# The Importance of Cash Money

Discussion in 'Business & Economics' started by river, Feb 13, 2018.

1. ### river

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10,227
Cash money , coin and paper bills ,1$,2$, 5$, 10$, 20$, 50$ , 100$, 1000$ etc , in Hand is important .

It means that any transaction that you have done or will do is private .

And That , is a fundamental Freedom given to all Human Beings .

If the Cash System of money is shut down by a Cashless System of money , debit , credit , card System then we can All be tracted , Hence loose our privacy . And identity .

Last edited: Feb 13, 2018

3. ### Beer w/StrawTranscendental Ignorance!Valued Senior Member

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Last edited: Feb 13, 2018

5. ### river

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What is VPN ?

7. ### river

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But for everyday people , VPN ( virtual private network , is irrelevant ).

Last edited: Feb 13, 2018
8. ### Beer w/StrawTranscendental Ignorance!Valued Senior Member

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Well, everyday people DO want to buy nuclear weapons (the grocery store was all sold out.)

9. ### Xelasnave.1947Valued Senior Member

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Bring back gold and silver coins.
Anyone know why they dont audit the gold in Fort Knox ...it seems they treat it as unimportant like its not even there...mmm it is there ist it?
Alex

10. ### river

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Everyday people DO want to buy food . Of which the grocery was not sold out .

11. ### river

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Agreed

Interesting question .

To my knowledge , since the dollar is not backed by gold , it isn't there .

12. ### Xelasnave.1947Valued Senior Member

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I have wondered if any one else has wondered if its actually there...
Alex

13. ### gmilamValued Senior Member

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Money is only worth as much as the powers that be say it is. And if there was a collapse, what am I gonna do with gold? I would rather have a storm cellar full of canned goods.

14. ### billvonValued Senior Member

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And for everyday people, cash is largely irrelevant.

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Is it?

16. ### iceauraValued Senior Member

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25,007
And so their lives cost them between 2% and 20% more than their parent's lives cost, for the same living.

A cash-less economy has certain overhead costs, similar to the convenience premium one pays for candy at the gas station.