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spitfire
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spitfire is offline
Warwickshire
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28-10-2020, 08:36 AM
121

Re: Abolition of Cash

Originally Posted by Bruce ->
You obviously don't get out much. When a vehicle breaks down it can disrupt traffic, causes tailbacks and blocked roads for kilometres all around, leading to grid lock and can affects thousands.

The Internet was designed to be war/bomb/civil upheaval proof, that was its original reason for being during the cold war when the US in particular was concerned that the USSR could damage the west's communications systems. Any disruption can be isolated because it is a vast network of alternate routes unlike the road system.
As long as all roads still lead to Rome, nothing has fundamentally changed.
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OldGreyFox
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OldGreyFox is offline
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28-10-2020, 10:59 AM
122

Re: Abolition of Cash

Originally Posted by Donkeyman ->
Once there is no cash, the banks have complete control of what
used to be "your money" !!
They allready control the credit side finance, even governments
have to borrow the money they need from the banks??
You are the ones that have to pay for this borrowing !!
All banks are privately owned,either individually or by consortiums
of allready rich individuals , and these are often linked intrnationally
which means that banking is in fact one very powerful entity that
makes its own rules and systems
You will no longer be able to keep an emergency stock of cash on
hand as that cash is going to be scrapped and you wont be able to
spend it?
I believe the banks aim is to get every person on the planet into
debt? They have almost completed this task allready and l can
see the day when children are issued with a credit card at birth
with a pre-determined credit rating to get them started and from
then on they become slaves of credit??
Why are they doing this?
Because the only way to make money multiply is to lend it to
someone else, who pays for the priviledge?this up to now has been
a voluntary arrangement, but soon it will be enforced by the system ?
Think about it ! we are almost there imo??

Donkeyman! 😟😟😟
Good Post Donkeyman....

And This........
Donkeyman
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28-10-2020, 12:04 PM
123

Re: Abolition of Cash

Originally Posted by OldGreyFox ->
Good Post Donkeyman....

And This........
At least he was "honest" OGF?
And blatant as well!!
It confirms my opinions on the world monetary system !!
That univesal credit aa la credit cards will be the big stick that will
be used to force you out of bed every morning instead of relying
on starvation? We will become the slaves of our wants as
opposed to our needs??
We are halfway there already, witness all the grounded aircraft
lying unused all over the world due to a flu epidemic!
People are allready flying again despite the risks of spreading
contagion to all and sundry?
Its as if they are compelled to have four holidays each year??
Availability of credit is the driving force !!

Donkeyman! 😟😟
Donkeyman
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28-10-2020, 12:52 PM
124

Re: Abolition of Cash

Just been announced! HSBC is ending free banking!!
Just another step in the banking systems long term aims to
make maximum profit from prcessing what passes for money
these days?
So now, instead of the banks enticing your money out of your
pocket and into their vaults by offering you a small interest
payment, They are now going to charge you a fee for the honour
of it just laying there doing nothing? Why would we do this?
It may as well lay under our mattress ??
Hence the drive to remove cash from the system ??
We wont be able to keep our credit balance under the mattress !!
Once we are hooked, if we become restless about how things are
going, all they have to do is to switch off our cards !!
This has happened allready in Greece at the beginning of the greek
financial crisis, when citizens were unable to access their funds !!
Combined with the huge reductions in bank staff over the last few
years, this means that the large profits banks make will now be
shared amongst vastly fewer people !!!
We need to lobby for a return to cash as a matter of urgency before
It becomes fait accompli !!

Donkeyman! 😟😟😟
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Cinderella
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East Anglia, UK
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28-10-2020, 03:52 PM
125

Re: Abolition of Cash

https://www.moneysavingexpert.com/ne...hreat-letters/


The Government's now announced it will change rules in the Consumer Credit Act 1974 – which requires lenders to send these letters – to make the letters more supportive and less intimidating. New legislation, which is expected to come into force in December 2020, will require legal language to be explained in plain English, stop the use of threatening capital letters and require firms to signpost borrowers to free debt advice.

At the moment, these "default notices" are sent to people struggling with many different types of debt, including overdrafts and payday loans.

Much of the content of the letters hasn't been updated in nearly 40 years, and often contains outdated advice to those in problem debt – such as telling people to consult a solicitor or Trading Standards board, when it would be more appropriate to signpost people to support such as free debt advice. And the way they're formatted – with blocks of capitalised text containing threatening and confusing language – can be extremely intimidating.
I'm all right Jack attitude is contemptible.
swimfeeders
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28-10-2020, 04:18 PM
126

Re: Abolition of Cash

Hi

The end of free banking is in sight.

Interest Rates are so low banks are losing money.

The Bank of England is moving towards negative Interest Rates.

It is an inevitable consequence of the vast amounts of money borrowed to pay for the Pandemic.
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Cinderella
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28-10-2020, 05:10 PM
127

Re: Abolition of Cash

https://www.forbes.com/sites/steveca.../#16a2d66a6097

This is one reason banks like HSBC are investing in customer engagement solutions like Pepper, the humanoid robot that offers visitors a charming, charismatic, and fast alternative to waiting in line for a teller. Pepper can help customers address basic needs, without having to wait for staff support, and can free up staff to focus on better customer experiences. Not only has Pepper helped HSBC improve employee morale, but within the first five months of adopting Pepper, HSBC saw YoY growth of 44 percent.
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Emjay
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28-10-2020, 06:17 PM
128

Re: Abolition of Cash

I wonder is it time to buy gold and diamonds with spare cash?
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Cinderella
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28-10-2020, 06:54 PM
129

Re: Abolition of Cash

From a younger perspective.

https://econsultancy.com/millennials...iences-mobile/
Donkeyman
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30-10-2020, 11:22 AM
130

Re: Abolition of Cash

Instead of the robot Cinders, why dont they put a dedicated human
being on the job??
What have they got against people ??

Donkeyman! 👎👎
 
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