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Do you want a cashless society?

Do you want a cashless society?

  • Total voters
    22
Judge said:
True dat. Deficit spending from the very top to the very bottom of the economic strata. Where an entire nation's net worth is based only on the perception of an anticipated Gross Domestic Product.

With whatever gold reserves they have chosen not discussed in polite conversation....

Reminds me of the fools controlling our branch budget, which primarily compensated employees only on the basis of their anticipated job performance and profitability. Not their real output. A process that allowed for an uncomfortable degree of bias and shenanigans. :rolleyes:
Click to expand...

We haven't even seen the tip of the shenanigans iceberg.
 
Ronald Zeeman said:
I remember the couple of days we had here when the power system broke no electricity for a few days blackout no traffic lights no news no going to work, fridge not working no cooking.
Click to expand...

That situation is not uncommon in hurricane territory where I live. Everyone knows cash is king when everything is shut down with no relief in sight.
 
Aspergers_Aspie said:
Do you want a cashless society? More businesses are not allowing cash? Even Edinburgh leisure now for their gyms.
More and more bank branches, post offices and ATMs are closing
Click to expand...
Cashless = less tax avoidance.
On the surface of it, I think that is a good thing.
 
Misery said:
One thing that occurs to me is that going cashless means you might be less likely to drop it all over the place. Card stays wedged somewhere, half the time you dont even need to pull it out. But a blob of awkwardly held cash? Yeah great way to lose it.

Something I'll always remember is walking down a tunnel at a convention, there wasnt anyone else in it somehow at the time, and I just found $70 on the floor. Just a wad of cash laying there. Not in a wallet or anything, JUST the cash. No way to know who dropped it or anything.

I bought something or other with it, because what the heck else was I going to do? I felt bad for whoever dropped it though. Could have been their entire spending money for that event.
Click to expand...
It was me.
I dropped it.
Can I have it back?
 
Ronald Zeeman said:
I remember the couple of days we had here when the power system broke no electricity for a few days blackout no traffic lights no news no going to work, fridge not working no cooking.
Click to expand...
I can't remember the last time I experienced a power outage.
It depends on where you live, I guess.
 
JayLapointe said:
I wanted to add above, that if you don't like the thought of digital currency and or banks, then instead of cash you should look into gold and other precious metals that you can keep wherever you want, and that will also typically with time increase in value, unlike cash. And typically anytime there are major market troubles, gold usually goes up.
Click to expand...
Bank shares have done much better than physical bullion, I believe.
Correct me if I am wrong.
A can't be bothered Googling.

I was lucky to get mine when I did.
Pure dumb luck.
 
Ronald Zeeman said:
A few years ago something happened south of the border, huge power blackout lasted two days.
Click to expand...

In the days of Enron parts of the Bay Area were having blackouts and brownouts regularly. Made it a nightmare for corporate executives while we all twiddled our thumbs in the dark with nothing to do. With most proprietors escorting customers off the premises and locking their doors. Ugly times.

Though to this very day PG&E maintains a completely inadequate electrical infrastructure.
 
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I admit I haven't used cash in a few years now, but that's OK when you live in a big city. I keep a few hundred in the wallet for just in case but it never gets touched. I don't miss all the coins I used to end up with.

Ronald Zeeman said:
A few years ago something happened south of the border, huge power blackout lasted two days.
Click to expand...
In the top end of Australia blackouts are common in the wet season, due to trees falling over mostly or sometimes due to lightning. Those blackouts can last for hours or sometimes days. In remote areas sometimes for weeks because roads are flooded and regions are isolated.

Then there's the other little blackouts that only last for a few seconds to a few minutes. Those are from the fruit bats, they sit (hang) on powerlines the same as birds do but they have a 4 to 5 foot wing span and can swing across to the next line. The power automatically resets as soon as the bat has finished sizzling.
 
Jonn said:
Bank shares have done much better than physical bullion, I believe.
Correct me if I am wrong.
A can't be bothered Googling.

I was lucky to get mine when I did.
Pure dumb luck.
Click to expand...
Honestly I've invested in both. I should have added that gold is just one of many things that should be in a diversified portfolio. The main point was that long term savings in the form of cash alone isn't the best idea.
 
Ronald Zeeman said:
A few years ago something happened south of the border, huge power blackout lasted two days.
Click to expand...

We had no electricity at our house for 8 days after Hurricane Katrina devastated the Mississippi Gulf Coast. Our brick home quickly became a brick oven due to the heat and I cooked thawing food outside on the smoker and the grill. When something thawed, I cooked it. A brother killed his sister fighting over the last bag of ice at a convenience store, that's how bad the heat was.

That horrible experience prompted us to buy a portable generator to run essential things like the refrigerator, a small induction stove, and some air conditioning window units we bought and installed. We got by with that arrangement for many years but as we aged, it got harder to drag out the generator, hook it up to extension cords running all over the house, and put the A/C units in windows, in the midst of a violent tornado outbreak, an ice and hailstorm or other violent weather. We then got a whole house generator and a 500 gallon propane tank to run it. It comes on automatically when the power goes out and it runs everything, including the central HVAC system, in our house. It has been a lifesaver for us.
 
Crossbreed said:
How long is 500g expected to last?
Do you stand a chance of losing NG service?
Click to expand...

I estimate we can run our entire house for at least a week. There are many NG companies in this area so as long as roads are passable, they'll deliver gas within half a day of our request. We keep an eye on the tank gauge and never let it go below 50%.
 
Outdated said:
I admit I haven't used cash in a few years now, but that's OK when you live in a big city. I keep a few hundred in the wallet for just in case but it never gets touched. I don't miss all the coins I used to end up with.


In the top end of Australia blackouts are common in the wet season, due to trees falling over mostly or sometimes due to lightning. Those blackouts can last for hours or sometimes days. In remote areas sometimes for weeks because roads are flooded and regions are isolated.

Then there's the other little blackouts that only last for a few seconds to a few minutes. Those are from the fruit bats, they sit (hang) on powerlines the same as birds do but they have a 4 to 5 foot wing span and can swing across to the next line. The power automatically resets as soon as the bat has finished sizzling.
Click to expand...
Why I got a surge protector installed in my house,l would not help in large black out small blackouts happen all the time as city grows.
 
Mary Terry said:
We had no electricity at our house for 8 days after Hurricane Katrina devastated the Mississippi Gulf Coast. Our brick home quickly became a brick oven due to the heat and I cooked thawing food outside on the smoker and the grill. When something thawed, I cooked it. A brother killed his sister fighting over the last bag of ice at a convenience store, that's how bad the heat was.

That horrible experience prompted us to buy a portable generator to run essential things like the refrigerator, a small induction stove, and some air conditioning window units we bought and installed. We got by with that arrangement for many years but as we aged, it got harder to drag out the generator, hook it up to extension cords running all over the house, and put the A/C units in windows, in the midst of a violent tornado outbreak, an ice and hailstorm or other violent weather. We then got a whole house generator and a 500 gallon propane tank to run it. It comes on automatically when the power goes out and it runs everything, including the central HVAC system, in our house. It has been a lifesaver for us.
Click to expand...
During the big blackout here they had block parties shared food so it would not go bad barbecued meat. For us we put perishables in camping coolers for few days. after I got home from work, which was fun all traffic lights out.
 
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Ronald Zeeman said:
During the big blackout here they had block parties shared food so it would not go bad barbecued meat. For us we put perishables in camping coolers for few days. after I got home from work, which was fun all traffic lights out.
Click to expand...

Our community did the same thing but a "block" for us is about 30 square miles. There was no ice so camping coolers were not an option. It was a hard time for everyone.
 
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