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international / economics and finance / other press Monday January 01, 2018 14:18 by 1 of indy  2 comments (last - tuesday january 02, 2018 14:26)
This is a repost of an important topic that doesn't get enough coverage by Peter Koenig for the Saker blog and is about the rapid move towards a cashless society which is being sold to us as only positive. This is highly unlikely to be the case.
The other day I was in a shopping mall looking for an ATM to get some cash. There was no ATM. A week ago, there was still a branch office of a local bank no more, gone. A Starbucks will replace the space left empty by the bank. I asked around there will be no more cash automats in this mall and this pattern is repeated over and over throughout Switzerland and throughout western Europe. Cash machines gradually but ever so faster disappear, not only from shopping malls, also from street corners. Will Switzerland become the first country fully running on digital money?
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