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Thread: The End of Cash

  1. #1

    The End of Cash

    The BBC seems to have taken up the cause, so don't expect it to hang around for much longer.

    Give it a while, and everybody will be saying what a great idea it is

    http://www.bbc.co.uk/programmes/p048lb46?

  2. #2

    Re: The End of Cash

    Hardly ever use cash. But I am ready for them. They wont get me. I have an allotment, so I will survive.

  3. #3

    Re: The End of Cash

    We're all fecked once they eliminate it, and eliminate it they will.

  4. #4
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    Re: The End of Cash

    Quote Originally Posted by Wales-Bales View Post
    The BBC seems to have taken up the cause, so don't expect it to hang around for much longer.

    Give it a while, and everybody will be saying what a great idea it is

    http://www.bbc.co.uk/programmes/p048lb46?
    My guess is we will start to get stories of people doing dodgy deals using cash so they can't trace them blah blah blah, probably involving drugs, nobody wants to buy drugs with a debit card
    'It's easier to fool people than to convince them that they have been fooled'

  5. #5

    Re: The End of Cash

    About time.

  6. #6
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    Re: The End of Cash

    Quote Originally Posted by TruBlue View Post
    About time.
    'It's easier to fool people than to convince them that they have been fooled'

  7. #7

    Re: The End of Cash

    Quote Originally Posted by Mrs Steve R View Post
    My guess is we will start to get stories of people doing dodgy deals using cash so they can't trace them blah blah blah, probably involving drugs, nobody wants to buy drugs with a debit card
    Wot, no mention of weapons of mass destruction assembled from ingredients bought down Splott Market for a fiver? Or the Child Maintenance Service being unable to collar an absent father because he paid cash for drinks down the Wynford after a one-night stand?

  8. #8

    Re: The End of Cash

    Quote Originally Posted by TruBlue View Post
    About time.
    I hope you enjoy the negative interest rates and bank bail-ins .. IF you manage to survive your looming military service conscription due to the outbreak of WW3

  9. #9
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    Re: The End of Cash

    Quote Originally Posted by Wales-Bales View Post
    Wot, no mention of weapons of mass destruction assembled from ingredients bought down Splott Market for a fiver? Or the Child Maintenance Service being unable to collar an absent father because he paid cash for drinks down the Wynford after a one-night stand?
    I'm sure there will be a few of those too
    'It's easier to fool people than to convince them that they have been fooled'

  10. #10

    Re: The End of Cash

    Quote Originally Posted by Mrs Steve R View Post
    I'm sure there will be a few of those too
    I bet they've already drawn up a list of suspect "benefits", those Behavioural Psychologists in the Nudge Unit don't miss a trick, and they'd probably make a trip to the gas chamber sound appealing

  11. #11
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    Re: The End of Cash

    Quote Originally Posted by Wales-Bales View Post
    I bet they've already drawn up a list of suspect "benefits", those Behavioural Psychologists in the Nudge Unit don't miss a trick, and they'd probably make a trip to the gas chamber sound appealing
    So many solutions, they can't make up the problems for them quick enough.
    'It's easier to fool people than to convince them that they have been fooled'

  12. #12

    Re: The End of Cash

    Quote Originally Posted by Mrs Steve R View Post
    So many solutions, they can't make up the problems for them quick enough.

  13. #13
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    Re: The End of Cash

    Quote Originally Posted by Wales-Bales View Post
    What's that grin for?
    'It's easier to fool people than to convince them that they have been fooled'

  14. #14

    Re: The End of Cash

    Quote Originally Posted by Wales-Bales View Post
    I hope you enjoy the negative interest rates and bank bail-ins .. IF you manage to survive your looming military service conscription due to the outbreak of WW3
    John Kerry threatens to cut off all US contact with Russia over Syria - http://metro.co.uk/2016/09/28/us-thr...syria-6158567/

    The Yanks and their compliant media are becoming desperate to stop ISIS & co from being obliterated in Allepo, but the Russians won't back down.

    I must say I have a certain admiration for our TruBlue. With each passing day his call-up papers dropping through the letter box draws nearer. I daresay when he's soaking wet and up to his chest in mud in a forward trench he'll endure the hardship with stoicism.


  15. #15
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    Re: The End of Cash

    Quote Originally Posted by Organ Morgan. View Post
    John Kerry threatens to cut off all US contact with Russia over Syria - http://metro.co.uk/2016/09/28/us-thr...syria-6158567/

    The Yanks and their compliant media are becoming desperate to stop ISIS & co from being obliterated in Allepo, but the Russians won't back down.

    I must say I have a certain admiration for our TruBlue. With each passing day his call-up papers dropping through the letter box draws nearer. I daresay when he's soaking wet and up to his chest in mud in a forward trench he'll endure the hardship with stoicism.

