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2017-09-30 Economy

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Posted by Besoeker 2017-09-30 00:36|| || Front Page|| [1 views ] Top

#1 I know a person who travels to S. America often. People ask her to bring the latest US currency they keep in reserve so they can exchange older versions with new ones. She can make a little money on these trips doing so. When she returns to the US she has no problem depositing the older currency to replenish what she withdrew for the trip. She is originally from S. America so she has special empathy for those who value US currency.

To go all cashless would do great harm to the value of the dollar to the rest of the world.

Posted by Hupeting Sforza8196 2017-09-30 02:35|| 2017-09-30 02:35|| Front Page Top

#2 Another example of living in the urban cosmopolitan bubble. Taking electrical power for granted.
They throw the light switch on when they enter a room and never contemplate all that goes into making the 'magic' happen. Same for magic EBT cards.

Posted by Procopius2k 2017-09-30 05:51|| 2017-09-30 05:51|| Front Page Top

#3 Reads like a hackers paradise.

Posted by JohnQC 2017-09-30 13:48|| 2017-09-30 13:48|| Front Page Top

#4 Would owning precious metals also become illegal? Watch personal property taxes increase as well as cash leaves money markets to pay down mortgages and auto loans. I value liquidity.

Posted by Airandee 2017-09-30 15:29|| 2017-09-30 15:29|| Front Page Top

#5 Given the Obama Regime's illegal and unethical crack on banking for selected "Undesirable but legal" industries, why would you put your faith in an electronic balance that they could "lose" whenever they wanted?

Posted by Frank G 2017-09-30 17:21|| 2017-09-30 17:21|| Front Page Top

#6 I'm so sick of reading/hearing that this cashless "push" is to combat drug lords (a-hem, Wachovia/Wells Fargo) and terrorists.

Imagine that each and every purchase in a cashless "society" could then be tracked. Imagine that you might also be forbidden to purchase certain things.

It's a sick idea of a sick [central] banking system.

Posted by Clem 2017-09-30 17:35|| 2017-09-30 17:35|| Front Page Top

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