The War on Cash
- Thread starter House of Wax
- Start date
Ronkh
Wax Waster
wow
Poorboy
Founder Poorboy's World
Ronkh
Wax Waster
I don't remember paying for anything more than a swimming pool or two......hey you get a free room and upgrades
Poorboy
Founder Poorboy's World
I don't remember paying for anything more than a swimming pool or two......
or the hot women dealers mortgages :redcard:
dcjredline
New member
I agree with Ray...get rid of the pennies AT LEAST. Geesh.
I too use cash for 85-95% of my transactions and hope it never goes away completely, especially for the gov tracking reasons in that article.
I too use cash for 85-95% of my transactions and hope it never goes away completely, especially for the gov tracking reasons in that article.
Bunky
Detailing Gnosis
What if I told you there is a tax on many major transitions even in states without taxes...there is, it is the handling fees that banks and processors get from every debit and credit transaction.
We've been through this "discussion" on a cashless society before. We ARE a cashless society, to a great extent. Most everyone uses debit card payments or electronic deposits or payments of some sort.
I dislike the idea of a cashless society, BUT it does allow the government to automatically tax monetary payments between parties; no more black (or grey) market cash transactions. Will it come?? If the federal government wants your money to pay its debt requirements, it will do what ever is necessary to carry out that means, including banning cash and turning your monetary assets into electronic accounts by issuing federal debit cards. Everyone THINKS this is impossible; American citizens would NEVER allow this. My point is that much of our (all USA citizens) federal debt is owned by overseas governments and individuals who may impose those economic "requirements" on the USA and we would be forced to abide by them. While this is purely conjecture on my part, the plausible reality is there, and the very fact that we are even discussing this issue on a car detailing forum speaks volumes about the serious concern to those of us in the car-care/detailing business.
There is a reason that the Bible talks about silver and gold, and in that order. Gold has long been the standard for monetary paper notes backing. Gold is used for jewelry and electronics and in small cases, medical and dental work. That's about the extent of its real application and use in present-day society. Silver, on the other hand, is used extensively in everything from solder, to mirrors, to medicine, to anti-microbiotics, to electronics, to jewelry, and the not-to-be-forgotten monetary coins. There is a HUGE demand for silver that cannot be met by today's supply. How do I know?? The federal government does not mint enough Silver Eagle one-ounce bullion to meet demand because it cannot get the raw metal on the free market to do so, even when federal law REQUIRES the
US Treasury Department to do so. Silver is an easier method of payment of smaller debts because of its relative worth as compared to gold, usually about 10:1. It's much easier to pay with a few silver bullions worth a $100 than a gold bullion worth $1,300. Or even using real silver coins like those minted before 1963. Owning/possessing precious metals in the form of recognizable and accepted coins and bullion still have their place as means of hedging and surviving in uncertain economic times such as these.
I dislike the idea of a cashless society, BUT it does allow the government to automatically tax monetary payments between parties; no more black (or grey) market cash transactions. Will it come?? If the federal government wants your money to pay its debt requirements, it will do what ever is necessary to carry out that means, including banning cash and turning your monetary assets into electronic accounts by issuing federal debit cards. Everyone THINKS this is impossible; American citizens would NEVER allow this. My point is that much of our (all USA citizens) federal debt is owned by overseas governments and individuals who may impose those economic "requirements" on the USA and we would be forced to abide by them. While this is purely conjecture on my part, the plausible reality is there, and the very fact that we are even discussing this issue on a car detailing forum speaks volumes about the serious concern to those of us in the car-care/detailing business.
There is a reason that the Bible talks about silver and gold, and in that order. Gold has long been the standard for monetary paper notes backing. Gold is used for jewelry and electronics and in small cases, medical and dental work. That's about the extent of its real application and use in present-day society. Silver, on the other hand, is used extensively in everything from solder, to mirrors, to medicine, to anti-microbiotics, to electronics, to jewelry, and the not-to-be-forgotten monetary coins. There is a HUGE demand for silver that cannot be met by today's supply. How do I know?? The federal government does not mint enough Silver Eagle one-ounce bullion to meet demand because it cannot get the raw metal on the free market to do so, even when federal law REQUIRES the
US Treasury Department to do so. Silver is an easier method of payment of smaller debts because of its relative worth as compared to gold, usually about 10:1. It's much easier to pay with a few silver bullions worth a $100 than a gold bullion worth $1,300. Or even using real silver coins like those minted before 1963. Owning/possessing precious metals in the form of recognizable and accepted coins and bullion still have their place as means of hedging and surviving in uncertain economic times such as these.