Well it may come as a complete surprise to everyone, but outside of my erotic studies I do study a great deal of economics and Geo-politics. Little does most persons know that we are already in slavery to a private central bank called the Federal Reserve. The Federal Reserve is no more federal than Federal Express.

I will challenge everyone to open their wallets and purses and pull out a $1.00 bill. No I am not solicit your money, nor would I attempt to. Look at the top of the bill, it will say Federal Reserve Note. You may not know this but for every one of those notes that are in your possession you and I are paying interest to the Federal Reserve, yes that would be correct, you and I owe interest.

This all began in 1913, and the enactment of the Federal Reserve Act of 1913. That act for all practical purposes caused the surrender of control of our currency from Congress to a privately owned, privately run central bank. This means the control of our currency was stolen from us the citizens of the United States.

This act was signed by President Woodrow Wilson. He stated in 1919 the following, and I quote; "I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is now controlled by its system of credit. We are no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men." -- Woodrow Wilson 1919

Now we all have heard about the Jeff Bezos (Amazon) Bill Gates (Microsoft) Warren Buffet (Brookshire Hathaway) and others in that particular universe. I want you to consider one clan that has an estimated net worth in some circles of over $500 trillion. This clan either owns or controls every private central bank in the world. They have financed both sides of wars, they have manipulated the currencies in under developed countries to that of junk status, and furthermore financed the creation of the state of Israel, removing Palestinians from their homeland. This clan would be the Rothschilds.

This would be Mayer Amschal Rothschild, the Godfather of the Rothschild clan. This is what he stated when he wanted control of a nations currency and I quote; "Let me issue and control a nation's money and I care not who makes the laws".

This is the thing about bank interest, it is compounding, meaning that it perpetuates upon itself. It also has an accumulative effect. With debt and interest there is not enough currency in circulation in which to pay the debt. That is the trap. That currency you and I have in our pockets I hate to say this is created out of whole cloth, it is ink and paper created out of thin air and lent to all of us at interest.

Now let us turn our attention to what banks are allowed to do under this system, and it is called fractional reserve banking. You say what is that, I will attempt to answer that question. When you get your paycheck, let us say for example it is $100.00. You deposit the whole amount into your account. The bank on the other hand will loan out up to 90% of your deposit or $90.00, you still have the $100.00 in your account but the bank has created ink and paper out of thin air and is lending it out at interest. There is also a danger of banks becoming over capitalized. What is that, it is where the banks will lend out more than what they have in deposits.

Now I want to turn your attention to what has been happening on Wall Street, and the wild fluctuations in the markets. With very low interest rates from the Federal Reserve companies find it cheaper to buy back their stock, and then sell it back out in the market once the price for that stock rises to a point where they can pay back the loan from the Fed window and pocket the profit. This is called a pump and dump, that is why you see the markets fluctuate like you do. Also there is a lot or program trading, speculation, and the emergence of day trading. When the Fed announces an increase in interest rates, then you see companies, speculators, and day traders dump their stock and run to the bond market, gold or silver, or commodities as a safe haven.

I really hope this has helped everyone out. I know this was kinda long, but I wanted you to get a grasp on what it really going on. The answer to the question is,"A cashless society will enslave us, what do you think?" I am afraid to say it but that has been their goal all along. Peace.

All I can think of is that the gov or hackers could ruin you in a second and nobody could prove anything, especially if the gov is involved. Also glitches in the syatem.

Yep.
Your 'worth' determined by a bunch of 1's and 0's and whatever passes for a 'Risk algorithm'.
Every purchase logged and recorded In 'Big Brothers' database and your Life insurance premiums determined by what's regularly in your shopping cart.

Money is a fiction.. Cash or electronic. Sea shells or knotted strings, its all the same. Only two things matter. First. That we all trust it.. and Second. That we trust the people who issue it.
Unless BOTH of those are true, a cashless society is inherently dangerous to personal freedom.

Yes the more digital we become the more vulnerable. It seems like technological advancement is heading towards a darker twist disguised to make life easier

Well it'd mean if you commit a crime or do something the government doesn't like, in the worst case being "thought" crime, they could stop you from being able to feed yourself by just invalidating your card/chip. The dystopia might not be probable but it certainly sets the stage for a malevolent group to make it reality if that were to happen.

Plus, no more cash in hand work or unregulated drugs as payment would be impossible to track without some third party technology or loophole (which there would be).

already has lol only 1% of money in circ is physical cash

I'd have to agree. It will also have the unintended consequence of providing further impetus to the "shadow economy" of informal barter which already exists among the American poor.

Some countries in Europe has done so. Some places in Australia dont allow cash as payment in certain restaurants

Duh!
The government will have complete control over our money. Everytime someone makes a private sale, the government probably hit the seller straight away taxes.

Do I have to choose a "best answer?"

I say this is one of the best debates so far on this forum, so I'll leave it at that!

It's interesting for sure. I generally rarely ever carry cash, but with things like Bitcoin and apps like Doordash and Lyft here, it makes me wonder if digital money is such a great idea...particularly when cyber warfare is on the horizon. I've not read a word about the mysterious outing of an entire California city's power grid reported on MSNBC some years ago. Perhaps it's best so as not to stoke public panic...but still, it was an alarming occurrence.

I think we're more likely to be enslaved by the accumulation of wealth than its elimination.

Probable

I hardly ever use cash. I'm not worried about any information collected about me.

It’s good for stopping criminal activity.. on the flip side it’s controlling our spending habits..

We haven't had a cashless society nor all the technology we do now so who knows. No system is perfect but I like the idea of a technocracy.

I think he has a point.
Some people have become dissociated with the value of money.

Cash is King, long live cash.

People said the same shit about email, smartphones, and online banking. Cash isn’t ever gonna go away because of the need of a physical representation of money, but it will just become obsolete like landlines and letters

I agree with Nader on certain points, like this one.

100%. Boycott any place that doesn't take cash. There is no good reason for them not to. It should be illegal in fact.