Interesting article! Isn’t it also linked to the level of trust people have in the banking system?
I’ll give an example: I’m French, and to this day I’d say the probability of having my cash stolen is higher than the probability of it disappearing from the bank due to a monetary crisis.
In Albania, a country I know well, it’s the opposite. The population remains traumatized by the post-dictatorship Ponzi pyramid schemes, when many people lost the little money they had. At the same time, society today is relatively peaceful, with very little theft or violent crime, so people prefer cash to credit cards—and tend to avoid banks in general.
The big advantage of cash is that it still works when the power goes out. Unlike, say, Waymo driverless taxis.
But yes I can certainly see a shrine as an ideal money laundry though perhaps not as good as the ones you see all over town as it is, and which literally have it in the name: "Coin Laundry"
Unattended locations providing a service for cash in small notes or coins. Couldn't ask for a better way to launder money but the name is a bit of a giveaway. I mean hello? how stupid do they think the Japanese tax authorities are?
Wait! This is SATIRE? OMG! Now I have to go and unlearn everything I’ve put in my Anki system from your posts.
Haha good luck with that! (You should see the person who didn't realise my last post was satire)
Interesting article! Isn’t it also linked to the level of trust people have in the banking system?
I’ll give an example: I’m French, and to this day I’d say the probability of having my cash stolen is higher than the probability of it disappearing from the bank due to a monetary crisis.
In Albania, a country I know well, it’s the opposite. The population remains traumatized by the post-dictatorship Ponzi pyramid schemes, when many people lost the little money they had. At the same time, society today is relatively peaceful, with very little theft or violent crime, so people prefer cash to credit cards—and tend to avoid banks in general.
Interesting insight! Thank you! And yes the banking system would definitely play a role!
The big advantage of cash is that it still works when the power goes out. Unlike, say, Waymo driverless taxis.
But yes I can certainly see a shrine as an ideal money laundry though perhaps not as good as the ones you see all over town as it is, and which literally have it in the name: "Coin Laundry"
Unattended locations providing a service for cash in small notes or coins. Couldn't ask for a better way to launder money but the name is a bit of a giveaway. I mean hello? how stupid do they think the Japanese tax authorities are?
That's a very good point! Didn't think of that. Reminds me of 3.11 when we made sure to have plenty of it (long lines for petrol I remember too).
And yes, those coin laundries!