[spokepoker]

Are there any swedish forum members who can comment on this directly?

[AboveAverageJoe]

I wonder when this will happen in the US. Hopefully not when I am still alive.
Its funny that people think gold will be the new cash. It will be drugs, alcohol, cigarettes and booty.

[kimbo]

This has been a long time coming, and people will accept it because:

Like it's been said in this thread already, most never use cash anyway and most don't see further than their own nose.

"Om du har rent mjöl i påsen" means you have nothing to worry about if you have nothing to hide. Basically: Swedes trust their government.

They recently changed the bills, instead of kings and scientists like the founder of Sweden (Gustav Vasa) and the man who came up with modern taxonomy it's now film stars and film directors. People won't be sorry to see those go.

[porscheguy]

It allows the government to tax EVERY single transaction among people. The government gets their cut.
The banks get to charge a fee on every single transaction. They get their cut.
If you are labelled a trouble maker by the government, they can freeze your account and restrict your access to your money.
You want to buy whores and porn? That's fine. The government and the banks know you do such things.

Your average person doesn't really think anything of this. All they think is that life will be more convenient on plastic.

[Fast Eddie]

(07-08-2016 11:37 AM)The Beast1 Wrote:  

If ya'll are thinking precious metals and bitcoin will save you from the cashless society, think again. They'll heavily regulate precious metals dealers and most likely outlaw all bitcoin marketplaces.

Bitcoin is only useful if there are marketplaces that easily allow its transfer. The second the official ones go the price will collapse. Not to mention, the peer to peer market places where folks can trade btc for cash will probably be filled with honey pots designed to catch traders. Watch operating outside of the system become a crime!

Another mark of the end of times.

They can only ban and regulate so much. Cash is more convenient than gold, so people use cash. If people can't use cash, they'll use gold. If they can't use gold, then they'll use the next most convenient thing. Unless they literally ban every single damn thing in the entire world, there will always be a way to legally store your wealth outside the electronic realm.

(07-08-2016 12:08 PM)porscheguy Wrote:  

Your average person doesn't really think anything of this. All they think is that life will be more convenient on plastic.

How many people can possibly be stupid enough to think the existence of paper cash somehow stands in the way of the use of their credit cards, which they've been happily using for decades?

I mean, do they hear of these announcements banning cash and go "gee, finally I'll be able to use my VISA I've been using everyday for the last 10 years including just 20 minutes ago. The wait is over starting next year!"

[AboveAverageJoe]

^Gold just isn't practical for currency. It is very dense making it very heavy and it is not easily divisible.

[Glaucon]

(07-08-2016 12:18 PM)AboveAverageJoe Wrote:  

^Gold just isn't practical for currency. It is very dense making it very heavy and it is not easily divisible.

Its not for currency, its for storing wealth.

[Nineteen84]

See, it's things like this that tell me I won't spend much more of my life in Europe.

Not that I'd partake in any blackmarket activities - it's just the principle of it all.

[Ghost Tiger]

Bitcoin will be fine. Too many drug dealers and money launderers use it for it to be shut down by any government. Government is downstream from finance. Soros has warrants out for his arrest issued by several different governments, and he's still causing mayhem. Like somebody said above, they don't tax gold because they like to use it to preserve wealth. It's the same with Bitcoin. Actually, Bitcoin is superior to gold in many ways. Once more of these old Luddite elites die off and their younger tech-savvy heirs take over their wealth, Bitcoin's popularity will continue to grow. What the elite like about Bitcoin is that it takes a bit of tech know-how to even understand it let alone use it. Any peasant can hide a gold bar in his cellar, but not everybody can figure out how to get themselves a Bitcoin wallet, let alone trust one enough to store wealth in it.

Bitcoin is the future.

[Thought Criminal]

A cashless system needs to make provisions for when the infrastructure is down. I almost never use cash. When I do it was because the credit card machines were down or my credit card was not acceptable for some reason. Cash is my backup.

[AboveAverageJoe]

I don't like my purchases being tracked so I use cash for those things. I don't care if my CC company knows I pay my bills or not. So I pay for household bills with debit cards and personal bills in cash.

[Glaucon]

(07-08-2016 12:32 PM)Thought Criminal Wrote:  

A cashless system needs to make provisions for when the infrastructure is down. I almost never use cash. When I do it was because the credit card machines were down or my credit card was not acceptable for some reason. Cash is my backup.

Its much easier to do this in Sweden which is a small country. But I can't imagine doing it in the US. So every rural steakhouse which have bad or non existing signal have to be closed? Or they have to store the transaction info in a gov. issued computer and provide it monthly to get the money? It would be insane. The economy would collapse very fast and then people would get the forks and the torches.

[AboveAverageJoe]

I am in the car business and many auctions only accept cash and hire off-duty policemen to be present in their office and on the premises. The marijuana business in those nearly 50% of the states where it is legal is conducted primarily in cash because Federal banking laws prohibit banks from conducting their transactions. They hire armed veterans to escort the goods and cash since regular armed security firms aren't taking their business. This would affect many legitimate businesses.

[Vicious]

Nowhere in the source does it say having cash will be illegal, that's ridiculous hyperbole. The thread title is something I'd expect on a click bait site like Jezebel.

[Luvianka]

Bitcoin will be shut down anytime soon. Why? It's a direct competition and threat to the Banking Cabal which has the monopoly to issue currencies worldwide. Even worse, it's the living proof that what we have is not a crisis of debt, but liquidity.

