Cashless Society

[skrunt]

I am a business major and one of the first classes i took was business 101 and the professor use to be a banker. This man has been preaching cashless society since late 70s / early 80s. I for one think it will come to pass because the horrible drug trade happening in America. This particular topic will elad to the mark of the beast comment but the economic impact of this move toward one world currency/one world bank and possibly the chip in the hand that will act like the mark of the beast possibly.

what is your opinion on this?

[Bodude]

One of the theories I originally heard when we changed the currency to the new style was that the "old style" currency would eventually be declared invalid,thus making a lot of poor drug lords with hordes of cash.
As far as a cashless society goes,I think we are almost there. Even soda machines take credit cards now, and some of the new "tap" or "wave" style credit cards make cash seem almost obsolete. Look at what we see on TV also. The commercials where everything comes to a stop because one poor guy wants to pay with cash portray the cash using individual as an ignorant fool.

[skrunt]

yeah those comercials really bring home a point. the "tap and go" credit cards are the newest thing and then when you pay @ MCdonalds w/ a card you dont even have to sign anything (some one could steal your cc and go buy a bunch of bigmacs :-s ). good points though

[Chariots]

I think many Americans are cashless already. Auto deposit, bill pay, and debit cards. Money comes in money goes out and the Gov. didn't have to replace any bills for wear and tear.

The other form of cashless is, B-R-O-K-E ! If we aren't one form we are the other.

They may not have to make it illegal to deal in cash. Dealing in cash will be a major cramp in our style. Imagine how embarassed we are when an item we are purchasing doesn't scan. "Price check on pimple medication please" is broadcast over the speaker system. Now imagine "Manager needed on auto checker isle 45 to convert old cash". Soon no one will want to be caught dead with cash.

The points where cash converts from physical to digital will become control points or choke points. Many normal activities gas purchases, and grocery shopping are already going to auto check out. No tellers to give you change. They can do cash collecting machines but that is more costly than the debit card swipers. Many gas stations have pre-pay for cash customers while the credit/debit (digital) money customers are there and gone before you can wait in line to give your $40 to the teller so she can turn your pump on. I can see this coming like a freight train.

[skrunt]

excellent point!

the way i was seeing it was a charismatic figure would rise up and convince everyone the way to stop drugs (which is extremely bad right now) is to have a cashless society but as you was saying its probably gonna be wanted instead of forced, now i understand and agree to your point. i figure it will be a major role in the end times, mark of the beast and it will give humungous control to the antichrist/false prophet.

[springfield]

I read an article in, I think it was the Times, about how cash is still very big in the luxury goods market. People don't want their significant others to know how much they spent on a toy or other luxury item like a designer handbag, so they pay cash. The article talked to a lot of various shopkeepers and salespeople who said they routinely see customers haul out thousands in cash to pay for their purchases. It was an interesting point. Heh.

[Old 33]

One of the theories I originally heard when we changed the currency to the new style was that the "old style" currency would eventually be declared invalid,thus making a lot of poor drug lords with hordes of cash.
I wouldn't put too much credibility in those rumors. We changed to the "new style" currency some time ago. The old currency is gradually taken out of circulation routinely, as the bills become worn. Every year the Federal Reserve replaces billions of dollars in paper bills with new paper bills, taking the old ones out of circulation and destroying them.

Example: look at the dollar bills you have right now. Chances are, most of them are Series 2003 or 2003A (they'll be signed by John Snow). You'll be hard pressed to find one from 1995 (Robert Rubin), or 1993 (Lloyd Bentsen)...or even earlier.

[Cameron]

Cash is cumberson and electronic transfers are the wave of the future. I would not be overly concerned about it, but I definitely would not get a chip implanted into my right hand.

However, I believe that the mark of the beast comes after the rapture, so not to worry if you are rapture ready.

But prior to that time, there may well be a body mark to allow financial transactions to occur.

This would immediately destroy the drug trade if currency was abolished. Of course barter would likely be involved, (a car for a hit) but it would do serious damage to the guys on the corner with the little bags for sale.

I use my debit card all the time and seldom write a check except for bills. I can see cash becoming obsolete soon without a major disruption to the public.

Just don't take that implant, unless you put it on your foot.

[Big Daddy]

I can understand why the professor would endorse a cashless society.
Especially as he is an ex-banker.
It's more efficient.

Look at the history of money. At one time didn't people just barter goods and services for kind? Then to be more efficient, we started to use precious metal, something rare, to hold a value for our goods and services. Made it easier to account.

Then instead of carrying all that heavy metal around, we went to paper notes that could be redeemed for the weight in the silver/gold.
Then we went off that standard and just use the same notes as a "promise" to give a service or goods of set value in exchange for the note.

So everyone moves these pieces of paper around. The people (the banks/fed) that print them and account for where they go, and who owes who how many, and what their value is, (they also need to take their piece for all this accounting) just want to do it a better way.

The notes are only worth what they say they are, so eliminate them and just use a ledger to keep track of the accounts and balances. With todays technology, it is easy for them to do.

Also, as was mentioned about the drug trade, it would bring into account all the transactions that are done underground, although the banks get a piece of that trade already. The amounts of money that move around with any illegal activity doesn't happen without bankers involved at some level.

Money is only a substitute for a persons labor.
The more in debt a person or nation becomes, they become more enslaved to another, the one that holds that debt.

For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows.
Today, money is being used to enslave people and nations.
If one steps back from their day to day life, and looks at the big picture and thinks globally, and looks at how the IMF and the World Bank operate in the affairs of nations, it looks like the whole world is being brought into a system of control.
A cashless means of exchanging goods and services is a small step in bringing about a new way of doing things. It conditions people to not think so much of the paper they hold in their hands. Instead, just know that if you work, if you produce, you will get sustenance.
At some point, one will be required to use this system in order to live in the world the way they have become accustomed to. The things that people are conditioned to want and do (to covet) will enslave them. And they will do it willingly too.

JMHO

[sophie]

Cash is cumberson and electronic transfers are the wave of the future.

Only on rare occassions do I use credit, and I refuse to have a debit card. Pure and simple, I don't like "Big Brother" knowing everything I buy. If others are inconvenienced by me using cash, too bad!:heh

ET's may be the wave of the future but if an EMP were to hit us, or something equally destructive, all you cashless people would be scrambling!

I work for the Feds. And just today I saw the mainframe computer (based in Minnesota, - I'm in Illinois), discombobble a travel voucher, which was entered correctly. It took the entry of $20.00 and turned it into $2.00. An entry of $564.00 was turned into $5.64. You all remember the computer from 2001 A Space Odyssey, Hal??????? Be Afraid. Be VERY Afraid!