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-Land of the Free
The War On Cash, Is It A Real Thing? The Answer Is Yes
2021-09-16
[Advancing Time] In our bizarre economy, we hear many things, and ideas are constantly being thrown out to us. This all tends to flow together and help us develop a strategy as to how we should cope with the changing times. One thing we continue to hear is that a war is being waged to eliminate cash. Not only are most people going along with this but many have embraced the notion.

Some people view carrying cash as dangerous or burdensome. This also dovetails with their desire to spend more than they can afford, when using a credit card it is far easier to continue spending money you do not have. All things considered, when asked, is the war on cash a real thing being directed from those on high, sadly we must answer yes. Cash reflects "options for the people" and it appears those in charge of such things want in gone.

Currencies were developed to facilitate and ease transactions between individuals and businesses. The war on cash is simply another way Washington can continue to show its favoritism towards big business. Small businesses often rely more on small cash transactions and often lack the ability to process other forms of payment. It is ironic that while big businesses and companies like Amazon flourish with each move government makes, the small businesses on Main Street are left worse off.

A cashless society where records are made and kept reflecting every transaction we make even down to buying a candy bar also allows the government to monitor our every move. This is something Big Brother-type governments strongly aspire to under the guise it will extend its ability to protect us or tamp down on crime, tax evasion, and corruption. For some reason, they seem to think this will allow them to collect more taxes, yet it comes at the same time they continue to tilt the tax code in favor of massive companies.
The way the government has handled coins during the pandemic is a clear indication of its unconcern over the role cash plays in our economy. When coin shortages developed, little or no effort to straighten out the mess was instituted. Considering the massive number of coins sitting unused in jars and cans across America it is a situation that could easily be resolved. In fact, coinage has yet to return to full use following the pandemic, and claims of coin shortages persist.

Posted by:Besoeker

#14  No matter what they do, a black market will takes its place and flourish. It has and will be a human practice.

Yes. A dyed in the blood Communist was explaining to me that there are alternatives to Capitalism. After his pitch, I was like, "You mean black markets?"

Got the stink eye.

Guess he meant, "Who Controls Barter Town?"
Posted by: swksvolFF   2021-09-16 21:14  

#13  At the end of the day, human ingenuity and stochastics will beat any Big Planâ„¢ that needs written down and run by the rules.

Yep. We've been trading as long as we've been human -- maybe longer. The Egyptian bronze age depended on tin from Afghanistan and Wales; outside Cincinnati a burial mound was excavated and a pipe carved from petrified wood was unearthed -- the stone likely came from Arizona.

We'll keep trading; you can't enslave a free man.
Posted by: Rob Crawford   2021-09-16 21:08  

#12  It's an old history lesson: A gummint that doesn't produce a credible currency is not itself credible.
Posted by: M. Murcek   2021-09-16 18:10  

#11  I think tracking is certainly part of it. But the main thing is when it's all e-money, it can be their money any time they want it to be. No need for tax increases, just boost it.

Remember Keith Ellison's observation when asked about the country being so broke. 'The country's not broke, haven't you seen the money in IRA's?'
Posted by: Cesare   2021-09-16 11:05  

#10  
Posted by: Greng Black3494   2021-09-16 10:11  

#9  Cashless transactions are easier to track.

Just sayin'.
Posted by: Mullah Richard   2021-09-16 08:07  

#8  This discussion had gone around. Since 1982, pennies have been copper cladded zinc. Actual copper pennies are worth much more than a penny. Copper cladded zinc pennies are not worth so much.

Interesting aside, kids who swallow pennies need to go to the ER because they may get a Grignard reaction in their stomach.
Posted by: M. Murcek   2021-09-16 07:40  

#7  Last time I checked, they were minting around 43 pennies at the cost of a dollar. Talk about deficit spending.

Back in the 70s while in Italy, the local banks printed script because the 'state' could no longer afford to mint coinage.

No matter what they do, a black market will takes its place and flourish. It has and will be a human practice.
Posted by: Procopius2k   2021-09-16 07:30  

#6  I cashed in $20 worth of nickels and dimes the other day. First thing I was asked was "do I have an account" at the bank I was in. It's legal tender. WTF is wrong with you people? I do have an account there, and once I flashed my debit card, they were fine with it.

Sheesh.
Posted by: M. Murcek   2021-09-16 06:26  

#5  

Been looking into the change shortage and wondering, why and how it happened ?

The Rumors/Comments/Gossip run from blaming everything on the C-19/21, to changing medal composition of coins, to they are changing the coinage to remove a bunch of Old White Men portraits and will go to Numeric numbering (1, 5, 10, 25) and/or removing some PC offensive words.

BTW:
Promoting a coin shortage helps businesses ask you to Round It Up.
Thus making 1 to 99 cents extra on a transaction.
Resulting $$ in their NET pockets or $$$ tax deductions you make for them in their name to charities.

Now apply that to just 1% of the Wally-World 240 million customer visits each week.
Posted by: NN2N1   2021-09-16 06:22  

#4  The Texas Bank Robbers' Credo: "Plan's just a list of things ain't gonna happen."
Posted by: M. Murcek   2021-09-16 06:20  

#3  At the end of the day, human ingenuity and stochastics will beat any Big Planâ„¢ that needs written down and run by the rules. See: Soviet Union.
Posted by: M. Murcek   2021-09-16 06:19  

#2  After they get rid of cash, probably by stigmatizing it as only used by drug dealers, you will not be able to buy or sell without the approval of the government. Want to sell an old couch? Did you pay tax on that?

Police will cease to search for fugitives. Just turn his phone off and he'll turn himself in in a few days to stop starvation. And the graphic nails it, barter will be made illegal, with tough prison sentences. You'll be able to start a war just fine, but trading a bushel of apples for a bucket of milk will be punishable by law.
Posted by: Blinky Pholuling8616   2021-09-16 06:16  

#1  When cash becomes scarce, it will be so in demand for the most interesting scarce items.
Posted by: M. Murcek   2021-09-16 05:48  

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