# data[].attributes.body
The illustrator is hartgraphic. There is no date provided for this image. This supports my claim because it's a picture of paper cash.

# data[].attributes.body
This video was made by Andrei Jikh in May 22, 2020.

# data[].attributes.body
This video was made by Economics Explained. It was made in August 20, 2020.

# data[].attributes.body
This image was illustrated by Pngtree. There is no date of illustration for this image. This image relates to my topic because it is a picture of cash.

# data[].attributes.body
This image was illustrated by PinClipart.
There is no date of illustration provided. This image relates to my topic because it is a picture of paper money.

# data[].attributes.body
The image was illustrated by Clipartix. No date of illustration is provided. This relates to my topic because it is a picture of cash.

# data[].attributes.body
The illustrator of this image is ONYXprj. There was no date of illustration. It relates to my topic because it shows you money.

# data[].attributes.body
C-The article was published in July 21, 2021
R-The information relates to my topic because it discusses the positives of keeping money.
A-Adam Hayes
A-It doesn't support my claim because It talks about why we should keep money.
P-The purpose of my information is to inform.

# data[].attributes.attachment_link.readable_text
In 2016, the European Central Bank (ECB) announced that it would stop minting €500 notes, in a move that they say is meant to curb fraud and money laundering. The 500 euro note is the second-largest denomination currently across the common euro currency zone, and the ECB says that it is the banknote of choice among criminals.

While the stated purpose was to stop financial crime, others have speculated that this move was part of a recent "war" on cash, essentially with the government trying to get rid of cash and eliminate money from the economy. In a "race to the bottom" to weaken currencies in order to stimulate flagging economies around the globe, we may ultimately see a complete elimination of paper cash in favor of electronic money - not to be confused with digital currency, such as bitcoin, but rather fiat currencies stored as entries in bank accounts.

The "War" on Cash

At the time of ECB's announcement, the number of 500 euro bills in circulation represented over €300 billion, or nearly one-third of all the euro-denominated cash outstanding. Holding on to physical cash is exactly what negative interest rates, as implemented by the ECB and elsewhere, is meant to dis-incentivize. Because it is relatively easy to hoard cash using €500 notes, eliminating them would benefit the central bank by making it increasingly difficult to avoid the negative interest rate policy (NIRP) mandate. Alternatives to hoarding paper money such as physical assets such as gold are much more cumbersome and costly to store and transfer.

Analysts at Bank of America Corp. ( BAC) have also suggested that eliminating high-denomination banknotes can effectively weaken a currency in global foreign exchange markets. Without a high-value euro bill, people who want to hold cash (rather than spend it) will trade in their euros for higher denominations in other currencies, like the 1,000 note Swiss Francs or U.S. $100 bills. If this analysis is correct, scrapping high-denomination notes would also serve the ECB's motives of indirectly weakening the currency so as to boost exports and spur economic growth.

Paper money also makes it easy for people to withdraw large sums of money from their banks, which can be a cause of bank runs in a fractional reserve banking system, and was a big problem during the 2008 financial crisis. If banks have to pay negative interest rates persistently to central banks, they will ultimately have to pass this cost on to their customers. If a bank charges you a negative 1% interest on your deposits, you are much more likely to withdraw your money in the form of cash. Making it harder to effect those large withdrawals will help stabilize the financial sector in such a case.

The European Central Bank is not alone in this recent "war" on cash to eliminate money from circulation. An ex-banking chief in the U.K. has called for a ban on £50 notes in order to "tackle terrorism," and a former CEO of Standard Chartered Bank Peter Sands has gone on the record calling for the $100 bill to be scrapped in America.

Unfortunately, eliminating cash will likely do little to reduce crime as there are multiple ways to circumvent the need for cash, and even worse, cutting off cash may just lead criminal organizations to innovate and use pre-paid gift cards, digital currency, or bank checks to elude law enforcement.

The Bottom Line

The "war" on cash begun with the European Central Bank's proposal to get rid of the 500 euro note and calls for the elimination of the $100 bill in America. While the argument for the move is that these large bills aid in financial crime and terrorism, the ulterior motive may be to make it harder for banks and consumers to avoid negative interest rates by holding on to actual money.

# data[].attributes.attachment_link.description
In 2016, the European Central Bank (ECB) announced that it would stop minting €500 notes, in a move that they say is meant to curb fraud and money laundering. The 500 euro note is the second-largest denomination currently across the common euro currency zone, and the ECB says that it is the banknote of choice among criminals.

