?50.00 notes being phased out. ???

[BrandNewGuy]

Going cashless means you can't stash your money under the mattress. In a time of negative real interest rates, putting some of your savings into physical cash is not necessarily a crazy thing to do. If all your money is in the digital realm it is all traceable, taxable and, in the event of another financial meltdown, bail-in-able. I'm not suggesting that's the masterplan, but it's intriguing how many governments around the world have started a 'war' on cash.

[binkylilyput]

I love a nifty, makes me feel exuberant and important

[BrandNewGuy]

" India's small businesses facing 'apocalypse' amid biggest financial experiment in history

Demonetisation revolution hits firms and workers as cash runs out, but now they are braced for the next stage ? making all salary payments digital"

https://www.theguardian.com/world/2016/dec/21/indian-businesses-demonetisation-apocalypse-biggest-financial-experiment-in-history

[rendelharris]

BrandNewGuy Wrote:

-------------------------------------------------------

> Going cashless means you can't stash your money

> under the mattress. In a time of negative real

> interest rates, putting some of your savings into

> physical cash is not necessarily a crazy thing to

> do. If all your money is in the digital realm it

> is all traceable, taxable and, in the event of

> another financial meltdown, bail-in-able. I'm not

> suggesting that's the masterplan, but it's

> intriguing how many governments around the world

> have started a 'war' on cash.

See Margaret Atwood's Handmaid's Tale - all women instantly disempowered by cutting off their card access.

[DulwichFox]

There is a new store at Surrey Quays that took over the BHS site.

It's a brilliant store called Range.. A bit like HomeBase ... It is very Cheap.

https://www.therange.co.uk

They have notices up at the tills. 'WE DO NOT ACCEPT ?50.00 NOTES'

Getting harder to find anyone who does.

Dulwichfox

[TheArtfulDogger]

That's the problem with a poundland type diy store, you have to buy loads of stuff just to get to ?50

Still not seen any evidence that ?50s will be withdrawn, just speculation (.even in the radio clip from above) but no confirmation from the bank of England

I for one wouldn't like to go cashless as it means banks and other organisations have far too much information about you, your spending habits and can you imagine the chaos when you want to use a card to buy a penny chew ..

If you have watched the to show mr robot, if we are all cashless and cyber terrorists hit the card companies (as in the show against e-Corp ) then how will anything occur if no one has cash in their back pocket... And as we know life often follows fiction.

Oh and foxy, it's not fox bashing , it was simply a case of getting to the truth about your statement

[jaywalker]

What Artful said.

For scholarly, sober and terrifying analysis see the very recent book by Gary Marx: Windows into the Soul

[DulwichFox]

TheArtfulDogger Wrote:

-------------------------------------------------------

> That's the problem with a poundland type diy

> store, you have to buy loads of stuff just to get

> to ?50

>

> Still not seen any evidence that ?50s will be

> withdrawn, just speculation (.even in the radio

> clip from above) but no confirmation from the bank

> of England

>

Its not exactly a Pound Land DIY.. It sells High grade Dulux Paint. Power tools.. Curtains..

Christmas ornaments lights at ?100+ a pop. So you could easily clock up ?50.

So sorry Artfull. You are wrong again.

As for conformation from the Bank of England. ?

Well they did not produce any new ?50 notes last year. and there is no date for Polymer ?50's to be made.

Writing on the wall to me. People I speak to do not like them. But then I feel you just like to have a row.

Foxy.

[TheArtfulDogger]

Dogger Lays out fox lure and waits for Mangy old fox to bite before reeling in

Smug smile of satisfaction watching a fox squirm after making a bold but speculative statement in his origional post that fox can't validate with solid facts regarding the withdrawal of fifty pound note

Dogger takes down Christmas stocking from mantelpiece as he has the perfect gift now 😏

Thanks Santa