How cash is becoming a thing of the past | DW Documentary (Banking documentary)

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  • Published on Nov 21, 2018
  • Cashless payments are on the rise. They are fast, easy and convenient. Worldwide, cashless transactions have become the norm.
    But Germany’s central bank and government are still clinging on to cash. Can they stop the move towards a cashless society? Our documentary shows who is behind the worldwide anti-cash lobby. Banks want to get rid of coins and bills for cost reasons, and politicians think less cash will cut the rug out from under criminals and terrorists. Central bankers want to abolish cash because it would make it easier for them to enforce negative interest rates. And digital payment companies like Paypal or Visa simply want to profit from money transactions and collect as much financial data about consumers as they can. Their aim is to gain complete control over our buying behavior. For example, the "Better than Cash Alliance" in New York is supported by financial corporations such as Visa or Mastercard. They say the more people that are integrated into the international financial system, the more growth and jobs it will promote. But as our financial behavior becomes more and more transparent, states are also using payment data to find out more about us. The ordinary citizen’s view of cash as a store of value, independent of third party interests, is being increasingly ignored. But for them, cash is and will remain a symbol of freedom.
    _______
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Comments • 2 095

  • Sushil Bade
    Sushil Bade 16 hours ago

    Digital barter trade system of the 21st century introduced by the Western world.💸💱

  • 伊榭尔伦的风

    我们的日常,居然让西方世界这么恐怖?

  • Bon Chance
    Bon Chance Day ago

    🔴FORCING THE POOR TO HAVE
    A MOBILE PHONE ???????
    🔴PENSIONERS ?????
    🔴HOMELESS ??????
    IGNORANCE IS BLISS APPARENTLY.
    👹THE MARK OF THE BEAST👹...........
    👹They shall neither buy nor sell without
    the MARK OF THE BEAST👹

  • Mash Abdul
    Mash Abdul 2 days ago

    to cure the problem of cash and breaking down servers etc, we can have pst it notes sold at shops, for 1 $ a 100 notes. and rubber stampswith the different denomination, which is taken to a special machine atm plus to upload to debit credit your account

  • Action Jackson
    Action Jackson 2 days ago

    It amazes me that people are so naive and don't get what the system is doing to their freedom and privacy and when the hackers come, there goes ALL of your information including your bank account info,SMH......

  • frankySR21
    frankySR21 3 days ago

    The biggest argument they have for doing away with cash is that it prevents the government from imposing overbearing taxes and regulations. How awful!!

  • hank fontaine
    hank fontaine 3 days ago

    Cash worried bout cash whats in the food Stan whats in the food Fran whats in the food whats the plan worried bout cash can't eat it why are Helen Blavatsky's making the plans

  • Stevenson Bowen
    Stevenson Bowen 4 days ago

    without cash will the mark of the beast in n revelations 13

  • Lee K
    Lee K 4 days ago

    I got about 10 minutes in before wondering if they'll mention cryptocurrency at all. And after discovering they don't actually mention it I'm shocked.
    There is literally no point in this video as the most superior method of transacting is being completely disregarded.
    Bitcoin, it's the currency of the future.

  • Lee K
    Lee K 4 days ago

    Bitcoin people. The more we use it, the easier we'll make it.

  • Avant tik
    Avant tik 4 days ago

    Somebody does know who plays the music in minute 14.11?

  • phillip richards
    phillip richards 4 days ago

    the mark is coming

  • 50canadian
    50canadian 5 days ago

    Yes and you pay the bank for there service.
    You loose money every time you use your card or phone's, .that shows people become more brainless.

  • Monstaa Factory
    Monstaa Factory 5 days ago

    Gold to paper now nothing.

  • Skippie James
    Skippie James 5 days ago

    2019 with no cash SOMEBODY else controls your well being. Is that why the elite want to take cash away. Control, Control, Control and the dummies are falling for it. Not electric no money how will you eat then?

  • nikose34
    nikose34 5 days ago

    "thing of the past" la di da...

  • caz purr
    caz purr 5 days ago

    Jesus is coming , repent and have faith . He is the only way out of this nightmare \demonic state . It’s all about control period .

