CASH is POWER! But.......

[rebelcowboysnb]

The benefit to the Government is it would cut into the underground economy.

No, not really.... Cash is no longer king there ether...

 

[hemet dennis]

No, not really.... Cash is no longer king there ether...

Anything that leaves a paper or electronic trail is easier to track, and tax.

 

[Imp]

If I knew a store was making 3% more when I used cash, I'd be expecting a discount or I'd be spending my money elsewhere.

Imp

 

[GardenerGal]

Stores used to have "credit tabs" for regular customers. You could take home groceries or whatever and the store owner would write down what you owed in a ledger and bill you at the end of the month. When I was a kid, the corner grocery-delicatessen let us have a running tab like that, so my parents could send my brothers and me shopping without money.

Now the population is much bigger and there are more big, impersonal chain businesses, so the personal "corner store tab" doesn't work there. But people still want to buy on credit ... either for convenience of not carrying cash, or because really they can't afford what they want to buy, but credit lets them get instant gratification and they can pay back over time (and with interest). It works in the best interests of the business -- they can convince people to buy stuff they can't afford, and the business makes a profit because they get paid by the credit card company no matter what. Both the customer and the business get "instant gratification."

Credit works better, it appears, for the big businesses because they can absorb the 3% credit card fees; small mom-and-pop businesses with lower profit margins suffer from that fee, though. They are better off receiving cash, in my opinion, but they have to offer to take credit cards because it's a convenience that consumers now expect and demand.

I can't see homeowners taking credit cards at a yard/garage/tag sale though, or church bazaars and charity bake sales. Cash will always have its place.

And what if we eventually have our technology destroyed by hackers, or war and massive power outages? We'll be back to barter! And those who have backyard chickens and eggs to trade, will RULE!!!!!!!!!!!!!!!!!

 

[Bullitt]

We don't even have a debit card. We have only an ATM card that, by our choice, cannot be used like a debit card. We have no cell phones, either, and haven't for years. Don't intend to get them again. Guess us lowly peons will have to barter on the sly.

Why did you get rid of cell phones?

I got rid of all my credit cards a couple years ago. But I use a debit card that takes money right out of my bank account. It is convenient to have a debit card. But I got rid of the credit cards, because if I don't have the money to buy something I should not be buying it. And the fees and interest make using a credit card very expensive.

It used to be a little easier for kids to understand money when there was physical cash. Now that it is mostly a plastic card, kids just think you can go to the store anytime you want something and use the magic plastic card.

 

[RandyChickens]

We don't even have a debit card. We have only an ATM card that, by our choice, cannot be used like a debit card. We have no cell phones, either, and haven't for years. Don't intend to get them again. Guess us lowly peons will have to barter on the sly.

I HAVE A QUICK QUESTION, WHICH AREA OF THE COUNTRY ARE YOU IN? US OR CANADIA AREA? HAVE YOU EVER TRIED MINING FOR GOLD AND WHAT WERE THE RESULTS? I'M VERY INTEREST IN THIS.

 

[Mattemma]

I heard about this. We are already getting closer to it.Dh's check is just numbers posted on his bank account that disappear quickly as we pay bills. I hardly even mail stuff anymore. I told the kids to save their coins even though most now have no REAL value.Even pennies that used to be mostly copper(pre 82) are now mostly zinc. Monopoly money!

http://www.coinflation.com/

Stories about the germs on money and the ease of digital will allow it to happen.It won't be so hard.Look how easily we accept things the government does now like invading countries or our pathetic health care.Look how we accepted government bailout money being used to give bonuses and vacations to bank leaders.We complain about it and then we accept it simply because we feel their is no other option.

I guess we will save even the junk coins,but there will come a time when people will no longer look at those as valid money.Perhaps people locally will start to barter. I read of some places trying to create their own money,but it did not last long.Not enough people participated.Might have been in Maine or some state in that area.Lol,what a mess it would be if we went digital with everything and then an EMP knocked it all out.

 

[KBlue]

I think if the official US currency were phased out, you would see a rise in bartering and local/regional currencies. There is so much ease in a cash transaction, that I do not think it will go away completely.

 

[rebelcowboysnb]

Lots of city's an Counties have there own local money. Dade County (Trenton) Ga does. Its called the Dade Dollar.


Also if we look at history, at the beginning the civil war US paper money became hard to get. Confederate money was printed by local banks. The money its self was worthless but people took it anyway an traded it but they mainly went back to the barter system. To this day the term "Confederate Money" is used to mean two things.

It can mean worthless as in:

Its only worth a little confederate money.

An it can mean wanting to trade as in:

Are you willing to talk confederate money or cash only.


Both meanings fits my farm an its name.

 

[conny63malies]

Wow i need to check that out!!!

Lots of city's an Counties have there own local money. Dade County (Trenton) Ga does. Its called the Dade Dollar.