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That's essentially what I just said.
Fair enough.
That's essentially what I just said.
I'm actually curious how the country would even get away from the current system. The system doesn't seem to lend itself all that well to being replaced.
We are being overtaken by our brown southern neighbors.
There is no way back other than to run out of money.
With all the discussion about currency and replacing existing people with new people, let's ask a politically incorrect question...
When will the next new person on a form of currency be a white male?
1) It'll be soon.
2) Never again in my lifetime.
3) Not for 100+ years.
If you had to predict, of course, and United States currency. The buzz-killington-obtuse will say they have no way of knowing, as if they're somehow special in their self-perceived exceptional rationality, but some of us like to amuse ourselves with this sort of thing. Have at it.
As long as a card is such that you can either use elsewhere or get a refund of any unused balance, that's fine... sans excessive fees, too. Locally, a national chain copy place instituted self-service copying, which in and of itself isn't bad, but you had to buy a pre-paid card to use their copy machines. You also had to guess how much you needed, and could not get a refund on any unused balance. That's wholly unacceptable to me, it's a money grab-for nothing. It may be only a few cents to me, but for them it adds up.It isn't hard really, I can't tell you the last time I've had two pennies in my pocket to rub together. I personally, (and I'm only saying this to illustrate a point) have traveled coast to coast and aside from making withdrawals in Vegas for gambling or to keep $20 in singles for the valet have maybe touched cash 3-4 times in the last year.
But to answer your post directly. Cash will go the same way our Privacy has -- We'll gladly give it away.
Various avenues will open up which will entice or encourage the transition. Much like you see two prices at some gas stations, a cash price and a credit price this can easily be inverted so that to pay with cash costs more. This can easily be implemented economy wide. Will it ever be completely gone? Maybe not, but it will be diminished to a point of irrelevancy as more and more physical cash will be pulled out of circulation.
Here in Chicago the CTA (public trans) has given up its pay system to a company called Ventra. You get a MasterCard backed card which you carry a balance on. The onion is that you can also use that same card to make purchases anywhere MasterCard is accepted. This opens up the working class and lower middle class consumer markets who traditionally don't hold checking or savings accounts and thereby lack a debit or credit card. Since they don't have bank accounts the Currency Exchange -- where they cash their checks can offer two separate fees. Allowing them to keep more of their check if they put it on a CE issued debit card.
And speaking of inversion the entire foundation in which inverted interest rates lies (an asinine concept where if you borrow you get paid and if you lend you pay for the privilege) hinges on people not making a mad dash for cash. Right now they got everyone by the short and curlys, as taking that 1-3% ding is more favorable than the possible loss in an extremely volatile market or giving up a nice, healthy chunk to Uncle Sam.
But as for actually taking it out of circulation, they'll look to remove the $100 and the $20 first as those are the most frequently counterfeited denominations. The $50 is damn near obsolete already, so all you'll have is $10s, $5, and $1's... Perfect for the low income types. (Because yes, this will bring about greater disparity and it will be easily recognizable as the only ones in mid transition to deal in cash will be the poor).
But, I could be wrong.
:shrug:
With all the discussion about currency and replacing existing people with new people, let's ask a politically incorrect question...
When will the next new person on a form of currency be a white male?
1) It'll be soon.
2) Never again in my lifetime.
3) Not for 100+ years.
If you had to predict, of course, and United States currency. The buzz-killington-obtuse will say they have no way of knowing, as if they're somehow special in their self-perceived exceptional rationality, but some of us like to amuse ourselves with this sort of thing. Have at it.
With all the discussion about currency and replacing existing people with new people, let's ask a politically incorrect question...
When will the next new person on a form of currency be a white male?
1) It'll be soon.
2) Never again in my lifetime.
3) Not for 100+ years.
If you had to predict, of course, and United States currency. The buzz-killington-obtuse will say they have no way of knowing, as if they're somehow special in their self-perceived exceptional rationality, but some of us like to amuse ourselves with this sort of thing. Have at it.
I think Washington and Lincoln should be sacrosanct, but anyone else I'm open to replacing.I said not for 100+ years because I think this was an extraordinary event that wont be repeated for a very long time. I don't think Lincoln, Hamilton, Washington, Franklin, etc are in danger of being displaced.
I think Washington and Lincoln should be sacrosanct, but anyone else I'm open to replacing.
As long as a card is such that you can either use elsewhere or get a refund of any unused balance, that's fine... sans excessive fees, too. Locally, a national chain copy place instituted self-service copying, which in and of itself isn't bad, but you had to buy a pre-paid card to use their copy machines. You also had to guess how much you needed, and could not get a refund on any unused balance. That's wholly unacceptable to me, it's a money grab-for nothing. It may be only a few cents to me, but for them it adds up.
I did that once, because I was already there and it was late. I never went back. I switched to a local chain that lets you pay for only what you want.
Why are we even worried about this, when only one single white man is being removed from the currency and every other face gracing the front of every other piece of currency in this country is still a white man?
Does the fact that Andrew Jackson is getting replaced with Harriet Tubman really make you that ****ing insecure about your place in society as a white man?
With all the discussion about currency and replacing existing people with new people, let's ask a politically incorrect question...
When will the next new person on a form of currency be a white male?
You do realize there is no established criteria for who gets on money, right?
I think Obama might have his face on US currency within the next hundred years.
1. The United States is changing its demographics at a dizzying pace.
2. The emerging new majority ethnicity will feel that it is only fair that our currency feature their prominent people.
3. As the current majority ethnicity continues to shrink, it is understandable that the government will change the faces on our currency.
4. I have read that Ms. Harriet Tubman will soon be on our currency, even if President Trump is reelected (for some reason, it was decided that it could not be accomplished during his first term). Since Ms. Tubman's ethnicity is projected to be the second most numerous ethnicity in future years, it is understandable that many people are delighted by this decision.
With all the discussion about currency and replacing existing people with new people, let's ask a politically incorrect question...
When will the next new person on a form of currency be a white male?
1) It'll be soon.
2) Never again in my lifetime.
3) Not for 100+ years.
If you had to predict, of course, and United States currency. The buzz-killington-obtuse will say they have no way of knowing, as if they're somehow special in their self-perceived exceptional rationality, but some of us like to amuse ourselves with this sort of thing. Have at it.
#4 needs a correction, HTubman was scheduled to be finalized in 2020. It now looks like 2026 will be the rollout. Underground railroad-yes, Trail of Tears-no