War on cash continues in MSM

Discussion in 'Currencies' started by JulieW, Apr 15, 2016.

  1. JulieW

    JulieW Well-Known Member Silver Stacker

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  2. systematic

    systematic Well-Known Member

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    The war on simple math ... and the ability to count numbers ... continues ...
     
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  3. Killface

    Killface Well-Known Member Silver Stacker

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    SO hang on, is it more expensive for businesses to handle cash, or to accept card payment?

    If cash is more costly to handle etc, why on earth are we charged c/c surcharges?

    Both payment methods cost some small percentage of the total, and it can easily be factored into the quoted price. Charging a fee to take our money can't really be justified under any circumstances.

    And if we start seeing 'cash payment charges' across the board there will should be rioting in the streets!
     
  4. yennus

    yennus Well-Known Member Silver Stacker

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    "... usually we get a lot of $50 notes which we have to find change for," TwoForJoy supervisor Courtney Kane said.

    Gosh darn it... what a major headache!!!! [sarcasm]
     
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  5. precious roar

    precious roar Active Member

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    I really doubt he will find many small business owners that agree. In fact, a bar down the street got rid of their eftpos machine and brought in an ATM because they were sick of people "tapping" for the smallest of purchases.
     
  6. bubbleboy

    bubbleboy Member

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    Recent headlines are quite clear, cash is history, every transaction you make will be logged with your bio-metric identification.

    "Brisbane cashless cafe out to prove model cheaper, more efficient way to run business"
    http://www.abc.net.au/news/2016-07-04/new-cashless-cafe-opens-brisbane/7566360

    "Why Australia will be one of the first economies to go cashless"
    http://www.afr.com/personal-finance...irst-economies-to-go-cashless-20160624-gpqyfh

    "No small change: moving to a cashless society is the next step for the Australian dollar"
    http://www.theage.com.au/comment/no...or-the-australian-dollar-20160215-gmv11x.html

    "Welcome to a cashless future where retailers recognise our faces"
    https://www.theguardian.com/small-b...cashless-future-retailers-recognise-our-faces

    Negative interest rates are the future, cash will be trashed, gold bugs and silverites will be rounded up for re-education.
     
  7. BBQ

    BBQ Member

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    Any local business that forces plastic cards on me sees the last of me.
     
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  8. SilverDJ

    SilverDJ Well-Known Member

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    Because the gummnit made it legal to do so.
    IIRC it used to illegal to pass on the credit card surcharge at one point.
    And the credit card merchant cost is real per transaction and quantifiable, labour/time etc not so easy
     
  9. Big A.D.

    Big A.D. Well-Known Member Silver Stacker

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    The cost of receiving money from a customer is non-zero, whatever method you do it by.

    Contactless payments just aren't there yet, largely because they rely on infrastructure that can and does fail (like for BankWest today actually.

    I used to know a heap of people who would boast about "going cashless". Most of them now keep a $50 note jammed in the back of their wallets after suffering a bank outage.
     
  10. BuggedOut

    BuggedOut Well-Known Member Silver Stacker

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    Sounds good to me.

    If enough people take this kind of stand then they will fail. Unfortunately cash lovers like us might be in a very small minority :/
     
  11. SilverDJ

    SilverDJ Well-Known Member

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    A combo of smaller notes is much more useful.
    I don't know why everyone doesn't. They weight nothing and take up practically zero room.
     
  12. bubbleboy

    bubbleboy Member

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    The war on cash continues. Make lots of links from cash to criminals, terrorists, drug traffickers, human slavery and tax evaders then politicians will pass new laws killing cash and bankers can finally give us the negative interest rates they have been eager to implement.

    "Cash is for criminals: Why we should scrap big notes
    Beyond the more heinous crimes of human and drug trafficking and terrorism, some earners hoard their money to avoid tax."
    http://www.abc.net.au/news/2016-10-21/world-awash-with-cash-fuels-illegal-activity/7933250
     
  13. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    It's the ABC so of course they push the Marxist agenda.
     
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  14. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    South Australia will lead the return to cash. Too hard to pay by card when there is no power.
     
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  15. JulieW

    JulieW Well-Known Member Silver Stacker

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    So tired of seeing this old furphy endlessly recycled. Do some research. The ABC News has a slightly Right Wing bias, otherwise it's pretty much even handed at the ABC, even the Q an A circus, despite the Left Wing bias of some of the presenters, (whom the ABC inspects regularly to ensure the bias doesn't happen btw).
     
  16. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    Who told you that, the Guardian?
     
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  17. Fat Penguin

    Fat Penguin Well-Known Member Silver Stacker

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    Cashless business works better for me.

    1) reduces employee theft
    2) reduced administration time/duties
    3) quicker to process
    4) reduces errors

    if my business loses power, a non functioning eftpos machine is the least of my problems.
     
  18. Guest

    Guest Guest

    I have never heard anyone argue that the ABC has a right wing bias. Very odd.
     
  19. JulieW

    JulieW Well-Known Member Silver Stacker

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    The ABC charter requires balanced viewpoints, to which end they measure political bias of guests and commentators. The research showed that there were more right wing commentators and guests shown on the news than left wingers.

    I don't think the ABC is left motivated or right motivated. I think they fulfill their Charter.

    The argument against this is that the Liberal Party continually tries to defund the ABC whilst the Labor Party appears to hold funding at the levels previously cut by the Liberal Party. Though that could be the Liberal Party bias toward privatisation by stealth.
     
  20. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    "They measure"? "The research showed"?
     
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