The War On Paper Currency Officially Begins: ECB Ends Production/Issuance Of EU500 Bill

They have ended the production of an unpopular banknote. It happens all the time. I think calling it a war on paper currency is a bit of an exaggeration.
 
The bigger picture. Maybe the talk of a cash less society is just that? Talk. Or maybe the thought of one doesn't really bother you?

Supposedly there were some in the UK who regretted voting for Brexit .... "because they never thought it would actually pass".

Never say never.
 
SunTrader said:
The bigger picture. Maybe the talk of a cash less society is just that? Talk. Or maybe the thought of one doesn't really bother you?

Supposedly there were some in the UK who regretted voting for Brexit .... "because they never thought it would actually pass".

Never say never.
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Total non-sequitur between a brexit vote and if the removal of the 500 Euro bill means there's a vast conspiracy to eliminate cash. And no, it doesn't really bother me. Less than 1% of my spending is in cash and if I could eliminate that I would.
 
i960 said:
I think I've found the millennial. Did you read the articles?
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Solid gen-x actually. Millennials are all lazy and wouldn't have read the article, though right? Nice job on the stereotype. Kids these days, dammit get off my lawn!
I did read the article; to do a little of my own stereotyping it was typical breathless end of the world hyperbole that I typically see out of zerohedge. A poster directly asked if the thought of a cash-less society didn't bother me and I replied that it didn't. Since I don't buy into the zerohedge conspiracy idiocy and don't use cash myself, it wouldn't bother me.
I will tell you what bothers me though, someone who judges an entire generation they can't be bothered to get to know as individuals and is so hung up on it that they have to bring their negative viewpoint into a discussion on the elimination of the 500 Euro bill!
 
Sig said:
Total non-sequitur between a brexit vote and if the removal of the 500 Euro bill means there's a vast conspiracy to eliminate cash. And no, it doesn't really bother me. Less than 1% of my spending is in cash and if I could eliminate that I would.
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You missed my point entirely.

And your last sentence makes your point obvious.

You like paying others the "vig". I don't.
 
SunTrader said:
You missed my point entirely.

And your last sentence makes your point obvious.

You like paying others the "vig". I don't.
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I have to pay the "vig" how exactly? There's not many places anywhere near where I want to be that you pay less in cash than putting it on a card. I maximize reward cards and never carry a balance, so I get back more from the cc companies than the merchant pays in merchant fees. Essentially you pay the same price in cash as I pay on my card 99% of the time and I get cash back that averages just under 2%. You're subsidizing me my friend, it's you who's paying the "vig" if anyone is.
 
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