I predict cash will be outlawed very soon

[joko104]

I predict what is coming next is outlawing money (cash/coins) - because it can carry covid-19. ALL money transactions will be required to be electronic - and Bill Gates says everyone should be tested for covid-19 and a chip put into people's hand linked to their smart phone with GPS so anyone positive or refusing to be tested can be required to go nowhere - monitored by the chip, their smart phone and monitors in public places - plus their electronic money no good anywhere but buying from home.

The DHS wants this using the same reason now any cash transaction at banks more than $3000 - used to be $8000 - must be reported to the government as an anti-terrorism measure. Certainly the IRS and all taxing authorities want this. No more failing to report income or collecting sales tax for a garage sale or selling your car or anything else. No more waitresses not fully reporting their tips. No more unpaid traffic tickets - just take it out of your electron account electronically. In this, there would be a deadline to convert all cash to electronic funds in your account. That cash would be subject to summary civil forfeiture for which you could - at your expense - try to prove you didn't come into the money illegally having the burden to prove you aren't a criminal.

No more need for tracking illegal migrants or any fugitive. Turn off their electronic funds and starve them out - plus easily detecting the person's chip - and detecting who doesn't have a required chip. No need for police questioning, just wave the police smart phone over your hand. If you don't have the chip, they take you in. If you have the chip, it would tell of you are not legally here and/or a fugitive.

No need to do tax returns. Since the government knows exactly every penny that passed into and out of your hands - and exactly for what - the government will just take your income until the taxes are paid or put whatever refund they figure into your account. Same for property taxes etc. No need for warrants for unpaid tickets. Just take it out of your electronic account. Civil courts could take civil judgments out of your account. There is every reason for every level of government to want cash made illegal.

Part of this will be making having gold, silver and platinum illegal. In 1933, "hoarding gold" was made a federal felony punishable by up to ten years in a federal prison, so don't think that couldn't happen.

All this can be done merely by saying "money carries covid-19." Due to the 24/7 terrorist campaign most people would demand outlawing cash - certainly virtually every Democrat. To most people now so deliberately filled with terror and hate - turning to the government begging, sobbing and ranting "SAVE US FROM THE VIRUS!!!" - the government can do anything it wants to in the name of "The War On Covid-19." It has already proven it can.

 

[SkyChief]

Cash can be outlawed, but it cannot be banned.

As long as cash has value in trade, it will be used for trade.

Plain and simple.

COVID-19 only remains viable for 5 hours or so.

Any cash tainted with COVID-19 becomes inert within 8 hours of handling.

 

[captaintrips]

I predict what is coming next is outlawing money (cash/coins) - because it can carry covid-19. ALL money transactions will be required to be electronic - and Bill Gates says everyone should be tested for covid-19 and a chip put into people's hand linked to their smart phone with GPS so anyone positive or refusing to be tested can be required to go nowhere - monitored by the chip, their smart phone and monitors in public places - plus their electronic money no good anywhere but buying from home.

The DHS wants this using the same reason now any cash transaction at banks more than $3000 - used to be $8000 - must be reported to the government as an anti-terrorism measure. Certainly the IRS and all taxing authorities want this. No more failing to report income or collecting sales tax for a garage sale or selling your car or anything else. No more waitresses not fully reporting their tips. No more unpaid traffic tickets - just take it out of your electron account electronically. In this, there would be a deadline to convert all cash to electronic funds in your account. That cash would be subject to summary civil forfeiture for which you could - at your expense - try to prove you didn't come into the money illegally having the burden to prove you aren't a criminal.

No more need for tracking illegal migrants or any fugitive. Turn off their electronic funds and starve them out - plus easily detecting the person's chip - and detecting who doesn't have a required chip. No need for police questioning, just wave the police smart phone over your hand. If you don't have the chip, they take you in. If you have the chip, it would tell of you are not legally here and/or a fugitive.

