Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: Red Badger
The U.S. Treasury Department confirmed a couple weeks ago that there is a national shortage of coins and small bills.

Here in Seattle, most banks and businesses have no quarters.

Apparently, COVID-19 has caused a massive shift to online purchases and card payments.

The huge amount of cash that circulates through bars, restaurants, vending machines at work, churches, and retail stores has basically dried up because most of those establishments are closed or doing very limited business.

The coins and bills are still out there, but they are not being spent or deposited in banks.

29 posted on 08/21/2020 8:34:49 AM PDT by zeestephen
[ Post Reply | Private Reply | To 1 | View Replies ]


To: zeestephen

It’s all in ashtrays in millions of cars across the nation.............and couches..............


31 posted on 08/21/2020 8:36:08 AM PDT by Red Badger (Sine Q-Anon.....................)
[ Post Reply | Private Reply | To 29 | View Replies ]

To: zeestephen
The huge amount of cash that circulates through bars, restaurants, vending machines at work, churches, and retail stores has basically dried up because most of those establishments are closed or doing very limited business

That never made sense to me. If the bars and restaurants are closed and the vending machines aren't being used, I would expect the owners to deposit all the cash they have in a bank rather than keep it on site. Maybe some vending machines are trapped in closed businesses, but other than that I expect closed businesses would mean more cash in the banks.

75 posted on 08/21/2020 10:40:52 AM PDT by KarlInOhio (In 2016 Obama ended America's 220 year tradition of peaceful transfer of power after an election.)
[ Post Reply | Private Reply | To 29 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson