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Ready To Go Cashless? Almost Half of the West Has Gone Cashless . . .

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British People are walking away in droves from the digital offshores, like Ebay and stopping using Paypal.

They know who Soros is, and they don't want him associated with, and having shares in their online lives.

Meanwhile the Digital Delphic Oracle will give the shareholders as much good news about the digitals' stock-market value as you are willing to pay.

|t's all going to hell, and it ain't coming back till the Soros' clear off this mortal coil one way or the other. God Save the High-street shops.

He who dares wins!

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BUDGET 2018 LIVE: Hammond claims 'era of austerity is coming to an end' as he raids Amazon and Facebook with new £400m 'digital tax', pumps billions into defence and NHS and freezes duty on fuel, beer and spirits
https://dailymail.co.uk/home/index.html

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Victory Beckons   ....




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I have seen this in my city.  For basic services, the city and state government tell residents they must use credit or debit card. The excuse is that they do not trust state employees to handle cash and checks.   ???

Furthermore to access city and state services you must have an online presence.  They are closing more and more local and state offices that deal with government functions that people need.



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Re: Ready To Go Cashless? - Losing The War On Cash
« Reply #27 on: Oct 30, 2018, 05:03:57 am »
 

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Losing The War On Cash - Swedish Central Bank U-Turns On 'Cashless Society' Agenda






'Sweden’s Riksbank has become the first central bank in the 21st century to take concrete measures to ensure that cash does not disappear as a means of payment from the financial system. To that end, the Riksbank proposes, in a document published on its website, to make it mandatory for all banks and financial institutions to offer cash services.

The pronouncement comes in response to a recent policy suggestion by the Riksbank Committee that only the country’s six major banks should be obligated to continue offering cash services.

That prompted a backlash from Sweden’s competition watchdog, which argued that the plan would distort competition as it would affect only a few of the nation’s banks. In response, the Riksbank has opted to apply the rule to “all banks and other credit institutions that offer payment accounts.”


There was also a difference of opinion between the Riksbank Committee and the central bank’s senior management on the issue of deposit facilities. While the Committee recommended that banks should only be obligated to provide deposit facilities to businesses, the Riksbank believes it is important for banks to also offer deposit services to individual citizens:

“This is a service that consumers can reasonably expect of credit institutions. There must also be symmetry between withdrawal and deposit facilities. In the Riksbank’s view, there is otherwise a risk that the possibilities for individuals to make deposits will decrease even further in the future. For most consumers, it would also be difficult to understand why they can withdraw cash from an account but not make deposits.”

For years, the government and the Riksbank have been pushing for a “cashless society.” The Riksbank has over 1,000 articles posted on its website on the “cashless society“. The emphasis worked: between 2013 and 2017, the amount of cash in circulation dropped by 35%, earning Sweden a reputation as the world’s “most cashless nation”:'

Read more: Losing The War On Cash - Swedish Central Bank U-Turns On 'Cashless Society' Agenda




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Sweden Is on the Verge of Going Completely Cashless: What Could Possibly Go Wrong?
https://www.theorganicprepper.com/sweden-cashless/





Sweden is rapidly turning into a cashless society, which seems like the utopian dream of many a government figure. What could possibly go wrong from the government’s point of view? Isn’t it ideal that they could soon digitally control every single person in the country?

Actually, quite a few things are going wrong. So much so that even members of the government are expressing concern.

Sweden is the most cashless society in the world

The change is happening fast in the European country.

Quote

“No cash accepted” signs are becoming an increasingly common sight in shops and eateries across Sweden as payments go digital and mobile…

…Sweden is widely regarded as the most cashless society on the planet. Most of the country’s bank branches have stopped handling cash; many shops, museums and restaurants now only accept plastic or mobile payments…

…Last year, the amount of cash in circulation in Sweden dropped to the lowest level since 1990 and is more than 40 per cent below its 2007 peak. The declines in 2016 and 2017 were the biggest on record…

…An annual survey by Insight Intelligence released last month found that only 25 per cent of Swedes paid in cash at least once a week in 2017, down from 63 per cent just four years ago. A full 36 per cent never use cash, or just pay with it once or twice a year. (source)


Cash is used so infrequently that the government of the country has demonstrated concern. And this isn’t just in the big cities. A source in rural Sweden tells me that even in his remote area, the push to go cashless is omnipresent.'

Read more: Sweden Is on the Verge of Going Completely Cashless: What Could Possibly Go Wrong?




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The RISE Of The Cashless Society & The TRUTH About Bitcoin with Jeff Berwick

















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Re: Ready To Go Cashless? - Millions 'will suffer without cash'
« Reply #30 on: Dec 19, 2018, 05:53:05 am »
 

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BBC.co.uk


Millions 'will suffer without cash'
http://www.bbc.co.uk/news/business-46596154





'The UK risks "sleepwalking" into becoming a cashless society with millions of people disadvantaged as a result, a study has concluded.

Banknotes and coins are a necessity for eight million people, according to the Access to Cash study.

The report, authored by ex-financial ombudsman Natalie Ceeney, said a cash-free society would create problems for those in debt or living in rural areas.

