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10:54 AM on 04/12/2012
I use cash as much as possible. I hate that banks are making so much money off of us with swipe fees that raise the price on products for all of us. Credit cards are bad news but DEBIT cards are more dangerous and ubiquitous. We are being marketed to death by big banks, etc. into believing that cash is "old-fashioned" and, as a society, we are very concerned about image. Truly a pity that we are not doing more to fight back against the marketing. It's truly another way to eliminate our privacy and allow tracking of our private finances.
11:00 AM on 04/12/2012
That was very well stated and so true.
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smmrselysummers
Be the parent your children can be proud of
12:02 PM on 04/12/2012
Fanned and Faved and I am right there with ya for exactly the same reasons. In fact I am using cash only and going to close my checking account very soon. I have found that I spend a lot less money when I use cash as well, so I am saving more.
10:49 AM on 04/12/2012
Every time plastic is used, someone makes a percentage off the swipe. That is why the banks, investment firms, etc want you to use a card. Plus its easier for them to keep track of you-your spending habits, where you live, etc and then sell that info. Keep cash in the system, or else nothing in your life will be private.
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Thomas Marsden
Death By Partisanism
10:47 AM on 04/12/2012
Without cash the black markets and criminals of the country couldn't operate, that's why there will always be cash, which represents about 5% of the total supply of money.
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Veets99
My micro-bio is empty
12:52 PM on 04/12/2012
The banks are their own black-market, charging you a fee every time you swipe your card.
If you are not buying drugs, there is nothing wrong with using cash.
01:49 PM on 04/12/2012
No one is charging YOU a fee when you use the card, unless it is the merchant (as some gas stations do).
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Thomas Marsden
Death By Partisanism
02:30 PM on 04/12/2012
I agree completely. I was just saying that no cash means no illegal drugs changing hands.
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jonny dipstick
10:45 AM on 04/12/2012
I probably go one week every 2 months without case. When I was a student and super poor, I once went a whole month. It was rough. I literally had to steal food that month. Not a pleasant memory.
11:01 AM on 04/12/2012
I'm glad you persevered and continued your education.
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jonny dipstick
11:17 AM on 04/12/2012
Thanks. Sometimes I wish I didn't. It was so hard.
10:43 AM on 04/12/2012
CASH IS KING
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olitenup
10:40 AM on 04/12/2012
I deal, as much as possible, in cash.
garystartswithg
el sueno de la razon produce republicans
10:47 AM on 04/12/2012
you aren't the only one -- i went back to cash as soon as i stopped living in denial about how much plastic was costing me. i closed my bofa in the 90s -- i am so ahead of the curve. (pats self on back).
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olitenup
10:50 AM on 04/12/2012
It is getting harder to do and I sure get funny looks, but it is worth it.
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Crisdean Wulver
We've got our priorities screwed up.
10:36 AM on 04/12/2012
If the economy crashes, currencies will crash. Not just American currency but currencies all around the globe. Currencies are indispensable for complex economies. The trick to maintaining a system of currency is that there must always be enough of it to represent two things: savings and the amount of goods an services that need to be exchanged in order to keep a complex economy running. If there isn't enough currency to make this exchange possible, then an economy can crash even when all the concrete aspects of the economy are healthy.

Here's the bad news. Because of computerized credit, there is a lot less paper and metal money in the economy than there ever was before. When the economy and American currency and American credit crashes, there won't be enough hard currency available for day to day transactions. And it could take the American government years to print enough to pick up the slack.

The only solution, it seems, is to use preexisting credit card and debit card systems to pick up the slack until enough hard currency can be printed up to meet the demands of the oncrete economy.
garystartswithg
el sueno de la razon produce republicans
10:54 AM on 04/12/2012
the dollar is already vastly over-inflated because of the amount of non-currency there is in the United States.
Most people have mandated direct deposit for a reason. Your paycheck is numbers in computers that someone else will have to worry about being imaginary somewhere down the line, its not their problem.
The Dept of Treasury is already overprinting money -- so much they don't publish how much they are printing. It used to be used as a tool to measure inflation, but since it made the Bush/Cheney junta look bad the Bush/Cheney junta declared the practice outdated and shut it down.
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Crisdean Wulver
We've got our priorities screwed up.
11:17 AM on 04/12/2012
They should be overprinting money right now, in case of a crash. But they shouldn't release it into the system until it's needed----when digital currency collapses.
11:03 AM on 04/12/2012
You are correct that the possibility exists that the economy crash would short the available paper currency.
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Huntergp02
Insert witty statement here
10:36 AM on 04/12/2012
We need to at least dish pennies.
11:09 AM on 04/12/2012
I like pennies and would miss them.
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Ilovestuff
10:27 AM on 04/12/2012
big mistake not using cash. Loss of identity, loss of liberty and freedom of how and where you will spend your money. If you want a true 1984 society give up using cash.
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WSAY
Res ipsa loquitur
10:30 AM on 04/12/2012
Get a job, be somewhat responsible, and you too can be trusted with credit. When I hear a person say, "I don't use any credit," I hear "deadbeat."
10:36 AM on 04/12/2012
Deadbeat? I hear 'responsible' and 'not playing the debt game with Big Thieving Banks". What about those who make enough to pay cash and don't need credit. Use your mind for something besides judgement of others.

