These Countries Have Nearly “Eliminated Cash From Circulation”

by | Dec 2, 2016 | Aftermath, Commodities | 47 comments

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    This article was written by Rory Hall and originally published at The Daily Coin.

    Editor’s Comment: The cashless society is catching up to all of us. Most of Europe has shifted that way, and now India is forcing the issue. In the United States, people are being acclimated to it, and may soon find that no other option is practical in the highly-digitized online world.

    Once that takes hold, the banksters, bureaucrats and hackers will have total information on all your transactions, purchasing behavior, profiles about consumers, political and social background history and even predictive behavior, allowing them to control the population with ease. If/when a major crisis hits, nothing will work if the grid goes down; nothing will take place that isn’t strictly authorized – apart from a barter and precious metals exchange system that will be marginalized to the pre-digital ghetto.

    Cashless World: 1 out of 3 People Never Use Cash

    by Rory Hall

    We recently learned how serious these criminals are about stealing the sovereignty of every person on planet earth. Actually, most people are willingly handing over their sovereignty to the banks/government and have no idea what they are actually doing.

    When India ban, made illegal, the 500 and 1000 rupee banknote this move effected every 1 out of 7 people on planet earth. That means that every 7th person, anywhere and everywhere, you come in contact with may have been effected by this cash ban.

    Our individual sovereignty is tied directly to our ability to move freely about. When every step we make is tracked by the bank/government our sovereignty is gone forever. Freely trading commerce is one of the cornerstones of human sovereignty. Without the ability to conduct business with whom we wish, when we wish we are nothing more than cattle to the overlords of the land.

    An expat living in Thailand sent me an email last week, at the height of India blowing apart because the idiotic decision by Prime Minister Modi to eliminate the two most used bank notes in India. The email was to inform me that Thailand would be implementing a new policy in the early part of 2017 to completely eliminate coins from circulation. South Korea has already taken measures to eliminate coins from circulation.

    Here is a google translation from the Korean website (once you arrive you will need to translate from Korean language)

    From next year, you can get the change of cash that you bought and paid at a convenience store on your transportation card.

    In the mid to long term, not only transportation cards but also remittance to credit cards and accounts will be promoted, and the industry will be expanded to retail sector such as marts and pharmacies.

    The Bank of Korea announced on the 21st [November] that it will provide a service to charge prepaid transportation cards at convenient stores from the first half of next year (2017) as the first stage of the demonstration project to realize “a society without coins”.

    What’s happening in Thailand? Well, the government doesn’t even bother with trying to cover up the “scheme” to move people onto the tax farm – currency enslavement awaits for all that enter the great Bangkok Baht giveaway!!!

    According to (published in July 2016):

    “Want to win a million baht? Go for e-payment,” says Thailand’s junta, offering a lucky draw as an incentive to use the new online payment scheme “PromptPay.” The government wants to encourage citizens to use the service for business, in an effort to bring some of the massive informal Thai economy onto the books and boost tax revenues.

    As Southeast Asian economies struggle and tax income misses budget targets, Thailand’s finance minister is hopeful that a nationwide e-payment scheme can add tax revenue of THB100 billion a year to the coffers.

    Finance Minister Apisak Tantivorawong has estimated the move will save banks and businesses a combined THB75 billion a year, though other policymakers expect it could take some time for businesses to change their habits. Cash and checks now make up 80 percent of transactions.

    A coup in May 2014 ended months of political unrest, but the generals have struggled to revive Southeast Asia’s second-largest economy as exports and consumption remain weak.

    What about the most populace country on the planet: China? Well, they are, currently, in fourth place in use of digitized currency behind the U.S., Europe and Brazil. While none of these countries have eliminated cash from circulation, the banks/government make is sound “trendy”, convenient and oh so cool to never use cash. Why force a policy change when you can convince the people to hand over their freewill?

