Here Comes the ‘Cashless Society’

A recent look at some headlines, all less than two months old, gives us a scary view as to what is coming: Bring On the Cashless Future - Bloomberg China buyers go virtually cashless  - The Star Norway's Biggest Bank Calls For Country To Stop Using Cash - Int'l Business Times Cashless future underway as Canadian consumers have more credit, debit and app options than ever - CBC In Sweden, a Cash-Free Future Nears - NY Times Germany proposes new cash ban and capital controls as Europe rushes towards NIRP - Examiner With the Western World and China in danger of going into deflation, major banks have already started to charge negative interest rates. Denmark’s central bank was a pioneer when it first cut its deposit rate below zero in 2012, and the trend has now spread to the eurozone and Japan. The Danish deposit rate now stands at minus 0.65 per cent. - Financial Times Sweden has followed suit.  The USA is set to follow.  Major...(Read Full Article)