I was thinking about that watching this and kinda figured that was the real reason behind this "currency"

I was questioning the reason, too, and yes, it seems to be it.

@@eacalvert They might be more fun for kids to look at and spend. And the whole thing about "oh, it's only 20 Disney dollars" being a bit further removed from "oh, I worked 3 hours to get that money".

I guess more like a strange loan? These notes must still be bought back if ever presented so it is still a liability. Disney can assume a certain percentage have been lost or destroyed but there must be a line item in their accounts somewhere that keeps a bit of money aside just in case.

@@simonpowell9975 Or you could think of it as "buying stocks", where people have put let's say 1 million into your company initially. Normally you'd have to pay the people back 2 million when your company has gone up in value, but with this setup the value is tied to the US dollar rather than the worth of the company. In my 1 mil - 2 mil sort of example: The company already used that money they initially got to invest into projects that would make profit, so having to pay the same exact amount isn't that big of deal. Normally stocks would rise in value, but in this case inflation is devalueing it. Also, people can sell them on Ebay/whatever and this way Disney doesn't even have to buy them back. Considering all of these, it's hardly a liability. There's many ways to interpret such things, which is fun! And of course "buying stocks" is a "strange loan" as well :)

Also: Kidzania, where kids earn their banknotes (called "Kidzo", plural: "Kidzos") by role-playing jobs. Since I never visited them (I knew it from watching TV many years ago), I don't know if you can purchase their currency with real money but for sure, their money cannot be cashed out into real money. By the way, the banknotes feel like real-life currencies (particularly Chinese Jiao notes and the 1999 50000IDR note) and have UV images and fibers

@@tripthongUwU But isnt kidzos just for the games? Im pretty sure you cant buy food inside with them. And you get em as part of the initial payment, like tickets

Kings Dominion did the same as well.

But shouldn't "Gringotts Cash" be large coins instead?

@@catriamflockentanz it should be but paper bills are much easier to mass produce than plastic/metal coins

For me, it was magic bands.

Soooo did you go?

That's so sweet!

@@ulysselouisdatoudelmer7365what do you think?

Cool! I never heard of that!

It's not just during the war. They've been doing it for decades, over 30 years at least, and it's because shipping coins is way too expensive so they give you the pogs instead because they are way lighter to ship.

I still have a few dollars worth of the cardboard coins laying around somewhere.

It goes back a lot longer than that, at least to WW2 from what I know without having to google it. Aside from the logistics of coinage weight that I've never considered, it's to keep US currency from floating around the war zone. Uncle Sam doesn't want genuine US dollars getting distributed in potentially hostile territory, spent on all the unsavoury things a soldier might buy. It can't really be prevented, especially now that US dollars are good worldwide, but at least the military isn't paying for a cargo plane full of real cash to essentially scatter in the wind.

@@johnladuke6475 you'd think introducing your currency into circulation in the enemy country would be a good thing as it gives you economic leverage once you go for peace, since now there's economic integration. the value of your currency and your markets are now linked to that country and that would be something they'd have to consider. though that could be the very reason they don't want it, as that could come with obligations. still, it would be better empire building to purposefully pump US dollars into circulation overseas.

I swear every canadain home has a stack of CT bills. I have over $15 in CT money. It's a lot of bills lol.

its kind of sad they don't do the paper money anymore but ofc it makes sense cost wise

I was thinking "Canadian Tire...Canadian Tire...Canadian Tire..." all through the video. Like its Disney equivalent Canadian Tire "money"/scrip/whatever you want to call it was designed like real banknotes and printed by the same people.

no one knows what tires are fyi, can u explain to these americans?

@@justfrankjustdank2538 Canadian Tire is a nationwide chain of automotive, hardware, and housewares. Kinda like Walmart without the clothing and having mechanics to work on your car. Many small businesses would legitimately accept CT money as currency because they could turn around and use it at the store for their own needs.

looks over at my blockbuster gift card still with 20$ on it, and nods.

