Author Topic: The Dollar Completely going digital  (Read 6042 times)

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Re: The Dollar Completely going digital
« Reply #25 on: August 15, 2020, 08:49:51 PM »
thats one hell of a list

i dont even want to read it its so bad

fuck!

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Re: The Dollar Completely going digital
« Reply #26 on: August 15, 2020, 10:11:34 PM »
HERE'S WHAT NO CASH ACTUALLY MEANS:

A cashless society means no cash. Zero. It doesn’t mean mostly cashless and you can still use a ‘wee bit of cash here & there’. Cashless means fully digital, fully traceable, fully controlled. I think those who support a cashless society aren’t fully aware of what they are asking for.

A cashless society means:
* If you are struggling with your mortgage on a particular month, you can’t do an odd job to get you through.
* Your child can’t go & help the local farmer to earn a bit of summer cash.
* No more cash slipped into the hands of a child as a good luck charm or from their grandparent when going on holidays.
* No more money in birthday cards.
* No more piggy banks for your child to collect pocket money & to learn about the value of earning.
* No more cash for a rainy day fund or for that something special you have been putting $20 a week away for.
* No more little jobs on the side because your wages barely cover the bills or put food on the table.
* No more charity collections.
* No more selling bits & pieces from your home that you no longer want/need for a bit of cash in return.
* No more cash gifts from relatives or loved ones.

What a cashless society does guarantee:
* Banks have full control of every single penny you own.
* Every transaction you make is recorded.
* All your movements & actions are traceable.
* Access to your money can be blocked at the click of a button when/if banks need ‘clarification’ from you which will take about 3 weeks, a thousand questions answered & five thousand passwords.
* You will have no choice but to declare & be taxed on every dollar in your possession.
* The government WILL decide what you can & cannot purchase.
* If your transactions are deemed in any way questionable, by those who create the questions, your money will be frozen, ‘for your own good’.

Forget about cash being dirty. Stop being so easily led. Cash has been around for a very, very, very long time & it gives you control over how you trade with the world. It gives you independence.

I heard a story where a man supposedly contracted Covid because of a $20 bill he had handled. There is the same chance of Covid being on a card as being on cash. If you cannot see how utterly ridiculous this assumption is then there is little hope.

If you are a customer, pay with cash. If you are a shop owner, remove those ridiculous signs that ask people to pay by card. Cash is a legal tender, it is our right to pay with cash. Banks are making it increasingly difficult to lodge cash & that has nothing to do with a virus, nor has this ‘dirty money’ trend.

Please open your eyes. Please stop believing everything you are being told. Almost every single topic in today’s world is tainted with corruption & hidden agendas.

Please stop telling me & others like me that we are what’s wrong with the world when you hail the most corrupt members of society as your heroes. Politics & greed is what is wrong with the world; not those who are trying to alert you to the reality in which you are blindly floating along whilst being immobilised by irrational fear. Fear created to keep you doing & believing in exactly what you are complacently doing.

Your financials are plenty trackable already. You can't pay your mortgage or bills with undeclared income. It would be immediately obvious.

If cash went away people would just do side jobs for whatever they were going to buy with the undeclared cash which, I would assume, would be consumable luxuries of some sort since you couldn't spend it any other way without it being visible.

Ime being asked to work for cash is a waste of time anyway. Truly. They expect such a discount that I'd have more in my pocket if I just work on my standard rate and pay the tax, so why bother?  And if the only way for me to win the work is to engage in a criminal conspiracy with this person who I don't even know, then maybe I'll just take the weekend off and good luck with your cousin who you claim will do $1000 worth of work for 2 cases of beer. ::)  Bet he'll be a real pro.

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Re: The Dollar Completely going digital
« Reply #27 on: August 15, 2020, 10:15:28 PM »
Very good.

Overnight repo market was the beginning.  100's of billions poured in starting in Sept 2019.  Courtesy of the Fed's funny money machine.

It's all so fucking fake.  The final crash will be stupendous.

Got gold and silver?... you better.


Do you think it’s too late for gold, or would it be better to go with silver instead?

Would like to buy some PM’s, specifically gold..wondering if I should jump in before price goes up, or wait for a pull back if I do buy some.

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Re: The Dollar Completely going digital
« Reply #28 on: August 15, 2020, 10:53:18 PM »
Your financials are plenty trackable already. You can't pay your mortgage or bills with undeclared income. It would be immediately obvious.

If cash went away people would just do side jobs for whatever they were going to buy with the undeclared cash which, I would assume, would be consumable luxuries of some sort since you couldn't spend it any other way without it being visible.

