Don't bank on cards replacing cash
RECENT statistics indicate that plastic cards are more popular than cash.
Is this being pushed by the banks?
I would like to know how they calculate the number of cash transactions.
Is someone keeping tabs on cash transactions?
I'm curious as to how that could be done.
Are we being closely watched in our private economic decisions?
We know internet banking is plagued by hackers and banks quietly refund large amounts to account holders who have been ripped off.
We are only told about card transactions, not their illegal use, which would offset total card activities.
Is internet card purchasing contributing to shop closures?
The banks will make huge fortunes from the cashless society, and it is they who are promoting its use. Privacy is no concern to the banks or government.
What will happen when the internet fails and consumers are left without the means to buy and sell?
Away with cards and a return to cash would be safer for all in the long run.