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

[dainerra]

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.

I don't know about that. Walk into any store, yard sale, bake sale in my area and you will have people staring at your cash in confusion. They don't know how to count back change or even to figure out how much you should get. And we're not talking teenagers but men/women in the 30s or older. They just don't want to waste the time dealing with money. They'd rather that you write a check and then let the cops deal with you if it bounces.

 

[duckinnut]

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.

Cash can't be going away. The president has been printing it like crazy the last few years. I going to try to get an EBT card.

 

[berserker]

I'm a huge fan of cash. I do have credit cards, I'm also very disciplined with them. I also love my check cards because of the convenience that they bring, but I preffere cash. To much plastic and less cash translates to me as slavery, government control and given up privacy.

 

[GardenerGal]

They really need to learn how to do "analogue" stuff in case the electricity goes out! For now, though, they can use a calculator to add and subtract and make change.

I don't know about that. Walk into any store, yard sale, bake sale in my area and you will have people staring at your cash in confusion. They don't know how to count back change or even to figure out how much you should get. And we're not talking teenagers but men/women in the 30s or older. They just don't want to waste the time dealing with money. They'd rather that you write a check and then let the cops deal with you if it bounces.

 

[dainerra]

They really need to learn how to do "analogue" stuff in case the electricity goes out! For now, though, they can use a calculator to add and subtract and make change.

I don't know. I've seen courses offered at some schools in "how to use a calculator"

I've actually gotten confused looks when I've paid in cash. They just stare at money like they haven't seen it before

 

[hemet dennis]

I remember they said there would be no more cash within 5 years and that was 45 years ago.
So I don't think I will worry about it today.

 

[theotherranch]

Cash will not disappear any time soon. As mentioned earlier,the penny costs more than a penny to mint! But every time the US Mint tries to stop making the penny,public outcry overrides the decision. The dollar coin continues to be minted even tho people refuse to use them(collectors love them).

 

[Matthew3590]

Might cost more to make a penny but they save money by making 100's. Also I don't want to end up like australia where they don't get pennies, nickels, and dimes I think. Never would be able to get change. I always have things come out to 27 or 26 cents because of tax.

 

[hemet dennis]

Cash will not disappear any time soon. As mentioned earlier,the penny costs more than a penny to mint! But every time the US Mint tries to stop making the penny,public outcry overrides the decision. The dollar coin continues to be minted even tho people refuse to use them(collectors love them).

They have millions of the dollar coins in storage congress made the mint keep making them.

They will get rid of money when we all have jet packs to travel around.

 

[theotherranch]

The US Mint actually makes money by issuing so many "special" coins like Silver Eagles,gold commemoratives,etc! The whole stink about pennies is over merchants having to round up or down to the nearest nickle. Consumers don't like the round up and merchants don't like the round down! The dollar coin makes sense from a longevity standpoint, but no one(consumers or merchants) like them.