New York State Enacts Cash Acceptance Law

FP1201

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Brawny71 said:
True story. Even our Country printed a bunch with no backing for it.
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FIAT isn't just an Italian Car Maker...
The value of cash is the same irrespective of it being in the Bank or you Mattress...
The big issue with Digital Currency is absolute use: Sorry, nobody accepts Cash as it's worthless, but swipe your card to my phone or use your phone to authorize transfer and you're good to go, and you're going to pay Taxes, and you're going to pay Fees, oh there's an arrest warrant out for you, well we'll just switch you off and see how long you last, that comment you made about the governor being an asshole, well your account is suspended pending further review....Whether you believe in God and the Bible, but it has been foretold that no man shall buy or sell without the mark of the Beast. (which could easily be interpreted as exclusive use of Digital Currency) and yes, I do understand that everything in the Financial World is Digital, I can still go down to the Bank and draw out as much cash as my account will cover and folks around the World accept it with a gratuitous smile.
 
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Saltwater60 said:
Yes, I wish I’d have bought some metals when I planned but too much going on and I needed some cash on hand. That’s life and no one ever makes the best decision every time.
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I wanted to buy some Monster Boxes of Silver Dollars: "eh, that's too much, I'll wait until it drops and buy" Better go ahead and buy those Boxes..."Out of Stock, return date to be determined"....SHIT!
Could have, Should have, would have...
 
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FP1201 said:
I wanted to buy some Monster Boxes of Silver Dollars: "eh, that's too much, I'll wait until it drops and buy" Better go ahead and buy those Boxes..."Out of Stock, return date to be determined"....SHIT!
Could have, Should have, would have...
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Been there on a few things but I’ve made some good choices too. You’ll never make em all right every time.
 
CaseHardened

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At one time we had a pretty good system .... COINS.

The coins were manufactured of metals that had value of their own.

Sadly, we have devalued our money to such an extent that there is insufficient metal to support such a system now.
 
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CaseHardened said:
At one time we had a pretty good system .... COINS.

The coins were manufactured of metals that had value of their own.

Sadly, we have devalued our money to such an extent that there is insufficient metal to support such a system now.
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We had to switch to Paper Currency (keep that quote in your mind) as Coins are too heavy and of too low a denomination (inflation) to cover the transaction.
It will be much easier with everyone on FTC's including the Government and some Bureaucracy under it's control to CONTROL YOU.
I've gotta believe at least once in your life you've been somewhere and went to pay with a Card only for it to be "DECLINED" or "See Attendant" and your initial response is denial while you're scrambling to figure out WTF do I do now? It's not a good feeling, but that's just how quick "this is great" turns into "oh shit, now what?" when the Government, and worse the Private Corporation know as "The Federal Reserve" can fuck you over at the stroke of a computer Key...Just ask the Chinese how it's going.
 
CaseHardened

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FP1201 said:
We had to switch to Paper Currency (keep that quote in your mind) as Coins are too heavy and of too low a denomination (inflation) to cover the transaction.
It will be much easier with everyone on FTC's including the Government and some Bureaucracy under it's control to CONTROL YOU.
I've gotta believe at least once in your life you've been somewhere and went to pay with a Card only for it to be "DECLINED" or "See Attendant" and your initial response is denial while you're scrambling to figure out WTF do I do now? It's not a good feeling, but that's just how quick "this is great" turns into "oh shit, now what?" when the Government, and worse the Private Corporation know as "The Federal Reserve" can fuck you over at the stroke of a computer Key...Just ask the Chinese how it's going.
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Most advanced civilizations, including the USA, minted GOLD coins.
And Silver, of course.
Clearly either have sufficient value to remain small, not too heavy, and could easily amount to thousands of dollars in your pocket.
Of course gold is very soft and would abrade quickly. But I'm certain a practical coating could be devised.
But sadly, metal diverted to coins would not be available for vital industrial use.

Curiously, a very high perecentage of all gold ever mined continues to exist in forms humans value.

But much silver has been lost. It's valuable, but not so valuable as to inspire extraordinary effort to conserve.
 
CaseHardened

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Surprisingly,

Sol cannot create gold.



Depending on the context, the statement "sol cannot create gold" can be understood in three distinct ways: through
astronomy, modern physics, or gaming mechanics.

1. Astronomy: The Sun (Sol)
Our sun, Sol, does not create gold.
  • Stellar Nucleosynthesis: Stars like our sun generate energy by fusing lighter elements into heavier ones (primarily Hydrogen into Helium).
  • The Iron Limit: Standard solar fusion stops at Iron. To create elements heavier than Iron, such as Gold (atomic number 79), much more extreme environments are required.
  • Natural Origins of Gold: Gold is primarily created during "explosive" cosmic events, such as supernovas or neutron star mergers, where the intense pressure and heat allow for rapid neutron capture (the r-process).
 
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CaseHardened said:
Most advanced civilizations, including the USA, minted GOLD coins.
And Silver, of course.
Clearly either have sufficient value to remain small, not too heavy, and could easily amount to thousands of dollars in your pocket.
Of course gold is very soft and would abrade quickly. But I'm certain a practical coating could be devised.
But sadly, metal diverted to coins would not be available for vital industrial use.

Curiously, a very high perecentage of all gold ever mined continues to exist in forms humans value.

But much silver has been lost. It's valuable, but not so valuable as to inspire extraordinary effort to conserve.
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An ounce Gold Coin is worth thousands more than it's face value, but that's not the picture I was projecting...
Seems odd, but it would be interesting to walk into a Dealership with ten Krugerands and drive out with a new car...I'd certainly swap guns & ammo for one, but in the end, what am I really going to do with it unless our currency crashes, and at that point I expect the Government will pull some shit like that fucker Roosevelt did.
 
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Mosinitis said:
I would think businesses prefer payments in cash, some even give a discount for cash payment. Why enact such law?
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Now if they'd just make Dr. offices accept cash for co-pays again that's something I could get behind.
 
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GOPerfect said:
So, technically, the sun can create gold...

The sun is a star. Stars go supernova.

Supernovas can create gold.
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The sun is a main sequence yellow dwarf. Yellow dwarfs don't go super nova. They are too small and lack the raw matter to reach gravitational forces required to go supernova.

The sun will become a red giant after it's done fusing hydrogen into helium. It will end as a white dwarf, assuming something like a roving black hole doesn't pass through the solar system and work its damage.
 
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