Ime being asked to work for cash is a waste of time anyway. Truly. They expect such a discount that I'd have more in my pocket if I just work on my standard rate and pay the tax, so why bother?  And if the only way for me to win the work is to engage in a criminal conspiracy with this person who I don't even know, then maybe I'll just take the weekend off and good luck with your cousin who you claim will do $1000 worth of work for 2 cases of beer. ::)  Bet he'll be a real pro.

you come into contact with these types?

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Re: The Dollar Completely going digital
« Reply #29 on: August 15, 2020, 10:54:58 PM »

Do you think it’s too late for gold, or would it be better to go with silver instead?

Would like to buy some PM’s, specifically gold..wondering if I should jump in before price goes up, or wait for a pull back if I do buy some.

can your gold or silver travel 2600feet per second?

wake up. thats a waste

can you keep warm wearing that silver?

can you eat it?

us the paper now to get real tangible things

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Re: The Dollar Completely going digital
« Reply #30 on: August 16, 2020, 12:23:33 AM »
you come into contact with these types?

Oh ya. I do drywall, paint, and plaster but don't do much work in the country town I live in. The onion skin layers of botchery I see locally are the result of Cousin Billy and his work for beer policy.

I just tell people I'm a real tradesman who delivers real work for real money. Got a string of builders lining up jobs for me for the next 4 months so I don't find homeowners who want a cash discount worthwhile.

It's nothing but a red flag. They're going to direct you to do the schlockiest pennypinching version of things. Its bizarro world. I'm making the case for doing it properly, and the owner wants it shitty. Why hire someone experienced if you're going to ignore his advice? One local painting job, the guy told me to skip the primer on outdoor, in the rain millwork. No. Another one told me to leave the insulation out of the quote because it doesn't do anything. Bye. Best one I ever saw tho was years ago. A guy wanted me to tape and finish a wall which he had hung. When I got there I find he had used scraps of drywall, no shit some were 6", sticking out at all angles and flapping in the breeze, gaps all over the place, great globs of liquid nails everywhere and screws that go into nothing. He must have spent days putting this Satans Jigsaw Puzzle together when new sheets would have cost like $40. I told him I can't do anything with this and he gets offended and says "I thought you were a good tradesman." 

Ya, I've seen some shit. Loonies. Hoarders. Drunks and drug abusers. Drug dealers who couldn't believe I didn't want meth as payment. Dog shit in the house. Cat shit in the house. Vicious dogs. Neglected dogs.  :-\ The daughter subathing buck naked outside the glass door of the room I'm clearly working in. Can I loan him money so he could pay the builder so that the builder could pay me. The Chinese fat man who really, really wanted me to accept use of his whores in between the partitions I constructed instead of actual payment. Wives whose husbands are "useless." Husbands who could do it but don't have the time and is that enough screws and is it too late for an electrician to put another light in? "We're selling the place anyway so we don't want to spend anything on it." The intellectually dispossessed. The socially inept. The hygenically challenged.

The most beautiful thing about a building site is that no one lives there.

I'm only 47. Think it's too late to study hard?

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Re: The Dollar Completely going digital
« Reply #31 on: August 16, 2020, 12:46:51 AM »
why put yourself in the posostion of being hired if you dont like those who hire


the jokes on you brah

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Re: The Dollar Completely going digital
« Reply #32 on: August 16, 2020, 01:07:23 AM »
I would say so.

I'm cherry picking the freaks. Most people are fine. Most builders are fine. But when someone says they want to pay cash I lose interest. I already know they mean they want to pay jack shit and it's not like I need the extra work.

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Re: The Dollar Completely going digital
« Reply #33 on: August 16, 2020, 01:25:29 AM »
What kind of work do you do? Your posts on various threads regarding this subject has caught my eye. You seem to have a very deep and thorough insight on the very complex subject of monetary policy.

Generally speaking, what do you see in the future. Is all this doom and gloom and inevitable collapse valid?

Business intelligence, strategy and operations. Senior level.

In regards to the financial outlook, painful? Yes. Collapse? No.

This is global, not geographically contained. Everybody is invited to the party. That is what makes it different.

People whinge about bailouts to the banks. They are bailing out average Joe and they still whinge.  For some it seems they only want collapse, destruction and death. Quite odd to lust for your own demise.

I see this digital creation as solving a velocity of money issue. Ie getting it approved in the senate and then next day payments can get to people. That makes sense to me as we are talking about keeping families in homes, fed, clothed.

