I’ve seen signs in stores here to either have exact change or use a credit card.
On one hand the system wants you to cash your change in. This is not a real crises it’s the plan. Because real coin, even clad is a liability for the bankers/government etc.
For when we do go cashless, clad coins will hold value better than whatever digit system they currently have or will have.
I don’t understand, if there is a coin shortage due to less circulation and production, why aren’t Federal Reserve Notes also affected?
This causes people to think about the money hidden in their penny jars, piggy banks and safes. If the country goes cashless what will become of the stowed away cash? Is it now valueless?
No one seem to know where the coins went. So how come no one knows? Banks aren’t giving them out.
As usuall it seems like a plot, a conspiracy or a trick the government is playing on the people.
My bank now has locked doors. You can get in with an appointment only.
It seems like a plot, a conspiracy or a trick the government is playing on the people.
I looked it up. There is $3,818,300,000 in coin out there. There are 320,000,000 people in the US including children.That means there is about $12 in change for every person in the country.
The average family of 3.5 – $42 in change
And people still believe they are having trouble distributing coins?
The best methodology for manipulating a situation is to take a real event and mold it to suit your desired effect. Is there some shortage of coins? Probably. Who knows how bad it really is?
I think those in control are wanting to go to a cashless society so they can track all purchases and tax,tax,tax.
It would not surprise me at some point that the government makes coins and later all bills illegal due to possible spread of Covid 19 and wants them all turned in. If you had any 90% silver coins, they would expect those to be turned in also at face value and not the “silver” value.
If this scenario holds true,paper money is the next to go. With no coin, there is no need for a mint with no paper money, there is no need for a treasury.
I think this coin shortage is a con, they don’t magically disappear,the mint is not releasing
coins, Some entities are hoarding them for their own reasons. Maybe to push cashless on us as suggested, that seems logical. Maybe hoarding because paper is about to be greatly devalued and coins historically keep their face value.
Say you’ve got a $10 bill and $10 in coins, the bill can be devalued to $1 but the coins are still $10 face value. This has happened several times with other nations. It’s kind of silly to think it can never happen here.
It seems to me if coins are disappearing, being purposely removed from circulation – SOMEONE is wanting them and wanting US to Not have them so maybe I’ll just keep mine and see what happens. who knows how they may come in handy some day.
Start to look at the big picture:
Elimination of cash transactions provides the alphabet agencies to review your history of transactions, payments, purchases and other incidentals.
Taxing authorities will now get more money. You capitalists are finally paying your “fair share”.
Government payments can and will be monitored.
Consider the number of people who have multiple social security numbers due to the mothers passing their kids to other mothers to file for more money.
Consider the fraud with welfare money.
Consider the money (in emergency cash payments currently), that low income people can get to go to the market. This can be validated.
This gives the ability to monitor spending habits (think suspected hoarders, or, if you prefer, preppers).
Child support payments.
All transactions outside government control.
Cash tips and gratuities.
Any and all under the table work for cash.
It’s all about control.