Why You Shouldn’t Wage a War on Cash


Love Cash

I know this is not my place of expertise, but I have debated this subject on numerous occasions.

David Edelman (McKinsey partner leading Digital Mktng Strategy Practice) wrote an article on11-June-2013 titled “Why You Should Wage a War on Cash“. So I decided to take this chance to reply with these points:

  • Possibility for the Bankers to Manipulate the Amount of Money on Circulation:

Should we really trust bankers?

  • “Big Brother” Surveillance:

If all money was digital, governments would be able to drain the funds of any “undesirables”, and if all money was digital, do you think we would see the Arab spring and the fall of the dictators?

  • Natural Disasters:

Should a natural disaster happen like 2010 Haiti earthquake and Fukushima Daiichi nuclear disaster, what would people do when they can’t use anything digital?

  • Psychological:

Cash is Cash, the feel of it, counting it, seeing it makes people at ease.

  • Privacy:

I don’t want my name to appear in any list for advertisement because I bought something, I don’t want to be harassed.

  • Savings Disaster:

I actually tried this on myself and friends, I found that when I take all my salary as cash and pay for anything cash, I save more than when I left it in my bank account, and did everything electronically.

  • Identity Theft:

You think it is a hassle now!

And finally, what is in it for me? other than “comfort”

About HamadJ87

Diverse Human Resources experience spanning semi-government, startups, business consulting, oil/gas, petrochemicals and multinational corporations. Deep understanding of multiple sectors of economy. Drives business performance, people and culture change, and transformation initiatives through encouragement and empowerment, and human capital management expertise. Leverages best practices, and regional experience to identify challenges to deliver sustained results. He has experience in business development strategies and corporate policies by: • Planning and managing working capital and general budgets. • Development of management transformation strategies. • Applying the latest global practices in planning organizational structures and human resources strategies. • Develop global human resources mechanisms and systems Education & Certifications: • Certified Trainer by Center for Creative Leadership • Certified in Change Management from Prosci • Certified from KornFerry in TalentQ Assessments and Job Evaluations • Associate CIPD Member • Bachelor degree in Psychology • Associate degree in Computer Science

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