  • Good Life
    Good Life 6 days ago

    New world order one word government

  • Sathandra D
    Sathandra D 6 days ago

    It's back to paying with gold. My credit card statement is $0 this month. It's rather relieving not having to worry about paying your bills on time, no worries about interest or late fee's, just pay with cash

  • Gaius Scipio
    Gaius Scipio 6 days ago

    So what do you use during a natural disaster when there is no electricity, like a flood, earthquake or zombie apocalypse ?

  • Adam Khan
    Adam Khan 6 days ago

    cash is king

  • iounatta
    iounatta 6 days ago

    Cashless society is the way of the future like it or not and I'm not talking about CC and debit cards. We will be using our phones and computers for all financial transactions. Digital assets (cryptocurrency, ILP, Blockchain) is going to benefit us all. The Federal reserve will no longer be able to print money out of thin air and cause inflation. We will not have to rely on banks as we will be able to transact peer to peer and peer to merchant without a middleman. Practically with zero fees. The downfall, as I see it, will be that we will be an open book for taxes and wealth to our governments. No more tax fraud or hiding your monetary assets. I'm an older man and I see it coming for all you millennials sooner than you may want to believe. Invest in physical gold, silver, and crypto for the future and don't let what happened in Greece and other hyperinflation country's' happen to you. Start researching about Digital assets now and educate yourselves for your future. Watch what the IMF is doing and preparing for. Soon we will have a one world currency that the whole world can use and it will be a digital asset/currency.

  • mrmuranga
    mrmuranga 7 days ago

    check out mpesa and its impact in Africa payments

  • Christabel Rahma
    Christabel Rahma 8 days ago +1

    A cashless system is a new way for bank, business actors, and government to get tons of profits from society

  • Cosi Fan Tutti
    Cosi Fan Tutti 8 days ago

    Once they force us to go cashless they have complete control. The future is very dark.

  • Josh Santos
    Josh Santos 8 days ago

    6 9 at 0:48 🧐

  • crypt clown
    crypt clown 8 days ago

    cash creates coins that noone can spend. Thus wasting little bits of money each time. get a card and bank without fees and youre set.

  • Black Hawk
    Black Hawk 9 days ago

    What you gonna do when the power goes out?????

  • trespire
    trespire 9 days ago

    Will balanced report.

  • majstealth
    majstealth 10 days ago +1

    the day we abolish cash, we also abolish freespeech, let alone privacy

  • cuscurusco
    cuscurusco 10 days ago

    Use cryptocurrency !!

  • Himangshu Arnheim Bora

    Its surprising to see the so called Liberal Democracies taking away freedom of choice from the people

  • A. H.
    A. H. 11 days ago

    Cash is always the best, fuck off banks

  • Raven113 P
    Raven113 P 11 days ago

    Imagine waking up one morning, looking at your bank accounts and your money is gone, then it comes back after 15 minutes. The bank/credit union apologizes with an ominous message in red saying they are working on a problem with the online banking. Later, you go to the bank and there’s a line full of people waiting for the 1 teller on duty and they all want to know what happened earlier that morning when their money disappeared for 15 minutes. The manager, was of course, not there...supposedly he doesn’t work Mondays. This happened to me recently. It was an eye opener. The bank robbers who
    are tech savvy will have a field day if and when we go totally digital. I take snap shots of my accounts now.

  • Arda B
    Arda B 11 days ago

    They all think in this documentary money is the same as currency and believe it holds value. Cash currency can only be created by the central bank, while digital currency in bankaccounts can be created by all banks.....what do you think the banks want you to use?

  • Peter Wilson
    Peter Wilson 11 days ago

    Get rid of cash so that the government can tax every cent. There will be nowhere to hide. Only with a cashless society can negative interest rates be enforced.

  • jozefsan
    jozefsan 11 days ago

    do you remember when your money transfere didnt came on time and you been stuck day or two without money? now you will taste this opportunity if someone decide you need punishment .....

