Posted on 02/10/2016 10:14:30 PM PST by abigkahuna
One of the most surprising comments this year came from a closed session on fintech where I sat next to someone in policy circles who argued that we should move quickly to a cashless economy so that we could introduce negative rates well below 1% – as they were concerned that Larry Summers' secular stagnation was indeed playing out and we would be stuck with negative rates for a decade in Europe. They felt below (1.5)% depositors would start to hoard notes, leading to yet further complexities for monetary policy.
(Excerpt) Read more at zerohedge.com ...
Good post, I concur strongly. I was trying to figure out if people were somehow on the wrong thread.
Your comments on some of the consequences of trying to go cashless are spot on.
No Spirit No Liberty - Two Corinthians
FReegards
“And Christians don’t trade on the name of Christ to get votes.”
Thank you.
I’ve become convinced Cruz has become Elmer Gantry.
I don’t think he knows who he is anymore.
And I’m a Christian, so no anti-Christian bigotry here, thank you very much.
Agree. I wish there was another way.
The snowball is rolling down the hill, getting bigger by the moment.
What are you doing here on Free Republic. You sound like a Bernie supporter.
Jim? Calling Jim Robinson.
I realize that. I'm a Christian myself. I do, however, have the ability to talk about many topics without throwing Bible verses at people.
I also realize that after 19 years on Free Republic, that there really are weird people on this forum, just like everywhere in the world.
This thread started off about interest rates, and devolved into a weird back-and-forth about Bible stuff.
I've seen many threads over the years hijacked by the scripture kooks.
If the Feds do away with cash, another medium of exchange will be found. The old axiom, “ bad money drives out good money still holds true”.
The preferred skill is the ability to associate an appropriate verse from His Word with any event in life. That skill is then profitable when used to justify one's position with other people. Some people might not like that, but than again, some people can't handle the Truth.
So, I have been reading several of the threads and you post the same thing on each thread. Sounds like you might be a nutter yourself.
what do we do?
my friends, do not count on other freepers or conservatives or patriots to do the right thing...they'll let egos and arrogance and pettiness direct them....
>>> Anyone pushing for a cashless society just shows how out of touch they are with the reality for many at the lower end of the economic spectrum in this country. The idea that the many people without bank accounts are suddenly going to be able to handle a cashless system is ludicrous.
That may be true for the honest, working poor. But the decreased mobility that would cause has no effect on TPTB because they’ve ensured they can still get theirs. All the burden falls to the little guy no matter what. For the holdouts who’ve been resisting so far - welcome to Big Daddy Government, just sign on the dotted line & we’ll take care of your every need, hey comrade?
The trick is to already be into a shady industry such as a coyote, drug dealer, gun runner, child pornographer... or politician... because you’ll have an automatic in.
FReepers tend to be “one issue” voters.
The cashless society is a pipe dream; here in NJ the only economic “growth” is the underground economy (and it isn’t real growth because it is replacing the former legitimate economy). We have a nice weekly flea market in the NJ Meadowlands (next to Giants Stadium), where people spending solely cash buy food, household items, etc. - and it is located next to a giant mall that was completed years ago but never opened. Unemployed Americans sell their tools to the illegals that took their jobs, and nobody has ever charged me sales tax on items I’ve bought.
A shrinking, not growing, segment of the population of the population is going “cashless”.
I’m not trying to be mean, but do you think God will be “sitting and listening”? As you “defend” yourself in a “room”? Does he have “ears”?
I suspect God might be, well I really can’t imagine what “God” is. Would God even have a “size” or form? God being the infinite, the beginning and everything else may not be some old man with shoulder length gray hair and a beard but something so infinitely more than we could imagine.
I think the price of gold, the organization of a small area of dirt in relation to the universe or even if a touchdown is made are of no “concern” to God the creator of the our universe.
Looks like you voted for Zot instead!
Did you not call yourself a Christian in a previous post? Everything we do matters to God because He paid the price for our actions.
Revelation 20:11-15 King James Version (KJV)
11 And I saw a great white throne, and him that sat on it, from whose face the earth and the heaven fled away; and there was found no place for them.
12 And I saw the dead, small and great, stand before God; and the books were opened: and another book was opened, which is the book of life: and the dead were judged out of those things which were written in the books, according to their works.
“Cruz is a nutter. I don’t want his finger anywhere near the nuclear button. God might tell him to push it.”
You said that about Reagan, too.
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