The real "problem" with cash is that the government can't track everything you do.

@PhantomMagician1846

5 ай бұрын

big corps too.

@cosmicllama6910

5 ай бұрын

Yep here they go with propoganda trying to convince us to give up our last bits of privacy

@ccarrera951

5 ай бұрын

best comment in the thread . unfortunately , less than 1% actually comprehend it .

@NazriB

5 ай бұрын

Lies again? AVN AVL Never Learn

@Goosemusings

5 ай бұрын

Bitcoin duh

One of the best things about using cash is that I dont have a machine asking me to add a tip right in front of the worker.

@stoundingresults

4 ай бұрын

Don't feel shame punching "none" on the screen

@travis94303

4 ай бұрын

Are you afraid to say no? How is it different than the worker seeing you pull out a wad of cash?

@PatrickMcAsey

2 ай бұрын

This is about tipping, which is quite a different matter. I am sick and tired of tipping, which is an excuse for exploitative employers to pay extremely low wages and relying on customers to make them up. You don't tip checkout staff in supermarkets. You don't tip hotel managers. You shouldn't tip anybody. I would like to see a system where there is a decent minimum wage, and where customers should be _discouraged_ from tipping.

@sarysa

2 ай бұрын

But you'll still be asked to round up. Or deal with annoying coins.

@JasDCornelius

2 ай бұрын

​@@sarysaBut I personally enjoy carrying coins. Makes doing exact change easier.

Going digital is the worst idea yet! We must push back on this. It is dangerous. Look at what happened in Canada!💯👍

@DJ-yh8hm

5 ай бұрын

Plus people who prefer to go cashless can do so and getting rid of cash will have zero benefits to them.

@smoothoperator1083

5 ай бұрын

@@DJ-yh8hm Agreed

@jilldawson89

3 ай бұрын

Look what is already happening in China. Depositors can't even withdraw their cash from their banks.

@BobSmith-ui4qu

22 күн бұрын

What happened in Canada. I usually don’t carry any cash at home in Canada. It’s all debit, no problems. The only people that object to debit are those who don’t want to pay tax and that catches up to the suppliers because they have to account for the stuff they sold and where is the sales tax on the stuff sold?

@Joooooooooooosh

10 күн бұрын

@@BobSmith-ui4quDid you sleep through the whole “government seizing bank accounts of protesters” thing?

Take cash away from me and you take away my right to.... 1. Surprise people with a thankyou gift 2. Budget my own money- easier when I need to count it 3. Feel safe - having cash make me feel safe, cards don't 4. Anonymity - I don't need banks knowing EXACTLY WHAT and WHERE I bought 5. Be able to pay for a sudden casual purchase

@user-bg4nl3yp4g

12 күн бұрын

Wrong answer

Problem with cash is that it's harder to control, track, and monitor us common folk compared to digital payments. Cash is king.

@somedud1140

5 ай бұрын

It's not just that, every so often a shop has internet connection failure and they can't accept digital payment or takes forever and you may be in hurry.

@Nikowalker007

5 ай бұрын

Just like cryptocurrency except it can’t be hacked or frozen

@conrmckocoa9352

5 ай бұрын

@@Nikowalker007 Crypto was designed to be tracked with meticulous records.

@Stevesguitarchannel840

5 ай бұрын

With all of the drug Lords, that ship cocaine in this country and make their payments do cash, I don’t think the druglords would approve to this. They would probably use their power to fight for that.

@conrmckocoa9352

5 ай бұрын

@@Stevesguitarchannel840 Yeah, I guess we can't protect our own border so instead remove the cash from society. That's a total lack of logic and ignorant thought process. Criminals do X so no one else should be able to do it. Criminals like joe biden set up dozens of shell corporations with no product or service. Should we ban shell corporations too?

I agree that every business should accept cash

@andidede3653

5 ай бұрын

It would be cheaper for them since they wouldn't have to deal with transaction fees from banks and credit card companies, but they then have to pay to get to a bank, theft etc. But I know places who flat out refuse to acdept cash, and I avoid them.

@blipblop92

5 ай бұрын

Good way to get robbed 😅

@longiusaescius2537

5 ай бұрын

@blipblop92 not really

@blipblop92

5 ай бұрын

@@longiusaescius2537 i own a cleaning business and we stopped accepting cash over the pandemic, its unhygienic and dangerous to be carrying cash around

@Omer1996E.C

5 ай бұрын

@@blipblop92 don't you have a nearby bank to deposit it once every few hours, if you're too careful, then once every hour? Or is there a fee for deposit in the USA?

Cash is, as far as I can tell, the easiest way to live with as little debt is possible. You can't spend what you don't have.

@user-bg4nl3yp4g

12 күн бұрын

Wrong answer

@OIII-IOOO

7 күн бұрын

my debit card allows me the same thing. i have lived exclusively on a combination of debit card and cash for the last five years and i have no debt.

Cash commodity is beginning to loose it’s value, the world we’re in today is a world fast developing more currencies are being created which beats the value of cash commodity and others, cryptocurrency today is fast growing and most people cease to participate in owning and trading with it

@DeborahPearson-ng2cs

2 ай бұрын

You are right.!

@SandraPatterson-di6xh

2 ай бұрын

I’m shocked at how far the world of crypto has gone, it all started with no serious note given but today it’s the world’s leading currency 🥲 I’m glad bitcoin started all this and it has been favorable so far

@LouisMorris-vq8hf

2 ай бұрын

Trading with crypto is more beneficial than most people sees it to be, just like stock, and forex trade, crypto is also the world fastest leading currency now and in the near future

@LexiPatel

2 ай бұрын

Investing in Stocks, Forex and cryptocurrency is the wisest, it's a place where millionaires and future billionaires come to get inspired. If you've not been involved in any you're missing out. Most importantly If you know how to trade you can make a ton of money no matter where you find yourself

@JoeCloud-hy2uc

2 ай бұрын

Bitcoin is the best coin to invest in fast rising and if you are lucky to have a good broker then I believe you have absolutely nothing to worry about because you are in for a finicial uplift.

One problem with digital is that you can’t use it when power is down.

@jmister6824

5 ай бұрын

The biggest problem with a CBDC is not power going down.. but is when some unknown faceless person can monitor and track literally everything you do. And eventually decide what you can and can't buy. We need a constitutional amendment that guarantees the continuation of cash. Privacy, being necessary for the security of a free society, the right of the people, to keep and use cash, shall not be infringed.

@tommy2cents492

5 ай бұрын

Is the infrastructure really that bad?

