Posted on 10/11/2017 9:43:03 AM PDT by markomalley
I’ve always felt that a cashless monetary policy was designed so people could not work for cash and avoid taxes.
Which helps keep the rest of us free[er]. Given absolute control, no government would be able to resist the temptation to tyranny. Hell, they flirt with it bad enough WITHOUT absolute control.
Plus rates would skyrocket. When it’s physically impossible to break the law, consent of the governed becomes a quaint anachronism. Smugglers and tax cheats and their methods keep us all freeer by making tyranny difficult.
Or if the power grid is turned off intentionally.
And you’d better hope you don’t say something (or pray to something) they don’t like—all they’ll need to do is just flip a switch and then you’re SOL. Tyranny is so whimsical.
I’ve heard that many people, especially younger people, just don’t use physical cash very much. They use debit cards and credit cards, and use functions such as Google wallet and PayPal.
Since so many just don’t ever use actual cash, they won’t mind if our government ever tried to phase out cash.
Wha yo mean ma EBT card don’t work? Everthang in this store jus’ become free, mein!
My friend is an auditor for a paycheck loan place. He says PR is corrupt from the ground up. That the store there is a joke and the company only keeps it so the brass can have a place to party. One can only imagine what the books will be after this mess.
My credit card was cancelled after someone tried to buy something expensive. Try being overseas when that happens. Having electricity doesn’t help. No such things as travelers checks anymore. Might as well stand on the corner and sing.
I always use cash at restaurants. Too many wait staff into identity theft.
There was a novel back in the 80’s about the aftermath of an American nuclear holocaust called ‘Warday’ that detailed the economic devastation caused by deflation when all that electronic cash is wiped out.
Of all the different categories of money, and there are at least 5, money in motion is by far the most important. Lose control of that and all commerce will immediately stop. If it is not restarted quickly,society as we know it will either replace it with a different medium of exchange or collapse almost immediately. Then bullets and force will become the new medium of exchange.
“Since so many just don’t ever use actual cash, they won’t mind if our government ever tried to phase out cash.”
That’s not true for all people that choose to use cards vs. cash. I use my Amex as much as possible with the points I accumulate (accumulating points only makes sense if you pay it off at the end of every month). I rarely use cash these days for that reason. Couple that with the ease of itemizing all of my purchases and being able to see what gets blown where, it’s a no brainer to use a card as much as possible.
However, that doesn’t mean I want to see the end of cash ... I always have a few dollars on me “just in case” ... I want things to stay that way as cashless is a horrible for reasons mentioned in the replies. If “forced” to choose cash or cashless, I’d be in the cash camp :-) ... still, that doesn’t mean I want to reap the benefits of “cashless”. A hybrid solution would work just fine for society in general I would think. Tyrants don’t like that, but screw them.
“There was a novel back in the 80’s about the aftermath of an American nuclear holocaust called ‘Warday’ ... “
I loved that book :-) ... one of my favorites. I loved the fact that the airport they landed at near Pittsburgh was only a couple of miles from my house at the time.
Cashless = Communist Control.
Those of us who live in Hurricane Land will cut any attempt to outlaw cash.
Fools.
If necessary our states will create our own currencies and cut the stupid Feds out the picture. Texas has already begun that process.
Interestingly, guns & ammo corresponds rather nicely to cash. .22LR is about the same size & value as pocket change ($0.02-$0.25), 9mm & 5.56 & .308 for small bills ($0.50-$2.50), high-power .338 & .50 for larger ($5-$20), magazines ($10-$100), handguns & small rifles ($100-$1000), rifles ($300-$3000).
Ping.
And then they'll be shocked when tyranny slaps chains on them.
I keep several hundred on hand just in case.
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