This isn't just bad, it's horribly bad, and would be good to be fought tooth and nail! I can't totally speak with knowledge of what it's like in any other country, as USA is my reference point, but here, first they wipe out the housing market, take people's money, have people sign up for loans- get down payments, and robo signed documents, and then, wipe it out. People loosing their life's possibilities, old and younger alike. Then, the banks get bailed out, those that have their life's savings in CD's get...virtually nothing in interest... they wiped it out. But, there is a plan: we'd better up the possibility of EBT: Electronic Benefit Transfers, so that the people can eat and won't whine too much.. (and they won't really pay much attention to what is happening).
So, the wiped out multitudes begin to barter, swap, lower prices, try to help each other out, pull together, and then: here comes the decree from the elite: we had better make EVERY transaction electronic, so we can control this better...
I hope I never see the day cash is gone and all transfers of 'money' is electronic... the implications are phenomenal!