Last year, debit cards overtook cash as the UK's most popular payment method.

Cash use has halved in the past 10 years, with notes and coins now handed over in three in every 10 transactions. Cash use is forecast to halve again in the next decade.

"As cash use continues to fall, we need to safeguard the use of cash for those who need it, and at the same time work hard to ensure that everyone can participate in this digital economy," Ms Ceeney said.

Her report was paid for by cash machine network operator Link, but was independent from it.'



Read More : Millions 'will suffer without cash'



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Retailers Rejecting Customers' Cash As More Ban Paper Money
« Reply #31 on: Dec 31, 2018, 07:25:05 am »
 

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Retailers Rejecting Customers' Cash As More Ban Paper Money
https://www.zerohedge.com/news/2018-12-29/your-cash-not-welcome-more-retailers-banning-paper-money





Your cash is not wanted here", a growing number of retailers and restaurants throughout the US and UK are telling customers. But are reasons being given by companies for the new "cashless" approach — speed, efficiency, and the safety of store employees — valid enough to require something as utterly and downright unAmerican as rejecting cash?

We think not, and unfortunately the trend of "cash not welcome here" establishments is growing, to the point that lawmakers are beginning to take note and could introduce legislation barring the practice, as Massachusetts has done already, and as the New Jersey State House could be set to do next. According to a Federal Reserve survey conducted in 2017 cited in The Wall Street Journal, cash represented 30% of all transactions in America, with 55% of those being under $10.



Regardless of Americans' longtime preference for plastic in most transactions, many of which take place online, research by the Federal Reserve found that cash is still king in terms of Americans' daily lives and usage, and as the study concluded further, this remains true across all income levels:

Quote
    Not only is cash used frequently for small value and in-person purchases, it is also used by a wide array of consumers. The data on cash use by household income provides two main insights. First, consumers make—on average—14 cash transactions per month, regardless of household income. It is also noteworthy that cash was the most, or second most, used payment instrument regardless of household income, indicating that its value to consumers as a payment instrument was not limited to lower income households that may be less likely to have access to an account at a financial institution.

But this reality is now pushing up against the new trend of the cashless restaurant, bar and retailer, and creating awkward and frustrating situations for consumers, as a new Wall Street Journal piece chronicles. In one scenario, a customer had to intervene on another's behalf and play personal bank for a "card only" salon, even though there was plenty of cash on hand offered by the woman who couldn't pay.'

Read more: Retailers Rejecting Customers' Cash As More Ban Paper Money



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Nano-Chips in $50 & $100 Bills to Track Underground Economy
« Reply #32 on: Jan 04, 2019, 07:30:18 am »
 

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Australia Inserting Nano-Chips in $50 & $100 Bills to Track Underground Economy & Coming Barter System
https://www.armstrongeconomics.com/armstrongeconomics101/economics/australia-inserting-nano-chips-in-50-100-bills-to-track-underground-economy-coming-barter-system/





'While the BitCoin people have hated me for not agreeing with them that a private currency could displace the currencies of all nations and BitCoin would be the new “reserve currency” killing the dollar, to me they are in serious need of help. They have ZERO comprehension of governmental power and ZERO understanding of what is going on behind the curtain. The IMF has come out and stated that each nation should issue their own cryptocurrency and these fools cheers claiming I am not with it and do not get this new age of technology. Sorry, but these people are really clueless if not perhaps undercover people with a mission to get people willing to surrender their final liberty – paper money.

While cryptobugs advocate gold is dead and BitCoin will conquer the financial world, they miss the point entirely. The IMF is by no means embracing cryptocurrencies for the same reason these people have claimed it will bypass central banks. The IMF is advocating the end of paper money to kill the underground or black economy solely to aid the hunt for taxes and to PREVENT bank runs. If there is no paper money, how can you run to the bank in a panic demanding to withdraw your money? They also argue eliminating paper money will end crime.

Now, Michael Andrew, the man appointed by the Australian Federal government to lead the ‘Black Economy Taskforce’ at the end of 2016, is arguing for an interim-step. He believes tracking the currency denomination is the best solution in stopping the underground/black economy and grabbed taxes if you found a $50 or $100 bill on the street and failed to give the government their 50%.

Governments are going broke. They will not listen and instead, they are obsessed with just a solution for the next quarter. They lack any vision of the future and will NEVER tax responsibility for their own mismanagement. Their single solution is to always raise taxes rather than reform. The more they press toward this cashless society the greater the economic implosion. What comes after the elimination of cash and the budgets are never balanced with institution starting to shift to private assets rather than government bonds that pay nothing and present huge risks will be the default on social programs without the corresponding reduction in taxes. This all leads to the inevitable collapse of Western Society just as we witnessed the collapse of Communism in 1989.'

Read more: Australia Inserting Nano-Chips in $50 & $100 Bills to Track Underground Economy & Coming Barter System



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truepublica.org.uk
http://www.truepublica.org.uk/



MasterCard confirms significant move towards cashless society
http://truepublica.org.uk/united-kingdom/mastercard-confirms-significant-move-towards-cashless-society/





'Mastercard was originally known as “Interbank” and “Master Charge” from 1966 to 1979. It was created by several California banks as a competitor to the BankAmericard issued by Bank of America, which later became the Visa credit card issued by Visa Inc.

