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Home » How cash is becoming a thing of the past | DW Documentary (Banking documentary) financial history documentary

How cash is becoming a thing of the past | DW Documentary (Banking documentary) financial history documentary



Cashless payments are on the rise. They are fast, easy and convenient. Worldwide, cashless transactions have become the norm.

But Germany’s central bank and government are still clinging on to cash. Can they stop the move towards a cashless society? Our documentary shows who is behind the worldwide anti-cash lobby. Banks want to get rid of coins and bills for cost reasons, and politicians think less cash will cut the rug out from under criminals and terrorists. Central bankers want to abolish cash because it would make it easier for them to enforce negative interest rates. And digital payment companies like Paypal or Visa simply want to profit from money transactions and collect as much financial data about consumers as they can. Their aim is to gain complete control over our buying behavior. For example, the “Better than Cash Alliance” in New York is supported by financial corporations such as Visa or Mastercard. They say the more people that are integrated into the international financial system, the more growth and jobs it will promote. But as our financial behavior becomes more and more transparent, states are also using payment data to find out more about us. The ordinary citizen’s view of cash as a store of value, independent of third party interests, is being increasingly ignored. But for them, cash is and will remain a symbol of freedom.
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How cash is becoming a thing of the past | DW Documentary (Banking documentary)

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How cash is becoming a thing of the past | DW Documentary (Banking documentary)
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45 thoughts on “How cash is becoming a thing of the past | DW Documentary (Banking documentary) financial history documentary”

  1. Cashless world… a place where goverment can watch and tax your every move. They can make things illegal and you wont be able to buy them. Dont give up the little power we have.

  2. This is all about ultimately allowing one man to control all of use. Just about all banks in the whole world are owned by one family group. Please are blind to what is really going on.

  3. 19:40 notice it’s always an old white man demanding all your info and to monitor you 24/7 because in his eyes you are a threat. Smh

    He literally just argued people should less freedom. F this guy.

  4. Going cashless is to fight corporate greed. Using cash resists corporate control. I have gone back to using mostly cash. I have saved more money doing so. It isn’t about not paying taxes. I’m tired of banks taking my profit for which they didn’t work to create. Wake up to how you are being robbed. My thousands of dollars made two cents last quarter. But every card transaction they make almost 4.00 usd and to transfer that from the bank holding to another is another fee. I have had enough of that as a business owner.

  5. it is better to have cash in your hand rather than to connect your hand in the machine or technology that's make your body get destroy sooner or later.dont relay in technology or digital or even card you present.and it is not convenience without cash what if you didn't monitor how much money do you still have in your card whatever.so you still use your cash.

  6. I don't get how banks have more control on our every transaction, and charge for every transaction and STILL more n more banks are going out of business?

  7. So what will you do you Swedish geniuses, do in case of a generalized internet, power outage, solar storm etc? Oh ya, you haven't thought of that just gobbling up whatever your masters are feeding you!!!

  8. Block chain. Will be the future. Its not about coins and tokens its about the freedom from deflationary liquidity. Fiat will never go away but the block chain will eventually liberate the global economy from "globalism" and the centralized banking system.

  9. No mention made of the percentage of every transaction that goes to the service provider visa and the company providing the machines and facilities. Every merchant pays this percentage. Smaller merchants have to pay a higher rate. With no cash these mega companies like visa would be creaming off huge sums with no competition or alternatives to keep the amounts lower.

  10. Cheaper doesn't cost any money store phones and credit cards cost matching and or 1000 hour so none went away one server per motherboard hasn't changed efficiency and security so how cheaper

  11. Digital payments means no privacy. what is even worse is that banks/states have complete control of your financial means. this is why I used to do most of my daily transactions in cash until about three years ago when I switch to digital payments. the convenience of digital payments was too tempting. i guess I was beaten by the system.

  12. What drives me bananas, is when you go to pay, and your total is $150.00 You want to pay a $100 and the $50.00 on the credit card. But the cashier will respond, we don’t have change. I’am always just amazed by how uneducated we have allowed people to become.

  13. Getting rid of violent ppl is fine for me but imagine a drug dealer making his sales in the cashless future. He would be easy to spot cause he is on the system as jobless, but he has 10s of thousands of dollars coming to him on a regular basis, buying cars etc. He would be easy to find and prosecute.

  14. They created supermarkets no just for ease of shopping, but they also track your movements in the store to compile and your buying habits. It's not just about ease of payment. It's a system of control.

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