Everyone will have to have a number and how much easier to do business when it’s in or on your body!
She was Structuring. Intentionally trying to evade the reporting requirements for large deposits. So the author is not exactly dealing with the facts here.
Of course governments want to eliminate cash, if all savings and transactions are electronic than they can completely control the citizenry.
Cashless populations are much easier to track and control.
Cash is not only anonymous leaving you unidentified as a party making a transaction, but cash can be stored in a mattress or a safe, hiding what you are worth from the government.
Once they ban cash and require some form of electronic money transfer, then not only can they track every transaction, but ultimately they can control it. They will know exactly what you are worth and they can kill the underground economy — which is good and bad. I want illegals aliens to pay their taxes and a no cash system will make it so they can’t hide that money anymore — but I don’t want to lose my freedom in the process, and that is just what will happen. I would rather illegals work under the table than that I lose my freedom.
Either way, cash is going away. The government demands to track our every move and they can’t track cash.
Cash is untraceable , and can come from any source.
How can the FED Govt. tax the banks if they don't know what you have
The only winners in the last 2 election cycles has been the Banks , giving only less than 1% interest, while they charge others significantly higher rates on loans.
That's why the FED will go after the banks ; banks hold money and they have already been bankrupting most other sources with reduced interest on deposits.
Consider it the ultimate "over-reach" as the economy is in decline , because the FEDGovt. is running out of "other peoples money".
Definitely happening. Question is, how to stop it?
Cash won’t become illegal. It will be worthless.
If they went electronic, there would be the chance of a data trail.
Welcome to The Managerial State:
http://en.wikipedia.org/wiki/Managerial_state
Paul Gottfried, in After Liberalism, defines this worldview as a "series of social programs informed by a vague egalitarian spirit, and it maintains its power by pointing its finger accusingly at antiliberals." He calls it a new theocratic religion. In this view, when the managerial regime cannot get democratic support for its policies, it resorts to sanctimony and social engineering, via programs, court decisions and regulations...
In this instance, they're managing us by monitoring our use of The King's Money.
“we have already been trained to regard the use of large amounts of cash to be unusual.”
I haven’t, I bought my airplane with $68K cash and ore receitnly, a custom 36 Cgevy coupe with $35K cash.
Taxation is easier
Cash is freedom and liberty. Of course it is targeted for elinination. Note that each piece of paper is serialized so tracking these daze would be easy to implement. Where’s George as an example.
With the whole boomtown thing going on around these parts, even businesses I have done business with for decades won't take a check from anyone, but everyone takes cash.
100% cash. The only way to go. Government: Track me if you can.
Most bank branches don’t have enough cash for large withdraws and need advance notice to have it on hand. The amount for a report is 10,000 last I checked. I did computer repairs for banks employees and got to know a few people who worked in security. Some of the branches that deal with the largest volume of large cash transaction are near the Mexico boarder.
We just got our State income tax refund check! DID I SAY CHECK? My mistake! The refund was in the form of a debit CARD!
I wanted a check and Cash!
Don’t keep much money in the bank. Its not like you get any interest on it. buy gold and junk silver.
Sooner or later the banks and/or govt is coming to give you the big haircut anyway. Just like Cyprus. Its going to come here too.
I guess they are just going to have to arrest me. I am a cash and carry type of guy.
This is going to create a wealth gap and income disparity as they stifle up and coming gangsta’s in favor for the older more influential 2nd generation International Organized Crime syndicate people. OIC is their TLA.
Did anyone ever read Margret Atwood’s “The Handmaid’s Tale?” I read it about 25 years ago, but remember that one of the things they did was get rid of all cash and put everything on a debit card. (This was written before there were even debit cards yet.) that was so the government could seize all of the women’s assets. Of course, the government in this Liberal author’s wet dream was a conservative Christian dictatorship that used women for breeding. Sort of like the Muslims do in real life.