Cash.. Who uses it anyway

Jislizard said:
The US isn't actually printing the physical paper notes, most of it is being conjoured up electronically.

The only people who use cash are crooks and tax dodgers.
Click to expand...

Forgive me but I take personal exception to that statement.

I live in a regional area and disruption of services is not unheard of or even uncommon. Just this week the floods in Queensland damaged the primary and secondary fiber lines connecting North Queensland to the rest of the country. There were extensive disruptions to landline and mobile phone networks as well as internet services which affected eftpos and online transactions, even ATM's were affected.

So good luck trying to use electronic transactions to buy food or fuel in the very circumstances in which you need them the most. I have yet to have the same trouble with physical cash.

Yes paper money is a mugs game and I would rather HOLD my wealth in PM's but ELECTRONIC paper money is even more spurious and for TRADING, I would in a lot of cases prefer to use cash. I should not be made to feel like a criminal for doing so.

The other thing to consider is that "cash" is LEGAL TENDER it is issued by the Commonwealth government, this is done for a purpose... it's not illegal yet.
 
Jislizard said:
The only people who use cash are crooks and tax dodgers.
Click to expand...

You are joking aren't you? Have you considered the people who don't want to pay a fee of some kind to a bank for every transaction? Who don't want the shop that they buy a cup of tea from to have to pay up to 3% of the price to a bank because they use a credit or debit card? The banks are greedy enough without gatting a slice of every cup of coffee sold in Australia. It's also pretty rude to call every person who buys a meal with cash a crook or a criminal.
 
Problem Reaction Solution. The move to a cashless society require a paradigm shift in the public mind before it gains the possibilty of acceptance, rather than force it on the people, create a "problem", get a public "reaction" and then offer the "solution".

Its just a matter of time .... the actual physical currency reserves are tiny compared to M3.

Its not about the cash, its ALL about control.
 
Have had people say no to Barter items,Gold,Silver and my sons pet Chicken.
Yet to have someone knock back cashand i don't have to offer them $1.05 in the dollar for every dollar to take the stuff off my hands.
Pm's aren't like that of course either?


REDBACK
 
Cash, i much prefer it.

I usually withdraw my needs in fiat from an ATM then head off spending as i wish.

Some years ago i did some work for a govermnet department, i was with one of the major banks at the time and the Govermnet Dept i was contracting to had copies of all my Credit Card records and EFTPOS spending sitting on their desk.

"If you haven't done anything wrong, you have nothing to fear citizen" ;)

I moved banks and changed my money habits.
 
Some idiot decided to install an EFTPOS reader in the CityRail ticket machines a little while ago.

You can imagine how frustrating it is waiting a full minute for every idiot in line to buy their $4 train ticket using a credit card.

It's not a Tap'n'Go reader either, it's the traditional insert card>enter PIN>dial-up>process transaction kind.

FFS, do you really not have the cost of a train ticket in cash on you?
 
Big A.D. said:
Some idiot decided to install an EFTPOS reader in the CityRail ticket machines a little while ago.

You can imagine how frustrating it is waiting a full minute for every idiot in line to buy their $4 train ticket using a credit card.

It's not a Tap'n'Go reader either, it's the traditional insert card>enter PIN>dial-up>process transaction kind.

FFS, do you really not have the cost of a train ticket in cash on you?
Click to expand...

Scary how little cash people carry with them these days. Same with leaving the car park at the airport - cash lane is the express lane!
 
Cairnex said:
Jislizard said:
The US isn't actually printing the physical paper notes, most of it is being conjoured up electronically.

The only people who use cash are crooks and tax dodgers.
Click to expand...

Forgive me but I take personal exception to that statement.

I live in a regional area and disruption of services is not unheard of or even uncommon. Just this week the floods in Queensland damaged the primary and secondary fiber lines connecting North Queensland to the rest of the country. There were extensive disruptions to landline and mobile phone networks as well as internet services which affected eftpos and online transactions, even ATM's were affected.

