Posted on 03/19/2022 6:49:02 AM PDT by Roman_War_Criminal
No. It’s not
Sure, but who cares about them. It’s the 3rd world. Heck they mostly don’t even use their own money, they prefer American dollars. But in the grand scheme of things they don’t matter. They’re mired in the past. South America is in the 1960s.
Crypto shows a demand for a lot of stuff. Among them hipster trendiness, techno savvy, and get rich quick. Also a fine reminder that money is what the people say it is, not the government.
It’s not a trend. It’s reality. Been reality for ages. Debit cards killed cash. Every single cash transaction since the debit card was invented is just a dead cat bounce. And the constant evolution from there. Debit cards have morphed to phone paying. We old farts who remember the time before ATMs are hanging on mostly out of habit, we were raised a certain way. But check the young. Cash for them is right there with payphones, they might have seen it once. Venmo, Apple Pay, all the other stuff. Debit cards are “old people” to them.
When I was in South America they were using their own currency to pay, not dollars. But I’m sure they save the dollars. (A better store of value)
You may scoff at them but their distrust of the banking system is protecting them.
Young people in the west are quite foolish. They want to appear trendy without understanding the implications. They also publish every aspect of their lives on social media. No concept of the value of privacy.
They are going to be perfect digital serfs.
You think that purchasing gift cards are going to protect you? Not when the transaction is denied or your digital_id is transferred to the gift card.
I’m not saying South Americans should trust their banks. I’m saying they have NOTHING to do with how money works in the rest of the world. South America and Africa are trapped in the past for a bunch of reasons. They don’t matter, they aren’t how things work NOW for the world that actually does matter.
Insult the young people if you must, but they’re the ones that actually matter. They tell you how the world is going to work. It’s not about wanting to appear trendy, it’s about them growing up in a different world and not having baggage. My wife works at a college about 8 to 10 years ago she noticed an interesting trend when asking for IDs (cause you need a student to prove their them for a lot of stuff), most of the students leave their wallets in their car. They don’t need them. They don’t use cash, they don’t use debit cards, everything they need to live their life is on their phone. And keep in mind the ones in the beginning of that trend are pushing 30 now.
I acknowledge that privacy died in the 90s and that all attempts to “protect” myself are just feel good measures that accomplish nothing. Big data is here, combine surveillance cameras with transaction records and facial recognition. Here: https://www.vice.com/en/article/kb78de/that-time-the-super-bowl-secretly-used-facial-recognition-software-on-fans
And that was January of 2001. If you think you have any privacy right now you are wrong. It’s just that simple. I don’t care if you only use. I don’t care if you’ve never had a cellphone. It just doesn’t matter. Privacy died around the same time cash did and everybody talking about it now is bemoaning the barn door and not realizing that cattle left 25 years ago.
You write off an insult an entire continent, 100’s of millions of people.
“Insult the young people if you must, but they’re the ones that actually matter. They tell you how the world is going to work.”
Young people are only young for a very short time. They are the most easily manipulated people around. What they think is original thought is often what they have been programmed to believe through media. It has always been so.
Nothing is certain about the future, its course can be changed.
You seem to embrace digital slavery, if you are religious at all you would know that God is in control not man.
Very wise words. When I was in my early adulthood, I was hopelessly naive and accepted as gospel whatever the mainstream media at that time dished out. Early in my marriage, I subscribed to TIME, Newsweek, and the Boston Globe and considered myself well informed. I even enthusiastically supported Jimmy Carter for president in 1976.
Obviously I've done a complete 180 since. I'm also seeing it in my own adult children who are now moving through their 30s. So there is hope for all our young people.
It’s not an insult. It’s reality. As you yourself pointed they simply lack the core infrastructure to be a part of modern commerce. They don’t have a trustworthy banking system, they don’t have the technology for debit cards, they don’t have the internet everywhere, and they don’t have the disposable income for their spending habits to impact the world. They don’t matter.
Sure they’re only young for a short time. But the era they grew up in effects how they interact with the world. If you’re in your early 50s like myself you grew up in a world where non-cash purchases either involved those obnoxious little credit card impression machines, or checks with the clerk writing down all that stuff. IE a world where cash was the most convenient way to spend your money. People hitting 30 now grew up in a world of debit cards. Those hitting 20 grew up in a world of smartphones. For them cash is the LEAST convenient way to spend their money. They also grew up in a world where privacy doesn’t really exist. Surveillance cameras, loyalty cards, they have only known a world that can track everything they do. It’s a basic assumption of their definition of the world.
Some things are certain. Convenience always wins.
I acknowledge reality. We are now in a digital world. Like I said, it’s a sun rises in the east situation. Doesn’t matter if I wish the sun rose in the west. Sun don’t care. Neither do the basic forces of mass commerce. You got one thing right, neither of us is in control. It is how things work. The avalanche has started, the rocks don’t get a vote.
“They don’t have a trustworthy banking system, they don’t have the technology for debit cards, they don’t have the internet everywhere, and they don’t have the disposable income for their spending habits to impact the world.”
WE DON’T have a trustworthy banking system. Look at what just happened in Canada. That’s the point you don’t seem to get.
The internet worked just fine in South America and they had credit card processing at the hotels and restaurants. Maybe it was just a cultural thing, but people were paying with cash.
I acknowledge that technology has outrun law & culture by 50 years. But nothing is inevitable unless people give up. You have given up I haven’t.
BMP for later
I get it. But what you don’t get is that don’t matter. Have you seen a mass of people pulling their cash out of banks? Nope didn’t think so. Some folks wring their hands over the implications, but nobody is doing anything about it.
It isn’t inevitable. It ALREADY HAPPENED. That’s what you keep ignoring. The time to worry about this stuff was the 80s. That’s when the debit card first started getting adopted. That was when it could have been stopped, at least in theory. Like I said, the cows left 25 years ago. Stop bitchin about the door.
sounds about right
You just have no clue. The bible predicted such a system 2 millenia ago. Revelation 13.
People like you were predicted as well: 2Peter3: 3you must understand that in the last days scoffers will come, scoffing and following their own evil desires. 4“Where is the promise of His coming?” they will ask. “ Ever since our fathers fell asleep, everything continues as it has from the beginning of creation.”
“Have you seen a mass of people pulling their cash out of banks? “
The was a run on Canadian banks which is why Trudeau was forced to back down. Without cash their is no defense against banking tyranny.
Without privacy and control of your own money you are not free.
And then people put their money back. And nobody over here did anything. So they can still do it again.
Doesn’t matter. Privacy died in the 90s. Cash died in the 90s. I’ve explained it to you multiple times and you keep acting like there’s something that can be done. You’ve been led to water, you don’t want to drink, that’s on you. You want to be Don Quixote. Fine, don’t care.
Not so fast. This morning, when I went to have breakfast with a group I belong to, the restaurant where we eat announced that they will no longer issue separate bills to individual group members. If we continue to meet there, we will from now on have to pay for our meals in cash.
Enjoy your chains, may they rest lightly on you.
Enjoy pissing into the wind. Hope didn’t eat asparagus.
The multi-billionaire globalist SLAVERS, want to put chains on everyone in the world, by getting rid of cash.
And where, in our United States Constitution, does it say they have a right to do any of these things to anyone?
This is effing outrageous!
I like to barter. Just start honing your skills of trading and bartering goods and service.
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