Cash makes/keeps YOU the King.
Co-workers and family laugh at me for paying cash everywhere I go. They tell me that I’m “missing out” on all the “rewards” with these companies. I’m missing out on shitty customer service? I’m missing out on worrying about whether or not my payment went through on time? I ditched credit cards 10 years ago, and I have no regrets. I still don’t understand why people think they’re a necessity.
Makes things like the Cyprus ‘bail-in’ and negative interest rates MUCH easier.
Your money won’t be your own. The Communist dream of any money you keep being an ‘expense’ to the State and accessible by it, will finally come true.