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.
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.