No need to do tax returns. Since the government knows exactly every penny that passed into and out of your hands - and exactly for what - the government will just take your income until the taxes are paid or put whatever refund they figure into your account. Same for property taxes etc. No need for warrants for unpaid tickets. Just take it out of your electronic account. Civil courts could take civil judgments out of your account. There is every reason for every level of government to want cash made illegal.

Part of this will be making having gold, silver and platinum illegal. In 1933, "hoarding gold" was made a federal felony punishable by up to ten years in a federal prison, so don't think that couldn't happen.

All this can be done merely by saying "money carries covid-19." Due to the 24/7 terrorist campaign most people would demand outlawing cash - certainly virtually every Democrat. To most people now so deliberately filled with terror and hate - turning to the government begging, sobbing and ranting "SAVE US FROM THE VIRUS!!!" - the government can do anything it wants to in the name of "The War On Covid-19." It has already proven it can.

I don't think it'll ever REALLY happen.

People always find ways around the idiotic ideas of bureaucrats. Our city has a large population of Russian people. These people do very well with a sort of underground & hidden economy that gets around the strangulating "laws" of communist government. They do quite well actually ! Many still function the old ways right here in America LOL

 

[Artymoon]

I predict what is coming next is outlawing money (cash/coins) - because it can carry covid-19. ALL money transactions will be required to be electronic - and Bill Gates says everyone should be tested for covid-19 and a chip put into people's hand linked to their smart phone with GPS so anyone positive or refusing to be tested can be required to go nowhere - monitored by the chip, their smart phone and monitors in public places - plus their electronic money no good anywhere but buying from home.

The DHS wants this using the same reason now any cash transaction at banks more than $3000 - used to be $8000 - must be reported to the government as an anti-terrorism measure. Certainly the IRS and all taxing authorities want this. No more failing to report income or collecting sales tax for a garage sale or selling your car or anything else. No more waitresses not fully reporting their tips. No more unpaid traffic tickets - just take it out of your electron account electronically. In this, there would be a deadline to convert all cash to electronic funds in your account. That cash would be subject to summary civil forfeiture for which you could - at your expense - try to prove you didn't come into the money illegally having the burden to prove you aren't a criminal.

No more need for tracking illegal migrants or any fugitive. Turn off their electronic funds and starve them out - plus easily detecting the person's chip - and detecting who doesn't have a required chip. No need for police questioning, just wave the police smart phone over your hand. If you don't have the chip, they take you in. If you have the chip, it would tell of you are not legally here and/or a fugitive.

No need to do tax returns. Since the government knows exactly every penny that passed into and out of your hands - and exactly for what - the government will just take your income until the taxes are paid or put whatever refund they figure into your account. Same for property taxes etc. No need for warrants for unpaid tickets. Just take it out of your electronic account. Civil courts could take civil judgments out of your account. There is every reason for every level of government to want cash made illegal.

Part of this will be making having gold, silver and platinum illegal. In 1933, "hoarding gold" was made a federal felony punishable by up to ten years in a federal prison, so don't think that couldn't happen.

All this can be done merely by saying "money carries covid-19." Due to the 24/7 terrorist campaign most people would demand outlawing cash - certainly virtually every Democrat. To most people now so deliberately filled with terror and hate - turning to the government begging, sobbing and ranting "SAVE US FROM THE VIRUS!!!" - the government can do anything it wants to in the name of "The War On Covid-19." It has already proven it can.

This virus won't be the end of paper and coins but it's not hard to see down the road that everything will be digital. Maybe a generation or two.

 

[CaughtInThe]

everybody bookmark this thread and bump it periodically.

 

[Ahlevah]

The DHS wants this using the same reason now any cash transaction at banks more than $3000 - used to be $8000 - must be reported to the government as an anti-terrorism measure.

