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US Wants to Take Your Dollars and Replace Them With Coins - Time to Get Rid of Paper Dollars

 
FreedomGladiator
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03/08/2011 12:37 PM
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US Wants to Take Your Dollars and Replace Them With Coins - Time to Get Rid of Paper Dollars
It's time to kiss your dollar bills goodbye—or at least, it should be, as far as the Government Accountability Office is concerned. The GAO has once again called on Congress, the Federal Reserve, and the Treasury to yank paper dollars out of circulation and replace them with dollar coins, Aol News reports. They estimate that the switch would save the federal government $5.5 billion over the next three decades, because greenbacks wear out every 40 months, while coins last around 30 years.

But don't hold your breath: This is the fourth time in the last 20 years the GAO has called for a switch. Part of the problem is that the public isn't thrilled with the idea; in a 2006 survey, 64% said they opposed switching to coins even if it would save money. "Trying to change people's mentality is a difficult thing," says one member of the government's Coinage Advisory Committee, "You have to withdraw the actual dollar bills, because we already have plenty of dollar coins, and no one even knows what they are."

[link to www.wthr.com]

Okay, so if switching to coins if not what the people want, guess how much money using electronic cash will save? You won't even have to print anything with electronics.

Some of you already know what is coming, it's also going to be marketed as a more convenient way for us consumers. A cash-less society, meaning we won't carry around physical money, but it will be all electronic.

Look at this company who is making all of this possible - - [link to en.wikipedia.org]

It's happening folks.
I ask for, not at once no government, but at once a better government, said by Henry David Thoreau.
FreedomGladiator (OP)

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03/08/2011 12:39 PM
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Re: US Wants to Take Your Dollars and Replace Them With Coins - Time to Get Rid of Paper Dollars
SMART Money - A cashless based transaction in a reloadable cash card linked to the MasterCard network.

PS: It really is more convenient, I personally don't remember when was the last time I payed with physical cash. I always use my debit card, I don't have a credit card and don't want one. A debit card is MY money.
I ask for, not at once no government, but at once a better government, said by Henry David Thoreau.
Anonymous Coward
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03/08/2011 12:39 PM
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Re: US Wants to Take Your Dollars and Replace Them With Coins - Time to Get Rid of Paper Dollars
never be a cash-less society...never!
...black markets would fail...black markets Rule the U.S.
FreedomGladiator (OP)

User ID: 847425
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03/08/2011 12:45 PM
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Re: US Wants to Take Your Dollars and Replace Them With Coins - Time to Get Rid of Paper Dollars
never be a cash-less society...never!
...black markets would fail...black markets Rule the U.S.
 Quoting: Anonymous Coward 1273315


How will people buy drugs? How will people buy weapons? etc, etc.

It's true, the "black market" does bring in a lot of revenue. How will government officials do business? They are almost all corrupted.
I ask for, not at once no government, but at once a better government, said by Henry David Thoreau.
Anonymous Coward
User ID: 1246559
Germany
03/08/2011 12:52 PM
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Re: US Wants to Take Your Dollars and Replace Them With Coins - Time to Get Rid of Paper Dollars
never be a cash-less society...never!
...black markets would fail...black markets Rule the U.S.
 Quoting: Anonymous Coward 1273315


You could use gold and silver coins for all black markets.

In general I always prefer to use cash, I hate it when the government or cooperations can see what I spent my money for.
Anonymous Coward
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03/08/2011 12:53 PM
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Re: US Wants to Take Your Dollars and Replace Them With Coins - Time to Get Rid of Paper Dollars
what will we wipe our asses with WTSHTF its a conspiracy to dive up the price of Toilet paper. Stock up now!!!!
FreedomGladiator (OP)

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03/08/2011 12:57 PM
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Re: US Wants to Take Your Dollars and Replace Them With Coins - Time to Get Rid of Paper Dollars
what will we wipe our asses with WTSHTF its a conspiracy to dive up the price of Toilet paper. Stock up now!!!!
 Quoting: Anonymous Coward 923589

This is SERIOUS, but this always happens here in GLP. We get idiots who have nothing important to say.

