Counting the cost of going cashless
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- Опубліковано 21 жов 2024
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Already a digital economy pioneer, Sweden could become completely cashless by 2025. As other economies look set to follow suit, the FT's financial editor, Patrick Jenkins, asks whether the gains outweigh the risks.
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Convenience over privacy, rather foolish imo
What about fees? I just had a store tell me they’re starting to charge more for using cards over cash. Cash is always king.
No cash = No freedom!
After two decades of accepting plastic and allowing banks to profit from my work, I did away with my POS machines altogether. This added an extra $500/month in my pocket overnight.
A society that does not maintain some form of cash as a medium of exchange is a society that can be enslaved.
Yes just remember the electronic receipt 🧾 that is generated on the eftpos apps the banking sector provides. You have the option of either obtaining a hard copy or having it downloaded onto your bank statement on PDF format. So now they can get an exact itemisation of what you purchased. Now before all it had was the amount spent the shop and time. But now it’s progressed to further detail. So it’s all about getting a complete overview of not only spending habits but purchased items and to an overall background of who you are before you even walk outside your home. Habits and every little detail about you a complete profile. You won’t even be able to fart without them knowing your every move and position. War on Terror and Health Pandemic. I believe the lies and innuendo we are told.
Ridiculous idea this just more power in the hands of the banks if you are a tourist they can charge you higher conversion fees and if your card stops working or it is lost on holiday you have no cash to fall back on.
Yes, that's Exactly RIGHT.
Start using the money before you come a slave
cash is a legal tender, they have to accept cash??
Interesting to realise on the minute 2 that even a homeless in Sweden knows how to speak English. Such level of education even in the bottom of the society in remarkable.
That is the case in most developed societies, Singapore for example, the homeless there speak english at a level most people can't even achieve
Having a chip implanted in my body doesn’t sound to clever to me
@@ornim1 LOL, that's a Good One, but something to think about.
I Know, I was thinking about that too. How Well they Speak English, and We only speak One language. Most nations in the World, even underdeveloped countries Speak more than One language, though. Some are taught in primary school, even up to three languages.
The only thing about going cashless is a hacker can hack into all the machines computers and Banks and you will be cardless. Come on people think. 666 mark of the Beast is here! LOL
Deshon Miller "LOL"?
Until the current era, in the entire history of humanity it has never been possible to a tyrant, individual or government, to be able to control what people buy, sell, and trade. But it is now. Likewise, the data being generated can be stored and tracked, making individual privacy rights a thing of the past.
The anti-Christ scenario has never been possible, until now.
hope the electric goes out lol
Hmmm. That is diabolical. Because interest still grows every day... even if the electricity is down for 2 weeks. Think about it.
The electricity goes out in the entire society for all eternity? Sure that's likely to happen hahaha
I've recently visited Sweden and it's not cashless now. Apparently, they had several serious problems with the electronic payment systems leaving people unable to pay for essentials. Now cash is used more as I found out.
Honestly I live far from sweden but I e old not like it if they went cashless. Cash gives people motivation
wow, nice development
none of the technology shown in the video is new. here in India we are using all of these but not in the near future I see them as replacement of cash.
Going cashless can be my new year's resolution, except for the cash for my pop money, :-)
Yes well, everytime a bank system goes down in Australia - people have to resort to cash. It's not unusual for bank systems to suddenly seize up.
Was thinking, that if you made the suggestion that many people withdraw large amounts of cash, in a symbolic gesture/protest at being pushed in to going cashless. Stand together (obviously, not All of their cash) that the banks would have less of our money to invest without our permission.
Why does the media talk about Sweden so much there are only 10 million population, hardly a country to be inspired for cashless society
You are selfish. The poor & homeless can't purchase without cars.
The con's of a cashless society out weigh the pro's by a long shot
The identification number of each person who receives the mark within their right hand or forehead, whether they be rich or poor, great or small, will be embedded within the QR code mark, along with the image of each person. Tattoos are marks that go within the skin, and they can be plainly seen by all, and just as the QR code can be scanned on most any surface, it will also be scanned in the hand, or upon the forehead of any who recieve it.
Revelation 13:18 kjv
18 Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.
Count the number of the beast.
18 digit identification number within the mark, 6+6+6=18.
123456 - 473295 -712356 = 666.
I guess in Sweden they don't know that, but even in America where they know that, Some people will be happy to have the Chip implanted in them, on the name of Convenience and Looking Cool. Is Just like Drugs, Some people do it, just because other people are doing, regardless of the Consequences.
Countries going woke
U be headless before I'm cahless
DANGER of having no choice in cashless society international bankers will benefit! But AI has threats to security I'd etc
Danger of having no choice in Cashless Society . CAN SOMEONE DO E PETITION (UK) CHOICE CASHLESS SOCIETY - NOW- Old lady in England said she's hadn't voted for it / by card only till said call the police I'm taking my goods, dont have card and I've given cash. Worst than war with rationing and queues many suicides
If society becomes cashless, we simply don't need banks... just fire these bankers and replace them by IA.
it's all about the law of God. The 4th commandment is "Remember
the Sabbath on the seventh day". But, the Beast (Revelation 13) says No,
worship on the first day (Sunday) as a sign of it's authority. ...
Our Sunday Visitor (February 5, 1950): - "Practically everything
Protestants regard as essential or important they have received from the
Catholic Church... The Protestant mind does not seem to realize that in
accepting the Bible and observing the Sunday, in keeping Christmas and
Easter, they are accepting the authority of the spokesman for the
church, the Pope."
The Catholic Mirror (September 23, 1893): - The Catholic Church, for
over one thousand years before the existence of a Protestant, by virtue
of her divine mission, changed the day from Saturday to Sunday...The
Adventists are the only body of Christians with the Bible as their
teacher, who can find no warrant in its pages for the change of day from
the seventh to the first. Hence their appellation, "Seventh-day
Adventists."
Cashless system will be used to keep 7th day Sabbath-keepers from buying
or selling, Revelation @)
@t
it's all about the law of God. The 4th commandment is "Remember
the Sabbath on the seventh day". But, the Beast (Revelation 13) says No,
worship on the first day (Sunday) as a sign of it's authority. ...
Our Sunday Visitor (February 5, 1950): - "Practically everything
Protestants regard as essential or important they have received from the
Catholic Church... The Protestant mind does not seem to realize that in
accepting the Bible and observing the Sunday, in keeping Christmas and
Easter, they are accepting the authority of the spokesman for the
church, the Pope."
The Catholic Mirror (September 23, 1893): - The Catholic Church, for
over one thousand years before the existence of a Protestant, by virtue
of her divine mission, changed the day from Saturday to Sunday...The
Adventists are the only body of Christians with the Bible as their
teacher, who can find no warrant in its pages for the change of day from
the seventh to the first. Hence their appellation, "Seventh-day
Adventists."
Cashless system will be used to keep 7th day Sabbath-keepers from buying
or selling, Revelation @)
@t