Hmm. Okay. Where did you come up with the $3,000 figure? This is all governed under Title 31 of the Bank Secrecy Act and regulated by the Financial Crimes Enforcement Network (FinCEN), and as far as I know the magical reporting figure to FinCEN is $10,000.01, not $3,000. Banks can and do log amounts below the $10,000.01 figure, but they're only required to report it if they suspect nefarious activity, such as money laundering or terrorist financing, with amounts aggregating to $5,000 or more in a banking day. They will maintain an internal log for amounts of $2,000, $2,500, $3,000--whatever they're content with for their internal controls, to ensure they're complying with Title 31. For example, if you walk up to a teller and ask her, "How much can I deposit without it being reported to the gubment?", she commits a crime if she tells you $10,000.00. She'll probably plead ignorance. If you then say, "I'm going to deposit $5,000," the bank will log it and be legally required to file a Suspicious Activity Report with FinCEN for suspected structuring. All of this used to be done with paper, but is now done electronically.

 

[Drawdown]

Hmm. Okay. Where did you come up with the $3,000 figure? This is all governed under Title 31 of the Bank Secrecy Act and regulated by the Financial Crimes Enforcement Network (FinCEN), and as far as I know the magical reporting figure to FinCEN is $10,000.01, not $3,000. Banks can and do log amounts below the $10,000.01 figure, but they're only required to report it if they suspect nefarious activity, such as money laundering or terrorist financing, with amounts aggregating to $5,000 or more in a banking day. They will maintain an internal log for amounts of $2,000, $2,500, $3,000--whatever they're content with for their internal controls, to ensure they're complying with Title 31. For example, if you walk up to a teller and ask her, "How much can I deposit without it being reported to the gubment?", she commits a crime if she tells you $10,000.00. She'll probably plead ignorance. If you then say, "I'm going to deposit $5,000," the bank will log it and be legally required to file a Suspicious Activity Report with FinCEN for suspected structuring. All of this used to be done with paper, but is now done electronically.

My banks do it at $3K as well now when they used to do it at $5K. My understanding is that there is a part of the law that relates to $3K as far as cashier checks, money orders and the like so they just do it for anything involving that much cash as a matter of internal policy as if you go to branch A and deposit $4K and then go to branch B and get a $3200 cashier's check the same day they could be in violation even if they didn't have to report your initial $4K deposit.

 

[PirateMk1]

Cash can be outlawed, but it cannot be banned.

As long as cash has value in trade, it will be used for trade.

Plain and simple.

COVID-19 only remains viable for 5 hours or so.

Any cash tainted with COVID-19 becomes inert within 8 hours of handling.

Besides of which you store the stuff in a box with UV light and depending on the spectrum will destroy it practically instantly.

 

[Ahlevah]

My banks do it at $3K as well now when they used to do it at $5K. My understanding is that there is a part of the law that relates to $3K as far as cashier checks, money orders and the like so they just do it for anything involving that much cash as a matter of internal policy as if you go to branch A and deposit $4K and then go to branch B and get a $3200 cashier's check the same day they could be in violation even if they didn't have to report your initial $4K deposit.

Dunno. I can see where negotiable instruments of $3,000 or more would be recorded (logged) to flag potential reporting on a Currency Transaction Report just like you would aggregate cash transactions, but as far as I know the required minimum amount for reporting on a SAR to FinCEN by a national bank would be $5,000, as outlined in Title 12 Section 21.11 of the Code of Federal Regulations. But maybe I'm missing something, or your bank is just being extra-diligent in order to earn a pretzel from FinCEN. :shrug:

12 CFR SS 21.11 - Suspicious Activity Report. | CFR | US Law | LII / Legal Information Institute

 

[Ahlevah]

Besides of which you store the stuff in a box with UV light and depending on the spectrum will destroy it practically instantly.

My mom just ordered one of those weeks ago. I guess she'll get it some time next year, after we have a vaccine. :lol:

 

[Drawdown]

Dunno. I can see where negotiable instruments of $3,000 or more would be recorded (logged) to flag potential reporting on a Currency Transaction Report just like you would aggregate cash transactions, but as far as I know the required minimum amount for reporting on a SAR to FinCEN by a national bank would be $5,000, as outlined in Title 12 Section 21.11 of the Code of Federal Regulations. But maybe I'm missing something, or your bank is just being extra-diligent in order to earn a pretzel from FinCEN. :shrug:

12 CFR SS 21.11 - Suspicious Activity Report. | CFR | US Law | LII / Legal Information Institute

Like I said--they said it related to the cashiers check/money order provisions so I guess they are being extra diligent by having a blanket rule.

