[Mad Dawgg]

Interesting. Real Hard to have an underground economy if all transactions are digital.

[Red Badger]

Beat me to it by this -> <- much!..............

[EEGator]

I can’t wait to hack them for a million euros. Then I’ll marry some hot, tall blonde and live happily ever after.

[Cementjungle]

I wonder if people will be required to carry a photo ID... and do they need an id to vote?

[sinsofsolarempirefan]

Not really, people could just purchase small physical commodities to use as a medium of exchange instead (which is how the concept of money began in the first place). No economy will ever go 100% digital precisely because not everyone will want every transaction to be recorded...

[Captain Beyond]

bflr

[ArmstedFragg]

Yeah, but in their case it’ll be because they choose not to use it. In ours, it’ll be because we don’t have it.

[Tennessee Nana]

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

[Husker24]

Its about collecting taxes.

[Boogieman]

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

[Iron Munro]

Sweden moving towards cashless economy

So is the USA.

People here are dead-broke, thanks to Obamunism.

[BitWielder1]

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.

[Fitzy_888]

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.

[Leep]

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

[Leep]

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

[GenXteacher]

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.

[riri]

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.

[DarkWaters]

Real hard to have an economy if the government isn't being prudent on how it treats its money be it paper or digital. The latter is much easier to debase, ie the computer while the other is more time consuming and frankly more expensive. This step by Sweden will make it that much harder on the population when the inevitable government debt becomes a noose around the citizens neck. Of course it will make it that much easier on the government there to steal even more from their people until very little is left which I assume is the point of going cashless in the first place.

[LibertyLA]

I just saw the article.

Funny it’s an AP article and can’t find who wrote it.... yet.

Seems like a trial balloon. A cashless society would not be a free society. Being able to electronically zap away your money would be a major threat, and leverage to make you submit to any political system - imagine Hitler or Stalin having the ability to strip you of your assets with a keystroke.

Saw this comment on the CBS site:

“Guys. I live in Sweden, and this is totally bogus. The article is a PERFECT example of how you create a trend in the media by picking only the details you like. Bjorn Ulvaeus says something, and you pick up on that. A church installs a credit-card reader, and you pick up on that. Etc.

I have NEVER seen a church accept credit cards. This must be the only one. But you don’t see the journalist write about the many thousands of other churches. And he doesn’t write about the tens of thousands of businesses that accept cash.

You see only a few small details. And since that’s all you see, and Sweden is far away, you think they show the reality. But here in Sweden, I have never in my life heard of “Sweden moving toward cashless economy.” Ridiculous. Of course we will keep using cash.”

God help us - but this is the one world govt rearing its head.

[Glenn]

I had to cancel my debit card (long story) and the nine days until the replacement arrived were a PITA. I use it for most everything including paying monthly bills.

Digital money worked well until that point.

The first thing I did was withdraw money to stick in a coffee can in case it should happen again.