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#and how g4 is going to keep holding it back and refusing to let it be its own thing
perenlop · 1 year
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oh also we watched the mlp g5 movie yesterday and i really liked it tbh ^^ it was very cute and vibrant and all the character designs were pleasing (in fact i really prefer looking at these characters in cgi), and izzy was my favorite, tbh i kinda just love every character kimiko glenn voices
#racism metaphor was very clunky and i cant really say too much on it but like i didnt have much hope that it wouldnt be clunky#so i just focused on the characters and yeah i think theyre all really good ^^#but like. we talked abt this a lot but man i REALLY wish this wasnt in the g4 continuity#not just bc it doesnt make sense but bc conceptually it feels like such an insecure decision#like this world wasnt good enough to warrant being its own thing. it had to be a continuation#even tho the lore and such is clearly different from g4. like i feel like they wanted to make it standalone like the other series#but they panicked and thought ppl wouldnt care if twilight wasnt there. but i feel like all it does is hinder both series#bc no one wanted this to be where g4 ended up and it keeps g5 from doing its own thing bc it has to connect to g4#like im not opposed to the wind creatures (not saying their name) not showing up bc they suck in the first place#but writing wise its weird to not even mention them at all when it was important to the worldbuilding#did the ponies just love being racist that much that they killed the wind creatures??#if it was me and i HAD to make it the same continuity id probably have put this in the past instead of the future#but then we couldnt have ponies on phones ig#or epic g4 references#im gonna try out the show but im like hmmmm bc lex said the show was a lot worse abt this#i swear the movie itself was good and i liked it! but i can see easily see the lost potential#and how g4 is going to keep holding it back and refusing to let it be its own thing#echoed voice
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amphtaminedreams · 3 years
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COVID-19, Negligent Manslaughter, and a Timeline of Tory Indifference
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“I feel sorry for Boris Johnson. He is doing the best he can in the situation and I don’t think anybody else could have done a better job.”
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[exhibit A: a gem somebody that I’m Facebook friends with reposted earlier]
It’s a sentiment that I cannot quite wrap my head around. I sit here hopeless and furious and trying to hold back tears because it’s been almost a year since England first went into lockdown and yet here we are, almost 100,000 dead, in an even worse position than we were before whilst other countries begin to slowly return to normality. It is clear to me who is to blame for this, however there are a large proportion of people who don’t want to “politicise” the actions of the PRIME MINISTER with regards to his approach towards handling a virus sweeping the country he GOVERNS. 
Typically, these kind of posts making the rounds on social media will be accompanied by some kind of photo of Boris Johnson looking somber as if to suggest that the way things have played out were beyond his control and that he is some kind of broken man beleaguered by the suffering he has, despite good intentions, inadvertently caused.
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This one in particular of Johnson with his head in his hands is a staple. In reality, this is a photo taken back in 2018 whilst he was receiving flack from party members for comparing Theresa May to a suicide bomber (for her handling of Brexit, ironically) as well as from the papers due to his rumoured (now also proven, in a completely non-surprising turn of events, to be true) affair with his former aide, Carrie Symonds. 
So let’s shut this narrative-where we should feel for Boris because he’s doing his best, and apparently a better job than anybody else could’ve done in his situation- down right here. In a supposedly developed country with one of the world’s largest economies, if we’re talking by proportion, our COVID-19 death toll is up there with the worst of them. It seems that every other state figurehead (bar a small handful), and I mean almost every single one of them, is doing a better job. People love to throw figures out there about how densely populated we are to combat damning statistics as if we haven’t got just as many factors playing to our advantage, as if it’s unfair to compare our response to Germany’s or Japan’s or Singapore’s (both of which are far more densely populated) or New Zealand’s or Vietnam’s, but we are an ISLAND with world-leading technology and infrastructure and healthcare equipment and professionals and a relatively high standard of living. In what world is almost 70,000 dead in a country with abundant time and means to prepare a response reflective of said country’s leaders doing a good job?
