Paper money (dollars) will be obsolete Soon
Printed From: Unofficial Allis
Category: Other Topics
Forum Name: Shops, Barns, Varmints, and Trucks
Forum Description: anything you want to talk about except politics
URL: https://www.allischalmers.com/forum/forum_posts.asp?TID=173344
Printed Date: 02 May 2024 at 12:36pm
Software Version: Web Wiz Forums 11.10 - http://www.webwizforums.com
Topic: Paper money (dollars) will be obsolete Soon
Posted By: Gary in da UP
Subject: Paper money (dollars) will be obsolete Soon
Date Posted: 05 Aug 2020 at 10:50am
| Yet no one here has bought this up? |
Replies:
Posted By: ac45dave
Date Posted: 05 Aug 2020 at 10:54am
God help us if/when that happens.Big brother ruling your life. ------------- 54 wd-45gas ; 56 wd-45d N/F w/fact p/s ; 63 d-17 sIII N/F gas ; 60 D14 N/F ; 67 d-17 sIV N/F gas ; 63D15 sII W/F; 39rc#667 ; 2021 massey 4710 fwa ; gravely 2 wheel tractors |
Posted By: Gary in da UP
Date Posted: 05 Aug 2020 at 10:56am
| Jan 1st2021 after that there will only be digital dollars. |
Posted By: Michael V (NM)
Date Posted: 05 Aug 2020 at 4:10pm
|
So,, the few Benjamin's I've got stashed won't be any good? WTH am I gonna do with them? Use them to start a camp fire? These are my tractor show expense money...and yea, I work to save them for that,,and well,, a few other things too... |
Posted By: nella(Pa)
Date Posted: 05 Aug 2020 at 4:22pm
|
Cashless society. They have been working on this for years.
|
Posted By: JC-WI
Date Posted: 05 Aug 2020 at 7:02pm
|
guns ammo food for barter... ------------- He who says there is no evil has already deceived himself The truth is the truth, sugar coated or not. Trawler II says, "Remember that." |
Posted By: steve(ill)
Date Posted: 05 Aug 2020 at 7:06pm
|
CASH is not going anywhere... used for small transactions / flea market / etc .... MOST of the big purchases in the country have been going electronic ( credit card) for years... I put $100. in my wallet and it lasts for 3 months... Use the VISA card for EVERYTHING. ... gas / grocery / fast food / hardware store / Menards. ------------- Like them all, but love the "B"s. |
Posted By: DMiller
Date Posted: 05 Aug 2020 at 7:25pm
| Same here Steve, for those 'Instant Buys' cash is still King, use the cards for that which is not an important Instant Buy. |
Posted By: FREEDGUY
Date Posted: 05 Aug 2020 at 7:59pm
Can you verify this statement ?? Have you seen recent news footage of our current "powers -that-be" printing out SHEETS of $100 bills ??
