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  • actaeon277

    Grandmaster
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    4   0   0
    Nov 20, 2011
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    Well, the test is, if they keep making money, then it's gonna happen.
    If no one does business with them, then it won't.


    Though I do think the case could be made for discrimination for the poor.
     

    Tombs

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    Jan 13, 2011
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    Just because something is legal tender does not mean that an establishment is forced to accepting it.

    Pennies are also legal tender, no? Would you expect a gas station to take $50 in pennies to pay for a tank of gas?

    How about when gas stations say they won't accept anything above $20 bills? Aren't 50s and 100s also legal tender?

    Vendors can set the policies they want - within reason - and within the law. Not accepting paper money or coins is within their purview.

    This mindset is the reason for my signature line.

    The boxcars heading to the "showers" aren't suddenly any better because they have a walmart logo on the side.

    As for the cashless thing, the ultimate danger and what is almost 100% assuredly going to happen is that your accounts can be controlled through various corporations talking to each other and suddenly deciding your facebook post wasn't acceptable. With cash they can't leverage you that way. With a card, you're at the whims of what ever is the trend for corporations to do at a given time. And given the way of things today, I'd say almost anyone on this site has reason for concern.

    Sometimes freedom requires taking the less efficient route. But as long as crypto is around and growing in utility with retailers, there will be a freedom oriented option.
     
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    jsx1043

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    Apr 9, 2008
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    Napghanistan
    Wow. I didn't realize how deep Lucas Oil Stadium's control over our economy was. Insidious.
    As a smart-alecky yet truthful proposition, I’d say just as much as the Colts, the Pacers and IBE. Which is to say, a LOT.

    I understand your pragmatism and skepticism, but overall what I see happening is a further divide in class. Moving to a digital economy removes liberty and increases control, be it from the government or private business. Private businesses... sure you can go somewhere else. But what happens when the system is used against you as a form of social behavior control? It’s already in place in China with their digital yuan, and increasingly happening in Australia, France, Greece, New Zealand, England, San Francisco. New York and New Orleans.

    Measures like the growing trend only emboldens those same power brokers like the owners of Lucas Oil, the Pacers, the Colts, etc., to create a caste system where only those who play by their rules and can afford to partake in those types of venues or events. But in France, thug bouncers are attacking people and keeping them from entering grocery stores to get regular supplies - and that’s just with a vaccine passport in place. What happens when the bank you use decides it doesn’t like your stance on X,Y or Z and restricts your funds? PayPal and Venmo are already doing that with firearms-related items.

    I’ll be the first to say that cash money is quickly tanking and that it’s only just now after 20 years of a decent paying job that I can finally afford to fix my house, let alone be able to afford to take my kids to baseball game or to the Indy 500 (which I still can’t afford, unless I stack some part time.) But cash offers ANYONE the greatest amount of freedom to move up in economic status and build a better life for themselves. Yet we’ve still had to endure massive amounts of devaluation and inflation based on the Fed’s whims and the separation from the gold standard. Right now, at least cash has bargaining power. That’s why you can go to a little car lot and offer $3500 in cash for a $5000 beater and most likely drive it off the lot.

    Once everything is digital, your movement, your purchases, your spending habits, your credit history, heck, even your medical records are all up for decision making points on whether you might be able to make that purchase. If it were to be a decentralized digital solution, where no banks are involved, I’d say it bears some better safety against influence. But since the policy makers have poo-pooed things like Bitcoin only to prop up bank-controlled digital currencies, given what we’re seeing out of the world today, I’m not going to rest on the assumption that it’s just so they can get their cut. Especially when it’s coming directly out of the mouths of the IMF and WEF power brokers when they say that control is one of the key aspects of digital currency.

    Is it coming? Yes.

    Will it operate with the best interests of the citizen in mind? Given how our government has operated monetary policy since at least 1971, I’m going to hazard the answer will be a resounding, “no.”
     

