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Denmark goes cashless: it’s not about money, it’s all about freedom of choice – The World Reporter
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Denmark Cashless Freedom

Denmark’s government led by Lars Løkke Rasmussen is shortly to implement a string of economic measures to revive its European low-inflation, low-growth economy. But several political scientists and whistle-blowers have pointed out that one of these economic measures isn’t economic, it’s political. The measure will miss its goal of increasing performance and place citizens exclusively under state control. It’s the killing of cash.

The reason invoked is that cash is expensive to handle, an outdated way of doing business. Which, in all fairness, stands to reason. The management relative to currency is spread out between central banks (which creates [1] the money), private banks (which distribute it), private secure cash transferring companies (which move it), and some security agencies (which monitor it). So, that does indeed represent quite a large amount of work the Danish central bank would like to dismiss, in order to modernize its economy.

But that’s missing the forest for the trees. The point of money has never been money. The one single point of cash is freedom. It’s the ability for a Dane (or any other) to go around and do his business without having a bank, or a state agency controlling what he bought, where, when, and from whom. It’s a balancing point for the ever-growing power of the state. If states are given absolute control, it is only a matter of time before dictatorship quietly installs. And with ever-growing numbers of laws passed – a concept known as legislative inflation – with every purchase, citizens are running a higher risk of being held accountable by courts.

And it gets worse. The deletion of cash wouldn’t only allow banking and public authorities in Denmark to monitor and control transactions after they’ve occurred. The hidden agenda of the move is to force citizens to spend, in other words to control spending before it even happens. Because people have a natural inclination to save money for a rainy day, they keep part of their earnings in cash or at the bank, where they generate interest. Because this money isn’t being spent, it isn’t generating tax revenue – something just about every European country is desperate for.

The Danish central bank therefore had the idea of negative interest rates: instead of earning interest at the bank, Danes lose a fraction of their capital. As Sean Farrel described, regarding Japan which has also opted for negative interest rates, “instead of earning interest on money left with the BoJ, banks are charged to park their cash. The idea is that instead of depositing money with the central bank or each other, they lend it to businesses and consumers. Banks may also cut deposit rates paid to customers, encouraging them to spend or invest instead of earning low or negative returns.”

So, the obvious choice would lead them to pull their money out under the form of cash (but that would do the government no good), or spend it. Without cash, there would be only one (fiscally profitable) option. Anti-consumerism, which is quite popular [2] in Denmark, is therefore about to receive a crushing blow, as consumption will soon become mandatory. As always, freedom fighters and libertarians will arise, but they will be fined for not spending. In the case of Japan, a 0.1 penalty is applied to deposits, which has led to a sharp increase in cash withdrawals from banks.

For the moment, there seems to be little opposition to this measure, within the Danish population. “Using cash is expensive, because it takes time for salaried employees to handle, and it’s also a security concern. Carrying cash opens you up to attack and even though we have relatively low levels of violent crime in Denmark, this is something business owners and employees tell us they worry about”, reported [3] the Danish chamber of commerce. Today, 6% of Danes use cash regularly, compared to 30 or 40% of their German neighbors.

As it is unlikely that Danes are fond of dictatorships, it’s a safer bet that this quiet consent is more the result of unawareness than genuine adhesion. Whistleblowers are trying to raise awareness on the matter, because such power grabs are historically known as irreversible. Once the state will have suppressed cash and established absolute power over its own economy, the Danes will not get their share back, as they will no longer have any power to force the state to hand back some of the power. Writer known as “Tyler Durden”, from Zero Hedge, warns [4] “The War on Cash is a favorite pet project of the economic central planners. They want to eliminate hand-to-hand currency so that governments can document, control, and tax everything. This is why they’re lowering the threshold for mandatory reporting of cash transactions and, in some instances, simply making it illegal to pay cash […] “The cashless society is the IRS’s dream: total knowledge of, and control over, the finances of every single American.”

