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2017 predictions
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emordnilap



Joined: 05 Sep 2007
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Location: Houǝsʇlʎ' ᴉʇ,s ɹǝɐllʎ uoʇ ʍoɹʇɥ ʇɥǝ ǝɟɟoɹʇ' pou,ʇ ǝʌǝu qoʇɥǝɹ˙

PostPosted: Fri Jul 28, 2017 11:31 am    Post subject: Reply with quote

in one 2017 prediction, I wrote:
And more financialisation: India is having a huge push to get people off cash and into using banks.


Visa now bribing* small food outlets to go cashless in the states:

Quote:
(July 12, 2017) Visa will be awarding up to $500,000 to 50 eligible US-based small business food service owners who commit to joining the 100% cashless quest.


Power cuts, heh heh.

Source

*not in cash though, obviously. Wink


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"Buddhists say we come back as animals and they refer to them as lesser beings. Well, animals aren’t lesser beings, they’re just like us. So I say fụck the Buddhists" - Bjork


Last edited by emordnilap on Tue Aug 01, 2017 1:10 pm; edited 1 time in total
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woodburner



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PostPosted: Fri Jul 28, 2017 9:35 pm    Post subject: Reply with quote

I wonder if wanting to be cashless indicates the propensity for people to more easily carry out fraud?
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emordnilap



Joined: 05 Sep 2007
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Location: Houǝsʇlʎ' ᴉʇ,s ɹǝɐllʎ uoʇ ʍoɹʇɥ ʇɥǝ ǝɟɟoɹʇ' pou,ʇ ǝʌǝu qoʇɥǝɹ˙

PostPosted: Tue Aug 01, 2017 10:26 am    Post subject: Reply with quote

Banks would love to go cashless in order to dump staff and get their hands on 100% of peoples' money all of the time.

They should be careful what they wish for, for a couple of obvious reasons.

In the case of power disruptions, people will go back to cash.

They'll lose out big time on the drugs trade.
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"Buddhists say we come back as animals and they refer to them as lesser beings. Well, animals aren’t lesser beings, they’re just like us. So I say fụck the Buddhists" - Bjork
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kenneal - lagger
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Joined: 20 Sep 2006
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PostPosted: Tue Aug 01, 2017 11:09 am    Post subject: Reply with quote

It's the government who would love everyone to go cashless as they would have complete control over us and could tax us all automatically to what ever extent they wanted. Moneyweek and Capital and Conflict have been warning against this for a couple of years and advocating that we all buy Bitcoin to hedge against the upcoming crash.

Forgive me if I'm wrong, but surely if there was a massive crash Bitcoin would be worthless as it would be very difficult to go out and buy the essentials like food with it. I see Bitcoin as part of the financial bubble; something which will evaporate in the catastrophic times ahead.
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adam2
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PostPosted: Tue Aug 01, 2017 11:19 am    Post subject: Reply with quote

The main merit of bitcoin is that the government cant print more of it. Possibly useful if sterling devalued or inflated away.
But as you point out no good for a hard crash as it is reliant on the continuing availability of electricity and internet service.
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kenneal - lagger
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PostPosted: Tue Aug 01, 2017 12:56 pm    Post subject: Reply with quote

Just a thought on importing images. Can you import them through a site like Tinypic.com where you can set the size at Bulletin Board sizing so that the page width doesn't increase. It's a bit annoying to have to scroll across the rest of the posts to read them when it's so easy to set the image to the correct size.
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"When the last tree is cut down, and the last river has been poisoned, and the last fish has been caught, Only then will you find out that you cannot eat money". --The Cree Indians
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emordnilap



Joined: 05 Sep 2007
Posts: 13958
Location: Houǝsʇlʎ' ᴉʇ,s ɹǝɐllʎ uoʇ ʍoɹʇɥ ʇɥǝ ǝɟɟoɹʇ' pou,ʇ ǝʌǝu qoʇɥǝɹ˙

PostPosted: Tue Aug 01, 2017 1:05 pm    Post subject: Reply with quote

kenneal - lagger wrote:
Just a thought on importing images. Can you import them through a site like Tinypic.com where you can set the size at Bulletin Board sizing so that the page width doesn't increase. It's a bit annoying to have to scroll across the rest of the posts to read them when it's so easy to set the image to the correct size.


