The Importance of Cash Money

Decent sewage and water treatment, rural electrification and communication, often sound management of the various commons (public health, electromagnetic spectrum, air and water, public lands and ecological resources, soil fertility and use, roads and waterways, etc).

And usable currency, of course.

Monty Python had a skit on that general topic:

 

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"not accepted"

then what ?

the truth of the matter which seems to have not been openly discussed as yet is that a cashless society is a society of entitlement elitism.
aside from overt dictatorship of all financial freedom.

if you can "go without" because your "plastic card" is not accepted on the "continuously[critical] electrified internet system..." then your not talking about needs vs wants.
your assigning a "want" in place of a "need" then suggesting the want is equal to the need.
that is a false debate.

because your now claiming your want that you can simply do without is equal to other peoples "need" for food & shelter, medical care[which requires immediate 24/7 currency].

which once you strip it back to the bare facts...
leaves 95% of the pretend debate to be complete bullshit

 

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Relax, dude. I just choose to not carry cash. There's no conspiracy theory behind it. lol

 

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surely you are not using the "hysterical women" defense to change the subject ?

you have a choice

most people whom enter the debate are incapable of understanding they have a position of privilege by having the ability to choose to use plastic credit networks.
this is what entitlist means yet is most often displayed by those attempting to throw the word around as a political neo-homo insult to liberals.

relax ! dont take it personally
its not a conspiracy against you.
its a debating subject

 

No, are you a misogynist?

I know, to not use cash.

Oh. I'm not talking about credit cards, I'm speaking of debit cards. I wouldn't use credit cards for everyday purchases.

I think I agree?

 

to remove all the other "noise" and simply address the issue of ability to process

what % of people in the world have the ability to choose to not use cash ?
5% ?
maybe less
that's not very mainstream

soo... changing the subject from "electronic transactions which can only take place when the internet is up & connected & there is electricity to all points, and the card reader at the shop is working correctly" ....

why not use a credit card ?
it doesn't cost you any more and you can have 1 less card to carry around.
more cards = more risk ? = cash in hand = risk ?

good
thankyou

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applying an electronic system which removes control from the individual to engage in the market, to give complete control of the market to operate into the hands of a single person/company is the complete opposite direction to which currency was designed in the beginning.
if you know a very good economics lecturer, ask them to give you the 411 101 on where money came from & why
you will see that the ability to carry and use cash is a foundation stone of freedom & democracy.

thus ... moving back to the core subject as "terms of reference"
being able to choose to not use cash
makes you an elite/special-interest %.. group(using common propaganda political media terms[comparative socio-cultural awareness])
people who are unable to recognise they are in a privileged minority are by very definition "entitlist" in the segregational manner in which many political manipulators have attempted to use the term as.

such a small group of financially privileged people have a different set of rights and abilities.
attempting to set a mainstream moral value toward basic global financial & community social & economic values to move the power of the ability from the people into a small group... seems kinda like HITLER social party talk.
when you strip it all back and then put it along side the same peoples opinion about trying to hold military power over others, religious power etc etc....

but greed and narcissism only wants to talk about its own greedy wants
so the discussion is most often quite slanted.
with many self interested partys whom are elitists seeking to reinforce their own position of privilege over the mainstream society's democratic freedoms.

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interesting and strong point in favor of cash.

 

Cash used to be guaranteed by gold, but is no longer secure at all. Today cash it is a promissory note, without guarantees.

 

once currency is unable to be freely moved around it looses its value as currency.

double edge sword of the 'currency manipulator's claims being bandied about.

the global electronic money system that all country's stock markets use is in effect currency manipulation.
the trading of different currency's is currency manipulation

a simple test is to have 1 common currency become worthless immediately
if the global markets and stock exchanges dont lose any value then there is no risk in going to a cashless society.

whos going to test their own theory ? lol

queue sheer quantity of bullshit being talked about by many

it is also not owned by the holder.
it is always owned by the government to which the printing is licensed to(in the USA case of a private-fed it does complicate things a little but effectively doesn't change anything).

 

Having had to apply for credit/debit card merchant facilities recently and reading the list of things allowable and not ( for sale) and even though at present times may seem reasonable one can only guess that when cash is gone those conditions applying to getting such facilities will be more heavily enforced and restrictive. Cynically if a Bank or other merchant facilitator has a vested interest in certain products then what is to stop them from surreptitiously promoting those products via those conditions? Promoting by restricting access to merchant facilities.
The issue is becoming more and more obvious in places like China, where government control of civilian spending via the digitized network of merchants.
Basically, you end up with a situation where by you can only purchase what the Government makes available and money no longer has any real freedom to it.

 

sub-prime mortgage debit card world...

sorry we don't accept electronic payment for condoms
sorry we don't accept electronic payment for tampons
sorry we don't accept electronic payment for blood transfusions

we do offer all those services so we keep getting democrat party funding though... but because of our republican party investors we only use this financial services provider who doesnt accept those payments.
thank you please come again

 

Or
"I am sorry but company policy prohibits the sale of any items produced by Apple (TM) so your request for merchant facilities has been declined", or they don't tell you and just decline the sales at point of sale all the same.
It means that Governments or other could shut some one ( business) down very quickly...

