Electronic cash: The end of privacy.

While there are vast and undeniable benefits from transacting money at the speed of light, there are also some ominous drawbacks.
The most obvious among them is the loss of personal privacy.

For proof of that simply look at your itemised cell phone bill.

Everything is traced and accounted for; the person you called, the length of the call to the nearest second and where you called from.

Electronic financial transactions will be even more detailed.

In time gone by money could be hoarded, cash stashed under the floor boards or hidden in secret accounts.

With electronic cash everything will be monitored through the existing satellite systems and structures that are ALREADY IN PLACE.

 What the people of Sweden (or some of them) are alarmed about is not the introduction of cashless trading but the IMPOSITION of it.

You can read their comments first hand if you google 'Sweden goes cashless'.... and remember in a few years time their words might be yours!

Jubilate.

Ian