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STAFF NEWS & ANALYSIS Cashless Societies: How Realistic? By Daily Bell Staff - December 28, 2015 In Sweden, a Cash-Free Future Nears ... Parishioners text tithes to their churches. Homeless street vendors carry mobile credit-card readers. Even the Abba Museum, despite being a shrine to the 1970s pop group that wrote "Money, Money, Money," considers cash so last-century that it does not accept bills and coins. Few places are tilting toward a cashless future as quickly as Sweden, which has become hooked on the convenience of paying by app and plastic. – New York Times Dominant Social Theme: Remove analog...

Tim Cook, chief executive of Apple, makes bold prediction about the death of cash as he promotes Apple Pay alternative Tim Cook, the chief executive of technology giant, forecast the death of cash by the time current university students have a family. Cash is still used for more than half of payments by consumers, according to Payments UK, the industry body, but its popularity is falling as people switch to cards and smartphone apps such as Apple Pay and Google Wallet.

As central planners the world over grapple with the effective "lower bound" that's imposed by the existence of physical banknotes, there’s been no shortage of calls for a ban on cash. Put simply, if you eliminate physical currency, you also eliminate the idea of a floor for depo rates. After all, if people can't withdraw paper money and stash it under the mattress, then interest rates can be as negative as the government wants them to be in order to "encourage" consumption. If, for instance, you’re being charged 10% for saving your money, then by God you will probably spend...

Sweden is shaping up to be the first country to plunge its citizens into a fascinating — and terrifying — economic experiment: negative interest rates in a cashless society. The Swedish central bank, the Sveriges Riksbank, on Wednesday held its benchmark interest rate at -0.35%, the level it has been at since July. Though retail banks have yet to pass that negative rate on to Swedish consumers, they face increased pressure to do so as long as the rates remain where they are. That's a problem, because Sweden is the closest country on the planet to becoming an all-electronic cashless...

Jim EdwardsOctober 28, 2015 Sweden is shaping up to be the first country to plunge its citizens into a fascinating — and terrifying — economic experiment: negative interest rates in a cashless society. The Swedish central bank held its benchmark interest rate at -0.35% today, the level it has been at since July. Although retail banks have yet to pass on that negative to rate to Swedish consumers, the longer it's held there the more financial pressure there is for banks to pass the costs onto their customers. That's a problem because Sweden is the closest country on the planet...

AAPS Executive Director Jane Orient, MD points out that: The provision states that uninsured patients, and ONLY uninsured patients may use credit, a credit card, a check, or a draft (but not cash). This implies two things: (1) Insured patients cannot pay for pain treatment that their insurance supposedly covers but denies in their case. (2) Uninsured patients who are hard up and don't have a checking account or credit cannot buy this type of medical care. Why should they not be allowed to use currency that is legal tender (and does not involve paying fees to a bank)? And...

If you make it so burdensome to operate a legit business, then you're basically giving people without big lines of credit and capital few choices but to work in the cash-only underground economy.It won't be much of a surprise to those living outside the Washington D.C. beltway and the Unicorn Herd of start-ups selling for millions of dollars that the underground cash-only economy is one of the few bright spots in the U.S. economy. Correspondent B.U. recently submitted this report from rural America in response to my entry What Happens to our Economy as Millions of People Lose the Habits...

Hillary Clinton technically beat Bernie Sanders by $2 million in the chase for campaign cash over the last three months. But, that isn't the story -- not even close.

I found this the other day by accident. I've never seen a class action lawsuit such as this . Starkist wants to avoid litigation so this is what they are offering to you. They don't require a receipt but you sign off under penalty of perjury..

“Advice on the looming crash, No.1: get hard cash in a safe place now; don't assume banks & cashpoints will be open, or bank cards will work,” he tweeted. “Crash advice No.2: do you have enough bottled water, tinned goods & other essentials at home to live a month indoors? If not, get shopping. “Crash advice No.3: agree a rally point with your loved ones in case transport and communication gets cut off; somewhere you can all head to.”

