Questions and Answers
What was Else Knutsdatter accused of?
Using witchcraft to raise an ocean storm
How many others were executed for conspiring to produce the same storm?
Ninety
What does the author advocate for in relation to the physical cash system?
Protection and promotion of physical notes and coins
What false just-so story does the author point out in the book 'Cloudmoney: Why the War on Cash Endangers Our Freedom'?
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What has driven the rise of cashless society?
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What did the COVID-19 outbreak lead to in terms of cash use?
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What are central banks exploring as a solution to maintain public access to government money without disrupting the automation agenda?
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What does CBDC create competition for?
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What has sparked a new wave of pro-cash activism?
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What conspiracy theories have emerged around the push for a cashless society?
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What has spurred the new wave of pro-cash activism?
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What are capitalism's contradictions evident in?
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What is the main concern of libertarians and social conservatives with the rise of cashless society?
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What is the potential impact of central bank digital currency (CBDC) on the banking sector?
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What did the COVID-19 outbreak provide for companies in terms of automation plans?
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What are central banks exploring as a solution to maintain public access to government money without disrupting the automation agenda?
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What has allowed libertarians to reframe the narrative of cashless society?
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What has been used to limit the choices of welfare recipients in Australia?
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What has led to the spread of Right-wing ideas among people who previously considered themselves Leftists?
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What has the new Right appropriated in its language and sentiments?
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What has Russell Brand's shift to libertarian language and topics signaled?
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What conspiracy theory involves digital IDs, 5G technology, vaccines, COVID-19 passports, and CBDCs?
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What is the 'Great Reset'?
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What is driving the decline of cash according to banks and fintech companies?
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Who froze the bank accounts of the 2022 anti-vax 'Freedom Convoy' truckers?
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What is the primary driving force behind the push towards greater automation according to the text?
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Who is primarily targeted as the beneficiary of 'going cashless' according to the text?
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What is the nature of the monetary system's hybrid according to the text?
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What industry is mentioned as tentatively testing cashless stores in certain locations?
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What is emphasized by left-wing thinkers according to the text?
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What is the main concern raised regarding the 'invisible hand' according to the text?
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What is the primary concern regarding the decline of cash according to the text?
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What is the role of big retailers like Tesco in the cashless society according to the text?
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What is the nature of the alliance between hipster cafés and Big Finance, Big Tech, Visa, and Mastercard according to the text?
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What is the driving force behind the norm of refusing cash in the airline industry according to the text?
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What is the primary concern raised about the push towards a cashless society?
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Who benefits massively from the digitization hype according to the text?
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What is the primary impact of each tap of a contactless card or digital payment according to the text?
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What is the driving force behind the norm of refusing cash in the airline industry according to the text?
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What is the primary concern about the closure of physical branches and removal of ATMs according to the text?
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What is the primary impact of the global economic system's complex webs of interdependency according to the text?
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What is the nature of the alliance between hipster cafés and big finance, big tech, Visa, and Mastercard according to the text?
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What is the primary driving force behind the rise of cashless society according to the text?
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What is the main concern raised about the decline of cash according to the text?
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What is the primary impact of the fixation on digitization according to the text?
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What is the potential impact of central bank digital currency (CBDC) on the banking sector according to the text?
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What is the primary impact of the dominant stories about digital progress according to the text?
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What is a key motivation for promoting a cashless society?
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Who benefits massively from the hype around digitization?
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What does a tap of a contactless card or digital payment trigger banks to do?
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Which entities are identified as big beneficiaries of payments privatization?
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What does the fixation on digitization extend the power of?
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What are concerns about digital enclosure and surveillance finding?
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How is the global economic system maintained according to the text?
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What is being turned against by corporates due to its incompatibility with digital infrastructures?
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What coerces individuals away from using cash?
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How is the prevailing systemic logic of expansion and acceleration maintained?
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What are some examples of feedback loops maintaining the prevailing systemic logic?
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What is the cashless society considered as, according to the text?
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Study Notes
The Cashless Society: A Systemic Takeover
- Public and private sector leaders promote a digital transition driven by speed, convenience, and interconnection
- Finance and tech sectors benefit massively from the digitization hype
- Cashless society is a form of privatization transferring power over payments to the banking sector
- Each tap of a contactless card or digital payment triggers banks to move digital casino chips, giving them power, revenue, and data
- Visa, Mastercard, and the banking sector are big beneficiaries of payments privatization
- The fixation on digitization extends the power of corporate behemoths like Amazon
- Concerns about digital enclosure and surveillance find widespread expression on social media
- The dominant stories about digital progress are part of a larger systemic ideology
- The global economic system works through complex webs of interdependency, pressuring expansion and acceleration
- Cash has historically facilitated the growth of large firms, but it is now being turned against by corporates due to its incompatibility with digital infrastructures
- The systemic recalibration coerces individuals away from using cash, driven by processes beyond their control
- The prevailing systemic logic of expansion and acceleration is maintained through a series of feedback loops, including the closure of physical branches, the removal of ATMs, and the nudging of small businesses towards digital finance
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