Cashless society

SHIFTYBUSINESS said:

...... Cash is dirty and can transmit viruses how many fools would welcome cashless society based on that?

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Mojo88 said:

I woulda thought same thing, but a recent study conducted by LendEDU tested various payment instruments on a germ scale, with higher scores equaling more contamination. The study revealed that the dirtiest credit and debit cards held nearly twice the amount of germs compared to the average germ score of even the filthiest bills and coins.

A separate study highlighted the ways in which COVID-19 can live on plastic for up to seven days. With the lifespan of a virus in mind, credit cards hardly present a safer alternative to cash, especially when you factor keypad touch points into the equation.

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gfcobra04 said:

I read a article about cashless society it had a different take on it. Yes the government and banks will now know where every penny goes however have you noticed what the interest rate is on checking and savings accounts. It’s basically zero ok 0.02%.
So if you can’t take your money out of the bank because we are a cashless society. What do you do if interest rates go negative!!!!
What if the bank changes the interest rate to -1.5%/month on your savings account. The bank now charges you $150/month per $10,000 you have in that account.
You can’t remove your money we’re cashless.

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RDJ said:

I am not much for shit from Dave Ramsey some of his stuff is decent but a lot of it is simply unobtanium for the average joe. I am even less of a fan of conspiracy theories but this article by Ramsey is pretty much spot on. It does leave out the effect going cashless will have on the poor however :


HERES WHAT NO CASH ACTUALLY MEANS:
View attachment 1651565View attachment 1651566View attachment 1651567View attachment 1651568
A cashless society means no cash. Zero. It doesn’t mean mostly cashless and you can still use a ‘bit of cash here & there’. Cashless means fully digital, fully traceable, fully controlled. I think those who support a cashless society aren’t fully aware of what they are asking for. A cashless society means:
* If you are struggling with your mortgage on a particular month, you can’t do an odd job to get you through.
* Your child can’t go & help the local farmer to earn a bit of summer cash.
* No more cash slipped into the hands of a child as a good luck charm or from their grandparent when going on holidays.
* No more money in birthday cards.
* No more piggy banks for your child to collect pocket money & to learn about the value of earning.
* No more cash for a rainy day fund or for that something special you have been putting $20 a week away for.
* No more charity collections.
* No more selling bits & pieces from your home that you no longer want/need for a bit of cash in return.
* No more cash gifts from relatives or loved ones.
What a cashless society does guarantee:
* Banks have full control of every single penny you own.
* Every transaction you make is recorded.
* All your movements & actions are traceable.
* Access to your money can be blocked at the click of a button when/if banks need ‘clarification’ from you which will take about 2 weeks, a thousand questions answered & many passwords.
* You will have no choice but to declare & be taxed on every dollar in your possession.
* If your transactions are deemed in any way questionable, by those who create the questions, your money will be frozen, ‘for your own good’.
Forget about cash being dirty. Stop being so easily led. Cash has been around for a very, very, very long time & it gives you control over how you trade with the world. It gives you independence. I heard a story where a man supposedly contracted Covid because of a $20 bill he had handled. There is the same chance of Covid being on a card as being on cash. If you cannot see how utterly ridiculous this assumption is, then there is little hope.
If you are a customer, pay with cash. If you are a shop owner, remove those ridiculous signs that ask people to pay by card. Cash is a legal tender, it is our right to pay with cash. Banks are making it increasingly difficult to lodge cash & that has nothing to do with a virus, nor has this ‘dirty money’ trend.
Please open your eyes. Please stop believing everything you are being told. Almost every single topic in today’s world is tainted with corruption & hidden agendas. Please stop telling me & others like me that we are what’s wrong with the world when you hail the most corrupt members of society as your heroes. Politics & greed is what is wrong with the world; not those who are trying to alert you to the reality in which you are blindly floating along whilst being immobilized by irrational fear. Fear created to keep you doing & believing in exactly what you are complacently doing.
Pay with cash & please say no to a cashless society while you still have the choice.

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ON D BIT said:

Unobtanium for the average joe? Everything he talks about can be done by everyone if you choose. He himself had no money no job and bankrupt and chose to live by what he preaches.
Someone making less the $40k a year mowing lawns for a living(one income family) is a millionaire with a paid for house and no debt 25 years later. Average joe that anyone can obtain they follow simple steps and live in less than they make.
What conspiracies?

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RDJ said:

I didn't say anything about conspiracies. I stand by what I said .. some of his advice is good. some in controversial and a lot of it the average joe can't do. I stand by that opinion, I also stand by the opinion that dave ramsey is over rated and over hyped. Your opinion may vary

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