Money Money Money

[john m]

Central Bank to stop printing bank notes .

[Jack Meoff]

Only in its Sandyford depot

[mercenary for hire]

Bank of Ireland said the other day they're reducing the number of ATMs.See where this is going lads..

[Rat Catcher]

About time.

[mercenary for hire]

Is this to do with interest rates and inflation or going cashless?Or loads a things.Yesterday the ECB said they weren't gonna be increasing rates anytime soon.

[john m]

Is this to do with interest rates and inflation or going cashless?Or loads a things.Yesterday the ECB said they weren't gonna be increasing rates anytime soon.

No inflation ,no increase in wages so the 100k you owe is still worth 100k inflation destroys the banks assetts reduces the stress on you to pay .Its a game Merc the old monetary system has failed the new one is to control the penny in your pocket and tax every bit of it .I asked a girl how much money she earned a week she said 380 I asked does your boss hand it to you in an envelope with a wage slip .She said no its paid into her bank .I asked so you do not get cash you get points on a card if you want any cash you have to go to a hole in the wall and pay to convert your work points into cash and pay the bank for the transaction .She got out of the taxi at the end of her journey and said thats on my account .In ten years or less you wont be able to spend an untaxed cent .

[Rat Catcher]

Interest rates will decrease over the next 3 years.... probably.

[john m]

Interest rates will decrease over the next 3 years.... probably.

Why control inflation there is no need to increase interest rates .Easy to control wage inflation if you import cheap workers .Germans are threatening to withdraw the Mini and BMW plants from the UK after Brexit they were going to do that any way now they have a million young imports to work in their plants .

[silverbullet]

I believe you "Have your money made" so why worry?

[The Liffey Lip]

Interest rates will decrease over the next 3 years.... probably.

Why control inflation there is no need to increase interest rates .Easy to control wage inflation if you import cheap workers .Germans are threatening to withdraw the Mini and BMW plants from the UK after Brexit they were going to do that any way now they have a million young imports to work in their plants .

4th Reich's time is now, and job is nearly done. Better to die on your feet than live on your knees etc etc............

[watty]

https://www.bbc.com/news/business-46596154 (Dec 2018)

Report says approx 12% in the UK would struggle in a cashless society.  Presumably the same would apply here?  Maybe even moreso if we have a larger rural population?

The UK risks "sleepwalking" into becoming a cashless society with millions of people disadvantaged as a result, a study has concluded.

Banknotes and coins are a necessity for eight million people, according to the Access to Cash study.

The report, authored by ex-financial ombudsman Natalie Ceeney, said a cash-free society would create problems for those in debt or living in rural areas.

Last year, debit cards overtook cash as the UK's most popular payment method.

[Rat Catcher]

There seems to be a lot of ATM robberies of late, particularly in rural areas... I think another one was removed from a wall in Cavan this weekend. These types of robberies cause extensive damage... in one case a vehicle practically demolished a newly refurbished filling station in Donabate for the sake of a few hundred notes.

Would a cashless society eliminate a lot of crime and related insurance expense or merely redirect the criminals' attention to stock in trade and other property?

[silverbullet]

There seems to be a lot of ATM robberies of late, particularly in rural areas... I think another one was removed from a wall in Cavan this weekend. These types of robberies cause extensive damage... in one case a vehicle practically demolished a newly refurbished filling station in Donabate for the sake of a few hundred notes.

Would a cashless society eliminate a lot of crime and related insurance expense or merely redirect the criminals' attention to stock in trade and other property?

An actual Hole in the Wall if you Will!!

[Shallowhal]

There seems to be a lot of ATM robberies of late, particularly in rural areas... I think another one was removed from a wall in Cavan this weekend. These types of robberies cause extensive damage... in one case a vehicle practically demolished a newly refurbished filling station in Donabate for the sake of a few hundred notes.

Would a cashless society eliminate a lot of crime and related insurance expense or merely redirect the criminals' attention to stock in trade and other property?

Maybe these thieves are just helping the banks in their quest to reduce the number of ATM's.

[The Liffey Lip]

Continuity scum....or the Loyalists ensuring the need for a hard border........