    Although China still has some way to go before it catches up with countries such as the US and Sweden, the speed at which China has made the shift from cash towards cashless has surprised many. Non-cash payments have been growing by around 40 per cent a year and last year China moved into 4th place in the world for non-cash payments after the US, Europe and Brazil.
    There are many reasons for China’s rapid transition away from cash. One is urbanisation, as non-cash payments are becoming both easy and popular. This is especially the case in top-tier cities such as Shanghai, Shenzhen and Beijing where it is both trendy and convenient to pay without using cash.
    There is a huge variety of choices when it comes to making cashless payments and China UnionPay has definitely helped to encourage this, particularly in the case of debit cards, which outnumber credit cards in China by 10 to one. China has more than 4 billion cards on issue – almost enough for each adult to have about three each.
    Mobile payments have also taken off in China – it has the largest proportion of people in the world using their mobile phones to make payments, online and physically. Source

    The purpose of going cashless is not for our “convenience”, it is specifically for the purpose of “saving the banks” and tax collections. Governments and banks could care-less about what is convenient for us. They are only concerned with how much of our wealth they can extract from every person who has any currency.

    The population of South Korea is 50.22 million people or said another way about 1/6th the size of the United States. India, on the other hand, is populated by 1.33 BILLION people while there are 7.4 BILLION populating the world. With Thailand making moves to remove cash/coins from the people we need to add their population to the mix as well. With more than 68.22 Million people this brings the number of people that are being forced by their government to use digital currency to a whopping 1.45 BILLION people. If you add 40% of China’s population of 1.35 BILLION that equates to approximately 540 million people the number of people currently living within a cashless society breaches 2 Billion people or said another way 1 out of every 3.5 people we come into contact with everyday. Every 4th person you greet has nothing to do with cash. This does not take in account the top 3 nations using digitized currency for their transactions. If the U.S., Europe and Brazil were calculated we would be well below 1 out of 3 people never using cash for any transaction.

    Some people that are reading this are telling themselves “so what?” those are distant far off lands that have nothing to do with the U.S. and this will never happen here. Well, not so fast.

    Larry Summers, who is like an embedded tick at the Treasury Department of the United States, has called for the elimination of the $100 bill. With the elimination of the largest denominated bank note from circulation this would effectively kill the use of cash. Why? Because it would eliminate most of the total cash value from circulation in one-fell-swoop.

    With $1.2 trillion in cash in circulation, as of July 2013 (now three year old information), not just in the United States but around the world, removing the $100 bill would deal a serious blow to the cash balance in circulation. Maybe not the amount of pieces of paper, but the cash value removed would be huge. Imagine going to a casino and hitting a blackjack table for $2,000 and the cashier hands you bundles of $50 bills (40) or worse, bundles of $20 bills (100)! $2,000 payout at a casino is not that a big deal. Having to handle the sheer volume of bank notes could potentially be a problem for the person receiving the windfall of paper.

    If you have any misguided notion that a cashless society is not coming, just keep telling yourself that every time you use a debit card, credit card or your phone for your next purchase. With the elimination of cash we effectively hand over our individual human sovereignty to the banks and the government.

    This article was written by Rory Hall and originally published at The Daily Coin.


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      1. 1ST

        • I’ve been sayin this for years. Cash, use it or lose it. If you lose it you lose all privacy in your finances and are subject to every shark thief there is. Lose your currency with the push of a button. Gawd people are stoopid…

          • That means that every 7th person, anywhere and everywhere, you come in contact with may have been effected by this cash ban.

            This is about the dumbest statement I have read in an article on this website.

            Hey author….It affects people in India with cash, not the whole World.

          • The Black Market in India is thriving, as Gold is selling now for $1700 US Per Ounce.

            India- Fear has gripped the bullion market, for one is deemed to be guilty until proven otherwise. People with perfectly legal cash are afraid of cameras recording their purchases and having to pay outrageous bribes. After an adjustment period people will buy more — not less — gold. For now, the gold market has gone mostly underground with the gold price hovering around US$1,700 per ounce. Did Modi want to boost the informal economy?

            Link: ht tp://

            Got your Gold and Silver? When it all crashes, watch these investments soar. You either got it, or you don’t. Buy Low – Sell High.

          • I’ll take silver for ‘shine.

            • Me too. 2oz. for a quart of wheeeesky 😛
              1.5oz. for rum
              1.25oz. for sugarshine
              2.25oz. for 160 proof
              1.5oz. for sweetfeed

              The store is open lol….

