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| 02:03 AM | ||
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| 02:03 AM | ||
Sweden Goes Cashless--US Next | |
| TonyTouch Offer Upgrade  User ID: 1116930  United States03/19/2012 05:32 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 668457 United States03/19/2012 05:35 PM Report Abusive Post Report Copyright Violation | |
| TonyTouch (OP) User ID: 1116930 United States03/19/2012 05:36 PM Report Abusive Post Report Copyright Violation | |
| Limpan User ID: 1474973  Sweden03/19/2012 05:38 PM  Report Abusive Post Report Copyright Violation | |
| Burt Gummer User ID: 7702124 United States03/19/2012 05:41 PM  Report Abusive Post Report Copyright Violation | [link to www.cbsnews.com] Quoting: TonyTouch (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 That's all well and fine until one day and EMP hits or their grid is attacked. Watch the ensuing chaos....and laugh.   Last Edited by Useless Cookie Eater on 03/19/2012 05:41 PM |
| Anonymous Coward User ID: 12791878 United States03/19/2012 05:41 PM Report Abusive Post Report Copyright Violation | [link to www.cbsnews.com] Quoting: TonyTouch (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 Thread: Inside The LC: The Strange but Mostly True Story of Laurel Canyon and the Birth of the Hippie Generation |
| Oldcrow64 "Downwards is the only forwards" User ID: 1022420 United States03/19/2012 05:47 PM  Report Abusive Post Report Copyright Violation | |
| TonyTouch (OP) User ID: 1116930 United States03/19/2012 05:48 PM Report Abusive Post Report Copyright Violation | [link to www.cbsnews.com] Quoting: TonyTouch (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 That's all well and fine until one day and EMP hits or their grid is attacked. Watch the ensuing chaos....and laugh. Yep, nothing like giving bartering a good kick start than to implement a cashless monetary system. I will trade Tide for ammo. |
| Anonymous Coward User ID: 3926610 United States03/19/2012 06:28 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 1447583 United States03/19/2012 06:40 PM Report Abusive Post Report Copyright Violation | |
| bigD111 User ID: 4221691 United States03/19/2012 08:04 PM  Report Abusive Post Report Copyright Violation | |
| Spudz User ID: 12808293 United States03/19/2012 10:55 PM  Report Abusive Post Report Copyright Violation | 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. A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain. Mark Twain |
| Medic User ID: 1366222 United States03/19/2012 11:09 PM Report Abusive Post Report Copyright Violation | 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 User ID: 1152154 United States03/19/2012 11:16 PM Report Abusive Post Report Copyright Violation | |
| medic User ID: 1366222 United States03/19/2012 11:30 PM Report Abusive Post Report Copyright Violation | |
| Ponytailjones User ID: 12168657  Canada03/20/2012 01:25 AM Report Abusive Post Report Copyright Violation | 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 User ID: 2580226 United States03/20/2012 02:00 AM Report Abusive Post Report Copyright Violation | |
| s. d. butler User ID: 974819 United States03/20/2012 02:04 AM Report Abusive Post Report Copyright Violation | cashless = no black market Quoting: Anonymous Coward 3926610 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 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 User ID: 12819460 Sweden03/20/2012 02:07 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 12802305 Canada03/20/2012 02:08 AM Report Abusive Post Report Copyright Violation | |
| s. d. butler User ID: 974819 United States03/20/2012 02:09 AM Report Abusive Post Report Copyright Violation | 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 User ID: 1366222 United States03/20/2012 02:12 AM Report Abusive Post Report Copyright Violation | |
| s. d. butler User ID: 974819 United States03/20/2012 02:17 AM Report Abusive Post Report Copyright Violation | 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 User ID: 3643288 United States03/20/2012 02:21 AM  Report Abusive Post Report Copyright Violation | [link to www.cbsnews.com] Quoting: TonyTouch (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 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 User ID: 1366222 United States03/20/2012 02:24 AM Report Abusive Post Report Copyright Violation | |
| Medic User ID: 1366222 United States03/20/2012 02:31 AM Report Abusive Post Report Copyright Violation | |
| Dance in the Dark User ID: 12462902 United States03/20/2012 07:29 PM Report Abusive Post Report Copyright Violation | |
| Chrit User ID: 9751094 United States03/20/2012 07:35 PM  Report Abusive Post Report Copyright Violation | cashless = no black market Quoting: Anonymous Coward 3926610 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 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 User ID: 1447583 United States03/20/2012 07:39 PM Report Abusive Post Report Copyright Violation | cashless = no black market Quoting: Anonymous Coward 3926610 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 You’re forgetting the "Tide detergent" black market; they will always be trading illegally. Your right I have no faith in electronic money. 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 User ID: 6367974 United States03/20/2012 07:51 PM Report Abusive Post Report Copyright Violation | |
| Medic User ID: 1366222 United States03/21/2012 01:00 AM Report Abusive Post Report Copyright Violation | |
