US Launching Five Digital Dollar Pilot Programs | |
Anonymous Coward User ID: 72411668 United States 05/04/2021 11:08 AM Report Abusive Post Report Copyright Violation | I pay cash for everything (except houses Quoting: Anonymous Coward 80312889 and cars - checks) I RARELY get in line ANYWHERE and see people doing likewise. They either pay with plastic, or wait until they are rung up, and then their feeble, shaky hands reach inside their pocketbooks, pull out a checkbook and proceed to write a check in SLOW-MOTION. I have asked cashiers how many people pay with cash, and the answer's always the same: "NOT MANY". While I am still a strong advocate for coin or printed money, it is far from practical for most everyday uses. I might uses cash for tobacco or ice cream, but that is about it. Who wants to walk inside to pay cash every time you fuel up? How many times per month do you have to drive to the bank to take out hundreds of dollars for weekly food/fuel expenses? Charge cards is the way to go--easier to keep track of your budget and can actually profit a bit from those. The big trick is not to overspend. I have not paid a dime in interest (other than mortgage) for years. Nope, I actually collect money from the banks--can't do that with cash. Some people are not fit to have a credit account of any sort--they should stick with cash but are likely the biggest beggars for ever more credit. There is something wrong with people that still write checks at the grocery store. |
BullionDude
(OP) User ID: 80028000 United States 05/04/2021 11:08 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 73703147 United States 05/04/2021 11:25 AM Report Abusive Post Report Copyright Violation | |
Dukembg
User ID: 65443660 United States 05/04/2021 11:42 AM Report Abusive Post Report Copyright Violation | Just in time for the great reset expected by the end of the year. We already know they just copied China’s code so we’re just testing infrastructure now. Prepare yourself for the coming power outage!! Thread: Cyber Attack = American Blackout!!! Power Grid Vulnerable! |
Anonymous Coward User ID: 13272055 Denmark 05/04/2021 11:44 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 13272055 Denmark 05/04/2021 11:47 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 80310592 United Kingdom 05/04/2021 11:50 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 80311678 05/04/2021 11:51 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 13272055 Denmark 05/04/2021 11:57 AM Report Abusive Post Report Copyright Violation | |
JellyTelly1
User ID: 79658944 Czechia 05/04/2021 12:05 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 18531068 United States 05/04/2021 12:16 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 54469829 United States 05/04/2021 12:25 PM Report Abusive Post Report Copyright Violation | Don't see how banks are willing to go along with this and lose their percentage when so many people pay strictly with cards now. People think Bank of America/Visa is just going to give up that business moving trillions of dollars each year? I use cards for almost every purchase because of all the incentives like cash back programs. What's Uncle Sam going to offer that's any better than today's debit or credit card? What's the use of duplicating efforts? |
Agent 99
User ID: 77082640 United States 05/04/2021 12:30 PM Report Abusive Post Report Copyright Violation | Don't see how banks are willing to go along with this and lose their percentage when so many people pay strictly with cards now. Quoting: Anonymous Coward 54469829 People think Bank of America/Visa is just going to give up that business moving trillions of dollars each year? I use cards for almost every purchase because of all the incentives like cash back programs. What's Uncle Sam going to offer that's any better than today's debit or credit card? What's the use of duplicating efforts? Sign at my Wells Fargo branch, CLOSING PERMANENTLY July 14, 2021. |
