Would the United States save money by switching to a cashless economy?

by Scarecrow Fri Mar 23, 2012 9:19 pm

Can you imagine how easy it will be able to wipe you out or control you when some official in government or private industry has the ability to simply push a button and your account is gone or being held in limbo until you satisfy some demand?

Not to mention that complete and total accounts of individual activities using electronic transfers will greatly enable the control aspect that government seems intent upon imposing upon us.

The sure signs of such coming to pass will first be the enacting of new laws and restrictions on bartering, black markets, and personal activities as raising your "own" veggies and chickens, etc. Self-sustainment will be seen as terrorism against TPTB.

http://www.slate.com/articles/business/cashless_society/2012/03/cashless_society_how_much_would_the_united_states_save_by_ditching_paper_money_.html

by oftenwrong Fri Mar 23, 2012 10:41 pm

Of course the Banks would like to have a cashless economy. They would know everything about you, and be able to control your economic activities.

by Guest Sat Mar 24, 2012 2:10 pm

The United States operates essentially cashless now. About two weeks ago, several family members and I were invited to a downtown restaurant. When we arrived, all of us suddenly realized that we needed cash to park in the downtown parking lot across from the restaurant. We searched ourselves, and between us found the five dollars required.

A bit later, when it came to paying the restaurant bill, no problem. All of us pulled out credit and/or debit cards, and we “fought” over who was going to pick up the tab (I lost).

That’s an illustration of how cashless we’ve become. I once checked to see if I had enough cash in my pocket before leaving home. I now check to see if I’ve got my credit and debit cards in my wallet.

A certain “Hit It and Quit It” store that I frequent features my favorite drink, Diet Mountain Dew, at a self-serve fountain in forty-four ounce cups. Total with tax? A buck thirty nine. How do I pay? Swipe the credit card through the self-swipe device on the counter. Since it’s below a certain amount, I don’t even have to sign; it’s just swipe, push credit or debit, “Thank you, sir” from the clerk, “Thank you, sir/ma’am) from me, and I’m outta there, cup in hand, smile in my heart.

Cash? I need to restore the twenty dollar bill I normally keep stashed away in an unused corner of my wallet for “emergencies” like paying for parking downtown.

by oftenwrong Sat Mar 24, 2012 5:40 pm

A Twenty Dollar bill!!

Not so long ago you could fill your Chevy Bel Air's tank with gas and still have change from that.

by Guest Sat Mar 24, 2012 5:48 pm

Now it’s nothing more than pocket change.

by wyouser Mon Apr 23, 2012 11:08 pm

Just a thought but...you can still buy a gallon of gas in the United States for 20 cents. This is for real. It Is not wishful thinking. To accomplish this you will need 2 dimes. Both MUST have a mint year of 1964 or earlier. The silver content in each (They are 90% silver) is currently worth $2.25 to $2.27 each. In 1964 you could buy a gallon of gas for 2 dimes. In 2012 you still can. And now (as then) you will get a little change back from your dimes.

by Guest Tue Apr 24, 2012 2:26 am

Two dimes for a gallon of gas and some change in my pocket? I wish! Bought some gas for seventeen cents a gallon back before they invented dirt.

by oftenwrong Tue Apr 24, 2012 10:17 am

In the rubble of 1945 Germany, the unit of currency was the cigarette.

Is it now to be the US Gallon?

by Guest Tue Apr 24, 2012 3:37 pm

Gasoline Certificate

To the bearer: This certifies that one dollar is on deposit at Fort Knox, under constant guardianship of United States Army Rangers, and payable upon demand by bearer.

by oftenwrong Tue Apr 24, 2012 5:29 pm

We used to get four of those to the British Pound. Now we get one-and-a-half.

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Would the United States save money by switching to a cashless economy?

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