 

[Ahlevah]

I predict what is coming next is outlawing money (cash/coins) - because it can carry covid-19. ALL money transactions will be required to be electronic - and Bill Gates says everyone should be tested for covid-19 and a chip put into people's hand linked to their smart phone with GPS so anyone positive or refusing to be tested can be required to go nowhere - monitored by the chip, their smart phone and monitors in public places - plus their electronic money no good anywhere but buying from home.

Yeah, well, good luck with that prediction. Try using a credit card or Apple Pay after a hurricane. After Katrina merchants had cashiers with calculators and cash trays while other employees led patrons around the stores with flashlights. :doh

 

[Tanngrisnir]

I predict what is coming next is outlawing money (cash/coins) - because it can carry covid-19. ALL money transactions will be required to be electronic - and Bill Gates says everyone should be tested for covid-19 and a chip put into people's hand linked to their smart phone with GPS so anyone positive or refusing to be tested can be required to go nowhere - monitored by the chip, their smart phone and monitors in public places - plus their electronic money no good anywhere but buying from home.

The DHS wants this using the same reason now any cash transaction at banks more than $3000 - used to be $8000 - must be reported to the government as an anti-terrorism measure. Certainly the IRS and all taxing authorities want this. No more failing to report income or collecting sales tax for a garage sale or selling your car or anything else. No more waitresses not fully reporting their tips. No more unpaid traffic tickets - just take it out of your electron account electronically. In this, there would be a deadline to convert all cash to electronic funds in your account. That cash would be subject to summary civil forfeiture for which you could - at your expense - try to prove you didn't come into the money illegally having the burden to prove you aren't a criminal.

No more need for tracking illegal migrants or any fugitive. Turn off their electronic funds and starve them out - plus easily detecting the person's chip - and detecting who doesn't have a required chip. No need for police questioning, just wave the police smart phone over your hand. If you don't have the chip, they take you in. If you have the chip, it would tell of you are not legally here and/or a fugitive.

No need to do tax returns. Since the government knows exactly every penny that passed into and out of your hands - and exactly for what - the government will just take your income until the taxes are paid or put whatever refund they figure into your account. Same for property taxes etc. No need for warrants for unpaid tickets. Just take it out of your electronic account. Civil courts could take civil judgments out of your account. There is every reason for every level of government to want cash made illegal.

Part of this will be making having gold, silver and platinum illegal. In 1933, "hoarding gold" was made a federal felony punishable by up to ten years in a federal prison, so don't think that couldn't happen.

All this can be done merely by saying "money carries covid-19." Due to the 24/7 terrorist campaign most people would demand outlawing cash - certainly virtually every Democrat. To most people now so deliberately filled with terror and hate - turning to the government begging, sobbing and ranting "SAVE US FROM THE VIRUS!!!" - the government can do anything it wants to in the name of "The War On Covid-19." It has already proven it can.

You'll understand, of course, if no one rational and/or sober takes your prediction seriously.

 

[Ahlevah]

Like I said--they said it related to the cashiers check/money order provisions so I guess they are being extra diligent by having a blanket rule.

I guess. :shrug:

 

[Individual]

I predict what is coming next is outlawing money (cash/coins) - because it can carry covid-19. ALL money transactions will be required to be electronic - and Bill Gates says everyone should be tested for covid-19 and a chip put into people's hand linked to their smart phone with GPS so anyone positive or refusing to be tested can be required to go nowhere - monitored by the chip, their smart phone and monitors in public places - plus their electronic money no good anywhere but buying from home.

