The real "problem" with cash is that the government can't track everything you do.

Instead of trying to predict and prognosticate whether or not we’re going into a recession and precisely when it’s going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.

One of the best things about using cash is that I dont have a machine asking me to add a tip right in front of the worker.

Going digital is the worst idea yet! We must push back on this. It is dangerous. Look at what happened in Canada!💯👍

Problem with cash is that it's harder to control, track, and monitor us common folk compared to digital payments. Cash is king.

Sometimes it’s cheaper to use cash. This transactions costs are killing me

Cash is, as far as I can tell, the easiest way to live with as little debt is possible. You can't spend what you don't have.

Take cash away from me and you take away my right to.... 1. Surprise people with a thankyou gift 2. Budget my own money- easier when I need to count it 3. Feel safe - having cash make me feel safe, cards don't 4. Anonymity - I don't need banks knowing EXACTLY WHAT and WHERE I bought 5. Be able to pay for a sudden casual purchase

I agree that every business should accept cash

One problem with digital is that you can’t use it when power is down.

Cash commodity is beginning to loose it’s value, the world we’re in today is a world fast developing more currencies are being created which beats the value of cash commodity and others, cryptocurrency today is fast growing and most people cease to participate in owning and trading with it

cash is king... the other day, this lady was trying to buy her food with credit card and her card wasn't working. i was in the next line over and saw this i pay with cash and there you go, lesson learned.

One of the best things about using cash, it’s full control, and the ability to be anonymous. The idea that transactions need to be recorded it’s nonsense.

Pre-pandemic, I went to withdraw @ $9,000 from my checking. Bank said I would have to come back in a week or two, because they didn’t have that kind of cash on hand. The Fed can put holds on accounts too, and make your money inaccessible for a period of time. Anyone that wishes for a cashless society, better be careful what they wish for. I can see the advantages of it, but there are many dangers and disadvantages too. It would probably be best to always have access to both

Whats wrong ? 20 years ago i could go food shopping and spend 100 dollars n bring home six bags of groceries, today 100 dollars gets you only two bags.

I abandoned cash for card or google pay, but now Im going back to cash when I realized how dangerous it is for my privacy

Cash provides privacy, something digital can never give you.

We should never consider going all digital. No matter how much you think you have, you might as well have nothing at all considering the amount of control you will have over it when the government steps in.

We had the "system" go down in Houston after the Harvey hurricane. On the west side of the city there was no ATM working, no cell phone working, no internet working, all banks closed. If you didn't have cash on hand YOU WERE SCREWED! This lasted over 2 weeks in some areas. Electronic is OK but cash still must be present.

I love using cash. Why fix something that isn't broken. Using cards all the time is just making Visa, Mastercard, Discover, American Express, etc. all the more richer than they already are and to no benefit to a consumer like me.

It’s still best to pay with cash, because when you pay with cash it can be painful and I find myself spending less with cash.

Honestly started keeping cash on hand. I don’t even spend it faster. It sits in my wallet and just keeps adding up over time. PRIVACY is definitely key. Can’t allow the government to know everything.

If the dollar bill is phased out, the $5 will become the most popular to use. People will just keep all their coins in a jar, convert it into bills at the bank, and never really spend it. Also, coins are heavy to lug around, so people won't do it. When I travel in Europe, I hate lugging around a pouch of coins, and the euro coins molded in different nations look different, and it is harder to identify them at a glance. Higher notes also promote the idea of inflation. For instance, if the $5 note becomes the smallest traded bill, that helps to promote the idea that the cheapest things to purchase in society should be $5.

You should NEVER get rid of cash.

As someone who loves technology and am fascinated by it, dont go cashless! Just remember, electronic = trackable

Eliminating cash will only serve to hurt the poor when every penny counts. Plus they don't always have access to banking, especially since they require proof you have a _physical_ address. I've had that problem, myself. I'm not the one who pays the utilities, and all mail comes to a Post Office box.

We should fight with teeth and nails a government digital currency. If money gets digitalized there will be no freedom for us the people.

