Cashless society

[Blue Mist]

No - next conspiracy theory please.....................

@bluethrunthru you say that but think of it this way. My mam is 88. She can't do online banking. She is just too old. One day you will be 88 and unable to cope with modern life, what will you do ?
It's not a conspiracy theory.
She got an appointment letter for the hospital. Without any explanation on the letter, she was meant to know to scan the QR code onto her mobile phone (that she hasn't got) to get the directions to the ward.
I'm 65 and I was with her and didn't know that either. It's different to what we are discussing but it's the same point. Take cash away and a lot of people are fucked.
Small traders will be forced out of business for one.

 

[Blue Mist]

True or false ? :)

View attachment 86871

False. Most financial crime is now done on the Internet.

 

[Blue Maverick]

Lots of barbers, kebab shops and ice cream parlours, car washes or as they are known in oldham money laundering businesses will hate cashless society

 

[Bill Walker]

Its ok people saying “its ok i do nothing wrong so ive nothing to hide or worry about” but do you want the powers that be following your every move

I dont

Doesn't bother me tbh.
Why would any fucker want to follow my every move ffs.
They'd soon get bored :)

I've not carried cash for years. No idea why people do. If a shop only deals in cash I'll go to a different one.
I get my cc statement every month, I can see every cent I've spent and where.

It also tells me how many airmiles I've earned.
I pay off the balance before any interest is added.

Why would I ever go back to cash ? Id probably lose it somewhere:)

 

[Bill Walker]

False. Most financial crime is now done on the Internet.

Yeah I suppose, scams and that.

But if you're a drug dealer or importer it'd be hard if there was no cash.
Also dealing in stolen goods etc.

Prostitutes might struggle a bit though.

 

[Blue Maverick]

Yeah I suppose, scams and that.

But if you're a drug dealer or importer it'd be hard if there was no cash.
Also dealing in stolen goods etc.

Prostitutes might struggle a bit though.

I just use the swipe system on them ;)

 

[MCFC Wirral]

Lots of barbers, kebab shops and ice cream parlours, car washes or as they are known in oldham money laundering businesses will hate cashless society

Out of habit I don’t think I’d take a card to any of those places.

 

[Blue Mist]

Its ok people saying “its ok i do nothing wrong so ive nothing to hide or worry about” but do you want the powers that be following your every move

I dont

Plus, even if you are goody two shoes, when they, the government, tax etc get it wrong you are fucked.
Debra Adeji was declared bankrupt in 2020 by the Inland Revenue. They were wrong. It took 3 years and a court hearing to sort the matter out. HMRC lied to the judge, (he stated the witness was being disingenuous)
She was simply an employee of a company but they decided they were right and she hadn't paid tax.
If you are bankrupt you will struggle for a mortgage, bank account and even a job.

But yeh, let them have access to everything. Let the banks and the government run our lives.

 

[JASR]

at least cash will still work in the event of digital world crashing

I think ‘cash’ would be far down the list of human immediate issues if the digital world crashed:
Water supply
Food supply
Energy supply
Sewage disposal
Civil disorder
Mass death

Unless you live in an isolated area, off grid, with your own water supply, have storage for years of food and ability to grow your own, and have the capability to really defend your belongings… I’d say most of us in the UK would be dead in 2 months, if a worldwide digital collapse happened.

A major collapse would occur if someone managed to take offline the various GPS satellite systems.

 

[Saddleworth2]

Keep seeing leaflets about the dangers of a cashless society. Will it be that bad if we go totally digital?

what I do know is the banks will be all for it. Just consider a second the cost of maintaining a cash infrastructure: cost of maintaining cash in circulation + reserves with Bank of England, cost of replacing old worn out notes (less since they went polymer), cost of security in Bank Branches, cost of cash centres who clean the notes and redistribute (they can either be owned by the banks or outsourced), the cost of the ATM fleet - capital and maintenance, the cost of transportation of cash to and from the network (our old pals G4S and others) and ATM fleet, cost of insurance, cost of processing customer cash....
Its not like if the amount in circulation reduces by 25% the cost of the infrastructure also reduces by similar amount either. You have to maintain the infrastructure until the last notes are withdrawn. With Banks and Supermarkets for a cashless society, that is a pretty powerful lobby.

Whilst electronic crime might be greater in value than cash crime (I honestly dont know) cash crime is at the dirty end of the scale, drugs especially, slavery, prostitution not to mention armed robbery. Being in a bank branch that has been raided is not fun. A cashless society would not eliminate all these crimes but it would help reduce them.

It will happen. Maybe not 5 years from now but in many of our lifetimes it will happen. Most folk will adjust fairly easily.