War on cash

[barretcreek]

Just got a box of Remington '06 at Wally World. Paid cash and fumbled with the DL and clerk just said don't bother just tell me your birthday.

[lyman]

walmart here in Chantilly at the Dulles Expo is taking cash,

as in all the fast food joints and convenience store in front of the hotel

[dryheat]

A few decades ago I got my first charge card. Mastercard. I used to wonder how come we can't just use this card to buy groceries? I'd be standing in line and the old ladies would have to mess with their checkbooks to pay. I guess I got my wish, everything is bought with the Cards these days. Maybe Wally hasn't banned cash but I'll bet somewhere near 90% of purchases are made with one.

[BudT]

A few decades ago I got my first charge card. Mastercard. I used to wonder how come we can't just use this card to buy groceries? I'd be standing in line and the old ladies would have to mess with their checkbooks to pay. I guess I got my wish, everything is bought with the Cards these days. Maybe Wally hasn't banned cash but I'll bet somewhere near 90% of purchases are made with one.

I've nothing against using a CC or Debit card and I do use both but I usually only use them for certain items or situations and grocery's are not one of them. Oh yes I have used the plastic a few times for grocery's but it's not nor will it become the regular with me or my wife. One of the things about this I really hate is for some stranger trying to tell me what to do with my own money, no doubt some leftist in some office that feels that they have the right to impose a lifestyle their lifestyle they like upon someone they don't know or more correctly they hate. Yes, I have watched quiet carefully over the years the evolution of this plastic society and seen them whip out the plastic to buy a cup of coffee and much much more, it is their adopted lifestyle and they can have at it, but not me. What I do know about it is from first hand experience and in addition what their reps have flat out told me to my face and I don't care if they are full of chit or not I don't care if it is Wally Worlds policies or not it happened with or without WW blessings. I haven't been back since the last time they refused cash, shopping is just as easy in other stores although WW is convenient but only because of it's location and proximity. All that is pretty easy to overcome as a few blocks more and WINCO and COSTCO are just a few minuets farther and gas is actually closer. A cashless society is just like a disarmed society, controlled by those with guns and cash. The same bunch of pukes want you to take the covid shot and it isn't out of concern for your health but for control.

[Vern Humphrey]

A cashless society is just like a disarmed society, controlled by those with guns and cash. The same bunch of pukes want you to take the covid shot and it isn't out of concern for your health but for control.

Well, I've got the guns and plenty of ammo -- but I need more cash.

[Johnny P]

Walmart is promoting the self checkout to the point that the local store is barely manning the regular checkout lanes. Customers are backed up all the way to the ladies lingerie department on the single checkout they have open. At the self checkout they have anywhere from 3 to 5 employees watching for people not scanning items.

[Vern Humphrey]

Walmart is promoting the self checkout to the point that the local store is barely manning the regular checkout lanes. Customers are backed up all the way to the ladies lingerie department on the single checkout they have open. At the self checkout they have anywhere from 3 to 5 employees watching for people not scanning items.

There you see the results of raising the Minimum Wage -- with fewer cashiers, Walmart will have fewer minimum wage employees.

For the benefit of the poor, the government is restricting their access to the route into the Middle Class.

[Allen]

I heard all my life that it cost more than a penny to make a penny. Never heard anything about the other coins. When we were young you could actually buy things for a penny, a nickel, dime, or quarter.

Now, all I see coins used for (if paying with cash) is to pay odd amounts usually a result of sales tax.

I can see those $ numbers simply being rounded up and the gov't stop making coins as a start of things.

Drink, candy machines take bills now. I stopped at a gas station the other day to use their coin operated vacuum on my car. It took CC's.

[BudT]

Penny candy, dime cokes and quarter matinee at the movies, I grew up with them. I went to Montana a few days ago and paid cash for all of my gas, food and even washed my vehicle with quarters at the car wash. Everything else was paid for in cash including the motel room. Walmart even took cash, I wanted to see if it's a local thing and looks like it is. Using a MPC type paper money would eliminate the use of coin but it's un-constitutional in country cause like fiat currency it ain't coin, coin being the only legal constitutional money . Fiat money is nothing but paper that your supposed to be able to believe is good, it ain't it's just paper that has no real value. If you want real value money go buy some silver and gold mint coins, they have real value.

[togor]

Actually a cash-only society would have transactions limited by the availability of cash, a commodity with a government monopoly. Bank drafts, paperless transactions, these are ways to bypass bottlenecks on physical money.

Imagine having to actually exchange gold coins to transact business. We'd have an 11th century economy all over again.

[barretcreek]

Imagine having to actually exchange gold coins to transact business. We'd have an 11th century economy all over again.[/QUOTE]

One reason FDR had to do away with gold. There wasn't enough to grow the economy, nor monetize the value of Wall Street.

[Johnny P]

The U. S. government has more and more influence on the economy of the U.S. That is a scary though with the wisdom with which the U.S. government is now being run. The U.S. Treasury can hardly print new money as fast as the government is spending it.

[togor]

Which government is preferred? China?

I suppose we could go back to getting billionaires to bail out the banking system after speculators take things too far.

[BudT]

Actually FDR didn't get any where near all the gold in and they paid something like 24 dollars per for it. The moment they "thought" they had most of it they raised the price to 35 dollars per, good old FDR the shining example of a socialist that he was. I bet they don't get as much of it back next time as they did the first time. Ask the Germans about monetizing they have it all figured out, the government here is doing almost the same thing here right now and in a bigger way with "quantitative easing", gonna be the same effect for this country as it was for Germany, not good. But hey a socialist utopia while standing in a bread line or waiting for the soup kitchen to open and of course the way out will be just like last time, WAR.

[togor]

FDR's Social Security program turned out to be pretty popular. And LBJ's add-on, Medicare.