Australian (ASX) Stock Market Forum

Cashless society

A group of 4 or 5 kids aged about 9 and 10 set up a little business in the front yard across the road.

They got together and made a bunch of fridge magnets, letters of the alphabet, flowers, birds, and put up a sign $2.

As neighbours and walkers came past, they would call out "want to buy a gift?" My wife spent $10, and later on, my daughters partner another $10.

Not only did the kids make some pocket money, but they also produced items that people wanted, and they had discussions with people on the street instead of being stuck in front of the TV or a game console.

I wonder how this entrepreneurial exercise would have eventuated with a cashless society.
 
A group of 4 or 5 kids aged about 9 and 10 set up a little business in the front yard across the road.

They got together and made a bunch of fridge magnets, letters of the alphabet, flowers, birds, and put up a sign $2.

As neighbours and walkers came past, they would call out "want to buy a gift?" My wife spent $10, and later on, my daughters partner another $10.

Not only did the kids make some pocket money, but they also produced items that people wanted, and they had discussions with people on the street instead of being stuck in front of the TV or a game console.

I wonder how this entrepreneurial exercise would have eventuated with a cashless society.
@JohnDe Perhaps a bright future for these enterprising tykes.
 

Speaking at a parliamentary grilling in Canberra RBA governor Michele Bullock says cash won’t be around much longer.

“At the moment, we’re trying to solve the short-term issue, to make sure the cash is available … that people can use it, that people can access it,” she said.

“But we’ve got to think that cash is going to be around probably for another 10 years, and we’ve got to find a way of moving to a new system that means that distribution of cash can be undertaken and viable.”
 

Speaking at a parliamentary grilling in Canberra RBA governor Michele Bullock says cash won’t be around much longer.

“At the moment, we’re trying to solve the short-term issue, to make sure the cash is available … that people can use it, that people can access it,” she said.

“But we’ve got to think that cash is going to be around probably for another 10 years, and we’ve got to find a way of moving to a new system that means that distribution of cash can be undertaken and viable.”
so the internet will be reliable by then ( and you won't keep upgrading the networks with new tech and data-loads )

pig's a*se you will it will be a cluster-clown show .. you can't even predict inflation OR the weather
 
so the internet will be reliable by then ( and you won't keep upgrading the networks with new tech and data-loads )

pig's a*se you will it will be a cluster-clown show .. you can't even predict inflation OR the weather
Perhaps when these so called monetary gurus start to move into the real world of everyday folk then perhaps they can be taken seriously.
 
Perhaps when these so called monetary gurus start to move into the real world of everyday folk then perhaps they can be taken seriously.
less than ten miles from the farm is a black spot .. ONLY SOS calls for part of it and then NO mobile signal AND the farm is less than 100 miles from Amberley air base less than 20 miles from a major inland city , and 3 miles from a major trucking route

even the pub has multiple strategies to deal electronically if the power is down ( despite having solar AND a generator ) because the NBN and wireless connectivity is .. unreliable , and apparently Star-link has sold all the available slots in the area
 
Top