    He's too old for that isn't he?
    'It's easier to fool people than to convince them that they have been fooled'

  16. #16

    Re: The End of Cash

    Quote Originally Posted by Mrs Steve R View Post
    He's too old for that isn't he?
    Will you be volunteering to take his place Mrs R?


  17. #17
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    Re: The End of Cash

    Quote Originally Posted by Splott David View Post
    Will you be volunteering to take his place Mrs R?

    I belong in the kitchen, you know that David.
    'It's easier to fool people than to convince them that they have been fooled'

  18. #18

    Re: The End of Cash

    Quote Originally Posted by Mrs Steve R View Post
    I belong in the kitchen, you know that David.
    You're amazing. Being able to multi-task between sitting on a fence and working in a kitchen at one and the same time.

    A girl of many talents...


  19. #19

    Re: The End of Cash

    Quote Originally Posted by Mrs Steve R View Post
    He's too old for that isn't he?
    I'll be there fighting the treasonous bastards in The Prince of Wales.

  20. #20
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    Re: The End of Cash

    Quote Originally Posted by Splott David View Post
    You're amazing. Being able to multi-task between sitting on a fence and working in a kitchen at one and the same time.

    A girl of many talents...

    I can think for myself too that's 3 things, that fence thing bothers you doesn't it?

    Quote Originally Posted by TruBlue View Post
    I'll be there fighting the treasonous bastards in The Prince of Wales.
    'It's easier to fool people than to convince them that they have been fooled'

  21. #21

    Re: The End of Cash

    Quote Originally Posted by Wales-Bales View Post
    The BBC seems to have taken up the cause, so don't expect it to hang around for much longer.

    Give it a while, and everybody will be saying what a great idea it is

    http://www.bbc.co.uk/programmes/p048lb46?
    Who, Bill Cash ?

  22. #22

  23. #23

    Re: The End of Cash

    Hot off the presses. Something big is in the wind, boys. Prepare accordingly.

    Thursday 29 September 2016 6:34pm

    Deutsche Bank US share price plunges after reports suggest funds have lost faith in the lender - http://www.cityam.com/250415/deutsch...eports-suggest

  24. #24

    Re: The End of Cash

    Quote Originally Posted by Organ Morgan. View Post
    Hot off the presses. Something big is in the wind, boys. Prepare accordingly.

    Thursday 29 September 2016 6:34pm

    Deutsche Bank US share price plunges after reports suggest funds have lost faith in the lender - http://www.cityam.com/250415/deutsch...eports-suggest
    Wow. It truly is the end of the world.

    The Vietnam war.
    JFK.
    Falklands.
    9/11.
    Iraq.
    Splott Dai getting shot in the arse.

    Some German banks share price falling is right up there.

    Women and children first.

  25. #25

    Re: The End of Cash

    None of the events you mentioned caused panic in any UK streets.

    Think contagion, counterparties and dominos falling. Their derivatives book's value is similar to the entire world's GDP and 20 times that of Germany, Europe's biggest and most successful economy. The bank dwarfs Lehman Brothers in size and importance. It going down could make 2008 and everything that followed seem like nothing important. That's why Christine Lagarde, the IMF boss, described it as the world's most dangerous bank.

  26. #26
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    Re: The End of Cash

    Quote Originally Posted by Organ Morgan. View Post
    Hot off the presses. Something big is in the wind, boys. Prepare accordingly.

    Thursday 29 September 2016 6:34pm

    Deutsche Bank US share price plunges after reports suggest funds have lost faith in the lender - http://www.cityam.com/250415/deutsch...eports-suggest
    You heard much about this? I've only heard bad stuff, I don't really know enough about it to know if it's a bad thing or not.

    I hope ICANN doesn't turn in to ICAN'T

    US Relinquishes Control of Internet Naming System Oct. 1
    http://uk.pcmag.com/internet-product...g-system-oct-1
    'It's easier to fool people than to convince them that they have been fooled'

  27. #27

    Re: The End of Cash

    There's something else booked for October 1st - the re-weighting of the SDR (special drawing rights). It's reckoned by those familiar with the dealings that the Chinese renminbi and gold will become part of the basket of currencies. Gold has been bought hand over fist by the Chinese government for years.

  28. #28

    Re: The End of Cash

    Quote Originally Posted by Organ Morgan. View Post
    None of the events you mentioned caused panic in any UK streets.