@guardianoffire8814

5 ай бұрын

@@jmister6824 Not really. Digital currencies and crypto leave a trail. But its usually difficult to know who owns the digital wallet. Its one of the reasons why criminal gangs, terrorist groups, separatist militants, and enemies of the West getting around sanctions.

@tammyturowski6703

5 ай бұрын

​@@tommy2cents492Maine just got hit yest. Australia this week 14 hrs no internet. Canada last year for 3 days.

@squidreuel

5 ай бұрын

Yep in California we have our power safety shut downs

Sometimes it’s cheaper to use cash. This transactions costs are killing me

@Psi-Storm

5 ай бұрын

It is just lobbying that keeps them expensive. In Europe card payments are regulated to 0,2% for debit cards and 0,3% for credit cards.

@lingth

5 ай бұрын

Sometimes some countries may impose withdrawal fees as it cost more to pay for staff to go around and top up ATMs and service ATMs, so if cash withdrawal is limited to 4 times a month and the 5th withdrawal has a fee of $10 or 2% then ppl may want to go cashless. If there is no penalty for using paper cash and withdrawal then digital payments isn't going to replace cash anytime.

@fndorigin9021

5 ай бұрын

​​@@lingthWhat kind of sick solution is that? And why did bank charge us everytime we want to take back our money that we put on them? If they do that I'd rather to put all my money in cash, not on the bank

@IMGreg..

5 ай бұрын

Transaction costs rarely happens in Ontario Canada. I haven't drawn money from a cash machine in almost 4 years. Our convenient stores almost never get robbed because few people use cash, it's not worth it.

@righteousone1

5 ай бұрын

I love the smell of brand new cash.

Whats wrong ? 20 years ago i could go food shopping and spend 100 dollars n bring home six bags of groceries, today 100 dollars gets you only two bags.

@mj8495

8 күн бұрын

And it's all because of ....cash?

@tinecrinec4769

8 күн бұрын

@@mj8495 Inflation causing it to lose value.

@frederickwise5238

8 күн бұрын

@@tinecrinec4769 you replied to the wrong guy. You might tell glennquagmire instead. mj8495 was asking 'quaggy' if he thot - cash - was the - cause - of inflation.

cash is king... the other day, this lady was trying to buy her food with credit card and her card wasn't working. i was in the next line over and saw this i pay with cash and there you go, lesson learned.

One of the best things about using cash, it’s full control, and the ability to be anonymous. The idea that transactions need to be recorded it’s nonsense.

@nsbioy

5 ай бұрын

Anonymity is probably the best single thing about cash. However, you can't accumulate too much of it. One million dollars weighs about 35lbs in $100 bills so cash does take space. Storing cash long-term leaves it liable to attrition by the elements, pests, and burglars. Also, cash can be declared worthless by the government: ask me how I know. I lived through one such devaluation in the country I am originally from where all highest denomination notes were declared invalid and were to be exchanged within 1-2 months or else lost. This was intended to hurt the "criminals" supposedly hoarding cash.

@QQ251647742

5 ай бұрын

Isn't being anonymous is good for criminals? Going digital is easier to track criminal activities.

@MrKevinwg

5 ай бұрын

@@nsbioy Put it into crypto and gold and silver.

@nsbioy

5 ай бұрын

@@MrKevinwg that's not cash. Gold and silver are commodities and crypto is risky.

@SuperUAP

5 ай бұрын

The US dollar used to be backed by gold and actually worth something. Without anything physical that you can hold in your hand the government can really crank up the inflation.

Pre-pandemic, I went to withdraw @ $9,000 from my checking. Bank said I would have to come back in a week or two, because they didn’t have that kind of cash on hand. The Fed can put holds on accounts too, and make your money inaccessible for a period of time. Anyone that wishes for a cashless society, better be careful what they wish for. I can see the advantages of it, but there are many dangers and disadvantages too. It would probably be best to always have access to both

@cosmicllama6910

5 ай бұрын

They will slowly use it to put more restrictions on people overtime. It's one step in a plan for complete control over every aspect of our lives.

@JohnWarner-lu8rq

5 ай бұрын

Heck. I live in a town of 2600 people, and they have at least $70K on hand at all times. I would have switched banks that same day.

@DS-li7go

5 ай бұрын

I have some experience in this. Banks don't keep large amounts of cash on hand to reduce the risk of large losses, but also because it's an ineffective use of resources. You see banks keep large amounts of cash in rural areas because the risk of loss is low and because there are areas of the country that are cash heavy. Sometimes it's a denomination issue, other times there's logistical problems with cash transport. There's many reasons this could've happened. Not to say that it's right out wrong that it happened, but I do agree. We need to have physical cash, if not simply because it keeps control in the people's hands.

@omarsmusic4316

5 ай бұрын

I have a debit card and payment apos but I almost never use them I always use cash. Most of the people my age in ( 30s) that I know uses payment apps or a credit or debit card.

@williamdickerson8898

5 ай бұрын

@@omarsmusic4316 That's a big problem they have the younger generation thinking it's more convenient, but it's not and far more expensive.

We had the "system" go down in Houston after the Harvey hurricane. On the west side of the city there was no ATM working, no cell phone working, no internet working, all banks closed. If you didn't have cash on hand YOU WERE SCREWED! This lasted over 2 weeks in some areas. Electronic is OK but cash still must be present.

@zachkatsihtis4152

13 күн бұрын

Absolutely correct!! You can’t eat a credit card if there’s an emergency. Always carry CASH!!!

@gavinathling

12 күн бұрын

Or... maybe... we should design and fund our infrastructure for the local conditions? Europe doesn't have people starving due to natural disasters, largely because there are fewer disasters, but also because, where relevant, power lines are buried, and power plants are not on separate grids, etc.

I abandoned cash for card or google pay, but now Im going back to cash when I realized how dangerous it is for my privacy

We should never consider going all digital. No matter how much you think you have, you might as well have nothing at all considering the amount of control you will have over it when the government steps in.

@ccarrera951

5 ай бұрын

amen .

@PatrickMcAsey

5 ай бұрын

Utter nonsense. The only people interested in this are tax dodgers and money-launderers. The government are very welcome to know every detail of what I earn and spend - as if it were of the slightest interest to them. You have a naive, touching faith in the efficiency of government.

@doujinflip

5 ай бұрын

More like if the network goes down and you need to pay for essentials in the meantime. Cash itself is not invulnerable -- the issuing government could change the design or otherwise declare an older bill invalid, and then you just end up with slips of paper whose volatility shoots up and buying power becomes increasingly questionable.

@kaseyc5078

5 ай бұрын

Don’t forget what happened in Canada where they froze bank accounts from people who were simply protesting

@ccarrera951

5 ай бұрын

@@kaseyc5078 we neVer forget .