So good luck trying to use electronic transactions to buy food or fuel in the very circumstances in which you need them the most. I have yet to have the same trouble with physical cash.

Yes paper money is a mugs game and I would rather HOLD my wealth in PM's but ELECTRONIC paper money is even more spurious and for TRADING, I would in a lot of cases prefer to use cash. I should not be made to feel like a criminal for doing so.

The other thing to consider is that "cash" is LEGAL TENDER it is issued by the Commonwealth government, this is done for a purpose... it's not illegal yet.
Click to expand...
You hit the nail on the head Cairnex..I empathise with all affected by the floods ,a classic case in point however exemplifying how fragile the electronic process really is.
 
Electronic money is handy. Hey I can buy something online.
Cash money is handy. Hey I can buy anything everywhere.
Silver money is handy. Hey I can pay you now instead of a promise to pay you later.
In the end, every kind of above money is just an inbetween step towards what you really wanted.
There is no alltime 'King' for any time, every kind has its own benefits and drawbacks.
 
hotel 46 said:
i hold a little stack of 20's tucked away. when natural disasters or nab,commonwealth grid go down you can have a mighty long wait at the servo or chemist when the systems crash. having big denomination bills will defeat you when after only the bare essentials. with the banks only holding so much cash on hand at each branch you will have to get in pretty smartly and they might even ration it.

and lastly i had a mate that only ever wanted 20's in cash, i asked him why, he said if he sent his missus to the shop with a 50 or a twenty he still got no change. :lol:
Click to expand...
lol at the getting no change ...I thought they all done that
 
Jislizard said:
In Britain a lot of smaller shops won't accept 50 notes.
Click to expand...
Last time I was in London I paid with a 50 quid note. The vendor had a really good look at it before accepting it.

systematic said:
Its not about the cash, its ALL about control.
Click to expand...
Very good point.

I tend not to use a credit card very often. I don't use it for things like grocery shopping or every-day needs. This is mainly for reasons of privacy. The "disposable" debit cards are handy for small transactions that require a Visa card, but I've only seen them up to $200... a $500 card would be very handy to have. I also tend to only withdraw from one bank branch and over the counter - very rarely do I use an ATM.
 
Rad Dood said:
Cairnex said:
Jislizard said:
The US isn't actually printing the physical paper notes, most of it is being conjoured up electronically.

The only people who use cash are crooks and tax dodgers.
Click to expand...

Forgive me but I take personal exception to that statement.

I live in a regional area and disruption of services is not unheard of or even uncommon. Just this week the floods in Queensland damaged the primary and secondary fiber lines connecting North Queensland to the rest of the country. There were extensive disruptions to landline and mobile phone networks as well as internet services which affected eftpos and online transactions, even ATM's were affected.

So good luck trying to use electronic transactions to buy food or fuel in the very circumstances in which you need them the most. I have yet to have the same trouble with physical cash.

Yes paper money is a mugs game and I would rather HOLD my wealth in PM's but ELECTRONIC paper money is even more spurious and for TRADING, I would in a lot of cases prefer to use cash. I should not be made to feel like a criminal for doing so.

The other thing to consider is that "cash" is LEGAL TENDER it is issued by the Commonwealth government, this is done for a purpose... it's not illegal yet.
Click to expand...
You hit the nail on the head Cairnex..I empathise with all affected by the floods ,a classic case in point however exemplifying how fragile the electronic process really is.
Click to expand...
Yeah,

I'd like to see those guys paying in bitcoin when the fibre goes dark...
 
steve.rsa said:
AuAussie said:
.....Snip.....Never happens here in Oz even with $100 notes. ......Snip.....
Click to expand...

Have been in Oz for 18 months, I've never even held one. Odd that.
Click to expand...

Mmmmm rsa hey? How about this? Correct me if I'm wrong, back the Wallabies instead of the Boks and you might just get to hold one. :P
 
You must log in or register to reply here.
Back
Top