Australian Politics Forum - Cash v Computer

Bobby.

Gold Member

Online

Australian Politics

Posts: 120588
Melbourne
Gender: male

Re: Cash v Computer
Reply #30 - Apr 4^th, 2024 at 12:46pm

MeisterEckhart wrote on Apr 4^th, 2024 at 12:42pm:

Bobby. wrote on Apr 4^th, 2024 at 12:39pm:

MeisterEckhart wrote on Apr 4^th, 2024 at 12:16pm:

Bobby. wrote on Apr 4^th, 2024 at 12:14pm:

Dunno - ask someone in Cuba.

How's Cuba's economy? Are they still rioting about not being able to buy food?

I dunno - many countries around the world use American dollars
instead of their own currencies or you can change them at a Bank.

https://www.investopedia.com/articles/07/unofficial_dollarization.asp

https://www.quora.com/Do-any-countries-not-accept-US-dollars-as-legal-tender-If-...

Do countries that use the US dollar have anything in common?

Google is your friend.

Back to top

IP Logged

MeisterEckhart

Gold Member

Offline

Australian Politics

Posts: 17122
Gender: male

Re: Cash v Computer
Reply #31 - Apr 4^th, 2024 at 12:56pm

Bobby. wrote on Apr 4^th, 2024 at 12:46pm:

MeisterEckhart wrote on Apr 4^th, 2024 at 12:42pm:

Bobby. wrote on Apr 4^th, 2024 at 12:39pm:

MeisterEckhart wrote on Apr 4^th, 2024 at 12:16pm:

Bobby. wrote on Apr 4^th, 2024 at 12:14pm:

Dunno - ask someone in Cuba.

How's Cuba's economy? Are they still rioting about not being able to buy food?

I dunno - many countries around the world use American dollars
instead of their own currencies or you can change them at a Bank.

https://www.investopedia.com/articles/07/unofficial_dollarization.asp

https://www.quora.com/Do-any-countries-not-accept-US-dollars-as-legal-tender-If-...

Do countries that use the US dollar have anything in common?

Google is your friend.

Aye, it is.

They are all economic basket cases.

Back to top

IP Logged

Goose

Gold Member

Offline

Australian Politics

Posts: 630

Re: Cash v Computer
Reply #32 - Apr 4^th, 2024 at 1:56pm

I think the argument re; US dollar usage in some countries is kind of missing the point. They haven't banned physical payments. Really the question is; do you agree with the economists and short-sighted business groups (who can only see a short-sighted, primary school level analysis saving in handling costs) whom are actually pushing to see it removed as an option altogether? There are government advising experts supporting the gradual removal of option and eventual banning. There is also support at IMF levels and some economists in favour of negative interest rates and banks charging you to hold balances in accounts. Cash acts as a floor against negative interest rates. It's all driven by economists failing to fully grasp the societal ramifications. We need to keep a physical payment option in society IMHO.

Back to top

« Last Edit: Apr 4^th, 2024 at 2:10pm by Goose »

IP Logged

Bobby.

Gold Member

Online

Australian Politics

Posts: 120588
Melbourne
Gender: male

Re: Cash v Computer
Reply #33 - Apr 4^th, 2024 at 2:10pm

Goose wrote on Apr 4^th, 2024 at 1:56pm:

I think the argument re; US dollar usage in some countries is kind of missing the point. They haven't banned physical payments. Really the question is do you agree with the economists and short-sighted business groups (who can only see a short-sighted, primary school level analysis saving in handling costs) whom are actually pushing to see it removed as an option altogether. There are government advising experts supporting the gradual removal of option and eventual banning. This is also supported by the IMF and some economists in favour of negative interest rates and banks charging you to hold balances in accounts. Cash acts as a floor against negative interest rates. It's all driven by economists failing to fully grasp the societal ramifications. We need to keep a physical payment option in society IMHO.

You mean - will the Govt. make cash illegal in Australia -
even foreign cash such as US dollars?

Back to top

IP Logged

Goose Gold Member Offline Australian Politics Posts: 630	Re: Cash v Computer Reply #34 - Apr 4^th, 2024 at 2:11pm The idea is to eventually stop ALL physical payment options.
Back to top	IP Logged

Bobby. Gold Member Online Australian Politics Posts: 120588 Melbourne Gender:	Re: Cash v Computer Reply #35 - Apr 4^th, 2024 at 2:12pm Goose wrote on Apr 4^th, 2024 at 2:11pm: The idea is to eventually stop ALL physical payment options. Even gold bars?
Back to top	IP Logged

Goose Gold Member Offline Australian Politics Posts: 630	Re: Cash v Computer Reply #36 - Apr 4^th, 2024 at 2:13pm Bobby. wrote on Apr 4^th, 2024 at 2:12pm: Goose wrote on Apr 4^th, 2024 at 2:11pm: The idea is to eventually stop ALL physical payment options. Even gold bars? ALL
Back to top	IP Logged

Bobby. Gold Member Online Australian Politics Posts: 120588 Melbourne Gender:	Re: Cash v Computer Reply #37 - Apr 4^th, 2024 at 2:22pm Goose wrote on Apr 4^th, 2024 at 2:13pm: Bobby. wrote on Apr 4^th, 2024 at 2:12pm: Goose wrote on Apr 4^th, 2024 at 2:11pm: The idea is to eventually stop ALL physical payment options. Even gold bars? ALL What about - if you mow my lawns I'll give you 4kgs of apples?
Back to top	IP Logged

Jasin

Gold Member

Offline

Posts: 56833
Gender: male

Re: Cash v Computer
Reply #38 - Apr 4^th, 2024 at 2:28pm

Goose wrote on Apr 3^rd, 2024 at 11:16pm:

A number of economists like and promote the idea of removing all physical (cash) payment options from economies. Yanis Varoufakis being just one of them for example; whom tried to bring it in in Greece but failed. I think it is yet another "economist" idea thought through with the depth of a child. Bartering and trading of goods and services would come back to an extent and be even more impossible to track and tax. There would be no "safety net" payment system to kick in on digital system failure. I understand wanting to solve the in reality very small "untaxed" cash economy some place far too great an emphasis on, but removing all physical payment options is idiocy IMHO.

