Cash will be dead in a decade

If all 'monetary' transactions can be traced because there is no cash surely another physical method will be used, particularly for the more sly purchases..
go back to utilising barter systems? one chicken for your 20 Apples?
Get paid in Rum? History has a habit of repeating itself.
 
-j-p-shmorgan said:
willrocks said:
-j-p-shmorgan said:
10 years from now, cash will still be alive. Let the record show. lol

Do you mean physical notes (and possibly coins)?

Yes. They aren't going anywhere. Cash is king.
Sure, the elites want all spending transactions recorded & documented and want to get rid of cash.
Cash is the last piece of the control puzzle....but it just won't happen.
The people like their cash, even if it keeps losing value.
I assume the Fed will just keep doing it's QE until the dollar implodes on itself eventually.
I'm sure it's only a matter of time...but I think 30+ years is more likely than within the next 10.

Cash wouldn't go anywhere if common people had any say. The government only need more than 50% supporting cashless transactions for them to stop production of notes, and coins. Many countries don't even need that.

The dollar doesn't need to implode for them to remove physical cash from circulation.

There will always be other forms of transacting, and black markets. Even if/when cash is abolished.
 
From another SS thread Time to abolish cash - It prevents negative interest rates


The Criminalization of Cash

Louisiana's state legislature has passed House Bill 195, which reads in part:
"A secondhand dealer shall not enter into any cash transactions in payment for the purchase of junk or used or secondhand property. Payment shall be made in the form of check, electronic transfers, or money order issued to the seller of the junk or used or secondhand property and made payable to the name and address of the seller."
If this story seems familiar to you, then congratulations; you were probably paying attention when the bill was actually passed back in 2011. That's right, in another example of that strange internet phenomenon by which a very old "news" story gets picked up as new news by one website and then copy-pasted around the internet, it looks like Louisiana's anti-cash secondhand goods law just got recycled (appropriately enough) as a secondhand news story.

And why not? The story itself may be old, but it is part of an unfolding agenda to create a cashless society, an agenda that continues to this very day.

...Of course, there are many reasons presented as to why we need to transition into a cashless society. Cash is only used by criminals and terrorists, after all (just ask the government of France or the FBI or Amtrak or, presumably, the authors of House Bill 195 in Louisiana). Cash carries germs. Cash is so, like, 20th century.

This is hogwash and propaganda, of course. As various sites pointed out with regard to the Louisiana story, the government moving to ban cash is a further encroachment on property rights and due process. It is also a move that disproportionately hurts the poor, who often have less access to banking services or credit/debit instruments. But perhaps more to the point, the future cashless society that the social engineers are trying to bring in is a world of total government surveillance. The government is already reading your emails and listening to your phone calls. Do you really want them correlating all of that data with the record of everything you ever purchase, and to keep all of that on file for the rest of eternity? No, I thought not.

...Thankfully, there are indications here and there that the people, when given a choice, will opt to go for cash transactions and human interaction. Let's see if we can push that inclination to its logical conclusion by shunning the government-issued colored paper altogether and transacting with alternative and complementary currencies as much as possible.

https://www.corbettreport.com/the-criminalization-of-cash/
 
The biggest racquet for tax evasion & fraud is in politics.
They won't ban their easiest route for the supply of off-the-books payments.
 
Clawhammer said:
The biggest racquet for tax evasion & fraud is in politics.
They won't ban their easiest route for the supply of off-the-books payments.

Do you really believe politicians are running around with bags of cash? This isn't the 1970s, there's plenty of ways to milk the system and bribe people without using cash. Just ask many politicians.
 
Well I do live in Qld :)
Scott Driscoll recieved cash, gordon nuttal got cash... those FIFA scamsters were receiving cash....arthor sinodinos... cssh... even julia gillard's contentious home renovations were paid for with cash

yes I do believe they're walking around with big bags of cash!!!
 
Plenty of non-cash alternatives for politicians: a nice bottle of Grange, a scholarship for the kids, promise of a cushy directorship after retirement...
 
... and for everything else, there is the U.S. $100 bill. This is why I think it will be difficult to eliminate USD at least:

Index Currencies "The $100 bill is the world's bitcoin" - the USD & the future of money
http://forums.silverstackers.com/to...ld-s-bitcoin-the-usd-the-future-of-money.html

"What makes a viable currency is trust in order for people on both sides of a transaction to use it. The Illegal transactions, the arms transactions, the drug transactions that take place all over the world... take place in dollars. The US dollar is not just a petro dollar, it is also an illegal transaction currency that speaks a lot towards how much people trust the US dollar." (From the short video clip 'Gold and oil and guns' in the article.)"
 
willrocks said:
Clawhammer said:
The biggest racquet for tax evasion & fraud is in politics.
They won't ban their easiest route for the supply of off-the-books payments.

Do you really believe politicians are running around with bags of cash?

The unions certainly do. And they own and operate one of the major parties. It would really cramp their operational procedures if they had to conduct business without brief cases full of cash.
 
"Any inference made vis-a-vis any donation being related in any way to seeking influence is to me highly offensive, scurrilous and defamatory." ~ Amanda Vanstone, then immigration minister, commenting on the overturning of a deportation order for an alleged mafia figure after a mafia-linked businessmen made large cash donations to the party, much of it in small amounts to escape the $1500 disclosure threshold.

http://www.smh.com.au/national/mafia-cashforvisa-scandal-20090223-8eoz.html
 
Cash won't be dead.

Look at CBA today, its eftpos and netbank systems are down for certain accounts.

I want to wire up some funds to buy something, I can't even do a basic transfer.

Pretty scary when your savings are literally at the mercy of electronics and them working.

Slam
 
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