Choice

From The Light Australia - Issue 11 (click on link to read full paper)

Physical cash is a voting machine that can be used every day. Bankers hate cash.

WHY do bankers hate physical cash? They have to collect it, secure it, account for it, distribute it and manage the recall of old cash. All of this activity generates no revenue for them. Thus it generates no profits. In fact, it is a cost centre for the entire banking sector. So it’s not hard to understand
that bankers see cash as their enemy. 

The benefits of physical cash:

• Cash protects privacy and personal data.
• Cash is anonymous – no tracking by big brother.
• Cash contributes to personal freedom and independence. 
• Cash supports democracy.
• Cash is the people’s money.
• Cash does not require electricity or electrical devices.
• Cash is sovereign money.
• Cash is non-interest bearing at origin.
• Cash is fungible.
• Cash is non-electronic.
• Cash supply is immediately responsive to increased demand from the people.
• Cash provides an excellent buffer against excess creation of interest-bearing credit money.
• Cash is free of charge. Merchant may offer discounts for cash.