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Sweden Goes Cashless--US Next

 
TonyTouch
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03/19/2012 05:32 PM
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Sweden Goes Cashless--US Next
[link to www.cbsnews.com]

(AP) STOCKHOLM - Sweden was the first European country to introduce bank notes in 1661. Now it's come farther than most on the path toward getting rid of them.

"I can't see why we should be printing bank notes at all anymore," says Bjoern Ulvaeus, former member of 1970's pop group ABBA, and a vocal proponent for a world without cash.

The contours of such a society are starting to take shape in this high-tech nation, frustrating those who prefer coins and bills over digital money.

In most Swedish cities, public buses don't accept cash; tickets are prepaid or purchased with a cell phone text message. A small but growing number of businesses only take cards, and some bank offices — which make money on electronic transactions — have stopped handling cash altogether

Last Edited by TonyTouch on 03/19/2012 05:36 PM
Anonymous Coward
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03/19/2012 05:35 PM
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Re: Sweden Goes Cashless--US Next
it wouldn't be the end of the World ... would still suck though
TonyTouch (OP)

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03/19/2012 05:36 PM
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Re: Sweden Goes Cashless--US Next
It's about control.

Full monetary control of the debt slaves.
Limpan

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Sweden
03/19/2012 05:38 PM

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Re: Sweden Goes Cashless--US Next
This is just talk?? Maybe in 10-20 years or if the is a NWO

hf
Burt Gummer

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03/19/2012 05:41 PM

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Re: Sweden Goes Cashless--US Next
[link to www.cbsnews.com]

(AP) STOCKHOLM - Sweden was the first European country to introduce bank notes in 1661. Now it's come farther than most on the path toward getting rid of them.

"I can't see why we should be printing bank notes at all anymore," says Bjoern Ulvaeus, former member of 1970's pop group ABBA, and a vocal proponent for a world without cash.

The contours of such a society are starting to take shape in this high-tech nation, frustrating those who prefer coins and bills over digital money.

In most Swedish cities, public buses don't accept cash; tickets are prepaid or purchased with a cell phone text message. A small but growing number of businesses only take cards, and some bank offices — which make money on electronic transactions — have stopped handling cash altogether
 Quoting: TonyTouch


That's all well and fine until one day and EMP hits or their grid is attacked.
Watch the ensuing chaos....and laugh. popcorn smiley

zombies

Last Edited by Useless Cookie Eater on 03/19/2012 05:41 PM
Anonymous Coward
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03/19/2012 05:41 PM
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Re: Sweden Goes Cashless--US Next
[link to www.cbsnews.com]

(AP) STOCKHOLM - Sweden was the first European country to introduce bank notes in 1661. Now it's come farther than most on the path toward getting rid of them.

"I can't see why we should be printing bank notes at all anymore," says Bjoern Ulvaeus, former member of 1970's pop group ABBA, and a vocal proponent for a world without cash.

The contours of such a society are starting to take shape in this high-tech nation, frustrating those who prefer coins and bills over digital money.

In most Swedish cities, public buses don't accept cash; tickets are prepaid or purchased with a cell phone text message. A small but growing number of businesses only take cards, and some bank offices — which make money on electronic transactions — have stopped handling cash altogether
 Quoting: TonyTouch


Thread: Inside The LC: The Strange but Mostly True Story of Laurel Canyon and the Birth of the Hippie Generation
Oldcrow64
Only the Flies Benifited

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03/19/2012 05:47 PM

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Re: Sweden Goes Cashless--US Next
So there will be a "convenience charge" to use this system right? So I have to pay money to spend money. great.
Aren't the Swedes the same ones that tried to force young boys to pee sitting down?
bump
TonyTouch (OP)

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03/19/2012 05:48 PM
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Re: Sweden Goes Cashless--US Next
[link to www.cbsnews.com]

(AP) STOCKHOLM - Sweden was the first European country to introduce bank notes in 1661. Now it's come farther than most on the path toward getting rid of them.