              • That’s right! You want it? Everybody gotta pay.

        • so what, you still cant spell for shit

          • And apparently, you don’t care.

            Lose Cash, Lose Your Freedom.

            You will not be able to purchase ANYTHING anonymously again.
            THEY will know how much you spent, the object or service you spent it on, and when you did it, thereby creating a pattern or Profile.

            That means not being able to:
            … go to a flea market and buy that object that you don’t want anyone else to know that you bought.
            … go to a store and stock up on preps.
            … go to a gun show and purchase anything.
            … without ‘Them‘ knowing it.
            Good luck with that once it starts.
            Bartering skills will become a necessity when this happens.

            But, if you like purchasing everything the ‘Digital’ way – that’s fine. You can do that. But please realize that any possible disruption to the network, grid, or other Power related systems, could render all your “Digital Cash” useless.
            Best to have at least some, just in case.

            Better to have, and not need, than to need, and not have.”
            ~ Franz Kafka

            • Barter like value for like value. Screw up supposed tracking.

              Buy someone a nice lunch, they buy you a nice box of .45.

              Do a job for someone, take off a couple extra bucks for payment in a box of .22, can of MT House. People you never thought would, will adapt. Not all.

              Waste no time now.

              • What did you use to buy that lunch ? 😀

                • He used his .45 to hold up McDonalds lol.

                • If you are forced to use a blockchain like bitcoin, personal barter between individuals can launder the blockchain.

                  Certain individuals can then amass certain goods while the blockchain shows randomness within the samples.

        • my dream come through after been scam five times i finally got my ATM card by MRS CLARA CYBER TECH,she is the only one who have the ATM hacking company others are fake because i have contacted them but they didn’t give me the card all they do is to ask for more money but they never send me card if you are interested and you want a financial help i will advise you to contact MRS CLARA CYBER TECH via [email protected] thank you god bless…

      2. May as well list USA cus hardly anyone has more than a couple bucks on them if that cus everyone uses debit cards i even see people use debit cards on pop machines at work and to buy a candybar or bag of chips out of machine ive even asked them are you serious you dont even have a buck on you and they say no i just use my card for everything its easier and safer . Look at the sheeple run… when they do inact the chip i think 80% will jump in line

        • Was in Santa Monica after the earthquake years ago; power was out, couldn’t use credit cards, correct change and cash only. Lucky, I fill up at night and had money ,so I just bought breakfast and got on the road. Lots of people were stuck,

          • Paranoid, and I bet they didn’t learn a fookin thing. I bet they are still card tards and deserve everything they get…

            • “card tards” excellent

        • True. Electronic (e-pay)/Plastic is everywhere, and in use by a lot of folks. But not all of us are doing it that way.
          Of course, those of us who are die-hard cash fans are actually telling the banks and ultimately the Govt., that we are a/the threat to their plans. If you request too much cash from your paycheck or bank account, you’re then put on a list. What the list is for? That is another subject of discussion, but personally believe it is a possible watch list.

          Sure, the electronic/plastic is always easier. And that’s usually what hooks everyone into using it, but there’s also peer pressure. Ever have anyone make comments about you using cash? It happens more than you realize. Most of the time, the majority of folks just look at you in an impatient way and sigh, because they have to wait for you to get your Cash out of your pocket and pay. It’s like it’s a dirty habit now.

          When they do enact the chip, who will do it? You? Me? I don’t know. We can say we won’t, but only time, conditions and circumstances will tell. I hope I won’t need to.

          Cash is still King, at least in my book.

          • You won’t even have to carry a wallet anymore, you will just wave your embedded chipped hand, in front of the chip scanner and off you go. lol

          • Sure Cash is good until nobody pays YOU in cash anymore, and you soon run out. What ya gonna do, carry a wheel barrel full of $1’s and $5’s into the grocery store to trade for groceries? Cause every other denomination higher than that, has been voided out.

      3. Here on my island cash is king.
        Most people here could not survive
        without it. I know a lot of people that don’t
        have bank accounts or plastic cards.
        There are generally two prices, one for cash and
        another(higher price)for check, plastic, or phone.

