Demand and Use Cash to help your local economies!

[Sapiens]

Demand and use cash to help your local economies, the use of debit or credit cards slows down the currency flow (velocity) in your local economy in a credit contraction.

Help yourself while you help others, use and demand CASH in this economic contraction!

[stanley2008]

Re: Demand and Use Cash to help your local economies!

Demand and use cash to help your local economies, the use of debit or credit cards slows down the currency flow (velocity) in your local economy in a credit contraction.

Help yourself while you help others, use and demand CASH in this economic contraction!

I don't know why I am responding to this, but here goes:

Using cash will not help me at all! It will even create work for me!

Using Visa get's me travel points, so I get to take long haul flights in business class - something I would never want to pay for, but as a travel bonus, it works out very well. Flying business class for only 15% - 20% more travel points is a really great deal, and you get that through an aeroplan visa. So if you spend $100K on your Visa you have enough for a business class trip to Europe or Asia. If you spend $80K you'd have enough for the same trip in Economy. Cashwise, the economy ticket is $1200.00 and Business could be $4000.00 - particularly on short notice! So I have a big incentive to keep using Visa and so do you - just get the right card.

I pay the visa balance in full every month without fail - always have - always will.

It saves me time doing the books, since it's not totally essential to save receipts if my book keeper can find it in the monthly visa statement.

I don't get short changed when I use Visa - a common ripoff when you use cash.

Lastly, I don't drop coins in the gutter, and probably don't lose as many $20.00 bills in the wind as the typical cash only guy.

So what was that about telling everyone to use cash to help their local economy? I don't get it.

In my opinion, using cash is not wise at all.

[aaron]

Re: Demand and Use Cash to help your local economies!

I don't know why I am responding to this, but here goes:

Using cash will not help me at all! It will even create work for me!

Using Visa get's me travel points, so I get to take long haul flights in business class - something I would never want to pay for, but as a travel bonus, it works out very well. Flying business class for only 15% - 20% more travel points is a really great deal, and you get that through an aeroplan visa. So if you spend $100K on your Visa you have enough for a business class trip to Europe or Asia. If you spend $80K you'd have enough for the same trip in Economy. Cashwise, the economy ticket is $1200.00 and Business could be $4000.00 - particularly on short notice! So I have a big incentive to keep using Visa and so do you - just get the right card.

I pay the visa balance in full every month without fail - always have - always will.

It saves me time doing the books, since it's not totally essential to save receipts if my book keeper can find it in the monthly visa statement.

I don't get short changed when I use Visa - a common ripoff when you use cash.

Lastly, I don't drop coins in the gutter, and probably don't lose as many $20.00 bills in the wind as the typical cash only guy.

So what was that about telling everyone to use cash to help their local economy? I don't get it.

In my opinion, using cash is not wise at all.

There is something to be said for not adding fuel to FIRE. Of course they make it a "great" deal for you. But you are feeding the beast.

Using cash may be a bit of a sacrifice, but it is the right thing to do.

[stanley2008]

Re: Demand and Use Cash to help your local economies!

There is something to be said for not adding fuel to FIRE. Of course they make it a "great" deal for you. But you are feeding the beast.

Using cash may be a bit of a sacrifice, but it is the right thing to do.

That may be true, but economic morality is not strong with me these days. My expenditures would be a drop in the bucket, so why bother?

I try to minimize my carbon footprint, and feel better about that cause, and it still probably doesn't make a difference in global warming either for all I know.

But I'd rather fight hard for a green planet any day of the week, pushing for electric cars, and nuclear power, than try to tell people to use cash only to save . . . umm what is it we are trying to save by using cash again?

Sorry if I sound irreverent, it's just that all these Visa threads are just silly to me.

I agree that banksters are evil and so forth, but it does not empower me to think that I could and ought to be using cash to rebel.

[ricket]

Re: Demand and Use Cash to help your local economies!

I agree that banksters are evil and so forth, but it does not empower me to think that I could and ought to be using cash to rebel.

Do you at least keep *some* cash as a standby in a secure location (either at home or somewhere else)?

What happens in an emergency situation and you are not able to get money out of the bank? Internet failure (eg DNS vulnerability), power outage, terrorist attack, dollar devaluation that leads to a bank run?

You risk sacrificing your entire livelihood by not hedging your bets against unforeseen situations.

[touchring]

Re: Demand and Use Cash to help your local economies!

Do you at least keep *some* cash as a standby in a secure location (either at home or somewhere else)?

What happens in an emergency situation and you are not able to get money out of the bank? Internet failure (eg DNS vulnerability), power outage, terrorist attack, dollar devaluation that leads to a bank run?

You risk sacrificing your entire livelihood by not hedging your bets against unforeseen situations.

I'm 90% cash, lasts 6 years on zero income.

[iyamwutiam]

Re: Demand and Use Cash to help your local economies!

I don't know why I am responding to this, but here goes:

Using cash will not help me at all! It will even create work for me!

Using Visa get's me travel points, so I get to take long haul flights in business class - something I would never want to pay for, but as a travel bonus, it works out very well. Flying business class for only 15% - 20% more travel points is a really great deal, and you get that through an aeroplan visa. So if you spend $100K on your Visa you have enough for a business class trip to Europe or Asia. If you spend $80K you'd have enough for the same trip in Economy. Cashwise, the economy ticket is $1200.00 and Business could be $4000.00 - particularly on short notice! So I have a big incentive to keep using Visa and so do you - just get the right card.

I pay the visa balance in full every month without fail - always have - always will.

It saves me time doing the books, since it's not totally essential to save receipts if my book keeper can find it in the monthly visa statement.

I don't get short changed when I use Visa - a common ripoff when you use cash.

Lastly, I don't drop coins in the gutter, and probably don't lose as many $20.00 bills in the wind as the typical cash only guy.

So what was that about telling everyone to use cash to help their local economy? I don't get it.

In my opinion, using cash is not wise at all.

Your frequent flier miles, upgrades etc is digressive at best. The point is -that the circulation of currency is much faster at the local level when it is in cash. This benefits the community- a concept that frequent flier miles are meant to distract you from.

In addition -I feel almost compelled to go to some cash - because I don't believe that every transaction requires a pursuit for 'free' since nothing is free. A $100K in expenditures on business a year. Great -and U quibble about an upgrade vost. It is precisely this mentality that leads to more inequity simply because of the spreading of this myopic viewpoint.

Chasing the 'free' / bonus etc that is never free -and is designed to fracture the potential lines of unity that makes the public so powerful in its enforcement of the 'general' good. With out this -we are bound to be dwell in the permanent perspective of elitism and we have seen how that worked out everywhere before including Europe.

I mean -how many examples of the ultimate form of capitalism (seen ironically in third world countries) do we need to see before we take up the perspective of Scandinavian countries -who ironically have the LEAST debt levels in the developed world -compared to uber capitalist countries like Italy/England.