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Sweden moving towards cashless economy
CBSNEWS.com/AP ^ | March 18, 2012 5:09 PM | AP

Posted on 03/19/2012 2:47:16 PM PDT by Mad Dawgg

(AP) STOCKHOLM - Sweden was the first European country to introduce bank notes in 1661. Now it's come farther than most on the path toward getting rid of them.

"I can't see why we should be printing bank notes at all anymore," says Bjoern Ulvaeus, former member of 1970's pop group ABBA, and a vocal proponent for a world without cash.

The contours of such a society are starting to take shape in this high-tech nation, frustrating those who prefer coins and bills over digital money.

In most Swedish cities, public buses don't accept cash; tickets are prepaid or purchased with a cell phone text message. A small but growing number of businesses only take cards, and some bank offices — which make money on electronic transactions — have stopped handling cash altogether

(Excerpt) Read more at cbsnews.com ...


TOPICS: Foreign Affairs; Government; News/Current Events
KEYWORDS: bible; cashless; electronic; prophecy; sweden
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To: Mad Dawgg

The mark...The number of a man...666

and nobody can buy or sell without that mark on their forehead or their right hand...

Revelation 13:16-18


21 posted on 03/19/2012 3:36:02 PM PDT by Tennessee Nana (Why should I vote for Bishop Romney when he hates me because I am a Christian)
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To: sinsofsolarempirefan
"I can see private mints issuing bars and medallions doing a roaring trade if a serious transition towards ‘all-digital’ money is made..."

Well they guy who made Silver Liberty coins got arrested. Seems the FedGov wanted no part of someone making "Barter Coins"

22 posted on 03/19/2012 3:38:59 PM PDT by Mad Dawgg (If you're going to deny my 1st Amendment rights then I must proceed to the 2nd one...)
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To: Mad Dawgg

Its about collecting taxes.


23 posted on 03/19/2012 3:58:49 PM PDT by Husker24
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To: Mad Dawgg

Ironic that they got the guy from ABBA schilling for this, when, back in the 70’s, ABBA demanded payments in gold bullion.


24 posted on 03/19/2012 4:00:05 PM PDT by Boogieman
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To: Mad Dawgg
Sweden moving towards cashless economy

So is the USA.

People here are dead-broke, thanks to Obamunism.


25 posted on 03/19/2012 4:11:14 PM PDT by Iron Munro (If Repubs paid as much attention to Rush as the Dem's do, we wouldn't be in this mess)
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To: Mad Dawgg
How does one conduct a yard sale within a cashless society?

Louisiana Makes It Illegal To Use Cash For Secondhand Sales

A secondhand dealer shall not enter into any cash transactions in payment for the purchase of junk or used or secondhand property. Payment shall be made in the form of check, electronic transfers, or money order issued to the seller of the junk or used or secondhand property and made payable to the name and address of the seller. All payments made by check, electronic transfers, or money order shall be reported separately in the daily reports required by R.S. 37:1866.
Law Bans Cash for Second Hand Transactions
(Free Republic Thread)


26 posted on 03/19/2012 4:23:09 PM PDT by Iron Munro (If Repubs paid as much attention to Rush as the Dem's do, we wouldn't be in this mess)
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To: Mad Dawgg
Convenient but dangerous.
What happens during a power out, computer or network down or a disaster? You have no way to pay for anything.
And it's way too easy for a sinister government to track or freeze all or selected transactions.

27 posted on 03/19/2012 4:23:16 PM PDT by BitWielder1 (Corporate Profits are better than Government Waste)
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To: Mad Dawgg

Credit card strips can be reprogrammed on the fly, whether a phone card type voucher or what have you…one second you had cash to access, the next minute you don’t. Great tools for tracking and compliance.

If things get desperate, you can always jimmy door locks with the worthless card -which is one plus.


28 posted on 03/19/2012 4:34:38 PM PDT by Fitzy_888 ("ownership society")
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To: Mad Dawgg

The digital underground? Is that a band? if not it should be.


29 posted on 03/19/2012 4:35:15 PM PDT by Leep (Dueling tag lines=don't worry,you'll be a vegetable guy soon<>It's gonna be a Newt day!)
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To: Mad Dawgg

The digital underground? Is that a band? if not it should be.


30 posted on 03/19/2012 4:35:18 PM PDT by Leep (Dueling tag lines=don't worry,you'll be a vegetable guy soon<>It's gonna be a Newt day!)
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To: EEGator

Pics or lock the thread


31 posted on 03/19/2012 4:39:00 PM PDT by School of Rational Thought (Fun for women ages 21 through 35)
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To: Iron Munro

Do you really think that people are going to report these transactions? I can get, in my State, 10-15% for cash for most things out side of the Stores.


32 posted on 03/19/2012 4:41:33 PM PDT by Little Bill (Sorry)
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To: School of Rational Thought

33 posted on 03/19/2012 4:59:50 PM PDT by EEGator
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To: Leep

Dude, The Humpty Dance is by them.


34 posted on 03/19/2012 5:01:33 PM PDT by EEGator
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To: School of Rational Thought
This one will be my wife though:
35 posted on 03/19/2012 5:09:44 PM PDT by EEGator
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To: EEGator

Wow, you lucky dog, better have your heart checked out, she’s a keeper ...


36 posted on 03/19/2012 5:11:43 PM PDT by Scythian
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To: Scythian

It would be the best way to die...ever!


37 posted on 03/19/2012 5:13:53 PM PDT by EEGator
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To: Mad Dawgg
Sweden: a small socialist nation whose actions should never be emulated by the US, and whose sole contributions to Western Civilization are Anita Ekberg and the Swedish Bikini Team.
38 posted on 03/19/2012 5:38:07 PM PDT by GenXteacher (He that hath no stomach for this fight, let him depart!)
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To: Mad Dawgg

ha! Maybe the politicians would like this but everyone who has lived in Sweden knows there are two prices. Black or white. Black prices are cash only and considerably cheaper.


39 posted on 03/19/2012 5:40:15 PM PDT by riri (Plannedopolis-look it up. It's how the elites plan for US to live.)
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To: EEGator

It is thoughtful to marks with Xs, my vision is not so good these days.


40 posted on 03/19/2012 6:17:34 PM PDT by School of Rational Thought (Fun for women ages 21 through 35)
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