Finland is as of May 2018 without comparision what we must call “The Cash Country of Scandinavia”. With more than 50% (Source: Bank of Norway) of all consumer money spent in Finland last year being physical cash one may seriously ask why the Global YES to CASH movement is coming to Finland? The answer is simple. It is far more effective to prevent a disease than to heal it.
The signs and reports, despite the good numbers of cash-users in Finland are hard to avoid seeing. In Finland there is also a “War on Cash”. Scandinavia is under “cashless siege”. Norway and Sweden are almost cashless already, even though the cashless-tide has been turned in both countries now. Denmark also has “money”, but most likely because Denmark is so close to the “Cash Haven”of Europe, Germany, where cash is still being used more there than in Norway and Sweden cash will survive there.
Global YES to CASH was established because of this global war, where the Nordic countries are “testing labs” for the banks behind this war, due to our high number of computers and smartphones.
The first sign of the War on Cash is nearly always that ATMs disappear and it gets harder and harder to get cash for your wallet. The more cash that we keep in the bank, the more real money the banks have to play with in the financial markets. It is far better for the big banks to keep our cash for themselves and give us their “monetized debt“, some call it their IOU money instead. This way they can play the financial game as they want, and “always” have assets to make money for their shareholders.
But this is a sign that of course also can be explained by the rapid digital technological development we can see everyhere now.
Bottom line is that it’s all about the money. The rapid growth of the fintech industry is as moneydriven as any. Fintech (financial technolology) is an industry that grows exponentially these days and new fortunes are being made every day in The World of Fintech. When we merge this with a the obvious incentives the big banks have to keep our cash for themselves, we get a perfect “cashkilling storm” that must be stopped as early as possible. If not it will be the end of privacy and freedom as we know it.
We’re really grateful that you are devoting yourself to this fight to, and starts by studying the links you find in this little article.