Meanwhile others are freaking out about not having coins in a piggy bank or that they will have to pay tax instead of evading tax.

It's a matter of perspective......Yes, they are correct their kid will get paid via Paypal. Yes, they are correct in that incoming payments are trackable therefore making tax evasion harder.  And yes, this is about velocity of money to the people as a bailout.   That's also why they pay me the big bucks as i don't walk into a room and talk about mowing lawns and piggybanks.

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Re: The Dollar Completely going digital
« Reply #34 on: August 16, 2020, 01:43:27 AM »
I'll mow yer lawn for 3 bottles of Lagavulin and a box of Allones.

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Re: The Dollar Completely going digital
« Reply #35 on: August 16, 2020, 03:07:09 AM »
HERE'S WHAT NO CASH ACTUALLY MEANS:

A cashless society means no cash. Zero. It doesn’t mean mostly cashless and you can still use a ‘wee bit of cash here & there’. Cashless means fully digital, fully traceable, fully controlled. I think those who support a cashless society aren’t fully aware of what they are asking for.

A cashless society means:
* If you are struggling with your mortgage on a particular month, you can’t do an odd job to get you through.
* Your child can’t go & help the local farmer to earn a bit of summer cash.
* No more cash slipped into the hands of a child as a good luck charm or from their grandparent when going on holidays.
* No more money in birthday cards.
* No more piggy banks for your child to collect pocket money & to learn about the value of earning.
* No more cash for a rainy day fund or for that something special you have been putting $20 a week away for.
* No more little jobs on the side because your wages barely cover the bills or put food on the table.
* No more charity collections.
* No more selling bits & pieces from your home that you no longer want/need for a bit of cash in return.
* No more cash gifts from relatives or loved ones.

What a cashless society does guarantee:
* Banks have full control of every single penny you own.
* Every transaction you make is recorded.
* All your movements & actions are traceable.
* Access to your money can be blocked at the click of a button when/if banks need ‘clarification’ from you which will take about 3 weeks, a thousand questions answered & five thousand passwords.
* You will have no choice but to declare & be taxed on every dollar in your possession.
* The government WILL decide what you can & cannot purchase.
* If your transactions are deemed in any way questionable, by those who create the questions, your money will be frozen, ‘for your own good’.

Forget about cash being dirty. Stop being so easily led. Cash has been around for a very, very, very long time & it gives you control over how you trade with the world. It gives you independence.

I heard a story where a man supposedly contracted Covid because of a $20 bill he had handled. There is the same chance of Covid being on a card as being on cash. If you cannot see how utterly ridiculous this assumption is then there is little hope.

If you are a customer, pay with cash. If you are a shop owner, remove those ridiculous signs that ask people to pay by card. Cash is a legal tender, it is our right to pay with cash. Banks are making it increasingly difficult to lodge cash & that has nothing to do with a virus, nor has this ‘dirty money’ trend.

Please open your eyes. Please stop believing everything you are being told. Almost every single topic in today’s world is tainted with corruption & hidden agendas.

Please stop telling me & others like me that we are what’s wrong with the world when you hail the most corrupt members of society as your heroes. Politics & greed is what is wrong with the world; not those who are trying to alert you to the reality in which you are blindly floating along whilst being immobilised by irrational fear. Fear created to keep you doing & believing in exactly what you are complacently doing.

Agreed.

I've had my bank account frozen for several days, without any notice, no phone call, no email because they needed new FICA documents. I found out when shopping for groceries and my credit card did not work for some reason. Thankfully, I do always carry some cash.

This happened even though none of my information had changed, everything was the same, nothing had changed in my income too so no irregularities. It was just a bureaucratic issue.

Also, when travelling, good luck to those who only rely on a credit card and don't take any cash with them. If your card gets stuck in a machine or gets damaged or stolen, you are completely screwed. Of course cash can also be stolen or lost, but at least you have a back up if your card fails or is stuck/stolen/lost.

The issue with the credit card when travelling has happened to me, even though I had approved it in the bank for overseas use and specified I was travelling, it was still blocked by the bank when I tried using it in the airport.

A completely cashless society would not be a good thing, the government and governments will only have more control over you and everything you do. Your freedom will be less.

Look at China with their 'Social Credit' points system, think it will never happen in your own country.....?

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Re: The Dollar Completely going digital
« Reply #36 on: August 16, 2020, 03:09:13 AM »
Agreed.

