Can people exist without physical Currency? Will this change?

.. and anyway the injuns had wampum, and if they take cash away from us then we will barter or find another medium of exchange or use their system against them. They are big and clumsy, we are small and adaptable. The Art of War, read it
people.
Thank you, read Sun Tzu. The "Indians". They survived. Decimated. Threw a few casinos their way.
 

What happens when the lights go out? After Helene hit there was no power for 50 miles, foe over a week. No computers to do the banking... IF you found someplace that had a back-up generator and supplies, it was cash only... One chain store main computer center was flooded and destroyed... cash only for over 3 weeks. We have emergency cash on hand, Plus plenty of change, silver ammo and other collected items for barter.
 
We use very little cash.
It is faster, easier, and safer to use a CC instead of cash. The perks are great also!
All arenas, ball parks, and theaters in my area are completely cashless. The venues have reverse ATMs to convert your cash into a card if you don't have one.We do use cash to tip Lou, the usher who cleans our seats at the baseball games.
I don't see how cashless would result in a barter system as described in the first post. You need CCs for online purchases, reservations, etc. Bartering is useless.
 
I don't understand. Please explain Georgie.
Since Corona exist several critical influencers on the net. Especially these ones and critics of the German migration politics get their bank accounts cancelled. Even journalists.

The last examples are "Auf1.tv" in Austria and "Kontrafunk" in Germany.

The first one provides daily news at 6 p.m. (Monday to Friday). Their Austrian bank account was terminated, since that time they have a new one in Hungary.

The German "Kontrafunk" is broadcasting the whole day. Only some days ago they also got their bank account cancelled and had to look for another one.

Or Boris Reitschuster, a renowned German journalist, who worked for the magazine "Focus" some years ago. He was a member of the German "Federal Press Conference". He was cast out there, got his bank account terminated and even received death threats. He got away to Montenegro and continues his work from this country.

The banks don't justify their decisions, they just do it.

Perhaps you get it if I do a transfer to the USA. You have the First Amendmend, which guarantees the freedom of speech. Now imagine that journalists like Joe Rogan, Alex Jones or Tucker Carlson (you may like them or not) who criticize the government get their bank accounts cancelled. Exactly this happens in both countries I mentioned.
 
I am so against getting rid of cash, I use cash everywhere I go... Because once we go cashless, the governments have full control over you... No more having work done around your property, unless you pay cash, no more garage sale shopping, OH, you used all your fuel or electricity, you don't have enough cashless in your account... Think hard if this is the way you want to go... Governments are all for a cashless society so they can control you better... and when scammers figure out how to defeat your card... as the bible says, they will have a mark or something under our skin to pay for things... Just be careful about what YOU wish for...
I agree with you completely. There is however a "but", a very big "BUT". If you have been follwoing the BRICS then you know what I am going to say. Cash? Yes, well cash. But what is it really worth?

The Yankees crank up the printing machine whenever they need cash. But what is it based upon? Nothing. There goes inflation. In addition to that the Yankees can (and have) "freeze" your cash. By the press of a button, your money (cash or otherwise) is rendered worthless.

Dollars? Rubles? Euros? It's a gamble. That's all it is. Can we trust the Americans to honour their chips? No, we cannot and we know we cannot. Can we trust the Canadians? The Russians? Anyone? It's a gamble. We have read about some awful developments in history and we are in the middle of another one right now.
 
We use cards for general purchases and the rewards points as play money. City charges for paying water with a card so does the county for real estate taxes.

Some things are better paid cash - yard services, small contract jobs, toys. Smaller businesses tend to discounts for cash.
 
We don't use clam shells as a form of money anymore. Nor do we use Roman denarii. Today, more and more are going cashless. Does it really matter if an item costs $29.95 in currency or $29.95 via card? Can things happen with electronic transactions? Yes. But what happens if your mattress is stuffed with your life savings in cash, and the house burns down. There are still some transactions that require cash, like buying crack, paying prostitutes, or income tax evasion, etc.
I've been cashless for 20+ years, and if I paid in cash all those years, it wouldn't have benefited me at all. I've saved the cost of stamps and checks.
 
Yes … I exist without any paper money, and have for several years now. it has never stopped me from having everything I need/want in life.

It never occured to me that it seems strange to some people that it can be a way of life …. but it works just fine for me.


I do have a jar of coins when I feel like buying a soda in the machine in the Senior Community Center, or hand the grandkids change for something, but that’s it..
 
Since Corona exist several critical influencers on the net. Especially these ones and critics of the German migration politics get their bank accounts cancelled. Even journalists.

The last examples are "Auf1.tv" in Austria and "Kontrafunk" in Germany.

The first one provides daily news at 6 p.m. (Monday to Friday). Their Austrian bank account was terminated, since that time they have a new one in Hungary.

The German "Kontrafunk" is broadcasting the whole day. Only some days ago they also got their bank account cancelled and had to look for another one.

Or Boris Reitschuster, a renowned German journalist, who worked for the magazine "Focus" some years ago. He was a member of the German "Federal Press Conference". He was cast out there, got his bank account terminated and even received death threats. He got away to Montenegro and continues his work from this country.

The banks don't justify their decisions, they just do it.

Perhaps you get it if I do a transfer to the USA. You have the First Amendmend, which guarantees the freedom of speech. Now imagine that journalists like Joe Rogan, Alex Jones or Tucker Carlson (you may like them or not) who criticize the government get their bank accounts cancelled. Exactly this happens in both countries I mentioned.
Sources please. thank you.
 
No cash would suck. My whole adult life I have worked side jobs for cash and paid cash to others that did side work for me. Since retiring, I do only cash work. It's more affordable for the people that I do work for and no paperwork.
When I had some excavating and concrete work done I let them know cash before work started. A big smile on their faces. No paperwork for them and lower price for me. Big win all around.
 
We in the Uk are fast heading towards a cash free society...


They've already closed the vast majority of our banks

Many supermarkets only open Cashpoints which only take card as payment....

Most of the public transport, majorly take Card payment in perference to cash..
There have been at least two recent scares, when the card system crashed and no payments could be processed. Hopefully, this will act as a warning how foolish it is to abolish cash.
I don't know what the customers did, but if they took their cash to the nearest corner shop or a supermarket which still takes cash (like Iceland), then Tesco and Asda will have lost a lot of money.
 
We don't use clam shells as a form of money anymore. Nor do we use Roman denarii. Today, more and more are going cashless. Does it really matter if an item costs $29.95 in currency or $29.95 via card? Can things happen with electronic transactions? Yes. But what happens if your mattress is stuffed with your life savings in cash, and the house burns down. There are still some transactions that require cash, like buying crack, paying prostitutes, or income tax evasion, etc.
I've been cashless for 20+ years, and if I paid in cash all those years, it wouldn't have benefited me at all. I've saved the cost of stamps and checks.
Certainly, but we're talking about a different scenario, one in which cash is taken out of the picture.
 
I pay at larger stores by credit card, and get redeemable dollar credits on my MasterCard, but some local restaurants have a 3% surcharge when paying by credit card, and a few local businesses do not accept credit cards at all.
 
There have been at least two recent scares, when the card system crashed and no payments could be processed. Hopefully, this will act as a warning how foolish it is to abolish cash.
I don't know what the customers did, but if they took their cash to the nearest corner shop or a supermarket which still takes cash (like Iceland), then Tesco and Asda will have lost a lot of money.
unfortunately rather than take their custom to the corner shops.. most people ordered online..of course using plastic...
 

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