A Cashless Society Approaches

Posted by $ Olduglycarl 9 years ago to Economics
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Here are a few excerpts below; but my question is what happens when the lights go out...I mean...OUT for a long time...this is Not chicken little stuff...as we always have been but especially over the next 15/20 years...it is very likely that the whole global grid will go down...so...what cha gona do then?
It's just like the governments, the kakistocracies, to not look ahead for possible disruptions...

"Not everyone is cheering. Alderman noted that Sweden's embrace of electronic payments has alarmed consumer organizations and critics who warn of a rising threat to privacy and increased vulnerability to sophisticated Internet crimes."

"It might be trendy," said Bjorn Eriksson, a former director of the Swedish police force and former president of Interpol. "But there are all sorts of risks when a society starts to go cashless."

Despite the conveniences, even some who stand to gain from a cashless society see drawbacks. According to Jacob de Geer, a founder of iZettle which makes a mobile-powered card reader: "...But Big Brother can watch exactly what you're doing if you purchase things only electronically".

He concluded: "Liberty will be non-existent. However, it will be sold to us as expedient simplicity itself, freeing us from crime: Fascism with a friendly face. Perhaps the scariest consequence of all is that an individual can be "terminated" by a bureaucrat erasing his identity. Do not kid yourself, it will happen. Real 'Mark of the Beast' stuff".


All Comments

  • Posted by LibertyBelle 9 years ago in reply to this comment.
    I have thought that if I were running a grocery su-
    permarket I would have segregated lines: separat lines for people paying with cash; maybe one line for cash, one for checks and one for credit cards.(Of course, now I use a plastic SNAP card to get food until it runs out for the
    month; the store clerk has me swipe it in a ma-
    chine, then punch in a PIN number, then it's ap-
    proved and I get my food).
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  • Posted by LibertyBelle 9 years ago in reply to this comment.
    Shy not? Of course, paper bills are easier to han-
    dle and to carry around, which is fine when they
    are backed up by metal, but if they are not going to
    be, maybe we should just return to gold and silver
    coinage.
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  • Posted by LibertyBelle 9 years ago
    Do we have to stand for this?!--Cash can't be just
    made to disappear over the Internet. It can't be
    just wiped out like a bank account. Isn't there some
    way we can make it stay around?
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  • Posted by $ blarman 9 years ago
    One of the things that is very interesting to me was a psychological study that identified that paying for things with cash was mentally/psychologically painful: http://jcr.oxfordjournals.org/content.... What this meant is that when one pays for an item using cash, one is quite literally painfully aware of the effort it took to acquire that cash and therefore that the purchase is more meaningful. When one pays for an item using credit, on the other hand, there is no trigger in the brain that associates that decision with its real meaning in terms of effort.

    In shorthand, paying with cash means more than paying with credit and those who rely on credit (and to some degree virtual funds) don't place the same value on money that those who pay with cash do. Explains an awful lot in this world, if you ask me.
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  • Posted by plusaf 9 years ago in reply to this comment.
    So hoarding cash or precious metals is the most effective way to attack the Root Cause off government's powers to shut off my money if I'm not using cash?

    Hmmmm Interesting logic and 'solution.' [not]
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  • Posted by $ MichaelAarethun 9 years ago
    Int he address line the letters KAGI pop up when moving to this topic. Anything to do with Oregon?
    Reply | Permalink  
  • Posted by term2 9 years ago in reply to this comment.
    I didnt imply that hoarding cash or precious metals attacks the root cause of government's powers, but it does permit individuals to survive in spite of the government's power to cut off banking services. Imagine if you didnt hoard a bit of wealth and the government allowed you to use only $100 a day or less because of some sort of banking emergency.

    If people did in fact find some way to avoid the banks and the fiat currency (dollars), and trade amonst themselves, THAT might have a significant effect on the ability of the government to exert control over citizens.

    Attacking the "root cause" as you mention is going to be dependent on a complete philosophical revolution, which is going to take longer than I have left on this earth, and probably longer than you have left too.
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  • Posted by plusaf 9 years ago in reply to this comment.
    So hoarding cash or precious metals is the most effective way to attack the Root Cause off government's powers to shut off my money if I'm not using cash?

    Hmmmm Interesting logic and 'solution.' [not]
    Reply | Permalink  
  • Posted by term2 9 years ago in reply to this comment.
    Makes the bank of the pvc pipe buried in the back yard quietly a lot more attractive !!
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  • Posted by $ Thoritsu 9 years ago in reply to this comment.
    There is nothing quite like a judo chop, during a confused open mouth stare. Just like cows when they get the air gun.
    Reply | Permalink  
  • Posted by $ 9 years ago in reply to this comment.
    Maybe you could get Jesse Waters of Waters World to do this petitioning for you...then when they don't get it...you come in with an appropriate Judo chop!
    ...enjoying a good laugh picturing this in the right hemisphere of my brain.
    Reply | Permalink  
  • Posted by $ Thoritsu 9 years ago in reply to this comment.
    I am up for suggestions. Being a soccer and judo player, tripping is pretty natural, but perhaps inadequately venomous. Perhaps detaining them for an equivalent waste of time would send a message.
    "Excuse me sir/maam. I was wondering if I could have a moment of your time to consider this petition. It is to penalize the rich banks for their credit/debit card policies. You see, they allow their cards to be used for all size transactions. Isn't it amazing? I know... They allow little smug pukes like you to waste everyone's time to avoid the trivial challenge of carrying cash...We all hope you enjoyed your equally wasted 5 minutes."
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  • Posted by scojohnson 9 years ago in reply to this comment.
    Debit cards largely replaced checks because (at least here in California), other than the local Raleys grocery store, I don't think anyone will take them.

    Checks are still used for utilities and paying bills, I automate mine with USAA's excellent bill payment service but it is largely the same as it always was.

    Mobile commerce, like a Starbucks or Amazon app are probably going to grow somewhat, but I don't think our basic medium of exchange, or minted currency will change much. How much is in circulation will, but that is just consumer preference.
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  • Posted by term2 9 years ago in reply to this comment.
    Very disturbing prospects. I hope people can adopt an alternative money system that is free from government control. Somehow I don't think Bitcoin is trustworthy cause it has no more backing than the dollar
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  • Posted by $ 9 years ago in reply to this comment.
    All the changes you describe have contributed to the fact that the young make no connection between effort and outcome because they do not see, feel nor participate in the process. You do because you've engaged in the physical. Today the physical is not reality...it is the unseen cloud and the means of acquisition come out of thin air.
    There are just some things we should never throw out by the wayside.
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  • Posted by wiggys 9 years ago
    the continuing destruction of the world economy is taking place. governments ALL IN TOTAL are the enemy of the world.
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  • Posted by term2 9 years ago
    If the govt can't control how much you make, maybe they could keep you from at least spending it or saving it. Make gold illegal to hold and have cashless society. Make everyone equal by only allowing maybe $100 a day per person expense limit
    Reply | Permalink  
  • Posted by $ Thoritsu 9 years ago
    The next guy in front of me at the airport that buys gum with a credit card (taking 5 minutes to dial up, and get a little printout) is going to have an accident!
    Reply | Permalink  
  • Posted by term2 9 years ago in reply to this comment.
    Get in trouble with the law for any reason and they can shut off your supply of money while you hope you can fix the problem with them. So many laws now that you prob violate several per day at least. Being on this forum will someday get you in trouble for treason for example
    Reply | Permalink  

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