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Mark Tilbury — Why ‘they’ want to BAN cash 😳 | Mark Tilbury. Machine-transcribed; use the interactive transcript above to jump the player to any line.
If you have a hundred dollar bill and you spend it at the local takeaway, then that person spends it on groceries. And then that person spends it on new shoes. The hundred dollar bill is still a hundred dollars. But if you pay with car, the bank takes 1.5%, then another 1.5%. And then another 1.5%. After 20 or 30 transactions, the only ones left with the four hundred dollars of the banks. That's why they want to get rid of cash.
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