To fight deflation, abolish cash. Could Japan make reality of ‘science fiction’?

bluey890

tomterm8 wrote: »

I hope it never happens. Cash is a great way to avoid Mr Evil Taxman.

I thought you'd have learned how to hack into your accout and increase your bank balance by now. What sort of software engineer are you?

1echidna

tomterm8 wrote: »

I hope it never happens. Cash is a great way to avoid Mr Evil Taxman.

And the flight to cash is a deterant to the gov't ever introducing negative interest rates

tomterm8

bluey890 wrote: »

I thought you'd have learned how to hack into your accout and increase your bank balance by now. What sort of software engineer are you?

I never said I was a good software engineer, did I?:rotfl::rotfl::rotfl:

mewbie_2

bluey890 wrote: »

I thought you'd have learned how to hack into your accout and increase your bank balance by now. What sort of software engineer are you?

I think the idea is to hack into someone else's account. After all I can access my Coop Divi Saver using a password, but it doesn't really make me any richer.

ceridwen

Am I missing something somewhere? - but I cant follow the "logic" behind this idea - but then I couldnt follow the "logic" behind bailing out the Banks either (and look what happened there.....:rolleyes:).

Sounds like an excuse for Japan to do the abolition of cash for some other reason (which they dont propose to tell us.....hmmmmm:rolleyes:). Goes off wondering what the REAL reason behind this idea is....shades of David Icke....you know he may have a few "odd ideas" (okays - quite a few possibly....maybe.....depends...) - but the abolition of cash was amongst the forecasts he made a few years back - real reason, as I recall, being so that the Powers That Be could monitor our spending exactly....and one assumes cut our access to our money if they wanted to......

Cant say I'd fancy arguing with my bank that "yes I really DO have X pounds in my account" if, through inefficiency or otherwise, they were busy denying that I did....

PasturesNew

I'm struggling with the w hole banking/spending systems at the moment... having lost my debit card I am now stuck for the foreseeable future (maybe a week) with a cheque book and cheque card... and most places won't take them. I am having to pay cash everywhere and I didn't take that much out to start with and I can't get to a bank easily when they're open to get more. At least they take their own cheques!

Patchwork_Quilt

Has anybody read The Handmaid's Tale by Margaret Attwood?

Having no cash at all leaves you very vulnerable.

PasturesNew

lostinrates wrote: »

DH banked a three figure number of coppers recently: I was horrified. However, I went round the world on 20p coins.

... who gave you 20p?
... all of them.

amcluesent

I'm thinking within a few years, something like PayPal 'credits' will be a widely used currency which will have an exchange rate against the government issue fiat currencies.

1echidna

amcluesent wrote: »

I'm thinking within a few years, something like PayPal 'credits' will be a widely used currency which will have an exchange rate against the government issue fiat currencies.

Except I guess the gov't would have the power to make it illegal.