Q: Are We 'Sleepwalking' Into A Cashless Society ? | Page 2 | General financial discussion | Discussion forum

MarkFog said

Bill said
If power's out and everything's down I think no-one will take your cash anyway,

Right, and if I had gas to sell you during a power outage I am going to give you credit right?

Is anyone still operating a business? My business had CC services, just as the online swipe services were becoming popular in the 90s. I remember that we still had the back-up paper imprinter machines available. Are they still available or allowable?

Bill said
If power's out and everything's down I think no-one will take your cash anyway, ...

They can. I lived through Ontario outage, I can tell from my experience.

It makes sense to keep some cash in small denominations at home as an emergency fund, but that does not negate the fact that society goes cashless.

When power is out, you can't spend much cash anyway: frozen food, milk, fresh meat and fish - out of the question. To name just few.
Gas stations are off.

You can spend on bottled water and non-perishables. How much you'll need for that, for about 3-4 days, with what you already have at home, for a family of regular size?

Even if cash register is not working, I can leave $5 bill for $3.75 pack of bottled water and not ask for cash change. I don't think merchant will object.

Got some high rollers on this site, I just found out how to save up to 2 cents by using a card instead of cash, beauty!  

I got your sarcasm, but I look at this differently. By paying with cash you are donating 2 cents to Wal-Mart, and also they save on credit card transaction fee. Multiply that by millions and millions transactions, and now you are talking real money - for Wal-Mart.
While I accept the place of companies like Wal-Mart in capitalist world, I am in no mood to donate even one red cent to them.

Alexandre said

I got your sarcasm, but I look at this differently. By paying with cash you are donating 2 cents to Wal-Mart, and also they save on credit card transaction fee. Multiply that by millions and millions transactions, and now you are talking real money - for Wal-Mart.
While I accept the place of companies like Wal-Mart in capitalist world, I am in no mood to donate even one red cent to them.  

You looking at it your way and I look at it my way. What you have described is sort of like what many of us went through in the past 4 years. Remove a little bit of freedom for the exchange of convenience and money. Lots of people opted for convenience and money. Some are dealing with the repercussions for those decisions. Going cashless will have repercussions. It's not to say there won't be ways to get around them even if it is forced on us.

Also, if we go completely cashless, places like Walmart won't be hiring an armoured vehicle to pick up cash. Less personnel to process the cash. That will be savings that they will balance out. With digital finances everything can be calculated very quickly. So you are not hurting them by using your cc. I worked as a cashier throughout the 90s and the cash office was a major task every week. Most stores don't even have a cash office anymore because the cash flow is not there.

Yes, gas stations would be offline, but in a long duration power outage what will be harder to find a can of gasoline or electricity for your EV?

I am very surprised that there are still a large part of the population that still puts full faith in the powers-that-be. It's so obvious they are so capable of telling us the true about what their plans are for us.

Sadly, our data is mined in many ways and then used against us. A cashless society only makes us more drone-like. Yes, cash will become extinct sooner than later. Long live the king.

savemoresaveoften said
...

Actually I would prefer to get paid if I am being traced, not cuz privacy but rather my data should be worth something 🙂  

Your data is being used in so many ways...
https://stopworldcontrol.com/endhumanity/