Posted on 03/17/2023 12:31:12 PM PDT by Openurmind
We should press our slippery pols on it before it gets implemented.
It is absolutely true. Great you operated A business. Meanwhile cash continues to become a smaller and smaller portion of our economy. The simple reality is once that once the check guarantee card began to morph into the ATM card, which then morphed into the debit cash was already dead. It just didn’t know it yet.
There’s no myth about it. I’ve been paid by direct deposit since I got out of my student aid job. My mortgage comes out automatically. I’ve got a dozen other small bills on autopayment, probably more actually. My debit card does 99% of my purchasing.
Here:
https://www.pewresearch.org/fact-tank/2022/10/05/more-americans-are-joining-the-cashless-economy/
Cash has lost about 30% of its usage in the last 7 years. The people most likely to use cash have none. The people who actually have money don’t touch it. Meaning that while we still have a lot of cash transactions in quantity, they’re small transactions, and plenty of businesses have decided they aren’t worth the over head and have dropped it.
Cash is dead.
Has been for a long time. But it’s been coasting on momentum.
Old poor people don’t accept that yet (they are the momentum).
But once they’re gone so will the last remnants of cash.
Lighters and matches are going to be worth their weight in gold once they outlaw stoves and then outlaw electricity...
That’s a great idea! Abigail Adam’s did the needles and pins bartering too :)
Silicone tubing and silicone adhesives make for safe, easy assembly.
Granted, the only thing I’ve distilled so far is water, but the process is similar enough!
A CBDC by it’s design is a computerized digital system which means it can hacked,
———
More to it, loss of electricity shuts every persons ability to trade, buy, sell. Computer hacking, viruses, spoofing, etc additional problems…other concerns is the government can turn you off instantly, ie, go get that deadly Covid vax or else, gun buyer? Ammo buyer. hit the off switch…..do this, do that, or else….
Evil, pure evil, but as the good book warns, it will at some point in time be instated. We can not stop it, but we certainly can delay it.
I use them, but never carry a balance.
What’s driving this is the exorbitant bank fees for credit and debit card transactions.
The best bet is to set up legal second generation “scrip” organizations. Scrip has been around for a long time, and all it needs is a person or small group of people that can be trusted. From that point, the more people who join in the better.
In essence, it is a pseudo-currency that is used to facilitate bartering. 2G scrip uses encrypted data matrix bar code.
https://en.wikipedia.org/wiki/Data_Matrix
Common cell phones with a camera can be used to buy or sell, by scanning the data matrix on the object of sale, and two pieces of paper with the user’s data and the retailers data on them. Then enter short codes of the seller and the buyer to confirm the sale.
Importantly, some towns used scrip during the Great Depression, and they did much better than the country as a whole.
Dead cat bounce cause some banks are dumb and screw up a perfectly good advantage. I remember hearing about Countrywide Mortgage charging extra to get direct payments instead of checks, even though direct payments are way cheaper for them. Eventually people started realizing that was sleazy of them. Then the 2008 crash happened and they were one of the first to die, and a big part of that is cause they were sleazy. And now we’ve got SVB dying, and other banks taking hits. Wanna guess where they are on the card fee scale? I haven’t put any research into it, but we know how poorly run companies work.
Illegal aliens operate in a cash-only world. Seeing how the Uniparty is welcoming them in by the millions, they’re going to need to print more cash.
srmanuel wrote:
“
A CBDC by it’s design is a computerized digital system which means it can hacked, my guess is a CBDC in the USA will be under constant cyber attack by hackers both patriots and foreign governments to disrupt our economy
Crashing the payment system of a U.S. CBDC is the most likely way to fight it.
“
Winner, winner; chicken dinner!
That’s the vulnerability in the CBDC system...
HACKERS.
“For emergency, I often keep thousands of cash in gun safe”
Maybe you shoould take that cash and buy gold and silver as when “digital money” takes control you cash is worthless.
ABSOLUTELY...
“Illegal aliens operate in a cash-only world.”
And that is a fact... They have their own alternative economy that is played in house and local.
I think it’s prudent to have a fire-starting method on hand that doesn’t require refilling, along with lighters and matches. Have those, too, and extra fuel to refill the lighters. But depending on how long the situation lasts, you may want something that won’t run out.
If you go to the welding section of most hardware stores, there’s a tool that fits the bill. I’ve seen it labelled a “torch igniter” or a “strike lighter”, although everyone I know who uses one calls it a spark-thrower. Those are cheap, easy to use with one hand, and they last a long time.
How do you use it when the power goes out? Because IT WILL. How do you pay your next door neighbor for that gallon of milk he just picked up for you while he was in town? See... This is all a “Big City” concept that absolutely does not apply in the country. I am not going to drive 20 miles to get cell phone service so that I can use an app to work to pay my next door for that gallon of milk. And I SHOULD NOT HAVE TO...
“If you go to the welding section of most hardware stores, there’s a tool that fits the bill. I’ve seen it labelled a “torch igniter” or a “strike lighter”, although everyone I know who uses one calls it a spark-thrower. Those are cheap, easy to use with one hand, and they last a long time.”
Except folks are too lazy to use it. We now live in a world where one too many mouse clicks is a HUGE deal.
First off, don’t let the panic set in. It hasn’t happened yet, and there is a chance (A big one) that it won’t happen and if it does happen, the SCOTUS, among other branches, will have to weigh in.
But yes, plan on stuff like this. Honestly, a crypto CAN be created that is completely untouchable and untraceable (We know blockchain, for god’s sake) and other technologies like LORAWan, D-STAR (Shortwave data) and even side-band cellular transmissions scare the bejeezus out of the NWO.
We’ll be able to figure it out. Black markets will pop up and quiet frankly it won’t even be about the guns and bullets - It’ll be about eating and trading food aboce and beyond the allowances of a goverment limit.
I’m not worried yet, but am thinking. Start your garden, get some chickens / pigs or whatever the property allows and just start to close your gates to the outside world.
And finally, when they come - don’t be there.
When does the power go out anymore? I mean really. I grew in the 70s when the power seemed to go out every other storm, and hit most of the city for enough hours to start worrying about food in the freezer. My last blackout was a couple of months ago, hit about 2 square miles, lasted about an hour. Last serious blackout was over 15 years ago, that lasted most of the day, but even then only took out 5 or 6 square miles, drive 2 miles in any direction no more blackout.
As for “quick and small” transactions. Venmo and similar. I’ve given plenty of people a bit of money quick as an email. Heck my favorite pumpkin/ Christmas tree seller has even dropped card support. Only uses the apps.
Here’s the problem with “the country”: NOBODY LIVES THERE. As far as forces of history are concerned “the country” just doesn’t matter. If you gotta drive 20 miles for cell service you’re the modern equivalent of Jeremiah Johnson, and just like how society then didn’t give a damn about mountain men, society now don’t give a damn about you. You’ve already been written out. And you and your 2 dozen closest neighbors can keep using cash forever and nobody is gonna care, or notice.
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