    Think contagion, counterparties and dominos falling. Their derivatives book's value is similar to the entire world's GDP and 20 times that of Germany, Europe's biggest and most successful economy. The bank dwarfs Lehman Brothers in size and importance. It going down could make 2008 and everything that followed seem like nothing important. That's why Christine Lagarde, the IMF boss, described it as the world's most dangerous bank.
    Just checked out the window. All is quiet in my street.

    Let me know when the looting starts.

    My missus wants a new iPod.

  29. #29

    Re: The End of Cash

    Quote Originally Posted by Organ Morgan. View Post
    None of the events you mentioned caused panic in any UK streets.

    Think contagion, counterparties and dominos falling. Their derivatives book's value is similar to the entire world's GDP and 20 times that of Germany, Europe's biggest and most successful economy. The bank dwarfs Lehman Brothers in size and importance. It going down could make 2008 and everything that followed seem like nothing important. That's why Christine Lagarde, the IMF boss, described it as the world's most dangerous bank.
    so we lose a pizza franchise, big deal
    The path of the righteous man is beset on all sides by the inequities of the selfish and the tyranny of evil men. Blessed is he who, in the name of charity and good will, shepherds the weak through the valley of the darkness. For he is truly his brother's keeper and the finder of lost children. And you will know my name is the Lord when I lay my vengeance upon thee.

  30. #30

    Re: The End of Cash

    The greatest risk is that somewhere in the future hyperinflation occurs. If it is bad enough cash could mirror its intrinsic value, which is precisely nothing because fiat money is backed by nothing except faith. Once confidence goes then even in the Satellite City valleys communities they will know all about it.

  31. #31

    Re: The End of Cash

    Quote Originally Posted by Organ Morgan. View Post
    Think contagion, counterparties and dominos falling. Their derivatives book's value is similar to the entire world's GDP and 20 times that of Germany, Europe's biggest and most successful economy. The bank dwarfs Lehman Brothers in size and importance. It going down could make 2008 and everything that followed seem like nothing important. That's why Christine Lagarde, the IMF boss, described it as the world's most dangerous bank.
    Deutsche Bank fall drags down US stocks

    http://www.bbc.co.uk/news/business-37508394


    Commerzbank plans to cut 9,600 jobs

    http://www.bbc.co.uk/news/business-37505900
    Last edited by Wales-Bales; 29-09-16 at 20:31.

  32. #32

    Re: The End of Cash

    Their share price fell below 10 euros this morning for the first time. Their CEO has jawboned it up to 10.15 during the past hour.

  33. #33

    Re: The End of Cash

    Quote Originally Posted by Organ Morgan. View Post
    Their share price fell below 10 euros this morning for the first time. Their CEO has jawboned it up to 10.15 during the past hour.
    On the plus side we're not all dead yet.

  34. #34

    Re: The End of Cash

    Quote Originally Posted by Organ Morgan. View Post
    Their share price fell below 10 euros this morning for the first time. Their CEO has jawboned it up to 10.15 during the past hour.
    Multiple FT articles this morning have said it really is not as worrying as some have made out.

    Not that they predicted 2008.

  35. #35

    Re: The End of Cash

    Quote Originally Posted by LordKenwyne View Post
    Multiple FT articles this morning have said it really is not as worrying as some have made out.

    Not that they predicted 2008.
    Not only did they fail to predict the 2008 crash, they also said everything was fine right up until it happened

  36. #36

    Re: The End of Cash

    Quote Originally Posted by Dr Lecter View Post
    On the plus side we're not all dead yet.
    How can you joke at a time like this? I don't think you understand. THEIR SHARE PRICE HAS DROPPED BELOW TEN EUROS.

    Briefly.

  37. #37

    Re: The End of Cash

    Quote Originally Posted by lardy View Post
    How can you joke at a time like this? I don't think you understand. THEIR SHARE PRICE HAS DROPPED BELOW TEN EUROS.

    Briefly.
    Only gone up because it was "jawboned".

    https://www.theguardian.com/business...-business-live

    Anyone seen any gangs of people looting out on their streets yet?

  38. #38

    Re: The End of Cash

    Quote Originally Posted by TruBlue View Post
    Only gone up because it was "jawboned".

    https://www.theguardian.com/business...-business-live

    Anyone seen any gangs of people looting out on their streets yet?
    The people are always the last ones to know.

  39. #39

    Re: The End of Cash

    23m ago
    14:03
    No state aid for Deutsche Bank - Eurogroup

    Jeroen Dijsselbloem, the president of the Eurogroup, has told reporters that Deutsche Bank must survive on its own, without state aid, Reuters is reporting.
    Christine Lagarde has spoken!

  40. #40

    Re: The End of Cash

    Quote Originally Posted by Wales-Bales View Post
    Christine Lagarde has spoken!
    The Deutsche Bank head bloke said the other day that they didn't want or need state aid.

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