The DHS wants this using the same reason now any cash transaction at banks more than $3000 - used to be $8000 - must be reported to the government as an anti-terrorism measure. Certainly the IRS and all taxing authorities want this. No more failing to report income or collecting sales tax for a garage sale or selling your car or anything else. No more waitresses not fully reporting their tips. No more unpaid traffic tickets - just take it out of your electron account electronically. In this, there would be a deadline to convert all cash to electronic funds in your account. That cash would be subject to summary civil forfeiture for which you could - at your expense - try to prove you didn't come into the money illegally having the burden to prove you aren't a criminal.

No more need for tracking illegal migrants or any fugitive. Turn off their electronic funds and starve them out - plus easily detecting the person's chip - and detecting who doesn't have a required chip. No need for police questioning, just wave the police smart phone over your hand. If you don't have the chip, they take you in. If you have the chip, it would tell of you are not legally here and/or a fugitive.

No need to do tax returns. Since the government knows exactly every penny that passed into and out of your hands - and exactly for what - the government will just take your income until the taxes are paid or put whatever refund they figure into your account. Same for property taxes etc. No need for warrants for unpaid tickets. Just take it out of your electronic account. Civil courts could take civil judgments out of your account. There is every reason for every level of government to want cash made illegal.

Part of this will be making having gold, silver and platinum illegal. In 1933, "hoarding gold" was made a federal felony punishable by up to ten years in a federal prison, so don't think that couldn't happen.

All this can be done merely by saying "money carries covid-19." Due to the 24/7 terrorist campaign most people would demand outlawing cash - certainly virtually every Democrat. To most people now so deliberately filled with terror and hate - turning to the government begging, sobbing and ranting "SAVE US FROM THE VIRUS!!!" - the government can do anything it wants to in the name of "The War On Covid-19." It has already proven it can.

Put it to a test, begin with ALL past, current, and future elected members of government including their immediate family members, making it a felony for them to make use of paper/coin currency. Then add in to the experiment ALL non-elected government, civil service employees and their immediate family members. Same with the chip.
And in the first case make the electronic records available/accessible by the Public.

 

[LosAngelesAngel]

No cash ... That means each and every transaction can be tracked ...
BIG BROTHER IS WATCHING !

 

[Court Jester]

Unless hookers and drugs dealers begin accepting digital credit/debit---- then there will always be a need for cash.

 

[lurchadams]

I predict what is coming next is outlawing money (cash/coins) - because it can carry covid-19. ALL money transactions will be required to be electronic - and Bill Gates says everyone should be tested for covid-19 and a chip put into people's hand linked to their smart phone with GPS so anyone positive or refusing to be tested can be required to go nowhere - monitored by the chip, their smart phone and monitors in public places - plus their electronic money no good anywhere but buying from home.

The DHS wants this using the same reason now any cash transaction at banks more than $3000 - used to be $8000 - must be reported to the government as an anti-terrorism measure. Certainly the IRS and all taxing authorities want this. No more failing to report income or collecting sales tax for a garage sale or selling your car or anything else. No more waitresses not fully reporting their tips. No more unpaid traffic tickets - just take it out of your electron account electronically. In this, there would be a deadline to convert all cash to electronic funds in your account. That cash would be subject to summary civil forfeiture for which you could - at your expense - try to prove you didn't come into the money illegally having the burden to prove you aren't a criminal.

No more need for tracking illegal migrants or any fugitive. Turn off their electronic funds and starve them out - plus easily detecting the person's chip - and detecting who doesn't have a required chip. No need for police questioning, just wave the police smart phone over your hand. If you don't have the chip, they take you in. If you have the chip, it would tell of you are not legally here and/or a fugitive.

No need to do tax returns. Since the government knows exactly every penny that passed into and out of your hands - and exactly for what - the government will just take your income until the taxes are paid or put whatever refund they figure into your account. Same for property taxes etc. No need for warrants for unpaid tickets. Just take it out of your electronic account. Civil courts could take civil judgments out of your account. There is every reason for every level of government to want cash made illegal.

Part of this will be making having gold, silver and platinum illegal. In 1933, "hoarding gold" was made a federal felony punishable by up to ten years in a federal prison, so don't think that couldn't happen.