The shift doesn’t concern only Denmark, but the entire Scandinavian area. Finland, Sweden and Norway have similar economies, with low resort to cash currency, and are also considering making the move. If those countries were to carry out the reform, the entire north of Europe would see its populations fall under complete economic control of its states. And as long as these states are run by the current class of politicians, the tyranny will be soft and silent. But when the next European bully comes to power, it will be a very different matter.

1) http://www.madehow.com/Volume-3/Paper-Currency.html
2) https://engagedintellectual.wordpress.com/2008/02/18/learning-from-denmark-rethinking-compulsive-consumerism-and-the-american-dream/
3) http://www.theguardian.com/world/2015/may/14/no-wallet-no-worries-denmark-considering-cash-free-shops
4) http://www.zerohedge.com/news/2015-11-18/worlds-first-cashless-society-here-totalitarians-dream-come-true

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Employee Training and Development Becomes One of the Most Disruptive Megatrends That Is Shaping the Future of Work

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There is no question about the effectiveness of employee training and development. It’s incredibly important to help your staff advance their skills and knowledge to help grow a business, but the impact of employee learning has often been understated and even neglected. However, companies are now suggesting that employee training and development is one of the biggest megatrends that have completely transformed the future of work. It has overhauled how businesses should be developing and engaging with employees, and it’s leading to an incredibly diverse and talented workforce that is capable of wonderful new things.

Part of the problem of employee training and development is that it’s difficult to measure its impact on the workplace. Employee performance often isn’t a quantitative measurement that is easy to read and link to their output. This is one of the reasons why the effectiveness of employee training and development has been questioned by management experts.

Thankfully, new strategies have been developed to help measure workplace learning and its impact on companies. Below, we’ve included a helpful infographic that covers some of the most important measurements, such as return on investment and how it is calculated in the context of employee learning and development. It should put the effectiveness of employee training into perspective and will help you better understand when training is needed and how development actually improves your business and its productivity.


Infographic by: Ezra Coaching
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Top 10 Simple Health Changes To Boost Your Well-Being

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It does not matter how old you are, where you live, or what your occupation is, your health should always be a top priority. However, most of us are a little bit guilty of letting our well-being slide from time to time. With that being said, read on to discover some of the simple ways you can give your health a boost today.

  1. Get rid of at least one item in your life that contains toxic chemicals – You may be shocked by just how many items in your life contain toxic chemicals. This includes everything from air fresheners to bed sheets. Get rid of one of these items and replace it with something natural instead. This is something you should make a habit to do every few months or so. You will be surprised by just how much of a difference this can make. 
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  10. Keep a journal – Last but not least, keeping a journal is good for a person’s mental health. You should write down your thoughts. It doesn’t need to be a long entry; you can simply jot down a few bullet points every evening. This will help you to articulate your thoughts so that they do not wear you down. After all, it can be very difficult to sleep if you have lots on your mind. A lot of experts advise this approach for people who suffer from insomnia. One of the main reasons why a lot of people struggle to get the hours of sleep they need is because they cannot shut off when they go to sleep; their minds are still going at a million miles per hour. They are thinking about what they need to do the following day and any worries or concerns that they may have. Because of this, it very much makes sense to keep a journal so you can offload some of these thoughts and worries and you can have a much more restful night of sleep. Once you get into the habit of doing this, you will see that it actually does make a significant difference when it comes to drifting off and enjoying a good night of rest. 

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Income From Day One

One of the downsides of starting a business is that most start-ups will go through an early stage where they don’t make much, if any, money. For some entrepreneurs, this stage can last for several years. 

During this stage, you will need to pay out for things like your premises, as well as equipment, installation of equipment, stock, materials, fixtures and fittings, legal and professional fees, a license, uniforms, and more. 

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Established Brand

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Instant Customer Access

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Established Network Of Contacts

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All businesses need to have supplier and marketing contacts, so buying an existing business that already has those contacts in place allows you to hit the ground running.

Like money lenders, suppliers and marketing companies are more likely to offer you more favourable terms if your business has been around for a while and they know it.  

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On the other hand, when you take over a business that is already established, you’ll be freer to focus on the areas of the business that most need your attention, aiding the growth of the business as a whole. 

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