The Path to Government Control: How Banks are Phasing Out Cash
Cash is slowly disappearing as banks in Western society embrace the Environmental, Social, and Governance (ESG) narrative. By linking cash usage to carbon emissions and electricity consumption, banks are justifying their efforts to remove cash from society. NatWest, one of the largest banks in the UK, has even given itself the authority to set limits on customer deposits and withdrawals. This move, along with the closure of bank branches and ATMs, indicates a clear path towards government control through central bank digital currencies.
Key Points:
- Banks are leveraging the ESG narrative to justify phasing out cash
- ATMs are deemed environmentally unfriendly due to electricity usage
- Bank branches require additional electricity and contribute to carbon emissions
- NatWest plans to impose limits on customer deposits and withdrawals
- Government support for banks’ actions suggests a desire for increased control
In a time when banks are under pressure and the fiat monetary system is shaky, governments seem to be granting banks the freedom to restrict customer funds and limit financial autonomy. As citizens are forced to rely on bank accounts for bill payments, they are left vulnerable to inflation and potential bank failures. In this dystopian scenario, Bitcoin emerges as an alternative outside of government control. Individuals should consider exploring this option before it’s too late.
Hot Take:
The gradual elimination of cash by banks, supported by the ESG narrative, is a concerning development that paves the way for government control. As central bank digital currencies become more prevalent, individuals must be aware of the potential loss of financial autonomy and explore alternatives like Bitcoin to safeguard their wealth.
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