Cashless Society

[hiwall]

Oldest daughter is in Europe and she tells me Europe is cashless.

Maybe she said "clueless"

 

[hiwall]

I just hope that the country and the world doesn't got completely to h*** before say June. My father passed away in Dec. and left a nice chunk of change. It will pay everything off and still have a little left over. I have found some very old coins, i.e. 1932, 34, etc quarters, 32 peace dollar. I'm just waiting for the required time to pass and then I can find out what the percentage of silver might be in these coins. Oh, I think I also found where all the coins are that we're short of in this country...lol. Cans, butter bowls etc. of nickels dimes pennies and newer quarters.

Here is a site to tell how the silver value is in each coin..............
https://www.coinflation.com/coins/silver_coin_calculator.html

 

[iknownothing]

Here is a site to tell how the silver value is in each coin..............
https://www.coinflation.com/coins/silver_coin_calculator.html

Thanks for the link.

 

[iknownothing]

Those coins (anything pre 1965) will be 90% silver.

BTW sorry to hear about your dad.

Thank you for the info and condolences.

 

[The Lazy L]

Details, how did they do that.

Venders accept Credit Cards only.

 

[angie_nrs]

I read "The War on Cash" by David McRee. He's in the same state of mind that I am. He basically breaks down how the government doesn't want citizens to have and use cash. The more they know, the more they control and the more they can skim (steal) from you. There were some tid bits worth commenting on.

Kiplinger reported that some banks expressly forbid storing cash in a safety deposit box.

Outlawing the use of cash is unconstitutional on it's face. Since when does the government care about the constitiution?

The banks and CC companies would love a cashless society so they could then push negative interest rates. In doing this, they charge you for keeping your account safe in the form of an interest charge. Cash stands in the way of them doing this. In addition to the negative interest rates, they would also charge fees and penalties for things such as large withdrawls.

There is a group called the "Better than Cash Alliance" that is comprised of over 75 member organizations that support the mission to go to digital currency. betterthancash.org. There are some interesting names included in this group such as the Clinton Foundation, Bill and Melinda Gates Foundation, Citi Foundation, United Nations Development Programme, Visa, and Mastercard....just to name a few.

He makes the point that one of the 'selling points' to getting rid of cash would be to reduce criminal activites and terrorism. Getting rid of cash would do nothing of the sort, b/c criminals would just use another means of payment with commodities such as gold, silver, ammo, pharmaceuticals, human trafficing, etc.

Getting rid of cash forces all businesses to conduct their transactions via third party finance companies, who then, have control over these business and can decide to unbank them anytime they want to. In other words, if a business is not 'good' in their eyes, they can just decide to drop them and ruin them. Businesses that sell firearms have already been a victim of such harassment. Examples of such behavior are given in the book. "Paypal is on record saying it will deny access to anyone who may fall afoul of its social justice platform".....

He mentions civil forfeiture regarding cash. He references this humorous video to highlight the absurdity of this concept, although the subject itself is not funny.


He states "the effect of this suspicion toward citizens who are lawfully carrying significant amounts of cash is to instill fear - to gradually create an environment where anyone carrying a roll of cash is suspect. It's working."

Banks are spying on you. A bank has to file a Currency Transaction Report (CTR) for every transaction in currency that is more than $10,000 in the form of a deposit, withdrawl, exchange, or other payments or transfers to the Federal Government. Also making fewer or more frequent transactions could also get you in trouble b/c they consider that 'structuring' by trying to evade the CTR. "You can be imprisoned for up to 5 years and fined up to $500,000 for trying to avoid having your cash transactions reported to the government by making a series of small deposits that add up to $10,000 or more. "President Trump signed the Taxpayer First Act in 2019 to stop the IRS from seizing cash that was not involved in a criminal act other than structuring. Unfortunately, this law does not apply to the Dept. of Justice which continues to engage in seizures merely for suspected structuring."

Solutions he mentions are to avoid banks as much as possible. Use cash. Engage in the barter system. Keep PM's in a fireproof safe. Convert currency to tangible goods such as food, ammo, tools, security, etc. Work towards self sufficiency. Simplify your life. Get rid of your smart phone.

Overall, I would recommend the book. It was a quick read. It basically reinforced how I think of cash and the impending loss of our privacy, especially now that Obamacare has been plunked into the mix as being tied to our tax returns. It seems everything is the .gov's business now.