Didn't you watch the video? It's because it's illegal to pay your workers in scrip.

@@leonguyen896 sure, it would be a problem to pay your employees with a made up currency. But why shouldn't you be able to say "you can buy this piece of paper and exchange it for goods and services in our park"?

They are essentially glorified gift cards, but what makes them different is that they are redeemable for full cash value. The only real legal issue I could see would be counterfeiting (the Treasury is really specific about its requirements for play money), but I imagine the colorful Disney characters and glitter make that a moot point. Disney money doesn't serve a practical purpose (just being a decorative substitute for regular cash), unlike casino chips, which serve the practical function of speeding up play (and also the more sinister function of helping you part with your dough). So it kinda just seems like more of Disney's "immersive experience" schtick. However, the huge cost they put into printing them and theoretically zero profit if all the money were redeemed proves that can't be true. It turns out that if people want to exchange real money for Disney money, they don't usually change the rest back when they leave the park. They take it home as souvenirs or collector's items. Disney may have made $200 million on outstanding bills. Disney's new pay systems have that casino chip-advantage as well as being much more convenient for customers, but they lose most of the profit from people walking out with fake money.

@@sebastiane7556 You can't sell coupons back to get the amount of dollars paid for them though, right?

@@sebastiane7556 Again, you're looking at it from the customers' perspective. Think of how things would work if employee's were paid exclusively in goods and services from their employer. It'd just be slavery with extra steps. You'd understand if you ever had a job.

Canadian Tire money has been a fun kids toy for play currency with almost real value since you could actually buy something for real with it. My brother and I always loved collecting the stuff and playing with it.

@@emerson-biggons7078 Yeah, but Canadian money in general looks like play currency.

@@ScooterinAB As far as I'm concerned so does yours 😂

@@emerson-biggons7078 I'm Canadian.

Yessss I even have a Canadian tire one dollar coin!

The same goes for $10 bills and a significant number of $1 coins.

HOLY HOLY!!! I can proudly say that I have the two HOTTEST women on this planet as MY GIRLFRIENDS! I am the unprettiest KZfaqr ever, but they love me for what's inside! Thanks for listening his

@@AxxLAfriku If I could stop one person on youtube from commenting ever again, it would be you

And $10 bills! ALEXANDER HAMILTON BABY, whole focus of my channel

@@AxxLAfriku Go away

Huh. No wonder half of the Alberta population is Newfies. I'd leave too if the only industry was actively robbing me.

Thanks for sharing!

I hate that guy

​@@OLBastholm why

I totally forgot about the MCDs buck.

I know that Canadian Tire did a very similar thing except what they did was basically replace coins with paper versions that can only be spent at Canadian Tire.

LMAO what?? Gift cards are not their own legal form of currency

@@epicmanpog7846 I agree. Which is why I put the phrase "make their own currency" in quotes. I was making fun of the video for calling Disney Dollars currency by pointing out that they were nothing more than fancy gift certificates.

@@SurelyIjest206 oh sorry then lol

@@SurelyIjest206 But you can say the same thing about any currency. What makes this differ from a gift certificate of dodgey company scrips is that they had real value and were treated like currency and not like gift certificates. It's all about intention.

Also hello fresh has been exploiting workers and participating in union busting practices. Most likely their script that he is reading off but absolutely devoid of morals if he knows what’s going on… chances are he hasn’t flown under the noise

In the context of his sentence he is saying that the lack of food waste reduces his carbon footprint. But really thats just a funny way of saying "hello fresh portions are so small I always eat the whole thing and am still hungry afterwards"

@@Ryan-ft6pq i can see that nobody asked. that's the problem. with world in general currently. nobody asks anymore whether what they're told makes any goddamn sense.