All this can be done merely by saying "money carries covid-19." Due to the 24/7 terrorist campaign most people would demand outlawing cash - certainly virtually every Democrat. To most people now so deliberately filled with terror and hate - turning to the government begging, sobbing and ranting "SAVE US FROM THE VIRUS!!!" - the government can do anything it wants to in the name of "The War On Covid-19." It has already proven it can.

For your sci-fi plot to work you'd have to outlaw digital currency, such as bitcoin. Not gonna happen.

 

[ClaraD]

Cash can be outlawed, but it cannot be banned.

As long as cash has value in trade, it will be used for trade.

Plain and simple.

COVID-19 only remains viable for 5 hours or so.

Any cash tainted with COVID-19 becomes inert within 8 hours of handling.

that actually isn't so...Covid lives on surfaces for much longer than that....will cash be outlawed, no.

Coronavirus and Surfaces: How Long Does COVID-19 Live on Surfaces?

It lives on metal for 5 days
wood 4 days
plastics 2 to 3 days
stainless steel 2 to 3 days
cardboard 24 hours
copper 4 hours
aluminum 2 to 8 hours
glass 5 days
ceramic 5 days
paper from hours to up to 5 days

 

[SkyChief]

that actually isn't so...Covid lives on surfaces for much longer than that....will cash be outlawed, no.

Coronavirus and Surfaces: How Long Does COVID-19 Live on Surfaces?

It lives on metal for 5 days
wood 4 days
plastics 2 to 3 days
stainless steel 2 to 3 days
cardboard 24 hours
copper 4 hours
aluminum 2 to 8 hours
glass 5 days
ceramic 5 days
paper from hours to up to 5 days

Ok thanks for researching that.

The fact remains that Cash will still be used as an instrument for trade whether it is outlawed or not.

In New Jersey, the state outlawed NOT accepting cash! Cities And States Are Saying No To Cashless Shops : NPR

 

[joko104]

For your sci-fi plot to work you'd have to outlaw digital currency, such as bitcoin. Not gonna happen.

Bicoins should have been outlawed from the very start. The government banned states and other entities issuing currency a long time ago.

 

[OldFatGuy]

Bicoins should have been outlawed from the very start. The government banned states and other entities issuing currency a long time ago.

China tried, and failed. Now Alibaba uses bitcoin for import/export trade of wholesale goods. Bitcoin payments account for more than 30% of China's international trade. Business activity between many third world entities have more faith in bitcoin than local currencies, greater stability and trust for valuation despite the volatility value of bitcoins themselves. Bitcoins are beginning to compete with the US $ as the international currency. Russia outlawed domestic bitcoin use, but uses bitcoin to purchase and import natural resources. Bitcoins in Russia dominate the blackmarkets. The Russian government turns a blind eye.

 

[captaintrips]

China tried, and failed. Now Alibaba uses bitcoin for import/export trade of wholesale goods. Bitcoin payments account for more than 30% of China's international trade. Business activity between many third world entities have more faith in bitcoin than local currencies, greater stability and trust for valuation despite the volatility value of bitcoins themselves. Bitcoins are beginning to compete with the US $ as the international currency. Russia outlawed domestic bitcoin use, but uses bitcoin to purchase and import natural resources. Bitcoins in Russia dominate the blackmarkets. The Russian government turns a blind eye.

They have no choice LOL

Much of how their economy sustains itself is via the "black" market. Their REAL market.

 

[RealityNow]

Banks can do many things..... if that's the only place your money is....

 

[Kushinator]

that actually isn't so...Covid lives on surfaces for much longer than that....will cash be outlawed, no.

Coronavirus and Surfaces: How Long Does COVID-19 Live on Surfaces?

It lives on metal for 5 days
wood 4 days
plastics 2 to 3 days
stainless steel 2 to 3 days
cardboard 24 hours
copper 4 hours
aluminum 2 to 8 hours
glass 5 days
ceramic 5 days
paper from hours to up to 5 days

Those are maximum values. A snot-rag from a person with COVID-19 is going to be contaminated longer than if the same person sneezes in their hand and touches a door handle.