I've had my bank account frozen for several days, without any notice, no phone call, no email because they needed new FICA documents. I found out when shopping for groceries and my credit card did not work for some reason. Thankfully, I do always carry some cash.

This happened even though none of my information had changed, everything was the same, nothing had changed in my income too so no irregularities. It was just a bureaucratic issue.

Also, when travelling, good luck to those who only rely on a credit card and don't take any cash with them. If your card gets stuck in a machine or gets damaged or stolen, you are completely screwed. Of course cash can also be stolen or lost, but at least you have a back up if your card fails or is stuck/stolen/lost.

The issue with the credit card when travelling has happened to me, even though I had approved it in the bank for overseas use and specified I was travelling, it was still blocked by the bank when I tried using it in the airport.

A completely cashless society would not be a good thing, the government and governments will only have more control over you and everything you do. Your freedom will be less.

Look at China with their 'Social Credit' points system, think it will never happen in your own country.....?

https://en.wikipedia.org/wiki/Social_Credit_System

IroNat

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Re: The Dollar Completely going digital
« Reply #37 on: August 16, 2020, 03:26:37 AM »

Do you think it’s too late for gold, or would it be better to go with silver instead?

Would like to buy some PM’s, specifically gold..wondering if I should jump in before price goes up, or wait for a pull back if I do buy some.

Only suckers and speculators are buying gold and silver now and the speculator hopes to sell it to the sucker.


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Re: The Dollar Completely going digital
« Reply #38 on: August 16, 2020, 04:22:26 AM »
Only suckers and speculators are buying gold and silver now and the speculator hopes to sell it to the sucker.

lol

Gold and silver ARE wealth, a store of value and insurance against a failing currency (the USD) and/or financial system collapse. 

You guys have to learn about this stuff.  Stop being so willfully ignorant.

Silver will easily go over $100 and beyond. Gold to $5000 and beyond.

Don't forget the ammo.

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Re: The Dollar Completely going digital
« Reply #39 on: August 16, 2020, 04:27:24 AM »
Silver will easily go over $100 and beyond. Gold to $5000 and beyond.

Don't forget the ammo.

What's your timeline for that?  The last one you used to make your point you had to work from 120 years ago.....

The current ramping is due to them being used as a temporary safe haven.

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Re: The Dollar Completely going digital
« Reply #40 on: August 16, 2020, 04:34:46 AM »
What's your timeline for that?  The last one you used to make your point you had to work from 120 years ago.....

The current ramping is due to them being used as a temporary safe haven.

"Temporary safe haven"  lol  - sorry, but PMs are the ONLY safe haven.

I told before... gold beats the market when adjusted for inflation... and YES there is inflation.

Ouch!  https://usdebtclock.org/

I know you Keynesian ivory tower types HATE real money... that's too bad.  You're going to be left with nothing with USD becomes completely worthless.  At least get a couple cases of ammo... if you can find any.

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Re: The Dollar Completely going digital
« Reply #41 on: August 16, 2020, 06:17:47 AM »
Where do you keep your gold?

In a safe deposit box?  Under your bed?  Buried in your backyard?  In your sock drawer?

In a secure gold storage facility?

"Gold is a "Crisis Hedge" not an  Inflation hedge"

https://inflationdata.com/Inflation/Inflation_Rate/Gold_Inflation.asp

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Re: The Dollar Completely going digital
« Reply #42 on: August 16, 2020, 06:25:43 AM »
Where do you keep your gold?

In a safe deposit box?  Under your bed?  Buried in your backyard?  In your sock drawer?

In a secure gold storage facility?

What do you care.  I have it and you don't.  That's all that will matter when the USD becomes worthless.  All you'll have is your ignorant pride.

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Re: The Dollar Completely going digital
« Reply #43 on: August 16, 2020, 06:29:05 AM »
5 Reasons Not to Invest in Gold

https://money.usnews.com/investing/articles/2018-07-10/5-reasons-not-to-invest-in-gold

"Many goldbugs cite the troubling depreciative nature of fiat paper currencies that aren't backed up by anything real. How valuable can a currency be, they say, if you can print it in unlimited supply?

Warren Buffett, the CEO of Berkshire Hathaway (tickere: BRK.A, BRK.B) and perhaps the greatest investor of all time, understands that fear. Gold investors, he says, are "right to be afraid of paper money. Their basic premise that paper money around the world is going to be worth less and less over time is absolutely correct. They have the correct basic premise. They should run from paper money."

"But where they run to is the mistake," Buffett adds.

Taking a closer look at gold's qualities as an investment, it's easy to see why the Oracle of Omaha has stuck to stocks."

