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Sweden moving towards cashless economy
CBSNEWS.com/AP ^ | March 18, 2012 5:09 PM | AP

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 ...


TOPICS: Foreign Affairs; Government; News/Current Events
KEYWORDS: bible; cashless; electronic; prophecy; sweden
Interesting. Real Hard to have an underground economy if all transactions are digital.
1 posted on 03/19/2012 2:47:26 PM PDT by Mad Dawgg
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To: Mad Dawgg

Beat me to it by this -> <- much!..............


2 posted on 03/19/2012 2:52:27 PM PDT by Red Badger (If the Government can make you buy health insurance, they can make you buy a Volt................)
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To: Mad Dawgg

I can’t wait to hack them for a million euros. Then I’ll marry some hot, tall blonde and live happily ever after.


3 posted on 03/19/2012 2:53:21 PM PDT by EEGator
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To: Red Badger
"Beat me to it by this -> <- much!.............."

Sorry bout that...

But this thing brings up some interesting questions.

How does one conduct a yard sale within a cashless society?

4 posted on 03/19/2012 2:56:15 PM PDT by Mad Dawgg (If you're going to deny my 1st Amendment rights then I must proceed to the 2nd one...)
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To: Mad Dawgg

Barter............


5 posted on 03/19/2012 2:57:30 PM PDT by Red Badger (If the Government can make you buy health insurance, they can make you buy a Volt................)
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To: Mad Dawgg

I wonder if people will be required to carry a photo ID... and do they need an id to vote?


6 posted on 03/19/2012 2:57:58 PM PDT by Cementjungle
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To: Mad Dawgg

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...


7 posted on 03/19/2012 3:03:05 PM PDT by sinsofsolarempirefan
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To: Cementjungle

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...


8 posted on 03/19/2012 3:04:26 PM PDT by The Antiyuppie ("When small men cast long shadows, then it is very late in the day.")
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To: Cementjungle

“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.


9 posted on 03/19/2012 3:05:06 PM PDT by Levante
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To: Mad Dawgg

Have you seen the iPhone app that allows you to take credit card transactions?


10 posted on 03/19/2012 3:06:30 PM PDT by FourPeas ("Maladjusted and wigging out is no way to go through life, son." -hg)
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To: EEGator

Would the tall, hot blonde still go with you when you’ve hacked the European banks for a whole $1.57 (after piigs) Euro?


11 posted on 03/19/2012 3:06:53 PM PDT by Jonty30 (What Islam and secularism have in common is that they are both death cults.)
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To: Red Badger
Barter is very clumsy though especially for small transactions. The clumsiness of Barter is why money developed in the first place.
12 posted on 03/19/2012 3:08:23 PM PDT by Mad Dawgg (If you're going to deny my 1st Amendment rights then I must proceed to the 2nd one...)
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To: Mad Dawgg

bflr


13 posted on 03/19/2012 3:09:41 PM PDT by Captain Beyond (The Hammer of the gods! (Just a cool line from a Led Zep song))
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To: Jonty30

I’ll be the richest man in Europe. :)


14 posted on 03/19/2012 3:11:51 PM PDT by EEGator
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To: Mad Dawgg

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.


15 posted on 03/19/2012 3:11:56 PM PDT by ArmstedFragg (hoaxy dopey changey)
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To: sinsofsolarempirefan
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).

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").

16 posted on 03/19/2012 3:12:11 PM PDT by roadcat
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To: FourPeas
"Have you seen the iPhone app that allows you to take credit card transactions?"

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.

17 posted on 03/19/2012 3:15:36 PM PDT by Mad Dawgg (If you're going to deny my 1st Amendment rights then I must proceed to the 2nd one...)
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To: FourPeas

“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.


18 posted on 03/19/2012 3:16:44 PM PDT by truth_seeker
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To: EEGator

I guess you will, when you put it that way. :)


19 posted on 03/19/2012 3:17:34 PM PDT by Jonty30 (What Islam and secularism have in common is that they are both death cults.)
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To: roadcat

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...


20 posted on 03/19/2012 3:23:32 PM PDT by sinsofsolarempirefan
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To: Mad Dawgg

The mark...The number of a man...666

and nobody can buy or sell without that mark on their forehead or their right hand...

Revelation 13:16-18


21 posted on 03/19/2012 3:36:02 PM PDT by Tennessee Nana (Why should I vote for Bishop Romney when he hates me because I am a Christian)
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To: sinsofsolarempirefan
"I can see private mints issuing bars and medallions doing a roaring trade if a serious transition towards ‘all-digital’ money is made..."

Well they guy who made Silver Liberty coins got arrested. Seems the FedGov wanted no part of someone making "Barter Coins"

22 posted on 03/19/2012 3:38:59 PM PDT by Mad Dawgg (If you're going to deny my 1st Amendment rights then I must proceed to the 2nd one...)
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To: Mad Dawgg

Its about collecting taxes.


23 posted on 03/19/2012 3:58:49 PM PDT by Husker24
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To: Mad Dawgg

Ironic that they got the guy from ABBA schilling for this, when, back in the 70’s, ABBA demanded payments in gold bullion.


24 posted on 03/19/2012 4:00:05 PM PDT by Boogieman
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To: Mad Dawgg
Sweden moving towards cashless economy

So is the USA.

