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article imageOp-Ed: Why we will always need cash

By Alexander Baron     Jan 27, 2014 in Business
It has long been said we are moving towards a cashless society. There are very sound reasons we should never allow this to come about.
Remember David Icke, the man they all called a nutter? Here are some of his wise words from 1995:
“Today if you go into a shop to buy food and your credit card is refused by the computer, you can pay with cash. What happens when there is no cash? You are at the mercy of the computer. If it refuses your card or microchip, you have no means to purchase anything.”
If that sounds unduly paranoid, it might not have if you had wanted to leave Nazi Germany in a hurry back in the 1930s, or Rwanda in 1994, or fill up your car in Bedford yesterday...
What was that last one? Yesterday, a young lady named Elise Robinson had her debit card declined at a Bedford petrol station (a gas station to you, Hank), and had to summon help from home, but what if she hadn't been able to? She was one of potentially 30 million customers who were left high and dry when her debit card was refused, a problem that affected Halifax, Lloyds, Bank of Scotland and TSB ATMs as well as cards.
Today, we have heard more about Edward Snowden and how the US and UK Governments (and let's be realistic about this, all governments) track everything we say on-line by phone or by text.
If you don't see the connection between those two stories, join up the dots.
In the meantime, if any political party tells you — on whatever pretext — that further controls are needed on cash, or that maybe people shouldn't be allowed to own gold, or take money in and out of the country, be sure to let its leaders know they will not be receiving your vote.
This opinion article was written by an independent writer. The opinions and views expressed herein are those of the author and are not necessarily intended to reflect those of
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