  • Douglas Thompson
    Douglas Thompson 12 days ago

    Cash is king....You lose your monetary control with cards. This system benefits banks and the government. The coming generations are forgetting this. For a convenience this system is enslaving all of us. Stay with cash as it provides some personal control of your finances.

  • mentuemhet
    mentuemhet 12 days ago

    paying to use a restroom? wtf

  • Hullo Pillow
    Hullo Pillow 13 days ago

    Stop copying China.

  • john shu
    john shu 13 days ago

    I d rather have silver and gold on hand.

  • Skye blue16
    Skye blue16 13 days ago

    Also, going cashless can hurt 3rd world countries because a majority of credit card fraud comes from those regions and not many people want to do business with them. So if cash is eliminated then no one would do any business what so ever with them-also these poor people will have to be charged more for their money by credit card companies.The gov might just wanna track their people more since a majority do not have banks

  • Skye blue16
    Skye blue16 13 days ago

    Yet credit card theft is a problem too! And I like how cash doesn't have to be tracked or programmed-what if there's a tech glitch, credit card fraud/theft, banking fees, system failure, wifi issues, etc. I use card more but still make sure to have cash on hand to be safe

  • first Impression
    first Impression 13 days ago +1

    It is so funny people believe that is a form of control but then they go online and give away all their data to Instagram or Facebook.

  • J
    J 13 days ago

    and just read about the crash of bit coin.

  • Jia Wei Chew
    Jia Wei Chew 14 days ago +1

    If the power goes out for days, physical cash is number one most valuable. So if your area go a natural disaster, good luck if you rely on digital cash.

  • Greekproud Greek
    Greekproud Greek 14 days ago +2

    People have to understand the revelation of john in the bible!!! Everything we live now has been predicted thousands years ago! first the cashless society after they will say after you loose your soul eternaly...........

  • Clarence Dember
    Clarence Dember 15 days ago

    all this to avoid talking about balancing the budgets of governments in the end

  • Parrot Boss
    Parrot Boss 16 days ago

    Good news for Bitcoin.

  • Veysel Özoğul
    Veysel Özoğul 16 days ago

    Despite without mentioning cryptocurrency, this documentary was so explanatory and informative about how cashless system works.

  • Denise King
    Denise King 16 days ago +1

    That's complete control u shouldn't have to ask for what belongs to you, because it's coming a time where you won't be able to get anything, technology is man made it won't always be available for us

  • Stuart Little
    Stuart Little 16 days ago +1

    *CASH IS POWER CASH IS KING*
    DON’T LET THIS HAPPEN EEVER

  • H N
    H N 16 days ago

    I hate using cash. It sucks.

  • Nellie Rutten
    Nellie Rutten 17 days ago +2

    Say hello to negative interests and not being able to take your money from the bank, it's amazing how stupid and naive people are to the powers of governments wanting to increase taxes and control your spending by using negative interests to force you to spend your money.

  • Matthew Meyer
    Matthew Meyer 17 days ago +2

    There are 20 Billion transactions generating revenue for these companies. Bitcoin has had 20 transactions since its genesis, all were fraudulent.

  • Harish Gunathulasi
    Harish Gunathulasi 17 days ago

    Cash is best and cards are worst

  • Miss Tea
    Miss Tea 18 days ago

    money is just a number

  • Triangle Detecting
    Triangle Detecting 18 days ago

    So they can control people more

  • Steven Chen
    Steven Chen 18 days ago

    lmao. sorry it's only banks and big corporation wants us to go cashless, many of small business like cash. with everything on the net, they can tax you more & make more fee off us all. LOL

  • John McAndrew
    John McAndrew 18 days ago

    Well at least people won't be able to avoid tax.

    • Jaggsta
      Jaggsta 16 days ago

      and if bank closes for any reason you will have wait months to get money back.

  • sara b
    sara b 19 days ago

    People thought the same thing probably when switching from precious metals to useless valueless paper.

  • Ruben Marinho Sanchez
    Ruben Marinho Sanchez 20 days ago +1

    I find their documentaries to be quite bias.

