China's march to be the world's first cashless society

The Straights Times ^ | Harvey Morris

[dfwgator]

Cashless society = no underground economy.

Barter will make a comeback.

[grey_whiskers]

666

[PGR88]

Also it causes all, both small and great, both rich and poor, both free and slave, to be marked on the right hand or the forehead, so that no one can buy or sell unless he has the mark, that is, the name of the beast or the number of its name.

Revelation 13:16-17

[dfwgator]

https://www.youtube.com/watch?v=WxnN05vOuSM

[NorseViking]

I actually barely remember when I used cash last time unless abroad.

[dfwgator]

Yep, the one good thing about a cashless society. Bums won’t ask you for money.

[NorseViking]

You can honestly say them you don’t have any. Although I forgot when last time seen a bum too:)

[goldstategop]

I use my debit card to buy goods online and I pay my bill peer to peer.

Cash Is increasingly obsolete. I haven’t had cash in my wallet for years.

[Obadiah]

This is exactly the concern. And my guess is that there is absolutely no turning back. This will go global.

[Zhang Fei]

It’s a bunch of hype. 1/3 of in person payments in China are made with non-cash payment methods. In the US, it’s 2/3.

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https://www.huffpost.com/entry/credit-card-payments-growth_n_1575417
[Meanwhile, plastic cards purchases comprised 66 percent of all in-person sales, with nearly half of them, or 31 percent, made with debit cards, according to Javelin. ]

[Secret Agent Man]

Of course, they want to be ablemto automatically cut you off from your momey and any loans or credit. tie in with your ‘social credit score’ bs.

[wastedyears]

Excellent

[Captain Rhino]

Of course, it will also further the crippling social control network that the CCP (aided by western IT firms) is presently implementing.

Get uppity? Get out of line with the CCP? Turn off their cash and credit cards.

[daniel1212]

What could possibly go wrong?

Just what I thought, prefaced by "So a communist government can make this cashless society mandatory. And thus can determine whether you can buy or not, and know and regulate what you can buy, and where you are whenever you buy in real time. And all of the above conditions would apply to selling. Unless you buy or sell illegally, which makes you a criminal, who can run but hardly hide. Indeed, what could possibly go wrong?

It is like the old "Thief in the night " movie, except more high tech. And the Christians did not get raptured (which awaits the end of the Trib. I think).

[metmom]

Count me out.

I don’t mind doing cashless when it’s convenient, but cash always works and I will fight doing it under compulsion.