Honestly started keeping cash on hand. I don’t even spend it faster. It sits in my wallet and just keeps adding up over time. PRIVACY is definitely key. Can’t allow the government to know everything.

@Lo289-im3ip

5 ай бұрын

Agreed

@tsubadaikhan6332

5 ай бұрын

If you've got a phone in your pocket, someone much more organised and dangerous knows more about you than the Government ever cared to. And they know how to get value from that information. And, I don't know about you, but I can't live without my phone.

@kyos2000

5 ай бұрын

This is an under rated comment

@growingup15

5 ай бұрын

@@tsubadaikhan6332 sounds like something a fed would say

@kleamat

5 ай бұрын

@@tsubadaikhan6332 use vpn it helps

I love using cash. Why fix something that isn't broken. Using cards all the time is just making Visa, Mastercard, Discover, American Express, etc. all the more richer than they already are and to no benefit to a consumer like me.

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@user-mc4hy7cj1i

5 ай бұрын

The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.

@Brigh578

5 ай бұрын

This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this, are you a pro investor?

@ericmax978

5 ай бұрын

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@SophiaMichael-ww4qd

5 ай бұрын

that's impressive!, I could really use the expertise of this advisors , my portfolio has been down bad....who’s your financial advisor or coach, do you mind hooking me up?

@Brigh578

5 ай бұрын

I've actually been thinking of reaching a portfolio-adviser, my 401k and stocks been losing everything it's gained since 2019, mind if I looked-up this one coach you use?

It’s still best to pay with cash, because when you pay with cash it can be painful and I find myself spending less with cash.

@yuanruichen2564

5 ай бұрын

it is painful for me to even pay with apple pay so i can stick with digital payment🤣

@mechy2k2000

5 ай бұрын

For me its just painful to pay. I like paying digital because I can track it. But I still want cash available

@movingman07

5 ай бұрын

​@@yuanruichen2564correct

@emporergrimes

5 ай бұрын

Crypto

@nsbioy

5 ай бұрын

true that

Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

@Dannyholt33

5 ай бұрын

Things are strange right now. The US dollar is becoming less valuable because of inflation, and other powerful nations waking up to trade in their own currencies. Good thing is, a lot of people still turn to the Dollar because of the safety is somehow assures. I'm worried about my retirement savings of about $420,000 losing value because of these factors and more. Where else can we keep our money?

@ffff560

5 ай бұрын

Firstly we need Trumo back

@charlesg7926

5 ай бұрын

Biden is the problem

@Nernst96

5 ай бұрын

Having an lnvestment advser is the best way to go about the market right now, especially for near retirees, I've been in touch with a coach for awhile now mostly cause I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I nettd over $220K so far, that made it clear there's more to the market that we avg joes don't know

@mikeroper353

5 ай бұрын

@@Nernst96 I find this intriguing. Could you please provide me with the means to get in touch with your Adviser? I am concerned about my dwindling portfolio.

If the dollar bill is phased out, the $5 will become the most popular to use. People will just keep all their coins in a jar, convert it into bills at the bank, and never really spend it. Also, coins are heavy to lug around, so people won't do it. When I travel in Europe, I hate lugging around a pouch of coins, and the euro coins molded in different nations look different, and it is harder to identify them at a glance. Higher notes also promote the idea of inflation. For instance, if the $5 note becomes the smallest traded bill, that helps to promote the idea that the cheapest things to purchase in society should be $5.

@Sashazur

5 ай бұрын

The euro coins do look different, but it’s like US quarters (25 cent coins) looking different - even though the engraving varies the coin is always the same size, color, thickness and weight. I don’t have trouble telling them apart.

@ninjanerdstudent6937

5 ай бұрын

@@Sashazur Those were collectables just like the past 50 cent and 1 dollar coins.

@ninjanerdstudent6937

5 ай бұрын

@@Sashazur Heads looked the same. Only tails looked different.

As an American we're sick of being expected to follow what other countries are doing. And we're spied on enough as it is.

Cash provides privacy, something digital can never give you.

@Acteaon

5 ай бұрын

Right! What’s the ‘problem’ ?

@hockygamer237

5 ай бұрын

@Acteaon either you're a fed, a fool, or someone who likes big brother watching over you. To keep it simple, it's human nature and it's our constitution, 3rd and 4th amendment. Digital doesn't violate those two but make it a lot easier to do so. I have a right to keep my transactions private, simple as.

@Acteaon

5 ай бұрын

@@hockygamer237 wrong on all counts. I do think you missed the facetious undertone.

@kevinfernandez9999

4 ай бұрын

Let me tell you about our Lord and saviour " bitcoin " 😇

Eliminating cash will only serve to hurt the poor when every penny counts. Plus they don't always have access to banking, especially since they require proof you have a _physical_ address. I've had that problem, myself. I'm not the one who pays the utilities, and all mail comes to a Post Office box.

As a 50 year old Canadian who's lived with and worked with all types of currency over the years I will tell you that polymer bills don't last as long as paper bills in spite of what you're told. A tiny tear in them spreads instantly, ruining the note. I can also tell you that if you get rid of pennies you will not miss them whatsoever.

This year has proven challenging, marked by losses from failed banks, real estate downturns, a struggling economy, and setbacks in stocks and dividends. It seems like everything has been going wrong, making it a particularly tough period.

@AlvinKausar

5 ай бұрын

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@MarkMacleod980

5 ай бұрын

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@ToonShader

2 ай бұрын

buy gold if you think the world's that bad

Credit card fees hurt small business, or costs passed to consumers when possible. This needs to end or be drastically reduced in my opinion.

@nsbioy

5 ай бұрын

I agree. However, credit cards do add convenience: no need for armored truck services to haul away cash, and no cash means less risk of getting robbed.

@Comm0ut

5 ай бұрын

No, they don't. That's a myth because they'd get the sale either way, Small businesses can include the fees in all prices and customers will never notice. It's when they do silly sheet like having cash discounts etc that customers start doing the math. Smart small businesses (including individuals at flea markets etc) make the effort to take plastic. A USB card reader is dirt cheap.

@jamesharrison2374

5 ай бұрын

Well there are two stores in town, both are in the same line of business. The one has more supply,the price is lower, and they don’t charge any fees. The other store charges 3.5% on cards, has less supply, harder to drive to, and prices are slightly higher. Guess which small business I buy from.

@ncochran01

5 ай бұрын

Build the credit cost into your price. Most places have already done it. People accept it. I rarely have more than $20 in my wallet as I buy everything on a card and pay it off at the end of the month.

