Why Elites Are Winning the War on Cash

Daily Reckoning ^ | James Rickards

[dp0622]

I’ve already lost the war on cash. I have none lol.

[headstamp 2]

Classic example of the government/corporate complex.

Of course they want cash done away with. They’ll get a piece of every monetary transaction by government mandate.

Government will be able to track all buying activity. (taxes)

[lavaroise]

This is a form of monopoly control on money, a cult taxation by banks, forcing people to use their institutional tools

[LegendHasIt]

Any ‘brick & mortar’ store that I go into that refuses my cash will never get a dime’s worth of business from me..

[faithhopecharity]

As of today, it is illegal for a merchant to refuse cash. Not saying what the future may bring, though, since credit cards are already accepted by fu@@ing parking meters, even. Soon, pay toilets?

[roadcat]

What’s a poor man to do? Asking for spare change on the street, met with a blank stare and asked “Do you take VISA?”. Oh, the huge manatee.

I use cash for almost everything. Easy to tell when to stop spending, your wallet gets thinner when the cash disappears. Makes you think twice about buying when only a few bills are left in the wallet. Plus there is no tracking database on your purchases if you use cash and don’t give your name.

[Fungi]

Not funny. It is about control. When you can not see and control what you own that is in your pocket, you are a pawn to whomever controls it. What happens when these credit card companies control all transactions and know of your history, what sites you visit, and arbitrarily decide you are not worthy of "continued credit" through their auspices? You are screwed, a pariah, castigated and jettisoned from society; you are not capable of buying anything. The mark on the hand or forehand is closing in faster than we thought.

Rev. 13:16: It also forced all people, great and small, rich and poor, free and slave, to receive a mark on their right hands or on their foreheads, 17 so that they could not buy or sell unless they had the mark, which is the name of the beast or the number of its name. 18 This calls for wisdom. Let the person who has insight calculate the number of the beast, for it is the number of a man.[e] That number is 666.

[Edward.Fish]

Visa is offering certain merchants a $10,000 reward if they refuse to accept cash in the future.

I wonder if it would be grounds for a lawsuit — after all, the note says “THIS NOTE IS LEGAL TENDER FOR ALL DEBTS, PUBLIC AND PRIVATE” doesn't it?

[Mears]

“Mastercard Chief Executive Officer Ajay Banga “

And the president of Google is Sundar Pichai-——these names are hard to remember——Oh for the good old days.

.

[TexasGator]

Trash article

[upchuck]

Thus far, none of the stores where I shop refuse cash. However, the first time they do will be my last time there.

I use a debit card for online purchases and at the ATM. And some of my monthly bills are paid through bank transfer. But all the day to day stuff, eating out, grocery, gasoline, etc. is paid with cash.

As they say, “Cash is king!”

[alexander_busek]

I wonder if it would be grounds for a lawsuit — after all, the note says “THIS NOTE IS LEGAL TENDER FOR ALL DEBTS, PUBLIC AND PRIVATE” doesn't it?

The debt is not incurred until the item is sold. If the merchant refuses to sell the item, then no transaction has taken place. Merchants generally have the right to refuse to deny service.

Potential customer: "I want to buy this with cash!"

Merchant: "Leave my store!"

Regards,

[sparklite2]

I stopped paying with cash years ago. Wouldn’t have it any other way, now.

[TexasGator]

Click-bait articles have a way of, say, writing click-bait statements.

[ROCKLOBSTER]

Then there are the a-holes who use a hundred to pay for a $5 purchase.

[Garth Tater]

Lawsuit? When the govt is pushing hard to take away our freedom of dealing with one another in cash do you really think a lawsuit would be heard in one of their courts?

[SaveFerris]

[“Mastercard Chief Executive Officer Ajay Banga has been one of the most ardent supporters of ditching paper currency in the U.S. The 57-year-old first declared his war on cash in 2010.” ]

Eliminate physical cash - make all transactions electronic - what could possibly go wrong?

[SaveFerris]

Good work.

[SaveFerris]

[The U.S. got rid of its $500 note in 1969]

Uhh, I had $500 and $1000 bills in the 1990’s. Several times.