Now you can pay your goods with simple point and totally without cash-esteem. You just have to download a program to your mobile / iPhone and pay with it, how smooth any time, right? Axfood is the first in the country to uttering us the newest method that will make us lose the feeling of cash. Soon all the other retail chains to follow and the banks are cheering on. Admittedly, bank card income will be less, but it will take that back soon in other fees, such as the new proposal to impose tax on withdrawals in ATMs. Swedbank has according to what I heard already a fee for cash withdrawals at the counter in the form of payment.
We are driven to accept the most controlled systems that can be put on the people in this society of the future, so the end product will be an implanted computer chip that you pay with just by moving through the store. But what if one day you do not get any money in their account, they get sick or technology crashes?
In Sweden it is cash only 4,37% of the total money supply in Sweden, the rest is then digital money. The largest amount of Swedish kronor will therefore be done by private banks in electronic form, fractional reserve banking. However, these are not legal, but illegal payment (with the exception of the small percentage of electronic money made by the Riksbank in their computer RIX), because there is no law in Sweden that provides private banks to have the right to make Swedish kronor and the constitution require a law as the basis for all money management.
Journalist Andreas Cervenka wrote this:
“It is the difference between money and money!
Firstly, there is the kind that seems to be increasingly rare: banknotes and coins. These are published by the Riksbank. If you hold on to a hundred kronor note you can be reasonably sure that it is worth precisely one hundred kronor. The threat against cash huggers consists in the risk of being robbed or that runaway inflation quickly erodes purchasing power. Money in a bank account? It’s a completely different story. A digital bucks can if it goes really bad turn out to be worth exactly zero. ”
There are no laws giving private banks the right to make money, to produce legal tender!