Coin shortage

[Phase2]

Actually, it is pretty easy to understand. A lot of people collect change and take it out of circulation. Do you have a coin jar or something similar you throw coins in?

 

[1775usmarine]

Actually, it is pretty easy to understand. A lot of people collect change and take it out of circulation. Do you have a coin jar or something similar you throw coins in?

Nobody needs that many coins. We need a law limiting the number of coins one can have.

 

[snorko]

I keep a stripper purse (Crown Royal bag) on my dresser and dump my change in it every day. I took it to the CU this week and it was $131.

 

[churchmouse]

Actually, it is pretty easy to understand. A lot of people collect change and take it out of circulation. Do you have a coin jar or something similar you throw coins in?

We do. It ends up in plastic Easter eggs on the annual; egg hunt. The terrorists make a huge haul. It resides in their banks.
The rest we put back. Might look into cashing it in. Our bank has a machine that counts it.

 

[chevyguy]

The Not So Federal Reserve is moving us towards a cashless society, the kung flu was the perfect jump start mechanism.

 

[Cameramonkey]

I'm not really a "no cash" person, but to be the Devil's advocate here...

Assuming you're interested in being a good citizen and paying all of your taxes, all of the things in that list can be accomplished with Paypal, Cashapp, etc... You can handout physical QR codes for deposit if you want, for example.



These are the big ones for me. The best way around that, even in a cash society, is with whatever 3rd party payment you want; metals, bitcoin, Doritos, whatever. Relying on cash to keep you out of those problems isn't much of a strategy if our backs really end up against the wall, IMHO.

So does that mean the stripper will get a 2D barcode tat on her thigh to scan in lieu of tucking dollar bills?

The Not So Federal Reserve is moving us towards a cashless society, the kung flu was the perfect jump start mechanism.

It IS rather convenient, isnt it?

And I'd go for the FairTax before a VAT. VATs "stack". So lets look at the famous "I, Pencil" story for an example. While you pay a VAT on that box of pencils, you're also paying the VAT that is passed through from the vendors from:
The wood
the graphite
the rubber eraser
the metal bit to attach the eraser
the paint
the glue to pair the two halves of wood
the cardboard box
the ink for the cardboard
The glue closing the box.
The fuel to transport all of the above
the raw materials to make the graphite
The raw materials to smelt the metal
the raw materials to make the paint
etc,

With the FairTax, you only pay tax at the retail level. So in the above scenario, there is no tax stacking from the wholesale transactions. You only pay tax at the retail level, not at every wholesale level of every component.

And remember, businesses dont pay taxes; they are just another cost of doing business. A VAT is just another cost to roll into the final product, just like any of the above raw materials. Uncle Sam raises taxes on a business? Its functionally identical to the cost of raw materials increasing. They're not paying it, the consumer does.

If You are selling a ice cream, and .gov says "Due to all the licking incidents, you need to add a 5 cent shrink wrap tamper seal to your ice cream containers for consumer safety." Are you going to pay that 5c per gallon yourself out of pocket and take it out of your profits? No, you're going to raise the cost of that gallon of ice cream 8 cents instead. (gotta pay for the shiny new machine to install the band too!) Sure there are market conditions that would prevent you from increasing your prices, but if your competition has to add that same seal, you know damn well you both will be increasing costs together.

 

[Phase2]

Nobody needs that many coins. We need a law limiting the number of coins one can have.

When coins are outlawed, only outlaws will have coins.

I keep a stripper purse (Crown Royal bag) on my dresser and dump my change in it every day. I took it to the CU this week and it was $131.

Thank you. That is a relatively painless way to help keep the cash system alive during this crunch time.

The Not So Federal Reserve is moving us towards a cashless society, the kung flu was the perfect jump start mechanism.

True. Retailers and customers are already slowly moving away from cash. I'm concerned that with problems like this change shortage and some people getting irate over something the stores don't control, some will just say: F*** it. Cash isn't worth the hassle.

 

[Phase2]

Looks like the coin shortage has hit Walmart now:

 

[printcraft]

Looks like the coin shortage has hit Walmart now:

They are supposed to be REQUIRING masks now as well.

I mean, really, you should have had a mask on to shop at the walmart years ago...

 

[GodFearinGunTotin]

They are supposed to be REQUIRING masks now as well.

I mean, really, you should have had a mask on to shop at the walmart years ago...

Maybe... but those masks won’t stop a virus much less the odor.

 

[Hatin Since 87]

They are supposed to be REQUIRING masks now as well.

I mean, really, you should have had a mask on to shop at the walmart years ago...

Half the people there can’t even wear their pants correctly... now you’re adding a whole new layer of difficulty

 

[JettaKnight]

Half the people there can’t even wear their pants correctly... now you’re adding a whole new layer of difficulty

Been reading the Bee?

https://babylonbee.com/news/walmart-requiring-all-shoppers-to-wear-pants

 

[Hkindiana]

I was in JayC (owned by Kroger) today, and the clerk was trying to explain to an elderly man that she could not give him coins, and the coins would have to be added to his card. He was having trouble understanding, and I saw that the cash drawer was FULL of coins. I asked the clerk why she couldn’t just give the guy his 22 cents since her drawer was full of coins. She said that if she did, she would be FIRED, and she had kids to feed.

 

[CPT Nervous]

There is a RIDICULOUS amount of coins already in circulation. I roll and box my coins, I have probably close to $400 or so. That is nothing compared to what is in circulation. I used to work for Brink's years ago. We handled millions of dollars in coins every month. Almost never got new coins from the mint. That was all just recirculated. And, that was just in our area, South Bend and surrounding cities. I refuse to believe there is a real coin shortage.

 

[chevyguy]

Originally posted by CPT Nervous There is a RIDICULOUS amount of coins already in circulation. I roll and box my coins, I have probably close to $400 or so. That is nothing compared to what is in circulation. I used to work for Brink's years ago. We handled millions of dollars in coins every month. Almost never got new coins from the mint. That was all just recirculated. And, that was just in our area, South Bend and surrounding cities. I refuse to believe there is a real coin shortage.

Thats because there is no coin shortage. Its manufactured to make it appear that there isn't enough physical money to go around, and the powers that be use the corona to justify it and usher in cashless transactions and the implanted chip via the “vaccine”.

 

[chevyguy]

Also think about it, how many Americans because of the uncertainty and more money needed to buy stuff in larger quantities dug out all their piggy banks and rolled money and turned it in.

 

[CPT Nervous]

Thats because there is no coin shortage. Its manufactured to make it appear that there isn't enough physical money to go around, and the powers that be use the corona to justify it and usher in cashless transactions and the implanted chip via the “vaccine”.

That's my theory. Coins don't go bad. There is enough in circulation to last quite a while even if the mints all were to shut down. I know the mint is way behind on producing bullion coins, but that is a whole different thing than currency coins. There is a very high demand for physical gold and silver, and I see why. People are scared.

 

[Route 45]

This poor chief economist actually believes that there is a reasonable explanation.

The lizard people must have chipped him already.

https://www.14news.com/2020/07/14/chief-economist-explains-national-coin-shortage/

 

[Phase2]

 

[KittySlayer]

Follow the money!

The banks “declare” a coin shortage and stop supplying coins to retailers.

The retailers move to Card only transactions.

The banks make huge processing fees with all those Card transactions.