The move to a cashless society because of a pandemic

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We have been moving to the cashless society before the pandemic. It is just speeding it up.
 
Actually, it does concern me. I don’t like the idea of my expenditures being totally tracked. I also see a danger that your funds can be taken from you or withheld from your use at the whim of whomever or whatever has control of you being able to access the funds.
 
I remember over 40 years ago as a Pentecostal that the cashless society which would usher in the New World Order, and the Mark of the Beast. No more money, we’d all have a mark on our forehead or hand, must have been dozens of books written about it. And it was all happening within 5 years, that would now be over 35 years ago now, still waiting.
 
I have patronized several businesses in the last week, and two had prominent signs pleading a shortage in coins and demanding that customers use cashless payment or exact change only. My friend gleefully ignored the sign and got about $0.60 in coin change from the register.
 
For years I’ve only used cash to play lottery and for a handful of old skool businesses such as some diners that are “cash only” (and mostly patronized by old people). We just got new lottery machines that will take credit cards, so I will have even less need for cash.
 
We here in Victoria are basically in a cashless society at the moment, to slow the spread of Covid.
 
I haven’t used cash in probably 3 years, and it’s so much more convenient, not to mention safer, more secure and more sanitary. Seriously Cash and coins are some of the dirtiest things on the planet.
 
I’m 33. I have rarely used cash during my entire adult life. I don’t get the fear. It’s all arbitrary. Paper bills are just that… a piece of paper that we all agree represents x dollars. An electronic transaction likewise is just an arbitrary representation of dollars. Whether I’m tapping my debit card or giving you a $20 bill, it doesn’t actually objectively mean anything. Cash is nothing… paper…plastic… it has no intrinsic value.
 
Peebo said:
I remember over 40 years ago as a Pentecostal that the cashless society which would usher in the New World Order, and the Mark of the Beast. No more money, we’d all have a mark on our forehead or hand, must have been dozens of books written about it. And it was all happening within 5 years, that would now be over 35 years ago now, still waiting
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Pentecostalism is like bible-flavoured science fiction. I take everything they say with a very large grain of salt.
 
  1. every time a cashless transaction is processed, a big company gets money. The small business forced to use that service has to pay a percentage of the transaction to that big company.
  2. what would happen if the system crashed, and their is no cash? Are you going to barter with the clerk at the 7-11 for the gas you must have to get to work? With the Kroger clerk for the food you need?
  3. every electronic transaction can be taxed…this is why the government would love no cash.
While cashless is a convenience…we need cash
 
One thing no one has mentioned yet here is negative interest rates. This has already occurred in several countries in Europe and elsewhere and has been discussed in the US. As long as you have an option to take cash out you essentially have an out… but if there is no cash, there is no out.
 
Banks and payment processors already reject customers that they find politically unacceptable. This would only make it worse.
 
Buzzard3 said:
Pentecostalism is like bible-flavoured science fiction. I take everything they say with a very large grain of salt.
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Well, since you decided to single out a particular religious group, I’ll share with you that I know several folks who think that Catholicism should be taken with a whole bag of salt.
 
ChuckB said:
Well, since you decided to single out a particular religious group, I’ll share with you that I know several folks who think that Catholicism should be taken with a whole bag of salt.
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That’s what I mean - they gets lots of things wrong.

But God loves them, even though they have very vivid imaginations and often bark up the wrong tree.
 
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