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the war on cash

13K views 128 replies 35 participants last post by  IamElmerJFudd 
#1 · (Edited)
I don' want this to turn into a conspiracy thread, there is a real effort to reduce the amount of cash in circulation for control purposes and there is a real marketing effort to make buying and selling more convenient by using digital devices. They are two separate things, both cash and digital/ cell phone/ debit or credit card / electronic online transfers have legitimate advantages and obvious and hidden disadvantages, for the buyer , for the seller, and for governments.

Most people imho don't really think about it a whole lot.. most folks just go with the convenience and don't question it, a lot of folks don't even carry cash anymore.. many stores , if the power goes out, or the internet goes down, just close instead of staying open and taking cash for goods. When I shop on Amazon or some other online stores when I check out I get a little box asking me if I want to share the fact I bought my favorite and hard to find cream rinse for my hair with all my friends on facebook , and I am not even on facebook .. I'm old fashioned.. I send formal hand written notes to all my friends when I buy cream rinse, like we all did back in a more gentile time before the internet and data mining. Back then only the post office monetized my shopping habits by selling me stamps to send all my formal handwritten notices to my friends bragging about my latest purchases of breakfast cereal and toilet paper. I used to use a 10 star rating system to express my joy and satisfaction at my latest toothbrush.. but alas, now I am restricted to a mere 5 star rating system that cannot possibly full express the nuances of my happiness or displeasure ( and what does it tell a child today, when a Teacher merely gives one gold star for the child's best effort? kids know what a one star rating means ).

Anyway I digress, Negative interest rates to make it cheaper for governments to borrow gadzillions of dollars affordably.

Over night changing the currency http://money.cnn.com/2016/11/18/news/india/india-cash-ban-explainer/ http://www.pri.org/stories/2015-07-08/how-cash-crisis-greece-affecting-ordinary-people

https://en.wikipedia.org/wiki/Indigenisation_and_Economic_Empowerment_Act https://www.theindependent.co.zw/2016/06/17/alternative-solutions-liquidity-cash-crisis/
http://www.bloomberg.com/news/artic...ially-removes-local-currency-from-circulation
https://zimnews.net/zimbabwe-money-crises-starts/

here in the US https://en.wikipedia.org/wiki/Large_denominations_of_United_States_currency
http://www.wsj.com/articles/the-plot-to-kill-the-100-bill-1455667926
http://www.wsj.com/articles/end-the-100-bill-uncle-sam-says-no-1466155982 for the time being, however the EU will stop issuing the 500 euro note in 2018 .. so this does as some traction ..

you could wake up one morning and find you have a deadline to turn in your $100 bills for smaller denominations. Already some stores and businesses have stopped taking cash altogether http://theconversation.com/if-cash-is-king-how-can-stores-refuse-to-take-your-dollars-63516

Like gun control, cash control isn't about controlling cash. it isn't impossible for it to happen here http://www.friesian.com/notes.htm In fact we have changed our currency 6 times , some with mandatory turn in and exchange dates after which they were no longer legal currency.

Technically our paper money is good for all debts public and private.. but as I pointed out, some businesses just don't take them any more.

Keeping a stash of cash at home under the mattress is not risk free from currency change.
 
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#120 ·
Here in Ca, they can charge you a fee. I asked my card service when I got charged an extra $.50 for gas. They said it was perfectly legal. What they do is put a hold onyour money in your checking account. What got me, was the hold is for $100 if you pay at the pump. My suburban held about $130 when gas was real high and then charged me again to finish filling up. Since I was at the cheapest station around and gas was going to rise in cost for a 3 day wekend, I figured it was the wise thing to do.
If you don't have $100 in the checking account, they have to overide it inside and place a limit on how much gas you can put in, unless they punch in an amount(like $20) that you can't go over. That hold lasts the rest of the day, so if you get the $100 hold, you might not have use on checking account money for the day.

It sucks. I try to have cash on hand, but having children and grandchildren that all of a sudden need money for this or that has kept my wallet flat.
 
#124 ·
Well the war on cash in commie land of California.Just went shopping at Save Mart paid the high prices,High taxes,CRV Tax and $1.00 for the the bags to put the stuff in since NO FREE plastic bags are allowed in Commie land.
Lick that calf again ( say what). I am 82 and have to give clerk my phone number and show them my drivers license to get the BEER,IT IS THE LAW IN CALIFORNIA. Why phone number is way passed the line.
Folks here are always loading the wrong wagon and don't have enough sense to spit downwind.
 
#125 ·
That is a load of bull! Nothing in the Calif. law that says they need all that. That BS process is strictly Save Mart policy. the punishment for making an under age sale is pretty harsh on the company so they err on the side of caution, which in this case gets pretty ridiculous.
If you care enough, I suggest you contact Save Mart Corporate and give them an ear full. May not change anything, but at least they will know that they are alienating a good portion of their potential customer base with excessive unreasonable application of their 'rules'.
Vmo
 
#126 ·
i went into a local store for a few things and wanted to buy a few cigars, i left my wallet in the car and only had a 20.00 bill in my pocket. i was ask for a ID to buy the cigars as i didn,t have ID on me the cigars stayed there, i,m 73 years old and look it. i ask the clerk if she was legaly blind as i left. eastbank.
 
#127 · (Edited)
By law you don't have to ID anyone.BUT selling to anyone under age is illegal.
In order to consume or purchase alcohol in the United States of America you must be at least 21 years of age. Most
restaurants, bars, liquor stores, grocery stores, and any other establishment that sells alcoholic beverages will require its clientèle to show proof that they are actually 21 years old or older. While there are general laws that all vendors must follow, many establishments have procedures that go beyond the state's minimum requirements.
Like Savemart.,at Safeway they ID everyone in your party if a person has a baby that's a no sale.
Time to move all this to civil war thread and California would be a good place to start it.BUT since most are Liberals they stay in the shadow of their mama's apron the Government.
 
#128 ·
You guys have absolutely no idea what this thread is about or why it might even be important.. do you?
 
#129 ·
Ammo, you started this thread 5 months ago. I know there was a valid point then. I guess people get distracted and then they forget.


"...you could wake up one morning and find you have a deadline to turn in your $100 bills for smaller denominations. Already some stores and businesses have stopped taking cash altogether http://theconversation.com/if-cash-i...-dollars-63516

Like gun control, cash control isn't about controlling cash. it isn't impossible for it to happen here http://www.friesian.com/notes.htm In fact we have changed our currency 6 times , some with mandatory turn in and exchange dates after which they were no longer legal currency.

Technically our paper money is good for all debts public and private.. but as I pointed out, some businesses just don't take them any more.

Keeping a stash of cash at home under the mattress is not risk free from currency change" - AmmoSgt, 11/26/2016


I think this thread has run its course and has gone quite a bit off topic, so I think it's time to shut it down. AmmoSgt, it's your thread. If you think it should be allowed to continue let me know and I'll reopen it.
Meanwhile, the rest of you guys can bring this conversation about showing IDs and paying cash up in the CEPGOM forum if you want to continue. If anyone needs the password to CEPGOM send a PM to Dutch.
 
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