"I can't see why we should be printing bank notes at all anymore," says Bjoern Ulvaeus, former member of 1970's pop group ABBA, and a vocal proponent for a world without cash.

The contours of such a society are starting to take shape in this high-tech nation, frustrating those who prefer coins and bills over digital money.

In most Swedish cities, public buses don't accept cash; tickets are prepaid or purchased with a cell phone text message. A small but growing number of businesses only take cards, and some bank offices — which make money on electronic transactions — have stopped handling cash altogether
 Quoting: TonyTouch


That's all well and fine until one day and EMP hits or their grid is attacked.
Watch the ensuing chaos....and laugh. popcorn smiley

zombies
 Quoting: Burt Gummer


Yep, nothing like giving bartering a good kick start than to implement a cashless monetary system.

I will trade Tide for ammo.
Anonymous Coward
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03/19/2012 06:28 PM
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Re: Sweden Goes Cashless--US Next
cashless = no black market

not a problem as long as participation in the official economy is managed in a fair way

the problem is that we don't have faith that participation in the official economy WILL be managed in a fair way
Anonymous Coward
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03/19/2012 06:40 PM
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Re: Sweden Goes Cashless--US Next
But, but, but if we go to a cashless society how are we going to spot terrorists if we don't give them the option to pay in cash?
bigD111

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03/19/2012 08:04 PM

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Re: Sweden Goes Cashless--US Next
What happens when the power goes out...you cannot buy a thing!
Spudz

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03/19/2012 10:55 PM
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Re: Sweden Goes Cashless--US Next
When the government controls all the monies they'll control all of the peoples.....if you are on the list you don't buy sell or have a job to earn.
Medic
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03/19/2012 11:09 PM
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Re: Sweden Goes Cashless--US Next
Exactly no power, or cumputers = no trade. I was in a grocery store a few years back, with debit and cash. The manager announced the debit computers were down in a few states. Line went through entire store waiting for computers to come back up. I had cash and went to Numero uno in line. The other customers not very happy!
Anonymous Coward
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03/19/2012 11:16 PM
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Re: Sweden Goes Cashless--US Next
bsflag
medic
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03/19/2012 11:30 PM
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Re: Sweden Goes Cashless--US Next
Waving the BS flag for whom? my post or OP's? my story is absolutely factual.
Ponytailjones
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Canada
03/20/2012 01:25 AM
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Re: Sweden Goes Cashless--US Next
Cashless economy = immediate and total loss of personal freedom. It basically means no one could ever refuse the system, no matter how corrupt it became.

It won't matter how many guns you have if they can press a button and make it so you can't purchase anything.
With cash you could still exist off the grid, with digital economy, it's either play ball, starve to death, or become a criminal and get thrown in jail.
Anonymous Coward
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03/20/2012 02:00 AM
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Re: Sweden Goes Cashless--US Next
better get ready for return of the barter system
s. d. butler

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03/20/2012 02:04 AM
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Re: Sweden Goes Cashless--US Next
cashless = no black market

not a problem as long as participation in the official economy is managed in a fair way

the problem is that we don't have faith that participation in the official economy WILL be managed in a fair way
 Quoting: Anonymous Coward 3926610


Are you kidding? The "black market" is the real market. The "official economy" will never be "managed in a fair way". The parasites want to steal your money..... and as much of it as they can.
Anonymous Coward
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Sweden
03/20/2012 02:07 AM
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Re: Sweden Goes Cashless--US Next
ABBA?
He couldn´t sing either.
Anonymous Coward
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03/20/2012 02:08 AM
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Re: Sweden Goes Cashless--US Next
Something else will become currency, until they try to outlaw it and boots to faces and etc.
s. d. butler

User ID: 974819
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03/20/2012 02:09 AM
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Re: Sweden Goes Cashless--US Next
When the government controls all the monies they'll control all of the peoples.....if you are on the list you don't buy sell or have a job to earn.
 Quoting: Spudz



