From ... in Social issues Economics Managed Decline — Oct 11, 2024

Cash – Struggling to Survive

The obliteration of cash continues apace. Frighteningly, the majority of people don’t seem to care.

They have no idea of the problems which will ensue: less privacy, exclusion of many, security risks and de-banking for those who do not toe the party line.

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By Dr. Vernon Coleman

The garage boss brought the Bentley back today after it had been made safe to use.

“You know,” he said, looking at the car admiringly as he spoke. “This might not have been a bad buy.” (Though, he didn’t know what we paid for it.)

I felt very proud on behalf of the car and not a little pleased with myself.

And I had a lovely surprise: the garage owner agreed to let me pay him with a cheque!

When I expressed delight and surprise, he admitted that the bank costs for putting through a cheque would be smaller than they would have been if I had paid the bill with a credit or debit card. I wish more business folk would realise this and go back to accepting cheques in payment.

Meanwhile, the obliteration of cash continues apace. Bank branches are closing everywhere. And cheques are, we are often told, too dangerous to use. After a few people had cheques stolen and altered, those still using them were warned about the dangers. The message was clear: do all your banking online “where there are no crooks at all and everything is safe” (that’s a joke, by the way). Worse still, cheques are sometimes bounced for absolutely no reason at all (even when there is plenty of money in the relevant account) and it is difficult not to assume that this is being done to make cheque writers agree to go online.

Frighteningly, the majority of people don’t seem to care. They love being able to pay their bills with their cards (by waving a card in the air above the card reader) or with their watches. They have no idea of the problems which will ensue. There will be even less privacy, those who don’t have access to the internet or fancy banking accounts will be left out of society; there will be massive security risks, and those who upset the authorities in some way will have their accounts frozen. (This already happens with companies such as PayPal which use their ability to turn accounts “off” as a political weapon). And of course, the whole financial system becomes increasingly vulnerable to attack.

The day we got the car back from the garage we took it for a drive. It was a slightly surreal experience. Some people waved. Some took photographs. I could sense that the car was preening slightly, enjoying itself and delighted to be back in service.

The above is taken from `Old Man in an Old Car’ by Vernon Coleman. To purchase a copy please CLICK HERE.

About the Author

Vernon Coleman MB ChB DSc practised medicine for ten years. He has been a full-time professional author for over 30 years. He is a novelist and campaigning writer and has written many non-fiction books. He has written over 100 books which have been translated into 22 languages. On his website, HERE, there are hundreds of articles which are free to read.

There are no ads, no fees and no requests for donations on Dr. Coleman’s website or videos. He pays for everything through book sales. If you want to help finance his work, please just buy a book – there are over 100 books by Vernon Coleman in print on Amazon.

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