Coin Shortage

[Bear Paw Jack]

Various people have been talking about taking cash out of the system, for some time. Seems typical of the old, the government is doing that to control us. Now I'm hearing more stores are running short on coins, and either want exact change or a credit card. I don't like to use a credit card. I use cash. If they don't want cash I'll go somewhere else. Who knows that may not be an option for much longer. I read Sweden has gone off the cash system, and you HAVE to use a credit card. Then every few months the government sends out a survey and if you don't answer the questions you can't even use your credit card.

Early on, I heard rumors that you had to be careful because cash may have covid. I won't say I didn't have my doubts. Now, they say they have cut down producing coins because of covid. Apparently they actually did shut down one of the mints because of covid.

As I was reading on one of the guys that is quite a prolific poster put this up.

https://www.youtube.com/watch?time_continue=147&v=6LiYhtTwvic&feature=emb_logo

I don't know him, never heard of him. But what he's saying (at the very least) is very interesting. Listen to it and see what you think.

 

[Bull Barrel]

Read the statement on all bills. Its legal tender for all debts, public and private.

 

[Jeepnik]

Read the statement on all bills. Its legal tender for all debts, public and private.

Ahh, but is it? The Federal Reserve Bank is just that a bank. It is a private corporation not an arm of the US government. True the President appoints the members of he Federal Reserve Bank Board.

Oh by the way, I believe this is the third "Federal Bank" to issue money. The other two. Well, they went bankrupt.

 

[Ale-8(1)]

Coin shortage . . .

https://www.nytimes.com/2020/06/25/business/economy/coin-shortage-coronavirus.html

 

[Ale-8(1)]

Read the statement on all bills. Its legal tender for all debts, public and private.

Ahh, but is it? The Federal Reserve Bank is just that a bank. It is a private corporation not an arm of the US government. True the President appoints the members of he Federal Reserve Bank Board.

Oh by the way, I believe this is the third "Federal Bank" to issue money. The other two. Well, they went bankrupt.

Once again . . . everyone needs to read this book . . .

The Creature from Jekyll Island: A Second Look at the Federal Reserve by G. Edward Griffin

Tells you everything you ever wanted to know about what "money" is, who controls it, and where it really comes from. It is not reassuring. :?

 

[Bear Paw Jack]

Also please view the video. I'm very interested in your take on it

 

[gramps]

I heard on NPR some years ago that India was doing away with large denominations of paper money because it was frequently used in illegal transactions. It was also commented that America was considering doing the same. So far I see no difference in the amount of cash tendered to me by banks, retail stores etc. I am conflicted about this pastors “dreams”. I guess we will hide and watch.
gramps

 

[eveled]

The US has already gotten rid of large denominations. There used to be $500, $1000, $5,000, $10,000 and even $100,000 bills.

The largest now is $100. $100 is equal to what a $20 bill used to be.

I try to use as little cash as possible it’s filthy, and coins are a joke. We still have pennies and it’s getting close to a time we should be getting rid of nickels and dimes.

 

[blackhawknj]

There is a coin shortage. All the banks are closed, I have to dip into my stash of quarters to do laundry.

 

[Bull Barrel]

Its no longer backed by anything of value, its fiat (not FIAT) currency. But, no matter who backs it the stuff is good for all debts.
Until ya try to get that promise fulfilled.

 

[Ale-8(1)]

Also please view the video. I'm very interested in your take on it

PM sent.

 

[Xsales]

Cash won't be removed anytime soon

1) Black market - won't allow
2) Mafia - won't allow
3) Drug Cartels - won't allow

Corrupt politicians (most all in office now) are bought and sold by these entities
They will not push forward in a serious matter unless they want to lose their and families lives


Imagine the scene:
Hey man I got your 1,000 ponds of heroine
Ok will that be a debit card, credit card, Zelle or Venmo?

 

[WAYNO]

Change. Previously, I almost never paid using coins for any part of the final price. I pay with paper money, receive coins as part of the change, and put the coins in a jar when I get home. When the jar is full, I take it to the bank, where it's counted by them. The jar fills up rather quickly, and it averages 200-bucks each time it's full.

Now, a changeup to the above, with the Covid fiasco. I leave my coins in a little cup in the glove box, with an envelope full of paper money. I pay for my drive-in restaurant order with exact change.

I used to use a coin counter at home, and it placed the coins in a paper tube. I still have many tubes of coins in the bottom of some dresser drawers. I guess I'm part of the problem. :?

 

[Pat-inCO]

Nothing but the latest "PANIC" being generated by the media.

When they run out of something to wail about, they create another one. :roll:

 

[powder smoke]

Also please view the video. I'm very interested in your take on it

My Take the guy is MAKING IT ALL UP. Vulchers circling the city is where he lost me! ps

 

[sncup]

A local store is requesting paying with exact change because of the coin shortage. I decided to take the jars of coins on my dresser in to our bank to help things out. I was surprised to be told the coins totaled $180!!

likely if more folks just turned in their coins laying around there be no shortage.

 

[reuben_j_cogburn]

paper money is no more dirty than anything else any other person touches.... Now go fondle that used gun at the pawn shop!!....
:shock:

I read this really old book once that talked a little about not being able to buy or sell without a special something or other... If I can remember its title I'll post it here...... :wink:

 

[GLASSMAN]

I don't use change in purchases. I'll always bust a buck and throw all the coins into a coffee can .
By the end of the year to a year and a half I buy a new gun.
Been a good program for several years now.

 

[Skoopski]

He lost me as soon as he started talking about prophetic dreams...