Skip to comments.Sweden moving towards cashless economy
Posted on 03/19/2012 2:47:16 PM PDT by Mad Dawgg
(AP) STOCKHOLM - Sweden was the first European country to introduce bank notes in 1661. Now it's come farther than most on the path toward getting rid of them.
"I can't see why we should be printing bank notes at all anymore," says Bjoern Ulvaeus, former member of 1970's pop group ABBA, and a vocal proponent for a world without cash.
The contours of such a society are starting to take shape in this high-tech nation, frustrating those who prefer coins and bills over digital money.
In most Swedish cities, public buses don't accept cash; tickets are prepaid or purchased with a cell phone text message. A small but growing number of businesses only take cards, and some bank offices which make money on electronic transactions have stopped handling cash altogether
(Excerpt) Read more at cbsnews.com ...
Beat me to it by this -> <- much!..............
I can’t wait to hack them for a million euros. Then I’ll marry some hot, tall blonde and live happily ever after.
Sorry bout that...
But this thing brings up some interesting questions.
How does one conduct a yard sale within a cashless society?
I wonder if people will be required to carry a photo ID... and do they need an id to vote?
Not really, people could just purchase small physical commodities to use as a medium of exchange instead (which is how the concept of money began in the first place). No economy will ever go 100% digital precisely because not everyone will want every transaction to be recorded...
Well, I operate in an almost cashless mode right now - that is, I don’t have very much free cash - making me “state of the art”. Well, at least I have that going for me...
“I wonder if people will be required to carry a photo ID... and do they need an id to vote?”
Nah,....just the MARK OF THE BEAST.
Have you seen the iPhone app that allows you to take credit card transactions?
Would the tall, hot blonde still go with you when you’ve hacked the European banks for a whole $1.57 (after piigs) Euro?
I’ll be the richest man in Europe. :)
Yeah, but in their case it’ll be because they choose not to use it. In ours, it’ll be because we don’t have it.
I use cash as much as possible, love the anonymous aspect. I hate the spam and tracking that follows non-cash transactions - especially from Uncle Sam.
One problem with a cashless society - it's hard to stash a wad of money in a jar and hide it. What are you going to do, stuff a bank book in a jar (and the state confiscates the account in the meantime). I suppose I could purchase jewelry and stuff it in jars ("small pysical commodities").
No and I sure as hell don't want toe Gub'ment or anyone else monitoring each and everyone of my transactions.
Let's say I stock up on food and water. If there is a "crisis" the Gub'Ment could check transactions and see who bought more food than they need. Then they roll in a demand the extra stuff because it wouldn't be fair that someone stocked up. and took responsibility for his own family and let others go hungry
No thanks! You can Keep your i-Gadgets and your cashless society. I'll shrug and remain off line with such transactions.
“Have you seen the iPhone app that allows you to take credit card transactions?”
Bums panhandling on State St. in Santa Barbara will probably take your credit or debit cards soon.
Why not an iPhone transaction?
Call it a HiTek OPM society.
Brother could you spare me a few digital dollars? I’ll scan your card, or do an Android transfer.
I guess you will, when you put it that way. :)
Jewelry isn’t the best exchangeable commodity because the value of the items is too subjective. Gold and silver (or even copper/bronze) coins (or privately-struck metal rounds) fit the bill because they are a standard size, weight and metal content and both the buyer and seller can easily understand what they are getting.
I can see private mints issuing bars and medallions doing a roaring trade if a serious transition towards ‘all-digital’ money is made...
The mark...The number of a man...666
and nobody can buy or sell without that mark on their forehead or their right hand...
Well they guy who made Silver Liberty coins got arrested. Seems the FedGov wanted no part of someone making "Barter Coins"
Its about collecting taxes.
Ironic that they got the guy from ABBA schilling for this, when, back in the 70’s, ABBA demanded payments in gold bullion.
So is the USA.
People here are dead-broke, thanks to Obamunism.
A secondhand dealer shall not enter into any cash transactions in payment for the purchase of junk or used or secondhand property. Payment shall be made in the form of check, electronic transfers, or money order issued to the seller of the junk or used or secondhand property and made payable to the name and address of the seller. All payments made by check, electronic transfers, or money order shall be reported separately in the daily reports required by R.S. 37:1866.Law Bans Cash for Second Hand Transactions
Credit card strips can be reprogrammed on the fly, whether a phone card type voucher or what have you one second you had cash to access, the next minute you don’t. Great tools for tracking and compliance.
