Author Topic: Cashless society  (Read 2961 times)

Offline yummymummyof4

  • Newbie
  • *
  • Join Date: Mar 2013
  • Posts: 4
  • Karma: +1/-0
    • View Profile
Cashless society
« on: February 21, 2016, 01:46:03 PM »
I have a question that may seem silly.  If (and when by what I have read) we go cashless what happens to the cash you have "taken out of the system" and is there a place to park your saving besides silver and gold that is safer than any fiat currency?  Just seem s little scary to me to be taking my money out of the system now for it only to evaporate later.  Or maybe I am misunderstanding what I have read on several alternative websites.  Advice please! :)



Offline larkin

  • Sr. Member
  • ****
  • Join Date: Oct 2014
  • Posts: 586
  • Country: us
  • Karma: +67/-4
    • View Profile
Re: Cashless society
« Reply #1 on: February 22, 2016, 07:15:32 AM »
I have a question that may seem silly.  If (and when by what I have read) we go cashless what happens to the cash you have "taken out of the system" and is there a place to park your saving besides silver and gold that is safer than any fiat currency?  Just seem s little scary to me to be taking my money out of the system now for it only to evaporate later.  Or maybe I am misunderstanding what I have read on several alternative websites.  Advice please! :)

Not really silly.. You are suspecting that something is up and you'd be right..

Since your money is no longer earning interest sitting in the bank there is no reason to keep the bulk of it in the bank.  Always take out any surplus beyond bill paying.

Yes, there is a big incentive for banks and governments to get rid of cash in favor of digital transactions.  The production of paper money and coinage is expensive and using your bank card allows them to take a tiny percent on both sides of every transaction on the planet..  Government also likes the idea of your income to be transparent to them so in the long run, this is the plan..

More and more creditors will require direct deposit and direct payment from your bank account.  Even today most over the counter or internet purchases are done with credit or debit cards.

Also, if one day you commit some new invented crime against the state, they can just turn your bank off preventing you from even being able to buy food..

Short of runaway inflation they will not move to eliminate cash immediately. This will be a gradual process much like boiling a live frog in water.  One day, you will wake up and say, "What happened to all the cash?"

FloydPink

  • Guest
Re: Cashless society
« Reply #2 on: February 27, 2016, 01:54:21 AM »
It costs them more money to make the money than the money is actually worth.

Physical currency: You have the money in your hands. They may be able to devalue that money, but they cannot take it from you. Cash can be traced, (it does have serial numbers on the notes) but it cannot be connected to your personal identity not like a debit/credit card.

Cash does have benefits to it, like you can go buy some cocaine anonymously, hire a hit man, or a small army to overthrow a tyrannical government that is causing lots of problems for lots of people.

Offline larkin

  • Sr. Member
  • ****
  • Join Date: Oct 2014
  • Posts: 586
  • Country: us
  • Karma: +67/-4
    • View Profile
Re: Cashless society
« Reply #3 on: April 17, 2016, 04:37:38 PM »
If the banks are not letting your savings earn interest or worse, charging you through negative interest rates, what's the point of putting your money into the bank?
 
Long ago, the term buried treasure had real meaning in that people used to hide their gold and silver.  Today you can use a bank just to cash checks and make payments but I would make a point of withdrawing most of it in cash.
 
It is true that the day may come when the cash itself becomes worthless but there is a period of transition when you might buy gold or silver or a practical business that will be needed even during hard times.

I am partial to junk silver (pre-1965 silver coinage) The day may come when you might feed your family with one or two silver dimes. 


« Last Edit: April 17, 2016, 04:44:09 PM by larkin »

FloydPink

  • Guest
Re: Cashless society
« Reply #4 on: April 18, 2016, 10:11:28 PM »
You have to ask the question, what gives that paper value? How come i cannot rip a piece of paper from a notebook and use that to pay for goods and services? Its paper. Who determines the value of the metal used in coins? Why is copper so cheap and gold so expensive? Who makes that determination? Who's to stop me from picking up a piece of metal from the ground and using that to pay for stuff?

Offline nytransactions

  • X-treme Member
  • ******
  • Join Date: Nov 2013
  • Posts: 1279
  • Country: us
  • Karma: +63/-19
  • Steel Toed Banker
    • View Profile
Re: Cashless society
« Reply #5 on: May 06, 2016, 05:56:16 AM »
Ok.... Walking into a Gap store with junk silver would not work now or ever... But the reality is Gap will not exist soon... Junk silver and gold can always be bought by a metals trader.... If your worried about living in a cashless society.... Then don't worry and put all your money back in the bank.... Those of us that have made changes in our life are doing so because we understand that all of these things they are offering are what will bring down the entire system.... If you plan on living within the system then do nothing they will give you ample opportunity to switch what you have into digital bit coins or whatever they use... There will be a couple different ends of "society" one will comply one will refuse.... If your going to comply no need to worry you and your children will pay to prop up a new system of socialism/communism.... If you refuse... Best that you take all saved money invest into property in the country and start homesteading.... Though it's a little late now unless you have a pile of savings.... God bless!

Offline larkin

  • Sr. Member
  • ****
  • Join Date: Oct 2014
  • Posts: 586
  • Country: us
  • Karma: +67/-4
    • View Profile
Re: Cashless society
« Reply #6 on: May 08, 2016, 12:57:24 PM »
Currently, our entire economy is based on the fiat (petro-dollar) dollar. Today it is the official coin of the realm and will remain so until collapse or hyper-inflation. 
Only disaster or calamity will cause people to consider alternatives and they will only do so out of pure desperation and survival.  They will cling to the worthless dollar until it no longer works.  This is why you should take surplus cash out of the bank.  There will be in interim period where you will need it or want to spend it while it is still worth something.

Just as in Food Stamps, count on the government to digitally inject loads of dollars into people's bank accounts to keep the system functioning. This will result in wholesale destruction of the dollar but it will take some time. Don't reject it, just put your hand out and take everything they offer.

Save your junk silver and use it only when you see it returning to circulation and not before.
Gradually a series of alternatives will enter the market place displacing worthless dollars. (cigarettes, drugs, alcohol, gasoline, fire arms, ect ect)
Take your time.
Ok.... Walking into a Gap store with junk silver would not work now or ever... But the reality is Gap will not exist soon... Junk silver and gold can always be bought by a metals trader.... If your worried about living in a cashless society.... Then don't worry and put all your money back in the bank.... Those of us that have made changes in our life are doing so because we understand that all of these things they are offering are what will bring down the entire system.... If you plan on living within the system then do nothing they will give you ample opportunity to switch what you have into digital bit coins or whatever they use... There will be a couple different ends of "society" one will comply one will refuse.... If your going to comply no need to worry you and your children will pay to prop up a new system of socialism/communism.... If you refuse... Best that you take all saved money invest into property in the country and start homesteading.... Though it's a little late now unless you have a pile of savings.... God bless!
You are perfectly right, Target will not accept junk silver.  They can't, they do not know how. but a small sole proprietorship business does.. Last year, my car needed a $300 repair and I had no money.  I did it in trade for 2, 10oz ingots of silver.  Silver is money.. 
« Last Edit: May 08, 2016, 01:02:38 PM by larkin »