Paper money (dollars) will be obsolete Soon

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.

FREEDGUY wrote: LouSWPA wrote: steve(ill) wrote: 30 MILLION people dont have a checking account or VISA....WHAT NOW ? 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! Lou, your thinking/assumptions are wrong  !!

if i don't have at leasta $100. in my pocket all the time...i feels nekkid.

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.

Edited by DMiller - 07 Aug 2020 at 6:42pm

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?

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!!

30 MILLION people dont have a checking account or VISA....WHAT NOW ?

Gary in da UP wrote: nella(Pa) wrote: Cashless society. They have been working on this for years.       this move is for your own good...... first get rid of all the filthy paper  ,stop all the crimes involving cash drug deals, etc. and make it easier to monitor who is spending and for what and stop tax evaders.   jan 1st 2021 the gov plans to offer to buy all cash at face value plus 15%  and then destroy it.  that will tempt many people plus the fact that paper money will no longer transmit disease. an expiration date will be enforced to make cash worthless at the end of the buyback.  somehow the gov will make compliance unavoidable, if not patriotic.    With all the dollars printed this year and corona virus this is the perfect time for our gov to push this thru.......... Inflation will be with us a long time and interest rates wont rise anytime soon .  Barter systems will be based on whatever  happens to be in shortage

john(MI) wrote: 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!!

Yes, I don't see it happening in our life time.

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.

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!!

 jan 1st 2021 the gov plans to offer to buy all cash at face value plus 15%  and then destroy it. 

nella(Pa) wrote: Cashless society. They have been working on this for years.

      this move is for your own good...... first get rid of all the filthy paper  ,stop all the crimes involving cash drug deals, etc. and make it easier to monitor who is spending and for what and stop tax evaders.   jan 1st 2021 the gov plans to offer to buy all cash at face value plus 15%  and then destroy it.  that will tempt many people plus the fact that paper money will no longer transmit disease. an expiration date will be enforced to make cash worthless at the end of the buyback.  somehow the gov will make compliance unavoidable, if not patriotic.    With all the dollars printed this year and corona virus this is the perfect time for our gov to push this thru.......... Inflation will be with us a long time and interest rates wont rise anytime soon .  Barter systems will be based on whatever  happens to be in shortage  

Gary in da UP wrote: Yet no one here has bought this up?