Can people exist without physical Currency? Will this change?

V

Vicky

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Location
Pennsylvania, USA
Imagination the world without the paper currency?
How would we pay for items? How would we receive services?
The Cavemen years did not have currency. And they got through it.
The Indians did not have paper currency and they survived.
Charge plates use a digital system of the paper currency.
And then there is cryptocurrency, which I am not familiar with.

Could we live without the paper currency as we know it today?
Do you think the money system will change in the future?


My opinion is that the currency or money that we know of is the easiest method of exchange. If there was no paper currency, then there would be value placed on items such as 3 chairs given for services from a doctor. A dinner prepared for exchange of a set of tools, etc.
I can’t imagine a world without currency, yet charge plates don’t use physical paper currency.​
 

Cashless gets potentially "interesting."

Say the "wrong" thing and it gets reported and you get put on bread and water, nothing elaborate paid for with your account. Not eating enough beets? Your meat turned off. Oversupply of fish bellies? No dairy for you until you buy your share. Didn't ride the bus two days this week? No fuel for your car.
 
dilettante said:
Cashless gets potentially "interesting."

Say the "wrong" thing and it gets reported and you get put on bread and water, nothing elaborate paid for with your account. Not eating enough beets? Your meat turned off. Oversupply of fish bellies? No dairy for you until you buy your share. Didn't ride the bus two days this week? No fuel for your car.
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Your jest has a serious side, what you describe is a George Orwell scenario from his book, 1984. He wrote 1984 to teach people a lesson about the negative things that could happen if they allowed the authorities and those in power to exercise total control. The totalitarian regime of Oceania is able to manipulate their citizens into believing anything, which allows them as much power as they could possibly want.
hollydolly said:
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..
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Go back to Holly's post, see the point that she makes, we are heading towards a card payment system. Put that together with your prophetic vision of the future and you have the perfect Orwellian storm. Total control over a population that has no secrecy in it's spending habits. Cash is anonymous, you can't profile cash spending, so let's replace cash with the ubiquitous plastic card. It makes me glad that I am near life's exit.
 
I used to rely on cash until the pandemic, now I rely on credit cards and my iPhone for most transactions.

I still have not used any of the money movement apps like Venmo.

There would definitely be a bit of a learning curve but I think that we would adapt quickly once we understood the new issues associated with a cashless system.
 
dilettante said:
Cashless gets potentially "interesting."

Say the "wrong" thing and it gets reported and you get put on bread and water, nothing elaborate paid for with your account. Not eating enough beets? Your meat turned off. Oversupply of fish bellies? No dairy for you until you buy your share. Didn't ride the bus two days this week? No fuel for your car.
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It already happens for some years in Germany and Austria. Dozens who criticized the government got terminated their bank account. Some of them by several banks.
 
horseless carriage said:
Your jest has a serious side, what you describe is a George Orwell scenario from his book, 1984.
...
Go back to Holly's post, see the point that she makes, we are heading towards a card payment system. Put that together with your prophetic vision of the future and you have the perfect Orwellian storm. Total control over a population that has no secrecy in it's spending habits. Cash is anonymous, you can't profile cash spending, so let's replace cash with the ubiquitous plastic card. It makes me glad that I am near life's exit.
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This is a crucial argument. Often I am surprised that even so many seniors are paying cashless.
 
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...
 
Vicky said:
The Cavemen years did not have currency. And they got through it.
The Indians did not have paper currency and they survived.
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What incredibly ridiculous examples. Especially the "Indians". I guess you are just being light hearted.
 
mike4lorie said:
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...
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Absolutely spot on, it's what I've been banging the drum about for some time now. Once they have control of your money they have control of your life ....

if for example they don't want you travelling out of your area, they put a stop on your card for fuel or public transport... they don't want you to shop in a certain store.. or buy certain goods.. then your card will be blocked in those areas..

That's just the tip of it...


people who go on about how easy it is using card rather than cash, are in for a big rude awakening.. they think it can't happen well it's already happening... ..and here it's happening fast

We thought when they recently changed our paper notes to Polymer notes which will last a lifetime, and won't even be destroyed in the washing machine.. that this was a sign they wouldn't be withdrawing cash from our society...how wrong we were..
 
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hollydolly said:
Absolutely spot on, it's what I've been banging the drum about for some time now. Once they have control of your money they have control of your life ....

if for example they don't want you travelling out of your area, they put a stop on your card for fuel or public transport... they don't want you to shop in a certain store.. or buy certain goods.. then your card will be blocked in those areas..

That's just the tip of it...


people who go on about how easy it is using card rather than cash, are in for a big rude awakening.. they think it can't happen well it's already happening... ..and here it's happening fast

We thought when they recently changed our paper notes to Polymer notes which will last a lifetime, and won't even be destroyed in the washing machine.. that this was a sign they wouldn't be wothdrawing cash from our society...how wrong we were..
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Well Said!
 
Axel Slingerland said:
IF I recall correctly, I've been using credit cards for about 50 years and ATM point of sale for about 40 years. I very rarely have any cash since about 1985, because if I carry cash, I spend it.
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...and if you rely soley on Cards in the very near future you may find yourself in the same situation as us, and other countries where the govt will eventually control your life though your own money...

here it's started with the removal of our banks....
 
I pay cash for almost everything that I buy in person. In July of 1969 the US stopped issuing bills larger than $100. Due to inflation today that $100 bill is worth approximately $10 in 1969 money. So it's a pain in the but to carry a decent amount of money in ones wallet. Most ATM's around here only issue $20 bills.

How can you carry a decent amount of cash in a wallet when a $20 bill is the largest you can get, which is only equivalent to about $2 in 1960's money? You can't. Your wallet gets so fat you can't even close it. Thankfully the ATM's at my credit union here in Mobile has the option of dispensing $100 bills. So that's where I usually get my cash. In my opinion we need to start re issuing the $500 and the $1000 bill.
 
mike4lorie said:
Because once we go cashless, the governments have full control over you...
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Too late, they've had control over the people in this country for longer than we've been alive. The US started out a country that was run by people with money, and that will never change. What they do effects us all. I've always described myself as a "Fence Sitting Middle of the Road Moderate", and I am that way intentionally so I can have meaningful discussions with our "leaders" regardless of what kind of political wingnuts they happen to be. The problem with that is you simply can not reason with extremists.
 
Know what I really hate? You go to some place like Lowes or Home Depot and when you go to check out there are no check out lanes open that have a person there. They are all those frickin self check out machines. OK. I can deal with that. Except, out of 8 self service machines 7 of then say "Card Only". And there is only one that says "Cash or Card".

And invaribably at that one cash or card machine there is someone with a whole cart load of items and it takes him forever to check out. And when he's finally finished what do you think he does? He pulls out a card and pays with that! So he tied up the one machine that I can pay cash at and he pays with a card! I feel like choking him till his eyeballs pop out!:mad:
 
Pepper said:
What incredibly ridiculous examples. Especially the "Indians". I guess you are just being light hearted.
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.. 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 therefore clumsy, we are small and therefore adaptable. The Art of War, read it, people.
 

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