|
Gary in da UP wrote:Posted By: Scott B
Date Posted: 05 Aug 2020 at 8:13pm
I'm with Steve on this one. Probably not going away in our lifetimes.....Unless someone gets all worked up about the word "God" in the portion with "In God We Trust"! I'd be happy to take that problem off their hands! ------------- D17 Series 1 Allis B- 1939 Allis B- 1945 |
Posted By: john(MI)
Date Posted: 05 Aug 2020 at 8:35pm
|
People all over are now using the credit card readers that plug into a cell phone. You can pay the babysitter online. HD's self checkouts are Card only now. I did have to drop a few dollars into the can at a roadside produce stand today so I don't know how that'll work! ------------- D14, D17, 5020, 612H, CASE 446 |
Posted By: LouSWPA
Date Posted: 05 Aug 2020 at 9:39pm
I did, week or so ago in political section ------------- I am still confident of this; I will see the goodness of the Lord in the land of the living. Wait for the Lord; be strong and take heart and wait for the Lord. Ps 27 |
Posted By: JohnColo
Date Posted: 06 Aug 2020 at 2:26am
|
We got a Square reader for credit cards last year for use at the Farmers Market but had trouble with it, fortunately, we have a cash machine at the Markets and also sold "Market Bucks", $5 script, good at any stand. Also people got WIC and SNAP vouchers. This year we only have a couple scrip vouchers, no Market Bucks and my sales are about 50/50 cash or credit cards. Got a new Square machine and it works pretty well. With all the rules and restrictions I now bag up the peaches and another guy takes the money or card payment. It's working OK so far. I seriously doubt that cash will go away completely in the near future. |
Posted By: Gary in da UP
Date Posted: 06 Aug 2020 at 7:24am
|
Posted By: DMiller
Date Posted: 06 Aug 2020 at 7:29am
| Won't stop anything, the necessity of a druggy to get his materials could switch to stolen goods barter or gold or silver, even loaded cartridges' or firearms. Stolen cars motorcycles, titles, deeds, license plates you name it can be used as a barter object. |
Posted By: steve(ill)
Date Posted: 06 Aug 2020 at 8:23am
|
jan 1st 2021 the gov plans to offer to buy all cash at face value plus 15% and then destroy it. thats a good story... gets a lot of people cranked up... but no PROOF or reference to back it up ? It aint happening. ------------- Like them all, but love the "B"s. |
Posted By: DMiller
Date Posted: 06 Aug 2020 at 9:02am
| Cannot see it ever happening with the poor, can barely manage a Debit card against a bank account IF they have one, know a few that still do not and have to cash paychecks at the grocer to pay bills for the month. |
Posted By: john(MI)
Date Posted: 06 Aug 2020 at 10:38am
You can't do away with paper money! What will those drug users use to roll up to snort their nose candy? Or maybe that will just open up another market!! ------------- D14, D17, 5020, 612H, CASE 446 |
Posted By: jaybmiller
Date Posted: 06 Aug 2020 at 10:51am
|
yeah 'cashless' society.... it'll happen after trees aren't needed cause 'computers will eliminate printing stuff'...... ------------- 3 D-14s,A-C forklift, B-112 Kubota BX23S lil' TOOT( The Other Orange Tractor) Never burn your bridges, unless you can walk on water |
Posted By: JohnColo
Date Posted: 06 Aug 2020 at 11:31am
|
Several years ago I was at a convention in Lost Wages. We were staying in one of the casinos, don't remember which. I took a roll of quarters with me so I could win my fortune, discovered none of the slots took coins anymore. Asked an employee about that, was told they changed over the machines to plastic because, 1 employees were getting sick and injured handling all the coins, 2. It cost more money to process the coins and 3. the insurance companies wanted to cut their expenses and offered cheaper rates if the casinos didn't deal with coins. The guy told me the coin op laundry a couple blocks away still had coin slots but I never got there to try. Came back with the roll. |
Posted By: FloydKS
Date Posted: 06 Aug 2020 at 1:38pm
|
John... at least you can say you did not lose your roll of quarters at the casino. :) ------------- Holding a grudge is like taking poison and expecting the other person to die |
Posted By: tadams(OH)
Date Posted: 06 Aug 2020 at 1:48pm
| Yes, I don't see it happening in our life time. |
Posted By: Dennis J OPKs
Date Posted: 06 Aug 2020 at 3:50pm
