The end of cash?

[Puddy_Tat]

I got some conspiracy theory leaflets through the door the other week - vaccines, 15 minute cities, renewable energy (which did make me wonder a bit who's funding them), abolishing cash...

 

[phildwyer]

No surprise to see that the only major Western politician to speak about the political implications of this has been Donald Trump. Still less of a surprise to find that the liberal MSM haven't even heard about it yet, and still think it a good idea to mock Trump on the subject:

https://cointelegraph.com/news/saturday-night-live-pokes-fun-trump-debanking-no-joke

 

[cupid_stunt]

No surprise to see that the only major Western politician to speak about the political implications of this has been Donald Trump.

That's bollocks, it's been a hot topic in the UK, and I am sure you know that.

 

[UnderOpenSky]

It's shit how banks can do it and give so little information, but unless your keeping 1000s under the bed in cash and somehow get paid in cash, I'm not sure how it's relevant to what method we use to pay for things.

 

[phildwyer]

That's bollocks, it's been a hot topic in the UK, and I am sure you know that.

I don't know it at all. Who's been talking about the dangers of political debanking then?

 

[cupid_stunt]

I don't know it at all. Who's been talking about the dangers of political debanking then?

And, I don't believe you, based on all your recent dishonest posts, you're just trying to big up Trump again.

IF, you are truly that ignorance, google will provide you with the answer.

 

[andysays]

No surprise to see that the only major Western politician to speak about the political implications of this has been Donald Trump. Still less of a surprise to find that the liberal MSM haven't even heard about it yet, and still think it a good idea to mock Trump on the subject:

https://cointelegraph.com/news/saturday-night-live-pokes-fun-trump-debanking-no-joke

No surprise to see you continuing your Trump fanboy nonsense.

And debanking isn't the same as the spread of cashless payments, which is what this thread is about.

 

[phildwyer]

And, I don't believe you, based on all your recent dishonest posts, you're just trying to big up Trump again.

IF, you are truly that ignorance, google will provide you with the answer.

Oh right, Farage. I suppose they'll start with people like him, who enjoy very little sympathy from the kinds of people who would normally protest against such things. But it won't end with people like him. It's an extremely potent weapon if you think about it.

 

[phildwyer]

debanking isn't the same as the spread of cashless payments, which is what this thread is about.

The end of cash makes debanking possible. That's the whole point of it.

 

[cupid_stunt]

Oh right, Farage. I suppose they'll start with people like him, who enjoy very little sympathy from the kinds of people who would normally protest against such things. But it won't end with people like him. It's an extremely potent weapon if you think about it.

And, it has nothing to do with this thread.

 

[phildwyer]

And, it has nothing to do with this thread.

Yes it does. The rise of a cashless society enables the banks to nick your money if they don't like the cut of your jib.

 

[andysays]

The end of cash makes debanking possible. That's the whole point of it.

Did you come up with this all by yourself, or is it the subject of Tucker Carlson's latest youtube video?

 

[hash tag]

It's shit how banks can do it and give so little information, but unless your keeping 1000s under the bed in cash and somehow get paid in cash, I'm not sure how it's relevant to what method we use to pay for things.

I know of some who has a few thousand in cash scattered around their house and I am sure there are many more who do the same. Some do it to hide it from the eyes of people who assess you for benefits.

 

[PR1Berske]

No surprise to see that the only major Western politician to speak about the political implications of this has been Donald Trump. Still less of a surprise to find that the liberal MSM haven't even heard about it yet, and still think it a good idea to mock Trump on the subject:

https://cointelegraph.com/news/saturday-night-live-pokes-fun-trump-debanking-no-joke

Oh don't pollute this thread with your pro-Trump propaganda. You stink up every thread you touch, and have been barred from a handful of them that I know about.

 

[phildwyer]

Oh don't pollute this thread with your pro-Trump propaganda. You stink up every thread you touch, and have been barred from a handful of them that I know about.

The thing is, it really ought to be the Left complaining about this. But afaics politicians on the British Left simply can't understand the political implication or, perhaps more likely, they fear alienating their corporate paymasters by mentioning it. So it's only the likes of Trump and Farage who are protesting. Not my fault is it?

 

[PR1Berske]

The thing is, it really ought to be the Left complaining about this. But afaics politicians on the British Left simply can't understand the political implication or, perhaps more likely, they fear alienating their corporate paymasters by mentioning it. So it's only the likes of Trump and Farage who are protesting. Not my fault is it?

Oh get back on ignore you right-wing nonsense.

 

[Pickman's model]

The thing is, it really ought to be the Left complaining about this. But afaics politicians on the British Left simply can't understand the political implication or, perhaps more likely, they fear alienating their corporate paymasters by mentioning it. So it's only the likes of Trump and Farage who are protesting. Not my fault is it?

Everyone's complaining about your fuckwittery.

 

[wemakeyousoundb]

Yes it does. The rise of a cashless society enables the banks to nick your money if they don't like the cut of your jib.

they don't nick your money, they say take it elsewhere and don't let the door hit you on the way out

 

[kabbes]

It really isn't. It's true, cash doesn't go down or get hacked.

Oh noes?

2016 Indian banknote demonetisation - Wikipedia

en.m.wikipedia.org

“On 8 November 2016, the Government of India announced the demonetisation of all ₹500 and ₹1,000 banknotes of the Mahatma Gandhi Series. It also announced the issuance of new ₹500 and ₹2,000 banknotes in exchange for the demonetised banknotes.”

“ The announcement of demonetisation was followed by prolonged cash shortages in the weeks that followed, which created significant disruption throughout the economy.[5][6][7] People seeking to exchange their banknotes had to stand in lengthy queues, and several deaths were linked to the rush to exchange cash.”

 

[hash tag]

Not dead yet Use of physical cash one for the up for first time in at least a decade

 

[pbsmooth]

you could probably track the rise as a neat line alongside the rise of conspiraloons on social media.

 

[danny la rouge]

Not dead yet Use of physical cash one for the up for first time in at least a decade

“Use of physical cash one for the up for first time in at least a decade”​

Can anyone help me parse that? I can’t make sense of it. Are they referring to the term M1 and making a mess of understanding it?

 

[pbsmooth]

good point. what a cock-up. presume they mean 'on the up'.

 

[danny la rouge]

good point. what a cock-up. presume they mean 'on the up'.

Ah! Cheers.

 

[kabbes]

It’s a three month old story and we discussed it at the time it came out. Basically, the use of cash is up because, amongst other things, inflation is high so the use of money generally is up. Cash continues to fall as a percentage of all transactions, though.

 

[hash tag]

It was chaos in the supermarket just now. many cards are not working and huge queues for tills and the cash point outside as some people can only pay with cash

 

[PR1Berske]

Queues of people at cash machines outside Sainsbury's because their card machines are down and nobody can do contactless payments. Always good to have a fallback option.

 

[PR1Berske]

It was chaos in the supermarket just now. many cards are not working and huge queues for tills and the cash point outside as some people can only pay with cash

Spooky coincidence of posting at the same time

 

[xenon]

Not much of a fullback option if the ATMs run out of cash due to hire demand. unless you are in the habit of keeping hundreds in cash on your person.

 

[andysays]

Looks like it's not just a card issue,

Sainsbury's: 'Vast majority' of deliveries cancelled over technical issues​

Sainsbury's says it will not be able to fulfil the "vast majority" of online deliveries on Saturday because of "technical issues". Customers have been contacting the supermarket on social media to report issues with their online orders. Some stores are also having issues with contactless payments and chip and pin. Sainsbury's apologised to customers and said it was working hard to fix the issue caused by an overnight software update.