Sorry. I'd forgotten about the tinypic option.
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"Buddhists say we come back as animals and they refer to them as lesser beings. Well, animals aren’t lesser beings, they’re just like us. So I say fụck the Buddhists" - Bjork
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emordnilap



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Location: Houǝsʇlʎ' ᴉʇ,s ɹǝɐllʎ uoʇ ʍoɹʇɥ ʇɥǝ ǝɟɟoɹʇ' pou,ʇ ǝʌǝu qoʇɥǝɹ˙

PostPosted: Tue Aug 22, 2017 12:43 pm    Post subject: Reply with quote

It's working. People really do believe plastic is better.

Quote:
The figures illustrate a growing trend for card payments instead of cash and cheques, buoyed by contactless technology. They also underscore an alarming rate of growth for borrowing at a time when consumers are squeezed by rising inflation and a slower pace of wage growth.

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"Buddhists say we come back as animals and they refer to them as lesser beings. Well, animals aren’t lesser beings, they’re just like us. So I say fụck the Buddhists" - Bjork
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Little John



Joined: 08 Mar 2008
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PostPosted: Tue Aug 22, 2017 12:54 pm    Post subject: Reply with quote

If everyone goes plastic and nothing goes wrong, people will accept it because they have enough shit going on their lives to worry about it. But, if things go wrong and the banking system breaks down, along with plastic money, then all hell will break loose and ad-hoc alternative physical units of exchange will pop up all over the place.

Indeed, in some parts of the country, where ducking and diving is the inescapable norm if one wants to get by, a lot of places only accept cash. If everything goes plastic, even if nothing goes wrong, these places will be at the vanguard of those alternatives.
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emordnilap



Joined: 05 Sep 2007
Posts: 13958
Location: Houǝsʇlʎ' ᴉʇ,s ɹǝɐllʎ uoʇ ʍoɹʇɥ ʇɥǝ ǝɟɟoɹʇ' pou,ʇ ǝʌǝu qoʇɥǝɹ˙

PostPosted: Tue Aug 22, 2017 2:19 pm    Post subject: Reply with quote

That pretty much sums it up, LJ.

It'll be very interesting to watch the places that only accept cash, once cash is completely removed.

Getting rid of cash is the ultimate in milking every last asset from Josephine Soap; she will effectively have no money, only credit. It's a war that's been waged for a long time; the 1% have almost won.
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"Buddhists say we come back as animals and they refer to them as lesser beings. Well, animals aren’t lesser beings, they’re just like us. So I say fụck the Buddhists" - Bjork
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Little John



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PostPosted: Tue Aug 22, 2017 3:35 pm    Post subject: Reply with quote

An obvious one would be a local currency backed by physical gold. Ironically, payments could even be cashless in the sense of a mobile app where people make a payment to someone on a database that is shared by all of the participants in the local currency. Thus, everyone's accounts are updated in real time on that database.
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emordnilap



Joined: 05 Sep 2007
Posts: 13958
Location: Houǝsʇlʎ' ᴉʇ,s ɹǝɐllʎ uoʇ ʍoɹʇɥ ʇɥǝ ǝɟɟoɹʇ' pou,ʇ ǝʌǝu qoʇɥǝɹ˙

PostPosted: Thu Aug 24, 2017 12:27 pm    Post subject: Reply with quote

Once again, socialism for the rich, capitalism for the poor.

Quote:
The shift from cash towards digital transactions is being spearheaded by Bill Gates and US financial corporations who will profit from the mark up on digital payments.


Quote:
Bill Gates has the backing of some heavy hitters: the big banks and likes of PayPal, Citi, Visa and Mastercard all smell huge profits in this.


Quote:
Washington and its unelected oligarchs like Bill Gates regard ‘development’ as a way to further US interests globally


Source
_________________
"Buddhists say we come back as animals and they refer to them as lesser beings. Well, animals aren’t lesser beings, they’re just like us. So I say fụck the Buddhists" - Bjork
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