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What If Cash Is Abolished?

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Pillar of the Community
Dar's Avatar
United States
1476 Posts
 Posted 04/18/2015  7:58 pm  Show Profile   Bookmark this reply Add Dar to your friends list Get a Link to this Reply
umm...
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KenKat's Avatar
United States
4085 Posts
 Posted 04/18/2015  8:16 pm  Show Profile   Bookmark this reply Add KenKat to your friends list Get a Link to this Reply
People could just trade ammo:

.50 cal = 50 cents
.44 cal = 25 cents
.38 cal / 9mm = 10 cents
.30 cal / 7.62mm = 5 cents
.22 cal / 5.56mm = 1 cent

Paying taxes could be fun and interesting!
Valued Member
BlackNWhite's Avatar
United States
109 Posts
 Posted 04/18/2015  8:38 pm  Show Profile   Bookmark this reply Add BlackNWhite to your friends list Get a Link to this Reply

Quote:
And this is just wun pile that was found in the RAID ...


Not quite 22 billion . Even one billion would be 10 million $100 bills and multiple tons in weight. Now multiply that times 22.

Edit: Pictured was a little over $200M. A little short of $22B http://www.snopes.com/photos/crime/drugmoney.asp
Edited by BlackNWhite
04/18/2015 8:44 pm
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 04/18/2015  9:06 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
$22 Billion is half a million pounds of $100's, call it something north of 200 pallets. Ten 40ft trailers, 5 if you double stack but then they'd be well overweight.
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Cascade's Avatar
United States
7390 Posts
 Posted 04/18/2015  9:16 pm  Show Profile   Bookmark this reply Add Cascade to your friends list Get a Link to this Reply
What... No coin collection?
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vvanme's Avatar
17 Posts
 Posted 04/18/2015  9:31 pm  Show Profile   Bookmark this reply Add vvanme to your friends list Get a Link to this Reply
Hay I just snipped the pix with info ...
don't think the amount here is the problem ... How to estimate a warehouse stacked to the ceiling multipled by ? who really knows, is where MOST paper money ends up ... come on re-read and think about the original message posted here
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nalaberong's Avatar
Canada
2805 Posts
 Posted 04/18/2015  10:47 pm  Show Profile   Bookmark this reply Add nalaberong to your friends list Get a Link to this Reply
Overestimating numbers by a factor of 100x goes a bit beyond "acceptable error". Imagine these people finding cash on the ground.

"Oh sweet, a hundred bucks! I'm rich and the government will never know what I'll spend it on! ...oh no, it's just a dollar. Whoops."


Quote:
not goin very far out on a limb here to say, when cash is outlawed outlaws will have a lot of bum wipe, and OUR corrupt cover-up-mint won't have to account for ANY OF IT.
let that soak in for a minuet


I try to let it soak in all I like but I still don't get it. Do you have a source that isn't formatted like timecube.com?
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jbuck's Avatar
United States
189052 Posts
 Posted 04/19/2015  12:13 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Some of these comments really have me shaking my head.
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vvanme's Avatar
17 Posts
 Posted 04/19/2015  8:22 pm  Show Profile   Bookmark this reply Add vvanme to your friends list Get a Link to this Reply
Edited by Staff - We don't act like that here. You're done here.
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ben89's Avatar
United States
73 Posts
 Posted 04/20/2015  3:04 pm  Show Profile   Bookmark this reply Add ben89 to your friends list Get a Link to this Reply
im 25 and before I was 20 I used cash 90% of the time. now I use card 90% of the time. while its always good to have both in reality the vast majority of people deal in credit these days. unless you do contracts for people you personally know or have a small store most people get their money via credit to required accounts or checks for contract work.

most places that arnt mom and pop shops want card as if its not the owner handling the money they are more concerned about being robbed than saving a small percent.

i give it 20 years before a call from banks to come turn your physical cash in is made. the government has absolutely no benefit that I can see to the country using cash instead of credit. I think gold and silver may rise to take place of day trading to avoid government eyes.
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jbuck's Avatar
United States
189052 Posts
 Posted 04/20/2015  3:07 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
most places that arnt mom and pop shops want card as if its not the owner handling the money they are more concerned about being robbed than saving a small percent.
This is a good point, a value add for electronic payments. Cash can be stolen, lost, destroyed by disaster, etcetera.
Bedrock of the Community
United States
20753 Posts
 Posted 04/20/2015  4:41 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Quote:
People could just trade ammo:

.50 cal = 50 cents
.44 cal = 25 cents
.38 cal / 9mm = 10 cents
.30 cal / 7.62mm = 5 cents
.22 cal / 5.56mm = 1 cent

OK so now what do you do with a .357? How about a .32 or .177 or .40 cal? And then too there are always those things like a 7.63mm?
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Conder101's Avatar
United States
17884 Posts
 Posted 04/21/2015  10:46 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
At a coin show, today, half the vendors were set up for cash only. The others would take a card or accept PayPal via smartphone.

That is a trend in itself. Ten to 15 years ago you would be unlikely to find anyone at a coin show accepting anything other than cash or check


Quote:
OK so now what do you do with a .357? How about a .32 or .177 or .40 cal? And then too there are always those things like a 7.63mm?

You round up or down to the nearest caliber and apply to the exchange rate table given.
Pillar of the Community
United States
1554 Posts
 Posted 04/21/2015  11:49 am  Show Profile   Bookmark this reply Add 1893S to your friends list Get a Link to this Reply
I've never been to a coin show where dealers took plastic. With that being said, I've haven't attended the ANA, FUN, or Baltimore shows.
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 04/21/2015  1:23 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
OK so now what do you do with a .357? How about a .32 or .177 or .40 cal? And then too there are always those things like a 7.63mm?


Does .22 Win Mag carry a premium over .22LR?
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