European Nations Such As Sweden and Denmark Are “Eradicating Cash”

Posted by on December 29, 2015 in Economy with 67 Comments


By Michael Snyder | Activist Post

Did you know that 95 percent of all retail sales in Sweden are cashless?  And did you know that the government of Denmark has a stated goal of “eradicating cash” by the year 2030?  All over the world, we are seeing a relentless march toward a cashless society, and nowhere is this more true than in northern Europe.  In Sweden, hundreds of bank branches no longer accept or dispense cash, and thousands of ATM machines have been permanently removed.

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At this point, bills and coins only account for just 2 percent of the Swedish economy, and many stores no longer take cash at all.  The notion of a truly “cashless society” was once considered to be science fiction, but now we are being told that it is “inevitable”, and authorities insist that it will enable them to thwart criminals, terrorists, drug runners, money launderers and tax evaders.  But what will we give up in the process?

In Sweden, the transition to a cashless society is being enthusiastically embraced.  The following is an excerpt from a New York Times article that was published on Saturday…

Parishioners text tithes to their churches. Homeless street vendors carry mobile credit-card readers. Even the Abba Museum, despite being a shrine to the 1970s pop group that wrote “Money, Money, Money,” considers cash so last-century that it does not accept bills and coins.

Few places are tilting toward a cashless future as quickly as Sweden, which has become hooked on the convenience of paying by app and plastic.

To me, giving money in church electronically seems so bizarre.  But it is starting to happen here in the United States, and in Sweden some churches collect most of their tithes and offerings this way

During a recent Sunday service, the church’s bank account number was projected onto a large screen. Worshipers pulled out cellphones and tithed through an app called Swish, a payment system set up by Sweden’s biggest banks that is fast becoming a rival to cards.

Other congregants lined up at a special “Kollektomat” card machine, where they could transfer funds to various church operations. Last year, out of 20 million kronor in tithes collected, more than 85 percent came in by card or digital payment.

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And of course it isn’t just Sweden that is rapidly transitioning to a cashless society.  Over in Denmark, government officials have a goal “to completely do away with paper money” by the year 2030

Sweden is not the only country interested in eradicating cash. Its neighbor, Denmark, is also making great strides to lessen the circulation of banknotes in the country.

Two decades ago, roughly 80 percent of Danish citizens relied on hard cash while shopping. Fast forward to today, that figure has dropped dramatically to 25 percent.

We’re interested in getting rid of cash,” said Matas IT Director Thomas Grane. “The handling, security and everything else is expensive; so, definitely we want to push digital payments, and that’s of course why we introduced mobile payments to help this process.”

Eventually, establishments may soon have the right to reject cash- a practice that is common in Sweden. Government officials have set a 2030 deadline to completely do away with paper money.

Could you imagine a world where you couldn’t use cash for anything?

This is the direction things are going – especially in Europe.

As I have written about previously, cash transactions of more than 2,500 euros have already been banned in Spain, and France and Italy have both banned all cash transactions of more than 1,000 euros.

Little by little, cash is being eradicated, and what we have seen so far is just the beginning.  417 billion cashless transactions were conducted in 2014, and the final number for 2015 is projected to be much higher.

Banks like this change, because it enables them to make more money due to the fees that they collect from credit cards and debit cards.  And governments like this change because electronic payments enable them to watch, track and monitor what we are all doing much more easily.

These days, very rarely does anyone object to what is happening.  Instead, most of us just seem to accept that this change is “inevitable”, and we are being assured that it will be for the better.  And no matter where in the world you go, the propaganda seems to be the same.  For example, the following comes from an Australian news source

AND so we prepare to turn the page to fresh year — 2016, a watershed year in which Australia will accelerate towards becoming a genuine cashless society.

The cashless society will be a new world free of $1 and $2 coins, or $5 or $10 bank notes. A new world in which all commercial transactions, from buying an i-pad or a hamburger to playing the poker machines, purchasing a newspaper, paying household bills or picking up the dry-cleaning, will be paid for electronically.

And in that same article the readers are told that Australia will likely be “a fully cashless society” by 2022…

Research by Westpac Bank predicts Australia will be a fully cashless society by 2022 — just six years away. Already half of all commercial payments are now made electronically.

Even in some of the poorest areas on the entire globe we are seeing a move toward a cashless society.  In 2015, banks in India made major progress on this front, and income tax rebates are being considered by the government as an incentive “to encourage people to move away from cash transactions”.

Would a truly cashless society reduce crime and make all of our lives much more efficient?


But what would we have to give up?

To me, America is supposed to be a place where we can go where we want and do what we want without the government constantly monitoring us.  If people choose to use cashless forms of payment that is one thing, but if we are all required to go to such a system I fear that it could result in the loss of tremendous amounts of freedom and liberty.