Apparently we’re supposed to believe that Johnson feels some sense of moral responsibility for this astronomical failure. A man who refuses to acknowledge the multiple children he has fathered outside of his marriages and who has had repeatedly engaged in affairs and one-night stands throughout said marriages. A man who continued to cheat whilst his most recent wife was receiving treatment for cervical cancer, for fuck’s sake. Yep, a real stand-up guy. 
So where does this idea that Johnson must feel remorseful for this catastrophe come from? We haven’t seen a second of remorse or a hint of accountability for the lives lost from him nor any members of his cabinet. That much is really no surprise; I have this hypothesis, and it’s not a stretch, that these people do not have an ounce of empathy in their bodies. These ridiculously privileged, privately-educated individuals who have had everything handed to them their entire lives simply cannot put themselves in the shoes of the average working person and that is the problem. Unable to recognise that what distinguishes them from most others is little more than the luck of being born into wealth and the abundance of recourses and connections that has entailed throughout their lives, they see us as beneath them-as less intelligent, less driven, and thus less deserving of the status and respect they enjoy. They see us as a bunch of whining, unmotivated idiots who do not recognise the chokehold they have over our media nor the fact that everything they do is a desperate grab to keep money and power within the hands of a select group of people, an exclusive members club from which most of us are barred (just take a simple Google search and watch Jacob Rees-Mogg’s opinion of the Grenfell victims or the buried Johnson speech where he talks about how inequality is essential). They know that we will squabble amongst ourselves about who is to blame rather than wising up to the truth which is that every decision they make is fuelled by cronyism and the inability to make and follow through with difficult choices, the pandemic being no exception. The supposedly self-made elite see the life of the average working class person as having far less value than their own, and their parties actions over the last 10 years have made that very clear. 
It was in December 2019 that the first case of COVID-19 was declared to the World Health Organisation and on March the 11th that they announced they considered it as a pandemic. In Wuhan, people were dying of pneumonia in their clusters. And what was Boris Johnson doing in this time? Well for starters, here in the UK we didn’t even have a pandemic committee-Johnson had scrapped it six months before. If years of benefits cuts and defunding of the NHS in favour of funding nuclear weapon programs, keeping British troops on other people’s lands, and tax breaks for the mega corporations that donate to their party didn’t convince you that the Conservatives have little regard for human life, them getting rid of this committee-whilst a pandemic has been declared year after year as the greatest threat to mankind-should have been the first sign of trouble. As if that wasn’t enough, he also skipped five of the COBRA (meetings are made up of a cross-departmental committee put together to respond to national emergencies and PMs routinely attend those pertaining to crises on the scale of COVID-19) meetings addressing the situation. Whilst other countries were closing their borders and stocking up on PPE, Johnson and his ministers were selling PPE abroad and simply telling people to wash their hands to the length of the tune of happy birthday. Their only policy was one of “herd immunity”, which was in fact not a policy but just an abandonment of their party’s public duty disguised as one, intentionally obfuscated with pseudoscientific jargon.
Even thinking the absolute worst of politicians you would hope that when it came to the point where the UK’s non-response to COVID-19 was becoming an international disgrace, Johnson and his ministers would take proper protective measures if only to save face. But when they eventually seemed to do so, it became clear that the priority was not the safety of the ordinary people affected by the virus. Outsourcing their test and traces system to companies such as Serco, Sitel, Deloitte and G4S rather than public health services, Conservative ministers could not resist attempting to line the pockets of their friends and benefactors in the process. According to the Guardian, instead of reaching out to the experts or using publicly funded services to handle COVID containment measures, the Conservative party has awarded a disgusting £1.5 BILLION WORTH of contracts to businesses with explicit connections to its MPs and donors, the majority of which lack any relative experience of the tasks they’ve been trusted to carry out. Unsurprisingly, the National Audit office found that when awarding contracts relating to the production of COVID-19 protection measures and treatment needs, there was a “high-priority lane” for suppliers referred by senior politicians and officials; companies with a political referral were 10 times more likely to end up winning a government contract than those without. On top of this, it is not hard to draw a link between the late initiation of lockdown measures and preemptive openings of pubs and restaurants against scientific advice to the interests of frequent donors such as Wetherspoons owner Tim Martin. Even if one chooses to ignore the blatantly obvious correlation between the owners of the businesses whose profits were prioritised over safety concerns and the number of those owners who donate to the Conservatives, party officials at the very least were reluctant to follow the lead of many other countries in financing furlough schemes themselves and instead avoided this responsibility by using loose lockdown measures to leave it down to the discretion of small business owners, who couldn’t themselves afford to furlough staff, whether or not to stay open. 