@@Acc_Expired "In the context of his sentence he is saying that the lack of food waste reduces his carbon footprint." which I give zero fucks about because in the context of reality rotting plants/meat are normal parts of the carbon cycle, and his food waste would produce a miniscule amount of it compared to the carbon produced by processing and burning fossils to produce the packagings and deliver it to him, plus then the carbon footprint of disposing of those plastic packagings. i don't care that it makes sense in the context of the sentence when the sentence doesn't make sense in the context of reality. also I'm not shitting on the ingredients or recipes or portion sizes, I've never tried them (and never will). they might be great for all i care. I'm not even that angry about their incredibly environment-unfriendly business model, actually. It's incredibly dumb and incredibly wasteful, but whatever. It's specifically how one of their main marketing points is that precise blatant, stupidly obvious lie, that pisses me off.

@@Acc_Expired The portions likely the ones that recommended by nutritionist or what you see on "serving size" at side your cookie box. So instead of "big mac", which is really 2 to 3 portions, you get exactly 1 "beef burger". But almost nobody has only 6 chips, we eat whole can of pringles (4-6 servings) in one sitting. And I know because I do.

Also Susan B. Anthony, Sacajawea, Lewis & Clark, unidentified Indian on coins. Salmon P Chase on the $10,000 bill, and hopefully Harriet Tubman in the near future.

@@speedocowboy Harriet Tubman will come as a result of the ridiculous inflation we have been seeing lately. At this rate, they'll probably need to start printing $500 bills again. I don't think "hopefully" is the right word to use in that case.

@@seancondon5572 Tubman is supposed to replace Jackson on the $20

@@speedocowboy They been saying that for 5+ years. You seen it yet? No. That means it ain't gonna happen.

@@seancondon5572 it's scheduled for 2030. it takes time.

While it would be a scary world to live in, I kind of want to read a headline about international inspectors demanding access to Disney's reactor sites to verify that they aren't breeding and enriching weapons-grade material. And getting denied by dystopian soldiers in mouse-ear helmets.

@@johnladuke6475 next thing you know, corporate war between disney and WB or universal studios breaks out.

@@johnladuke6475 Blue Helmet-Mouse Ear helmet confrontation

@@johnladuke6475 Sounds like a cyberpunk story plot. You might want to read Jack Yeovil's Dark Future series, I don't think that he mentions Disney specifically, but he has stuff like that in his stories. And one of the protagonists is Elvis, who became a bounty hunter instead of going back into music after returning from his deployment.

Welcome to your first time using the internet.

@@ScooterinAB *modern web

Kevin (Perjurer) didn't (so far), but I do believe Rob (Midway to Main Street) did*, and it wasn't THAT long... Kevin has had so much success with his 100+ minute Easy Pass doc (7.8 million views and counting) that you'd expect that. * also made a thorough one on Reedy Creek (Walt Disney World's government entity)

lol. I like Defunctland, but it's so true.

Thank you for your service!

Jesus loves you!

@Mck Idyl Thanks. I didn't recall that.

OK. It's called scrip, not script.

@@awesome346 -_-

You like collecting them but hadn't noticed they've been out of print for 6 years?

@@Tunechi_Lee wtf 2016 is 6 years ago Time flies

And they'll probably use it to screw over their workers like the coal mines did in the late 19th century

@@FlamingoPulse Did you even watch the video? IT ISN’T LEGAL TO PAY EMPLOYEES WITH PRIVATE CURRENCY

@@normanm11 true..but disney has tons more money and resources..plus it is kinda legal if their boats are in fact from a nation that doesnt ban that....yea..its complex..but freakin doable

Non Fungible Toons

@@spykillergames8402 their employees would have to not pay taxes to the USA though.

As a European, in a non-Euro country, I note that our country / state penal code has long contained a specific prison term for issuing tokens or coupons intended for general circulation, with a specific exception allowing the circulation of actual foreign currency. Banks need a special license exception to issue checks and credit cards.