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And it is all too easy to imagine a world where a government-sponsored form of “identification” would be required to use any form of electronic payment.  This would give the government complete control over who could use “the system” and who could not.  The potential for various forms of coercion and tyranny in such a scenario is obvious.

What would you do if you could not buy, sell, get a job or open a bank account without proper “identification” someday?  What you simply give in to whatever the government was demanding of you at the time even if it went against your fundamental beliefs?

That is certainly something to think about.

Many will cheer as the world makes a rapid transition to a cashless society, but I will not.  I believe that a truly cashless system would open the door for great evil, and I don’t want any part of it.

What about you?

Would you welcome a cashless society?

Please feel free to share what you think by posting a comment below…

Michael Snyder is a writer, speaker and activist who writes and edits his own blogs The American Dreamand Economic Collapse Blog. Follow him on Twitter here.

Read more great articles at Activist Post.

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67 Reader Comments

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  1.' Pooklook Susupook says:

    deposit on Bank.

  2.' Dyan Graham says:


  3.' Tiffany Nicole says:

    As soon as they take away cash, there goes any privacy on your transactions and having all money digital….just wait til the hackers get in on this. This is definitely not good

  4.' Derek Morvant says:

    Won’t ever work in the usa

  5.' Joe K. Kane says:

    Nope, I only use cash.

  6.' Valerie Anne Corbyn says:

    No thanks!! ..

  7.' Stephannie Snyder says:

    ???No I am not and will not be ready for this.

  8.' Hannah van Kampen says:

    No I am not and will not be! In case of crash you will have no way to pay to pay the food you need……………….

  9.' Charlotte Taylor says:

    No cash anyway to cover all the debt countries have….what a joke….start collecting gold and silver folks…it is already difficult to get large $$$ from your account at your bank !!! Guess they are burning it !!!

  10.' Cathy Du Plessis says:

    Everybody in SA is already paying bills by EFT or credit cards.

    •' Sue Watson says:

      Get your facts right im paying bills by cash ! Why cant you see in to the future nothing will be in your control or our childrens this is all happening to get more money out of us more fees and when you have no money how do you argue the point! !!!!!wake up people

  11.' Dan Smith says:

    I think the majority of people would be against this but who listens to the people.

  12.' El Ramos Spacko Johnson says:

    nope. when there aint no cash i pay with rocks

  13.' Justin Rogers says:

    Those of you not ready, you are holding the rest of us back in the currency stone ages. Do you still use a rotary phone? Did you have to Google rotary phone? People still cling to their rotary phones…is that who you want to be compared to? Privacy is DEAD, stop beating that dead horse please? Do you really think those camera’s at the ATMs are there for your protection? LOL In that case, I have a timeshare I’d like to sell you….

    •' Mark Krehbiel says:

      My Debit Card has been hacked 3 times this year. Nobody can figure out from where. It takes WEEKS to get a new card. Cash is the only thing that gave us food, rent, gas, and heat during these periods. Otherwise we would have been HOMELESS all becase these systems are Not Solid and Secure. You are racing towards a non functioning society led for and by corporate elite. Why wave an American Flag when you can wave a Corporate Bank One?

    •' Justin Rogers says:

      I am so very sorry to hear that, but it sounds like you need to take some personal accountability here. These systems are only as solid and secure as the computer/device you use to access them. If you have been hacked three time this year, I would start searching your devices for malware, rootkit, or keyloggers. If you leave the front door wide open for thieves, don’t blame the system.

    •' Joe K. Kane says:

      How are we holding you back? You can use debit, and credit all you want. I don’t want anything to do with it.

  14.' Adow Juaj says:

    Adit Adit

  15.' Heather MacDonald says:

    Mark Vincent MacDonald

    •' Mark Vincent MacDonald says:

      Yes indeed eradicating cash worldwide is a major step in entering the digital era. However, of course full-proof security systems must be the foundation. A dual internet ‘type’ system will record, duplicate, and store all information…Please read 2 articles and Booklet $1 before commenting further 😉

  16.' David Guinn says:

    Privacy isn’t dead, it just can’t be assumed, you have to plan it. I use a debit card all the time, but never to purchase anything I consider nobody else’s business.

  17.' Pa Ka Ba says:

    NWO agenda…

  18.' Cecilia Barlas says:

    I was going to the toilet in a trainstation in Sweden. You could only go if you had a creditcard. I only use cash so I took my buisness to the nearest bush. I’m getting out of this PC Big brother country.

    •' Corinne Omeasoo says:

      wow really taking away the freedom to a whole new level. That must have been so embarrassing.

    •' Mitch Blanco says:

      There are movies where they are based to be from the future and they are now constantly showing cashless societies. The cash system are normally called “Credits” as well.

      They would have complete control of all your finances, and I am not even going to get into the fact that it would all be hackable as well.

