Preparedness for when

mardatha

Personally speaking just for me, I don't care why they want us to have a cashless society but I do know that I'm not buying into it. If their fancy wee machines die on them what happens then?.... a sensible prepper walks past them all and calmly pays for her shopping using a nice old fashioned thing called money.

Frugalsod

thriftwizard wrote: »

Frugalsod, making us more controllable might not be a cause of turning us cashless, but it certainly would be an effect! No credit, no overdraft, nothing left in the bank with a week to go until payday, no possibility of doing a car boot sale, say, to tide you over = no food for your kids, no bills paid.

I do see the potential for things to be seriously abused by governments, but at this stage I do not think that is what is being planned. They simply want the scope to use negative interest rates as part of their failing monetary policy. If we had cash we could simply withdraw all the cash we could and wait for the end of the negative interest rate policy. Hence the demands to ban cash.

The fact that negative interest rates will not work is irrelevant. They are doing everything they can to stop asset prices falling as this will expose the banking system as the naked emperor. This has been the entire basis of QE. They might spin it as trying to stimulate the economy but if it does not reach the people it will not work.

There will be plenty of reasons it will fail such as they are trying to solve the wrong problem. They fear deflation and asset deflation in particular because it means according to their methodology that people anticipate falling prices so will hold off buying until prices are lower. This completely ignores the fact that most people are living from pay cheque to pay cheque and with the basics so expensive they do not have the surplus to spend. You can see evidence of this in slumping supermarket sales over the last few years. The only question we need to concern ourselves with at what level of negative interest rates will they admit that they are wrong?

Though in the future at some point a government will probably resort to the more evil aspects of a cash less society as a form of population control. Either way cashless is not going to be acceptable when things are volatile.

thriftwizard

On another but not unrelated tack - did anyone see the Horizon about creativity? A lovely bunch of slightly-nutty & inventive scientists working on what creativity actually is, and how it can be enhanced. Sadly the paranoid in me can't help thinking, if you can enhance it, you can also work out how to suppress it... and a population whose creativity has been suppressed would be putty in the hands of the advertisers and economic puppet-masters.

ALIBOBSY

mardatha wrote: »

Personally speaking just for me, I don't care why they want us to have a cashless society but I do know that I'm not buying into it. If their fancy wee machines die on them what happens then?.... a sensible prepper walks past them all and calmly pays for her shopping using a nice old fashioned thing called money.

My mum was in one of the big stores, tesco I think a couple of years ago when they had a problem with the tills. They said if anyone had cash they could come to an agreement of a guestimate of the total in the trolley and pay in cash. Mum actually knew to the penny how much it was but when the girl behind the counter glanced in and say how about £20 she grabbed a bargain and took it-was actually closer to £40 lol. Others who only had cards were told they couldn't get their shopping at all or to go to the cash points and come back.

Ali x

ALIBOBSY

fuddle wrote: »

My issue is that I would like to learn as much as I can in order to make up my own mind but I feel in order to do that I need to know who is noting, what are the facts and are the facts actual facts or an interpretation, how much is opinion or who sponsors the website etc etc.

So many seemingly excellent posts on here I have to just take with a pinch of salt because they are written as fact but I don't have any further information to go investigate myself. It is frustrating.

I reckon all of us would say part and parcel of being a "prepper" is to question everything, even stuff posted on threads and boards like this. I think the one thing we can all agree on is there are those either rich or in power or both who control the vast majority of the world with no thought for how things effect ordinary people, just so long as they keep their affluent priviledged lifestyle.

Ali x

[Deleted User]

Unless you actually 'KNOW' something is true don't you question it's validity before jumping on to the bandwagon? I know I certainly do. I don't take anything at face value no matter how small or how big until I've checked up and verified the facts for myself. I certainly don't believe anything I read in the press or hear from the media, If it worries me as a prospect I read around and find out as much as I can about it and then make up my 'own' mind as to the degree of truth the original report contains, to do otherwise is to live a life of worry and be frightened of everything. Trouble finds you soon enough, don't borrow more than you need to!!!

boultdj

MrsLurcherwalker wrote: »

Unless you actually 'KNOW' something is true don't you question it's validity before jumping on to the bandwagon? I know I certainly do. I don't take anything at face value no matter how small or how big until I've checked up and verified the facts for myself. I certainly don't believe anything I read in the press or hear from the media, If it worries me as a prospect I read around and find out as much as I can about it and then make up my 'own' mind as to the degree of truth the original report contains, to do otherwise is to live a life of worry and be frightened of everything. Trouble finds you soon enough, don't borrow more than you need to!!!

Same here, but I grew up with being told 'belive none of what you hear, and only half of what you see'.

ivyleaf

I was interested in your comment about no boot sales in a cashless society thriftwizard. I hadn't thought of that! And likewise no garden fetes, "church Christmas fayres", etc!

[Deleted User]

Also no roadside stalls selling your surplus veg or eggs from your hens, we'll just have to draw up a barter goods value list.......how much rhubarb is an elephant worth?

COOLTRIKERCHICK

ivyleaf wrote: »

I was interested in your comment about no boot sales in a cashless society thriftwizard. I hadn't thought of that! And likewise no garden fetes, "church Christmas fayres", etc!

And this prob what governments want they can't see or prove cash sales, as there is no paper/ electronic trail..

No only that pocket money for kids?? How many times did you parents or grandparents friends, relatives give you money to buy some sweets etc