{"id":45860,"date":"2019-05-01T11:28:24","date_gmt":"2019-05-01T16:28:24","guid":{"rendered":"https:\/\/olduvai.ca\/?p=45860"},"modified":"2019-05-01T11:28:26","modified_gmt":"2019-05-01T16:28:26","slug":"the-frontlines-in-the-war-on-cash","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=45860","title":{"rendered":"The Frontlines in the War on Cash"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/internationalman.com\/articles\/the-frontlines-in-the-war-on-cash\/\">The Frontlines in the War on Cash<\/a><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/internationalman.com\/articles\/the-frontlines-in-the-war-on-cash\/\"><img decoding=\"async\" src=\"https:\/\/internationalman.com\/wp-content\/uploads\/2019\/04\/cash-ammo.jpg\" alt=\"\"\/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Let\u2019s face it, many forces are pushing for the abolition of \u2013 or at least serious restrictions on \u2013 cash.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Many businesses hate cash, because cash transactions take longer to process, and large quantities of cash pose a security risk. If you travel by air, you\u2019ve experienced this first-hand. \u201cCashless cabins\u201d are the rule for most airlines. You must purchase every glass of wine, cheese dip, or package of mixed nuts with a credit or debit card.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In Atlanta, you can\u2019t even buy a hot dog at a pro football or soccer game with cash. In March, the operators of Mercedes-Benz Stadium, home of the Atlanta Falcons and Atlanta United, announced it would no longer accept cash at food and beverage concession stands.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Credit card companies hate cash too. And for obvious reasons \u2013 they get a cut of every purchase through the fees they charge businesses. So it\u2019s no surprise that in 2017, Visa announced its \u201cCashless Challenge\u201d and gave $10,000 to 50 small businesses that stopped accepting cash payments.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Big brother hates cash, too. For decades, governments around the globe have engaged in a War on Cash. The original justification for this war was to fight racketeering. The War on Cash then morphed into the War on Drugs, the War on Money Laundering, and subsequently, the War on Terror.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Numerous countries have placed severe limits on how much cash you can spend at one time.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Spain and France have banned cash transactions over \u20ac1,000. If you want to spend more than that, you must use a debit card, credit card, a non-transferrable check, or pay by bank transfer. In Italy, where the cash limit is \u20ac3,000, violations are punished by confiscation of up to 40% of the amount paid. In Spain, you lose \u201conly\u201d 25% of your cash if you violate the rules. Similar restrictions are in place in most EU countries. Later this year, Australia will ban cash transactions larger than AU$10,000 (about US$7,500).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&nbsp;\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Frontlines in the War on Cash Let\u2019s face it, many forces are pushing for the abolition of \u2013 or at least serious restrictions on \u2013 cash. Many businesses hate cash, because cash transactions take longer to process, and large quantities of cash pose a security risk. If you travel by air, you\u2019ve experienced this [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,6],"tags":[6228,25775,4927],"class_list":["post-45860","post","type-post","status-publish","format-standard","hentry","category-economics","category-liberty","tag-international-man","tag-mark-nestmann","tag-war-on-cash"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/45860","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=45860"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/45860\/revisions"}],"predecessor-version":[{"id":45861,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/45860\/revisions\/45861"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=45860"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=45860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}