- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Spinoff: When do you think we will do away with hard/paper currency in the US?
Posted on 4/18/16 at 1:29 pm to Lake Vegas Tiger
Posted on 4/18/16 at 1:29 pm to Lake Vegas Tiger
Digital will never occur until they can control the generation of 1's and 0's. ALL digital is literally a series of 1's and 0's, how it is rendered is the difference.
Look up the Montana Freedmen from the 1990's. Where they broke the law was in moving fake digital transactions through the banking system. Their false digital uses in having bogus credit cards they created, that stores accepted as valid transactions, may have been immoral but not illegal. (credit is not money, the user agreement contract turns it into currency by agreeing to pay in US $'s. The Montana Freedmen issued their own cards without that US $ part).
As far money laundering goes Gift Cards are already where the big action is. Easy to convert cash into a stack of Prepaid credit cards and gift cards. Have one of those Panamanian shell corporations give a person a title so they can carry a suitcase full of gift cards through customs in the name of corporate activity, voila, illegal cash laundered into spendable currency.
Look up the Montana Freedmen from the 1990's. Where they broke the law was in moving fake digital transactions through the banking system. Their false digital uses in having bogus credit cards they created, that stores accepted as valid transactions, may have been immoral but not illegal. (credit is not money, the user agreement contract turns it into currency by agreeing to pay in US $'s. The Montana Freedmen issued their own cards without that US $ part).
As far money laundering goes Gift Cards are already where the big action is. Easy to convert cash into a stack of Prepaid credit cards and gift cards. Have one of those Panamanian shell corporations give a person a title so they can carry a suitcase full of gift cards through customs in the name of corporate activity, voila, illegal cash laundered into spendable currency.
Popular
Back to top
![logo](https://images.tigerdroppings.com/images/layout/TDIcon.jpg)