    Drewski

    Master
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    0   0   0
    Sep 4, 2019
    1,686
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    Deep South Side
    This mindset is the reason for my signature line.

    The boxcars heading to the "showers" aren't suddenly any better because they have a walmart logo on the side.

    As for the cashless thing, the ultimate danger and what is almost 100% assuredly going to happen is that your accounts can be controlled through various corporations talking to each other and suddenly deciding your facebook post wasn't acceptable. With cash they can't leverage you that way. With a card, you're at the whims of what ever is the trend for corporations to do at a given time. And given the way of things today, I'd say almost anyone on this site has reason for concern.

    Sometimes freedom requires taking the less efficient route. But as long as crypto is around and growing in utility with retailers, there will be a freedom oriented option.

    Reminds me of prepping my great aunt's house to sell. They were depression era kids. I won't get into the amazing collectibles they saved, but there was cash hidden EVERYWHERE. In jars, behind shelves, hell - one room had a f***ing layer of cash under the carpet. All in all, about $50k, and that was just what we found. I bet the buyers were pleasantly surprised when they did some renovations.

    I'm beginning to think they had a good idea.
     

    Tombs

    Grandmaster
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    0   0   0
    Jan 13, 2011
    12,089
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    Martinsville
    Reminds me of prepping my great aunt's house to sell. They were depression era kids. I won't get into the amazing collectibles they saved, but there was cash hidden EVERYWHERE. In jars, behind shelves, hell - one room had a f***ing layer of cash under the carpet. All in all, about $50k, and that was just what we found. I bet the buyers were pleasantly surprised when they did some renovations.

    I'm beginning to think they had a good idea.

    The main problem with that is inflation.

    Ideally you'd do that with gold. If they had done that with gold, instead of $50k you probably would have had something close to a million dollars.
     

    Drewski

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    The main problem with that is inflation.

    Ideally you'd do that with gold. If they had done that with gold, instead of $50k you probably would have had something close to a million dollars.
    Good point. But what if they lined it with bitcoin? It would have been worth like a billion dollars. Or more.

    I also may have mentioned collectibles. Some of them were of certain elemental makeup.
     

    BehindBlueI's

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    Oct 3, 2012
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    As a smart-alecky yet truthful proposition, I’d say just as much as the Colts, the Pacers and IBE. Which is to say, a LOT.

    I understand your pragmatism and skepticism, but overall what I see happening is a further divide in class. Moving to a digital economy removes liberty and increases control, be it from the government or private business. Private businesses... sure you can go somewhere else. But what happens when the system is used against you as a form of social behavior control?

    Isn't that why people who believe in this sort of thing buy silver and gold? The notion that this is "real" money and will always be accepted as a method of obtaining goods?

    You can be "cashless" and be anonymous. Why do you think scammers have people buy pre-paid gift cards. I can go "donate" plasma and get a prepaid visa card without my name attached to it if I need to anonymously buy my hot dogs.

    If it's to the point that banks refuse to allow you to do transactions based on your political affiliation, would it not be much less complicated to just black ball people in the old style ways? Joe can't shop here. Of course, I've been called "socialist" on INGO for daring to suggest everyone should have equal access to the marketplace, so it's probably socialist to not allow blackballing anyway and should be cheered as a win for personal liberty.
     

    trimman83

    Marksman
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    2   0   0
    Jun 22, 2010
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    Warren Park
    "If it were to be a decentralized digital solution, where no banks are involved, I’d say it bears some better safety against influence."

    ^^^^^^^^

    This was and has been exactly my idea on the issue. As in Bitcoin, if transactions and account balances were logged, yet the holder/user/buyer/seller were not tracked and infringed upon in any way, I think it would work splendidly(now there's a word not thrown out there often)

    I know Ceasar has to get his share, but there would still be solutions to that. Tracking the every financial move of Citizenry is beyond what I care to accept.