People here are dead-broke, thanks to Obamunism.


25 posted on 03/19/2012 4:11:14 PM PDT by Iron Munro (If Repubs paid as much attention to Rush as the Dem's do, we wouldn't be in this mess)
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To: Mad Dawgg
How does one conduct a yard sale within a cashless society?

Louisiana Makes It Illegal To Use Cash For Secondhand Sales

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
(Free Republic Thread)


26 posted on 03/19/2012 4:23:09 PM PDT by Iron Munro (If Repubs paid as much attention to Rush as the Dem's do, we wouldn't be in this mess)
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To: Mad Dawgg
Convenient but dangerous.
What happens during a power out, computer or network down or a disaster? You have no way to pay for anything.
And it's way too easy for a sinister government to track or freeze all or selected transactions.

27 posted on 03/19/2012 4:23:16 PM PDT by BitWielder1 (Corporate Profits are better than Government Waste)
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To: Mad Dawgg

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.


28 posted on 03/19/2012 4:34:38 PM PDT by Fitzy_888 ("ownership society")
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To: Mad Dawgg

The digital underground? Is that a band? if not it should be.


29 posted on 03/19/2012 4:35:15 PM PDT by Leep (Dueling tag lines=don't worry,you'll be a vegetable guy soon<>It's gonna be a Newt day!)
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To: Mad Dawgg

The digital underground? Is that a band? if not it should be.


30 posted on 03/19/2012 4:35:18 PM PDT by Leep (Dueling tag lines=don't worry,you'll be a vegetable guy soon<>It's gonna be a Newt day!)
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To: EEGator

Pics or lock the thread


31 posted on 03/19/2012 4:39:00 PM PDT by School of Rational Thought (Fun for women ages 21 through 35)
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To: Iron Munro

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.


32 posted on 03/19/2012 4:41:33 PM PDT by Little Bill (Sorry)
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To: School of Rational Thought

33 posted on 03/19/2012 4:59:50 PM PDT by EEGator
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To: Leep

Dude, The Humpty Dance is by them.


34 posted on 03/19/2012 5:01:33 PM PDT by EEGator
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To: School of Rational Thought
This one will be my wife though:
35 posted on 03/19/2012 5:09:44 PM PDT by EEGator
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To: EEGator

Wow, you lucky dog, better have your heart checked out, she’s a keeper ...


36 posted on 03/19/2012 5:11:43 PM PDT by Scythian
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To: Scythian

It would be the best way to die...ever!


37 posted on 03/19/2012 5:13:53 PM PDT by EEGator
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To: Mad Dawgg
Sweden: a small socialist nation whose actions should never be emulated by the US, and whose sole contributions to Western Civilization are Anita Ekberg and the Swedish Bikini Team.
38 posted on 03/19/2012 5:38:07 PM PDT by GenXteacher (He that hath no stomach for this fight, let him depart!)
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To: Mad Dawgg

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.


39 posted on 03/19/2012 5:40:15 PM PDT by riri (Plannedopolis-look it up. It's how the elites plan for US to live.)
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To: EEGator

It is thoughtful to marks with Xs, my vision is not so good these days.


40 posted on 03/19/2012 6:17:34 PM PDT by School of Rational Thought (Fun for women ages 21 through 35)
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To: School of Rational Thought

That’s why I want a Swedish woman, they’re so thoughtful.


41 posted on 03/19/2012 6:29:46 PM PDT by EEGator
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To: GenXteacher

You could lose an eye with that chick on the left.


42 posted on 03/19/2012 6:41:03 PM PDT by EEGator
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To: Mad Dawgg
Real hard to have an economy if the government isn't being prudent on how it treats its money be it paper or digital. The latter is much easier to debase, ie the computer while the other is more time consuming and frankly more expensive. This step by Sweden will make it that much harder on the population when the inevitable government debt becomes a noose around the citizens neck. Of course it will make it that much easier on the government there to steal even more from their people until very little is left which I assume is the point of going cashless in the first place.
43 posted on 03/19/2012 7:36:50 PM PDT by DarkWaters ("Deception is a ste of mind --- and the mind of the state" --- James Jesus Angleton)
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To: All
from the article

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)

44 posted on 03/20/2012 2:13:41 AM PDT by Cronos (Party like it's 12 20, 2012)
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To: Mad Dawgg

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............


45 posted on 03/20/2012 6:04:31 AM PDT by Red Badger (If the Government can make you buy health insurance, they can make you buy a Volt................)
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To: Mad Dawgg

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.


46 posted on 03/20/2012 7:44:36 AM PDT by LibertyLA (fighting libtards and other giant government enablers!)
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Comment #47 Removed by Moderator

To: Mad Dawgg
I had to cancel my debit card (long story) and the nine days until the replacement arrived were a PITA. I use it for most everything including paying monthly bills.

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.

48 posted on 03/20/2012 4:37:34 PM PDT by Glenn (iamtheresistance.org)
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To: EEGator

Thanks other dude. My non-hipness is showing.


49 posted on 03/20/2012 5:37:54 PM PDT by Leep (Dueling tag lines=don't worry,you'll be a vegetable guy soon<>It's gonna be a Newt day!)
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