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High-tech Sweden edges closer to becoming cashless society

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posted on Mar, 18 2012 @ 12:38 PM
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Not many people carry physical cash on themselves anymore. In my experience about 80% of all transactions are debit/credit card based.




posted on Mar, 18 2012 @ 12:40 PM
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after cashless...then comes classless..then faceless
just sayin



posted on Mar, 18 2012 @ 12:43 PM
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reply to post by aboveGoos
 


See, that is why I don't use banks and plastic anymore. Too much damn fees.... Now on top of all the fees, you have to pay a third party to exchange currency. No thanks.



posted on Mar, 18 2012 @ 12:55 PM
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With only digital credits being available to you, you will be at the total mercy of the government and corporations.
Just ONE step out of line, and they will stop your credits !! you may no longer be a part of society, you may no longer buy nor sell. No food, no job and no life.



posted on Mar, 18 2012 @ 02:33 PM
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reply to post by drock905
 


exactly.....and this is why it won't such the big fuss that others are making it to be.



posted on Mar, 18 2012 @ 05:46 PM
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Originally posted by CB6699

High-tech Sweden edges closer to becoming cashless society


www.canadianbusiness.com

“STOCKHOLM - Sweden was the first European country to introduce bank notes in 1661. Now it's come farther than most on the path toward getting rid of them.
"I can't see why we should be printing bank notes at all anymore," says Bjoern Ulvaeus, former member of 1970's pop group ABBA, and a vocal proponent for a world without cash.
The contours of such a society are starting to take shape in this high-tech nation, frustrating those who prefer coins and bills over digital money.
In most Swedish cities, public buses don't accept cash; tickets are prepaid or purchased with a cellphone te
(visit the link for the full news article)



I've been saying for years that this is part of the NWO plan -- cash is more difficult to track. Every purchase instantly recorded & traceable in a cashless society -- no privacy.

Also "outcast slaves" who are no longer approved -- cannot survive easily within the NWO society. They are pushed outside the boundaries -- into even more dangerous areas controlled by outlaw gangs. Some Utopian future....

And there are people naive enough to promote a "One World Federation" -- talk about being sold a bill of goods.
edit on 18-3-2012 by AuranVector because: (no reason given)



posted on Mar, 18 2012 @ 06:14 PM
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This system will cost the consumers more. Especially with the “phone swipe” transactions. Not everyone has those types of phones or data packages, and would be forced to purchase them. What if little Jimmy needs to pay his Boy Scout dues? What about school fundraisers, bake sales, those tulip bulbs and the Teriyaki jerky sticks???? Girl Scout cookies, aaarrrrrgggghhh! What about your kids weekly allowance? Salvation army bell ringer donations? Can't even give a drunk on the street corner a buck or two. I can see all sorts of problems. What about while you’re visiting in Quintana Roo and want to pay a guide for a day trip? Look at all the bank card fraud already. Now you are forced to give even more people/entities your bank card information. The more technological our money becomes, the easier it is to steal and that’s a fact. I think ID theft alone is responsible for over 50 BILLION dollars a year. And it's is all done "electronically".

this thread here (www.abovetopsecret.com... ) the banning of cash for second hand items in Louisiana.
edit on 18-3-2012 by Gridrebel because: (no reason given)



posted on Mar, 18 2012 @ 07:38 PM
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reply to post by CB6699
 


There is no transaction fee here in Sweden as far as I know, I'm still opposed to the idea though.



posted on Mar, 18 2012 @ 07:47 PM
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reply to post by tauristercus
 


Yep - and 2 years earlier in NZ - Cash is no longer king from 2009 -


The report found electronic funds transfer (Eftpos) had displaced cash as the most common method used to pay for things such as groceries, power bills and mortgage. The number using Eftpos in the latest survey (83 per cent) is the same as in 2005, but the number using cash dropped from 84 per cent to 77 per cent. There have also been declines in all other methods of payment except internet banking, where users have increased from 34 per cent of adults in 2005 to 47 per cent.


