{"id":181343,"date":"2018-12-31T07:02:53","date_gmt":"2018-12-31T07:02:53","guid":{"rendered":"http:\/\/www.thetruthseeker.co.uk\/?p=181343"},"modified":"2019-01-03T05:14:09","modified_gmt":"2019-01-03T05:14:09","slug":"retailers-rejecting-customers-cash-as-more-ban-paper-money","status":"publish","type":"post","link":"https:\/\/www.thetruthseeker.co.uk\/?p=181343","title":{"rendered":"Retailers Rejecting Customers\u2019 Cash As More Ban Paper Money"},"content":{"rendered":"

Zero Hedge<\/a> \u2013 via Infowars Dec 30, 2018<\/h1>\n

\"dees<\/a><\/p>\n

\u201cYour cash is not wanted here\u201d, a growing number of retailers and restaurants throughout the US and UK are telling customers. But are reasons being given by companies for the new \u201ccashless\u201d approach \u2014 speed, efficiency, and the safety of store employees \u2014 valid enough to require something as utterly and downright unAmerican as rejecting cash? <\/strong><\/span><\/p>\n

We think not, and unfortunately the trend of \u201ccash not welcome here\u201d establishments is growing, to the point that lawmakers are beginning to take note and could introduce legislation barring the practice, as Massachusetts has done already, and as the New Jersey State House could be set to do next. According to a Federal Reserve survey conducted in 2017 cited in The Wall Street Journal, cash represented 30% of all transactions in America, with 55% of those being under $10.<\/span><\/p>\n

Regardless of Americans\u2019 longtime preference for plastic in most transactions, many of which take place online, research by the Federal Reserve found that cash is still king in terms of Americans\u2019 daily lives and usage, and as the study concluded further, this remains true across all income levels<\/a><\/strong><\/span>:<\/span><\/p>\n

Not only is cash used frequently for small value and in-person purchases, it is also used by a wide array of consumers.<\/strong> The data on cash use by household income provides two main insights. First, consumers make\u2014on average\u201414 cash transactions per month, regardless of household income. It is also noteworthy that cash was the most, or second most, used payment instrument regardless of household income, indicating that its value to consumers as a payment instrument was not limited to lower income households that may be less likely to have access to an account at a financial institution<\/strong>.<\/span><\/p>\n

But this reality is now pushing up against the new trend of the cashless restaurant, bar and retailer, and creating awkward and frustrating situations for consumers, as a new Wall Street Journal <\/em>piece chronicles. In one scenario, a customer had to intervene on another\u2019s behalf and play personal bank for a \u201ccard only\u201d salon<\/strong>, even though there was plenty of cash on hand offered by the woman who couldn\u2019t pay. Ironically, as the WSJ story notes, this created an \u201cemergency\u201d<\/a><\/strong><\/span>:<\/span><\/p>\n

Sam Schreiber was mid-shampoo at a Drybar blow-dry salon in Los Angeles when someone from the front deskapproached her stylist with an emergency: a woman was trying to pay for her blow-out with cash<\/strong>.<\/span><\/p>\n

\u201cThere was this beat of silence,\u201d says Ms. Schreiber, 33 years old. \u201cShe literally brought $40.\u201d<\/strong><\/span><\/p>\n

More and more businesses like Drybar don\u2019t want your money\u2014the paper kind<\/a> <\/strong><\/span>at least. It\u2019s making things awkward for those who come ill prepared. After all, you can\u2019t give back a hairdo, an already dressed salad or the two beers you already drank.<\/span><\/p>\n

And in another situation where someone simply wanted to order a salad, but was refused upon presenting $20 cash, the rejected customer slammed the policy that created the whole awkward situation as elitist. The customer recounted for the WSJ<\/strong><\/span><\/a>:<\/span><\/p>\n

Jaclyn Benton, 30, visited a Sweetgreen near her office in Reston, Va., last summer with $20 cash, but no credit or debit card because she had forgotten her wallet at home. When her order was ready and she went to pay, the cashier explained that the restaurant doesn\u2019t take bills.<\/span><\/p>\n

\u201cIt\u2019s almost like when your credit card gets declined for silly reasons,\u201d says Ms. Benton, who works as an event planner. \u201cIt makes you feel like you can\u2019t afford it even though I had the money right there.\u201d<\/strong><\/span><\/p>\n

