Is Switzerland About to Become First Country to Outlaw a Cashless Society?

"Swiss citizens will get the chance to try to ensure their economy never becomes cashless, a pressure group said, after collecting enough signatures on Monday to trigger a popular vote on the issue."

“It is clear that… getting rid of cash not only touches on issues of transparency, simplicity or security… but also carries a huge danger of totalitarian surveillance,” FBS president Richard Koller said on the group’s website."

"As readers are well aware, the pandemic rapidly intensified preexisting forces, mainly due to unfounded fears that cash could exacerbate the spread of COVID. Those fears were stoked and magnified by mainstream media and seized upon by certain retailers (such as the British supermarket Tesco) to justify encouraging all customers to avoid making cash payments."

"The date for the referendum on the cash initiative is yet to be set. A video report on the issue by Swiss Info emphasized that none of Switzerland’s main political parties support the initiative. It also underscored the FSB’s libertarian credentials while likening the cash initiative to the failed sovereign money initiative of June 2018, also known as Vollgeld, which sought to put an end to fractional reserve banking by including the creation of scriptural money in the legal mandate of the Swiss National Bank (SNB)."

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Last Edited by eqzfrich on 02/21/2023 07:44 PM