    So many things are kept track of just by use of this site and any social media. Then the phones we all carry. Or the timeclock we punch. Or the traffic cameras. CC cameras. Door bell cameras. Company GPS. The IP address of the keyboard from which I type. The list goes on.....But, nothing will control us like the careful eye to the 5 W's of the money trail, IMHO.
     

    BehindBlueI's

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    Tracking the every financial move of Citizenry is beyond what I care to accept.

    It's already done. By private enterprise. The good news is it is often semi-anonymous and silo'd within the organization or just for marketing purposes. Your grocery store knows more about you then you'd like to think.
     

    cobber

    Parrot Daddy
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    Sep 14, 2011
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    Somewhere over the rainbow
    Not so much tracking what you buy, as much as denying payments to politically disfavored businesses or industries. Thinking here of firearm manufacturers, but others will be targeted as well.
     
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    Leo

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    Mar 3, 2011
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    Lafayette, IN
    I talked with my lawyer about this a while ago. Tactically fat is right. US currency IS legal for debts transacted with a dollar amount. But no one is bound to accept it for a new transaction.

    Say you wanted my gun collection, but I only wanted your 1966 Chrysler Newport for it, that is the terms. I could not be legally forced to take the cash value of the car in currency. I could still legally hold to the original terms.
     

    Leo

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    Mar 3, 2011
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    Not so much tracking what you buy, as much as denying payments to politically disfavored businesses or industries. Thinking here of firearm manufacturers, but others will be targeted as well.
    Some of the Credit Card processing companies already do that. We changed processing companies 3 times when I worked at the store. Just like ebay will not allow gun sales.

    There is a concern that insurance companies will start charging more if they can monitor how much liquor you buy or if they think you eat too many fatty foods. You can bet there is already someone figuring how to profit from things like this.
     
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    Leo

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    The main problem with that is inflation.

    Ideally you'd do that with gold. If they had done that with gold, instead of $50k you probably would have had something close to a million dollars.
    I was hired to clean out an old immigrants house when he died. Nothing fancy, just the bare minimum, old, functional house. It was evident he understood currency problems. The man had worked as a machinist. In the basement were 5 gallon metal cans of used black cutting oil, full of chips and everything. When we went to move them, they were full of silver coins. Probably 40-50 pounds of silver per bucket. Maybe 20 buckets. Even at the $4.50/oz price then, that was a ton of savings. Too bad he died without enjoying it
     

    GIJEW

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    Mar 14, 2009
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    My opinion? It will never happen completely. There will always be free thinkers that will be willing to trade and barter with other valuables or labor. The more government puts the squeeze on, the more people will come up with ways to circumvent the system. The large companies and corporations will only end up hurting themselves and it will eventually bring back the popularity of small businesses.
    Totalitarian states--typically communist--generally choke and destroy their economies so people turn to barter because goods aren't available in official stores or the currency is worthless. But that's just subsisting in a place like venezuela. A barter economy isn't going to develop into thriving small businesses, an abstract measure of value is needed for that
     

    GIJEW

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    trimman83 said:


    Tracking the every financial move of Citizenry is beyond what I care to accept.
    It's already done. By private enterprise. The good news is it is often semi-anonymous and silo'd within the organization or just for marketing purposes. Your grocery store knows more about you then you'd like to think.


    BBI, it's only PARTLY done. Like you said it's contained within businesses and decentralized. If fed.gov bans cash and establishes a digital dollar, they'll mandate banks allow them to see how they're being spent too--in the name of fighting organized crime, tax fraud, etc. They'll be sure to ban non-governmental crypto currencies to eliminate any privacy
     

    NKBJ

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    Isn't this where somebody usually pops in with a comment about conspiracy theory and inserts a tin foil hat emotie ?

    Decades ago Christians were tracking the stated intents of those working towards this system, trying to warn the public because they recognized what scripture warned about. If you look back in time at how the truth was received it shows precisely how this has been allowed to happen. If you look forward in time it shows what scripture says is coming.
    :)
     
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