@darksaiyan4

5 ай бұрын

Crypto xrp is the answer

I use cash as much as possible. Any "cashless" establishment loses me as a customer. Plus the credit surcharges hurt customers and small businesses alike!

@DavidLee-ig2qq

5 ай бұрын

Ok grandad

@meatballhead15

5 ай бұрын

Didn't know people in their 30s could biologically be grandparents x_X

@billdescoteaux

5 ай бұрын

@@meatballhead15 Well, there is Lauren Boebert, she's a grandma at 36!

@nsbioy

5 ай бұрын

good points, although accepting cash also carries cost to the business. Hauling cash with an armored truck is not free. Even if your business is small enough not to need an armored services, you will still be on the hook for counterfeits and a target for theft. Cash may still cost less to the business, but it is less convenient. That said, I do not dig businesses that do not accept cash, but there are more and more of them. Try renting a car with cash?

@cosmicllama6910

5 ай бұрын

​@@DavidLee-ig2qq I think people should be able to buy from an adult toy store for example, and not have their purchase history visible to people like their new landlord. I had an apartment manager once tell us she would see some embarrassing things like that sometimes when doing the paperwork for new tenants. Privacy is still important and should always be an option.

I always found that there was a definite difference in my own willingness to spend money based on whether I was paying with my card or having to hand over cash. I was far more willing to spend when I used a credit card. I held on to my money harder than an arthritic lobster when i had to pay with cash. When Canada introduced the one dollar coin back in the eighties, the industry that objected the most was operators of vending machines, who complained constantly about the cost of modifications to their equipment. They suffered a forty-five percent INCREASE in sales in the first year. They didn't complain much when the 2 dollar coin was introduced, and they saw another big increase in business.

Funny but my teenage daughter finds the "pain" aspect of using her debit card and watching her balance shrink more painful than paying cash and tends to more easily spend with cash where I'm(Gen X) just the opposite. Just a generational thing.

Having money in physical form is a powerful, educational tool. Heard a story where a guy replaced the cash in his Monopoly set with the real thing. His kids' game play was quite different from when they played with the Monopoly money. There is a stark difference in spending habits compared to kids who have never seen actual money.

@arex9000

5 ай бұрын

i went to the grocery store with cash and my spending attitude def changed. Though it did give me anxiety because i was afraid of going over with tax.

@rc8929

5 ай бұрын

For me nothing changes. I just find cash annoying. But I only spend about 50% of what I earn so I am likely an anomaly.

@JV-pu8kx

5 ай бұрын

@@chingvang9320 The kids went from liberal spending with the Monopoly money to ultra conservative when the real stuff came out. And, yes he did have an interesting time with the bank teller, both when he was taking the money out, and putting it back when the experiment was over.

@JV-pu8kx

5 ай бұрын

@@chingvang9320 The difference is when you can see what a stack of money looks like when it is in your hand, versus a number on a display.

@norsefalconer

5 ай бұрын

I think it was Dave Ramsey (not really a fan) that was saying there was a study that found the brains of people buying with cash reacted with signals similar to physical pain, whereas paying electronically produced no such reaction.

Cash is common in Australia to avoid 10% GST. I recently had a job done which cost $1900. Because he accepted cash with no receipt, I saved $190. The business also saves on income tax afterwards.

@RUHappyATM

5 ай бұрын

I think that used to be common in the restaurant industry, cash business, I mean.

@Deathmastertx

5 ай бұрын

If you've ever worked retail, you'll know that a suspiciously high proportion of tradies pay in cash. And it's for that reason. Some of the less honourable ones are illegally dodging taxes.

@PHlophe

5 ай бұрын

@@Deathmastertx Tradies lol! the australian slang is funny AF.

@malcorub

5 ай бұрын

Here in the US, my mechanic prefers I pay him in cash... otherwise he passes on the credit card fee to me which can be significant depending on how much the work cost.

@PHlophe

5 ай бұрын

@@malcorub dang! they operate like Mexico where everything is cash in hand based. this sucks because of legal tracability

Cash needs to stick around. It will massively help with the government not tracking you, not being able to take it from you, and if electricity goes out, you'll still have some sweet bills to help you out.

I see NO PROBLEM with cash. You can basically go off the radar when you use cash and pay with cash. It's not "tied to your name" and governments can't just SEIZE IT or GARNISH IT if it's not sitting in a bank account, and companies/corporations can't trace your "spending habits" by seeing what you're buying and what you're doing with it. Free societies STILL need cash. The only thing "wrong" with cash is when it's NOT SITTING IN A BANK ACCOUNT in the eyes of corporations and the government, this is not ideal since they want to fully MONITOR your money and see what you're doing with it, HOW MUCH you HAVE of it and not to mention TAX it[!!!]

Governments and Banks have shown to be shady on quite a few occasions to basically give them about 0 trust. Ofc you could also blow up the value of cash but there is no middle man when you hand over someone a dollar bill

As someone who loves technology and am fascinated by it, dont go cashless! Just remember, electronic = trackable

@Tpavra

5 ай бұрын

So? Unless your breaking the law, what is there to worry about?

@prodig33

5 ай бұрын

@@Tpavra you must love paying taxes, good for you.

@gerardosigaran8665

5 ай бұрын

@@prodig33if you live in any society you should pay taxes and contribute to society end of discussion, if you use a road , you should contribute, you want cops to protect you , you should contribute etc etc

@TonyVainosky

5 ай бұрын

@Tpavra has absolutely nothing to do with illegal vs legal. It has to do with you consenting (or not, in this case) to businesses, corporations & governments tracking your spending habits. But, do you 👍

@Tpavra

5 ай бұрын

@@gerardosigaran8665 100%

Younger generations rely too much on cell phone payment apps. Eventually there won't be justification for FED to continue printing physical notes. By then, privacy will be gone and the youngest generations will regret not using cash.

It's important to keep cash on hand in case you're low on funds. Plus, it feels more tangible and manageable.

@andreafuenzalida9766

10 күн бұрын

yes or in case for some reason your account gets frozen like if a fraud is detected and you have to pay a bill that’s due.

Using cash makes you aware of the money you actually have so you know you only have x amount of money to spend for whatever goods you want. Electronic payments and cards are too easy to use and you'll end up spending more. And if you aren't paying your balances off every month then you are hit with interest charges so the cost of our purchases will be even more.

I like using cash. The new polymer notes in Canada took some getting use to, but we seem to have accepted the transition. At first, the polymer notes tend to stick together when brand new, so you might pay more than you intended. As they break in, though, over time there is less trouble separating them. As for the coins, the loonie ($1) and the toonie ($2), it makes sense that they became coins with the gradual depreciation in value. Heck, we got rid of the penny in Canada because it's worthless. It cost more to produce the penny than it's worth. One day, the nickel will probably go, too.

