Think the Federal Government has too much control over your personal finances? And that big banks aren't complicit in exerting this control? This isn't good for liberty minded people as it would cede total control over the means to exist (eat, sleep, clothe oneself, buy guns and ammo...)

EVERY transaction will be scrutinized, taxed, harvested for fees and interest if cash goes away. Have an unpopular opinion about the way things are governed? Oooops! Your account balance is suddenly zero and "we" need to freeze the assets, just for a while, to get a proper accounting, sir...

"Visa's head of global merchant solutions, said in a statement. "We have an incredible opportunity to educate merchants and consumers alike on the effectiveness of going cashless."

An opportunity...heheheh, to re-indoctrinate...er um...educate merchants and consumers alike on the advantage to Us...er well, on the effectiveness of going cashless....

https://www.upi.com/Top_News/US/2017/07/15/Visa-offers-500K-for-eateries-to-stop-accepting-cash/2291500133004/?utm_source=sec&utm_campaign=sl&utm_medium=10

Well, I already use my credit card for 98% of my transactions . . . and the remaining 2% is a real pain in the ass.

I agree there's some risk in not being able to put your hands on your money, but it sure would be convenient to get rid of that green shit, and especially the coins.

okay, so you don't care to ponder the deeper aspects of ceding control over your life to banks and ravenous government... let me hit you where you do think:

Credit costs anywhere from 2-5% of each transaction charged to the merchant who uses Visa/MC/AmEx etc.

DO you think that that percentage is merely absorbed by the merchant? Of course not. It is passed on to you in the form of higher retail pricing.

How much do you spend in a year? How much is 3% of that figure that just evaporates so you don't "have to" carry a coin purse?

I could help you out. I'll come by once a week to collect your unwanted coins.

Just mail me all that unwanted cash - it doesn't even make good toilet paper.

I have a few uses for it though.

The only places that really charge more if you use a card are gas stations and gun stores, the stores that don't charge extra add the user fee to everyone. So it's whatever. If you don't like it go live off the land, it is what it is.

The only time I use cash is when I buy a gun, buying something from a private seller, or one of the rare places that is cash only. I would like it if we had a cashless system, the only cash I really have on hand is 20 bucks in my wallet in case a gas stations card system is down and 500 bucks in my safe if there is a storm and the power goes out for a week.

I don't worry about the government stealing my money, then again I don't fear everything.

Yeah, I understand that I'm paying a few percent more for everything, whether it's obvious or not . . . but like I said, I already do the vast majority of my transactions this way, and I'm doing fine.

I'm thinking you may want to change your name from "Madpick" to "Myopic".

(Sorry, I'm pretty passionate about this subject, and I'm also an asshole that can't pass up an opportunity to poke fun at someone.)

Cash is only good for paying cabinet guys for illegal under the table labor so they can hide income from their ex wives.

I'm good with it . . . and I concede that I'm prioritizing convenience here.

I accept cash.

Last year they were talking about killing the $100 bill.

Study what India is currently doing - man if that's not a power grab, I don't know what is.

Without cash they control you and track you. They want single payer health insurance, they want to get people off wells and septics and out of their cars. You are easy to control when you are reliant on the government. Marxism is great!

And what happens when you can't buy or sell because you own guns?

Or because of your religious preferences?

Or because some unknown 'official' put you on a "No Buy" list with no reason given, no right or means to object legally, etc...


Can we say black market?

Government and banks already have too much control over your future.

Government by virtue of taxation waste, steal, and pork barrel money for reelection, and always spend badly well in excess of actual revenue.

We go to jail for trying to do shit like that, but government is not held accountable.

Banks making hard rules for creditors, but insulating themselves from over leveraged 100 to one investment errors - if the bank goes tits up, you were a " share holder ", not a customer with your money on deposit. If they fuck up, their mistake becomes your bill.

Too fucking bad, you should have read the fine print.

The Constitution clearly states that only Congress has the power to mint and administer coin, or money.

The FED, that slimy group of banking overlords, got their noses into the money tent with Bretton Woods in the thirties, and we have been slaves to government and banks ever since.

Currency is faith based paper now - print to infinity - digital just cuts costs to print, and puts even more control over your life into the hands of government and banks - really bad actors, historically speaking.

Money used to be backed by tangible gold and silver, and there had to be reserves equal to the money in circulation, so that you could at any time convert your token paper cash into real money at any bank.

By law, that was the deal. Now, we got derivatives, credit default swaps, massive deficits, and a shaky hold on the position of being the world reserve currency.

Anything rocks that boat, world reserve currency status goes away, debt crashes value, inflation goes bat shit crazy, and America is gonna make Venezuela and Zimbabwe look like a garden party for the wealthy.

Any moderate to severe financial event can push us right over the edge, and there have been a lot of big defaults going on lately - Puerto Rico, Illinois, Detroit, Connecticut, CALPERS, Dallas pensions, and more.

Do yourself a favor - invest some of your funny plastic or paper money into useful commodities.

I'm thinking at that point we stop being polite and start taking.