    •' Mitch Blanco says:

      To be honest, I can’t wait for the fall of Capitalism and move to the next financial system where everyone will be alright!

    •' Jill Robertson Kibbey says:

      I’d pee on the sidewalk in protest.

    •' Paul Dicioccio says:

      I’d pee… and shit out in the open, on the presumably marble floors of the train station. Buhumbug to cashless society. I’ve been thinking about chopping up all my credit cards, only have one debit card to withdraw cash only, no purchases.

  19.' Liam Havard says:

    Hmm good way to control everyone’s money. Also great way to lose all your money if there is a power blackout or someone decides to do some hacking.

  20.' Mark Krehbiel says:

    How many ways is this wrong? Well lets start with fees. It is not free. When you pay with cash a corporate bank does not take part of it in the transaction. Every single card use comes with a fee usually charged to the business owner. It is a direct corporate tax on every transaction that happens. And what do we get for it? Nothing. When we pay sales tax we get, roads, schools, firemen, police, etc. When we pay corporate taxes we get zero. Not a thing. It is simply one more way for our money to funnel upwards. It never comes back down. Regular people are barely getting by as it is. Family owned businesses are getting squeezed from all directions. To eliminate money that every day people can use for free for all transactions is nothing short of Evil. Try giving a few bucks to a homeless person when there is no money and they don’t own a smart phone or bank account. Try chipping in on a pizza at a friends house. Try tipping the driver, or a waitress for that matter. By the way that garage sale is right out too. (I’ll buy this for a buck and you can pay the 50 cents plus 5.5% transaction fees to the corporate bank on your smart phone. Even better on a 50 cent item?) This serves one purpose. Eliminating as many normal things as is possible for the sake of corporate profit and control. Pure Evil.

  21.' Tess Kelly says:

    The US could start with the penny!

  22.' Ann Krüger says:

    There are a lot of homeless people in Denmark, despite the high taxes, what will happen with them after this “I know what you are buying” are implemented. It’s all about Control, and not for helping anyone.

  23.' Sue Watson says:

    Nope it should be a choice

  24.' Sue Watson says:

    Wake up people this us to contrrol you no money more fees no arguments omg people are so gullable i still use cash to pay my bills ,goodbye freedom !!!!!!!

  25.' Mikey Blackwood says:

    Sad ……….

  26.' Darren Thomson says:

    perfect! when the system crashes you’ll have nothing. No matter how many numbers on that screen you’ve got you wont see them again till the system comes back on line, and this is good because…… ????

  27.' Ron Morina says:

    I live in Sweden and its really bad , control control and control , i just want to move to the forest and live off the grid ……

  28.' Spencer James Smith says:

    a better question is “are you ready for the NWO?”

  29.' Matt Hawkins says:

    Another way of forcing us into the system

  30.' Shean Cinseallach says:

    Russo was right. Pure slave. On d way already in America and pay wave cards

  31.' Jeffrey Jorgensen says:

    This is bad news

  32.' Miguel Matel says:

    I’m not ready for this cashless society actually qe need more cash.

  33.' Dandy P. Tabat says:

    Sa atin kahit ang pera kung saan saan galing, yung iba baka may dugo pa ng namatay yan okey lang.

  34.' Madelaine Quigley says:

    We will only have points that can be erased at any time. There was a book years ago based on the idea of everyone living off a point system. And one day everyone woke up with no points. Except the elite. The rest of the world was forced into slavery to the elite few who had control of everything. Wierd watching the world look like a fictional story written a long time ago. Wish I could remember the name

  35.' Lisa Favell says:

    Howard McCrary

  36.' Kirk Negrido says:

    Nice one for both of them !
    Greetings from Philippines !
    Mabuhay kayo !

  37.' Mo Layton says:

    wonderul!! and replace with WHAT?????

  38.' Boie Dizon says:

    This is a formed of a society controlled by the government

  39.' Valerie Mosher says:

    Do some research on your strawman & the millions that are in a bank account in your name. Your signature is worth millions. Funny how a 12 year old can see our illusionary banking system but the adults are too afraid to make a stand for themselves & rid ourselves of these parasites. 🙁

  40.' Valerie Mosher says:

    Government, a latin term that means “to control the mind”. Mindless slaves.!!! 🙁

  41.' Jessica Deshazo says:

    Great way for the government to track you .

  42.' Jill Robertson Kibbey says:

    Ready to be constantly monitored by your bank? Slavery.

  43.' Tony Godwin Jr. says:

    Lol, so they can shut down all banking systems and have humanity run around like nasty savages searching for food. C’mon.

  44.' Gabriela Filkin says:

    Is money that must be eradicated!

  45.' Dlav Gaucher says:

    WHY ???… BECAUSE it leaves paper trails ??? ..and makes living off the grid .. next to impossible.. oh! Yeah ! Computer implants in the WRIST.. to control the masses..LMAO !!!

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