I would imagine very few Americans carry cash anymore. It's a past custom and becoming more rare every year.

and about half of my transactions, buying or selling are in cash. Real street level capitalism is done with cash.

Of course I never do those activities so probably not aware of it.

Lots of income not being reported, taxes not being paid, and there is a small discount for using cash.
In fact, many small merchants around here will not take credit cards at all.

Which is why France, as an example, is forbidding cash transactions of certain sizes.
France has also banned bank withdrawals of more than 2,000 francs. They started limiting withdrawals at 10,000 francs, have lowered it every few months.

Once a society goes cashless, the Gov. sees and controls all transactions.
and money becomes worthless, essentially.
Tis a Fed bank dream.

Ever watch Minority Report?


Plus, with no money our dollars are actually debt instruments, look at one)
the Gov't/banks can do what it has been doing for some time...creating money out of thin air.
just zeros and ones... binary money.
Just as they "value" derivatives, which are actually future bets, contracts that have no actual cash value until they are put into play.
Yet Bank of America got the Gov't to agree to insure them in FDIC accounts.

I always suspected that anti-Fed paranoia was rooted in some bizarre place that time forgot.

France has banned any transaction over €1,000 Euros from using physical cash.
Spain has already banned cash transactions over €2,500.
Uruguay has banned cash transactions over $5,000

carry cash.

$100 in my wallet or $100 in my checking account.

Do you think both groups live the same lifestyle? They don't.

to have a debit card?

Or sometimes they don't have a bank account so no debit card. Just nothing left over to spend after the monthly bills are paid.

never used one. Seems like a bunch of bullshit.

'Cash is king' anyone saying otherwise has no clue what it is like in the real world imo.

for $100 cash. I would not have accepted a check because I could have been robbed so easily. It enabled me to quickly finish cleaning out my garage and quickly raise a little cash that I need to tide me over right now. I could deposit it in my checking account, but that would require a 15 mile trip to the credit union. Instead, I'll spend it directly at the supermarket and to get my oil&filter changed.

If they (we) are stupid enough to go down that road, I hope communities come up with an alternate system (such as have taken over in Greece) so that we can continue to function as a community on a day-to-day basis.

I discontinued credit cars a dozen years ago.

Everywhere I go I see people still paying with cash.

Not unusual around here, either.

Negative interest rates = deflation.

In a fractional reserve system, banks create money by loaning it to people. Why borrow money when it'll be worth less tomorrow?

No loans=no new money. No new money=no capital to service existing debt.

People are endlessly creative. If banks force negative interest on their depositors while maintaining high interest on their loans, it will spur interest in alternative currencies.

The "tax payers won't ever have to bail out banks again" was pure subterfuge. We'll still have to bail them out, but through bail-ins, such as have taken place in Greece.

The giant Too-Big-To-Jail banksters are on the hook for trillions in derivatives. When they blow, they want our money trapped in the banks for them to confiscate.

It really is that simple. Just look at what they did to Greece. That is the plan for us. Cashless is just the first preparatory step.

Read the last 2 paragraphs of the OP article. That is what it is all about.