Quote:
Originally Posted by RummyBoy
Not deposits, withdrawals. Sure but the plan seems to be a move towards a complete ban on cash... this isn't something that happens over night, it's something that occurs in a gradual way.
You're completely clueless and have totally misunderstood.
If cash (paper money) is removed altogether from the system, the only payment methods available for the purpose of buying or selling will be electronic. So there will be no cash and the banks WILL turn down ANYONE's physical cash (including Walmart) because there will be no way to transact using physical cash as physical cash won't be a part of the new system.
I suppose none of us need be surprised about this....
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I understand quite well. Again if a bank is turning down cash it's likely from an individual walking in with 5k+ and no source. If a bank receives a 5k+ (use to be 10k+) then they have to do extra paperwork to source the funds for IRS reasons and this is where the fee comes in. And again quite a number of the banks referred to in all of your articles have been fined heavily for knowingly laundering drug money.
I also understand the cashless society dream. I say dream because it will never actually happen the way those who want to control (governments) wish. Sure maybe the paper cash itself goes away but there will always be another way whether that be barter, digital currencies, precious metals, etc, etc.
My guess is the Denmark experiment will end up a disaster. They will chop off a large portion of their economy. But kudos to Denmark for being the guinea pig.
I have people walk into my business and/or call me every single day wanting cash. None of them ask for credit. In fact if you even mention "can I paypal you the money" or something along those lines they think your fucking nuts or trying to pull a scam.