Is Switzerland About To Become First Country To Outlaw A Cashless Society? https://www.zerohedge.com/personal-finance/switzerland-about-become-first-country-outlaw-cashless-society
...a Swiss pressure group with libertarian leanings called the Swiss Freedom Movement (FBS) announced it had collected enough signatures (111,000) to trigger a national vote on preserving cash for posterity.
Nice! I'm somewhat leary of referenda in principle, though. After Covid revealed how many Karens exist in the general population, my trust in the common sense of the common man took a nosedive.
FBS says cash is playing a diminishing role in many economies, including Switzerland, as digital payment methods come to the fore, making it easier for the State and central bank to track citizens’ behavior. ... Forty percent of transactions were still being made using cash, which is also higher than many of Switzerland’s more cashless European neighbors, such as the UK (around 15%), Sweden (less than 10%) and Norway (3-4%, the lowest level of cash usage in the world). But that was down from around 70% three years earlier. What’s more, in terms of transaction value, the debit card recently overtook cash as the payment method with the highest share for non-recurring payments.
So, a key way for us frogs to put the brakes on is for us to keep using cash, as much as possible.
In 2019, a blog post on the IMF’s website, titled “Cashing In: How to Make Negative Interest Rates Work,” based on an IMF staff study, posited setting a dual currency system in which cash would gradually depreciate against e-money, thus allowing the central bank to set “as negative an interest as necessary for countering a recession, without triggering any large-scale substitutions into cash.”
Been hearing talks of "negative interest rates" for awhile now. Massive inflation is another way to erode cash, even when stored in your mattress.
So sorry to hear that. Last week I had the 4 year old and the 10 year old sneezing their heads off. Now my grandkids who live behind me, the 12 year old has a stuffy nose and he acts like he doesn't know how to blow it. I'm like, " Quit sniffling that stuff up in there and blow it out. The sooner you get it out of your nose the sooner you'll get well." I can't stand the sound of a kid snorting that stuff back up in there. EWE!
Omg! So my daughter isn’t the only one snorting her snot back up and into her brain!!? It drives me nuts too! Blow your nose and don’t stop until it’s all out! 🤪🤧😂
Thanks. I forgot I posted that. But on the way to church that was all I kept hearing from the back seat. It gets annoying not to mention sickening.
Most definitely! 🤢😂
Yes!