Time and time again, as the government flounder and fuck about, favouring personal desires to keep their powerful, high-paying jobs and to satisfy the corporate allies who make this possible, blame has been shifted from the public to care homes to NHS workers and back again whilst we, the public, make the biggest sacrifices of all under the illusion that we were being guided out of this pandemic rather than lied to and thrown under the bus. Whilst the elite continue to pick and choose what rules apply to them, it’s students and the elderly and the vulnerable paying the fines and scrabbling to afford basic living costs and hoping that they don’t lose someone dear to them.
Don’t get me wrong, a large proportion of the public have contributed to the spread too with their selfishness and entitlement and the arrogance it takes to develop a sudden refusal to acknowledge basic science from experts who have studied in the field their whole lives so that they can justify their need to go to the pub (speaking of, it’s absolutely HILARIOUS how many “mental health advocates” are suddenly coming out of the woodworks on football avi Twitter after they’ve spent years calling people on mental health Twitter attention seekers). And don't get me wrong, there were inevitably going to be casualties of this pandemic. But it didn't have to spread to this many people, and there didn’t have to be so many deaths due to a lack of preparation, and this wouldn’t have been the case if it weren’t for the inherent apathy of the Conservative party towards the lives of people of lesser status than them, the reluctance to put those lives before party interests. I wish I felt like there was an end in sight, I wish there was some positive takeaway from all of this, but even now, we continue to see corners being cut with the vaccine lauded as our saving grace and anti-maskers gathering outside hospitals to chant about how “oppressive” it is to be urged to wear a bit of cloth over their faces for the short periods of time in which they leave their houses and all I can think of is the selfishness that runs like poison through our country. It makes me sick and leaves me to question desperately where we go from here. I don’t like unanswered questions, I don’t like feeling politically directionless, and I don’t like the growing fear I have about the state of the world which seems to intensify every single day. In the UK at least, it’s starting to feel like nothing will ever change-we’re told we live in a democracy and yet mainstream media is owned by the people whose interest is to keep their Conservative friends in power. The stronghold they have over print media in particular allows them to continually get away with smearing and defaming every person who comes along and seems to want to actually help ordinary people, without being challenged, to the point where the only kind of “opposition” we’re left with promises nothing but a big boss approved tactical reshuffling of the status quo (which they call “electability”); it doesn’t feel like democracy when the majority of the country are being fed misleading information and convinced against voting in their best interests. 
This is the result of that. The state we find ourselves in is the inevitable result of being manipulated into helping the elite build their protective wall whilst the rest of us scrabble to get in and step on each others heads along the way, the people inside shouting over that it’s those even more vulnerable than ourselves that are taking our places. Outside the wall, the earth is falling from beneath our feet, and instead of throwing over the ropes to help us out, the people inside are stockpiling them so they can secure their firm place above ground and then later flog the rest. How many more people have to die before we reach some kind of widespread realisation of that? Where do we go from here and what do we do? Well for one, we can stop spreading those god-fucking-awful textposts on Facebook and get our heads out of our arses. Wear our masks over and wear them over our fucking noses. Have some fucking consideration for others. Don’t wait til an issue affects you personally to give a fuck about it. AND START HOLDING THE FUCKING PRIME MINISTER AND HIS MINISTERS AND HIS ENTIRE PARTY AS WELL AS THE OPPOSITION MPS THAT HAVE SAT BY THE SIDELINES AND ALLOWED THIS TO GO ON WITHOUT PROTEST ACCOUNTABLE. That would be a good start. 
