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Re: 2020 Potential Economic Collapse

Posted: Fri May 22, 2020 6:36 pm
by omega man
Thanks guys for putting that in layman's terms, that is exactly what I need in that particular field. Going back to the push towards a cashless society, today on the wireless (R2) they reported 1 in every 3 pounds is being spent online during lock down in the UK.

OM

Re: 2020 Potential Economic Collapse

Posted: Sat May 23, 2020 12:14 pm
by Arwen Thebard
How much cash to hold is a judgement call, as is when that cash might loose its necessity or usefulness. I imagine waking up one morning and my cash stash is useless as I didnt get rid of it in time.

Re: 2020 Potential Economic Collapse

Posted: Sat May 23, 2020 2:24 pm
by jansman
Arwen Thebard wrote:
Sat May 23, 2020 12:14 pm
How much cash to hold is a judgement call, as is when that cash might loose its necessity or usefulness. I imagine waking up one morning and my cash stash is useless as I didnt get rid of it in time.
It’s not a situation I will worry about right now. IF the country went cashless, notice would have to be given. I am led to believe that there are a million Or so people or so in the UK with no bank account. They use cash, and government are aware.

I am just back from a very busy day at work. We have taken a lot of cash today - more than usual. The reason being, our internet has been playing up, and this affected our card machines on and off from 6am to 11. We asked for cash, or directed them to the cash point next door. So because of the humble bank note, we kept raking it in!
https://www.goodhousekeeping.com/uk/con ... s-society/

The above is a nicely balanced link on the subject

Re: 2020 Potential Economic Collapse

Posted: Sat May 23, 2020 9:17 pm
by Stonecarver
There hasnt been much discussion about how we are going to pay for all this money being spent during the pandemic. Just managed to escape Austerity after 10 years and back into a deeper Austerity for 20. Who can concieve of what would be cut now and what would skyrocket.

Re: 2020 Potential Economic Collapse

Posted: Sun May 24, 2020 8:18 am
by omega man
It seems the virus pandemic as been manipulated (exaggerated?) to ensure our further enslavement through debt. No surprise since the monetary system has debt at its foundation.

OM