I think, and I am afraid that the government is planning to stop all cash transactions. With everyone wanting direct deposit, debit payments, online payments, pretty soon there will be no cash. That means no under the table payments, no drug transactions, no hoarding cash, no bank robberies, no cash or coins whatsoever. No one will be able to have privacy for anything they buy or sell.
Can you imagine, no yard sales, no bake sales, car washes, etc. Everything will be electronic and people won’t be able to afford to do small transactions of any kind.
Cashing in accounts might be more costly than ever.
direct deposit is an easy way to go....don't have to worry about picking up a check and taking it to the bank...but then again, the govt knows exactly how much money is deposited..
if you pay your bills with check or credit card...they know...
if you pay for groceries...or ammo or gas or prep supplies...they know....
okay...I guess you could go to the bank and withdraw money and pay for everything with cash.
Then we'll have to resort to the barter system.
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I hope not! We pay with cash as much as possible. Even large purchases. The less the government knows of our spending habits, the better for us.