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 Replies: 68 / Views: 8,354 |
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Moderator
 United States
189053 Posts |
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I think cash will eventually fade away into obsolescence, but I can't see it happening anytime soon. Exactly. Look back through history at all the things that were eventually replaced by other things. Many of those contemporaries probably said "never" as well.  Quote:
After all, if I can't pay cash for a small purchase, how can I get change back to go through and look for rare dates? That'd be a bummer. True.  |
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Moderator
United States
23522 Posts |
Heaven help me, you people have me looking at change now. Me, the one who looks down his nose at Moderns. Must you make it so interesting?
I carry a loupe in my keys pocket nowadays.
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Moderator
United States
189053 Posts |
You are most welcome.  |
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Bedrock of the Community
United States
20753 Posts |
Then too there are some real bad problems with credit and debit cards. At least for now. Look at how many people have had their money stolen via hackers. Wrong charges on your cards. Machines that don't take them. Overcharges on your accounts. Lost or stolen cards. Massive interest rates on payments.
And worse of all, no change to look through.
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Moderator
United States
189053 Posts |
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Then too there are some real bad problems with credit and debit cards... Massive interest rates on payments. Does not apply to debit cards. |
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Pillar of the Community
United States
2815 Posts |
@SsuperDdave- you do like Ikes, right? Right? |
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Moderator
United States
23522 Posts |
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@SsuperDdave- you do like Ikes, right? Right?
I have a certain fondness for them because I was born during the Eisenhower administration, and as far as I'm concerned he was the last true hero our country has produced, possibly excepting his successor in the White House. Hopefully not the final one. But with their huge fields and plain devices, Ikes are extremely difficult to find with truly outstanding eye appeal and the TPG's (to my mind) consistently grade them 2 numbers high. I would need them in true Superb Gem and they may be the most difficult issue of the last century to find that way. |
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Bedrock of the Community
United States
17884 Posts |
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Something like that is temporary, we cope with it, And usually short lived. That's why when it happened to me I pulled out a flashlight (I coped) and continued shopping. By the time I finished power was back on and I checked out. |
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Pillar of the Community
United States
1911 Posts |
I too am torn nowadays since, like before-mentioned, the prices of items today are the same whether you pay in cash or card, so I might as well get the 1-5% cash back but then I am always sad I don't get change anymore to look through. Oh, the humanity!
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Moderator
United States
189053 Posts |
Quote:
And usually short lived. That's why when it happened to me I pulled out a flashlight (I coped) and continued shopping. By the time I finished power was back on and I checked out. |
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Pillar of the Community
United States
4333 Posts |
"Cover-up-mint?" Lol.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Moderator
United States
189053 Posts |
I cannot believe I missed that earlier. |
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Bedrock of the Community
United States
36826 Posts |
http://www.thefallingdarkness.com/2...tablishment/I found this article interesting. Those that have been following world events should be aware of what has been going on in Europe with the banking system. Major banks have done "bails-ins" by taking customers savings and confiscating a percentage to cover failing banks, they are now doing negative interest rates, charging you a percentage to store your money with them. If cash is still circulating, it won't work because people will pull money out of the bank and stuff their mattresses and why not. If we are a cashless society, they have total control and can do as they wish with your money. It sounds far fetched but they are betting people will opt for convenience over safety and not believe what is coming. Continue to watch what happens in Europe, because it is the test bed of what will be coming here.
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Bedrock of the Community
United States
20753 Posts |
One more reason cash will just have to go is all the countries on Earth are getting closer to trading with each other. This makes it more and more difficult to constantly change from one monetary system to another. For example even going to other countries is difficult to know how much something there is and what should be paid. With no cash, only computerized cards, everything will be done fast, accurate and no need to wonder what a Peso or anything is in our money. You want to buy a pair of sox in China, Germany, India, etc. you just use a plastic card. However, as already noted the real downside is no more change to look through. Even at banks in the future, if you asked for a roll of Nickels, they would look at you as if your a dinosaur. No such thing you know. And as to just how much people are changing over. At a Walmart a few days ago a lady pulled out a credit card to pay for $2.00. |
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Pillar of the Community
Sweden
1078 Posts |
I once heard about a guy here in Sweden who used his card to pay for 1:50 SEK = 0.17 USD. I've noticed how cash is slowly getting withdrawn from general circulation here but I still do most of my transactions in cash. I find it quick (just toss a coin to the cashier for a small purchase), convenient (I know exactly how much money I have) and interesting (that's why I'm here  ). I put my 100% own savings into cash and store them at home, I don't rely on banks for anything else than withdrawals. As soon as I see shops that have large banners reading "Card only", I feel discriminated inside. And to my horror I see how most banks have a rather hostile attitude agains their customers having to abide to their rules. As mentioned above, banks do want control over their customers. I want my transactions to be private and I know card doesn't get you everywhere. I simply feel cash is the right option for me. |
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Replies: 68 / Views: 8,354 |
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Posted 04/23/2015 09:31 am
