Friday night 8 pm in Melbourne (pseudo-freedom day). Hairdresser on Malvern street had closed shop. I waved a $50 note and had the best cut of my life 20 minutes later, in private.
$50 is cheap, without much waiting time and given you have not had a hair cut for months. Last week I asked a stacker in KL how much is the PosLaju cost to SG, he said $50 Ringgits I thought he was trying to pull my leg, not so after checking the exchange rates
https://www.smh.com.au/money/planni...nt-with-one-simple-trick-20230428-p5d421.html How many credit cards do you carry? I have two. You know, a spare in case the first one isn’t accepted. Then there are the two debit cards – one for a mortgage offset account – that round out my payment arsenal. Though I clear the credit versions in full at the end of every month, my fiscally responsible self conducted an experiment this new year: would I spend less over a three-month period if I moved entirely to cash?
Reports that $100b was withdrawn in the months leading up to First Republic's looming demise. I wonder how much was taken as cash due to mis-trust of the banks, and then multiplied by how many other banks have had large withdrawals?
I don't have any personal experience with this, but I have to assume that it is possible to use a Goldback instead of cash for this purpose.
Some smart folks (in the USA) figured out a way to layer gold atoms into a flexible sheet to make gold bills that could be used for transacting gold in small denominations easily: https://www.goldback.com/
Optus nation wide outage, a lot of business will be down this morning. This outage is one of the worst ever, i wonder if it was a cyber attack. https://www.smh.com.au/national/maj...ts-millions-of-customers-20231108-p5eics.html Once again you need to always keep some cash in your wallet!
Complete dependency on digital transactions will be a catastrophe for any country that forces it on it's population. In the event of a war, a large solar flare, a Carrington event or a large scale state-level foreign hack and everything will collapse.
It is the same crowd pushing the cashless digital CBDC prison that was behind the Scamdemic COVID-19 and Vax fiasco. Think about that next time you decide to use other form of convenient payment instead of cash for your purchases sheeple.