Deuteronomy passages are about to come True, My WORD spoken over you , My blessings to the righteous and pure in Heart, It is the first place I look and where I always start! For your Heart IS your Wellspring so it can not lie to Me, It always reveals the truth of who you are and will be, So let your Yes be Yes and your No remain No. Stand on My WORD and I will never let you go! But waiver in your belief That I AM the One and Only True God?! And you will live in...

MAHWAH, N.J. (AP) -- Police say a man drove off with a bag containing $150,000 in cash after two employees who were replenishing ATMs mistakenly left it on a lawn in northern New Jersey. Mahwah police say in a news release that the ATM employees had stopped at a business on Industrial Avenue when one of them placed the satchel on the front lawn as he moved items around in their vehicle.

Capital controls have been in place in Greece since the start of the month to protect the banks from mass withdrawals by nervous Greeks. They have rightly been concerned about their savings, the collapse of the banking system and the loss of their savings in deposit confiscations or bail-ins.

The Transportation Security Administration is getting an earful from angry Americans after the agency’s spokeswoman tweeted a photo of the contents of a traveler’s suitcase – $75,000 in cash – for all the world to see on Tuesday. “If you had $75,000, is this how you’d transport it? Just asking! TSA @ RIC spotted this traveler’s preferred method,” tweeted Lisa Farbstein, TSA spokeswoman at headquarters in Arlington, Virginia. The public reaction was fierce and included some of the following comments: So … taxpayers are paying you to tweet photos of their luggage? image: http://www.wnd.com/files/2015/06/TSA_Lisa_Farbstein.png TSA_Lisa_Farbstein What other perfectly legal possessions...

It may be time to put money under the mattress. High profile fund managers explain how to prepare for a 'systemic event' ___ Ian Spreadbury, who invests more than £4bn of investors’ money across a handful of bond funds for Fidelity, including the flagship Moneybuilder Income fund, is concerned that a “systemic event” could rock markets, possibly similar in magnitude to the financial crisis of 2008, which began in Britain with a run on Northern Rock. “Systemic risk is in the system and as an investor you have to be aware of that,” he told Telegraph Money. • Get a...

By Andrew Oxlade 7:04AM BST 20 Jun 2015 It may be time to money under the mattress. High profile fund managers explain how to prepare for a 'systemic event' The manager of one of Britain’s biggest bond funds has urged investors to keep cash under the mattress. (snip)

We've got a secret the rental car companies would prefer you didn't know. people camping in RV More The Cheapest Way to Roadtrip Might Surprise You 3 Ways to Avoid Costly Rental Car Insurance These Are the Most Hated Fees in America This won’t come as news to commuters and frequent road trippers, but drivers are encountering more and more toll roads, as well as higher and higher tolls on the existing ones. The latest example is I-10 in Texas, where plans called for the maximum toll during peak travel hours to shoot from $7 to $10 as of May...

One of the most effective means the elite use today to get their way and push a particular agenda is to make it "hip, swinging, and very, very cool." Another way is to simply tell you what is obsolete and "out dated." Who wants to be "behind the times"? Certainly not someone who is looking for the next "really cool" gadget! No, this particular person wants to be on the "cutting edge" of the "next big thing"! Enter the banking cabal and their desire to have total and absolute control of your life through your banking account and your means...

Confirming conservative stereotypes, Germans have come out strongly in favor of sticking to hard cash in conducting transactions, a survey published on Thursday showed. Paying for your bus ticket with a contactless card, putting down plastic in a restaurant or shop—these may be everyday aspects of life in the Anglophone world. But not so in Germany, where remembering to go to the cash point is something many expats have to get used to. And according to a study released by YouGov on Thursday, this is just how Germans like it. Nearly three quarters (74 percent) of respondents said that they...

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