Oh, let me explain from Canada. The problem here isn't the US justice system (that's a whole other issue). It's that a lot of them really aren't educated enough to actually notice the difference between that and a legitimate US dollar. You and I notice when they put a new portrait on a bill; I guarantee that there were people having a fit in a bank because they wouldn't accept the funny money. There's a nuclear-armed country of about 400 million people and a significant number of them fail your intelligence estimation for toast. Also they can't really agree who they want in charge.

@@senorbones Private currency is legal. Look at the Goldback. The issue they had was that the Liberty Dollar looked too much like US coins, which I would argue they do not. The Ron Paul coins were a special edition, there is also a Donald Trump edition. The normal coins just have Lady Liberty's head, with a torch on the back. They were never intended to copy or counterfeit US currency. They were made of silver that had more value than the face value of the coin in some cases. It cannot be a counterfeit because it does not copy any existing coin, and it is made of a precious metal that has at least as much value as its face value, so in that way it is actually much more stable and valuable than US fiat currency.

it's not about confusing them with real dollars, it's about preventing people to establish their own currency, since the federal reserve needs complete control over the economy. That's why they want to ban crypto so badly also.

@@johnladuke6475 Not really, no.

Well, here's a couple of possibilities. At the end of the trip, many people probably kept a few of their Disney Dollars as souvenirs. Most were probably the dollar ones, but I'll bet a few kept higher denominations as well. When you consider that millions visit the theme parks each year, that quickly adds up. Every one that is NOT turned in is pure 100 percent profit for Disney - which is pretty good indeed. Another possibility is that those spending Disney Dollars might be inclined to spend them all - as opposed to not spending U.S. currency. You have to realize the psychology of it. You've got Disney Dollars, you're in the theme park. You'd probably be more inclined to spend that last $50 in Disney money on a ride or a toy, than if it's the last $50 in U.S. currency in your pocket. Yes, it's true that you could turn the $50 Disney for $50 U.S., but you'd be more likely to say "What the heck," if you had the Disney money in the first place.

As long as people accepted it Disney was esseintly creating their own (USD) money. When someone didnt turn them back in with Disney they would keep the USD money and lose a fancy piece of paper that cost a couple of cents to make. The bills were pretty much worthless and Disney got paid for a piece of paper and got advertisement at the same time. Its actually a really great idea of their perspective since controlling money is OP as hell.

@@cjmarshall0221 Same reason that a casino uses chips, cruise lines charge your Seapass card, etc. When you SEE cash, you're like - wow, that's real money. You see chips, or Disney money - meh...

And Disney didn't probably hold 100% of the issued dollars in cash, but could instead invest that money as soon as people convert their money across.

@@frankpinmtl If casinos let people place real $100's on the table it would be real easy for someone to snatch and dash. Tokens aren't accepted off premises.

Another day older and deeper in debt.

Saint Peter, don’t ya call me, cuz I can’t go…

Yes

Also I find it really hard to believe that grocery prices are less than Hello Fresh's prices. And you probably have to go to the grocery store anyway for TP, snacks, fruit, other household items, right?

“Carbon footprint” is a marketing term. No individual is going to affect global warming meaningfully unless they’re a billionaire or something. Also, Hello Fresh is overtly anti-worker’s rights and retaliated against their employees for trying to unionize. I’m all for creators getting paid more, they deserve it, but some companies should be passed over for solidarity’s sake.

they go through fedex like any other package from my experience

Tell that to cryptocurrency shills.

...yet.

My guess: customers bought it at the entrance, like chips in casinos. And what was the benefit - marketing, kids wanting it and then spending it, i suppose

@@panda4247 Yup. Additionally, if you're spending goofy bills that have a drawing of Goofy's friend on them, it doesn't feel like you're spending actual money, even if the bills have the exact same value as money.

The point is that people would buy them and never use them. Just like with gift cards.

I do remember that my parents kept one of their unused Disney dollars as a souvenir from their trip, and I suspect that was the major point of them at the time.