I wonder what you will do when you have to take an RFID or SmartMoney Card in order to buy anything and everything you need.

"Well, he bought this, this and that on this date" "Okay, we can bring him in for interrogation and use this as the excuse" "He is buying too much ammunition, and he got an extra gun" "Oh, he got some condoms today, we should bring in the nano-spy-bots"
I ask for, not at once no government, but at once a better government, said by Henry David Thoreau.
Anonymous Coward
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03/08/2011 01:06 PM
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Re: US Wants to Take Your Dollars and Replace Them With Coins - Time to Get Rid of Paper Dollars
It's a great idea. Not everything is a conspiracy. It works great in Canada and Australia. Don't be so tied to paper. The coins are great for a few reasons.
FreedomGladiator (OP)

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03/08/2011 01:13 PM
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Re: US Wants to Take Your Dollars and Replace Them With Coins - Time to Get Rid of Paper Dollars
It's a great idea. Not everything is a conspiracy. It works great in Canada and Australia. Don't be so tied to paper. The coins are great for a few reasons.
 Quoting: Anonymous Coward 1015690


I don't want to carry coins around, but I will gladly carry a card with my money, like I do now. I have a debit card which I basically use for everything. I still want the option to have my cash, because I do sometimes use it to buy certain things that can't be bought with a card.
I ask for, not at once no government, but at once a better government, said by Henry David Thoreau.
Anonymous Coward
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03/08/2011 01:15 PM
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Re: US Wants to Take Your Dollars and Replace Them With Coins - Time to Get Rid of Paper Dollars
SMART Money - A cashless based transaction in a reloadable cash card linked to the MasterCard network.

PS: It really is more convenient, I personally don't remember when was the last time I payed with physical cash. I always use my debit card, I don't have a credit card and don't want one. A debit card is MY money.
 Quoting: FreedomGladiator



Until the power goes out which its doing more and more frequently.
LillyandGish

User ID: 846553
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03/08/2011 01:16 PM
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Re: US Wants to Take Your Dollars and Replace Them With Coins - Time to Get Rid of Paper Dollars
It's a great idea. Not everything is a conspiracy. It works great in Canada and Australia. Don't be so tied to paper. The coins are great for a few reasons.
 Quoting: Anonymous Coward 1015690


I don't want to carry coins around, but I will gladly carry a card with my money, like I do now. I have a debit card which I basically use for everything. I still want the option to have my cash, because I do sometimes use it to buy certain things that can't be bought with a card.
 Quoting: FreedomGladiator



Moving to a card based system is stupid! TPTB can track every single purchase you make, they can automatically remove funds for traffic tickets, student loans, taxes, etc... or if you are being accused of something they can cut you off financially. Dumb, dumb, dumb if we go to a card based system.
"Only the madman is absolutely sure." - R.A.W.
LillyandGish

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03/08/2011 01:18 PM
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Re: US Wants to Take Your Dollars and Replace Them With Coins - Time to Get Rid of Paper Dollars
Interesting to see this thread. I was watching the news this morning and on the ticker at the bottom of the screen I noticed something about cotton prices going up so it's going to cost more to produce paper currency in U.S..
"Only the madman is absolutely sure." - R.A.W.
Anonymous Coward
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03/08/2011 01:30 PM
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Re: US Wants to Take Your Dollars and Replace Them With Coins - Time to Get Rid of Paper Dollars
It's a great idea. Not everything is a conspiracy. It works great in Canada and Australia. Don't be so tied to paper. The coins are great for a few reasons.
 Quoting: Anonymous Coward 1015690


I don't want to carry coins around, but I will gladly carry a card with my money, like I do now. I have a debit card which I basically use for everything. I still want the option to have my cash, because I do sometimes use it to buy certain things that can't be bought with a card.
 Quoting: FreedomGladiator


Yeah, but the cards can be stolen or used without consent. Why not just go the extra mile and use RFID chips? You bought it hook, line, and sinker OP. You're doing exactly as you were supposed to do.
C74R1TY-44

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03/08/2011 01:35 PM
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Re: US Wants to Take Your Dollars and Replace Them With Coins - Time to Get Rid of Paper Dollars
Wow what you retards fail to realize is that the US TREASURY mints coins and the FEDERAL RESERVE prints bills and loans them AT INTEREST to the TREASURY.