Ms. Benton has no plans to go back: \u201cIt feels very elitist,\u201d<\/strong> she says.<\/span><\/p>\n

A Sweetgreen spokeswoman said its decision makes its team members safer amid the risk of robbery and improves the cleanliness and efficiency of the restaurants.<\/span><\/p>\n

Another anecdote involved a 51-year old women left feeling humiliated at a Manhattan restaurant. Though the eatery proudly advertises that its food comes from<\/a><\/strong><\/span> \u201cfrom farmers and partners as close to home as possible,\u201d it apparently rejects your local cash.<\/span><\/p>\n

Again, another customer had to intervene as essentially an impromptu bank after a deeply \u201cawkward\u201d situation, per the WSJ:<\/span><\/p>\n

\u201cWe went into one of those stores where they sell Lotto tickets and I got change and I gave her the money,\u201d says Ms. Linbourne, who lives in Hasbrouck Heights, N.J., and works for a construction-management company. \u201cI was so embarrassed.\u201d<\/strong><\/span><\/p>\n

A Dig Inn spokeswoman responded by saying the credit\/debit card only policy \u201cmakes for a faster experience for customers and for employees, who don\u2019t have to count cash or make runs to the bank.\u201d Though we should note this only puts the burden on the customers themselves, as their \u201coptions\u201d are then extremely limited.<\/span><\/p>\n

And as the WSJ report points out, consider that on every US bill the following words appear: \u201cThis note is legal tender for all debts, public and private.\u201d<\/strong> However, currently there\u2019s no federal law stipulating that business have to accept cash when offered, though likely no body of lawmakers prior to the modern advent of payment by plastic could have ever envisioned such a dilemma as cash being banned by stores.<\/span><\/p>\n

But this is getting noticed by local and state governments: \u201cNew York City Councilman Ritchie Torres of the Bronx recently proposed legislation that would prohibit retailers and restaurants from refusing cash, and city council members in Washington, D.C., and Philadelphia have proposed similar legislation,\u201d according to the WSJ. Councilman Torres said \u201cI refuse to patronize businesses that reject cash payments, even though I primarily use debit or credit.\u201d<\/strong> He explained the practice is \u201cdiscriminatory against the undocumented, people without bank accounts and credit cards, and those who wish to have their transactions be more private\u201d \u2014 <\/em>all of which can create an unnecessary and \u201chumiliating situation.\u201d<\/span><\/p>\n

Increasingly, it creates situations where a patron simply can\u2019t complete the transaction or make a purchase. This could most impact the young and lower income homes which are limited in terms of local bank and checking\/debit card account access<\/a><\/strong><\/span>:<\/span><\/p>\n

Another demographic that often only has cash? Minors.<\/strong> Connie Young, who lives in Walnut Creek, Calif., says that in February, her 17-year-old son got excited when he learned a book he wanted was in stock at the local Amazon Books<\/a><\/strong><\/span>.<\/span><\/p>\n

But her son returned home empty handed. When he told her the store didn\u2019t take cash, she assumed there must have been a power outage and that the register was down, before he explained it was the policy.<\/strong> \u201cI laughed. I was, like, you\u2019re kidding,\u201d says Ms. Young, 57. \u201cI was just stunned.\u201d<\/strong><\/span><\/p>\n

Though we are unlikely to ever reach a totally cashless society, the disturbing trend does bring up interesting questions of privacy and transacting \u201coff the grid\u201d\u2026 likely those advocating for a \u201cno cash\u201d future will be the same ones pushing for greater surveillance power of the state, as is quickly happening right now in places like China, where its Orwellian \u2018Social Credit System\u2019<\/a><\/strong><\/span> seeks to abolish any and all private transactions altogether.<\/span><\/p>\n

Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The elite want a cashless society as it gives more powers of surveillance and control. As in no one will be allowed to buy or sell unless he has the \u201cMark of the Beast\u201d <\/p>\n","protected":false},"author":39262,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[58,26],"tags":[],"class_list":["post-181343","post","type-post","status-publish","format-standard","hentry","category-Current_Affairs","category-Predictions_from_the_past_or_for_the_future"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/181343","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/users\/39262"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=181343"}],"version-history":[{"count":3,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/181343\/revisions"}],"predecessor-version":[{"id":181376,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/181343\/revisions\/181376"}],"wp:attachment":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=181343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=181343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=181343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}