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Swedish Central Banks Want To Remove Cash From Society

Prepper News

Swedish Central Banks Want To Remove Cash From Society

  • Swedish Central banks look to turn country into ‘cashless society’
  • This could potentially expose Swedes to severe risk during wars, doomsday, modern fraud
  • Government tracking would be heightened
  • 70% of Swedes do not want this to happen

There are a number of various human needs that, when controlled, can be used to subjugate the masses. Food and water are two of those vital needs that if controlled by, say, a government entity, can be used to create a slave nation. Certainly, such a concept is easy to understand even without having seen Mad Max Fury Road.

But what about currency? Most people, preppers, and survivalists included, simply forget about the precarious nature of cash. Experienced preppers often keep cash in a safe for emergencies, which makes sense because if the power grid fails, your trusty ATM card becomes useless plastic. If the power grid collapses and you are without cash, you are then unable to make food and water purchases.

That’s why people in Sweden are now sounding the alarms after their government’s central banking system has asserted for complete power over all things payment. This would essentially move citizens in Sweden into a “cashless society.”

What could go wrong?

cashless society sweden

A cashless society would make scenarios of war, failed power grids, and doomsday, even worse on regular citizens

Well, a whole lot, actually. So much of this begins and ends with a country’s relationship with its government. How much that government is trusted by the people can allow it to move into more and more positions of power. Eventually, trust is less relevant because it’s been replaced with authoritarian powers.

The people of Sweden trust their government – a lot; but do they trust them enough to go into a cashless era that could lead to rampant fraud and would leave them high and dry if the SHTF were to happen?

Some Swedes, even ones in high places, are waking up to the incredible public risk that would be assumed if such currency control were to be handed over to the government.

Last February, Stefan Ingves, who heads Riksbank, a prominent Swedish bank, requested new legislation which would secure public control over the payments system. The basis for his request is his claim that such a move would be for the “collective good.” Clearly, Ingves “gets it,” to say the very least.

“Most citizens would feel uncomfortable to surrender these social functions to private companies,” he said, according to The Guardian.

“It should be obvious that Sweden’s preparedness would be weakened if, in a serious crisis or war, we had not decided in advance how households and companies would pay for fuel, supplies and other necessities.”

Björn Eriksson, former national police commissioner and the leader of a group called the Cash Rebellion, has often been labeled as a technology hater due to his feelings on matters such as “cashless societies.” Like Ingves, he’s strongly opposed to such a concept for similar reasons.

“When you have a fully digital system you have no weapon to defend yourself if someone turns it off,” he says.

Eriksson is 72 years old, which critics use against him claiming he simply doesn’t understand the path of modern society. But it would appear that Eriksson has his stance exactly right. He even cites a hypothetical example over the matter.

“If Putin invades Gotland [Sweden’s largest island] it will be enough for him to turn off the payments system. No other country would even think about taking these sorts of risks, they would demand some sort of analogue system.”

Cashless Societies Are Models Which Enslave Citizens

If any country puts all their trust in a central banking system, they essentially become slaves to that system. If the grid goes down, or Russia invades, the citizens are left in two potential scenarios, both of which are deadly:

  1. They are enslaved by the government who provides them with food, water, supplies, based on their earned merits.
  2. They are left out in the cold with no currency to use for food, water, supplies.

Clearly, we believe in prepping for long-term food storage, survival water filters, back up water bottles, SHTF guns, and so much more, but that isn’t to say that lack of currency would be a non-issue even if you took care of all that prepping.  Having MRE Meals and a bug out bag can get you through an initial period of doom and gloom and the long-term strategy in the aforementioned sentence can certainly increase the odds you survive for a longer haul, however, cash would be the immediate relevant, practical currency. Without it, many unprepared people would be immediately thrust into chaos and desperation.

Most people are simply not prepared and their access to hard cash would be their only method for survival. Sure, ammo would likely become currency, as would other goods, but cash would still likely dominate as currency in a doomsday scenario.

Additionally, Swedes would be further exposed to the growing threat of technology fraud. Just because this is a prepper news site shouldn’t translate into you thinking we hate technology, it is quite the opposite. However, planting a currency system 100% in control of central banks based on 100% technology exposes an entire country and its citizens to reasonable risks.

Two major Swedish banks have already come under public scrutiny for technological glitches. In fact, many Swedes have been hustled out of their retirement pensions due to scams involving more technology savvy criminals.

Most Swedes Do Not Want a Cashless Society

The good news is that 70% of Swedes ‘get it,’ and are opposed to the government forcing them into cashless life. Swedish Parliament is now reviewing the potential change to cashless currency.

Sweden also has what’s known as The Pirate Party fighting for their rights.

Cashless Payments Allow Governments To Track You

Using only technology-driven payments also enables one more terrifying ability. The government can literally track every payment a person has ever made. While on paper this sounds somewhat irrelevant, or maybe even a positive attribute, it is, in fact, a terrible way forward. What if the government decides to make laws that are unjust, it would be easy for them to mark those who’ve participated in the activity. Ban all guns, no one can buy guns without being tracked. It is the same with issues surrounding abortion, marijuana, and so much more.

We can’t, in good faith and of an intelligent mind, turn over our access to currency to the government’s control. The consequences could be dire.


Author: Jim Satney

PrepForThat’s Editor and lead writer for political, survival, and weather categories.

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