Australian Politics Forum - The war on cash

bogarde73 Gold Member Offline Anti-Global & Contra Mundum Posts: 18443 Gender:	The war on cash Jul 14^th, 2017 at 6:29am Visa Inc has begun offering merchants in the USA money in return for an agreement to stop cash transactions. Merchants will receive up to $10,000 in upgrade or installation costs of technology as an incentive to be card only traders.
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chimera Gold Member Online Australian Politics Posts: 8647 armidale Gender:	Re: The war on cash Reply #1 - Jul 14^th, 2017 at 6:46am An upgrade will be fingerprint coding . Then we will feel like king Midas. Or rich like rhino shooters.
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thecuriousmail Gold Member Offline Australian Politics Posts: 722 Brisbane Gender:	Re: The war on cash Reply #2 - Jul 15^th, 2017 at 3:24pm Bent cops and politicians want cash. They like to fondle it.
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Jasin

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Re: The war on cash
Reply #3 - Jul 15^th, 2017 at 3:39pm

Been in the pipeline for over a decade in the USA.

To bring in a cashless society.

Every experiment done with cash verses 'just tap' and buy
- showed that those people who had something to hand over (cash) were less likely to spend as much as those who had the (lazy?) convenience to just 'tap' and buy.

It's a system designed to 'trick' people into 'making spending easier' (and more prolific) with the typical illusion of 'technology' making people feel much more 'intelligent' if they use it. Roll Eyes

Anyone who knows the USA and it's Economics will know they are 4th World.
Any nation that Economically follows the USA way (like Greece did, and other nations) - will be subject to Recessions, Depressions and other poor Economic woes.

For Australia to embrace this 'just tap and go' computer reliant (prone to hacks, scams, etc) system is just Economic Suicide!

They don't want people to have that split-second moment of thought, when handing over cash. They want you to 'automatically' spend your money. Hence why a lot of Retail have jumped onto this system.

Not every 'new technology' is 'good or constructive' and this is a real 'scam' so to speak, in itself.

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Jasin Gold Member Offline Posts: 46595 Gender:	Re: The war on cash Reply #4 - Jul 15^th, 2017 at 3:42pm The Cashless Society is exactly that! You will be 'cashless' before you know it! USA Economics is that person who tells you that $2.99 is not $3 !
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cods Gold Member Offline Australian Politics Posts: 88048	Re: The war on cash Reply #5 - Jul 15^th, 2017 at 3:46pm I love tap and go.. I get cash mainly so I have some for the grandkids..but its always $50 and before I get home its almost gone... where as with tap and go.. I cant see my money disappearing...
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Jasin

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Re: The war on cash
Reply #6 - Jul 15^th, 2017 at 4:43pm

cods wrote on Jul 15^th, 2017 at 3:46pm:

I love tap and go..

I get cash mainly so I have some for the grandkids..but its always $50 and before I get home its almost gone...

where as with tap and go.. I cant see my money disappearing...

You won't even see your money 'gone', if you keep tapping away like that Cods.
People get addicted to just looking at their phones.
Watch, before long - people will start admitting that their lives are ruined because its just 'too easy to spend'.
Not much different to the ol' Credit Card side-effect. Wink

Economics from America?
Yeah right Roll Eyes

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AIMLESS EXTENTION OF KNOWLEDGE HOWEVER, WHICH IS WHAT I THINK YOU REALLY MEAN BY THE TERM 'CURIOSITY', IS MERELY INEFFICIENCY. I AM DESIGNED TO AVOID INEFFICIENCY.

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The_Barnacle

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Re: The war on cash
Reply #7 - Jul 15^th, 2017 at 5:49pm

We are inevitably heading towards a cashless society and the biggest winners of this change will be.
The tax office - they will be able to track and record every transaction you make
The Banks - they collect fees from electronic transactions via merchants and customers
Corporate Marketing - they will be able to collect information about your spending habits to on-sell and to better target advertising.

The losers of course will be ordinary consumers

Think about this. With the current low interest rate environment some nations have started using negative interest rates to try and stimulate growth. Of course Banks can't charge negative interest rates on your savings because that would create a run on Banks as people withdraw their money.
However, in a cashless society, your savings would be trapped and banks could charge negative interest rates.

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Jasin

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Re: The war on cash
Reply #8 - Jul 15^th, 2017 at 9:42pm

Yip. Sounds like the PM, regardless of who it is/will be, will make sure another slice of USA is incorporated into this country wether we like it or not.

PM's serve the USA
G-G's serve the UK

...and you thought it was hard living in the forest like a Primative.
What to the 'Computer Cities' turn you into a mindless Android - you're just part of the system.

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AIMLESS EXTENTION OF KNOWLEDGE HOWEVER, WHICH IS WHAT I THINK YOU REALLY MEAN BY THE TERM 'CURIOSITY', IS MERELY INEFFICIENCY. I AM DESIGNED TO AVOID INEFFICIENCY.

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Setanta

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Re: The war on cash
Reply #9 - Jul 15^th, 2017 at 9:44pm

Jasin wrote on Jul 15^th, 2017 at 9:42pm:

Yip. Sounds like the PM, regardless of who it is/will be, will make sure another slice of USA is incorporated into this country wether we like it or not.

PM's serve the USA
G-G's serve the UK

...and you thought it was hard living in the forest like a Primative.
What to the 'Computer Cities' turn you into a mindless Android - you're just part of the system.

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Jasin Gold Member Offline Posts: 46595 Gender:	Re: The war on cash Reply #10 - Jul 15^th, 2017 at 9:54pm In great great great grandpa's day: Life was physically 'hard' But mentally 'simple' In great great great grandson's day: Life will be physically 'easy' But mentally 'complex' ...there's no two ways about it *note: the rise in Australia's primarily 'white-collar' mental worker, of 'MENTAL STRESS'.
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Setanta

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Re: The war on cash
Reply #11 - Jul 16^th, 2017 at 12:30am

Jasin wrote on Jul 15^th, 2017 at 9:54pm:

In great great great grandpa's day:
Life was physically 'hard'
But mentally 'simple'

In great great great grandson's day:
Life will be physically 'easy'
But mentally 'complex'

...there's no two ways about it Wink

*note: the rise in Australia's primarily 'white-collar' mental worker, of 'MENTAL STRESS'.

Are you a mental worker or just barely sane? Grin

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Grappler Truth Teller Feller Gold Member Online Australian Politics Posts: 80326 Proud pre-1850's NO Voter Gender:	Re: The war on cash Reply #12 - Jul 16^th, 2017 at 10:22am Hawke wanted a cashless economy and a classless society - we're going great guns on both for the majority..... many don't have a lot of cash and certainly there is little class doing the rounds... What did Johnny ever do to this nation?
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Gnads Gold Member Offline Australian Politics Posts: 28107 Gender:	Re: The war on cash Reply #13 - Jul 16^th, 2017 at 11:33am Good clip
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