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 Replies: 112 / Views: 17,154 |
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Pillar of the Community
Canada
2984 Posts |
A lot of ethnic stores and restaurants accept only cash. They don't want to pay the credit card fees which could be up to 3%. Plus it is easier to fudge the books by dealing with cash only.
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Pillar of the Community
 United States
2408 Posts |
Who would have thought that businesses are now enforcing cashless pay in attempt to limit exchange of the COVID-19 virus.
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Pillar of the Community
Canada
650 Posts |
Slippery slope currently with covid if the health guess push it it's gone heard rumblin today.
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Pillar of the Community
United States
2408 Posts |
Went to deposit rolls of coins at our local credit union today with my daughter and we found out they don't take coins anymore. We were instructed to use the "automated machine" and pay a 10% fee (5% if you have an account). Maybe this is normal now, but for me this came to a shock. I remember spending hours going through rolls for coin hunting when I was a kid...
Sad.
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Bedrock of the Community
Australia
21786 Posts |
NCLT is related in face value to the currency that is in circulation.
If we enter into a cashless society, there will no longer be a need to issue NCLT that is related to cash (either coins or notes).
Thus NCLT will only be needed for the bullion stashers and all NCLT and bullion coins will be traded for their metal value only.
I don't really see a a long term future for NCLT, trading at well above bullion value, as it does now.
NCLT will fade out slowly just as stamp collecting seems to be doing.
Edited by sel_69l
06/09/2022 07:44 am
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Pillar of the Community
United States
2365 Posts |
Edited by dsking
04/03/2023 12:53 pm
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Pillar of the Community
Germany
992 Posts |
Quote:
many of our US National Parks no longer accept cash - they are all electronic. Eeeeuuuu! Someone should sue them (to accept cash). |
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Bedrock of the Community
United States
10034 Posts |
Hmmm...having a problem finding the wording the exception clause in "This note is legal tender for all debts public and private." I find it weird for the government to say they won't accept what they themselves have defined to be used for payment.
And since everyone is so keen about so-called "discrimination" nowadays, I wonder how not allowing people inside parks who won't use anything but cash will play out? It's a privacy issue as well.
How much squash could a Sasquatch squash if a Sasquatch would squash squash? Download and read: Grading the graders Costly TPG ineptitude and No FG Kennedy halveshttps://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2 |
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Pillar of the Community
United States
634 Posts |
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Bedrock of the Community
Australia
21786 Posts |
The way I see it
Federal Agencies are well within their right to refuse federally issued money in all it's forms.
In the monetary sense,
for a buyer to legally tender or offer to pay using a Federal Reserve Note is quite OK.
However,
any Federal agency, or any private citizen, also has the right to refuse that 'offer' (or tender.)
We are, after all dealing in fiat money.
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My life is going to become increasingly difficult.
My personal details from my medical insurance company were hacked, and sold on the 'dark' web.
Now, I am continuously bombarded with scam phone calls, emails, and text messages, with threats that I am liable to prosecution if I don't comply with their demands.
My response to this is to cancel all of my credit and debit cards, and only deal in cash.
I am now suffering at the hands of dishonest scammers, on almost continuous basis.
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Pillar of the Community
United States
2408 Posts |
I retired a couple months ago, and wife and I decided to drive up to Quebec and spend quality time up there. It's been quite a while, but I still have my Caisse Pop account - and debit card! To my surprise EVERYTHING is way more electronic than in the US. I never had to use currency. Just an observation.
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Pillar of the Community
Germany
992 Posts |
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I never had to use currency. But would you have been able to use cash if you wanted to use it? |
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Moderator
 United States
187950 Posts |
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Hmmm...having a problem finding the wording the exception clause in "This note is legal tender for all debts public and private." I find it weird for the government to say they won't accept what they themselves have defined to be used for payment. The key word is debt. Debt is money owed. If they do not let you in the park or let you buy things in the gift shop, then you owe them nothing. Also, you can still refuse to accept legal tender to settle a debt! However, you lose any claim against the debtor since a legal attempt was made to settle that debt. The debt is still owed, but you will be unable to compel them to remit another form of payment. i.e. a stack of bills instead of a tub of pennies.  |
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Pillar of the Community
United States
2408 Posts |
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But would you have been able to use cash if you wanted to use it? Good question. I think most businesses still accept cash. Coins or high denomination, maybe not. Fun fact: Years ago, I used to travel to foreign countries a lot and would always return home with tons of coins that couldn't be exchanged at the airport. This last trip I returned home without a single Canadian coin. |
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Pillar of the Community
Germany
992 Posts |
Quote:
This last trip I returned home without a single Canadian coin. This is just sad.  Thanks for the information though.  |
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Replies: 112 / Views: 17,154 |
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Posted 03/20/2020 8:47 pm
