Cashless Business Ban Goes Into Effect In New York City

Youtube ^ | 11/30/20

[dinodino]

What “cash guarantees?” I still don’t understand what you’re saying. The businesses accept both cash and credit

[Svartalfiar]

Note, however, that individual bills are serialized and thus very trackable by the Deep State, should they desire.

And how would they do that? The most they can track them is what pallet of cash went to what bank.. The only way they're actually traceable is if every bank recorded who withdrew each and every serial number, then each store recorded each and every serial number, and so on. Not really realistic at all.

[Paladin2]

"Not really realistic at all"

It's very realistic to read every bill at every commercial transaction. A simple scanner hooked up to the 'net is not very expensive.

If one can deposit a check to a bank using a pic taken by one's cell phone, taking pics of all bills is not a much bigger deal.

[lurked_for_a_decade]

The serial numbers of every dollar going in and out of a financail institution is tracked. That is all I will say.

[Svartalfiar]

It's very realistic to read every bill at every commercial transaction. A simple scanner hooked up to the 'net is not very expensive.

If one can deposit a check to a bank using a pic taken by one's cell phone, taking pics of all bills is not a much bigger deal.

Yes, I've thought of that but there's several issues for that to actually be realistic.

Now every company has to purchase a scanner and connect it at every PoS they have. What happens if a bill doesn't scan? Does the company refuse to accept it? What happens when customers get mad but the business still refuses to accept legal tender? What if the customer doesn't have enough other bills to try scanning? Do banks exchange unscannable bills? How do they scan them to be sure they're on the up-and-up? How long is it gonna take to scan several bills? How does the system tie that in to who is using it (otherwise, it's not really much of a tracking system..)? Is the cashier required to check ID and type in the name of every single person using cash? What if a scanner or connection goes down? Does the company have to stop using that particular PoS? Who is recording all of these transactions? Does the store keep a local server for this, like the 4473 logbook? Or is it ATF/NSA that's gonna keep track of this? What are the consequences of the store not keeping these records for a certain amount of time (say, 20 years)? Do you get in trouble if you use cash to purchase groceries for another person? What if you're under 18? What if the scan comes back that you don't have the mark and aren't allowed to purchase any food?

[Svartalfiar]

The serial numbers of every dollar going in and out of a financail institution is tracked. That is all I will say.

So they know which banks handed out the bills, and which banks had them deposited. They still don't know by whom or what happened with the bills in the intermediary timeframe.

[Paladin2]

The gov’ts collecting sales tax at every taxable transaction proves the concept.

[Svartalfiar]

The gov’ts collecting sales tax at every taxable transaction proves the concept.

The government does not collect sales tax at every sale. In fact, the government collects almost no sales taxes except for after the fact. The company applies a percentage surcharge (same way they apply a military discount or similar), and at the end of the night when the PoS software runs it's end-of-night reporting, it adds all that up. The business then files a return, and depending on State/size/other factors, may file monthly, quarterly, or other. It's not like every bill of sale is submitted to some government agency who then calculates the sales tax on it. The business just adds 8.25% (or whatever) to your bill on items listed in the computer as taxable.

Similar if you buy a car in a personal transaction. You, the buyer, aren't charged sales tax until you try to register the vehicle, and the State will charge you based on your reported purchase price.

[lurked_for_a_decade]

100% tracing is not necessary. Most bills are spent in one establishemnt, not handed out as change, and deposited that night in the establishments financial institution.

A nice model of a persons shopping and purchase habits and or a businesses clientele can be built from the data. I’m not saying anymore. ;)

The data about who received what, from whom and where it went is just as important as where it didn’t go.