High-tech Sweden edges closer to becoming cashless society

Not many people carry physical cash on themselves anymore. In my experience about 80% of all transactions are debit/credit card based.

after cashless...then comes classless..then faceless
just sayin

reply to post by aboveGoos


See, that is why I don't use banks and plastic anymore. Too much damn fees.... Now on top of all the fees, you have to pay a third party to exchange currency. No thanks.

With only digital credits being available to you, you will be at the total mercy of the government and corporations.
Just ONE step out of line, and they will stop your credits !! you may no longer be a part of society, you may no longer buy nor sell. No food, no job and no life.

reply to post by drock905


exactly.....and this is why it won't such the big fuss that others are making it to be.

Originally posted by CB6699

High-tech Sweden edges closer to becoming cashless society

www.canadianbusiness.com

“STOCKHOLM - Sweden was the first European country to introduce bank notes in 1661. Now it's come farther than most on the path toward getting rid of them.
"I can't see why we should be printing bank notes at all anymore," says Bjoern Ulvaeus, former member of 1970's pop group ABBA, and a vocal proponent for a world without cash.
The contours of such a society are starting to take shape in this high-tech nation, frustrating those who prefer coins and bills over digital money.
In most Swedish cities, public buses don't accept cash; tickets are prepaid or purchased with a cellphone te

(visit the link for the full news article)

I've been saying for years that this is part of the NWO plan -- cash is more difficult to track. Every purchase instantly recorded & traceable in a cashless society -- no privacy.

Also "outcast slaves" who are no longer approved -- cannot survive easily within the NWO society. They are pushed outside the boundaries -- into even more dangerous areas controlled by outlaw gangs. Some Utopian future....

And there are people naive enough to promote a "One World Federation" -- talk about being sold a bill of goods.

This system will cost the consumers more. Especially with the “phone swipe” transactions. Not everyone has those types of phones or data packages, and would be forced to purchase them. What if little Jimmy needs to pay his Boy Scout dues? What about school fundraisers, bake sales, those tulip bulbs and the Teriyaki jerky sticks???? Girl Scout cookies, aaarrrrrgggghhh! What about your kids weekly allowance? Salvation army bell ringer donations? Can't even give a drunk on the street corner a buck or two. I can see all sorts of problems. What about while you’re visiting in Quintana Roo and want to pay a guide for a day trip? Look at all the bank card fraud already. Now you are forced to give even more people/entities your bank card information. The more technological our money becomes, the easier it is to steal and that’s a fact. I think ID theft alone is responsible for over 50 BILLION dollars a year. And it's is all done "electronically".

this thread here (www.abovetopsecret.com... ) the banning of cash for second hand items in Louisiana.

reply to post by CB6699


There is no transaction fee here in Sweden as far as I know, I'm still opposed to the idea though.

reply to post by tauristercus


Yep - and 2 years earlier in NZ - Cash is no longer king from 2009 -

The report found electronic funds transfer (Eftpos) had displaced cash as the most common method used to pay for things such as groceries, power bills and mortgage. The number using Eftpos in the latest survey (83 per cent) is the same as in 2005, but the number using cash dropped from 84 per cent to 77 per cent. There have also been declines in all other methods of payment except internet banking, where users have increased from 34 per cent of adults in 2005 to 47 per cent.

I got paid for something by a cheque in NZ recently - it was damned awkward having to fine a bank to bank it!!

reply to post by drock905


the article i read talks about the low class thief yet fails to mention the big boys on top,how would it affect them? there is dishonest people up there,yet, no vews on that aspect,just hackers and low life thief.as russo said it they want to be able to turn the chip off and screw you if you dont comply.is the world ready for that? to many dishonest people at the top,in my opinion.

screw digital money, I want to use gold money instead of paper.

this has everything to do with eliminating underground economies
and keeping bankers in Hooker Money

Originally posted by elpistolero1
screw digital money, I want to use gold money instead of paper.

Paper money is so 20th century

Originally posted by TheComte
With what will they fill the brown envelopes when it comes time to bribe some public official?

You can't put an electronic payment in an envelope. There will always be cash.

They covered that in the article:

Oscar Swartz, the founder of Sweden's first Internet provider, Banhof, says a digital economy also raises privacy issues because of the electronic trail of transactions. He supports the idea of phasing out cash, but says other anonymous payment methods need to be introduced instead.

And the biggest irony:

The number of bank robberies in Sweden plunged from 110 in 2008 to 16 in 2011 — the lowest level since it started keeping records 30 years ago. It says robberies of security transports are also down

aaaand then we have:

The flip side is the risk of cybercrimes. According to the Swedish National Council for Crime Prevention the number of computerized fraud cases, including skimming, surged to nearly 20,000 in 2011 from 3,304 in 2000.

I can see how this would be "cool" or something, but id still want to keep as much cash as possible. What happens in an emergency situation and all the electricity is gone? What do you do then? Your screwed.

Originally posted by Aloysius the Gaul

Originally posted by elpistolero1
screw digital money, I want to use gold money instead of paper.

Paper money is so 20th century

The good old days...

Of coarse there is I.D theft. I bet some smart ass will come out with something that can fill his bank account.No need to counterfeit money anymore just pop in any number just like banks do and put it in his own account.Then there would be a mad scramble to block all that, thieves are always on top of the latest tech and how to use to get money. Just like that scanner/card reader which can take all your money just by being near you. If computers go down nobody can buy anything and of coarse being denied access to things.Oh you protested the other week .NO SOUP FOR YOU!

And when/if computers ISP's crash, and /or power outages happen, for days or weeks, whether from overloads or disasters, or attacks. People won't have any means for purchasing. I can see a strong possibility of civil unrest and riots if no one carries money anymore and relies on electronic technology that always has failures at one time or another

Originally posted by Surfrat
And when/if computers ISP's crash, and /or power outages happen, for days or weeks, whether from overloads or disasters, or attacks. People won't have any means for purchasing. I can see a strong possibility of civil unrest and riots if no one carries money anymore and relies on electronic technology that always has failures at one time or another

Yep - it happens in New Zealand occasionally - if the systems go down there's a fair bit of chaos - sometimes it is jsut a single chain of stores, sometimes it can be nationwide.

However contrary to your statement above, retailers can and do revert o manual recording of the transactions - literally writing the card numbers and purchase quantities down on a bit of paper for processing later. It's obviously slower than the electronic version - but we're spoiled for speed these days!

This will make it much easier for the local law enforcement to catch car thieves and dope pushers. It all but puts them out of business.