| For what it's worth Sweden has been working on this for several years and is scheduled to go all cashless in 2023. Granted it's a smaller country and fewer people. Banks will probably love it because I'm sure there are fees involved and savings in not having to handle the money. On the other hand fewer jobs. |
Posted By: Ray54
Date Posted: 06 Aug 2020 at 4:19pm
The druggies can try using all the TP that was horded in March and April. Or is that why my wife's news paper only get here about 50% of the time. I thought they were just lazy. |
Posted By: LouSWPA
Date Posted: 06 Aug 2020 at 4:28pm
Dave, I know people will laugh at me for this, but those people you speak of will be tattooed with a bar code! This IS coming, only a matter of when. It has it's advantages, but it will cost us our privacy and anonymity! every breath you take, every step you take, every choice you make will be monitored and recorded by the government, who knows better than oneself what is good for them. Most of us may not see it all in our lifetime, but we are already seeing it now, to a small degree. you already cannot travel feely w/o being monitored. in many states, you must have an EZ pass to travel toll roads, or, you will be billed by mail. That is all recorded. Your picture is taken as you roll through the gate, your auto registration number is recorded, and your ezpass is recorded. You go to the Dr, your picture is taken, all your personal information is recorded and placed in a national 'cloud bank'. A lot of what we accept today as normal, our forefathers would be aghast at!!!!! ------------- I am still confident of this; I will see the goodness of the Lord in the land of the living. Wait for the Lord; be strong and take heart and wait for the Lord. Ps 27 |
Posted By: FREEDGUY
Date Posted: 06 Aug 2020 at 5:28pm
LMAO !!!! You really think "BIG BROTHER" tracking your monetary spending with a "card" is a GOOD THING
 ???? Filthy paper, ,WTH is THAT ??? |
Posted By: shameless dude
Date Posted: 06 Aug 2020 at 5:45pm
| they were sposed to do away with the pennies several years ago...and we are still getting new ones. |
Posted By: steve(ill)
Date Posted: 06 Aug 2020 at 7:47pm
|
30 MILLION people dont have a checking account or VISA....WHAT NOW ? ------------- Like them all, but love the "B"s. |
Posted By: LouSWPA
Date Posted: 07 Aug 2020 at 12:09am
Steve, who are these 30 million? how do they get their paycheck cashed? How do they pay bills? My suspicion is most of those are indigents, or illegals, and Like I said, one suggestion was 'barcoding' them. But, there are possibly some off the grid'rs in that number, and they are some of the ones the gu'mnt is looking for! they WILL pay their taxes! ------------- I am still confident of this; I will see the goodness of the Lord in the land of the living. Wait for the Lord; be strong and take heart and wait for the Lord. Ps 27 |
Posted By: john(MI)
Date Posted: 07 Aug 2020 at 10:05am
|
I remember, I think it was about 8 years ago now, there was talk about banks not taking cash, nor giving cash. They were going to charge taxes on any paper checks deposited. I never did hear anymore on that though, but maybe that was the start of all of this!! ------------- D14, D17, 5020, 612H, CASE 446 |
Posted By: weiner
Date Posted: 07 Aug 2020 at 4:48pm
|
I don`t have a checking account, haven`t had one most my life. I also don`t have a smart phone. I have a flip phone that I take and use while on the road for emergencies only. Most of the time it sits on my counter turned off. WOW! How did I live so long without either one? ------------- Real heros wear dogtags, not capes. |
Posted By: shameless dude
Date Posted: 07 Aug 2020 at 5:59pm
| if the stores would just say "cash only" one day a week, that would cause havoc! this is just one more way the gubbermint wants to control things. maybe they'll all become communistic and kill all normal folks like they did the jewish people? |
Posted By: FREEDGUY
Date Posted: 07 Aug 2020 at 6:27pm
Lou, your thinking/assumptions are wrong
!! |
Posted By: DMiller
Date Posted: 07 Aug 2020 at 6:41pm
| Know several here around Hermann, get their check go to grocery store, cash that check and go pay bills, NOT ever had a Bank Account, do not want one. IRS hates them as has to send them a Check for refunds if ever get one, they send a Money Order when owe. BTW, NOT Indigenous Nor Black Nor Latino, White as day is long, four are Women. |
Posted By: steve(ill)
Date Posted: 07 Aug 2020 at 6:57pm
|