I’m so tired. Things didn’t need to be this way, and yet because of the selfishness of the few, thousands upon thousands are dead. It’s not about “throwing around blame”, it’s not about “throwing around” anything, it’s about expecting a leader to do his best to protect lives. If that is “throwing blame”, let’s get things clear, I have no issue with hurtling it torpedo style at those who handed out a death sentence to so many in this country rather than do anything that might compromise their own privilege. Honestly, pass me the shovel after and I’ll happily bury the wreckage in the ground. Who wants to join?:-)
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Seeing the forest when you’re stuck in the trees
One week later, I feel rationally better. My heart hasn’t caught on, but I don’t feel the deep sting I felt before. Now, it’s a numb little tingling that I can ignore. Every day, it’ll sting less and less, but its probably gonna be a point of sadness I hold for years when I remember what 22 felt like. And that’s fine. I have years to heal and move on. I turn 23 in 27 days. That can be the night I officially start a new chapter. One without my last love, but a year where hopefully I feel self-love that I never felt before.
With that said, I am writing this while listening to The Weeknd’s new album about how hes heartbroken for the umpteenth time, so we’ll see how this goes. My friend said I should actually listen to this now, as its what I need. Ricky if youre reading this and I hate myself after this, it’s on you.
This is the story of a young boy who is processing heartbreak in a new city, new career, and a new frame of mind. This is the story of what I have learned in the last week, when my life was pulled out from under me in what I believe will be the best possible way. It sucks now, but I’ve learned something, tangentially related to the relationship.
The title
In order to understand this, I want to start by letting you see who I am. I graduated from college in 2017. It hasn’t even been a year since I stopped living my life in terms of “you have 3 months to prove yourself, go.” Until today, I never realized just how much that had affected the way of life I was living.
My mentor today totally slapped the shit out of me with this one: “Stop thinking in the now. Do what will make you happy 10 years from now. Everything is else is just experience. Not everything has to work.”
That man met me 4 hours ago as I type this, and he’s managed to being me back from a stage of confusion to clarity.
He then hit me with this one: youre not playing with the same rules anymore as when you were in college.  You’ve been living on 3 month blocks of time. You need to learn to work towards a deep future, which you do not have the vision for now.
It hit me immediately that he’s right. For the 5 years since I left home, I have essentially lived my life in such a microscopic scale that I never learned how to see past the tree I was currently on. I lived life climbing a tree, seeing what was coming, and walking to that… but that means that I followed a track. I went from class to class, job to job, woman to woman, hoping to get what I wanted, but the thing is
You can only see trees that are in your field of vision that way, and this is incredibly slow.
Also,
this assumes you want to stay in the forest.
I’ve been thinking about this all day, because I need to learn how to think that way and get off the trees and start walking. I need to go to town and make friends that will last years here. I know I have the same feelings in Phoenix (more on that down the road), but I can’t leave myself with no options in Sacramento. I don’t even mean romantically here. What if I still don’t know what I want? What if I make a Friend in Sacramento with a haircut business and he trains me to be his recruiter? What if I meet a young couple in Sacramento, and they pass me all of their furniture because they’re leaving the city to start a new life? What if I meet a kid in Sacramento who needs a mentor and I commit to making his life better? What if I meet a woman in Roseville who runs a night club and she wants to pay me to be a stripper?  What if I what if I what if I what if I get out of the house and find out.
