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<p>[QUOTE="Notaphylic_C, post: 25527843, member: 130786"]Cash has always accounted for about 40-50% of transactions in the past. It never was the main way we paid for things but opponents of cash (<a href="https://en.wikipedia.org/wiki/Better_Than_Cash_Alliance" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://en.wikipedia.org/wiki/Better_Than_Cash_Alliance" rel="nofollow">The Better than Cash Alliance</a>) <b>BTCA</b> actively promote myths like cash causes crime, it was a vector for Covid or that getting a CC will help women become independent. The average Joe seems oblivious to the fact that since the arrival of credit cards (& media/ads promoting the avg consumer to take on greater amounts of debt), that opportunities to use cash has gone from minor decline to a rapid rate. Cash use is seriously threatened globally.</p><p><br /></p><p><br /></p><p>Honestly [USER=4626]@Troodon[/USER], I feel that assuming cash will never disappear is dangerous b/c retailers, government & law enforcement all seem bent on removing our rights to use cash. The <b>BTCA</b> actively support co to not use cash & spread propaganda that cash is dirty, criminal oriented, etc. Check <a href="https://www.bbc.com/news/business-47456698" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.bbc.com/news/business-47456698" rel="nofollow">out this article from BBC</a> with its prediction that cash will no longer be an option in the UK by 2026.</p><p><br /></p><p><br /></p><p>The biggest problem (obviously) is personal debt. I honestly don't mind electronic payments but am truly alarmed how few cash-check outs remains here in Canada. Personal debt has become a huge problem (just like the housing crises). Very few people talk about this. Everyone I know seems to embrace going cashless (even though it has a terrible long term affect)!</p><p><br /></p><p>Please check out this <a href="https://youtu.be/GbECT1J9bXg?si=f0oCXXxv8xOnNCGo" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://youtu.be/GbECT1J9bXg?si=f0oCXXxv8xOnNCGo" rel="nofollow">DW German documentary</a> (in English) entitled, "How cash is becoming a thing of the past."</p><p><br /></p><p><br /></p><p>Absolutely! Well put! But to be honest, I am becoming paranoid of the <b>BTCA</b> conspiracy to make cash a thing of the past. I think it's disgusting that it continues to grow (& is supported by the UN). I think we should all be aware of their silly campaign to denigrate cash esp when electronic money laundering is much more catastrophic than physical money laundering.[/QUOTE]</p><p><br /></p>
[QUOTE="Notaphylic_C, post: 25527843, member: 130786"]Cash has always accounted for about 40-50% of transactions in the past. It never was the main way we paid for things but opponents of cash ([URL='https://en.wikipedia.org/wiki/Better_Than_Cash_Alliance']The Better than Cash Alliance[/URL]) [B]BTCA[/B] actively promote myths like cash causes crime, it was a vector for Covid or that getting a CC will help women become independent. The average Joe seems oblivious to the fact that since the arrival of credit cards (& media/ads promoting the avg consumer to take on greater amounts of debt), that opportunities to use cash has gone from minor decline to a rapid rate. Cash use is seriously threatened globally. Honestly [USER=4626]@Troodon[/USER], I feel that assuming cash will never disappear is dangerous b/c retailers, government & law enforcement all seem bent on removing our rights to use cash. The [B]BTCA[/B] actively support co to not use cash & spread propaganda that cash is dirty, criminal oriented, etc. Check [URL='https://www.bbc.com/news/business-47456698']out this article from BBC[/URL] with its prediction that cash will no longer be an option in the UK by 2026. The biggest problem (obviously) is personal debt. I honestly don't mind electronic payments but am truly alarmed how few cash-check outs remains here in Canada. Personal debt has become a huge problem (just like the housing crises). Very few people talk about this. Everyone I know seems to embrace going cashless (even though it has a terrible long term affect)! Please check out this [URL='https://youtu.be/GbECT1J9bXg?si=f0oCXXxv8xOnNCGo']DW German documentary[/URL] (in English) entitled, "How cash is becoming a thing of the past." Absolutely! Well put! But to be honest, I am becoming paranoid of the [B]BTCA[/B] conspiracy to make cash a thing of the past. I think it's disgusting that it continues to grow (& is supported by the UN). I think we should all be aware of their silly campaign to denigrate cash esp when electronic money laundering is much more catastrophic than physical money laundering.[/QUOTE]
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