# data[].attributes.body
C-The article was published in September 7, 2021
R-It talks about how getting rid of cash is the right choice.
A- Leigh Beeson is the publisher of this article.
A-It supports my claim because it talks about why we should get rid of paper money.
P-The purpose of this article is to Inform

# data[].attributes.attachment_link.title
Eliminating cash could benefit average U.S. families

# data[].attributes.attachment_link.description
A new study from the University of Georgia shows income tax cuts could offset the cost of giving up physical currency.

# data[].attributes.body
C-The article was published in October 29, 2021
R-Talks about the positives and negatives of a cashless society
A-Justin Pritchard
A-It is against my claim because it discusses the negatives of not having cash.
P-The purpose of this information is to inform

# data[].attributes.body
C- The article was published in February 2021
R-The article talks about all the different factors and reasons in why we should get rid of paper money.
A-Published by Mackenzie Carro
A-The information supports my claim because it talks about why we should get rid of paper money.
P- The purpose of the information is to persuade

# data[].attributes.attachment_link.description
Cash seems to be on its way out. Is that a good thing?

# data[].attributes.body
C-The article was published in April 7, 2014
R- The information talked about in this article discusses the dirtiness of paper money as do I.
A- The publisher is Richard W. Rahn
A- This supports my claim because it talks about the reasons to get rid of paper money.
P- The purpose of the information is to inform.

# data[].attributes.attachment_link.readable_text
Governments like electronic money payment systems that they can monitor, such as credit cards, but they don't like nongovernment created electronic monies and payment systems that they find difficult to monitor like bitcoin. So, predictably, last week the IRS ruled that bitcoin is not money, thus the users must report the capital gain and loss against the U.S. dollar for each transaction made with bitcoins. Even with advanced software, an individual who might use bitcoins for the purchase of many goods and services will find trying to comply with the IRS an accounting nightmare.

Some 15 years ago, I wrote a book forecasting the demise of paper currency. I expected paper currency to gradually disappear like paper checks have. However, I was wrong. Rather than disappearing, the demand for paper currency is rising faster than inflation or population, albeit not by much, but the total quantity of paper U.S. dollars in circulation is roughly double what it was a dozen years ago. The question is: Why?

One reason given for the decline in street crime is that individuals and small merchants tend to carry less paper cash on their person as they rely more and more on the various forms of electronic payment systems - thus reducing the supply of easy‐​to‐​steal paper currency by petty criminals.

Yet, at the same time, paper‐​currency balances per person are rising rapidly, which means that most people are keeping larger and larger cash hoards at their homes or offices, or elsewhere.

Despite its considerable drawbacks, paper currency has a couple of very important advantages over other forms of money. It is anonymous - meaning you can keep your spending confidential - which almost all people like to do at times, both for good and bad reasons. Most electronic money must be held by a third‐​party custodian - such as a bank, merchant, or cellphone company, and hence is easily liable to seizure by government agencies or other electronically sophisticated miscreants.

In an age where the IRS and various other government agencies have "asset‐​forfeiture" powers, they can seize bank accounts before one is convicted of any wrongdoing. Therefore, people have a real and justified fear of having all of their cash in the bank.

The global anti‐​money laundering police with their ever increasing "know‐​your‐​customer regulations" have made it much more expensive for banks and other financial institutions to provide basic financial services, such as checking and savings accounts. As the costs of servicing each account rises because of government regulations, banks understandably require larger and larger minimum balances and more and more documentation from each customer, all of which causes a reduction in the number of potential customers who meet the new requirements.

Those who cannot meet the new requirements (most often, the young and the poor) go unbanked. Without a bank account, people cannot get credit cards.

Obtaining airline tickets, hotel rooms, auto rentals, etc., is most difficult for those who do not have bank accounts and bank‐​issued credit cards. By necessity, those without bank accounts are driven into the cash economy, where their paper currency is hard to protect and often stolen.

Politicians and regulators love to grandstand about how their regulations are preventing tax evasion, money laundering, drug dealing and terrorist finance. In fact, many studies show that most of the regulations are ineffective and only serve to benefit those who write the regulations, compliance officers in financial firms, lawyers, accountants and, of course, the politicians who extort campaign contributions from those who are regulated.

The truth of the matter is that those who come up with the regulations are responsible for more diseases being spread (from paper currency), more people being robbed, higher costs and fewer services for everyone who uses financial services, and a more difficult and dangerous life for the poor and the young.

The rise in the use of paper currencies is a direct result of overly intrusive and abusive government. If governments were benevolent and respected individual property and privacy, most paper currency would disappear - and that would be all to the good.

# data[].attributes.attachment_link.description
Governments like electronic money payment systems that they can monitor, such as credit cards, but they don't like nongovernment created electronic monies and payment systems that they find difficult to monitor like bitcoin. So, predictably, last week the IRS ruled that bitcoin is not money, thus the users must report the capital gain and loss against the U.S.