AP: In Sweden Cash Is King No More

Quit whining. None of those things exist in America. You want to see those things in action go check out China, Russia or Iran. It's a completely different situation than it is here.

 

that was your idea not mine.

i merely questioned the wisdom of giving government so much power over our lives and you doubled down by bringing in Obama.

 

All day long...

 

You want more MF Globals? No thanks.

 

You do know we invaded Libya because they were going to a gold backed currency and they were trying to convince other African nations to do the same.....Thats the reason Kadaffi had to go. You would notice one of the first actions of the rebels < cough AQ> was to install a central bank. Gee while fighting for the "freedom" of the country they took the time to make a central bank.....

 

When you have two non choices you dont have a choice....

 

The money has to be backed by something. Otherwise, its just a bunch of digital coding that has no meaning.

I am all for the elimination of paper currency, but that doesn't change the concept of money, or what it is, or what purpose it serves.

 

How are individuals going to exchange money? I gave a coworker a dollar this morning to participate in a lottery pool. Will everyone be required to carry their own "money scanner" if they ever expect to get money from another individual?

 

The people who elected Hitler would be nodding their head at you if they didn't have to experience the wrath of such support.

Your faith in politicians and government astounds me.

No need for being an ass.

Defend your positions in the face of facts and history, and if you can't do that, its apparent whom needs to be informed.

 

RFID chips...

 

The money is still backed. This idea that the money has nothing behind it because its digital is simply incorrect.

Even if all currency was digital, and I felt that the dollar was too risky, I could still use that money to trade for gold or other precious metals that I feel are a better investment and security.

That is what it comes down to, is peoples desire to hold their money and its value under their mattress if they want. This wouldn't change that, only that rather than paper, you actually hold the precious metal.

 

Already happening.

Paypay has a system where two people bump their cell phones together after entering the amount to transfer and it electronically moves funds from one persons bank account to the other.

Squareup is a company that allows individuals to cheaply take credit card payments on their cell phones.

There are new companies popping up everywhere that are getting in on the trend of digital currency. I don't carry currency much anymore. No need to be bulking up my wallet as everybody takes credit/debit other types of payment now. As soon as individuals are fully onboard, what would paper currency be good for?

 

What if I don't have or want a cell phone ... or can't afford one ... or forget it at home ... or the battery dies?

I have no philisophical issue with an all digital money world. My issues are with convenience. If I forget to put my currency in my pocket in the morning before I leave for work and want something from a vending machine then I can get more from any ATM around ... or I can try and borrow some from a coworker. What if, in the future, I forget whatever device is used to exchange money? Is my bank going to give me a temporary money thingy. Am I going to have the drag my coworker to the vending machine with me?

 

To be honest, I think eventually all your data is stored on a chip under your skin. ID, money, etc. and its all transfered electronically.

I don't think government will do away with currency until nobody is using it anymore. It will happen naturally.

 

Yeah, and I bet if you buy enough gold with your "credits", you'll eventually get someone's attention, and they'll want to know why you're buying so much gold. "What's wrong with our credit monies comrade?"

 

Oh Jesus Christ. That is not why we attacked Libya.

 

Please dont tell me you believed we bombed the (*)(*)(*)(*) out of a country and let AQ take over to "help civilians".

You do know the only reason the dollar is still floating is because the dollar is the Reserve Currency yes? You cant see the issue with countries that are loaded with natural resources going to a gold standard?

 

I agree. when it happens it will just make sense for it to happen.

Physical money is resource heavy and difficult for monetary policy makers to manage. It's only a matter of time really.

Don't know about the computer chip IDs. I don't think that will ever be politically popular. Too dehumanizing.

 

You could say the same thing about people withdrawing cash from the bank.

I still don't see how its any different.

 

I want to pay in cash like I always have

 

Quit pretending you have inside information because you read a conspiracy blog.

 

How would you buy the things you need?

 

So Libya was not discussing going to the gold Dinar? That was all a "conspiracy"? The Dollar is not the Reserve Currency? That is all a conspiracy?

Oil rich countries leaving the dollar would not impact the dollar and risk its reserve status? That is a conspiracy?

Ignorance is not an excuse.

 

If the government mandates that all 'currency' be digital, and you're buying up a valuable commodity with your digital credits, something which you can posses and use independently of the mandated system, you're going to draw suspicion. It's already considered suspicious to hoard precious metals.

 

I never said they weren't.

Your logic is broken. You failed to directly connect the Dinar to the attack. Not a single shred of evidence points to that as a reason to attack Libya.

Your claim is nothing more than a wild conspiracy.