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The World Economic Forum (WEF) has boasted that 98 percent of all central banks have now agreed to advance the unelected globalist organization’s “cashless society” agenda.
The WEF has revealed that most of the world’s central banks have been preparing to eliminate physical money and are now ready to make the switch to “digital cash.”
The revelation was made in a new white paper from the WEF which declares that nations around the world will soon be forced to adopt a Central Bank Digital Currency (CBDC) in place of traditional money.
Always use cash. And when they outlaw cash, use silver by weight.
Patrick says
Always use cash. And when they outlaw cash, use silver by weight.
When they outlaw cash, silver will not be useful. The solution metal is more like lead.
Bank Withdrawal Access Denied To Thousands in Australia As Customers Forced To Move 500 Miles To Get Cash. A group of banking customers in Australia are feeling the repercussions of a shift toward a cashless society, according to a new report. 4,500 residents living in the town of Kununurra are now facing a 500 mile journey to the closest bank, reports Yahoo Finance. The town, located in Western Australia, used to have brick-and-mortar branches and ATMs for Commonwealth Bank (CBA), NAB and Westpac. But all three banks have now left, citing reasons like staffing and security, amid an industry-wide trend of reducing physical locations.
But all three banks have now left, citing reasons like staffing and security, amid an industry-wide trend of reducing physical locations.
A powerful central banker has gloated to his fellow World Economic Forum (WEF) members that the Covid pandemic has helped globalists usher in a global “cashless society.”
Central Bank of Bahrain governor Khalid Humaidan discussed plans for eliminating physical cash while speaking at the WEF’s “Special Meeting on Global Collaboration, Growth and Energy Development” on Sunday.
During a panel discussion, titled “Open Forum: The Digital Currencies’ Opportunity in the Middle East,” Humaidan told WEF elites that the goal of a central bank digital currency (CBDC) is to replace cash with “100% digital” payments.
He revealed that the pandemic helped to rapidly advance that goal.
Cash has its benefits for certain things. I just don't like lugging it with me and fumbling with it at every transaction. You're tracked regardless of using either cash or credit.
WookieMan says
Cash has its benefits for certain things. I just don't like lugging it with me and fumbling with it at every transaction. You're tracked regardless of using either cash or credit.
yeah those bills weigh a lot and i find it hard to take out of my wallet.
yeah those bills weigh a lot and i find it hard to take out of my wallet.
I don't want to give them my bank card as I if get that info stolen and used its not as easy to get the cash lost charged back as it is on a credit card loss.
I'm pretty sure that none of the CCs charge merchants 5%. It's more like 1.5%.
So how could a CC give you 5% back and not go out of business?
I'm pretty sure that none of the CCs charge merchants 5%. It's more like 1.5%.
So how could a CC give you 5% back and not go out of business?
Patrick says
So how could a CC give you 5% back and not go out of business?
Charge 20% interest.
Patrick says
So how could a CC give you 5% back and not go out of business?
Charge 20% interest.
The average merchant fee is solidly over 2%, and the 5% are capped at a low maximum with changing categories. There's even a cap on total cashback after which you get 0. CC companies usually come out ahead of this (they also get a lot of data out of this to crunch and sell), so do savvy customers who avoid paying interest, for the merchants it's more like a necessary evil as interchange fees aren't capped in the US and among the highest.
The average merchant fee is solidly over 2%, and the 5% are capped at a low maximum with changing categories. There's even a cap on total cashback after which you get 0.
NuttBoxer says
What bothers me is I hear scanning those codes exposes a bunch of your data. I always ask for a menu, no place has refused me yet, even in San Diego.
I don't see how scanning can expose your data. You are just basically scanning the QR code to get a website that contains the menu.
This can be tied to your phone of course, that you were there and perhaps even what you ordered
You shouldn't store important information on your phone. There is no security on it.
“‘My other piece of advice, Copperfield,’ said Mr. Micawber, ‘you know. Annual income twenty pounds, annual expenditure nineteen nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds nought and six, result misery.”
David Copperfield (1850)
casandra says
I don't want to give them my bank card as I if get that info stolen and used its not as easy to get the cash lost charged back as it is on a credit card loss.
casandra
You're right not to give the a debit card. I worked with a guy whose debit card number was stolen and his checking account cleaned out. Took him MONTHS to get the money back and he was in a really bad position for a while, literally no money to pay his mortgage.
(1) Ten-day period. A financial institution shall investigate promptly and, except as otherwise provided in this paragraph (c), shall determine whether an error occurred within 10 business days of receiving a notice of error. The institution shall report the results to the consumer within three business days after completing its investigation. The institution shall correct the error within one business day after determining that an error occurred.
(2) Forty-five day period. If the financial institution is unable to complete its investigation within 10 business days, the institution may take up to 45 days from receipt of a notice of error to investigate and determine whether an error occurred, provided the institution does the following:
(i) Provisionally credits the consumer's account in the amount of the alleged error (including interest where applicable) within 10 business days of receiving the error notice. If the financial institution has a reasonable basis for believing that an unauthorized electronic fund transfer has occurred and the institution has satisfied the requirements of § 1005.6(a), the institution may withhold a maximum of $50 from the amount credited. An institution need not provisionally credit the consumer's account if:
(A) The institution requires but does not receive written confirmation within 10 business days of an oral notice of error; or
(B) The alleged error involves an account that is subject to Regulation T of the Board of Governors of the Federal Reserve System (Securities Credit by Brokers and Dealers, 12 CFR part 220).
(ii) Informs the consumer, within two business days after the provisional crediting, of the amount and date of the provisional crediting and gives the consumer full use of the funds during the investigation;
(iii) Corrects the error, if any, within one business day after determining that an error occurred; and
(iv) Reports the results to the consumer within three business days after completing its investigation (including, if applicable, notice that a provisional credit has been made final).
(3) Extension of time periods. The time periods in paragraphs (c)(1) and (c)(2) of this section are extended as follows:
(i) The applicable time is 20 business days in place of 10 business days under paragraphs (c)(1) and (2) of this section if the notice of error involves an electronic fund transfer to or from the account within 30 days after the first deposit to the account was made.
(ii) The applicable time is 90 days in place of 45 days under paragraph (c)(2) of this section, for completing an investigation, if a notice of error involves an electronic fund transfer that:
(A) Was not initiated within a state;
(B) Resulted from a point-of-sale debit card transaction; or
(C) Occurred within 30 days after the first deposit to the account was made.
"Also, just noticed my pest control service, supposed to come once every three months has been hitting me up every month. Thats 178 bucks a shot on my credit card."
I never use a debit card.
My credit union told me that I had to get a debit card to use their ATM, but when I pressed them, they admitted they could send me an ATM card which is not a debit card.
I think the issue is really only that they make money from the debit card but not the ATM card, that's all.
HeadSet
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They have a window where you can order a beer while you are waiting. So I ordered a beer and they refused to take cash.
OK, I wanted the beer, so I paid with a credit card. Then the total had an extra $1.50 on it. I asked about that and was told that I added a tip. I specifically did not add a tip because I was pissed that they don't take cash.
I got the manager and made him remove the tip.
We are rapidly approaching the CCP utopia of complete tracking of all citizens at all times.
Lesson: call ahead and make sure a restaurant will take cash. If they will not, don't go there.