Prior to its initial public offering in 2006, it was a cooperative owned by the more than 25,000 financial institutions that issue its branded cards. Its latest announcement confirms a significant technical move towards cashless societies.


  • Mastercard announces name and logo change

  • Wants to be seen as a financial-tech firm instead of a credit-card network

  • Now moving over to artificial intelligence and machine learning technologies

  • MasterCard responding to a straight-line trajectory of current trends that would see an end to cash use by 2026 in Britain


Over the decades, Mastercard has kept up with technology and has had many iterations since it started trading in 1966. Skipping forward to March 2012, MasterCard announced the expansion of its mobile contactless payments program, and later in the same year, it teamed up with Apple, to incorporate a new mobile wallet feature into Apple’s new iPhone models. Spam_A Spam_B Then in August 2017, Mastercard acquired Brighterion, a Delaware Corporation headquartered in San Francisco, California that provides a portfolio of artificial intelligence and machine learning technologies.

Here is where a big change to MasterCard’s direction takes place. And others are sure to follow.

MasterCard has just announced it has just dropped the name ‘Mastercard’. It will appear only as two intersecting circles of red and yellow (as per the main article image) with orange in the middle, on payment cards and sponsorships, and in stores where the card is accepted.

People are more often than not now paying without even a physical swipe or insert, but by inserting payment details or swiping a phone. Just for a start using the word “card” might seem a bit old-fashioned in our fast-changing world.

“As the consumer and commerce landscape continues to evolve, the Mastercard Symbol represents Mastercard better than one word ever could, and the flexible modern design will allow it to work seamlessly across the digital landscape,” the company said in a press release.'



Read More : MasterCard confirms significant move towards cashless society



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theguardian.com
http://www.theguardian.com/



Cash machine firms to be paid more in effort to stop further closures
http://www.theguardian.com/money/2019/jan/23/uk-cash-machine-operators-enhanced-payments-per-transaction-atm-closures





'Companies operating free-to-use cash machines in remote areas are to receive extra payments that could help stem the tide of ATM closures.

Under the changes, operators will receive increased payments of up to £2.75 each time someone withdraws cash from an eligible machine.

The extra financial support, paid for by Britain’s banks, is being introduced by Link, the UK’s largest cash machine network, following warnings ATM “deserts” could be created across the UK as providers shut unprofitable machines in less well-off and rural areas.

In June 2018, the consumer group Which? revealed cash machines around the UK were closing at a rate of 300 a month, with rural communities worst affected. About 1,000 ATMs will initially be eligible for the enhanced payments, with this number likely to increase, said Link.

Another benefit for consumers is that some cash machines that currently charge users to withdraw money are expected to be converted into free-to-use ones so operators can take the payments.

The move follows a row over a phased reduction in “interchange rates”, the fees card issuers, mainly banks, pay to ATM operators. In January 2018, Link announced a phased 20% cut in interchange rates over four years, from about 25p to 20p.

The cuts would have saved banks millions of pounds in charges, but after an outcry from campaigners and concerns from regulators, they were scaled back last summer.'



Read More : Cash machine firms to be paid more in effort to stop further closures



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Japan moves toward a cashless society
« Reply #35 on: Jan 24, 2019, 05:35:30 am »
 

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Calls for regulator to ensure access to cash after bank IT failures
http://www.theguardian.com/business/2019/feb/12/consumer-group-which-calls-for-cash-regulator-following-bank-it-failures


'The government is facing calls for a new regulator to protect consumers’ access to cash, following several bank IT failures and thousands of cash machine and branch closures across the UK.

The consumer group Which? said cash is still a necessity for more than 25 million people in the UK. It also noted the combined closures of cash machines and branches have left people struggling to pay for essential goods and services.

The charity is campaigning for the creation of a regulator with sole responsibility for cash infrastructure, which ensures continued access to physical money. Jenni Allen, the managing director for Which? Money, said: “We have serious concerns that the alarming rate of cashpoint and bank branch closures risks leaving people facing an uphill battle to access the cash they rely on.

“Cash is also a vital backup as fallible digital payments grow in popularity. So the government must appoint a regulator to oversee these changes and ensure no one is excluded and left struggling to go about their daily lives.”

About two-thirds of the UK’s bank branches have closed in the past 30 years. Of these, about 3,300 have shut since 2015 alone. This has left one-fifth of households more than two miles from their nearest bank.

Which? also published figures showing the UK lost nearly 3,000 cash machines in the six months to December, a rate of about 488 a month. This includes 250 free-to-use machines.

Over the whole of 2018, 102 protected machines, which receive additional subsidies from major banks to help keep them running, closed in remote areas.

Which? said that despite the rise in digital payments, there was still a “real appetite” for cash, with 73% of the population frequently using it to pay for goods and services.'



Read More : Calls for regulator to ensure access to cash after bank IT failures



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