Economy

DemReadingDU

(16,002 posts)

35. Well, we are 'forced' to enable the bank system by auto-deposits of paychecks, ss checks, etc.

Fri Feb 10, 2012, 09:57 AM

Feb 2012

And technology has made it easy to continue to enable the bank system via auto-payments of bills.

And some people seem to believe that we are going to a totally electronic system of money, no cash.

If this becomes true, we will never be able to stop enabling the bank system....unless we have nothing.

Is this where the Greek people are heading...to nothing?

Is this the model for other countries that will default?

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

70 replies

= new reply since forum marked as read

Highlight:

STOCK MARKET WATCH -- Friday, 10 February 2012 [View all] Tansy_Gold Feb 2012 OP

A Truer Cartoon Was Never Penned Demeter Feb 2012 #1

It was the very first one I saw, and sooooo accurate Tansy_Gold Feb 2012 #3

great toon! DemReadingDU Feb 2012 #15

The Top Twelve Reasons Why You Should Hate the Mortgage Settlement Demeter Feb 2012 #2

YVES SMITH'S CONCLUSION Demeter Feb 2012 #4

How much more do the banks want from us people? DemReadingDU Feb 2012 #16

They will take until. . .. Tansy_Gold Feb 2012 #21

Well, we are 'forced' to enable the bank system by auto-deposits of paychecks, ss checks, etc. DemReadingDU Feb 2012 #35

Oh, I understand that. Tansy_Gold Feb 2012 #39

I had to chase a couple of them away from my sofa cushions just yesterday. tclambert Feb 2012 #65

The less-than 4% solution. Loge23 Feb 2012 #52

"You never settle before investigating... " Roland99 Feb 2012 #54

Janet Napolitano Personifies US Myopia Demeter Feb 2012 #5

Does she means she's against pirates? tclambert Feb 2012 #67

It's Well Past Time for Plan Z Demeter Feb 2012 #6

Watchdogs to drag shadow banks into the light (IT'S A FAIRY TALE FOR OUR TIMES) Demeter Feb 2012 #7

Bernanke Holds to 2014 Low-Rate Pledge Even as Unemployment Rate Declines Demeter Feb 2012 #8

Schneiderman's settlement sucks -- and we're not afraid to say so. Demeter Feb 2012 #9

Bailed-Out Banks Won't Create Jobs: What Next? Demeter Feb 2012 #13

It's about saving themselves, they really don't care about us people DemReadingDU Feb 2012 #17

They cannot save themselves by continuing their crimes Demeter Feb 2012 #33

It doesn't appear anything has really changed DemReadingDU Feb 2012 #38

Exactly, only worse Demeter Feb 2012 #40

yeh, it is DemReadingDU Feb 2012 #42

Reading your post about an alcohlic drinking themselves to death ..... Hotler Feb 2012 #55

Housing deal set to boost US economy Demeter Feb 2012 #31

a little music to accompany the 'settlement'... xchrom Feb 2012 #10

Chrom, who does that song? Sounds like the Young Cannibals. n/t Hotler Feb 2012 #62

That's the GAP band. xchrom Feb 2012 #63

mornings are so rude... xchrom Feb 2012 #11

Why do you hate mornings? Tansy_Gold Feb 2012 #36

i'm grumpy and SLEEPY. xchrom Feb 2012 #37

I've become more grumpy DemReadingDU Feb 2012 #41

More gumpy, more distrustful, more aloof Tansy_Gold Feb 2012 #49

Why Should You? Trusting No One is Learning From Experience Demeter Feb 2012 #56

+1, I let very, very few get close to me anymore. n/t Hotler Feb 2012 #61

China tangled up in industrial espionage xchrom Feb 2012 #12

India signals long-term partnership with Iran xchrom Feb 2012 #14

Tie U.S. Recovery Program to Economic Indicators: Peter Orszag Demeter Feb 2012 #18

U.S. futures lower with Greece, data in focus xchrom Feb 2012 #19

Foreclosures to Climb Before Bank Deal Helps U.S. Housing Market xchrom Feb 2012 #20

Why the Foreclosure Deal May Not Be So Hot After All xchrom Feb 2012 #25

Fed Plays Wall Street Favorites in Secret Deals xchrom Feb 2012 #22

iEmpire: Apple's Sordid Business Practices Are Even Worse Than You Think Demeter Feb 2012 #23

So what are you going to believe? hay rick Feb 2012 #53

Guess Demeter Feb 2012 #58

Chinese imports fall sharply in January Demeter Feb 2012 #24

Chinese inflation jumps in 4.5% Demeter Feb 2012 #27

Wukan challenges party line on democracy Demeter Feb 2012 #32

Bank of England raises stimulus by �50bn Demeter Feb 2012 #26

Brokers suspended in Libor inquiry Demeter Feb 2012 #28

Probe reveals scale of Libor abuse Demeter Feb 2012 #29

Draghi attacks bankers over ECB fears Demeter Feb 2012 #30

Agreed Upon Greek Bailout "Unagreed" 24 Hours Later As LAOS Leader Changes Mind, Euro Tumbles Roland99 Feb 2012 #34

I think TPTB are planning behind the scenes for the Greek default DemReadingDU Feb 2012 #43

The Global Reset Roland99 Feb 2012 #45

I think you are right DemReading... AnneD Feb 2012 #59

DJIA -100 already. Indexes down about 1%. Oil down nearly 2%. Roland99 Feb 2012 #44

World�s Dumbest Traders Were at Credit Suisse: Jonathan Weil xchrom Feb 2012 #46

Greece strikes as bailout stalls xchrom Feb 2012 #47

LIVE: The Greek Government Is Falling Apart girl gone mad Feb 2012 #60

Ruh-Roh. Nt xchrom Feb 2012 #64

we need rummy is frosted. n/t Tansy_Gold Feb 2012 #66

i haven't seen RIF in a long time. nt xchrom Feb 2012 #68

Banks' reliance on ECB funding falls {ireland} xchrom Feb 2012 #48

video report at link} In Bailing Out Greece, Germans Eye 'Functional, Surviving Euro' xchrom Feb 2012 #50

Core machinery orders plunge 7.1% {japan} xchrom Feb 2012 #51

S&P Downgrades 34 Of 37 Italian Banks DemReadingDU Feb 2012 #57

Greek Cabinet Approves 2nd Loan Pact: Official Roland99 Feb 2012 #69

�The social cost this program implies will be limited compared DemReadingDU Feb 2012 #70