In my younger days we use to stop by the local bar after work on Friday.... Owner made a point of having $50K on hand every friday.. Local workers would line up to cash their pay checks with him. I take the grandkids to McDonalds 2 times a week for lunch.. Drive thru.... 90% of the time, the guy in front of us is paying with CASH.. I use VISA. ------------- Like them all, but love the "B"s. |
Posted By: shameless dude
Date Posted: 07 Aug 2020 at 11:13pm
| if i don't have at leasta $100. in my pocket all the time...i feels nekkid. |
Posted By: shameless dude
Date Posted: 07 Aug 2020 at 11:17pm
|
one thing that really worked well for me thru the years...if i was anywhere to buy a large item, i would ask them how much...if paid in cash and they didn't hafta furnish a reciept for the item...worked very well every time cept once and i didn't buy anything from that dude, went elsewhere. always got things new/used ALOT cheaper. worked on repairs/parts/labor too
|
Posted By: LouSWPA
Date Posted: 07 Aug 2020 at 11:54pm
well OK then, thanks for letting me know! ------------- I am still confident of this; I will see the goodness of the Lord in the land of the living. Wait for the Lord; be strong and take heart and wait for the Lord. Ps 27 |
Posted By: LouSWPA
Date Posted: 08 Aug 2020 at 12:02am
|
Dad was a Union Carpenter, I was pretty little, but I remember at least on some jobs they would hand out the checks, then cash them on the spot. I remember hearing dad saying something to mom about it. the phone I have now belongs to the employer. When I retire, I will have one of those prepaid jobs. ------------- I am still confident of this; I will see the goodness of the Lord in the land of the living. Wait for the Lord; be strong and take heart and wait for the Lord. Ps 27 |
Posted By: DMiller
Date Posted: 08 Aug 2020 at 9:33am
| Funny how times change, Grandmother for some reason had kept a series of pay envelopes of my Grandfather's, she destroyed them before we could abscond with them. Had his annual payroll written on the outside, each pay period where showed taxes paid against gross pay and his net pay result which was In Cash in the envelopes back in the 1940s. Shell Oil Co Roxana IL. The envelope was returned for each subsequent payday until end of year so would be used as a W2 is today. She kept the last IIRC four or five years worth before they paid in Paychecks. |
Posted By: FREEDGUY
Date Posted: 08 Aug 2020 at 6:48pm
|
Posted By: LouSWPA
Date Posted: 08 Aug 2020 at 10:18pm
------------- I am still confident of this; I will see the goodness of the Lord in the land of the living. Wait for the Lord; be strong and take heart and wait for the Lord. Ps 27 |
Posted By: steve(ill)
Date Posted: 09 Aug 2020 at 9:05am
|
NOW THATS FUNNY !!!... Lou, you should have posted your little green laughing man at the end !!! ------------- Like them all, but love the "B"s. |
Posted By: FREEDGUY
Date Posted: 09 Aug 2020 at 5:14pm
|
Don't lose any sleep over it Lou It's just that I would wager that 98% of the checks that get cashed FOR cash have already gotten the "taxes" taken out, correct me if I'm wrong please. Don't let STEVE influence the conversation though because apparently he still lives in the time frame of the Viet Nam/Berlin wall coming down as far as "phones" LOL!!! After the first of January, the nation will get back on track . |
Posted By: LouSWPA
Date Posted: 09 Aug 2020 at 7:42pm
------------- I am still confident of this; I will see the goodness of the Lord in the land of the living. Wait for the Lord; be strong and take heart and wait for the Lord. Ps 27 |
Posted By: HD6GTOM
Date Posted: 09 Aug 2020 at 9:55pm
|
Good I'm tired of getting to town and finding out the old gal needed my cash for a new pair of shoes or sumptin.
|
Posted By: LouSWPA
Date Posted: 09 Aug 2020 at 10:13pm
I just got mine out of the repair shop after being there for two days. you kinda miss them when they are not in bed beside ya at night.....she can have my cash, she's worth it! ------------- I am still confident of this; I will see the goodness of the Lord in the land of the living. Wait for the Lord; be strong and take heart and wait for the Lord. Ps 27 |
Posted By: HudCo
Date Posted: 09 Aug 2020 at 10:55pm
| cash is king |
Posted By: steve(ill)
Date Posted: 09 Aug 2020 at 11:03pm
|
According to the FDIC, cash represented just 30% of all payments in 2017. Furthermore, 68.7% of U.S. households had a credit card in 2017 vs. 63.8% in 2015. ------------- Like them all, but love the "B"s. |
Posted By: Thad in AR.
