Cashless society?

Discussion in 'Mayberry Lounge' started by Kframe, Dec 19, 2016.

  1. Kframe

    Kframe Black Belt

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    So, in a effort to drive "underground money" into the banking system and move to cashless system, India has voided(to use the words of the article) 90% of its cash money..

    http://www.wsj.com/articles/inside-indias-unprecedented-assault-on-cash-1481538604?mod=e2fb

    Mark of the beast issues aside(LOL I kid I kid), why make this move? Can anyone here tell me the benefit of doing this? Especially considering that a hell of a lot of India is dirt poor.
     
  2. Jack Reacheround

    Jack Reacheround Never Go Black

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    Well, without cash, no money can get lost. So you can know exactly how much money is in circulation at all times. I don't know if there is any great benefit to that, but I imagine no cash makes that possible.
     
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  3. GODZILLA213

    GODZILLA213 Genocide Revised

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    I would add it's also another way for curtailing tax evasion or people working under the table. Once all transactions become digital, all transaction will be trackable. It's an interesting concept to think about, but I can't imagine it not failing.
     
  4. Aegon Spengler

    Aegon Spengler Gold Belt

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    Cash rules Everything Around Me! Dolla Dolla Bill Ya'll

    To me this seems like a method of control. Imagine if the state could just wipe out your bank account in a flash and you had no other recourse, no way to crawl back up the ladder...nothing. Destroyed forever. No body will take your money, nobody will be able to pay you.
     
    Last edited: Dec 19, 2016
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  5. sleepwalk

    sleepwalk pork roll, egg and cheese belt Platinum Member

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    ^^^^
    Beat me to it.
     
  6. Sir GTL

    Sir GTL Black Belt

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    It's not all cash in India. Just two bills. Moving toward more electronic payments. Bringing India into the 21st century with this step.

    Oh, along with toilets and solar for all.
     
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  7. Pliny Pete

    Pliny Pete Puts Butts In Seats

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    C.M.E.A.M.?
    The title is right there in the fuckin video and you still got it wrong
     
  8. DaleBoca

    DaleBoca Silver Belt

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    Yeah, no. Cash business will never like this. Plus, how are you gonna make it rain at the titty bar?
     
  9. usfbrah

    usfbrah Chronic gambler

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    That's fucked up. That's why I hate banks
     
  10. Aegon Spengler

    Aegon Spengler Gold Belt

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    Oh well

    Can't win em all, petty Pete

    Did I get that one wrong as well?
     
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  11. badascan

    badascan Pugnacious Audacious Moral Nihilist Platinum Member

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    Everything done using cash can be done without it in an utopian world.
     
  12. Adamant

    Adamant GOLD BELT

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    Fuck cashless society.

    I like to hold my bills.

    [​IMG]
     
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  13. SherdogGoat

    SherdogGoat Platinum & Braco Belt Banned

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    Damn, didn't know bitcoin soared to almost $800. This must be one of the big reasons for the increase in value.
     
  14. Kirin

    Kirin Death Operator Platinum Member

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    It's something that economist ken rogoff has suggested the u.s. do as well, with respect the $100 bills. They're primarily used in the black market, by tax evaders, such as drug dealers, gun runners, etc.

    Not a bad idea.
     
  15. DIABOLUS

    DIABOLUS Banned Banned

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    Yeah.... fuck all that.

    [​IMG]
     
  16. Phlog

    Phlog Dad Belt

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    There is a problem of women taking their mens money and hoarding it. This takes money out if the system, no taxing, no interest etc. Government cannot control a currency effectively when it cannot track it's use. We're talking billions of lost tax.
     
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  17. Kframe

    Kframe Black Belt

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    Well the article I posted used the 90% term. They likened it to the US voiding the $20 and $100 bills. Voiding the $20 would make life a real hassle. I have no desire to pay all things with E-cash.
     
  18. AndersonStreet

    AndersonStreet Banned Banned

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    According to a rockerfeller whistle blower the plan is to have everyone chipped and if you cause problems they can just turn it off.

     
  19. Pliny Pete

    Pliny Pete Puts Butts In Seats

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    What are you gonna stick in strippers g strings?
     
  20. Scott Parker 27

    Scott Parker 27 Your Mom's Box

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    Thats a scary concept. Just another way for the government to see who is spending money on hookers or drugs and use it against them...I mean me.
     

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