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Many pros and cons of ths fast approaching cashless society .
Although cash will be about for a very long time yet to cater for the demographic who cant/wont use banks recent events with people in lockdown has certainly accelerated it coming about.
Banks are more and more reluctant to release large cash withdrawls and are terrified of people buying crypto and precious metals so much so that many accounts with transactions dealing in these are being suspended by them.
Myself,I welcome it but will always keep a large rainy day fund outside the reaches of the banks.
Where do you all see it heading?
[Post edited 10 Jan 2021 12:11]
OUT AFLI SUCK IT UP REMOANER LOSERS
🇬🇧 🇬🇧 🇬🇧 🇬🇧 🇬🇧 🇬🇧 🇬🇧 🇬🇧 🇬🇧 🇬🇧 🇬🇧 🇬🇧 🇬🇧 🇬🇧 🇬🇧
Into oblivion,as far as really old people are.We are looking after mum in laws finances. Nothing is net based as she didn’t have the net.All branch accounts and letters. How do old people manage these days when technology is so fast moving.
We are certainly no happier or better off mentally
Swansea Indepenent Poster Of The Year 2021. Dr P / Mart66 / Roathie / Parlay / E20/ Duffle was 2nd, but he is deluded and thinks in his little twisted brain that he won. Poor sod. We let him win this year, as he has cried for a whole year. His 14 usernames, bless his cotton socks.
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Cashless Society ? on 13:00 - Jan 10 with 1169 views
If we go cashless not only banks to worry about what about big companies like visa and MasterCard will have more power.what would you do if they restricted your spending like banning companies,might not be problem now because we still use some cash.
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Cashless Society ? on 13:03 - Jan 10 with 1167 views
If we go cashless not only banks to worry about what about big companies like visa and MasterCard will have more power.what would you do if they restricted your spending like banning companies,might not be problem now because we still use some cash.
Whats under the bed cannot be traced , in a financial system everything is scrutinised and with what little interest being paid on savings the only benefit for keeping money in an account is its protected against most scams
"In a free society, the State is the servant of the people—not the master."
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Cashless Society ? on 14:40 - Jan 10 with 1123 views
Many years from now when it does go cashless the NWO and the governments they allow to be elected will have total control over everthing,the last year has only brought that day nearer.
OUT
AFLI
OUT AFLI SUCK IT UP REMOANER LOSERS
🇬🇧 🇬🇧 🇬🇧 🇬🇧 🇬🇧 🇬🇧 🇬🇧 🇬🇧 🇬🇧 🇬🇧 🇬🇧 🇬🇧 🇬🇧 🇬🇧 🇬🇧
If we go cashless not only banks to worry about what about big companies like visa and MasterCard will have more power.what would you do if they restricted your spending like banning companies,might not be problem now because we still use some cash.
It will also stop the people who get paid in cash and don't declare it. More will go into the tax coffers which could be a good thing.
It'd be harder for criminals to launder cash too as everything would be traceable.
Pluses and minuses on this one....Cash is better in some circumstances for convenience and peace of mind, I know an elderly man who has dementia, shopping is done by others when they're out getting their own items and payment owing is then settled up later using cash.
The trouble with cards is if lost, you just cannot get a replacement on the day its lost and for the absent minded or those of medical concern cash can be safer option than relying on a single card. The person in mention does have a card, but he does not venture out, his card is kept safely indoors and that IMO is the place for it.
Argus!
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Cashless Society ? on 17:44 - Jan 10 with 1039 views
Would probably lead to charges being introduced simply for having a bank account
and the government will love it... be the end of the odd job man doing jobs for cash but on a plus, the drug dealers will have some explaining to do too
and the government will love it... be the end of the odd job man doing jobs for cash but on a plus, the drug dealers will have some explaining to do too
The criminal world have will and the means to find a way around everything, that is one thing you can be assured of.
Cashless Society ? on 17:33 - Jan 10 by Wingstandwood
Pluses and minuses on this one....Cash is better in some circumstances for convenience and peace of mind, I know an elderly man who has dementia, shopping is done by others when they're out getting their own items and payment owing is then settled up later using cash.
The trouble with cards is if lost, you just cannot get a replacement on the day its lost and for the absent minded or those of medical concern cash can be safer option than relying on a single card. The person in mention does have a card, but he does not venture out, his card is kept safely indoors and that IMO is the place for it.
Back your card up on Apple/Samsung pay. Easy back up if you lose/forget your card.
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Cashless Society ? on 18:32 - Jan 12 with 847 views
Many years from now when it does go cashless the NWO and the governments they allow to be elected will have total control over everthing,the last year has only brought that day nearer.
OUT
AFLI
And it will be folk like you who will shout from the rooftops when your idea of utopia goes t!ts up. Always be humble it's for the best, you never know what's around the corner,you can thank me later.
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Cashless Society ? on 19:09 - Jan 12 with 820 views
A cashless society isn't there to help the ordinary person. It is for the huge companies to make more, and so the banks can shut their doors.
Those like pike harping on about builders declaring everything - builders will hike the price up and charge vat. So mr Jones job will cost twice as much
Swansea Indepenent Poster Of The Year 2021. Dr P / Mart66 / Roathie / Parlay / E20/ Duffle was 2nd, but he is deluded and thinks in his little twisted brain that he won. Poor sod. We let him win this year, as he has cried for a whole year. His 14 usernames, bless his cotton socks.
2
Cashless Society ? on 00:00 - Jan 13 with 763 views
Cashless Society ? on 19:09 - Jan 12 by builthjack
A cashless society isn't there to help the ordinary person. It is for the huge companies to make more, and so the banks can shut their doors.
Those like pike harping on about builders declaring everything - builders will hike the price up and charge vat. So mr Jones job will cost twice as much
Ive not mentioned builders or anybody for that matter getting cash in hand, you really do need to stop making things up.
Swansea Indepenent Poster Of The Year 2021. Dr P / Mart66 / Roathie / Parlay / E20/ Duffle was 2nd, but he is deluded and thinks in his little twisted brain that he won. Poor sod. We let him win this year, as he has cried for a whole year. His 14 usernames, bless his cotton socks.
0
Cashless Society ? on 13:27 - Jan 13 with 651 views
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