Marc Faber Warns of Orwellian Push for a Cashless Economy
Internationally renowned financial forecaster Marc Faber appeared as a special guest on our latest Money Metals podcast.
The following is an excerpt from our exclusive interview with him:
You have a group of people that want to have more and more control over you and me. They want to know where you are, what you do, what you're looking at. Basically, we're moving into an Orwellian society where they can check everything. And cash will still be one of the means where you could go somewhere and buy something and nobody would really know about it. Now they want to abolish it.
Of course, if you have negative interest rates, you want to essentially prevent people from hoarding bank notes at their safes at no cost. So you want to deprive them of that privilege, of that freedom. So you introduce a cashless society.
Listen to the full interview or read the transcript here.