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Andy Hoffman, analyst : "In India, the "cashless society" decree changed the life of the masses for the worse."





Andy Hoffman, analyst : "In India, the "cashless society" decree changed the life of the masses for the worse."
The history of paper fiat currency destruction goes back at least 1,000 years, to when it was invented by the Chinese. In the modern day, we have seen the destruction of dozens of others—in Zimbabwe, Venezuela, Turkey, Argentina, Iran. and more. But there is a far more sinister destruction now happening in what was already one of the world’s most poverty-stricken nations, India. It began with a central bank, disguising itself as “Western” and “modern,” that kept on printing money more like a developing country central bank.

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The cashless society from an ethical point of view

The debate about the move towards a cashless society has been at the center of the scene for several years, now. Various angles have been taken by economists, politicians, banking institutions and sociologists. Beyond the technicalities of the debate, lies the question of freedom, of inter-citizen solidarity and of governmental responsibility. The debate cannot remain in the hands of financial specialists, it is first and foremost an ethical, political and societal issue.

The cashless society from an ethical point of view









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