    • H N
      H N 16 days ago

      I bet you find a lot of facts bias

  • DgsTube46
    DgsTube46 20 days ago

    Boy I bet this pisses off the drug dealers

  • Lovelight Paradise
    Lovelight Paradise 20 days ago

    I think it's amazing how such a transition can make those people who valued cash so much lose value in it even though they were JUST glorifying it to the utmost level. Money is just another trend.

  • Aleek91
    Aleek91 20 days ago

    "Forced to save money" made me chuckle. Consumers do more and more tasks themselves, tasks which were done by employees - without seeing a decline in prices. Top CEO bonuses and income is where it ends up. Automation and technology was supposed to make things easier for the everyman, not harder.

  • piet de jong
    piet de jong 20 days ago

    Buy gold & silver bullion.

  • asa felix
    asa felix 20 days ago

    this is already bn used massively in China.its rare to find people usen cash there .

  • Khaleesi Romaerys
    Khaleesi Romaerys 21 day ago

    That Chinese monitoring of people is like a game Watchdogs

  • Khaleesi Romaerys
    Khaleesi Romaerys 21 day ago

    Makes me feel great living in my 3rd world! I still prefer cash and I am 22 years old. Virtual cash, I don't trust at all! Specially programmers and hackers find ways to hack your virtual money! And all your life savings gone in the wind. Lol I don't trust banks. So my money wasn't deposited in them greedy franchise setup scams. I keep it because I trust myself more than them lol

  • Khaleesi Romaerys
    Khaleesi Romaerys 21 day ago +1

    If your account is hacked, good bye to all your virtual cash lol

    • H N
      H N 16 days ago

      Your money is insured by the banks.

  • Gorigori Yasno
    Gorigori Yasno 21 day ago +1

    just wait until electricity goes out

  • Willie Chua
    Willie Chua 21 day ago +1

    I'm worried for hacker. All your $$$ gone :s. I still preferred real cash.

    • UniDeathRaven
      UniDeathRaven 19 days ago

      just buy metals and dont be worry at all.

  • Kuba M
    Kuba M 21 day ago +1

    This is scary. No cash

  • Tino Or
    Tino Or 22 days ago

    try china. alipay and wechat pay...

  • angel p
    angel p 22 days ago

    Yes but if you dont have money in the bank no matter how many cards you have you cant buy anything.

  • Mia DoubleZeroSeven
    Mia DoubleZeroSeven 23 days ago +3

    Too much control, there should always be an option. A dictator could push a button & bankrupt everyone simultaneously. This requires too much trust in a system. There has to be some sort of tangible currency. Closing bank branches aren’t about “saving money”, these people are a test case to see how it goes...then it will spread. The government wants to make sure they tax, trace, & data mine everything. They want to track your every move with your cellphone GPS (The camera & mic can be automatically enabled). If you use a fingerprint and/or facial recognition to access your phone? They have that too. These kids don’t get it, they think it’s cool...but are blind to how vulnerable you are. You are OWNED.
    Convenience is COSTLY....it could cost you your freedom.

    • Michael Dennis
      Michael Dennis 14 days ago +1

      Mia DoubleZeroSeven ,Already has! We'll said!

  • Unicorn Rainbow
    Unicorn Rainbow 23 days ago +6

    no freedom. no privacy. no money. Jail! being watched ! being controlled!. the rich have no problem with this its there idea in the end. killing and keep killing..its okay.

  • vincent tse
    vincent tse 25 days ago

    I prefer both. But I am not hearing wrong. She said that she has to look online to know how much she just paid? Oh my god. Germany has less advance technology on cashless method. They should look at China for this

  • likfrikbik
    likfrikbik 26 days ago

    Bitcoin is future,forget about fiat money.

  • Curran Kemp
    Curran Kemp 26 days ago

    I wish the documentary had talked about negative interest rates. Without cash, it leaves the holders at the mercy of banks wanting customers to pay for their mistake.
    There are other options beside banks for payments, like Bitcoin.

  • Bali Yoga Travel & Retreats

    Scary

  • Parker Harris
    Parker Harris 26 days ago

    Its a sign of the times!! Open your eyes friends, The Lords time is near.