Cashless is exactly what the controlling elitist trillionaires want! Total control of every facet of our lives.

Get a job you say? How about getting an education? Sounds like you need one.
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ThePericles
10:36 AM on 04/12/2012
I have cards, but I try to use cash. It saves me money. When someone calls me "deadbeat," I think, "spendthrift." No transactions are free. You don't sound very responsible, but it's your money.
11:05 AM on 04/12/2012
Freedom is the most important thing credit takes away.
01:57 PM on 04/12/2012
Not if you use debtresponsibly. I know many a person who has gotten rich off taking on debt. It's called leverage. You should look into it...
10:14 AM on 04/12/2012
what happens if they want to turn it all off, or it is hacked, or the power grid goes down, or you have a bureaucratic enemy that flips the switch.... yeah good idea put the control of your money in other peoples hands..... in the name of progress!
01:59 PM on 04/12/2012
Do you think that there is a light switch somewhere that turns electronic money on and off or something? Not to mention, if this mystical switch gets hit, what good is your cash going to do you?
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JolietJake Blues
Hates Illinois Nazis
10:10 AM on 04/12/2012
Corporations are going to push to get rid of cash.

Cash policies usually require 2 people (manager and cashier) counting every drawer before and after every shift. The manager needs to count/make the deposit and then sit at the bank while the cashier counts the deposit.

Can you imagine the annual cost of employees counting money at just 1 corporation like McDonalds???

Not to mention, cash gets stolen, while electronic payments don't.
10:18 AM on 04/12/2012
So you are for putting your financial well being in the hands of corps, big banks, etc? Those that you likely rail against on OWS blogs?
10:06 AM on 04/12/2012
So you are going to use your debit card to feed the parking meter. I guess you could cut it in half and it would fit through the quarter slot. And then again when you go into Mac Donald's to by the 1$ double cheeseburger. I could go on and on. I suspect those that say they go for long periods of time without cash are not really remembering it all.
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JolietJake Blues
Hates Illinois Nazis
10:04 AM on 04/12/2012
I pay my credit card off in full every month and buy everything on it for the 2% cash back, but I still can't bring myself to use it on small purchases like a $5 sandwich.
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paganmist
Girl gamer geek armchair activist
09:54 AM on 04/12/2012
Ugh ugh ugh.

I used to mock people who told conspiracy theories about using cash and not allowing our government to transition to a completely digital system.

What I've seen and learned over the past three years has made me one of them.

Yes, it's convenient.
No, it doesn't seem dangerous.
Maybe nothing would go wrong.

But all you have to do is take a look at the psychopaths on Wall Street - literal psychopaths, 1 in 10 of them - to understand the type of people who would end up getting jobs "managing" everyone's money.

You have only to look at the nearly catastrophic decision-making of certain leadership that nearly led to a literal economic meltdown three years ago, and then again during the debt ceiling debacle.

You have only to look at people like the Koch brothers and other such "titans of industry" who've made it their life's goal to hoard the lion's share of a finite resource (money doesn't grow on trees) and see just how under-handed they're willing to be to get their way.

These are ultimately the people who would end up having control over the systems that handled all of the money: psychopaths, cheats, schemers, the lot of them. These are the people who are trying - deliberately - to move the world's markets to a paperless system. You have to ask yourself why and keep in mind that the answer will always involve some benefit to them and almost certainly involve some detriment to you.

There are people in this world who grow up with so much money and such a sense of privilege that they literally do not see regular people like you and me as human beings whose lives should be respected. They see opportunities, pawns, and inferiority. They are modern-day aristocrats, convinced that they are better than everyone else by virtue of their parentage and their wealth.

And these people have nothing better to do in their days than to play out their own "Games of Thrones"-style intrigues. They use their money to shape world events. They use their power to start wars and manuever for more power. They use media, disinformation, and fear to keep us complacent as they do so. They form childish "secret society" type clubs to further convince themselves that they're special. They selectively marry with the goal of remaining financially and sometimes racially pure. And they teach their children to have the same superiority and disdain.

These people have plans. Just like you plan on going clubbing this weekend, they plan on becoming top of the political and financial food chain by any means necessary. And one of the long-standing parts of that plan has been to hoard all tangible wealth for themselves by implementing systems of "representative currency".
10:20 AM on 04/12/2012
Good to see someone else see the light..
02:03 PM on 04/12/2012
You guys are so profoundly intelligent. Good luck when the whole economy becomes digital, because your little posts on the HP forum are going to do nothing to stop that.
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GlassMask
Comedian/Curmudgeon
09:53 AM on 04/12/2012
I pay cash for everything under fifty bucks, and dumped my only credit card a few years ago. I use my debit card for big purchases, online shopping, tickets, hotels, etc. I wish we'd get rid of the penny, but I like having a few bills in the pocket. When e-money stops being a free payday for the banks, I'll embrace it; for now, no, thanks...