I got paid for something by a cheque in NZ recently - it was damned awkward having to fine a bank to bank it!!



posted on Mar, 18 2012 @ 07:49 PM
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reply to post by drock905
 


the article i read talks about the low class thief yet fails to mention the big boys on top,how would it affect them? there is dishonest people up there,yet, no vews on that aspect,just hackers and low life thief.as russo said it they want to be able to turn the chip off and screw you if you dont comply.is the world ready for that? to many dishonest people at the top,in my opinion.



posted on Mar, 18 2012 @ 08:40 PM
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screw digital money, I want to use gold money instead of paper.



posted on Mar, 18 2012 @ 09:05 PM
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this has everything to do with eliminating underground economies
and keeping bankers in Hooker Money



posted on Mar, 18 2012 @ 09:42 PM
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Originally posted by elpistolero1
screw digital money, I want to use gold money instead of paper.


Paper money is so 20th century



posted on Mar, 19 2012 @ 01:31 AM
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Originally posted by TheComte
With what will they fill the brown envelopes when it comes time to bribe some public official?

You can't put an electronic payment in an envelope. There will always be cash.


They covered that in the article:


Oscar Swartz, the founder of Sweden's first Internet provider, Banhof, says a digital economy also raises privacy issues because of the electronic trail of transactions. He supports the idea of phasing out cash, but says other anonymous payment methods need to be introduced instead.


And the biggest irony:


The number of bank robberies in Sweden plunged from 110 in 2008 to 16 in 2011 — the lowest level since it started keeping records 30 years ago. It says robberies of security transports are also down


aaaand then we have:


The flip side is the risk of cybercrimes. According to the Swedish National Council for Crime Prevention the number of computerized fraud cases, including skimming, surged to nearly 20,000 in 2011 from 3,304 in 2000.

edit on 19-3-2012 by boncho because: (no reason given)



posted on Mar, 19 2012 @ 06:56 AM
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I can see how this would be "cool" or something, but id still want to keep as much cash as possible. What happens in an emergency situation and all the electricity is gone? What do you do then? Your screwed.



posted on Mar, 19 2012 @ 07:09 AM
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Originally posted by Aloysius the Gaul

Originally posted by elpistolero1
screw digital money, I want to use gold money instead of paper.


Paper money is so 20th century


The good old days...



posted on Mar, 19 2012 @ 04:55 PM
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Of coarse there is I.D theft. I bet some smart ass will come out with something that can fill his bank account.No need to counterfeit money anymore just pop in any number just like banks do and put it in his own account.Then there would be a mad scramble to block all that, thieves are always on top of the latest tech and how to use to get money. Just like that scanner/card reader which can take all your money just by being near you. If computers go down nobody can buy anything and of coarse being denied access to things.Oh you protested the other week .NO SOUP FOR YOU!



posted on Mar, 19 2012 @ 05:08 PM
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And when/if computers ISP's crash, and /or power outages happen, for days or weeks, whether from overloads or disasters, or attacks. People won't have any means for purchasing. I can see a strong possibility of civil unrest and riots if no one carries money anymore and relies on electronic technology that always has failures at one time or another



posted on Mar, 19 2012 @ 05:24 PM
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Originally posted by Surfrat
And when/if computers ISP's crash, and /or power outages happen, for days or weeks, whether from overloads or disasters, or attacks. People won't have any means for purchasing. I can see a strong possibility of civil unrest and riots if no one carries money anymore and relies on electronic technology that always has failures at one time or another


Yep - it happens in New Zealand occasionally - if the systems go down there's a fair bit of chaos - sometimes it is jsut a single chain of stores, sometimes it can be nationwide.

However contrary to your statement above, retailers can and do revert o manual recording of the transactions - literally writing the card numbers and purchase quantities down on a bit of paper for processing later. It's obviously slower than the electronic version - but we're spoiled for speed these days!



posted on Mar, 19 2012 @ 05:44 PM
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This will make it much easier for the local law enforcement to catch car thieves and dope pushers. It all but puts them out of business.

edit on 19-3-2012 by CodeRed3D because: (no reason given)



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