        • rellik, same here. Place would burn if they tried it.

          If not enough people push back, somehow, it will happen and it will really suck.
          Godsoldier, I’m afraid you’re right.
          EMP, bring it.

          • It might take some event to get the public to give up cash. Not EMP at first. That would be defeating the purpose of going all digital. Once everyone is tied into the digital realm, then possibly an EMP. Everything would start from zero, with the banskters having all the cash, and therefore calling all the shots.

      4. Barter on the horizon………

        • Yep.
          Gotta practice me skills.

      5. Go Trump!

      6. Got gold? (Esp. with the most recent smackdown by the cronies)

        Revelation 13:17: “…so that they could not buy or sell unless they had the mark, which is the name of the beast or the number of its name.”

      7. “Imagine going to a casino and hitting a blackjack table for $2,000 and the cashier hands you bundles of $50 bills (40) or worse, bundles of $20 bills (100)!”

        About all **I** will ever be doing is IMAGINING that one!!!

      8. What about bitcoin? They can’t control that can they? All transactions are anonymous? Unhackable blockchain?

        Whoops…The IRS is about to crush the neck of bitcoin users by ordering the database of user transactions since 2013 to be handed over.

        Another turd on the Bill of Rights.

        • Problem with bitcoin is that you will need access to the internet. Eventually you will have to have “the mark” in order to access the internet. hence this is why i have no bitcoins.

      9. Trump was not my first choice, but I think he will do OK. A *lot* better than Hilary. But, relative to some of the cabinet appts involving appointees from the Vampire Squid (Goldmun Suchs – typo intentional) and similar, all I can say is that in our battle with the leftist facist (make no mistake… the NSDAP, National SOCIALIST Workers’ Party – which adopted *explictlly* socialist planks at its very first convention, Munich, Feb. 1920), we are “only” at the point where Churchill said “Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning.”

        Now is the time to double down our efforts, and hold Trump’s feet to the fire for small government, freedom individual liberty issues, as he KNOWS he can’t neither disappoint those who voted for him out of frustration, nor the conservatives and libertarians that voted for him.

        This is a reprieve to *possibly* turn things around, not a pardon. As Reagan said, we are the “last, best hope for the world” (assuming we a nation founded on the Constitution!) We dare not fail now.

        Time to double down.

      10. I really hope these cashless folks/govt.s get hit with a hack,come one hackers!

        We will have a larger then ever alt economy,see it growing as this bullshit continues.

        • The problem is the government determines what money is legal. If the banks don’t accept it the grocery store won’t accept it, the gas station won’t accept it, the Physician won’t accept it. In the end its just high quality paper with portraits of historical figures. Gold has an intrinsic value but if deemed illegal with draconian penalties it only works in the underground economy. Its best to all flee to Texas and declare independence.

        • By eliminating cash, hyperinflation becomes less of an issue. You don’t need the wheelbarrow to carry cash.
          However, the real goal, at least initially, is to simplify the introduction of one world currency.

      11. I tend to think we are pretty safe for the next 4 years with Trump as Pres that Cash will still be flowing in the US. However he has been interviewing a few people for positions that take the position of Auditing the Fed, and Ending the Fed, and Replacing the Dollar backed with Gold or Silver. So stay tuned. I would just rather have my PM’s now, and not worry about it.

      12. Can’t buy or sell in the future without some kind of mark
        or tracking device. Some scoff at that possibility.

        • And even those who don’t scoff still buy everything with plastic. They are too stupid to care that everything they buy is tracked, traced, recorded, used to profile them, is a weapon they can use against them, subject to being shut off, used to blackmail them, confiscatable, subject to hackers and theft by anyone, carries extra charges, is completely NON private. Now once again, why use plastic??? Oh ya, because it’s convienient and were stupid as fook….

        • ” Some scoff at that possibility.”

          I scoff at nothing today as just what I’ve seen in my lifetime is shocking.

      13. Guess what’s going to happen in all these countries that have largely eliminated physical cash once the global economic collapse hits? Millions upon millions of people who will have absolutely nothing.

