Federal Digital Currency

[Maddog]

https://dailyreckoning.com/warning-shot-fired/



An interesting read. : )

Earlier last year, I had read on another website the rollout was suppose to happen in October of 2022.

Any of you guys hearing anything about this?

 

[eyexer]

Well it’s clear the government hates people having cash. Cash is king.

 

[svnmag]

Tucker had a segment on his show tonight about disappearing ATMs.

 

[Davey Crockett]

I found out It's hard to get a cash and customer service from a bank when on the road if your not a regular customer. I unexpectedly bought a tractor for 3K while I was in Fargo a couple years ago and had the money sitting in the checking account but the bank I went to wouldn't take a personal check . In the past I would have them call my bank and verify the check is good , worked for years but this bank wouldn't do that because I could walk out the door and stop payment on the check . So I asked about my debit card, that was no good either. So then I get handed a print out with specific wiring instructions to tell my banker. My bank wired the money but my name wasn't on it. I said well heres my photo ID , It's me. Not good enough , by then I had to wait over noon hour for my banker to get back and put my name on the money order.

 

[eyexer]

I found out It's hard to get a cash and customer service from a bank when on the road if your not a regular customer. I unexpectedly bought a tractor for 3K while I was in Fargo a couple years ago and had the money sitting in the checking account but the bank I went to wouldn't take a personal check . In the past I would have them call my bank and verify the check is good , worked for years but this bank wouldn't do that because I could walk out the door and stop payment on the check . So I asked about my debit card, that was no good either. So then I get handed a print out with specific wiring instructions to tell my banker. My bank wired the money but my name wasn't on it. I said well heres my photo ID , It's me. Not good enough , by then I had to wait over noon hour for my banker to get back and put my name on the money order.

The banking system is a no absolute debacle now.

 

[KDM]

 

[Bobkat]

I found out It's hard to get a cash and customer service from a bank when on the road if your not a regular customer. I unexpectedly bought a tractor for 3K while I was in Fargo a couple years ago and had the money sitting in the checking account but the bank I went to wouldn't take a personal check . In the past I would have them call my bank and verify the check is good , worked for years but this bank wouldn't do that because I could walk out the door and stop payment on the check . So I asked about my debit card, that was no good either. So then I get handed a print out with specific wiring instructions to tell my banker. My bank wired the money but my name wasn't on it. I said well heres my photo ID , It's me. Not good enough , by then I had to wait over noon hour for my banker to get back and put my name on the money order.

I’ve run into the same problem, living 5 months a year 2000 miles from home. A lot of this verification stuff and hoops to jump thru has been added by banks over recent years because of all the scammers, dishonest people these days. Like airline security boardings, it can be a royal PITA, inconveniencing us all because of a relatively few crooks! I recognize that buying something like your tractor, a UTV, will be completed but like airline boardings, you might have to wait a few days or a week or so for your money to come through. Irritating, but I suppose it’s necessary to safeguard your money.

 

[Davey Crockett]

I’ve run into the same problem, living 5 months a year 2000 miles from home. A lot of this verification stuff and hoops to jump thru has been added by banks over recent years because of all the scammers, dishonest people these days. Like airline security boardings, it can be a royal PITA, inconveniencing us all because of a relatively few crooks! I recognize that buying something like your tractor, a UTV, will be completed but like airline boardings, you might have to wait a few days or a week or so for your money to come through. Irritating, but I suppose it’s necessary to safeguard your money.

What bothered me most about the fiasco is the thought of what if I lost my wallet with ID and credit cards when traveling . First thing to do is cancel or put a hold on the cards but without the cards how would I know the phone number to call . That and getting a banker to help someone without a photo ID would be a tough row to hoe. Hopefully a guy could go to the county sheriff and get some advice or at least a printed copy of your drivers license .

 

[Allen]

What bothered me most about the fiasco is the thought of what if I lost my wallet with ID and credit cards when traveling . First thing to do is cancel or put a hold on the cards but without the cards how would I know the phone number to call . That and getting a banker to help someone without a photo ID would be a tough row to hoe. Hopefully a guy could go to the county sheriff and get some advice or at least a printed copy of your drivers license .

Davey, about once a year or whenever I travel, especially internationally, I empty my wallet and photocopy its contents. Then I keep that one photocopy in a safe place at home, and put another one with my travel documents (passport, itinerary, tickets, etc). That way if I lose the wallet, I have the numbers to call readily available.

I have thankfully not needed the copies as of yet, but it's not a bad practice to get into. It always amazes me at the crap that doesn't get put back in my wallet every time I do this.

 

[camper]

Tucker had a segment on his show tonight about disappearing ATMs.

Do people still watch that? You’d learn more watching Wheel of Fortune.

 

[Greenhorn]

Do people still watch that? You’d learn more watching Wheel of Fortune.

constructive

 

[svnmag]

 

[CatDaddy]

So much formaldehyde to keep this going.....

 

[svnmag]

I'd still give her some digital currency.

 

[johnr]

Davey, about once a year or whenever I travel, especially internationally, I empty my wallet and photocopy its contents. Then I keep that one photocopy in a safe place at home, and put another one with my travel documents (passport, itinerary, tickets, etc). That way if I lose the wallet, I have the numbers to call readily available.

I have thankfully not needed the copies as of yet, but it's not a bad practice to get into. It always amazes me at the crap that doesn't get put back in my wallet every time I do this.

We travel abroad once or twice a year, mrs johnr has a system, and is my banker, so I can be my usual irresponsible self.

 

[gonefshn]

This is how you get a national sales tax while getting rid of the IRS at the same time to work. No currency and with everything done electronically the tax will be automatically applied to every exchange of funds. Be careful what you ask for.

 

[Lycanthrope]

moving away from paper money is the first major step towards instituting a national social credit score. They will track everything everyone buys, who you give a $ to, so it WILL be taxed, etc. It would be the beginning of the end of freedom in america.

 

[Kentucky Windage]

grocery money deals are my favorite

 

[CatDaddy]

I'd still give her some digital currency.

Is that a finger joke?

 

[svnmag]

And other things...