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The end of the little brown envelope!

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The end of the little brown envelope!

Postby Robin Hood » Tue Dec 29, 2015 2:42 pm

Cashless society ........ the end of ‘Little brown envelopes’ and the end of a lot more besides that!

Something to think about and to consider the envisaged consequences of a society where note and coin no longer exists, but the banks will still have the exclusive right to create the numbers in your account and create numbers to loan out? If you default on the repayment of the numbers which the bank created for you as a debt out of nothing, then to keep the books straight they will seize your collateral. They make something out of the interest but It is the collateral the banks want as it has value but the ‘money’ exists only as a book keeping entry.

The cashless society.

All over the world, we are seeing a relentless march toward a cashless society, and nowhere is this more true than in northern Europe. In Sweden, hundreds of bank branches no longer accept or dispense cash, and thousands of ATM machines have been permanently removed. At this point, bills and coins only account for just 2 percent of the Swedish economy, and many stores no longer take cash at all. The notion of a truly “cashless society” was once considered to be science fiction, but now we are being told that it is “inevitable”, and authorities insist that it will enable them to thwart criminals, terrorists, drug runners, money launderers and tax evaders.

But what will we give up in the process?????? :o :shock: :cry:

http://www.blacklistednews.com/The_Cashless_Society_Cometh%3A_European_Nations_Such_As_Sweden_And_Denmark_Are_%E2%80%98Eradicating_Cash%E2%80%99/48038/0/38/38/Y/M.html
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Re: The end of the little brown envelope!

Postby Londonrake » Tue Dec 29, 2015 6:57 pm

I read the article but as always found the comments more illuminating. I cant see it happening to be honest although I do recall reading a SF story way back about a guy that the system had registered as dead and he basically could do what the hell he wanted. People will always want some sort of means of person to person transacting. It will just go black on dollars or something. Somebody somewhere will make a fortune out of circumventing it. A monetary speakeasy I suppose.
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Re: The end of the little brown envelope!

Postby Robin Hood » Sun Jan 03, 2016 7:49 am

Londonrake wrote:I read the article but as always found the comments more illuminating. I cant see it happening to be honest although I do recall reading a SF story way back about a guy that the system had registered as dead and he basically could do what the hell he wanted. People will always want some sort of means of person to person transacting. It will just go black on dollars or something. Somebody somewhere will make a fortune out of circumventing it. A monetary speakeasy I suppose.


There is a lot of misconception about money, its creation and the way banks operate, so many comments are distorted by mistaken beliefs. It is an involved subject but once you grasp the basic concept that privately owned, commercial banks really do create 98% of bank deposits out of debt and all of it is created out of thin air, the concept of a cashless society becomes more than just probable, it becomes a certainty! The banks have everything to gain .......... they create 98% now, so why not burn the paper money and make it all 100% electronic? If you are a banker it makes sense and solves an awful lot of problems and restrictions for the banks ............. but is going to cause real grief for the rest of us.

You say ... ‘You can’t see it happening’? But it HAS happened already, it's now in the final stages of realisation! The process has been in motion for over a hundred years. The electronic era just accelerated the process. In the 50’s note and coin (let’s call it money) represented around 50% of the money in circulation, the other 50% was just book keeping entries but most people then were paid in cash and spent in cash, there were no cards!

Today only 2% is money (note/coin) and the other 98% has progressed from a clerk making book keeping entries to computers doing exactly the same thing only many millions of times faster. So now 98% of all money is book keeping entries (computers) and transactions all happen electronically, whether that is you writing a cheque, making a bank cash transfer or using a card ...... it’s ALL electronic.

I will give it around 15-20 years and there will be no high street banks, no ATM’s and even a box of matches you will buy using a card. The banks will have 100% control of the money supply.

I have no idea of your politics but consider what Corbyn is saying about his proposal for ‘Peoples Quantitative Easing’ ? Search for an explanation of PQE or more correctly OMC (Overt Money Creation) He is trying to get the supply of money carried out as it was before the modern banking system came into being, that is that it should be the State NOT private banks that create money. It is not a new idea; many US Presidents tried to do it and were unsuccessful because The Bankers are so powerful that they are now running the political system as well as the banking and financial system.

If you want to know how money is created ask The Bank of England! Banking sounds about as interesting as watching paint dry ...... but believe me, what most of us think we know about the origins of money and banking is wrong! Look into it and you will very soon realize what an absolute fraud the banking system is. :x
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Re: The end of the little brown envelope!

Postby tsukoui » Sun Jan 03, 2016 12:32 pm

In Cuba in the 70s there was a cashless society, not because there was no cash, but because nobody bothered to do any accounting 8)
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Re: The end of the little brown envelope!

Postby Robin Hood » Sun Jan 03, 2016 4:40 pm

tsukoui wrote:In Cuba in the 70s there was a cashless society, not because there was no cash, but because nobody bothered to do any accounting 8)


New one on me, do you have a link? :?:
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Re: The end of the little brown envelope!

Postby tsukoui » Sun Jan 03, 2016 7:22 pm

Heard it from a mathematician friend of mine who was teaching out there :arrow:
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Re: The end of the little brown envelope!

Postby Robin Hood » Tue Jan 05, 2016 10:45 am

tsukoui wrote:Heard it from a mathematician friend of mine who was teaching out there :arrow:


If your friend is correct then he is suggesting that they were using barter? That's OK in the country side and the villages but to transfer wealth from one person to another you need a form of currency and that can be anything from sea shells to gold bars ......... or even IOU's (Bank Notes) but something of apparent value has to be exchanged. All that needs is trust! Would you trust a Banker?

The problem, at least for us mere mortals, with getting rid of cash is that it makes the sole source of the transfer medium the private banks. Only THEY will be able to create money ...... on their computers ...... just as they do now but then it will be the ONLY option. We will no longer have the option to withdraw our savings and stuff it under the bed. A pallet full of €500 bills will be worth absolutely nothing as it can no longer be used to buy anything because the banks will not accept cash (Note and coin) and that means nobody will take paper notes as payment for anything. :o
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Re: The end of the little brown envelope!

Postby tsukoui » Tue Jan 05, 2016 1:32 pm

Robin Hood wrote:
tsukoui wrote:Heard it from a mathematician friend of mine who was teaching out there :arrow:


If your friend is correct then he is suggesting that they were using barter? That's OK in the country side and the villages but to transfer wealth from one person to another you need a form of currency and that can be anything from sea shells to gold bars ......... or even IOU's (Bank Notes) but something of apparent value has to be exchanged. All that needs is trust! Would you trust a Banker?

The problem, at least for us mere mortals, with getting rid of cash is that it makes the sole source of the transfer medium the private banks. Only THEY will be able to create money ...... on their computers ...... just as they do now but then it will be the ONLY option. We will no longer have the option to withdraw our savings and stuff it under the bed. A pallet full of €500 bills will be worth absolutely nothing as it can no longer be used to buy anything because the banks will not accept cash (Note and coin) and that means nobody will take paper notes as payment for anything. :o

It was a gift economy
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