Klaus Schwab, founder and executive chairman, World Economic Forum (Wikimedia Commons)

(SLAY NEWS) – The World Economic Forum (WEF) is hailing the opportunity presented by the global banking crisis to advance toward its goal of a “cashless society.”

Klaus Schwab’s WEF believes that the recent collapse of several large banks has created an ideal argument for “the end of cash.”

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The WEF has teamed up with key banking elites to present plans for eradicating the traditional monetary system and replacing it with centralized digital cash.

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