Both he and my trainer have pointed out to me that I cannot rely on my job to bring me happiness, I have to make it on my own, and I have every intention to. I will be leaving my apartment in 3 weeks and moving to the city. Density is the greatest asset of a city; the only finite resource you have is time. So Im starting a journey of self discovery. I’m joining the sister chapter to the club I loved the most while at Arizona State. I joined a volleyball league. I’m going to every work social from here out for young people – I refuse to wallow in the sadness anymore. I already told the girl I loved all the good and the bad. Everything from here on out is overkill. I won’t be sad, as itll sully the memories of the times we weren’t. Don’t be fooled, I am hurt, but I am taking it as a good hurt instead of sinking to the dark place I was in 2016.
 Speaking of 2016: The Dark Descent of Drunk Depressed Jairo
(For the sake of the other people in this story, I am changing names. If you are my friend and know, cool, but I don’t want to breach their privacy as I share mine)
This story actually starts in 2015, and I sat on it for a long time. It was during an event I ran. Three powerful figures that still mar my self-conscious were there. Girl 1 was texting me throughout the day. Girl 2 and 3 were there. I don’t want to drop too many details, but I remember thinking “Girl 3 is super nice, but I shouldn’t hit on her because she won’t appreciate it.” I had been trying to get at Girl 2 for weeks. Girl 1 was dumb as all hell for being interested in me and getting me first down the line.
I dated Girl 1 for a year. The second half of that year was the most miserable point of my existence. I remember I asked my friends if I should leave at month 5. They said I needed to give her time, and I suffered for 6 more. All this time, I kept having constant desires to leave her for Girl 2 (I NEVER acted on these. It was more of a “why does this girl treat me better than the one who claims to love me?), and she was jealous of Girl 2. I can’t blame her. My 21st bday was during that time, and after ending things I started being a degenerate in plain view of everyone. I am not proud.
But it was okay, I was on a high tree and I knew the kind of tree that I would climb. Drunk me wanted to climb, and there are entire weeks of my life where I drank every day.
Give it like 2 months, and I was starting to talk to this girl, I’ll call her girl 4. I thought that was the tree I would climb next – and boy did I try. We even agreed to go on a date. It never happened though, because in the days in between, I definitely linked up with Girl 2, sort of fast. Just as fast things ended.
Anyway I managed to fall from two trees in like 3 weeks, and I was going nuts for 6 months after. This is where the spiral took off. My grades took damage and I lost interest in most things, and I was so hurt that my search for my future was taking so long, and I kept getting hurt while trying. Why was this forest so thorny? I gained like 20 pounds in liquor weight, which I barely got rid of recently.
That is, until I linked up with Girl 3 once again in 2017 and this time by accident. We were together for what are the happiest days of my life so far. There will be better days, but I haven’t seen them yet. At least not so concentrated. Whatever it was though, I loved her for who she was for a year, and I want to believe she genuinely loved me back.  It did hurt, however, that I always told her the above story, and I would say that I finally picked the right girl. I was on the right tree.
As of last week we know that isn’t true. She cut off the tree under me, but she did it at the right time. And actually, it was on the 3rd anniversary of the day those three girls flowed together into my life.
I was sad because I was on the ground. Tired of climbing and thinking I finally climbed the tallest tree in the forest and found the best spot, only to tumble.
But there was another force at play that I never saw coming. Her name is Girl 0. There is no romance there, we are just good friends, or rather, were. Eight years ago – she was my best friend in 8th grade before we drifted apart. She came back into my life to make sure I was okay, and in the past 6 days we’ve rapidly realized that were good friends still. That gave me so much perspective. Time moves on for everyone, but my best friend from middle school and I collabed for another album ten years later, and with no resentment. She’s coming to my 23rd birthday and that’s exciting!
I also realized that I no longer have resentment for G1 ort G2 since almost 2 years have passed, and I won’t resent G3 at some point. Well, I don’t resent her the same, but one day I’ll either stop missing her, or will feel differently than now – I can freely admit she was the most special girl of my life, and she’ll be a tough act to follow. I kind of wish me moving 800 miles didn’t drive us apart, but I’m also glad it did because now I have to force myself to walk along this forest, no matter how scared I am. I will grow from this. G4 is engaged now, to the boy that she would link up with after me. I’m happy for her, genuinely.
