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coin shortage and possibly cash shortage

Posted on 8/3/20 at 2:28 pm
Posted by oldcharlie8
Baton Rouge
Member since Dec 2012
7806 posts
Posted on 8/3/20 at 2:28 pm
can you imagine how much money the government will recoup if suddenly all cash is gone? trump is a business man. if you don't think that he realizes that the government can make billions of dollars if cash doesn't exist. no more paying cash for shite to avoid taxes.
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
89476 posts
Posted on 8/3/20 at 2:32 pm to
Surely, you're not serious?

People are hoarding physical money due to the crisis. Isn't that obvious?
Posted by AUin02
Member since Jan 2012
4280 posts
Posted on 8/3/20 at 2:34 pm to
Treasury was also shut down for a while, halted the printing presses and the mint.
Posted by VoxDawg
Glory, Glory
Member since Sep 2012
59524 posts
Posted on 8/3/20 at 2:35 pm to
Posted by hawkeye007
Member since Feb 2010
5844 posts
Posted on 8/3/20 at 2:35 pm to
two things at play here:

With the shut down of buisness due to covid there is less cash being used so less cash in circulation

second your statement is total horse shite and has no factual basis
This post was edited on 8/3/20 at 2:36 pm
Posted by CrimsonShadow
Montgomery
Member since Nov 2015
1278 posts
Posted on 8/3/20 at 2:36 pm to
I do not believe there is a coin or cash shortage. This is an attempt to force us to rely on all digital currency for more centralized control.
Now who would want that?
Posted by Iron Lion
North of the river
Member since Nov 2014
11801 posts
Posted on 8/3/20 at 2:36 pm to
I wonder how some of you function on a daily basis.
Posted by WhitewaterDawg
Tennessee
Member since Aug 2011
7233 posts
Posted on 8/3/20 at 2:37 pm to
:snicker
Posted by Tiger on the Rag
Cattle Gap Egypt
Member since Jan 2018
6819 posts
Posted on 8/3/20 at 2:37 pm to
quote:

People are hoarding physical money due to the crisis. Isn't that obvious?



If it is US Citizens, I am okay with it.
Posted by oldcharlie8
Baton Rouge
Member since Dec 2012
7806 posts
Posted on 8/3/20 at 2:38 pm to
quote:

second your statement is total horse shite and has no factual basis



do you have any idea how much tax money trump is missing out on? it's unprecedented . the country could begin it's debt climb rapidly if there was no cash in circulation. it would climb out of debt faster than anything we've ever seen before. you know "from the likes of which has never been seen" and shite.
This post was edited on 8/3/20 at 2:39 pm
Posted by LSURussian
Member since Feb 2005
126942 posts
Posted on 8/3/20 at 2:43 pm to
quote:

oldcharlie8
Get help.
Posted by VoxDawg
Glory, Glory
Member since Sep 2012
59524 posts
Posted on 8/3/20 at 2:44 pm to
quote:

the country could begin it's debt climb rapidly if there was no cash in circulation.


Wait. What?
Posted by BIGJLAW
Member since Mar 2013
8419 posts
Posted on 8/3/20 at 2:54 pm to
quote:

can you imagine how much money the government will recoup if suddenly all cash is gone? trump is a business man. if you don't think that he realizes that the government can make billions of dollars if cash doesn't exist. no more paying cash for shite to avoid taxes.


Idiots on this board never cease to amaze me.
Posted by FLTech
the A
Member since Sep 2017
12228 posts
Posted on 8/3/20 at 2:56 pm to
My President only cares about me putting cash in my pockets
Posted by wareaglepete
Lumon Industries
Member since Dec 2012
10926 posts
Posted on 8/3/20 at 2:57 pm to
quote:

I do not believe there is a coin or cash shortage.


Where did they go? Did they just evaporate? Are we pulling that much old coin/currency out of circulation that a disruption in production of new coin/currency causes shortages? Maybe, but I kind of doubt it. It is in a vault somewhere.
Posted by oldcharlie8
Baton Rouge
Member since Dec 2012
7806 posts
Posted on 8/3/20 at 3:03 pm to
quote:

Wait. What?


no cash to hide from paying taxes. do you know how many mexicans are working in louisiana alone for cash?

Posted by RollTide4Ever
Nashville
Member since Nov 2006
18302 posts
Posted on 8/3/20 at 3:06 pm to
Will gov't attempt what Modi did in India awhile back? Joe Salerno on Mises has written extensively on the gov't's war on cash.
Posted by bubba102105
Member since Aug 2017
441 posts
Posted on 8/3/20 at 3:35 pm to
There's no less cash in circulation today as there was 6 months ago or even a year ago. It's all still out there if not more, it's just not being circulated as it normally would throughout the banking system. People and banks are sitting on stockpiles of cash.
Posted by concrete_tiger
Member since May 2020
5964 posts
Posted on 8/3/20 at 3:41 pm to
Who here actually carries cash, anyway? And if you do, are you my dad?

I rarely, I mean, almost never, have cash on me. Usually I have zero. Sometimes I might have a couple bucks.

Once people realize how awesome tap to pay, apple pay, etc, really are... I can see a lot of people not turning back.
Posted by La Place Mike
West Florida Republic
Member since Jan 2004
28788 posts
Posted on 8/3/20 at 3:43 pm to
quote:

coin shortage




There is no coin shortage. Go to the casino and cash out, if you are lucky enough to cash out, there are plenty of coins in those machines.
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