 

[Supervisor42]

It is actually illegal for a U.S. company to refuse to accept U.S. currency because it will threaten the national financial system.
Read any cash bill and you will find: "This Note Is Legal Tender For All Debts, Public And Private".
This is important.
Fear not, most illegal transactions have already switched to Bitcoin because it is untraceable, unlike cash.
They will be just fine.
There will always be an underground cash economy as sure as there are illegal immigrants, and older people working while drawing Social Security. Neither can make deposits into a checking account without getting in trouble for having "income".
I was amazed to learn just how big the cash society is down here when I retired.
4 out of 5 people at the grocery store pay with cash. They don't use 'plastic' because it has to be tied to a checking account, or paid from a checking account. If you listen to the yuppies, you could swear 'tap-and-pay' was going to take over the entire country. <NOT!>
The government cannot force the country to go cashless without destroying the value of the almighty "dollar".
It ain't going nowhere.

 

[Caribou]

"This Note Is Legal Tender For All Debts, Public And Private", My understanding of this is that if you want to buy my widgets I can require whatever I want in payment, whether it be currency, food, PM's, whatever. If I sell you my widgets on credit I must accept cash as payment if that is how you decide to pay.

 

[SLADE]

"This Note Is Legal Tender For All Debts, Public And Private", My understanding of this is that if you want to buy my widgets I can require whatever I want in payment, whether it be currency, food, PM's, whatever. If I sell you my widgets on credit I must accept cash as payment if that is how you decide to pay.

It pays to remember all barter is taxable income.

 

[Caribou]

It pays to remember all barter is taxable income.

When I barter 10 cases of lettuce in the summer the government can come get their three cases the next April 15.

 

[SLADE]

When I barter 10 cases of lettuce in the summer the government can come get their three cases the next April 15.

I agree but uncle likes cash for that transaction as a tax.

 

[Caribou]

I agree but uncle likes cash for that transaction as a tax.

 

[Supervisor42]

It pays to remember all barter is taxable income.

Cash and PM transactions, yes.
Barter? No. It is not possible to attach a numeric value to it.
Just ask the Amish.
If I trade you a cow in exchange for building an extension onto my barn, it is impossible for the government to put an accurate value on either one. No provable income for either party.

 

[Neb]

Would garage sales require some widget to sell an old hamner?

How would one pay the neighborhood kid to shovel the walk?

Ben

 

[Caribou]

In the Eskimo villages the people write checks, sometimes on accounts that are long since empty. These checks get bartered around until they get back to the original issuer. This works in a small community.

 

[SLADE]

Cash and PM transactions, yes.
Barter? No. It is not possible to attach a numeric value to it.
Just ask the Amish.
If I trade you a cow in exchange for building an extension onto my barn, it is impossible for the government to put an accurate value on either one. No provable income for either party.

It's not enforced but is taxable income.
Uncle is good at knowing the value of under the table deals.
Just ask and you'll be told the value and the penalties for such trades.

 

[hiwall]

Would garage sales require some widget to sell an old hamner?

How would one pay the neighborhood kid to shovel the walk?

Ben

It can be done pretty easy. Everyone, even little kids have cell phones. Just add an app.

 

[user 55]

It is actually illegal for a U.S. company to refuse to accept U.S. currency because it will threaten the national financial system.
Read any cash bill and you will find: "This Note Is Legal Tender For All Debts, Public And Private".
This is important.
Fear not, most illegal transactions have already switched to Bitcoin because it is untraceable, unlike cash.
They will be just fine.
There will always be an underground cash economy as sure as there are illegal immigrants, and older people working while drawing Social Security. Neither can make deposits into a checking account without getting in trouble for having "income".
I was amazed to learn just how big the cash society is down here when I retired.
4 out of 5 people at the grocery store pay with cash. They don't use 'plastic' because it has to be tied to a checking account, or paid from a checking account. If you listen to the yuppies, you could swear 'tap-and-pay' was going to take over the entire country. <NOT!>
The government cannot force the country to go cashless without destroying the value of the almighty "dollar".
It ain't going nowhere.

Are you implying that using "Bitcoin" automatically implies illegal activities? I do see you mentioned "most" so curious on your thoughts. There seems no doubt a cashless society is being pushed. Look at the "Chyna". Most all business dealings are tied to their cellphones. You can be approved or denied service based this. Obviously I am not Chynese but from research I have done this seems to be the case.

 

[SoJer]

Would garage sales require some widget to sell an old hamner?

How would one pay the neighborhood kid to shovel the walk?

Too easy, Neb...

a) Bring the 'Garage saler' a tube of grease / gun for their opener-chain (in trade for the hammer) and then explain the 'perk': So yer door don't get stuck and grind sales to a halt, silly!

b) Chocolate Chip cookies, Duh!! jk.. (that would probably get you 'attacked for racism' or something..

