Transcript of the above video: 

A viewer on this channel sent me an email with what I'm going to go ahead and cite here. It appears that again this trend of trying to get everybody cashless, trying to get everybody on this digital payment system, basically to put us all on a totalitarian control grid continues. It looks like now this thing is coming up in Indonesia. I had a viewer send me this by email, sent me this link, it's from thenightly.com.au, the article is titled: Aussie Tourists in Bali face big changes as Indonesia announces new cashless system. Quoting directly: "Australian tourists heading off to Bali and Indonesia are about to face a huge change as the country moves toward a new system for doing just about everything. Bank Indonesia has just announced they are launching a new digital payment system for tourists travelling to the countries' destinations as they begin to push toward a cashless society. The new Indonesia Tourist Travel Pack is being rolled out at Bali's Gusti Ngurah Rai international airport, with travellers able to set up and access Indonesian SIM cards with mobile data and phone numbers, as well as chip-based electronic money through an e-wallet. This system will also help tourists funnel into the Quick Response Code Indonesian Standard (QRIS) system, which enables cashless payments made through QR-code scanning and prepaid e-wallets, according to the Bali Sun."

Why? A prepaid e-wallet. People can just show up with cash. What is the big reason for all of this? Where's the convenience? Why? Quoting further: "The Deputy Governor of Bank Indonesia, Fillianingsh Hendarta set the new Indonesia Tourist Travel Pack will provide an "ease of transactions" which is an "important part of the tourist experience in Bali."

Why is it the tourist experience in Bali to deal with the totalitarian payment token. And meanwhile, how does it ease transactions? They've been saying this across the board when this comes up. How? If you just have cash in your hand and you hand it to somebody, and they give you whatever you're buying back, that's pretty easy. Why does going through a digital thing, through your phone, that may or may not work, that may or may not interact correctly with the other phone and things, why is that considered just de facto easier to deal with? It's kind of a ridiculous presupposition. Meanwhile, the article does go on to note, and I urge those who are watching this video go check out thenightly.com.au, the article goes on to note that yeah, they are still going to have cash around; they'll still be using it, they're just pushing people or nudging people onto this e-wallet system and such.

Again, I sort of understand from the standpoint of maybe they are wanting to streamline things for people, make it a little easier. But again, as we've seen here in Thailand, everything that's digitized, the banking system, they tried to do the Digital Wallet here in Thailand; that thing turned out to be a giant boondoggle. I mean it was going to be a thing where the country went into roughly 20 or 30% more debt-to-GDP ratio and then it was going to be money that could be programmable - turned on and off - they could tell you what you could and couldn't buy, give you a perimeter under which you could buy using those tokens. I don't know what Indonesia is going to do. I'm not overly familiar with anything really going on in Indonesia. I mostly am making this video to note the trend further of all of this cashless stuff. Unfortunately here in Southeast Asia it seems to be somewhat continuing.

Again here in Thailand the Digital Wallet did not come off, and I think Thais are very, very well aware that look this Digital Money and this e-Money and all of this, it's a Trojan Horse. It's not designed to really help, and it looks like if anything it's designed to track and trace and give us no privacy in our financial transactions which seems to be its function. 

That being said, whether or not they ultimately get this stuff rolled out for usage remains to be seen. I know in Thailand they tried something similar that the foreigners were supposed to use. I haven't talked to anybody that's been using this thing. I did a video on it; they were talking about it would be like a bitcoin wallet or something. it didn't end up, to the best of my knowledge I haven't heard of anybody using it or adopting it for usage in any great broad swath of humanity doing that. That said, it remains to be seen and we will certainly keep you updated on this channel as the situation evolves.