They can and will try. Will they be successful? NO. No matter how much they want you to think so, they aren't omnipotent. They depend on compliance. They don't have enough apparatus to enforce at the point of a gun a nation of three hundred million people.
Medic
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03/20/2012 02:12 AM
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Re: Sweden Goes Cashless--US Next
It will pass.... It will take a while, not a long time, but not over night either. Most places dont accept personal checks anymore. Numerous stores do not accept cold hard cash anymore.... Apple stores for example.
s. d. butler

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03/20/2012 02:17 AM
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Re: Sweden Goes Cashless--US Next
It will pass.... It will take a while, not a long time, but not over night either. Most places dont accept personal checks anymore. Numerous stores do not accept cold hard cash anymore.... Apple stores for example.
 Quoting: Medic 1366222



I don't think so. But time will tell. Cash is always king. Whether it is fiat or real money.
Stu

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03/20/2012 02:21 AM

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Re: Sweden Goes Cashless--US Next
[link to www.cbsnews.com]

(AP) STOCKHOLM - Sweden was the first European country to introduce bank notes in 1661. Now it's come farther than most on the path toward getting rid of them.

"I can't see why we should be printing bank notes at all anymore," says Bjoern Ulvaeus, former member of 1970's pop group ABBA, and a vocal proponent for a world without cash.

The contours of such a society are starting to take shape in this high-tech nation, frustrating those who prefer coins and bills over digital money.

In most Swedish cities, public buses don't accept cash; tickets are prepaid or purchased with a cell phone text message. A small but growing number of businesses only take cards, and some bank offices — which make money on electronic transactions — have stopped handling cash altogether
 Quoting: TonyTouch



Greece is next

Thread: Greece on the breadline: cashless currency takes off
_____________________________________
There is no use removing doubts one by one. If we clear one doubt another doubt will arise and there will be no end of doubts. But, if by seeking the doubter, the doubter is found to be really non-existent, then all doubts will cease. -- Ramana Maharshi


You have to keep breaking
your heart until it opens.

~ Rumi
Medic
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03/20/2012 02:24 AM
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Re: Sweden Goes Cashless--US Next
I agree cash is king, i use it all the time. look at this link for a cashless ATM..... www posatm.com
Medic
User ID: 1366222
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03/20/2012 02:31 AM
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Re: Sweden Goes Cashless--US Next
Maybe a cashless society would put payday loan companies out of business.... we could only hope.
Dance in the Dark

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03/20/2012 07:29 PM
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Re: Sweden Goes Cashless--US Next
bump
Chrit

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03/20/2012 07:35 PM

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Re: Sweden Goes Cashless--US Next
cashless = no black market

not a problem as long as participation in the official economy is managed in a fair way

the problem is that we don't have faith that participation in the official economy WILL be managed in a fair way
 Quoting: Anonymous Coward 3926610


You’re forgetting the "Tide detergent" black market; they will always be trading illegally.



Your right I have no faith in electronic money.
I'm only human, it's my biggest flaw.

We must all realize a sink a chair and a pillow are all luxuries of home and a soldiers helmet takes the place of all three.
Anonymous Coward
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03/20/2012 07:39 PM
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Re: Sweden Goes Cashless--US Next
cashless = no black market

not a problem as long as participation in the official economy is managed in a fair way

the problem is that we don't have faith that participation in the official economy WILL be managed in a fair way
 Quoting: Anonymous Coward 3926610


You’re forgetting the "Tide detergent" black market; they will always be trading illegally.



Your right I have no faith in electronic money.
 Quoting: Chrit


If they are ever able to get the Tide detergent black market under control they will then have to worry about the peanut butter black market. That's my prediction, anyway. Lots of people eating peanut butter and it's getting really expensive, these days. Who doesn't recognize Jif?
Anonymous Coward
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03/20/2012 07:51 PM
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Re: Sweden Goes Cashless--US Next
You will have personal freedoms. They will keep saying over and over that you are free and you willbelieve it and repeat it just like you are doing now.
Medic
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United States
03/21/2012 01:00 AM
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Re: Sweden Goes Cashless--US Next
Ive been in a grocery store when the debit computers went down before. I always pay cash, so I went to the front of the line, a very long line. I use debit also, but not usually.

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