When cash is banned…

Then only criminals will have cash. Apparently in Europe and, if you believe the pundits, even some US states, governments are banning cash transactions above a certain threshold. It’s all for the good of the people, mind you. According to the powers that be, only drug dealers and criminals use large amounts of cash.

Call me old school, but I’ve always liked cash. I never travel out of town without it. Cash is king. It is accepted nearly everywhere. Cash opens doors. Cash bolsters your bargaining position. Whipping out a wad of cash lets people know you’re serious about buying something, much more so than pulling out even the blackest of credit cards. Plus it’s a great deal for the seller, who doesn’t have to worry about getting paid. Credit cards are, after all, simply a promise by a third party (VISA, MC, AMEX, etc.) that you’ll pay. And of course it comes with all sorts of strings attached like charge-backs, 3% or higher fees, not to mention the additional restrictions that the credit card companies impose.

Nothing beats cash (other than maybe gold or silver), and I would encourage people to going back to using it.

Posted in Fall of Western Civilization | Comments RSS | Comment | Trackback

One Comment

  1. tkdkerry
    Posted 02/21/17 at 12:25 pm | Permalink

    Criminals and others will have an underground currency, true. I am much more frightened by the surety ( not possibilty, but surety ) that the .gov will abuse the power to restrict or halt your ability to make monetary transactions.

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