The Humble $50.00 Note

[raymo]

I too will not use self serve checkouts. I sold my little caravan last year,
and was paid $12,500 in cash, and sold a scope and mount for $1400, so
cash is not quite dead yet.
raymo

[Shasta55 (Chris)]

Funny subject for an astronomy forum. But I agree with the majority anyway. We are retired and also use cash for budgeting without running a ruler over every spend. Set amount per fortnight from pension. What's left is spending money for the following 2 weeks. Super/savings for bills & holidays. Surprised to hear some ANZ's don't do cash at ATM. Our local one spits out $100's thankfully. Have used self checkouts, but they are a pain when you want $500 or so and it spits out 25x20's
P.S. If we do lose access to cash, I doubt it's totally about control. I've read that 80% of the $100's ever printed generally don't stay in circulation. They are likely squirrelled away by greedy people avoiding assets testing, and getting belted by inflation.

[leon]

Have to agree Marcus it dose have that special smell, and it looks good when you throw a heap in the air, like you have seen on telly.

Leon

[sharkbite]

Translation from a Mesopotamian newspaper when the shekel started to take over:

"If some people want to rely solely on cash transactions, let them. But don't take away Barter for the rest of us. My Pig can't be forged. If i'm robbed, my pig will squeel and come home. They can't steal all my pigs in one go either. If my pig is accidentally burned i can still eat him. I don't need to have a government agency print my pig, and i dont need to go to the bank to pick him up...I can't drop my wallet full off pigs and lose my weeks pay...
If the shop doesn't have any change i can still trade my pig for more stuff. I can share my pork with a homeless person. Sure, i can use cash for large purchases, but for everything else please leave me the option of trading my pig."

[leon]

Have to that is pretty spot on, like it.

Leon

[dikman (Richard)]

I think he's telling porkies........

[sharkbite]

Originally Posted by dikman

I think he's telling porkies........

well it was a rough translation from a clay tablet.....

personally i think it is more likely to have been goats.

[astronobob (Bob)]

Can't do nothing about the coming 'cashless society',, But That Said, cash will slowely dissapear and only at the same rate the people using it dissapear,, thats a given, frankly.
Theres a hell-of-a-lot of 'over 50's using cash, so be it in part, but a lesser amount of 'under 50's & doubt many 20y olds are using much if any.

The banks, governments, finance intitutions stock-markets, trade etc etc all over the world and the rest of changing techknowledgy know that they are waiting for cash-use to 'die-off' - all part of the 'Changing Times,, and dare I say, controll - ultimately of the spending because the will be able to every transaction. but thats ok for me, because I wont be around then...

Knd Rgds