IroNat

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Re: The Dollar Completely going digital
« Reply #44 on: August 16, 2020, 06:31:39 AM »
What do you care.  I have it and you don't.  That's all that will matter when the USD becomes worthless.  All you'll have is your ignorant pride.

I have zero interest in owning physical gold (other than jewelry bought for decorative purposes not as an investment).

I'm curious as to where you safely store your hoard of gold bricks, coins, or bars?  Safely storing large quantities of gold is not simple.

Do you own actual physical gold or do you own stock in gold mining companies?

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Re: The Dollar Completely going digital
« Reply #45 on: August 16, 2020, 06:36:23 AM »
If it's that level of Mad Max World, your ability to harvest human flesh and maintain your warlord status despite ambitious lieutenants will be paramount.

I recommend neck training and an outfit which highlights your standout bodyparts, to project strength and authority. Sadly, I've been concentrating on glutes so I'm not going to fare too well.

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Re: The Dollar Completely going digital
« Reply #46 on: August 16, 2020, 06:37:40 AM »
5 Reasons Not to Invest in Gold

https://money.usnews.com/investing/articles/2018-07-10/5-reasons-not-to-invest-in-gold

"Many goldbugs cite the troubling depreciative nature of fiat paper currencies that aren't backed up by anything real. How valuable can a currency be, they say, if you can print it in unlimited supply?

Warren Buffett, the CEO of Berkshire Hathaway (tickere: BRK.A, BRK.B) and perhaps the greatest investor of all time, understands that fear. Gold investors, he says, are "right to be afraid of paper money. Their basic premise that paper money around the world is going to be worth less and less over time is absolutely correct. They have the correct basic premise. They should run from paper money."

"But where they run to is the mistake," Buffett adds.

Taking a closer look at gold's qualities as an investment, it's easy to see why the Oracle of Omaha has stuck to stocks."


Yes, a big mistake... HUGE mistake!    ::)

If Buffet thinks gold is so bad why did he just buy $20 million in Barrick stock?... for the dividend? - lol   Buffet was suffering some serious FOMO... that's why.  He knows where gold is going... to the moon. 

Funny thing is that Warren's daddy (Howard Buffet) was a huge devotee of gold. 

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Re: The Dollar Completely going digital
« Reply #47 on: August 16, 2020, 06:40:22 AM »
If it's that level of Mad Max World, your ability to harvest human flesh and maintain your warlord status despite ambitious lieutenants will be paramount.

I've said here many times, if a Max Max scenario happens, gold won't be worth anything.  Ammo will be worth everything.  I have about 60K rounds now.  Diversification is a good thing. 

IroNat

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Re: The Dollar Completely going digital
« Reply #48 on: August 16, 2020, 06:44:17 AM »
Yes, a big mistake... HUGE mistake!    ::)

If Buffet thinks gold is so bad why did he just buy $20 million in Barrick stock?... for the dividend? - lol   Buffet was suffering some serious FOMO... that's why.  He knows where gold is going... to the moon. 



$20 million?  Did you check that?

Do you know the total assets of Berkshire Hathaway?

"Berkshire Hathaway total assets for the quarter ending June 30, 2020 were $788.133B"  (That's Billion.)

https://www.macrotrends.net/stocks/charts/BRK.A/berkshire-hathaway/total-assets

You know what % of Berkshire Hathaway investments $20 million is?  .0025%

Having a few gold coins in your sock drawer in case of a financial crisis is ok but as serious investment plan for your future it will fail.

You could also buy a gold chain and wear it around your neck and if the sh*t hits the fan sell off a few links.  At least then you'd get some use out of the gold.

The folks that sell gold spread panic in order to sell gold.  Gold Bugs.  Their advertisements are common, especially in times of turbulence like now.

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Re: The Dollar Completely going digital
« Reply #49 on: August 16, 2020, 06:51:33 AM »
$20 million?  Do you know the total assets of Berkshire Hathaway?

"Berkshire Hathaway total assets for the quarter ending June 30, 2020 were $788.133B"  (That's Billion.)

https://www.macrotrends.net/stocks/charts/BRK.A/berkshire-hathaway/total-assets

You know what % of Berkshire Hathaway investments $20 million is?  .0025%

I made a typo... it was 20 million SHARES.... about $560 million dollars total in Barrick  shares.

You think Buffet and Munger don't own physical gold?   ::) ;D

I will be fun re-visiting these threads when gold is $5000 and beyond.  You like your liver with onions?