  Regardless, that was the lesson I needed. I need to step down from the trees. Its time I start walking and stop looking for anything in particular short term. I can’t go through this forest one tree at a time. I need to pick a direction and walk it. That’s scary because I don’t know the future, but it was scary before, and I made little progress. Maybe this scary time is what I need. Maybe I need to just keep going and remember that the first 18 years didn’t count, the next 4 were a trial period, and the most recent 1 was me playing with the rules that no longer worked. I got X amount of years left, and I gotta make them count.
 On a similar note, I would like to thank every single person who came out in support of me. You guys are the best, and your friendships, some way old and some way young, have helped me remember that I am loved, and that I am never truly alone.
On another note: The Weeknd’s album was okay and did not make me feel sad. The man almost gave Selena Gomez a kidney though, so maybe he was in deeper love than I was.
On another nother note: If you take the height of the 8 girls I consider exes and plot it, it makes a sine wave with an average around 5’4”. If the pattern holds, the next girl I date has to be taller than me. We’ll see, but maybe I’ll start climbing again, just differently now.
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mikemortgage · 5 years
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In Sweden, cash is almost extinct and people implant microchips in their hands to pay for things
Few countries have been moving toward a cashless society as fast as Sweden. But cash is being squeezed out so quickly — with half the nation’s retailers predicting they will stop accepting bills before 2025 — that the government is recalculating the societal costs of a cash-free future.
The financial authorities, who once embraced the trend, are asking banks to keep peddling notes and coins until the government can figure out what going cash-free means for young and old consumers. The central bank, which predicts cash may fade from Sweden, is testing a digital currency — an e-krona — to keep firm control of the money supply. Lawmakers are exploring the fate of online payments and bank accounts if an electrical grid fails or servers are thwarted by power failures, hackers or even war.
“When you are where we are, it would be wrong to sit back with our arms crossed, doing nothing, and then just take note of the fact that cash has disappeared,” said Stefan Ingves, governor of Sweden’s central bank, known as the Riksbank. “You can’t turn back time, but you do have to find a way to deal with change.”
As ‘no cash accepted’ signs spring up everywhere, Sweden worries it’s gone too far with digital payments
Millennials are old news — now it’s Gen Z’s turn to kill industries
People in Sweden are hiding cash in their microwaves because of a fascinating — and terrifying — economic experiment
Ask most people in Sweden how often they pay with cash and the answer is “almost never.” A fifth of Swedes, in a country of 10 million people, do not use automated teller machines anymore. More than 4,000 Swedes have implanted microchips in their hands, allowing them to pay for rail travel and food, or enter keyless offices, with a wave. Restaurants, buses, parking lots and even pay toilets depend on clicks rather than cash.
Consumer groups say the shift leaves many retirees — a third of all Swedes are 55 or older — as well as some immigrants and people with disabilities at a disadvantage. They cannot easily gain access to electronic means for some goods and transactions, and rely on banks and their customer service. And the progress toward a cashless society could upend the state’s centuries-old role as sovereign guarantor. If cash disappears, commercial banks would wield greater control.
“We need to pause and think about whether this is good or bad, and not just sit back and let it happen,” said Mats Dillén, the head of a Swedish Parliament committee studying the matter. “If cash disappears, that would be a big change, with major implications for society and the economy.”
Urban consumers worldwide are increasingly paying with apps and plastic. In China and in other Asian countries rife with young smartphone users, mobile payments are routine. In Europe, about one in five people say they rarely carry money. In Belgium, Denmark and Norway, debit and credit card use has hit record highs.
But Sweden — and particularly its young people — is at the vanguard. Bills and coins represent just 1 per cent of the economy, compared with 10 per cent in Europe and 8 per cent in the United States. About one in 10 consumers paid for something in cash this year, down from 40 per cent in 2010. Most merchants in Sweden still accept notes and coins, but their ranks are thinning.