Transferring power from buyer to seller is extremely fraught IMO.

 

apple is a Chinese product
why would Americans want to buy Chinese products instead of American made ?

are you really going there ?

the company that provides the merchants swipe machine is not the bank
they are also not the card company
they are a 3rd party
this allows them to simply bypass most rules put in place to prevent discrimination.

you should know this already if your entering the debate in a serious nature so you may wish to have a quick google.

coming back to your point about the swipe machine company dictating the product range...
that is very real, yet not easily workable.
the flip side of the reality...
a single provider controlling all access to the swipe machines.. thus china example
or large corporate entity going to small 3rd world merchants...
the position of power needs to be already tilted.

can a corporate entity come in and take control like some 1930 night of the long cards socialist death squad ?
no not without sending up a few flags.

unless... in US states where they promote the anti-penis-cake makers association as being the dominant business association which controls the access to point of sale swipe machines because they own all the telephone lines out of the state.
this is why the net neutrality debate is a false flag fake option
used to avoid the debate around having a government peoples funded internet base structure.

loaded statement

irony of sorts defining the power being in the buyers court
anti-penis-cake-association rulings
sex-shop laws
gay marriage laws etc etc...

false flag

special interest groups controlling access to open markets, THAT is the real issue.
if it were government controlled with a western democracy, access would be guaranteed.
but in states where they are
anti womens health care
anti equal rights
anti-penis-cake-making (anti liberal business rights hiding under a fascist model of proactive customer segregation by personal self interest)

well... different story

 

Using a credit card 'costs' more than using a debit card. A debit card only works if you have cash in the bank. I just don't carry cash, so I don't see the difference. To the rest of your riddle, I'm none of those things.

 

The thing to remember is that while the government of the day may be genuinely proactive in protecting against digital monopolies, future governments may not be so inclined. Same with privacy laws etc.

 

Seems to me that privacy laws have changed from "you can keep personal secrets" to "you cannot keep personal secrets but your secrets cannot be made public".

 

the correct term is "credit"
a debit card only works if you have "credit"

cash is physical money in notes/bills & coins

without electricity or the internet/working telephone line & exchanges, servers & other things requiring electricity to maintain 1 single transaction etc...
electronic credit swapping stops.

having no cash makes you & your business & your baby & your children dependent on the electrical & internet systems being up ALL the time.
if you have no cash then you have no food.

how many times do you hear about parents sending the other parent rushing out to buy nappies ?
imagine the electrical system is down, or the phone lines are down..
no nappies.

the global financial system is much the same as a new born baby
any time any number of things could go wrong throwing it into chaos.
chaos that can only be mitigated by having cash in circulation.
unless your filthy rich and live above all the other people

and generally... the filthy rich depend on the working class to continue living so they can work for them to keep the system working.

look at the likes of bernie madolf
etc etc... the 2008 global crash(caused by very rich people) etc etc
now imagine if you then have another 2008 global crash and there is no cash in circulation.
it would be open warfare

 

When you put money in the bank you are crediting your cash (checking) account.
Using a "debit" card is a draw against "cash-in-bank". It generates an electronic check against your capital.

When you have no cash in the bank you must borrow the money.
Using a "credit" card is a "loan" against "good credit". It generates an IOU, which draws interest on top of the loan. Bad news......

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credit
Long ago: One of my gigs was selling used cars in florida
One day, a man from the islands insisted on returning a car that he had bought
The salesman who sold him the car told him to read the fine print
The islander said that he didn't care what the fine print said, and that he was returning the car and bringing his brothers
These guys lived in a labor camp and did field work----the wuz hard as nails
When they arrived, pushing the car, the salesman who sold them the car went and hid in the office and bid me deal with them
OK
so I went out and had a chat, and let them take a car of equal value to the one that they returned
They had no credit, but wanted to create some---the best way to get credit at that time was to be in debt
So, I sold the fellow's brother a car "on credit" --- He paid what we had in the car in cash, and I "financed" our profit.
I then sold cars to each of his brothers, cousins, and friends ---all with the same arrangement---And, I made him vouch for each one----(kinda like a co-signer)
As time passed, I would get calls from people who were selling other things on credit asking about the credit of the car purchasers.
After consulting their contracts: I would say that they had made regular payments every friday "like clockwork"
Because I was willing to accommodate these fellows by "extending credit" they became responsible for over 50% of all of the sales I made----------------------------win/win
......................
Personally, I've only bought 6 things on time payments
3 houses, one rental property, one car, and a guitar when I was in the army(feeling the vibrations of the box, and listening to the singing of the strings eased my troubled mind).
...................
"Credit" is a damned handy thing to have
But I still use cash for privacy, and the occasional cash discount.
......................
I've always kept enough cash in the bank to cover a minimum of 12 months of living expenses.
Living in debt or paycheck to paycheck seems to equal selling yourself into perpetual slavery to the economic imperative.
(I do not understand why people would willingly do that)

 

Then you can't buy the widget or the muffin.

Around here some places don't accept plastic, some places don't accept cash. Not the end of the world.

BS.

Nope. Both are just means to transfer value from you to someone else. It could be cash, it could be credit, it could be Apple Pay, it could be trading small gems. Same same.

Nope. See above.

I agree with you there!