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Why is cash so demonized?

Old 06-12-2014, 09:37 AM
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Default Why is cash so demonized?

Just watching a TV show where a woman claimed she had 5K stolen from her house, the judge dismissed her case saying that she didn't believe that someone would keep 5K in their home.

I know any number of people that keep a nice chunk of change at home as a back up plan in case banks close, emergency purchase, or just as a comfort thing.

Is it me or are those in power out of touch?
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Old 06-12-2014, 09:44 AM
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no they are not out of touch. The issue with cash when stolen is proof.
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Old 06-12-2014, 09:47 AM
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I have actually asked many times,only partly joking.
"Is cash ok " some places it is actually not accepted.
When renewing my fishing permits for instance.
I don't believe the registry of motor vehicles accepts cash either.
Eventually I don't believe it will be accepted anywhere .
Currency will be all electronic. Much easier for the government to track.
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Old 06-12-2014, 09:50 AM
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Originally Posted by north coast View Post
Eventually I don't believe it will be accepted anywhere .
Currency will be all electronic. Much easier for the government to track.
Well, this is why we wear those cumbersome tin foil hats .
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Old 06-12-2014, 09:55 AM
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Originally Posted by reelyreely View Post
no they are not out of touch. The issue with cash when stolen is proof.
X2
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Old 06-12-2014, 10:03 AM
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Originally Posted by Eastport205 View Post
Well, this is why we wear those cumbersome tin foil hats .
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Old 06-12-2014, 10:05 AM
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Was this a "Judge X" TV show? If so, I agree with the "judge's" findings.
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Old 06-12-2014, 10:07 AM
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Originally Posted by Eastport205 View Post
Well, this is why we wear those cumbersome tin foil hats .
Laugh if you will, but it's not so far fetched. Did you do your taxes this year? Have you noticed all the new questions the IRS now asks you about owning any foreign bank accounts, owning any foreign property? They want their share, even though that money/property may have been completely acquired outside of the United States. Do you know we're the only country in the world to do this? You do know that every > $10k cash transaction must be reported to the government, right, regardless of what you're buying? Rest assured that tracking of anything you spend on the internet or electronically is in the not too distant future. Most likely in the name of "Homeland Security" but ulitimately to make certain the government gets their share of every penny in your possession.

Lots of people keep a cash stash at home. 5k is peanuts. 50 $100 bills, that's all. The judge that would deny this is an asswipe. But, proving you had it is something else. I don't even know how you would go about proving it unless you took pictures of each bill as you added it to the stash that could identify the serial number of that bill, but really, ain't nobody got time for dat!

By the way, I had to switch to a lead helmet. The NSA figured out a resonant frequency for tin foil and they were reading my mind!
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Old 06-12-2014, 10:11 AM
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and Dulcy therein lies the problem. Aint nobody got time for dat. You cant prove you had it and we cant prove someone stole it. Its a sticky issue that those with sticky fingers know all to well.
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Old 06-12-2014, 10:11 AM
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I like to keep a chunk of cash around for emergencies. If nothing else so when a good deal on a boat, gun, chainsaw, etc comes up I don't have to go to a bank or anything. All the good deals on craigslist and such are gone within an hour of posting.
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Old 06-12-2014, 10:12 AM
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Plus, all those bills are filthy. Think of how many dirty hands touched them.
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Old 06-12-2014, 10:13 AM
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Originally Posted by NCummins View Post
I like to keep a chunk of cash around for emergencies. If nothing else so when a good deal on a boat, gun, chainsaw, etc comes up I don't have to go to a bank or anything. All the good deals on craigslist and such are gone within an hour of posting.
what he said, I normally have that much hidden in my truck for good deals and such.
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Old 06-12-2014, 10:20 AM
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Originally Posted by Snakebit1 View Post
what he said, I normally have that much hidden in my truck for good deals and such.
Where'd you say you lived ?
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Old 06-12-2014, 10:29 AM
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I normally have 500 or so in my wallet for stuff that comes up...good deals or such. My wife usually keeps a pretty decent stash in the house. Reasoning is after hurricane Katrina, not too many places were able to or willing to accept cc or checks. Cash was definitely king. Im not that old, but my parents have always taught us don't buy it if you can't pay cash...i took it literally
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Old 06-12-2014, 10:29 AM
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I never ever have cash on me or in my house BUT a few months ago I sold a car and didnt feel like running to the bank to deposit it right away and I have to be honest, It was nice have a nice chunk of change around when I needed it. Matter of fact, I would most likely spend less money if it were in cash as opposed to just swiping the plastic. The only problem is that if it gets stolen from my house it's gone for good.
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Old 06-12-2014, 10:31 AM
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I have that in pesos here...
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Old 06-12-2014, 10:35 AM
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Originally Posted by skibum View Post
I have that in pesos here...
Must be hard trying to hide 5k in pesos in the house. That's got to be about 2 pallets of cash!
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Old 06-12-2014, 10:37 AM
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Homeowner insurance don't cover cash
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Old 06-12-2014, 10:38 AM
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Those businesses that don't accept cash have evidently never been through a disaster where the only usable form of barter is cold hard cash.
Except for large purchases, I pay for everything with cash.
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Old 06-12-2014, 10:41 AM
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Originally Posted by hybrid View Post
I normally have 500 or so in my wallet for stuff that comes up...good deals or such. My wife usually keeps a pretty decent stash in the house. Reasoning is after hurricane Katrina, not too many places were able to or willing to accept cc or checks. Cash was definitely king. Im not that old, but my parents have always taught us don't buy it if you can't pay cash...i took it literally
Learned that Lesson in Andrew. Hard to hit the ATM when it's under 10 feet of rubble, and the power's not coming back on for three months!

I came down to help relatives, had folks in the street (fairly well-to-do homeowners) trying to get me to cash checks or buy items of their jewelry.
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