        Let’s look at the US as an example. US depositor bank account holdings total $11T while physical cash in circulation inside the US is around $700B. Those depositor accounts are credit that people have extended to the banks; $16 in electronic credit extended to the banks for every physical dollar. Unless you pull some of that credit off the table and convert it into goods or resources, the only way it’s going to become actual money is when you pull it out of an ATM. When they go bust, they’re going to default on that credit and use it to attempt a bail-in; that means the depositor is never going to see that “money” again.

        This is why you are going to see one bitch of a deflation and not hyperinflation. TPTB already know that they can bounce as much “money” as they want back and forth between computer screens, without causing inflation, because they’ve already done it in 2008. That’s why they’ll pump out the electronic scrip to the impoverished masses. If it can’t be converted to cash at an ATM, and can only be used to buy goods, it will not cause inflation.

        Cash is going to be king. Those who were wise enough to pull that credit off the table and stockpile physical cash are going to be the new kings. Physical cash is going to allow you take advantage of the opportunity to acquire physical assets at fire-sale-of-a-lifetime prices.

      14. I think it is the older people’s responsibility to explain to kids that going cashless is taking the mark of the beast. It may not be the actual tattoo the PTB are planning to brand them with, but it is the beginning of the grooming process.

        Have you noticed how popular tattoos have become? It is part of the grooming. They want the kids. We need to protect them from this.


      15. A sign on a seven eleven store recently read “Internet down Cash Only”. Most turned 180 degrees at the door like sheep running into a fence. “How much did you say you had in the Bank? I see your name on numerous lists here, sorry we have no record of your deposits, blame the EMP”. That is what I thought while reading that sign on the store door. “Payable to the Bearer on demand”, boy I miss the old days. I still have a few that say that on them, think they will still honor it? About as much as they will honor your digits. Be warned, there are no reeded edges on digital currency.

      16. Since all Central banks are owned by Zionist’s cash will never die. When you are the ones making physical cash, you are the one who hold’s all the power. These 3rd world currencies will always have physical cash problems. If you think the Zionist are ever going to want to lose control of the printing machines your crazy. Those machines control the power.

      17. As beneficial as modern technology has been in certain areas like the medical field,in other areas it has hurt more than it’s helped.Due to modern technology many people have become LAZY,and IMPATIENT..Many will say,”Why run to the bank or ATM and withdraw cash when all i have to do is swipe this plastic”?.Same with companies using direct deposit for employees paychecks,many where i worked loved the idea.I said from day one that there was more to this direct deposit than government was saying.Anytime you use plastic you leave a PAPER TRAIL.Government knows EVERY transaction you make,just like with your direct deposit paycheck,government knows EVERYTHING..Everything that has taken place up to this point was done so simply to make it easier for government to track citizens and monitor their personal buisness.

      18. I live in Thailand most of the year, CASH is the most used form of trade/ purchase. The talk of coins going away is not possible, buy water or anything else less than 20 Bhat, about 60 cents and your using coinage period. Food markets, mom and pop stores, most transaction are and can only be in cash. If you guys could see the freedom of capitalism here in Thailand you would think you are prisoners in the US, trapped buy your own rule and regulations to protect everyone the public. No, real Government handouts here, you work or don’t eat. And speaking of eating, Family agriculture, gardens, farms are everywhere, and non GMO. Yes, America will starve long before places like this. And before anyone gets cocky about a reply, I’m an Alaskan, I can buy a pistol at whatever store, walk out the door and put in my pocket and walk back in the same store. Freedom is being eroded, I see it every time I file for taxes, or get patted down by Delta airlines before boarding a flight back to the USA. Asian airlines don’t do that, no, and I don’t even take my shoes off going through Taiwan. Anyhow, everyone stay safe, stay in prayer, things are going to get rougher.

      19. Lest we forget, cash is also used to bribe the legislators who enact this and all the other rotten laws. Should there be an electronic trail of influence peddling, well, what’s good for the goose…

      20. Tom
        Cash days are numbered regardless where we live. Soon, your cash will be your phone, all connected to Internet.

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