What If Cash Is Abolished? - Page 5

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Author	Replies: 68 / Views: 8,357	Page: of 5

Conder101 Bedrock of the Community United States 17884 Posts	Posted 04/23/2015 12:29 pm Quote: 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. Report this Post to the Staff
Mister Kairu Pillar of the Community United States 1911 Posts	Posted 04/23/2015 1:34 pm 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! Report this Post to the Staff
jbuck Moderator United States 189115 Posts	Posted 04/23/2015 2:07 pm 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. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
fistfulladirt Pillar of the Community United States 4333 Posts	Posted 04/26/2015 11:00 am "Cover-up-mint?" Lol. When I listen to LED ZEPPELIN...so do my neighbors... Roll hunting since '77 Dirt fishing since '72 Report this Post to the Staff
jbuck Moderator United States 189115 Posts	Posted 04/27/2015 09:42 am I cannot believe I missed that earlier. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
IndianGoldEagle Bedrock of the Community United States 36826 Posts	Posted 04/27/2015 11:29 am 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. Report this Post to the Staff
just carl Bedrock of the Community United States 20753 Posts	Posted 04/28/2015 11:25 am 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. Report this Post to the Staff
X2an Pillar of the Community Sweden 1078 Posts	Posted 04/28/2015 1:29 pm 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. Report this Post to the Staff
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