As a 50 year old Canadian who's lived with and worked with all types of currency over the years I will tell you that polymer bills don't last as long as paper bills in spite of what you're told. A tiny tear in them spreads instantly, ruining the note. I can also tell you that if you get rid of pennies you will not miss them whatsoever.

I use cash as much as possible. Any "cashless" establishment loses me as a customer. Plus the credit surcharges hurt customers and small businesses alike!

Credit card fees hurt small business, or costs passed to consumers when possible. This needs to end or be drastically reduced in my opinion.

I always found that there was a definite difference in my own willingness to spend money based on whether I was paying with my card or having to hand over cash. I was far more willing to spend when I used a credit card. I held on to my money harder than an arthritic lobster when i had to pay with cash. When Canada introduced the one dollar coin back in the eighties, the industry that objected the most was operators of vending machines, who complained constantly about the cost of modifications to their equipment. They suffered a forty-five percent INCREASE in sales in the first year. They didn't complain much when the 2 dollar coin was introduced, and they saw another big increase in business.

This year has proven challenging, marked by losses from failed banks, real estate downturns, a struggling economy, and setbacks in stocks and dividends. It seems like everything has been going wrong, making it a particularly tough period.

Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

Having money in physical form is a powerful, educational tool. Heard a story where a guy replaced the cash in his Monopoly set with the real thing. His kids' game play was quite different from when they played with the Monopoly money. There is a stark difference in spending habits compared to kids who have never seen actual money.

It's important to keep cash on hand in case you're low on funds. Plus, it feels more tangible and manageable.

Funny but my teenage daughter finds the "pain" aspect of using her debit card and watching her balance shrink more painful than paying cash and tends to more easily spend with cash where I'm(Gen X) just the opposite. Just a generational thing.

We experienced the peak of our era, and now it is gone. Recession is tanking everything including 401K. My retirement equities portfolio of $750K is in the reds. I keep losing because of inflation. This world will fall to the corrupt rulers in the same way that Rome did. I'm sorry if you're thinking about retiring and you're worried that your pension won't be enough to meet the rising cost of living. Horrible foreign policies everywhere, bad regulatory policy, bad fiscal policy, and bad energy policy.

Cash is common in Australia to avoid 10% GST. I recently had a job done which cost $1900. Because he accepted cash with no receipt, I saved $190. The business also saves on income tax afterwards.

Back in college in the 90s I needed to buy a train ticket and only had a $20 the machine gave me all Suzanne B Anthony dollar coins. It was a real pain carrying a pocket full of these coins all day.

The problem with dollar coins is carrying them is a pain. Bills are light and easy to fold

Cash is perfect. You can never convince me otherwise

Governments and Banks have shown to be shady on quite a few occasions to basically give them about 0 trust. Ofc you could also blow up the value of cash but there is no middle man when you hand over someone a dollar bill

Cash needs to stick around. It will massively help with the government not tracking you, not being able to take it from you, and if electricity goes out, you'll still have some sweet bills to help you out.

There is NO problem with cash, the problem is PLASTIC!

about 10 years ago I was happy to use my "plastic" everywhere I go or shop. 2 years ago I start getting cash from ATM and now I only pay with cash almost everywhere. Some (like my mechanic) even give me discount when I pay cash instead of CC or DC.

The $100 bill will always be a $100 bill. In digital payments, the $100 become less with every transaction fee.

No, we do NOT need digital currency. They just need to find a way to get the cost of mint and print down without lower the quality of the currency product.

Due to inflation, physical currency has become more ponderous. The simple solutions are: 1. Get rid of the $1 note. Go to a $1 coin. 2. Get rid of the penny and nickel. Every transaction should be a minimum of $0.1 3. Reintroduce the $1000 note.

Using cash makes you aware of the money you actually have so you know you only have x amount of money to spend for whatever goods you want. Electronic payments and cards are too easy to use and you'll end up spending more. And if you aren't paying your balances off every month then you are hit with interest charges so the cost of our purchases will be even more.