@JonMartinYXD

5 ай бұрын

We should get rid of the dime before we get rid of the nickel. It should always be possible to break a denomination into the next smaller denomination. Dimes violate that rule: you can't break a quarter into dimes.

@user-om5dh2ys1j

5 ай бұрын

Polymer notes are an Australian invention, just sayin'

@PatrickMcAsey

5 ай бұрын

@@user-om5dh2ys1j Why? Just sayin'.

@Ottee2

5 ай бұрын

@@JonMartinYXD, Good point.

@Ottee2

5 ай бұрын

@@user-om5dh2ys1j , Shoutout to the Aussies. 👍

Physical cash should always remain in some capacity. As far as coins: they should go. If we keep any coin, it should be quarters. Outside of that, all other coins are useless. I never accept coins change because it will get lost. I am not going to wait around to ensure I have enough to deposit them in the bank. I end up saving more money with digital currency because I will loose the loose change or give it to the store since I don’t want coins.

Cash will always be necessary to maintain your freedom. You never know when the government is going to freeze your bank account for something you donated to.

The $100 bill will always be a $100 bill. In digital payments, the $100 become less with every transaction fee.

@doujinflip

24 күн бұрын

The manual labor processing and safeguarding that $100 also makes it worth less to the seller. Unless you're a wage thief.

I agree with what the guy said at the end. Cash is easier to manage you don't have to worry about overdraft fees. You use your card only if you don't have enough cash. Then you're aware of how much you can spend.

@JogBird

5 ай бұрын

yea, but why do we need the penny or nickel or paper dollars

@alkjhsdfg

5 ай бұрын

You can also set daily/weekly spending limits and/or alerts for cards to avoid overspending, it's just as effective and saves you a trip to the ATM.

@Hans-gb4mv

5 ай бұрын

I can count on my fingers the amount of payments I made in cash in the last year, and yet I have no problem with being aware of how much I spend. Even with cash, it is not that obvious because by the time you run out, you just go and get more from an ATM. It takes effort to track your expenses, even more so with cash as you don't leave a paper trail behind.

@dimitarmargaritov

5 ай бұрын

Actually to me card payments are easier because I track most of the transactions, dont have to deal with swapping change money at the cashier, dont have to carry much money in cash if I need to purchase something relatively big etc.

@rocky965able

5 ай бұрын

@@davidlightman9551 what are those reasons? Cash is easier to manage from my perspective, you carry how much you want to spend.

No, we do NOT need digital currency. They just need to find a way to get the cost of mint and print down without lower the quality of the currency product.

Vegas bartender here.... I think I speak for all tip earners "cash is king"...

about 10 years ago I was happy to use my "plastic" everywhere I go or shop. 2 years ago I start getting cash from ATM and now I only pay with cash almost everywhere. Some (like my mechanic) even give me discount when I pay cash instead of CC or DC.

@JS-jh4cy

9 күн бұрын

Welcome to the learning the hard way club

If an establishment goes cashless around where I live, I simply stop going to said establishment. Never went back to Bartaco for that reason.

@abhayrajmaurya8683

5 ай бұрын

Opposite is happening in india ie. If a store is only cash , people are avoiding it . No digital payment less customer

@That-Guy_

5 ай бұрын

And if all the stores go cashless what will you do about food...?

@MementoMori_2070

5 ай бұрын

Ok boomer

@MarquosXoloVanda

5 ай бұрын

​@@That-Guy_barter

@That-Guy_

5 ай бұрын

@@MarquosXoloVanda Good luck with that

"we should have dollar coins instead of paper notes" is the stupidest thing I've ever heard.

@takecare5077

12 күн бұрын

If denomination change such as more use of the dollar coin that should coincide with the discontinuation of the one cent penny. Just like the half cent mentioned in the video. Did you hear one reason he gave for it?

We should fight with teeth and nails a government digital currency. If money gets digitalized there will be no freedom for us the people.

Cash is perfect. You can never convince me otherwise

@banditowashington527

5 ай бұрын

Exactly!

@jgrab1

5 ай бұрын

I think Kristofferson is better than Cash.

We experienced the peak of our era, and now it is gone. Recession is tanking everything including 401K. My retirement equities portfolio of $750K is in the reds. I keep losing because of inflation. This world will fall to the corrupt rulers in the same way that Rome did. I'm sorry if you're thinking about retiring and you're worried that your pension won't be enough to meet the rising cost of living. Horrible foreign policies everywhere, bad regulatory policy, bad fiscal policy, and bad energy policy.

@stevensmiddlemass2072

5 ай бұрын

After the pandemic, things became extremely difficult, which is precisely when I sought a consultant's counsel. I've been investing on my own for nearly 3 years and have built up a stagnant reserve of $280K to $570K in just over 24 months.

@KingDavid-jj7tk

5 ай бұрын

@stevensmiddlemass2072

5 ай бұрын

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@KingDavid-jj7tk

5 ай бұрын

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@brianholguin6338

5 ай бұрын

@@KingDavid-jj7tkscammer grow up

The US discontinued the half cent when it's value fell below what is about the value of a modern quarter today. I think we should discontinue the penny and nickel and round all prices to the nearest 10¢

The problem with dollar coins is carrying them is a pain. Bills are light and easy to fold

A few things I want to say about this: 1. Having a $1 note is very useful because it means that I only have to carry a wallet in my pocket, instead of a wallet + coins. (If I get coins as change, then they go into my car's center console.) Having to pay for the smallest purchases with $5 notes means that I will be receiving $1 coins back most of the time, which would result in large amounts of money piling up in my car over time, putting me at risk of burglary unless I go through the hassle of converting all of my $1 coins back to $5 notes very often. (I hate trying to pay for things with exact change.) 2. The cost of actually making the coins and notes may be covered through seigniorage. In any case, something on the order of hundreds of millions of dollars is a "drop in the bucket," and a small price to pay to keep the economy lubricated at the lowest levels. 3. Getting rid of cash entirely would be an abysmal idea, because it would make small-scale trade difficult or even impossible, especially in rural areas without internet or phone service, or if the power goes out, which it often does where I live. 4. If they bring back the $500 note, then I would make copious use of it when travelling. (The $100's are fine, though.) 5. In short, remember the colloquial proverb, "If it ain't broke, don't fix it." And it ain't broke.