[Mercenary]

(07-08-2016 01:00 PM)Vicious Wrote:  

Nowhere in the source does it say having cash will be illegal, that's ridiculous hyperbole. The thread title is something I'd expect on a click bait site like Jezebel.

The article clearly states "Sweden is the place where, if you use too much cash, banks call the police because they think you might be a terrorist or a criminal. " which implies the assumption of illegal activity.

It's not illegal to own SOME cash.....now.
But the title implies it could be soon.
Even if isn't made illegal, the Swedish banknotes you are hiding at home will eventually become worthless pieces of paper anyway.

Precious metals in the form of physical coins are the both the safest and easiest thing to store and carry around and exchange worldwide.
Gold (and therefore gold coins) are sold tax free at the moment in most countries.
However, the only countries I know of where you can buy silver (and therefore silver coins) totally tax free are Estonia and Norway.
If anyone knows any other countries, please say so.

[rotekz]

There is zero chance this will happen in the UK any time soon. There would be riots. Sweden has so many other issues anyway that this might not seem a big deal to them.

[Aurini]

Negative interest rates. Good Lord. The Bible forbids usury, and here we are engaging in brand new sins the Jews of old never even thought of.

[Vicious]

Quote:

The article clearly states "Sweden is the place where, if you use too much cash, banks call the police because they think you might be a terrorist or a criminal. " which implies the assumption of illegal activity.

That's an unsourced opinion at best, at worst it's a standard practice for ALL western nations. Tracking large sums of money transfers is hardly new to security agencies. The logical jump that it's about to become illegal is an Evel Kneivel like feat.

[debeguiled]

(07-08-2016 11:58 AM)kimbo Wrote:  

This has been a long time coming, and people will accept it because:

Like it's been said in this thread already, most never use cash anyway and most don't see further than their own nose.

"Om du har rent mjöl i påsen" means you have nothing to worry about if you have nothing to hide. Basically: Swedes trust their government.

They recently changed the bills, instead of kings and scientists like the founder of Sweden (Gustav Vasa) and the man who came up with modern taxonomy it's now film stars and film directors. People won't be sorry to see those go.

It seems like this would only work in a country that has a high level of trust in their government like Sweden has been traditionally. I would like to know too from any members in Sweden if this has changed recently based on things like the migrant crisis.

[John Michael Kane]

If I were a Sweede, I'd be moving my funds to US Dollars for anything in excess of what I need for daily expenses. And I'd keep my passport current. Sweden is ground zero for globalist interests sacrificing the native people of a land to foreign hostile elements.

[Travesty]

This is a very interesting thread with great thoughts.

I really believe unless the bankers are tried and executed in the next decade or so this will spread.

I think at some point everyone's net worth (except the power holders) will be made public to even exert more control, so everyone is keeping an eye on each other.

Self-policing, and self-restraining seems the big goals whether it is race tension, class tension, liquidity policy. This is the only way a few hundred people can control billions easily.

[Vienna]

(07-08-2016 04:38 PM)Travesty Wrote:  

This is a very interesting thread with great thoughts.

I really believe unless the bankers are tried and executed in the next decade or so this will spread.

I think at some point everyone's net worth (except the power holders) will be made public to even exert more control, so everyone is keeping an eye on each other.

Self-policing, and self-restraining seems the big goals whether it is race tension, class tension, liquidity policy. This is the only way a few hundred people can control billions easily.

This has been a thing for at least a few years in Sweden.

The evening tabloids run a big article in every respective county each year, listing the top 250 earners/net worths in 'your' area. Goes without saying they're left-leaning papers.

[Vienna]

(07-08-2016 04:19 PM)debeguiled Wrote:  

(07-08-2016 11:58 AM)kimbo Wrote:  

This has been a long time coming, and people will accept it because:

Like it's been said in this thread already, most never use cash anyway and most don't see further than their own nose.

"Om du har rent mjöl i påsen" means you have nothing to worry about if you have nothing to hide. Basically: Swedes trust their government.

They recently changed the bills, instead of kings and scientists like the founder of Sweden (Gustav Vasa) and the man who came up with modern taxonomy it's now film stars and film directors. People won't be sorry to see those go.

It seems like this would only work in a country that has a high level of trust in their government like Sweden has been traditionally. I would like to know too from any members in Sweden if this has changed recently based on things like the migrant crisis.

The current Social-Democrat/Green goverment enjoy the lowest trust (and parliamentary support) in Swedish history, I believe. They have to tackle political scandals on a weekly basis which whittles away at their already laughable stock.

Needless to say, trust in their handling of the migrant crisis has until now been sinking. With the new harsh Swedish immigration laws passed, things are looking better.

In most other major areas of government, particularly finance and taxes, Swedes still have a fairly high trust in government.

That's my point of view at least, and I also have to point out that the average Swede doesn't give a shit about politics. Since Swedes are deathly afraid of any kind of confrontation, you will rarely hear a political opinion from the average Swede. Making sure everyone feels good and no feelings are hurt is a bigger priority than having a possibly confrontational yet interesting and thoughtprovoking discussion, to a Swede. Unless he or she has downed a fifth of vodka.

Background: born in Sweden, with an inherited Italian temperament and acquired love of political debate. Not the best combo in Jante Law country.

[Slim Shady]

This will lead to massive inflation, which will be very interesting indeed in a heavily taxed socialist welfare state...