Yes. Greece is a great 'economic' example of progress and 'superior technology' gimmicktri fads, eh? Wink

Back to top

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.

IP Logged

Jasin

Gold Member

Offline

Posts: 56833
Gender: male

Re: Cash v Computer
Reply #39 - Apr 4^th, 2024 at 2:32pm

MeisterEckhart wrote on Apr 4^th, 2024 at 12:16pm:

Bobby. wrote on Apr 4^th, 2024 at 12:14pm:

MeisterEckhart wrote on Apr 4^th, 2024 at 6:34am:

Bobby. wrote on Apr 3^rd, 2024 at 11:24pm:

Goose wrote on Apr 3^rd, 2024 at 11:16pm:

A number of economists like and promote the idea of removing all physical (cash) payment options from economies. Yanis Varoufakis being just one of them for example; whom tried to bring it in in Greece but failed. I think it is yet another "economist" idea thought through with the depth of a child. Bartering and trading of goods and services would ramp back up and be impossible to track and tax. There would be no "safety net" payment system to kick in on digital system failure. I understand wanting to solve the in reality very small "untaxed" cash economy some "think" exists but removing all physical payment options is idiocy IMHO.

People would use American dollars if our cash disappeared.

If the Australian economy had not collapsed, how would large volumes of US cash enter the country such that ordinary Australians would have access to it?

Dunno - ask someone in Cuba.

How's Cuba's economy? Are they still rioting about not being able to buy food?

USA propaganda had Cubans starving, the shelves empty, etc, etc.
...but Castro kept them well fed, one of the best health systems, they lived 20% longer than the mentally insular Americans and much more.

Back to top

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.

IP Logged

Goose Gold Member Offline Australian Politics Posts: 630	Re: Cash v Computer Reply #40 - Apr 4^th, 2024 at 2:36pm Lol
Back to top	IP Logged

Jasin

Gold Member

Offline

Posts: 56833
Gender: male

Re: Cash v Computer
Reply #41 - Apr 4^th, 2024 at 2:36pm

They want Online Monetary Economics to be like God.
Totally invisible beyond being 'reliant' on the Internet to exist in digital (record) form.

$1.93 million was scammed out of one NSW south coast suburb. Just 'one' suburb alone. This was in 2019. Most of the money was filtered out to the West African (N+igg=ers) Cafe Boys.

I've mostly heard of people being scammed of over $10,000 and way more. Even hearing this when waiting in line at a Bank.

Read between the lines: YOU WILL BE 'CASHLESS'.
Simple as that.

...makes you wonder where all your money will go eh? Wink

USA: is one of the worst Economies in the world, almost 4th world level and still in archaic Imperial and mega-trillions in debt. Do business with America and they will try to destroy you, because they can't compete at a fair level. They have to destroy the competition to keep their Economy floating.

...and here we are with a American dick-suck in Albanese the PM and now a WOKE American left idiot for the G-G. Roll Eyes

If USA goes 'cashless', don't follow them down that 'economic' path of destruction and mass debt.
The USA is not far off as far as Greece went, remember?

Of course: All Australians are as weak as piss when standing up to their Politicians, let alone those on 'America's' behalf.
You will take it up the arse and be robbed of your money and given a few digits on a computer screen until it goes 'blink' and its gone! Erased. Oops 'sorry'.

Back to top

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.

IP Logged

Goose Gold Member Offline Australian Politics Posts: 630	Re: Cash v Computer Reply #42 - Apr 4^th, 2024 at 2:37pm [/quote] Yes. Greece is a great 'economic' example of progress and 'superior technology' gimmicktri fads, eh? [/quote] Lol
Back to top	IP Logged

Goose

Gold Member

Offline

Australian Politics

Posts: 630

Re: Cash v Computer
Reply #43 - Apr 4^th, 2024 at 2:44pm

Really it's about control. In order to have complete control of the populace and it's spending behaviour. The argument is; that requires complete control. My argument is; you will never have COMPLETE control, EVER. As such retaining the physical payment option (tracked and limited) and the benefits of that for society as described earlier, is a necessity.

Back to top

« Last Edit: Apr 4^th, 2024 at 2:50pm by Goose »

IP Logged

Jasin

Gold Member

Offline

Posts: 56833
Gender: male

Re: Cash v Computer
Reply #44 - Apr 4^th, 2024 at 2:46pm

Some countries you can take Mathematical (Economic) advice and lead by example - from.
Other nations you can't. They're better at other things besides the above mentioned.

Now if the colour of Maths is Black, then I guess the American Black is only interested in the size of his dick, rather than his bank balance. So I don't think following the USA down this 'gimmicktri fad' because its the latest technology (so therefor it 'must' be better! Cheesy

) is wise.
There are better nations to follow economically.
Just like Australia would be wise to follow Israel and how it deals with the enemy, rather than some other nations.

Back to top

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.

IP Logged

Poll
Question: Is it smart to eradicate all physical payment options and the safety net they provide?
Yes 1 (12.5%) No 7 (87.5%) Total votes: 8 « Last Modified by: Goose on: Apr 3^rd, 2024 at 11:39pm »