  • Alan Zhang
    Alan Zhang 27 days ago

    You do realise they still keep cash on them....it’s like they never use cash anymore

  • Judy Celestine
    Judy Celestine 28 days ago +3

    A cashless society equals the NWO; aka the Beast System.

    • H N
      H N 16 days ago

      You're a kook

  • Don
    Don 28 days ago

    Sorry to say I am guilty of using my card 99% of the time.

  • Kosovo Albanian
    Kosovo Albanian 28 days ago

    This is how it will be: the gonvernments will forbidd cash totally and after the people will have no more choice than paying digitaly than the Banks i promise will start forcing us paying fees for every payment.
    On the other side While we use a card to pay though we are being monitored on what we are using money on.
    The other consekvense is that if the Banks collapse think were will we get our money saved on that bank?
    I live in Sweden but if the Cash dissapears though i will also leave this country as well.
    I love the system of Switzerland which have a wonderful system & they Love their chash & that's how it should be.

  • JayWalker
    JayWalker 28 days ago

    Well, as foretold in the Holy Bible for end times, you won’t be able to buy or sell without a chip in your hand or forehead! It’s coming people! And if you accept it you’re doomed! 😡😡

  • MrRiffing
    MrRiffing Month ago

    Lol just use Bitcoin?

  • Nalerino
    Nalerino Month ago

    Cash is and always will be, king.

  • Pro-Reviewer
    Pro-Reviewer Month ago

    The ruling politicians will always see which citizen has donated money to the opposition.

  • Pro-Reviewer
    Pro-Reviewer Month ago

    Cashless society is great because every employer will be able to buy a database sold by hackers where he will even see what medication his prospective employees buy, how much wine they buy, how many cigarettes. Considering the skyrocketing scope of ID theft, the poor hackers from Kongo will be able to get richer at the expense of the Sweedish or German sheeple. George Orwell would be happy.

  • Dave White
    Dave White Month ago +2

    This is a good way for a one world Gov't.....to control you and everything!

  • Dave White
    Dave White Month ago

    666 is on it's way.

  • Ashlie Cobain
    Ashlie Cobain Month ago +2

    How are people gonna buy drugs without cash?

    • Michael Dennis
      Michael Dennis 14 days ago

      Ashlie Cobain ,Don't worry they control the dispensery's also! Just swipe your chip and take a big toke of geo bud!

  • Jessica Chen
    Jessica Chen Month ago +1

    This is really scary that we are being watch and control unaware. I wasn’t aware till now and realize it’s true and it been happening around me and I remember once I was thinking withdrawing cash I need to pay for it. So I just rejected

  • DANIEL APPLETON
    DANIEL APPLETON Month ago

    what about street hookers

  • Tuck Hayes
    Tuck Hayes Month ago +1

    if you noticed it's the elderly who say we need cash....the young people say
    YES no cash....nobody said I need some privacy the government does not need to
    know everything I do, they WILL know everything you do, from the food you eat,
    to the movies you like, how much beer you drink. I see things like..your over
    weight you can't have that for dinner, you can't buy this thing you want
    because the powers that be say you can't. I'll stop you from drinking at the
    pub by denying your card, No cake fat boy, no ammo for you, no things unless I
    say it's ok. Stupid people blindly follow whatever the new thing is without
    regard to is anyone watching. If you are put on a list...say you are on a list
    of terrorists or you got a parking ticket..or run a red light..they can shut
    you down, take money out of your account to pay for the light you drove
    through. If you hate freedom this is what you get.oh and enjoy the fees
    involved for using our app. Lol. Slaves that volunteer to be shackled. Oh and if our bank goes tits up, oh well you'll be ok.

  • 蓝色海洋
    蓝色海洋 Month ago

    Depend on how convenient it can provide.

  • paddymickie mickie
    paddymickie mickie Month ago

    I love it when blokes like Mr Scott and like bloke people my age Hey they learned to ride a bike and tie their shoe laces I expect.

  • paddymickie mickie
    paddymickie mickie Month ago +1

    O do come on I’m near 70 and have been cashless for 25 yrs Get over it I carry maybe $100 for emergencies No problem with cashless for me thank you