On this episode of Going Underground, we speak to Brett Scott, author of ‘Cloudmoney: Why the War on Cash Endangers Our Freedom’ and the ‘Altered States of Monetary Consciousness Newsletter’. He discusses why cryptocurrencies in their current form are not a rival to the existing monetary system and actually empower the system, the Conservative fixation on the imagined modern history of gold, the decline of ATMs and the growing control of banks over the monetary system, the myth of fintech ‘democratizing finance’, fintech’s alliance with big finance, the war on cash and why big companies are leading efforts to eliminate cash, the rise of central bank digital currencies, why the power really lies with big US and European firms, and much more.