I like using cash. The new polymer notes in Canada took some getting use to, but we seem to have accepted the transition. At first, the polymer notes tend to stick together when brand new, so you might pay more than you intended. As they break in, though, over time there is less trouble separating them. As for the coins, the loonie ($1) and the toonie ($2), it makes sense that they became coins with the gradual depreciation in value. Heck, we got rid of the penny in Canada because it's worthless. It cost more to produce the penny than it's worth. One day, the nickel will probably go, too.

"we should have dollar coins instead of paper notes" is the stupidest thing I've ever heard.

Thank goodness Americans are more autonomous and individualistic. The dollar coins only benefit the government and not U.S. residents.

If an establishment goes cashless around where I live, I simply stop going to said establishment. Never went back to Bartaco for that reason.

I agree with what the guy said at the end. Cash is easier to manage you don't have to worry about overdraft fees. You use your card only if you don't have enough cash. Then you're aware of how much you can spend.

Vegas bartender here.... I think I speak for all tip earners "cash is king"...

The US discontinued the half cent when it's value fell below what is about the value of a modern quarter today. I think we should discontinue the penny and nickel and round all prices to the nearest 10¢

A few things I want to say about this: 1. Having a $1 note is very useful because it means that I only have to carry a wallet in my pocket, instead of a wallet + coins. (If I get coins as change, then they go into my car's center console.) Having to pay for the smallest purchases with $5 notes means that I will be receiving $1 coins back most of the time, which would result in large amounts of money piling up in my car over time, putting me at risk of burglary unless I go through the hassle of converting all of my $1 coins back to $5 notes very often. (I hate trying to pay for things with exact change.) 2. The cost of actually making the coins and notes may be covered through seigniorage. In any case, something on the order of hundreds of millions of dollars is a "drop in the bucket," and a small price to pay to keep the economy lubricated at the lowest levels. 3. Getting rid of cash entirely would be an abysmal idea, because it would make small-scale trade difficult or even impossible, especially in rural areas without internet or phone service, or if the power goes out, which it often does where I live. 4. If they bring back the $500 note, then I would make copious use of it when travelling. (The $100's are fine, though.) 5. In short, remember the colloquial proverb, "If it ain't broke, don't fix it." And it ain't broke.

Tangible or physical currency is needed. Digital is convenient for our lifestyles ‘now’, but if there is a catastrophic power failure, there would only be physical currency or bartering to keep some sort of economy going.

Younger generations rely too much on cell phone payment apps. Eventually there won't be justification for FED to continue printing physical notes. By then, privacy will be gone and the youngest generations will regret not using cash.

Nailed it about using cash for a hair cut as small businesses are hit with credit card fees so cash is preferable for them.

Physical currency will always be needed to some degree. Is nice to use digital for simple things at times. But I enjoy using cash.

The level of honesty about US Cash being the NUMBER ONE currency used for money laundering tax evasion and anonymous transactions was mind blowing.

Yep, last time I paid for something in cash was over a year ago, only because the card reader was broken 😂

I started going back to using paper money all the time now. An all digital pay system is costing far too much in transaction fees.

Every time I swipe my card, the credit card company gets their 2-3% cut. The $20 bill I pay with will always be worth $20. No wonder the CC companies are so well off.

100 usd notes are very helpful in foreign countries, as the exchange rate is always better than local currency. Sometimes we cant trust credit or debit card as hotels dont accept or ask steep transaction charges. We went to Thailand and nepal and saw indian currency has very poor exchange rate. So we used usd exchanged from inr in India to get better value of indian money.

Cash is King! It protects the poor and vulnerable and anyone who values protecting thier privacy and safety.

Actually the real problem with digital is that it makes it really easy for the government to ration goods/services. If the government doesn't want to sell you something and all you have is a digital payment, then you can not get that thing. Period.

The only problem with cash is that it threatens government overreach. It cant be tracked so they dont know what you are buying.

I see NO PROBLEM with cash. You can basically go off the radar when you use cash and pay with cash. It's not "tied to your name" and governments can't just SEIZE IT or GARNISH IT if it's not sitting in a bank account, and companies/corporations can't trace your "spending habits" by seeing what you're buying and what you're doing with it. Free societies STILL need cash. The only thing "wrong" with cash is when it's NOT SITTING IN A BANK ACCOUNT in the eyes of corporations and the government, this is not ideal since they want to fully MONITOR your money and see what you're doing with it, HOW MUCH you HAVE of it and not to mention TAX it[!!!]

