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To: cynwoody

Fair enough, but you missed my point entirely. A cashless society will mean an attempt at total control by the powers that be. When you cannot see your money and it is only accessible through a card or number, you have lost control of your life and your fate. Who is to say they cannot take it away from you? The government can—even faster and with more laws than they do already. Congress shall have the power to COIN money, —” To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures; (Article one, section eight.)” — not print it, a power usurped by the “Federal Reserve” since 1913.


11 posted on 08/24/2014 12:06:53 AM PDT by Fungi
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To: Fungi
you missed my point entirely. A cashless society will mean an attempt at total control by the powers that be. When you cannot see your money and it is only accessible through a card or number, you have lost control of your life and your fate.

You were asserting that cash is faster than credit cards. Not true. On the average, in a place like a grocery store, swiping a credit card is the fastest form of payment.

Of course, obviously, cash is more private than traditional forms of non-cash payment, such as credit cards, debit cards, checks, ACHs, etc. The goal should be to develop a form of payment as private as cash yet as convenient as plastic.

But as it is now, you need to avoid the banking system entirely to achieve financial privacy. Taking cash out of an ATM and spending it on whatever may give you some privacy as to the whatever, but the cash is still coming out of your numbered, 1099-issuing, government-accessible bank account.

12 posted on 08/24/2014 12:54:43 AM PDT by cynwoody
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