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Originally posted by NOTurTypical
LOL!!!!! As IF your account information is the ONLY thing that will be on the RFID chip.
Try over 2,000 pages of information and a GPS positioning for the satellites orbiting above.
Originally posted by ACEMANN
Banks are no longer required to keep cash on hand for deposits made - please read the info in the link above! It looks like a lot to digest but the OP does a great job walking the reader through the bill.
And yes, folks. This passed today. I'm not going to comment any further - I just hope as many people as possible read this
(thanks ATS and tickerforum)
(visit the link for the full news article)
Originally posted by LuDaCrIs
I don't quite get where all the paranoia is coming from. Banks already keep a very low percentage of deposits as cash.
If you want to re-assure yourself with physical cash, then you'd be assuming a piece of paper holds value. And that is just the point here; money is nothing more than a belief that some value is stored in it, in particular when you are dealing with fiat money. Whether you have faith in a piece of paper or some numbers in a computer, I really don't see the difference.
Originally posted by breakingdradles
So Israel is a cashless society already?!?!