Date Posted: 10 Aug 2020 at 5:56am
|
I ran my construction company until 2009. On Fridays I’d collect hrs. At lunch and write pay checks soon after. Often times the guys would ask me to cash the checks so I’d go to the bank and cash the checks for the ones who wanted. Several of my guys wanted theirs in cash. This reminds me of a funny story. We built a vacation home for a nice family from OK. They had a son about 12. He was a very nice and polite kid. He rode around the little lake community on a nice little Honda dirt bike. We were building down the road and one Friday he stopped by to say hi. I asked what he’d take for the Honda? He said it’s not for sale. I told him let me know if he changed his mind. I said look here. I shower him those envelopes full of cash. His eyes were big as dinner plates. |
Posted By: DMiller
Date Posted: 10 Aug 2020 at 6:06am
| Cash will remain King in some form!! Grandmother used to give her Great Grands a few dollars every visit for them to buy a few special things for themselves at the store, one of my younger brothers preferred NO Paper, liked coins, became his standard as to "Cold Hard Cash"!! |
Posted By: Steve Bright
Date Posted: 10 Aug 2020 at 8:47am
| Cashless society has been in the works for a few years now, I believe in my life time it will be reality, Cash you have stashed will be a collectors item only. Big brother wants control of all you money, collect taxes on all of your money, Just as Steve stated he does all transaction by credit card or Bank card, That will be the reason for the justification. Better go back and write a few checks, pay a few bills with cash, and keep that bank card in you pocket |
Posted By: tadams(OH)
Date Posted: 10 Aug 2020 at 12:32pm
| need change to pay parking meters, cities won't give up them |
Posted By: Tbone95
Date Posted: 11 Aug 2020 at 7:40am
Na Tom, just the chip in your finger or the bar code tattoo. Park, beep, and go. You have nothing to fear. Just smile and carry on, citizen. |
Posted By: jaybmiller
Date Posted: 11 Aug 2020 at 8:24am
|
up here,you can wave your debit/credit card and make the meters happy.... I've disabled the 'swipe and go' option on my cards for obvious reasons ------------- 3 D-14s,A-C forklift, B-112 Kubota BX23S lil' TOOT( The Other Orange Tractor) Never burn your bridges, unless you can walk on water |
Posted By: steve(ill)
Date Posted: 11 Aug 2020 at 8:29am
|
again, 30% of ALL TRANSACTIONS are done in CASH today..... Paper money is not going away in our life time... will be YEARS away. ------------- Like them all, but love the "B"s. |
Posted By: desertjoe
Date Posted: 11 Aug 2020 at 8:46am
|
Well,,I shudder to think ole TBone may have an insight into what could possibly be the norm in the future,,,,,! I'm like ole Dave and Steve, tho,,I think ,,at least in our lifetime,,,there will always be cash and dollars,,,,
 I do all three in that I use my checking account to pay most of our bills, my card for groceries and cash for personal items less than $50. Oh ,,and I have a "reloadable" card for internet purchases that I really like for the security of it,, |
Posted By: Tbone95
Date Posted: 11 Aug 2020 at 10:43am
I used to think a lot of things would last "a lifetime", a good many decades anyway. One thing this year has taught me, is chit can change FAST and DRASTICALLY. |
Posted By: steve(ill)
Date Posted: 11 Aug 2020 at 1:27pm
Foolish Tech Prediction 1Thomas Watson, president of IBM, 1943 At the dawn of the computer industry, nobody really knew where this new technology would take us. But the explosion of desktop computing that put a PC in nearly every American home within 50 years seems to have eluded the imagination of most mid-century futurists. Foolish Tech Prediction 2Darryl Zanuck, executive at 20th Century Fox, 1946 Foolish Tech Prediction 3Alex Lewyt, president of Lewyt vacuum company, 1955 ------------- Like them all, but love the "B"s. |
Posted By: FREEDGUY
Date Posted: 11 Aug 2020 at 5:09pm
To the "PAPER IS GONE" crowd, where does the stock piles of GOLD come into play ?? I've NEVER been behind a customer trying to pay the cashier with gold, BUT , I've been behind an AS*()&$E that tried paying with a "card" that wouldn't go through AFTER 20 minutes AND 8 SWIPES of the card in the checkout line  !!
