25/11/2022
I am extremely thankful our little pub is flying here at the moment but card usage is now over 80% of all the money we take in. We cant pay our musicians and handymen and a few other little bits and pieces by revolut or bank transfer. Please bear this in mind when buying local or shopping at a small business over the Christmas🙂👍🇮🇪🎶
The reason cash was created was to be able to exchange value and remove the old inconvenience of barter.
If I have a €50 note in my pocket and I go to a restaurant and pay for dinner with it. The restaurant owner then uses the bill to pay for the laundry. The laundry owner then uses the note to pay the butcher. The butcher will then use the bill for shopping. After an unlimited number of payments, it will still remain a €50 note, which has fulfilled its purpose to everyone who used it as payment/exchange of value and the bank hasnt been involved in any cash payment transaction made..
But if I come to a restaurant and pay for dinner digitally, the get bank fees for my payment transaction charged to the seller are 3%, so around €1.50 and so will the fee €1.50 for each further payment transaction or owner re laundry or payments of the owner of the laundry shop, or payments of the butcher etc..... Therefore, after 30 transactions, the initial €50 will remain only €5 to the people /person and the remaining €45 became the property of the bank thanks to all digital transactions and fees.
CBDC’s ( Central Bank Digital Currencies) is literally a new slavery system about to be rolled out. With CBDC’s money becomes more like vouchers rather than money because they decide what you can or can’t buy with YOUR MONEY, also CBDC’s will have a use by date to stop you from being able to save up so you can’t get ahead.
BOYCOTT CBDC’S Central Bank Digital Currencies and get back to using CASH
Advice: Take as much of your wages out in cash at ATM each week and live off that with privacy & freedom. Leave as little as possible in the bank to cover online purchases or some bills. Banks & Governments have forgotten who is boss, they work for the people not the other way around. Banks can wipe your bank account at any time with the click of a button these days so get smart now 💶