Actually yes. Your last point is exactly the point.

That's exactly the point. Also, Disney is volcano-lair levels of evil, so establishing their own currency they could theoretically manipulate and control is par for the course. Reminds me of that town the established.

I'd imagine that in the beginning, Disney didn't have credit card machines at every shop and food vendor. So someone could go to the Disney bank and charge the amount of Disney money they wanted for the day, then use that throughout the park. At the end of the day if the person had any left, they could exchange it back for cash.

Not every Disney Dollar handed out will be spent. Souvenirs. People die. All those dollars are 100% profit for Disney. Even if 99.8% of people spend every Disney Dollar they get, think of how many people 0.2% of Disney patrons is. A lot of people.

Its one of the reasons companies sell gift cards, as well. And I bet handing in Disney dollars to exchange back to USD was rare.

I think he means what’s the point of the consumer switching to Disney dollars if there is no tangible difference between that and regular money. Seems simpler to skip the step of exchanging the currency and use normal cash instead to me.

Why buy gift cards? Those are worse, you can't exchange them back to dollars.

Child labour?

@@sirk603 not child labor. It's just roleplay jobs and doesn't like real-life jobs. For example: the fireman job does only extinguish fake flames made of lamps. Pizza-making is DIY or choose your own topping, just like Papa Pizzeria where you can sort toppings into shapes you want

@@tripthongUwU yeah yeah I mostly assumed that. I was kinda joking

Disney is all about the experience- they probably figured Disney dollars would make you feel like you weren't in the real world and further immersed in park. Also while they have to be redeemable for USD, there is nothing to say they couldn't print more, give them out with promotions or ticket sales, and then expect to get most of them back from gift shops or resturaunts, making their value for a customer a dollar, but their cost to Disney to be somewhat less. Just speculating anyways

Except it is. It costs the Bureau of Engraving and Printing about 5 cents to produce a $100 note (slightly less ... about 3 cents ... to produce a $1 or $2 note, since those have fewer anticounterfeiting features). There are probably slightly fewer anti-counterfeiting measures in a Disney Dollar than in a US banknote, but there's also less of an "economy of scale", so let's assume it costs Disney around 5 cents per note regardless of denomination. If someone buys a Disney Dollar and exchanges it back for US currency, Disney has lost 5 cents. If someone buys a Disney Dollar and SPENDS it at Disneyland Disney has "sort of" lost 5 cents, but they also made whatever their normal profit on the item was (and if you think Disney's profit margins are as low as 5% can I interest you in some prime Disney-adjacent vacation land in the Everglades?). If someone buys a Disney Dollar and keeps it as a souvenir, Disney has made 95 cents. All Disney requires to break even is that one person in 20 keeps the Disney Dollar instead of exchanging it for US currency at the end of their trip. The number of people that need to keep the $5 or $10 notes instead of exchanging them is far smaller for Disney to break even or make a profit. There's also a psychological effect ("Oh, my trip's almost over and I still have some Mickey Money; I should spend it." and "It's not REAL money, after all, why not splurge?") Also, at the volume Disney is doing this, you can't entirely ignore the interest effect; if you buy Mickey Money when you book your trip (not an unreasonable scenario) and exchange it for cash at the end, you've effectively given Disney an interest-free loan for that length of time.

It's a Storyblocks stock footage called Young Woman Is Touching Her Chin Thinking About Something While Posing Against Pink Studio Background

Holy fucking shit

@marvin: agreed. Florida and the county Disney is in, made a lot of concessions to/for Disney , to get them to come to Florida. It’s almost obscene. Money corrupts in so many ways.

He was apparently president of Pennsylvania.

Never been elected president YET. Give it time, he's managed some remarkable accomplishments.

Benjamin Franklin: The only President of the United States who was NEVER President of the United States.

hmmm,don't look up what mickey did between 1933 and 1945

Because they own the us government

Good, he did nothing wrong!