If things get desperate, you can always jimmy door locks with the worthless card -which is one plus.
The digital underground? Is that a band? if not it should be.
The digital underground? Is that a band? if not it should be.
Pics or lock the thread
Do you really think that people are going to report these transactions? I can get, in my State, 10-15% for cash for most things out side of the Stores.
Dude, The Humpty Dance is by them.
Wow, you lucky dog, better have your heart checked out, she’s a keeper ...
It would be the best way to die...ever!
ha! Maybe the politicians would like this but everyone who has lived in Sweden knows there are two prices. Black or white. Black prices are cash only and considerably cheaper.
It is thoughtful to marks with Xs, my vision is not so good these days.
That’s why I want a Swedish woman, they’re so thoughtful.
You could lose an eye with that chick on the left.
Vicar Johan Tyrberg in the Carl Gustaf Church in Karlshamn, southern Sweden, on Sept 7, 2011, stands next to a credit card machine enabling worshippers to donate money to the church collection without carrying money in their pockets. (AP Photo/Camilla Lindskog)
When paper money becomes worthless, people will revert back to precious metals, even and underground economy must have a basis for it’s own existence............
I just saw the article.
Funny it’s an AP article and can’t find who wrote it.... yet.
Seems like a trial balloon. A cashless society would not be a free society. Being able to electronically zap away your money would be a major threat, and leverage to make you submit to any political system - imagine Hitler or Stalin having the ability to strip you of your assets with a keystroke.
Saw this comment on the CBS site:
“Guys. I live in Sweden, and this is totally bogus. The article is a PERFECT example of how you create a trend in the media by picking only the details you like. Bjorn Ulvaeus says something, and you pick up on that. A church installs a credit-card reader, and you pick up on that. Etc.
I have NEVER seen a church accept credit cards. This must be the only one. But you don’t see the journalist write about the many thousands of other churches. And he doesn’t write about the tens of thousands of businesses that accept cash.
You see only a few small details. And since that’s all you see, and Sweden is far away, you think they show the reality. But here in Sweden, I have never in my life heard of “Sweden moving toward cashless economy.” Ridiculous. Of course we will keep using cash.”
God help us - but this is the one world govt rearing its head.
It is coming. Watch as more and more nations go this way, including ours, to “save money” from printing money. It will all be “printed” electronically.
Revelation 13 King James Version (KJV)
1And I stood upon the sand of the sea, and saw a beast rise up out of the sea, having seven heads and ten horns, and upon his horns ten crowns, and upon his heads the name of blasphemy.
2And the beast which I saw was like unto a leopard, and his feet were as the feet of a bear, and his mouth as the mouth of a lion: and the dragon gave him his power, and his seat, and great authority.
3And I saw one of his heads as it were wounded to death; and his deadly wound was healed: and all the world wondered after the beast.
4And they worshipped the dragon which gave power unto the beast: and they worshipped the beast, saying, Who is like unto the beast? who is able to make war with him?
5And there was given unto him a mouth speaking great things and blasphemies; and power was given unto him to continue forty and two months.
6And he opened his mouth in blasphemy against God, to blaspheme his name, and his tabernacle, and them that dwell in heaven.
7And it was given unto him to make war with the saints, and to overcome them: and power was given him over all kindreds, and tongues, and nations.
8And all that dwell upon the earth shall worship him, whose names are not written in the book of life of the Lamb slain from the foundation of the world.
9If any man have an ear, let him hear.
10He that leadeth into captivity shall go into captivity: he that killeth with the sword must be killed with the sword. Here is the patience and the faith of the saints.
11And I beheld another beast coming up out of the earth; and he had two horns like a lamb, and he spake as a dragon.
12And he exerciseth all the power of the first beast before him, and causeth the earth and them which dwell therein to worship the first beast, whose deadly wound was healed.
13And he doeth great wonders, so that he maketh fire come down from heaven on the earth in the sight of men,
14And deceiveth them that dwell on the earth by the means of those miracles which he had power to do in the sight of the beast; saying to them that dwell on the earth, that they should make an image to the beast, which had the wound by a sword, and did live.
15And he had power to give life unto the image of the beast, that the image of the beast should both speak, and cause that as many as would not worship the image of the beast should be killed.
16And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:
17And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.
18Here 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.
Digital money worked well until that point.
The first thing I did was withdraw money to stick in a coffee can in case it should happen again.
Thanks other dude. My non-hipness is showing.