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Re: Bank branch closures and the cashless society
Quote:
Originally Posted by Anonymouse
I hate to sound cynical, but there's one section of society who will support holding onto cash: the criminal fraternity, because it's pretty much untraceable (unless you lightly irradiate the bills or something). I seldom use it nowadays...and I'm nearly 58. I bank online through laptop, tablet or phone.
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True, the problem them comes is do you trust the government (future) not to declare you a criminal and freeze your assets. This could be deliberate because you are a member of a group they now describe as "undesirable" or by mistake or some malicious act or some criminal act. At least with cash available you may be able to live for a while until any error can be corrected.
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