Eliminating cash is ALL about control, and tracing.. It's All outlined in the 'Great Reset' vomitus / Agenda 21 tripe.. (they just 'candy coat it' with marshmallow unicorn sprinkles like 'Sustainability' / 'Social Equilibrium', and other such swill..

All Power to the Great 'Lemonade Stand Industry', against the EvilCorp / NWO-cartel Empire!
jd

 

[joel]

It's not enforced but is taxable income.
Uncle is good at knowing the value of under the table deals.
Just ask and you'll be told the value and the penalties for such trades.

It is like gun registration, it is only taxable if the Government knows about it.

 

[Supervisor42]

Are you implying that using "Bitcoin" automatically implies illegal activities? .

Of course not!
But if someone is engaged in illegal activity, they would be brainless to not use untraceable bitcoin instead of other 'currencies'.
Not bitcoin:

This, or a thumbdrive?
Both have 22 billion dollars.
You decide.

They are learning.

 

[backlash]

Businesses may be required by law to accept cash but I have seen several that will not accept cash. If you want what they are selling you will have to find another way to pay.

 

[angie_nrs]

I look at who is pushing the cashless agenda and who stands to gain the most from it. In my last post, look at the "better than cash alliance" members or go look it up for yourself. If that doesn't toss up a huge red flag, I don't know what does. I had not heard of this group before I read the book. Common sense says that the big Banks and other financial institutions would love to have full control over the monetary system. The government and big corporations could then completely manage their slush funds and there would be absolutely NO transparency or accountability. If the FED has never been audited, then you can bet your bottom dollar that their system won't be audited either.

 

[Neb]

I look at who is pushing the cashless agenda and who stands to gain the most from it. In my last post, look at the "better than cash alliance" members or go look it up for yourself. If that doesn't toss up a huge red flag, I don't know what does. I had not heard of this group before I read the book. Common sense says that the big Banks and other financial institutions would love to have full control over the monetary system. The government and big corporations could then completely manage their slush funds and there would be absolutely NO transparency or accountability. If the FED has never been audited, then you can bet your bottom dollar that their system won't be audited either.

Was the book "Creature from Jekyll Island" that talked about the formation of the fed?

We still don't know who is really in the fed.

Ben

 

[backlash]

I look at who is pushing the cashless agenda and who stands to gain the most from it. In my last post, look at the "better than cash alliance" members or go look it up for yourself. If that doesn't toss up a huge red flag, I don't know what does. I had not heard of this group before I read the book. Common sense says that the big Banks and other financial institutions would love to have full control over the monetary system. The government and big corporations could then completely manage their slush funds and there would be absolutely NO transparency or accountability. If the FED has never been audited, then you can bet your bottom dollar that their system won't be audited either.

The path to the truth is always the same. Follow the money and you will know.

 

[Haertig]

"This Note Is Legal Tender For All Debts, Public And Private"

I do not think it means what you think it means.

I understand it to mean that the whoever agreed to put that on our currency believed that government would not make a law saying, e.g., "It is illegal to pay for your new car with cash, you must use XYZ instead." Thus, it is legal to pay with cash, if the merchant is willing to accept cash in the first place.

Plus, just because something is written on a bill does not mean it's a law, or enforceable even if it were.

Our currency also says "In God We Trust". Does that mean you can't use it if you don't believe in God?

 

[backlash]

It won't be the government directly to push towards a cashless society. They will get big business to do it. Imagine if Walmart says we are not accepting cash. People will still shop there and they will use a card. Probably one issued by Walmart at the maximum rate allowed by politicians.
Amazon does not take cash, so we are well on the way.
The entire population is going to become like old-time coal miners. Paid in company script that is only good at the company store. No money on your card, they will advance you till payday at a reasonable rate of 100% or more like payday loan places do now.

 

[bkt]

Was the book "Creature from Jekyll Island" that talked about the formation of the fed?

We still don't know who is really in the fed.

Ben

Yes, that's the book. We may not know who really runs the Fed, but we can observe what the Fed has done over the decades and discern what they mean to do. That, in itself, is a bit of a concern if you like the status quo.

 

[LadyLocust]

Our grocery stores no longer accept cash at the self checkouts. I asked one of the workers why. She said "they" won't give her the change (coins) she requests so can't fill the machines. I'm curious if this is just happening in blue states or all states??? And yes, I realize the push to use cards but have my wheels churning.

 

[Bacpacker]

Haven't saw that here yet.