What is societies obsession with carrying cash?

How do you spend cash you don't have in your pocket. OK so if you take out far more than you need but thats a choice you can make while still sober.

And you were doing so well with the creative writing.

So, it’s either another tax on rural Ireland or it’s all part of the WOKE(all caps) conspiracy?

I find those who a slow to pay with cash are even worse with a card.

It takes them ages to put in a pin code.

@Count Dracula @elperello ... beaten to it .

I find people paying by card actually take longer than people paying by cash.

cash is king and people who only pay by card are fools.

So something printed by government's the world over is looked at as some sort of fraud mechanism.

It's getting ridiculous now.

I use my card most the time but small cash in say a birthday card or gifting some1 some money to help out.

Ffs if it's gone that bad that every penny has to be accounted for. To hell with the whole system then. Theres hidden corruption in all corners in high society.

So to hell with them all as far as I'm concerned.

Always had cash up to a year ago and then with the card since. Still carry around a €50 note though for emergencies. Used to have to use it for taxis but thankfully they have to take card now also. About time. My local Chinese only takes cash.

It's just so much handier with the card.

digitisation of our monetary systems is having some serious negative outcomes, since we ve largely handed it over to the global financial system, which has lead us into a serious credit/debt trap, which is now causing serious instabilities in our global financial systems, and is now highly susceptible to serious shocks, which of course lead us towards 08! from the crash, we have also learned that this digitisation has also showed us that levers of power, such as the troika, can in fact effectively shut off a countries monetary system, if they refuse to meet certain requirements, i.e. greece.....

....so is cash important, fcuk yea!

How would the same logic not apply to cash through ATM and lodgement fees?

After they lodge it into the business account (that they pay monthly fees on). The amount of B2B transactions paid out of the till are negligible.

Except things like processing fees, Lodgements, Withdrawals would all be under a different section in the accounts (And would be factored into the price)

What above board businesses are not depositing money?

Grand, you were able to regulate with cash, But theirs many a lad who spent the weeks wages or hit an extra 0 on the drinklink, Drunk tapping is just the newest way of doing it.

Digitalisation of cash didn't really have much to do with the causes of the 2008 systemic crisis.

The current system is a much more resistant to shocks than it was in 2007/2008. Not to say it's completely fail-safe (nothing is), but that there are better shock absorbers, early warning systems, better understanding of complex financial instruments, far safer credit systems, far better collateral rating systems, generally better capital requirements and so on and so on.

Comparing 2007 to now is like comparing air travel security pre-911 to now. Not 100% safe, but a lot better than it was before.

I intend to always keep cash as a **** you to the sanctimonious, pompous, interfering **** who constantly preach about its evils.

They always have something to say about how others live their lives, **** the lot of them.

I have experienced both sides of cash n card delays at the till. Most recently at the off-license where this paritcular individual took over 15 minutes to conduct his transaction. Time after time the transaction would not complete, insisting the problem is the card machine, the elderly gentleman behind the counter was not entering the details correctly, then bashing the internet connections in this bog of town a and stone age time. Eventually he was asked to step aside and allow me to pay with my exact change. Continued to mutter and and complain until he eventually realised after checking his bank balance that there were not funds in that particular card account. Used another card and presto. At least he admitted it, tho still was some scene, some eejit!

And yes, have seen some sorting thru purses, wallets, bags, pockets to find the money to pay in cash.

I suppose cash gives a sense of independence and privacy.

The cash vs. card debate doesn't bother me much but it is a somewhat grim thought that if someone flipped the switch on digital banking/currency this minute I'd only have about €300 to my name.

you d be living in cloud cuckoo land if you think we re in a far safer place than 08, with central banks globally deciding the best way to tackle primarily supply side lead inflation, is to raise rates, and qt, do you really think this is gonna end well, seriously!

again, the majority of the money supply comes from our global financial system, in the form of credit, and the majority of that is in digital format, this has been the case for decades now, pre 08! oh and central banks are still largely refusing to accept this reality!

keep a very close eye on global financial markets over the coming months, with many markets starting to already show serious strain!

If you think somebody who's slow to pay with cash is slow waiting until you'll see how slow they are to put in a pin.

That's basically it. Of course the pound has been around for centuries, but it's now backed by government which gives us control over our monetary policy rather than sailing rudderless dependent on a volatile rare earth ore, in a system which sucked for economic growth, which everyone ditched.

Almost all currencies and financial assets are now created digitally - literally just numbers on a machine.

The same is true of cash though. If a business repeatedly lodges 50, it will be completely eaten by fees as well.

Transaction charges are not a phenomenon unique to electronic payments

I'm sorry, but they can't avoid the expense. On the consumer side dealing in cash primarily involves having sums of cash to hand and/or using ATMs frequently. Having large sums of cash on hand carries risk which has a cost and using ATMs frequently has transaction charges, not mentioning the time wasted on these activities.

For the business, they need to have the equipment, people and processes to handle cash. They need to carry the risk of having cash on premises, they need to maintain a float and they need to pay banks for cash services. When you add up all the time and effort it takes to manage cash, it is much more inefficient than epayments. That's why the rush is to cashless - it's easier for all involved.

The only true benefit of cash is the privacy it affords and a means of simple exchange for those that do not have the volume to have an epayments system. These are legitimate benefits but it is by no means cheaper than epayments. Even with transaction fees.