@ytzpilot

5 ай бұрын

#1 the value of a dollar coin is now less then the value of a 25 cent coin from about 20 years ago, therefore having quarters in your car 20 years ago is no different than having dollar coins in your car today, and in 20 years from now a dollar coin will be worth about the same as a nickel today, therefore becoming useless over time

@theobrigham

5 ай бұрын

point 1 could be solved by you just putting your cash in the glove box I'm in the UK and we have £1 and £2 coins, its really not an issue. Hardly use cash though anyway - everywhere is contactless here

@Glowie34765

5 ай бұрын

If you say so, Grandpa. Major security issues carrying cash these days.

@faustinpippin9208

5 ай бұрын

"3" oh so thats why my gov is pushing fiber everywhere and here i was thinking for a second they do it for the people....

@neubro1448

5 ай бұрын

Tell that to other developed countries having coins valued over a dollar where the people carry them daily. Just buy a coin purse for convenience and spend them. At least Japan made this convenient with the abundance of vending machines which many have items over $3 and that many small business only accept cash. There are shrines where you can donate loose change tossing them in a saisen box. If they ever reintroduce $500 bills. It's going to increase popularity among criminals to launder cash and is why EU discontinued the €500 bill.

Tangible or physical currency is needed. Digital is convenient for our lifestyles ‘now’, but if there is a catastrophic power failure, there would only be physical currency or bartering to keep some sort of economy going.

@stephensmith7293

5 ай бұрын

In a hundred years, when all the Rare Earth Metals have been consumed, nothing will be digital, or computerized. No more Internet or cell phones either. Maybe even no more electrical grid. Interesting to think what the world will become when that happens. Glad I won't be here then. More fun the way it is now.

@kingofhearts3185

5 ай бұрын

That kind of disaster would shudder businesses altogether, and if you need it long term then cash has lost its value. So no, not really.

@longiusaescius2537

5 ай бұрын

@kingofhearts3185 cope

@TorreFernand

5 ай бұрын

@@kingofhearts3185 No it would not. Venezuelan speaking here. We'd gone fully digital with our money then had a month-long nation-wide blackout in 2019. Business did not stop, it actually got more stable with everyone going to cash! It's been 4 years and cash is pretty much still king. We NEVER went back to fully digital

@kingofhearts3185

5 ай бұрын

@@TorreFernand My mother left Venezuela in the 90s, and she tells me it's all just US cash when she visits my grandparents. Maybe that's just Caracas though.

Physical cash is a great idea. I'm in Canada, and all I want to see is several denominations of cash removed. If we had 25c and $1 in coins, then $5 $20 and $100 in bills, the system would be great. The $100 bill should replace our $50 bill, and the $5 note could be replaced with a $5 coin too at this point. 25c today is worth less than 1c back in the 30s, so no denomination less than that is needed.

Physical currency will always be needed to some degree. Is nice to use digital for simple things at times. But I enjoy using cash.

Every time I swipe my card, the credit card company gets their 2-3% cut. The $20 bill I pay with will always be worth $20. No wonder the CC companies are so well off.

@doujinflip

5 ай бұрын

Only in America. It's like 1% or less overseas, which is about how much it costs business the labor to handle cash. The extra percent goes into cash back, rewards points, and features like purchase protections that similar cards abroad don't offer.

@weird-guy

5 ай бұрын

😂 that’s what your “free market” gets you, here is 0.2% for debit and 0,3% for credit and it already priced in by the shops is not a extra fee, also unless you are evading the irs that $20 is never $20

If you noticed, $20 bills are popular because most places will not make change for $50 and $100 bills because those bills are the most counterfeited. Counterfeiting $20 bills seems to use too much paper and effort. Shops don't want the $1 coins because the change drawer doesn't have enough slots for them. If we stops making pennies $1 coins could become popular.

The level of honesty about US Cash being the NUMBER ONE currency used for money laundering tax evasion and anonymous transactions was mind blowing.

Nailed it about using cash for a hair cut as small businesses are hit with credit card fees so cash is preferable for them.

@rizzle187187

5 ай бұрын

This actually is compensated for most part in small shops in Europe with a small 0.25cent fee for using card.

@alexjones7845

5 ай бұрын

@@rizzle187187 Credit card fees in the use are much higher than that, usually 2 to 3% of the sale and sometimes also a per transaction fee

@priyanksaklani8176

5 ай бұрын

In India no transaction fee for small and medium enterprises if they use UPI for digital transactions. This lowers the barriers for money circulation in the economy. Digital infrastructure is as important as physical infrastructure.

@ytzpilot

5 ай бұрын

I have a hair salon and do not charge those fees, but obviously the price I charge covers all of our costs for doing business or we would be out of business, therefore if a business is charging you that fee that is called transparency, if you don’t see that fee it is a hidden cost. I choose to absorb all those costs and any other costs in the services we charge therefore they all become hidden costs

@RUHappyATM

5 ай бұрын

@@ytzpilot At least you are being honest about ACTUALLY charging the fees, just not declaring it to the customers.

I started going back to using paper money all the time now. An all digital pay system is costing far too much in transaction fees.

Back in college in the 90s I needed to buy a train ticket and only had a $20 the machine gave me all Suzanne B Anthony dollar coins. It was a real pain carrying a pocket full of these coins all day.

One other problem is that some foreign countries like in South America, are counterfeiting US notes that are practically undetectable from the genuine notes!!

The only problem with cash is that it threatens government overreach. It cant be tracked so they dont know what you are buying.

@wakeupamerica2024

Ай бұрын

@@donk8105 modern monetary theory means money printing turned partially digital. They are lending money that doesn't exist and creating more by moving decimals in a computer. Cash is still a threat to modern monetary theory because you can go to a bank to collect on your account and if everyone did it there would be another depression.

@32Jarrod

10 күн бұрын

and they can't hit a switch and prevent you from buying what they don't want you to buy.

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All of our bills state they are for debts, public and private. So, cash needs to be accepted. That doesn't mean large bills need to be accepted.

US government should cancel the $100 note and give owners 1 month to return them to US banks. Boom!

Coins are almost useless now because for a long time you could buy something like a candy bar or a gallon of gas for 25 or 30 cents but now you can't buy anything with less than a dollar plus tax. So whenever I get coins back as change they just collect in a cup holder or a jar until they get to a coinstar and are exchanged for whole dollars.

@kenmore01

5 ай бұрын

Roll them up yourself and bring them to a bank. It's a lot cheaper than coinstar.

@koshakuguides9863

5 ай бұрын

I like coins. They come in handy when I'm broke and just want a soda lmao

@paul9299

5 ай бұрын

How old are you? The last time gas was 25-30 cents was right after wwII so for you comment to make any sense you would have to be close to 100 years old 🤣 But yeah, the dollar has terrible spending power today even adjusted for inflation

@johnd8167

5 ай бұрын

​@@paul9299actually, there was gas at some places still as low as 29 cents/gallon in the early 1970s.

