who was it on here that commented on recalling cash

Ditch-Runner

March 20, 2020 20:26

this on fox news web site

Businesses banning banknotes, asking customers to use credit, debit cards

https://www.foxnews.com/world/businesses-banning-banknotes-asking-customers-to-use-credit-debit-cards

Comments

13 comments

SW0320

March 20, 2020 20:34
I spoke with a friend who owns a small grocery store. Last week in one day they did $60,000 of sales and $59,000 of that was in CC's. All I am seeing on the news is more and more people losing their jobs. How are they going to pay for all of the charges on
those CC's? I mentioned to someone, the bankruptcy attorneys are going to busy when this is all over.
0
WearyTraveler

March 20, 2020 20:40
This is a good thing. Less physical things going hand to hand... and most stores have CC readers that the customer never lets go of the card.
On the flip side - once everything shuts down a lot of folks will be buying from other non commercial folks. And just think of the private firearm sales that are going to surge! I’ve got cash in the safe that’s been there for over a year and a dozen CCs with zero balance. We should all be prepared...
0
select-fire

March 20, 2020 21:00
No money at banks for business. Went and got a withdrawal I had ordered for a week. Called them Weds. afternoon. After 12 Thurs could be picked up. Went there at 1.30 and had to wait.. 25 mins for them to " go get it ". Total BS was not a large large amount.
0
hobo9650

March 20, 2020 21:05
Last week I added over $10,00 cash to my private stash. There are reports that over 1 million deaths could be involved before the cv is over. The plastic is gonna wer thin long before things cool down and I think cash will be king.
0
jimdeere

March 20, 2020 21:07
I picked up a quarter in the Walmart parking lot.
3
truthful

March 20, 2020 23:07
That's one thing that would make some sense. Paper money is more contaminated with germs of all kinds than a toilet seat. At least a toilet seat gets cleaned from time to time. Money does not.
0
hillbille

March 20, 2020 23:11
virus is only supposed to stay on cardboard for 24 hours, can't see paper being much different......... worst case they don't use what they take in today for a day or so, make change with older money that was put on hold for day or so
0
asop

March 20, 2020 23:26
Why wife must be way ahead of the curve
0
mogley98

March 20, 2020 23:46
I mentioned that this would be a great time for Uncle Sam to decide all cash is contaminated and everyone has to put it in the bank or it is worthless, No way in hell the drug dealers and other illicit cash hoards could be laundered that quickly, Uncle Sam gets a cash free society much easier to track and tax, cash hoarders who can't deposit it without tipping source will lose billions. And as for having old cash how are you going to prove its clean?
0
serf

March 21, 2020 00:25
mogley98 said:

I mentioned that this would be a great time for Uncle Sam to decide all cash is contaminated and everyone has to put it in the bank or it is worthless, No way in hell the drug dealers and other illicit cash hoards could be laundered that quickly, Uncle Sam gets a cash free society much easier to track and tax, cash hoarders who can't deposit it without tipping source will lose billions. And as for having old cash how are you going to prove its clean?

That was done in Rome Italy during WW II with occupation military money.Priest came in with 100,000 dollars ten minutes before the deadline,claimed that the cash was put in the offering box. I think I posted about infective cash on politics section but there may be others.
This is nothing new to flush out cartel money in the black market if they go cashless,In fact I bet it happens now more than ever with the Debt being increased another 2 trillion to save the system from a collapse.

serf
0
JimmyJack

March 21, 2020 00:46
Hope all the credit cards ahead of you were clean? Could be worse than cash.
0
Junkballer

March 21, 2020 01:01
Well there you go, there's our future toilet paper............"cash wipes"
0
select-fire

March 21, 2020 01:12
mogley98 said:

I mentioned that this would be a great time for Uncle Sam to decide all cash is contaminated and everyone has to put it in the bank or it is worthless, No way in hell the drug dealers and other illicit cash hoards could be laundered that quickly, Uncle Sam gets a cash free society much easier to track and tax, cash hoarders who can't deposit it without tipping source will lose billions. And as for having old cash how are you going to prove its clean?

Keep records.
0