If all of your forms of electronic debt were not available tomorrow, how well would you survive? Most North American people, and may Europeans, survive day to day solely at the mercy of their plastic. Do you have any idea how unhealthy and fragile such a life-style is?
We "Eat Plastic".
Do you sometimes have the fear that at any moment your "plastic" could mutate into something horrible and kill you?
This is not only about your personal finances. It is about everybody's finances and the financial structure of the entire developed world. Governments might do their best to maintain the status quo, but their powers are less than they like to pretend. The following video deals only with young Brits, and only with the "Pay-Day Loan" sector. However, the same also applies to adults across a wide spectrum of debt instruments. Even if you have money in your account, a bank-card transaction is debt until the money is out of your account, and most of us spend expecting the next deposit to be on time.
A number of things can cause your plastic to die. If your life depends on plastic, that plastic must be constantly cared for.
If you stop feeding it (minimum deposits), it dies or mutates. In fact, it will become a voracious parasite that will kill its host, which is your credit rating. That has serious repercussions for everything else in your life.
If the plastic shepherds go on strike, your plastic will die. Technicians and account managers or even service providers might for obscure reasons affect your ability to do electronic transactions. The things we take for granted are not guaranteed.
Or if some plastic shepherd makes a mistake and sends your plastic to someone else, it might as well be dead.
If the plastic breeders, aka major banks, go bankrupt, your plastic will die. In this scenario, your debt does not die with the bank, only your ability to access your account. The debt is just sold to someone else.
If the plastic rustlers, aka hackers, steal your brand, you will lose your herd and starve.
If events such as aging cables, solar flares, or sabotage destroy the migration paths of the plastic herds, they die. All of these appear to be remote possibilities, but if all the probabilities are added together, the odds get much higher.
Could you live in a world without Plastic?
Whether you think you could or fear that you would not be able to, it would be healthy and valuable to experiment with the new "plastic-free diet".