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<p>[QUOTE="peanut3342, post: 884613, member: 25126"]I may not have been perfectly clear with my original post. However, I found the responses so intriguing that I had to refrain from refining my point until I read some of the fantastic posts you folks placed.</p><p><br /></p><p>I wasn't really speaking of complete economic collapse just the death of the physical dollar and a replacement with, for example "debit cards"! In effect doing away with dollar bills and pocket change whereas the concept of money is gone is.</p><p><br /></p><p>A situation where the United States mint is dissolved and everyone is payed with credits and cash is no longer. Not necessarily a situation of economic collapse but a scenario of termination of physical money.</p><p><br /></p><p>Seems to me that the freedom of physical cash puts our ever growing hungry government at a disadvantage for ensuring 100% tax collection. I.e. paid under the table, cash on the barrel head, and non-reporting of funds. With a credit system and a plastic card no transactions will be completed without the government knowing about the transaction. </p><p><br /></p><p>Under this scenario, what will happen to the "numismatic value" of out collections??:whistle:[/QUOTE]</p><p><br /></p>
[QUOTE="peanut3342, post: 884613, member: 25126"]I may not have been perfectly clear with my original post. However, I found the responses so intriguing that I had to refrain from refining my point until I read some of the fantastic posts you folks placed. I wasn't really speaking of complete economic collapse just the death of the physical dollar and a replacement with, for example "debit cards"! In effect doing away with dollar bills and pocket change whereas the concept of money is gone is. A situation where the United States mint is dissolved and everyone is payed with credits and cash is no longer. Not necessarily a situation of economic collapse but a scenario of termination of physical money. Seems to me that the freedom of physical cash puts our ever growing hungry government at a disadvantage for ensuring 100% tax collection. I.e. paid under the table, cash on the barrel head, and non-reporting of funds. With a credit system and a plastic card no transactions will be completed without the government knowing about the transaction. Under this scenario, what will happen to the "numismatic value" of out collections??:whistle:[/QUOTE]
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