Minting our own coins would create an interest-free curency that would collapse the FED.

It's more of a step toward financial sovereignty than it is toward a "cashless society"

Last Edited by C74R1TY-44 on 03/08/2011 01:35 PM
The storm is closing in to begin again from the beginning. Never sitting through my waking life oblivious. The ignorance running rampant through the city is indicative of something worse; this picture isn't pretty.
Anonymous Coward
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03/08/2011 01:36 PM
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Re: US Wants to Take Your Dollars and Replace Them With Coins - Time to Get Rid of Paper Dollars
Wow what you retards fail to realize is that the US TREASURY mints coins and the FEDERAL RESERVE prints bills and loans them AT INTEREST to the TREASURY.

Minting our own coins would create an interest-free curency that would collapse the FED.

It's more of a step toward financial sovereignty than it is toward a "cashless society"
 Quoting: C74R1TY-44


True. And exactly why it won't happen.
C74R1TY-44

User ID: 1178496
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03/08/2011 01:36 PM
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Re: US Wants to Take Your Dollars and Replace Them With Coins - Time to Get Rid of Paper Dollars
I don't want to carry coins around, but I will gladly carry a card with my money, like I do now. I have a debit card which I basically use for everything. I still want the option to have my cash, because I do sometimes use it to buy certain things that can't be bought with a card.
 Quoting: FreedomGladiator


putin

So you'd trade your right to a sovereign currency because you can't be bothered to carry coins in your pockets?

Baaaaa baaaaaa
The storm is closing in to begin again from the beginning. Never sitting through my waking life oblivious. The ignorance running rampant through the city is indicative of something worse; this picture isn't pretty.
Anonymous Coward
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03/08/2011 01:56 PM
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Re: US Wants to Take Your Dollars and Replace Them With Coins - Time to Get Rid of Paper Dollars
They never flashed any cash on Star Trek. ohyeah
Anonymous Coward
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03/08/2011 02:16 PM
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Re: US Wants to Take Your Dollars and Replace Them With Coins - Time to Get Rid of Paper Dollars
Oh goody...this will make the strip club more interesting next time.

ohyeah
ANNONYMOUS
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03/08/2011 02:24 PM
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Re: US Wants to Take Your Dollars and Replace Them With Coins - Time to Get Rid of Paper Dollars
5a

Something everyone seems to have missed the US Mint issues all coinage under the Treasury Department. This then would shut the Fed Res out of this area of the market. Very interesting indeed especially if they decide to mint a $5 coin next.
~Andariel~

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03/08/2011 02:27 PM
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Re: US Wants to Take Your Dollars and Replace Them With Coins - Time to Get Rid of Paper Dollars
I don't want to carry coins around, but I will gladly carry a card with my money, like I do now. I have a debit card which I basically use for everything. I still want the option to have my cash, because I do sometimes use it to buy certain things that can't be bought with a card.
 Quoting: FreedomGladiator


putin

So you'd trade your right to a sovereign currency because you can't be bothered to carry coins in your pockets?

Baaaaa baaaaaa
 Quoting: C74R1TY-44


laughlaughlaugh
Space, the final frontier...or is it?
Knowledge is power
~Andariel~

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03/08/2011 02:28 PM
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Re: US Wants to Take Your Dollars and Replace Them With Coins - Time to Get Rid of Paper Dollars
Oh goody...this will make the strip club more interesting next time.

ohyeah
 Quoting: ArunaLuna


LOL hilarious.
Guys would be like "uhmm bend over honey so that I can insert my card"
Space, the final frontier...or is it?
Knowledge is power
Anonymous Coward
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03/09/2011 11:23 PM
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Re: US Wants to Take Your Dollars and Replace Them With Coins - Time to Get Rid of Paper Dollars
HOLY SHIT!

News