Among 18-to-24-year-olds, the numbers are startling: Up to 95 per cent of their purchases are with a debit card or a smartphone app called Swish, a payment system set up by Sweden’s biggest banks.
Ikea, whose flat-box furniture is a staple of young households, has been experimenting to gauge the allure and effect of cashless commerce. In Gävle, about 100 miles north of Stockholm, managers decided to go cashless temporarily last month after they realized that fewer than 1 per cent of shoppers used cash — and Ikea employees were spending about 15 per cent of their time handling, counting and storing money.
Mixed denomination Swedish kronor (SEK) notes and coins sit in a cashier’s till inside a currency exchange in Malmo, Sweden in 2014.
Patric Burstein, a senior manager, said the cashless test had freed employees to work on the sales floor. So far, around 1.2 of every 1,000 customers have been unable to pay with anything but cash — and mainly in the cafeteria where people tend to spend change. Rather than bother with bills, Ikea has been offering those customers freebies.
“We said, ‘If you want a 50 cent hot dog, be my guest, take it. But next time maybe you can bring a card,'” said Burstein, 38. The test so far suggests that cash is not essential and, instead, may be costly, he said. “We’re spending a lot of resources on a very small percentage that actually need the service,” he said.
The nearby branch of the Swedish National Pensioners Organization has led protests against the experiment, in part, because many retirees like to go to the Gävle Ikea for a bite to eat.
“We have around 1 million people who aren’t comfortable using the computer, iPads or iPhones for banking,” said Christina Tallberg, 75, the group’s national president. “We aren’t against the digital movement, but we think it’s going a bit too fast.”
The organization has been raising money to teach retirees how to pay electronically, but, paradoxically, that good effort has been tripped up by an abundance of cash. When collections for training are taken in rural areas — and the seniors donate in cash — the pensioner in charge must drive miles to find a bank that will actually take the money, Tallberg said. About half of Sweden’s 1,400 bank branches no longer accept cash deposits.
“It’s more or less impossible, because the banks refuse to take cash,” she said.
Banks have propelled the cashless revolution by encouraging consumers and retailers to use debit and credit cards, which yields banks and credit card companies lucrative fees. That includes the bank-developed Swish smartphone app.
Sweden’s banks have cut back on cash in part for safety reasons after a rash of violent robberies in the mid-2000s. The national psyche is marked by an infamous helicopter heist in Västberga in 2009, when thieves landed on the roof of a G4S cash service depot and stole millions — a drama now being turned into a Netflix film. Last year, only two banks were robbed compared with 210 in 2008.
In recent years, banks have dismantled cash machines by the hundreds. So little cash is used now that it has become expensive to track and maintain, said Leif Trogen, an official at the Swedish Bankers’ Association.
There are two proposals by Swedish authorities to keep cash at hand. Parliament wants just the biggest banks to handle cash. The central bank is holding out for all banks to keep money flowing. Swedbank, SEB and other big Swedish financial institutions are fighting the lawmakers’ demands, saying it would place an undue burden on them to provide greater access.
“The demand for cash is decreasing at an ever faster pace,” Trogen said. “Therefore, it is fundamentally wrong to legislate to influence the demand for cash.”
A flag flies outside the headquarters of the Riksbank, Sweden’s central bank, in Stockholm, Sweden.
The central bank has plans to roll out a pilot version next year of a new type of Riksbank money — the digital krona, or e-krona — that could replace physical cash or at least help calm the current cash conundrum. An e-krona would mean that the functions of a currency backed by the state would remain, even in an all-digital world that is fast approaching.
Christine Lagarde, managing director of the International Monetary Fund, noted last week that several central banks were “seriously considering” digital currencies.
“While the case for digital currency is not universal, we should investigate it further — seriously, carefully and creatively,” she said.
Ingves, the central bank governor, said, “This is not a war on cash, but no one has argued that this evolutionary motion is going to stop.”
The New York Times
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