The cashless society thread

Mercenary

Hummingbird
RE: Sweden to go 100% cashless making it ILLEGAL to own physical money

Fast Eddie said:
All right man, but now you're conflating two separate issues, cashless society and making certain things illegal. Those are not related. You can "ban" guns without a cashless society, and likewise, creating a cashless society will not help you ban guns. If guns are illegal in a cashless society they will be bartered for with physical objects that are not illegal and can then be converted back to globalist approved electrons.

This a recipe for a HUGE underground black market based on bartering illegal and legal "things" back and forth.

This is the disastrous situation you have now in those countries where their currencies have become worthless.
 

Mercenary

Hummingbird
RE: Sweden to go 100% cashless making it ILLEGAL to own physical money

Leonard D Neubache said:
This is a big issue. You can literally be made homeless and destitute at the push of a button.

"Take the issue up with us at the review office in the next city over".
......"But I have no means to get there".
"Well you should have thought of that before you were caught trying to buy a Trump hat on ebay."
:-/

Something else as well...under this system, no one, not even your closest friends or family, will be able to lend or give you money if your accounts & cards are blocked.

In fact, giving you money would put them into trouble as well.
 

Luvianka

Kingfisher
RE: Sweden to go 100% cashless making it ILLEGAL to own physical money

OK, guys, enough talking, let's go to actions:
1. Find a way to get 95% of your money out of your bank accounts. Many of you will find the ugly surprise that even withdrawing $5,000 can be a mess or even illegal.
2. Keep that money in a place you only know.
3. Buy all you need to survive for at least three months.
4. Buy and hoard some valuable stuff for barter once the shit hits the fan, you know, cigars, lighters, alcohol, disposable razors, gasoline, ammo.
5. Be ready to practice and enjoy some Armagedon game. You know... During the Balkans war, hot women were giving head just for a cigar... And similar stuff.
 
RE: Sweden to go 100% cashless making it ILLEGAL to own physical money

ball dont lie said:
True story:

I make money abroad and sent my money back using Western Union. I file my taxes every year with the US govt, everything is done correctly.

This year I tried to send some money home and was notified US Govt has put me on the Anti-Money Laundering Black List and that I cant send money using Western Union any more.

Sending money through banks in China is insane bullshit level annoying, wasting hours, days even of paperwork and getting shit stamped and double checked. Plus my job doesn't even want to help me because of all the work for them, too.

US Govt is going that way as well. Elites want control.

You might want to look into using bitcoin, sounds like it could be down your alley. If bank transfers have become that difficult, probably no harder to use bitcoins. Seem popular in China too:
http://www.wsj.com/articles/china-buying-sparks-bitcoin-surge-1464608221
 

The Beast1

Peacock
Gold Member
RE: Sweden to go 100% cashless making it ILLEGAL to own physical money

If ya'll are thinking precious metals and bitcoin will save you from the cashless society, think again. They'll heavily regulate precious metals dealers and most likely outlaw all bitcoin marketplaces.

Bitcoin is only useful if there are marketplaces that easily allow its transfer. The second the official ones go the price will collapse. Not to mention, the peer to peer market places where folks can trade btc for cash will probably be filled with honey pots designed to catch traders. Watch operating outside of the system become a crime!

Another mark of the end of times.
 

spokepoker

Hummingbird
RE: Sweden to go 100% cashless making it ILLEGAL to own physical money

Are there any swedish forum members who can comment on this directly?
 
RE: Sweden to go 100% cashless making it ILLEGAL to own physical money

I wonder when this will happen in the US. Hopefully not when I am still alive.
Its funny that people think gold will be the new cash. It will be drugs, alcohol, cigarettes and booty.
 

kimbo

Pigeon
Gold Member
RE: Sweden to go 100% cashless making it ILLEGAL to own physical money

This has been a long time coming, and people will accept it because:

Like it's been said in this thread already, most never use cash anyway and most don't see further than their own nose.

"Om du har rent mjöl i påsen" means you have nothing to worry about if you have nothing to hide. Basically: Swedes trust their government.

They recently changed the bills, instead of kings and scientists like the founder of Sweden (Gustav Vasa) and the man who came up with modern taxonomy it's now film stars and film directors. People won't be sorry to see those go.
 

porscheguy

Ostrich
RE: Sweden to go 100% cashless making it ILLEGAL to own physical money

It allows the government to tax EVERY single transaction among people. The government gets their cut.
The banks get to charge a fee on every single transaction. They get their cut.
If you are labelled a trouble maker by the government, they can freeze your account and restrict your access to your money.
You want to buy whores and porn? That's fine. The government and the banks know you do such things.

Your average person doesn't really think anything of this. All they think is that life will be more convenient on plastic.
 

Fast Eddie

Pelican
Gold Member
RE: Sweden to go 100% cashless making it ILLEGAL to own physical money

The Beast1 said:
If ya'll are thinking precious metals and bitcoin will save you from the cashless society, think again. They'll heavily regulate precious metals dealers and most likely outlaw all bitcoin marketplaces.