@velvetypotato711

5 ай бұрын

@@kenmore01 You don't need to roll them up. Go to the bank's main office and they often have a free "coinstar" machine

The US dollar is the world's most trusted brand. Be cautious about making changes to this iconic currency.

@doujinflip

24 күн бұрын

The dollars the rest of the world uses are $100 bills or digital.

Due to inflation, physical currency has become more ponderous. The simple solutions are: 1. Get rid of the $1 note. Go to a $1 coin. 2. Get rid of the penny and nickel. Every transaction should be a minimum of $0.1 3. Reintroduce the $1000 note.

@takecare5077

5 ай бұрын

I think the sticking point is the quarter which ends in .05 (at .25) like the nickel though I somewhat agree with that. Penny's could end right now.

$1 coin will be used when 1 cent coin is no longer used. Switching to rounding up to the nearest nickel is an obstacle, leglaly and mentally.

Сash money is the only way to own your money.

Look what happened in Canada. Never rely on digital currency.

The biggest impediment to accepting a dollar coin was that the two attempts were too similar to the quarter and could easily be confused. A dollar coin needs to be not only distinctive in diameter but also in thickness and color. When I was in the UK many years ago I had no trouble identifying a one-pound coin.

Actually the government depends more on cash than we do because of the behind the door & under the table deals they normally engage in that they don't want the public to find out. Ergo cash is NEVER going away in this century.

I use both cash and card for everyday purchases. And there's some I don't trust with a card so I pay cash, like gas station pumps and restaurants. But I also use personal checks for bills that change every cycle or the big ones (utilities, mortgage, etc) and auto-draft for bills that don't change (cell phone, auto insurance, etc). So I'm a mix of everything.

Anyone who has ever been in a jam or a rush knows the power of cash. Paying with cash tends to get you bumped to the front of the line if the business accepts it.

@bwofficial1776

5 ай бұрын

A $100 bill talks pretty loudly when you really need something, sometimes even more so than five $20s.

@nsbioy

5 ай бұрын

@@bwofficial1776 A lot of businesses do not accept $100 bills

@takecare5077

5 ай бұрын

@@nsbioy Also a lot of business take cash only too.

The actual problem is that a number businesses refuse to accept US currency as legal tender.

I’ve oddly began to start using cash, exclusively and almost obsessively. I like privacy. I used to never have any cash on hand and it has become more comfortable to use especially places where I worry about my information being stolen (like sketchy gas stations etc).

I use cash everyday and I will always use cash.

@nsbioy

5 ай бұрын

That’s good, but unfortunately, you can’t use cash for everything anymore. If you live in a forest and do not travel anywhere, then cash only is possible. Otherwise, cash only won’t get you far.

@yakovbrod9992

5 ай бұрын

@@nsbioy I'm not sure what there is you can't buy with cash other than stuff on the internet.... even then, if you count money orders then you usually still can.

@nsbioy

5 ай бұрын

@@yakovbrod9992 Cash-only is technically possible for most cases, but it is inconvenient and requires extra effort. Online shopping - possible to buy burner cards for cash, but it is expensive and inconvenient. Buying plane tickets - terrible. Renting a car - almost impossible and, if possible, may be more expensive than with a card. Some businesses no longer accept cash (I disagree with that, but it is what it is). We went to London recently, and at a street market the vendor would accept only card/phone payments, but won't accept cash. Money orders or cashier's checks are technically possible, but they also cost money and are very inconvenient, too.

The main problem with cash is that the government can't easily track how it is being used. I'm on social security, and benefits are required by law to be received by direct deposit only. No more checks. This allows every recipient's transactions to be tracked. Any and all cash withdrawals are strictly scrutinized and usually end up with a phone call from the bank, Social Security Administration, or both inquiring about how the cash withdrawal is being used, where it is being used, and what business(es), establishment(s), or individual(s) received cash and to what amount from the recipient. The way it is now, anyone still using cash in America is automatically suspected of involvement in criminal activity of some kind.

You should NEVER get rid of cash.

Electronic currency leaves you vulnerable to being debanked for political reasons. Think of all the people who had PayPal accounts terminated for BS reasons. Cash doesn't carry those risks.

@s7chen

5 ай бұрын

Political risks exist for hard cash too

@faustinpippin9208

5 ай бұрын

remember how in australia people got their accounts blocked for not taking a experimental drug?

@faustinpippin9208

5 ай бұрын

@@s7chen yes but you cant target a specific group, when there is a risk then its for everyone who is using money....

@s7chen

5 ай бұрын

@@faustinpippin9208 true, although hard cash also carry other risks. Like you might forget where it is or it gets lost in a fire, etc

@faustinpippin9208

5 ай бұрын

@@s7chen i lived long and i never forgot where my money is....and it sits in a fireproof safe so a fire wont harm it.....i have literally 0 problems with cash....besides of never having enough of it :c

Cash is a great tool dont fix it if is not broken

@jonas90.

5 ай бұрын

US Government spend a Billion dollars per year with just the production of notes and you think it isn't broken? You completely missed the point of video.

@4umy

5 ай бұрын

@@jonas90. Cash is necessary for a free society. So be it coins or cash we can't go all digital

@whodarboilebamnames3990

5 ай бұрын

​@@jonas90.That's less than $3 per American. The utility and protection cash provides is worth way more than that. Also using US cash is popular around the world, getting rid of cash would reduce the value of the USD as well. It's a lose lose.

@MementoMori_2070

5 ай бұрын

It may not be broken, but it’s dirty. Many hands touch it 👋, it’s probably been in a strippers butt cheek: and stashed away in someone’s underwear or bra. 😅😅. I’m good with digital

The real problem with currency in any form: It's a human created fiction which has been placed on a pedestal and treated as if it's existence were some natural or physical law of the universe. While a useful tool, no doubtedly, that is all currency is, a tool. And like all tools it can be very easily misused or even abused.

Another problem with cash is they can't just print it digitally by simply typing in more zeros on a computer. Printing more physical notes brings more accountability vs typing.

"What's wrong with US Cash?" "Government can't turn it off or monitor every cent" "Here's why our propaganda department is telling you this is a bad thing"

*”And we would like to give a special thanks to the Internal Revenue Service for sponsoring this video”*

Being cashless in the US for me can be annoying because more and more card transactions pressure the consumer to tip for a simple over the counter transaction that should never have an expectation of a tip.

The day physical currency ceases to exist is the day that you no longer own anything.

