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C.H.BECK
Susanne Simor
Original language
German
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The End of Money as we Know it

Alexander Hagelüken

The assault on interest, cash and national currencies

Cash, interest for savers, purely national currencies: Centuries-old certainties of money are suddenly passé. Those who save, now pay for it. Coins and notes are disappearing, and soon also crypto-currencies, which compete with state money.

Alexander Hagelüken shows the forces driving these developments, how the corona pandemic is forcing a worldwide shift away from the usual money traffic and what we have to prepare for in the near future. A wake-up call for all those who care about their money.

Shops without cash desk, where you pay by facial recognition. Accounts, in which zero interest rates shrink savings. Global corporations such as Facebook, Amazon or Alibaba, which siphon off intimate data or launch their own currencies, with which one loses money ... What sounds like a nightmare is gradually becoming reality. Based on data from many countries and discussions with international experts, the book reveals how radically the character of money is changing. Alexander Hagelüken exposes myths about the actions of central banks, shows the danger of new financial crises and describes how digital companies are increasingly gaining power over our lives. The author says what politicians have to do to prevent the worst from happening, and above all: how each individual can protect himself or herself from creeping expropriation and surveillance.

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Published by C.H.Beck

Main content page count: 192 Pages