Bitcoin is only useful if there are marketplaces that easily allow its transfer. The second the official ones go the price will collapse. Not to mention, the peer to peer market places where folks can trade btc for cash will probably be filled with honey pots designed to catch traders. Watch operating outside of the system become a crime!

Another mark of the end of times.

They can only ban and regulate so much. Cash is more convenient than gold, so people use cash. If people can't use cash, they'll use gold. If they can't use gold, then they'll use the next most convenient thing. Unless they literally ban every single damn thing in the entire world, there will always be a way to legally store your wealth outside the electronic realm.

porscheguy said:
Your average person doesn't really think anything of this. All they think is that life will be more convenient on plastic.

How many people can possibly be stupid enough to think the existence of paper cash somehow stands in the way of the use of their credit cards, which they've been happily using for decades?

I mean, do they hear of these announcements banning cash and go "gee, finally I'll be able to use my VISA I've been using everyday for the last 10 years including just 20 minutes ago. The wait is over starting next year!"
 
RE: Sweden to go 100% cashless making it ILLEGAL to own physical money

^Gold just isn't practical for currency. It is very dense making it very heavy and it is not easily divisible.
 

Glaucon

Ostrich
Gold Member
RE: Sweden to go 100% cashless making it ILLEGAL to own physical money

AboveAverageJoe said:
^Gold just isn't practical for currency. It is very dense making it very heavy and it is not easily divisible.

Its not for currency, its for storing wealth.
 

Nineteen84

Ostrich
Moderator
Orthodox
Gold Member
RE: Sweden to go 100% cashless making it ILLEGAL to own physical money

See, it's things like this that tell me I won't spend much more of my life in Europe.

Not that I'd partake in any blackmarket activities - it's just the principle of it all.
 

Ghost Tiger

Ostrich
Gold Member
RE: Sweden to go 100% cashless making it ILLEGAL to own physical money

Bitcoin will be fine. Too many drug dealers and money launderers use it for it to be shut down by any government. Government is downstream from finance. Soros has warrants out for his arrest issued by several different governments, and he's still causing mayhem. Like somebody said above, they don't tax gold because they like to use it to preserve wealth. It's the same with Bitcoin. Actually, Bitcoin is superior to gold in many ways. Once more of these old Luddite elites die off and their younger tech-savvy heirs take over their wealth, Bitcoin's popularity will continue to grow. What the elite like about Bitcoin is that it takes a bit of tech know-how to even understand it let alone use it. Any peasant can hide a gold bar in his cellar, but not everybody can figure out how to get themselves a Bitcoin wallet, let alone trust one enough to store wealth in it.

Bitcoin is the future.
 
RE: Sweden to go 100% cashless making it ILLEGAL to own physical money

A cashless system needs to make provisions for when the infrastructure is down. I almost never use cash. When I do it was because the credit card machines were down or my credit card was not acceptable for some reason. Cash is my backup.
 
RE: Sweden to go 100% cashless making it ILLEGAL to own physical money

I don't like my purchases being tracked so I use cash for those things. I don't care if my CC company knows I pay my bills or not. So I pay for household bills with debit cards and personal bills in cash.
 

Glaucon

Ostrich
Gold Member
RE: Sweden to go 100% cashless making it ILLEGAL to own physical money

Thought Criminal said:
A cashless system needs to make provisions for when the infrastructure is down. I almost never use cash. When I do it was because the credit card machines were down or my credit card was not acceptable for some reason. Cash is my backup.

Its much easier to do this in Sweden which is a small country. But I can't imagine doing it in the US. So every rural steakhouse which have bad or non existing signal have to be closed? Or they have to store the transaction info in a gov. issued computer and provide it monthly to get the money? It would be insane. The economy would collapse very fast and then people would get the forks and the torches.
 
RE: Sweden to go 100% cashless making it ILLEGAL to own physical money

I am in the car business and many auctions only accept cash and hire off-duty policemen to be present in their office and on the premises. The marijuana business in those nearly 50% of the states where it is legal is conducted primarily in cash because Federal banking laws prohibit banks from conducting their transactions. They hire armed veterans to escort the goods and cash since regular armed security firms aren't taking their business. This would affect many legitimate businesses.
 

Vicious

Crow
Gold Member
RE: Sweden to go 100% cashless making it ILLEGAL to own physical money

Nowhere in the source does it say having cash will be illegal, that's ridiculous hyperbole. The thread title is something I'd expect on a click bait site like Jezebel.
 

Luvianka

Kingfisher
RE: Sweden to go 100% cashless making it ILLEGAL to own physical money

Bitcoin will be shut down anytime soon. Why? It's a direct competition and threat to the Banking Cabal which has the monopoly to issue currencies worldwide. Even worse, it's the living proof that what we have is not a crisis of debt, but liquidity.
 
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