The day physical currency ceases to exist is the day that you no longer own anything.

Look what happened in Canada. Never rely on digital currency.

I use cash everyday and I will always use cash.

Excellent programming. I use credit card for just about everything. I have a jar of quarters for parking meters, but I am a musician, and often I have street gigs or lessons that pay in cash, And it's fun to use, especially for tipping, etc.

Love these types of videos

Сash money is the only way to own your money.

I use both cash and card for everyday purchases. And there's some I don't trust with a card so I pay cash, like gas station pumps and restaurants. But I also use personal checks for bills that change every cycle or the big ones (utilities, mortgage, etc) and auto-draft for bills that don't change (cell phone, auto insurance, etc). So I'm a mix of everything.

THANK YOU. Finally people are seeing it my way.

Cash = Freedom. Keep it around forever

Cash is a great tool dont fix it if is not broken

*”And we would like to give a special thanks to the Internal Revenue Service for sponsoring this video”*

Physical cash should always remain in some capacity. As far as coins: they should go. If we keep any coin, it should be quarters. Outside of that, all other coins are useless. I never accept coins change because it will get lost. I am not going to wait around to ensure I have enough to deposit them in the bank. I end up saving more money with digital currency because I will loose the loose change or give it to the store since I don’t want coins.

Cash will always be necessary to maintain your freedom. You never know when the government is going to freeze your bank account for something you donated to.

Coins are almost useless now because for a long time you could buy something like a candy bar or a gallon of gas for 25 or 30 cents but now you can't buy anything with less than a dollar plus tax. So whenever I get coins back as change they just collect in a cup holder or a jar until they get to a coinstar and are exchanged for whole dollars.

Anyone who has ever been in a jam or a rush knows the power of cash. Paying with cash tends to get you bumped to the front of the line if the business accepts it.

Another thing that wasnt mentioned is that in Canada they eliminated the penny and now transactions are rounded up or down the the nearest nickle. There is another savings that could be done in the US. I hate all the stupid pennies that are still being passed around.

I use cash for tipping, at cash-only locations, places that charge more for using a card, and quarters for the laundromat. I also keep some cash around for vending machines and parking

Cash is King. Period

The US dollar is the world's most trusted brand. Be cautious about making changes to this iconic currency.

As soon as a cashless society happens the government owns you.

I was a grocery store manager back in the late 80's early 90's. Atm cards only worked at the banks atm. Every transaction was check or cash. 😮😮 The store has soooo many bad checks it had to collect themselves.

We Need $500 Bills And $1000 Bills

Don't fix it, if it's not broken. Electronic cash is dangerous because you don't own it, if it's in the bank. The feel of the US currency is very important, people like how it feels.

One of the main problem seem to be the surcharge in percentage rather than a fixed amount. In my country (Iceland) it's a fixed amount for debit cards (from 0 to 0.08 dollars) paying bills with a QR code is something I've never seen, everyone uses an internet bank or a phone app fore something like that.

Wow...I just saw the old Philippine 5 Peso bill.

Essentially I believe it comes down to options which means control ultimately. To have and use many options is ideal but once you only have one you really have zero. Two options isnt much better. Minimum three. Self custody physical assets is what they want to do away with. Private, secure, and the most reliable. Digital is fast, convenient and far reaching. Physical: coins, jewelry, watches, cash. Digital: crypto, bank/market accounts

pretty soon dollar bills will be as useful as pennys are today.

All the small merchants I go to prefer cash because cards have a signifant surcharge eating into their already thin margins. I tried to buy sausage on a stick the other day for $8 and the guy was charging an extra dollar if I used a card. I was lucky to have some spare notes in my wallet. That's when I realized that while my cards are convenient, I always need a backup.

One other problem is that some foreign countries like in South America, are counterfeiting US notes that are practically undetectable from the genuine notes!!

Electronic currency leaves you vulnerable to being debanked for political reasons. Think of all the people who had PayPal accounts terminated for BS reasons. Cash doesn't carry those risks.