Although brought up on another thread, I thought this might be interesting to discuss.

Now that we are truly a "world economy," we are quickly approaching a time when cash will no longer be accepted.

Here are some items of interest.

Sweden moving toward a cashless economy.


Phase out the penny first as an experiment.  The rest will follow.


Experts believe cash will be gone by 2020. (Scroll down to read article)

Some think taxing cash will encourage people to use cashless methods of transactions.

Here's a person who says using cash causes them to spend to much money, so they use a card now.  Advocates for going cashless.

In Nigeria, banks already charge a "cash handling charge" to keep too much cash from circulating in the economy.

The Feds don't print big bills anymore, making cash transactions more difficult.  

It's coming sooner than you think!  Don't be caught unprepared.  There will soon become a bartering society because cash will be worthless and your electronic transactions will be monitored.

Big Brother is watching you.....

I never, ever thought I would actually be living in the pages of my 1984 novel

I found this interesting:

Quote

The profligacy of the Italian ruling class is in sharp contrast to ordinary Italians who are the least indebted consumers in the eurozone and among its biggest savers. They use their credit cards very infrequently compared to citizens of other eurozone nations. So deeply ingrained is cash in the Italian culture that over 7.5 million Italians do not even have checking accounts. Now most of these "bankless" Italians will be dragooned into the banking system so that the notoriously corrupt Italian government can more easily spy on them and invade their financial privacy. Of course Italian banks, which charge 2 percent on credit-card transactions and assess fees on current accounts, stand to earn an enormous windfall from this law. As controversial former prime minister Berlusconi noted, "There's a real danger of crossing over into a fiscal police state." Indeed, one only need look at the United States today to see what lies in store for Italian citizens."

I don't have a bank account and don't want one.

I have to use a debit card for certain transaction, especially shopping online for Catholic books, etc. So I use a credit union, which is still ten times better than a bank.