New ERA without CASH is coming

In economics, it′s not a new idea to cancel cash with the ambition to even more effectively control households′ spending, or let′s say to control the whole economy.

After the recent "not so big" crisis so-called Great Recession 08, central bankers don′t have so many possibilities what to do if any negative shock occurs now. I mean right now, like at the beginning of 2019. Rates are still extremely low and even though that Fed raised already rates few times, still if you look on a global scale than the rates remain very low.

Economies without cash would give the new, great weapon to the central bankers. Through negative rates, they could ENFORCE the people to spend even all their saving from bank accounts, if the bankers will want to. You don′t believe me? You′re saying that it′s SCI-FI? Not at all, let′s check the article below from IMF.

Quite a scary idea, right? At least for me, it is.

The major problem still remains - the vast of world economies are in bad conditions and without expansion monetary policy they would never grow like they do nowadays.

From my side, there is quite a simple recommendation. Keep your dough in your pocket! Because each penny in your pocket represents your personal AND financial independence!

https://blogs.imf.org/2019/02/05/cashing-in-how-to-make-negative-interest-rates-work/