|
Posted By: Tbone95
Date Posted: 11 Aug 2020 at 6:02pm
What’s that got to do with anything? You think there’s gold to back all that paper?? Bwaahahaha! |
Posted By: FREEDGUY
Date Posted: 11 Aug 2020 at 6:13pm
Well then, so much for "IN GOD WE TRUST"  I can STILL get through a checkout faster than "most" card users with me paying cash, and there's more and more places stating "no c/c"  , the shop owners are tired of the c/c fee's THEY have to incur or pass it on to patrons Now that I think about T, there's probably NOT enough gold to back the greenbacks that the current establishment is pumping out by the trillions
|
Posted By: steve(ill)
Date Posted: 11 Aug 2020 at 6:48pm
|
Got nothing to do with the present establishment.... Money has been worth NOTHING for years... Only reason its still around is "people" accept the fact that the govt backs it up... as long as the GOVT says its OK... you believe them... Money is NOT backed by GOLD. ------------- Like them all, but love the "B"s. |
Posted By: steve(ill)
Date Posted: 11 Aug 2020 at 6:51pm
|
Since 1971, U.S. citizens have been able to utilize Federal Reserve Notes as the only form of money that for the first time had no currency with any gold or silver backing. This is where you get the saying that U.S. dollars are backed by the “full faith and credit” of the U.S. Government. ------------- Like them all, but love the "B"s. |
Posted By: Ray54
Date Posted: 12 Aug 2020 at 9:56am
|
Paper, plastic, gold, silver,or something in the cloud, there will ALWAYS be trading in the back ally of a potato for a onion. Yes the eye in the sky may see, but the old Soviet Union only kept from starving by all the peasants trading food stuffs out in the back ally. The secret if nobody talked about it, it didn't happen. An some of the old wise guys will make out better than others. |
Posted By: Tbone95
Date Posted: 12 Aug 2020 at 11:35am
What a short sighted foolish statement. Try looking a little farther out than the end of your wiener. |
Posted By: shameless dude
Date Posted: 15 Aug 2020 at 1:33am
| maybe i better go dig up sum cans? |
Posted By: Gary in da UP
Date Posted: 18 Aug 2020 at 2:20pm
|
Posted By: Gary in da UP
Date Posted: 30 Aug 2020 at 1:08pm
|
I am not surprised by the lack of confidence in my post. I tried to post this as a wake up call and warm others to have a plan. I have plans to protect what I have. I am not investing, yet, if I think of what might explode in value as a result of a cashless economy then I will move on it. I am wondering for me would be best since im handicapped and in late middle age. 67 and single. If I were still employable,I would be less concerned I am not gonna hooard ammo but I will save the last round for myself. No point for the government to microchip a dead body. The pace of. change is poised to accelerate and frankly I don't generally like change or surprises, so God bless America |
Posted By: Ray54
Date Posted: 30 Aug 2020 at 4:54pm
|
Gary we need to stir this a bit more there are some that still wait for the MSN media to tell them which end is up even reading here. To think we had gold for every paper dollar floating around. Gold is dam hard to digest if you have to live on it,as well as heavy to pack around. Maybe the little Twinkies's cakes with preservatives and all. My wife found a new show this year Eating History. Two late 30's guys finding old food and seeing if it was still edible. Some government packed emergency stuff for nuclear war from late 50's did not fair well at all.Packed in small tins inside a bigger tin.Both tins sealed the oil in crackers was bad,BAD,everything in the packages was bad. Other off the shelf stuff from as long ago was a bunch better if kept dry and sealed from bugs and vermin.But the younger ones will sit and let some socialist take care of them. Aunt Nancy P is grooming nephew Gavin Newsome(King of California) to help Kami fix everything for everybody. Then some will learn what was meant by LIVE FREE OR DIE But Gary we should be good with paper money until all drugs are legal and the neighborhood drug peddler on the corner takes plastic. |