If everything happens according to plan, Denmark will become the first country to outlaw cash transactions.
The idea of eliminating cash was first tested last year in Britain, but now Denmark expresses its desire to use the same cost-saving approach. This step should precede elections in Denmark in September this year.
This step is important, because substantially, it can guarantee secure taxes and stable banking.
However, this kind of change in Denmark can set in motion a ripple effect of dramatic proportions around the world, except if all nations eliminate cash at the same time.
This might be the beginning of Economic Totalitarianism where everyone will need the authorization from the government, whenever they want to buy or sell something. And as it was in Rome, where passports served as a proof of clean records, as a confirmation that a person is free to travel because he doesn’t owe money to the country, the USA is now preparing for the similar move. Whoever owes more than 50,000 dollars to the government, his passport will be cancelled.