Coin shortage

Dr. Howard

Peacock
Gold Member
This is an interesting issue and definitely something that we can learn from history about reaction options. I don't know if its still the case but certainly during the 80s in russia and some other countries transactions in paper US dollars were preferred.

In America during the late 1880s and afterwards certainly greenbacks and silver currency were preferred in some places.

I would speculate that paper money will be coveted currency soon and/or when it is softly banned. People trust it, even if it has no value. The illegal drug trade operates in cash, even though it operates outside of any mostly legal enterprises except for when it is laundered.

How will illegal operations launder funds if banks and legitimate establishments stop accepting cash? I think if we can answer that question, we probably have a good answer to what the coveted currency will be after cash is banned. EBT cards? prepaid cards? Gold? A crackhead will not be paying in bitcoin, currently too complex.

I'm going to go with Gold as there is a symbolism for (((bankers))) inherent with it and so there will always be a channel to convert it into 'approved' currency. It can be weighed, and enough of it exists in jewelry form that it can be targeted for robbery by drug addicts.
 
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Troller

Woodpecker
My gut feeling was cash will still be around. But it will cost more to obtain and be mostly for elites. Maybe a tax or some kind of fee for the privilege of using cash. But now I have no idea. Another thought is if everything being plugged into electricity. If there´s an electricity shortage you have no options. An electric car. An electric coin. Electric home supply. No electricity means no way to pay or travel.

If currency is all digital there´s no difference between them. You couldn´t tell the difference between a chinese or american currency. Now you can Yuan and Dollar bills are different. Another step into world central currency.

Either way it´s something being pushed. Against people will. Another communist scam. Communism and judaism are just fucking ugly. Ugly as hell. There´s a natural repulsion for it.

Digital currency means lack of privacy, lack of identity, increase of dependency, increase of costs, lack of freedom.
 
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NoMoreTO

Pelican
I think like most things there will be a slow burn / boiling of the frog on digital currency. They will need to make one big move though. Then they'll wait 3-5 years and make another big move.

In Canada we are short on $50 notes. During Covid people were pulling alot of money out banking machines, 50s is the highest available denomination in Canadian Banking machines.
 

Dr. Howard

Peacock
Gold Member
My gut feeling was cash will still be around. But it will cost more to obtain and be mostly for elites. Maybe a tax or some kind of fee for the privilege of using cash. But now I have no idea. Another thought is if everything being plugged into electricity. If there´s an electricity shortage you have no options. An electric car. An electric coin. Electric home supply. No electricity means no way to pay or travel.

....
This fee already exists for businesses. Many business accounts carry extra bank fees for making deposits using cash, the rational explanation is that banks have to pay someone to count it all, but it could be leveraged further.
 

paninaro

Kingfisher
My gut feeling was cash will still be around. But it will cost more to obtain and be mostly for elites. Maybe a tax or some kind of fee for the privilege of using cash. But now I have no idea. Another thought is if everything being plugged into electricity. If there´s an electricity shortage you have no options. An electric car. An electric coin. Electric home supply. No electricity means no way to pay or travel.
Get a generator if you don't have one. You can get them that run on natural gas or gasoline. Gasoline may go out of style if electric cars take over, but natural gas will stick around since it's efficient for home and water heating.
 
Get a generator if you don't have one. You can get them that run on natural gas or gasoline. Gasoline may go out of style if electric cars take over, but natural gas will stick around since it's efficient for home and water heating.
What are some good brands or makes? I'm looking to get one.
 

Foolsgo1d

Peacock
The banks is asking people to turn in hoarded coins here in Hawaii.

This is just another fishy thing in a sea of nonstop fishiness if you ask me.

Aloha!
Hawaii is locked down still so no tourism which means less cash right?

This thing is moving in one direction in favour of the central banks. Kill the economy to reduce/stop money velocity so they can print to infinity and buy everything.
 

Psalm27

Robin
Gold Member
My gut feeling was cash will still be around. But it will cost more to obtain and be mostly for elites. Maybe a tax or some kind of fee for the privilege of using cash. But now I have no idea. Another thought is if everything being plugged into electricity. If there´s an electricity shortage you have no options. An electric car. An electric coin. Electric home supply. No electricity means no way to pay or travel.

If currency is all digital there´s no difference between them. You couldn´t tell the difference between a chinese or american currency. Now you can Yuan and Dollar bills are different. Another step into world central currency.

Either way it´s something being pushed. Against people will. Another communist scam. Communism and judaism are just fucking ugly. Ugly as hell. There´s a natural repulsion for it.

Digital currency means lack of privacy, lack of identity, increase of dependency, increase of costs, lack of freedom.
Cash might be around but it will also be digitized.

Dynamic Intelligent Currency Encryption (DICE) is an AI-controlled security technology, which devaluates banknotes and assets remotely that have been stolen or are illegal. The cash security system that is based on identifiable banknotes, was invented and first introduced in 2014 by AI-specialised British-Austrian technology company EDAQS.[1][2] The system claims that its RFID-equipped banknotes[3] and other securities are registered to a centralized and safe system and can be considered as unforgeable, which contributes to solve cash-related problems and helps in the fight against the black economy, crime and terrorism.
 

paninaro

Kingfisher
What are some good brands or makes? I'm looking to get one.
I have a Generac, and a friend has Kohler. Both seem to be good. The key is to do the routine maintenance. It's an engine, similar to what you have in a car, albeit getting a lot less use. You still need to change the oil, filter, and check the battery on a routine basis.
 

Days of Broken Arrows

Crow
Gold Member
So I just bought some Pop-Tarts and Little Debbie Snack Cakes. I paid cash.

If we end up in a cashless society, the grocer can share that with my credit card company who can then pass it along to my health insurance provider. Who can then raise my premiums.

Same goes for alcohol or anything else you can think of that's deemed "unhealthful." It's not the government we need to worry about. The government is a puppet of the corporations. They run the show.

This also ties into how corporations are setting the rules now for free speech (firing people, deplatforming) and pushing behavior modification on the populace through racial and sexual "training" programs. If you had told people this was going in even in the 1980s, they'd have thought you were insane.

I have very little hope this will improve. If this is happening under Trump, it will happen with anyone else.

And I agree with all the previous commenters who said the gov't could mint more coins if they wanted to. I used to known someone who owned a shop for coin collectors and heard lots of stories about how the powers that be would flood the market with certain coins if they felt the need.
 

Hillbilly

Pigeon
Silver Bullion TV has a pretty good video on the coin shortage. Unfortunately, it's on shitty YouTube, but it's still a worthwhile vid:

 

NoMoreTO

Pelican
I was going to ask the same question. I think it's very smart to do, just depends on your situation and the real question is, "How much?"
10K would be enough to survive on for a little while , or use for purchases outside of the system while you organize.
 

CSH2C

Newbie
I make a point to visit the ATM once per week, and to collect my coins. Use cash and coins for purchases whenever possible. Put some coins your pocket before you leave. Make a habit of these steps.
It doesn't always work. The payment machine I visited today refused my dollar bill injection slot. I was forced to pay with the CC.
Why do CC companies need to know my purchase history? Why do vendors have to pay 3% CC usage fee?
 
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