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2021-09-16 -Land of the Free

The War On Cash, Is It A Real Thing? The Answer Is Yes

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Posted by Besoeker 2021-09-16 05:25|| E-Mail|| Front Page|| [336070 views ] Top

#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|| 2021-09-16 05:48|| Front Page Top

#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|| 2021-09-16 06:16|| Front Page Top

#3 At the end of the day, human ingenuity and stochastics will beat any Big Plan™ that needs written down and run by the rules. See: Soviet Union.

Posted by M. Murcek 2021-09-16 06:19|| 2021-09-16 06:19|| Front Page Top

#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|| 2021-09-16 06:20|| Front Page Top

#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|| 2021-09-16 06:22|| Front Page Top

#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|| 2021-09-16 06:26|| Front Page Top

#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|| 2021-09-16 07:30|| Front Page Top

#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|| 2021-09-16 07:40|| Front Page Top

#9 Cashless transactions are easier to track.

Just sayin'.

Posted by Mullah Richard 2021-09-16 08:07|| 2021-09-16 08:07|| Front Page Top

#10

Posted by Greng Black3494 2021-09-16 10:11|| 2021-09-16 10:11|| Front Page Top

#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|| 2021-09-16 11:05|| Front Page Top

#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|| 2021-09-16 18:10|| Front Page Top

#13 At the end of the day, human ingenuity and stochastics will beat any Big Plan™ 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|| 2021-09-16 21:08|| Front Page Top

#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|| 2021-09-16 21:14|| Front Page Top

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