patrick.net

Do you invest? What's the difference between a CC and investing? There is none. You have no control over your money. So I'm not sure the point. Any company could pull the rug out from under you at anytime.

With a CC I just don't pay it if I don't want to. I don't have to BK. With cash it's just gone. No recourse if you were screwed. Pay my CC off every month and I get over $8k in tax free benefits. I don't and haven't seen the benefits of cash ever besides gambling. A 2% fee, if even charged is trivial to the 10-15% back I make. Again tax free. For me it's actually about 24% of free rewards.

^^^^
This. I only pay cash to the mom & pop places. Get the right card and you can easily rack up 20% back. There are so many protections written into law for credit cards, mostly because the banks wanted people to be able to pay over the phone as opposed to physically presenting the card to be swiped:

Fair Debt Collection Practices Act
Fair Credit Reporting Act
Fair Credit Billing Act

For bank transfers (not cash), you have Regulation E.

WookieMan says

So I'm not sure the point.

There are a few points:

- to be able to still buy food if the US goes full Canada and blocks the credit cards of people who object to globalization and death jab mandates

- to make it harder to track my daily locations

- to make it harder to track my personal preferences in shopping

- as a symbolic statement that I object to centralized technocratic control over every aspect of life, the way it is in China

When payments become 100% digital (notice I said when not if), there will be nothing to prevent the wealthy from forcing their working class slaves to do their every bidding.

Money is liberty, money is security, money is the lifeblood of freedom of choice. When people lose control of their money, they have lost control of their life. Paper, coins, checks, or some form of payment that can’t be regulated by the wealthy is necessary for the lower and middle class to maintain their autonomy.

Patrick says

- to make it harder to track my daily locations

What year car do you have? If it's about 2010 or newer they can track your location even if you have a base/simple model. They can turn warning lights on to make you go to the dealer.

Patrick says

- to make it harder to track my personal preferences in shopping

I don't know why people care about this. I've stopped shopping recently, but my shopping history is hysterical. I've bought stuff like insertable vibrators for the wife I can control from the phone. Then I'll buy a breakfast sandwich maker. Meat thermometer. I'll order cheese from Wisconsin. Vitamins. If you buy data I'm a conundrum. You don't sell to me. I get more finance ads than anything. I already have my points cards so I don't have a need to open new ones.

Nuttboxer would complain abut this when he was around but I just don't care. I'm not doing anything illegal.

Patrick says

- to be able to still buy food if the US goes full Canada and blocks the credit cards of people who object to globalization and death jab mandates

No US based bank would EVER block your CC. They want you to keep it open to find the idiots that will pay 25% interest. I'd be more worried about you bank account and that getting cut off, then you're forced to pay the interest.

Also, I could live for 2 years, no job on CC's and pay no interest. It's an insurance policy to have money if things get tight. Still have I think about $30-40k cash savings. Our CC limits probably total $170k roughly. Cash value about $80k. If people pay interest on those levels they're not shutting the cards off (we pay on time). Credit card companies hate me.

https://www.petersweden.org/p/they-rejected-cashless-agenda

They REJECTED cashless agenda

Shops in Norway that refuse to accept cash now risk major fines.

We are finally seeing a reversal in the cashless agenda that has been ongoing for quite some time now.

As you might know, in Sweden, people have already gone so far that they have injected microchips in their bodies to use for cashless payments. Absolutely crazy.

But now Norway has gone against the cashless agenda.

From the 1st of May, shops that refuse to accept physical cash as payment risk massive fines.

If shops refuse to accept cash, they can be fined up to 4% of their revenue or up to $2.4 million.

The reason for this is to ensure that everyone can pay even if they don’t feel comfortable with digital payments, and to ensure security and preparedness in case of special situations, as we just saw happen in Spain with massive blackouts.

What happens if all power goes away and nobody can buy things anymore? That’s a big problem.

But not only Norway is doing this.

Hungary has also gone against the cashless agenda.

The Hungarian parliament recently passed a constitutional amendment ensuring that paying with physical cash is a fundamental right.

Next step: physical metal silver coins must be defined as the currency.

Patrick says

paying with physical cash is a fundamental right.

Technically, paying with cash is a fundamental right in the US, but is ignored at many places. Courts have even ruled that a business must even take payment entirely in pennies if tendered that way.