If we went to a cashless society...
JoeLewis
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If the U.S. went to a completely cashless society (i.e. debit cards and such), would we start pricing things in fractions of a cent?
US and British coin collector, and creator of The Ultimate Chuck E. Cheese's and Showbiz Pizza Place Token & Ticket Guide
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People are waking up to the reality about banks and govt.
US and British coin collector, and creator of The Ultimate Chuck E. Cheese's and Showbiz Pizza Place Token & Ticket Guide
Not many people notice it but when it says 2.99 9/10... thats prettymuch buying 3.00 in gas, just a smarter way to make things look cheaper
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<< <i>Not many people notice it but when it says 2.99 9/10... thats prettymuch buying 3.00 in gas, just a smarter way to make things look cheaper >>
Not really. If you buy 10 gallons of gas then it costs $29.99 not $30.00.
US and British coin collector, and creator of The Ultimate Chuck E. Cheese's and Showbiz Pizza Place Token & Ticket Guide
I actually would think businesses would have more reason to move away from a worthless cent at that point.
Bartering would also take place more often in a black market from people who do not trust the government controlling everything, including their electronic wealth.
All types of collectibles, art, coins, gold, silver, etc, would be in high demand as the only form of physical ownership of money.
What would your electronic penny be worth at that point, let alone your electronic fraction of a penny.
Just my two cents. Tin foil hat is optional.
President, Racine Numismatic Society 2013-2014; Variety Resource Dimes; See 6/8/12 CDN for my article on Winged Liberty Dimes; Ebay
<< <i>If we no longer used physical cash, and our cash was completely electronic, I still do not see anything in a fraction of a cent besides taxes.
I actually would think businesses would have more reason to move away from a worthless cent at that point. >>
Why do they have a reason to stick with it now?
<< <i>What would your electronic penny be worth at that point, let alone your electronic fraction of a penny. >>
What is the penny actually worth now?
US and British coin collector, and creator of The Ultimate Chuck E. Cheese's and Showbiz Pizza Place Token & Ticket Guide
Now where are all the real cents, nickels, dimes, quarters, and dollars that they contol?
Edit so that 20 million cards are not in the wind.
Guess it actually happened a while back.
Having said that, my answer is Yes, Fractions will continue to be used.
<< <i>If the U.S. went to a completely cashless society (i.e. debit cards and such), would we start pricing things in fractions of a cent? >>
if we did, we all be chasing guys like this for stealing 130 million credit and debit card numbers
maybe yours is on his list - thats the reason why i use cash more and credit less and never my debit card
any where else except at my bank. Snowman
Credit Card theft Link
Considering there are 300 million americans, that's a pretty impresive haul.
You have over a 1 in 3 chance!
<< <i>If the U.S. went to a completely cashless society (i.e. debit cards and such), would we start pricing things in fractions of a cent? >>
Gasoline has been priced in fractions of a cent for decades. We wouldn't be starting anything, but we may be expanding its useage.
a bit late...................but at least they're waking up. It's just a matter of time they'll roll over and be right back to sleep
Herb
<< <i>"130 million credit and debit card numbers"
Considering there are 300 million americans, that's a pretty impresive haul.
You have over a 1 in 3 chance! >>
Most Americans have numerous credit cards so the odds are much higher. The Feds caught him before he could use many or any of the cards. This is why it's important to check your credit card statements every month.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
The name is LEE!
last I looked still a penny (cent) add 99 more ya got a buck (dollar) it all add's up!
who said it? "watch your pennys the dollars will take care of themself"
Barrytrot(2),Stupid,Savoyspecial,docq,ecoinquest, halfhunter,snman,Coll3ctor.
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do not have any spare cash left at all.
Camelot