Anonymous Coward User ID: 74873148 United States 05/04/2021 12:33 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 80239746 United States 05/04/2021 12:36 PM Report Abusive Post Report Copyright Violation | A lot of you do NOT Understand the difference between Dollars and Digital Dollars... Dollars, even in computer form, still follow the rules of paper money, they can be converted to paper cash anytime, very hard to track.. a Digital Dollar Currency, will be on a Blockchain technology, for digital use only, AND its extremely easy to track where that money goes once created, WHO it goes to, and can be digitally manipulated to 'reach in' to your account and pull taxes, fees, fines, whatever the Government wants to DO to you you OWN paper currency, Gold & Silver, Commodities... you will NEVER own, true digital currency, it is created and truly owned by the Government, and by its use you allow the Government to take some of it back, tax it, fine it and ALSO set an expiration date if need be, to PREVENT you from Saving it, use it or lose it if the government so chooses to increase money velocity... |
WandererARG
User ID: 80277955 Argentina 05/04/2021 12:48 PM Report Abusive Post Report Copyright Violation | As a reminder, last month we reported that China's digiral yuan "is programmable. Beijing has tested expiration dates to encourage users to spend it quickly, for times when the economy needs a jump start." The Fed's digital dollar will have this functionality too, as well as many more Expiration dates... insane Wanderer |
BullionDude
(OP) User ID: 80028000 United States 05/05/2021 05:04 PM Report Abusive Post Report Copyright Violation | A lot of you do NOT Understand the difference between Dollars and Digital Dollars... Quoting: Anonymous Coward 80239746 Dollars, even in computer form, still follow the rules of paper money, they can be converted to paper cash anytime, very hard to track.. a Digital Dollar Currency, will be on a Blockchain technology, for digital use only, AND its extremely easy to track where that money goes once created, WHO it goes to, and can be digitally manipulated to 'reach in' to your account and pull taxes, fees, fines, whatever the Government wants to DO to you you OWN paper currency, Gold & Silver, Commodities... you will NEVER own, true digital currency, it is created and truly owned by the Government, and by its use you allow the Government to take some of it back, tax it, fine it and ALSO set an expiration date if need be, to PREVENT you from Saving it, use it or lose it if the government so chooses to increase money velocity... |
Anonymous Coward User ID: 80073096 United States 05/05/2021 11:18 PM Report Abusive Post Report Copyright Violation | What's Uncle Sam going to offer that's any better than today's debit or credit card? Quoting: Anonymous Coward 54469829 What's the use of duplicating efforts? The banks want the transaction fees. And AI marketing strategies can ensue upon every transaction, bringing about 2 fold perks, dividends and embed transaction history bought and sold on international markets. |
SaintVron
User ID: 71000553 United States 05/05/2021 11:47 PM Report Abusive Post Report Copyright Violation | when was the last time we needed paper money to get through a year of shopping paying bills entertainment the only reason we need pocket money is drugs the handout to the poor and when we need The Mark of the Beast to buy and sell the offering to the Church will be the only thing we can't do. |
SaintVron
User ID: 71000553 United States 05/06/2021 12:17 AM Report Abusive Post Report Copyright Violation | When the dollar is not the world wide currency where does that leave the US holding 30Trillion in debt to other nations when they no-longer need us and come to collect what we owe them we can't pay our government workers or our military we can't borrow from them anymore. What do we do next year when we are broke? Not only broke also in debt! |
JellyTelly1
User ID: 79658944 Czechia 05/06/2021 08:00 AM Report Abusive Post Report Copyright Violation | A lot of you do NOT Understand the difference between Dollars and Digital Dollars... Quoting: Anonymous Coward 80239746 Dollars, even in computer form, still follow the rules of paper money, they can be converted to paper cash anytime, very hard to track.. a Digital Dollar Currency, will be on a Blockchain technology, for digital use only, AND its extremely easy to track where that money goes once created, WHO it goes to, and can be digitally manipulated to 'reach in' to your account and pull taxes, fees, fines, whatever the Government wants to DO to you you OWN paper currency, Gold & Silver, Commodities... you will NEVER own, true digital currency, it is created and truly owned by the Government, and by its use you allow the Government to take some of it back, tax it, fine it and ALSO set an expiration date if need be, to PREVENT you from Saving it, use it or lose it if the government so chooses to increase money velocity... Glad someone explained it. Surely seems like the "apocalypse", don't you think? |