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A cashless society?
BLUEJAYWAY
Posts: 8,107 ✭✭✭✭✭
I've thought about this possibility from time to time. Can it happen here? And if so, what would be the Gov'ts reasons. What would they hope to accomplish? What would be the negative, if any, results?
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Erik
If they can't get rid of the cent nor force the use of the $1 coin, a cashless society will not happen in our lifetime.
What will you use for sale items when Target gets hacked again?
<< <i>I've thought about this possibility from time to time. Can it happen here? And if so, what would be the Gov'ts reasons. What would they hope to accomplish? ... >>
Control
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
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<< <i>I've thought about this possibility from time to time. Can it happen here? And if so, what would be the Gov'ts reasons. What would they hope to accomplish? ... >>
Control >>
A cashless society has been projected to potentially double tax revenue (at current rates) by eliminating off the grid transactions and income eventuality.
<< <i>I've thought about this possibility from time to time. Can it happen here? And if so, what would be the Gov'ts reasons. What would they hope to accomplish? What would be the negative, if any, results? >>
Why do you say "what would be the Gov'ts reasons" like it has nothing to do with us?
There will never be a cashless society until the majority of people want it and I think that's a long way off.
<< <i>I've thought about this possibility from time to time. Can it happen here? And if so, what would be the Gov'ts reasons. What would they hope to accomplish? What would be the negative, if any, results? >>
It is happening with the Justice Department's "Operation Check Point" that is strong arming banks to close accounts of certain industries, including those that deal in cash. Included on the list published by the FDIC are coin dealers. Topic is ccurrently under discussion on the on the Precious Metals forum..
Are they really this stupid, or are they destroying the dollar on purpose?
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There will never be a cashless society until the majority of people want it and I think that's a long way off. >>
If we want to go down the rabbit hole. I do not think most Americans want Gov't run healthcare, but it is most likely going to happen within the next 10 years.
If the Gov't can completely eliminate cash and all transactions become electronic, then they will make more money. They would get a cut of every yard sale transaction, babysitter, etc. Try betting holes on a round of golf with your buddies with no cash ..or playing poker on Friday night!
say like getting fake coin sellers off the market
Coins for sale at link below
https://photos.app.goo.gl/i3Hq4WazXaWPmvH78
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<< <i>I've thought about this possibility from time to time. Can it happen here? And if so, what would be the Gov'ts reasons. What would they hope to accomplish? What would be the negative, if any, results? >>
It is happening with the Justice Department's "Operation Check Point" that is strong arming banks to close accounts of certain industries, including those that deal in cash. Included on the list published by the FDIC are coin dealers. Topic is ccurrently under discussion on the on the Precious Metals forum.. >>
This link has really little to do with cash sales. This is a notice for banks to look for certain kind of activity. While the article is interesting it is a little OT. The Coin Dealers mentioned here are the telemarketers (that sell at a lot of low value items at inflated prices) that many of us have opined about in the past.
Back to the topic. I seriously doubt, that anytime in the near future, we will have a cashless society. We have closed systems, like cruise ships, where cash is not allowed to be used, but as a society on the whole, we are still a long way away.
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<< <i>I've thought about this possibility from time to time. Can it happen here? And if so, what would be the Gov'ts reasons. What would they hope to accomplish? What would be the negative, if any, results? >>
It is happening with the Justice Department's "Operation Check Point" that is strong arming banks to close accounts of certain industries, including those that deal in cash. Included on the list published by the FDIC are coin dealers. Topic is ccurrently under discussion on the on the Precious Metals forum.. >>
This link has really little to do with cash sales. This is a notice for banks to look for certain kind of activity. While the article is interesting it is a little OT. The Coin Dealers mentioned here are the telemarketers (that sell at a lot of low value items at inflated prices) that many of us have opined about in the past.
Back to the topic. I seriously doubt, that anytime in the near future, we will have a cashless society. We have closed systems, like cruise ships, where cash is not allowed to be used, but as a society on the whole, we are still a long way away. >>
List of "targets" in the FDIC list includes those heavily into cash payments, as well as a bit of consumer protection and a mix of what might be consider "immoral" services. Mighty big assumption that the Coin Dealers listed are only the telemarketers, especially with telemarketers is a line item of its own in the list. I'm gonna assume coin dealers are on the list because they deal not only in cash sales of coins but often in cash sales of bullion. I believe the banks are being threatened in order to help reduce the number of cash dealing tax cheats that use their banking services.
Are they really this stupid, or are they destroying the dollar on purpose?
Pay online for all of your bills.
The answer is right in front of your eyes, take off the blinders.
There is no way that hundreds of thousands of little country stores are all going to wire up electronically to accept some form of credit.
Way down the line, who knows. Look what the G'vmnt has taken away already.
2) The idea that only criminals use cash is being floated more and more.
The only thing standing in the way, are all of those working for cash and not paying taxes, in my opinion. Once the other 75% of the people realize it, they'll push for cashless and it will happen fast, IMO.
Last year, in the 27 purchase categories I follow, there were 1.1 Billion separate monthly cash transactions.
There are generational changes coming, but they take a long, long time to filter through the system.
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--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.And we will just post photos of a BITCOIN and guess how much it's worth today.
<< <i>From a government standpoint it would be very desirable - it could provide infinite control and taxation >>
That's true but then how do all of our esteemed local, state and federal politicians get their kickbacks, payoffs and bribe money?
Seriously, politicians will need to think this one through before they take any action, better send it to committee.
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<< <i>I've thought about this possibility from time to time. Can it happen here? And if so, what would be the Gov'ts reasons. What would they hope to accomplish? What would be the negative, if any, results? >>
Why do you say "what would be the Gov'ts reasons" like it has nothing to do with us?
There will never be a cashless society until the majority of people want it and I think that's a long way off. >>
My "what would be the Gov'ts reasons" was a question as to why (their stated platform of reasons) they would pursue it, not nesc. achieving it w/o "our" involvement.
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<< <i>I've thought about this possibility from time to time. Can it happen here? And if so, what would be the Gov'ts reasons. What would they hope to accomplish? ... >>
Control >>
A cashless society has been projected to potentially double tax revenue (at current rates) by eliminating off the grid transactions and income eventuality. >>
I could'nt agree more that this would be one reason. It would sure put a damper on "under the table" work. I also think it might be a way to curtail the drug trade as that involves the exchange of large amounts of cash.