Its hard to open a bank account in US dollars when you are abroad, and its almost impossible that your local bank will allow it, and even if you get a US visa (It takes 2 years just to get an appointment in LATAM) and a bank will open you an account, if you don't touch it for some time the bank will close the account and the local state government will take the money, when I worked as an interpreter I was in calls where this had happened to people in Argentina, Colombia and Venezuela. But to get dollars is easy, you just go to the airport and buy dollars, having 5k, 10k or up to 20k won't take much space and if you need to use it you can do it fast, unlike with other things like gold.

@davidb2206

5 ай бұрын

At the airport in Bangkok, Thailand, the mafia ran the currency exchange and ran a racket of handing out counterfeit U.S. bills when they knew tourists would be leaving the country. Happened to a friend of mine. Fake $50.

@walterm2618

5 ай бұрын

Just remember you can only carry 10K cash in $/€ into the us/eu w/o having to report it

@crazyprayingmantis5596

5 ай бұрын

Ever heard of Bitcoin? The hardest money mankind has ever seen.

@davidb2206

5 ай бұрын

@@crazyprayingmantis5596 I made 70% profit last week and sold it all.

Essentially I believe it comes down to options which means control ultimately. To have and use many options is ideal but once you only have one you really have zero. Two options isnt much better. Minimum three. Self custody physical assets is what they want to do away with. Private, secure, and the most reliable. Digital is fast, convenient and far reaching. Physical: coins, jewelry, watches, cash. Digital: crypto, bank/market accounts

@sionbarzad5371

5 ай бұрын

""crypto'' rofl

@johnbrown7911

5 ай бұрын

@@sionbarzad5371 it's only for smart people, you wouldn't be interested.

@JohnWarner-lu8rq

5 ай бұрын

@@sionbarzad5371 I made seven figures on a $2000 Bitcoin investment. SUX2BU

@JohnWarner-lu8rq

5 ай бұрын

Gold, Silver, Palladium.... hard currencies. I have one card and rarely use it; maybe twice a month, if that.

I use both but I've been shifting to cash, my main issue is banks. I went to the bank to buy a car and had to spend 30 min and explain why I needed my money. My mother also opened a bank account at chase to transition to a bank she thought was better. They froze her account with 45,000 dollars. All her money completely locked up for 45 days. Had to borrow money to pay bills. When people lose trust in the banks and the banks don't allow us to use the money we worked hard for or need explanations as to what I spend my money on that's when you see people shift. That's not even going into the current wave of online and phone scams, hacking and bank failures.

@takecare5077

12 күн бұрын

Does your mother still keep all her money in one bank these days (depending on your local options)? Bigger ones like the one you mention tend give more hassle.

2 problems with cash. 1. Government can't track you. 2. People don't know how to count money at registers, even when the computer tells them what change to give back.

There's good and bad on both. I for one prefer cash. People say you're trying to avoid being tracked. Ah, why would anyone want to be tracked constantly by a big brother? I hate that to spend money digitally, you have to pay a fee, which takes more of your money. Kids these days don't understand that every penny counts. I've sat my own kids down and added up receipts and charges to use their cards. When my older son had $2k in fees, he told me he could've paid off his loan for that. I said yep, and you didn't only because you were lazy and didn't use cash. And who got that money? The same place you pay to charge you. Just ridiculous. It's a big scam to go digital. It's fine for paying your electric bill or utilities but for everyday transactions we need to stick with cash.

@christopher9727

5 ай бұрын

God created the world in six days He can also save you from hell and have a personal relationship with him today He can give you his Holy Spirit to guide and teach and comfort you today Romans 6:23 For the wages of sin is death, but the free gift of God is eternal life in Christ Jesus our Lord. Come to Jesus Christ today Jesus Christ is only way to heaven Repent and follow him today seek his heart Jesus Christ can fill the emptiness he can fill the void Heaven and hell is real cone to the loving savior today Today is the day of salvation tomorrow might be to late come to the loving savior today John 3:16-21 16 For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life. 17 For God sent not his Son into the world to condemn the world; but that the world through him might be saved. 18 He that believeth on him is not condemned: but he that believeth not is condemned already, because he hath not believed in the name of the only begotten Son of God. 19 And this is the condemnation, that light is come into the world, and men loved darkness rather than light, because their deeds were evil. 20 For every one that doeth evil hateth the light, neither cometh to the light, lest his deeds should be reproved. 21 But he that doeth truth cometh to the light, that his deeds may be made manifest, that they are wrought in God. Mark 1.15 15 And saying, The time is fulfilled, and the kingdom of God is at hand: repent ye, and believe the gospel. 2 Peter 3:9 The Lord is not slack concerning his promise, as some men count slackness; but is longsuffering to us-ward, not willing that any should perish, but that all should come to repentance. Hebrews 11:6 6 But without faith it is impossible to please him: for he that cometh to God must believe that he is, and that he is a rewarder of them that diligently seek him. Jesus

@heronimousbrapson863

5 ай бұрын

Here in Canada, the transaction fee for debit and credit cards are, in most cases, absorbed by the vendor and not passed on to the customer.

@torbjornlago7936

5 ай бұрын

@@heronimousbrapson863 ”not passed on to the customer” Who do you think pays in the end? Do you really belive they will lower theirs profit margins?

@torbjornlago7936

5 ай бұрын

@@weird-guy ”banks beer the charges” in the end the bank-costumers will be the one paying for it, or do you think banks are charities? Small business can’t get a deal with so low fees, But you digital huggers will be happy in the future when there is only Amazon left and the government control everything like CCP.

@okhotrodder

5 ай бұрын

3% is pretty high to do nothing. So you wouldn't care if you got charged 600 for a $20k purchase? Sounds like you're not in the US. Most banks here charge $6-12 a month for checking accounts. Every atm charges a fee if it's not your bank atm. Then your bank charges a fee for using it also. So, at a minimum, most people are paying around $5 per transaction, no matter if they withdraw 5 bucks or 500. So a $5 withdraw becomes a $10 withdraw. That's a 100% fee. But for some odd reason, people don't care... Using cash apps charges the receiving party a fee for every single transfer. I don't know of any that are free. My city doesn't allow cash payments anymore. But when you pay online, they charge a convenience fee, an online fee, on top of a transaction fee just to pay your bill. So paying your water bill and trash service gets a fee. I get charged the same type of fees to add money to my kids' lunch money accounts. Everything the school does online charges a fee to do it. Everything has fees, and if you actually stop and add them up, it equals a ton of money just going out the door. Nothing is wrong with cash. It's a perfect form of value everyone can benefit from.

Don't fix it, if it's not broken. Electronic cash is dangerous because you don't own it, if it's in the bank. The feel of the US currency is very important, people like how it feels.