Fri. Jul 10th, 2020

16 thoughts on “Dirty money

  1. That is not a goal, That is a strategy to control the counterfeiting of currency. Each country has its own economic system and monetary policy. A US dollar has the same value whether its 100 pennies, twenty nichols, ten dimes or four quarters or done electronically by credit or debit card. Stop believing in conspiracy theories. A MIND IS A TERRIBLE THING TO WASTE.

  2. no, it is a way to control the taxpayer, they want to know where you buy, where you drink, where you travel and even who you sleep with

  3. The government can already get info to use in its investigation of criminal activities. Name the agency that has the capacity to investigate the money trail of every US citizen? Most of that info is already accessible “if needed”.
    I, like most people, pay bills with checks or make payments on line. I receive payments through automatic deposits. So, electronic money transactions is already being used. Its for convenience not for assisting the government’s spying activities. That would require a lot more agents and equipment than you can imagine. I worked in Federal Law Enforcement. One investigation can tie up a team of well trained agents. At between 50k and 100k per year salary, how would it be feasible to just spy on everyone?
    You sound a little paranoid

  4. One other question I have for you. Who wants to know these things about you and why? You mentioned “control”. People are doing all the things you mentioned, so how are they being controlled? Maybe you don’t know that US citizens guard their freedom fiercely. We elect our sheriffs and police chiefs and get rid of them if they become tyrants.
    If you knew the procedures that officers must follow to make an investigation legal, then you would step back and think about this again.
    That being said, yes there is corruption and racism. But it is not just done randomly. Our system Is still the best in the world.

  5. Thanks for that info Frank. I guess Germans are inherently a little suspicious of the government. I don’t know what it cost the German government to make coins. But in the US, the copper penny is actually worth more than a penny when used to make products.
    My daughter has a Master’s degree in Human Resources. Yet she still rides around with cash paying bills in person and spending her money on gasoline and wear and tear on her vehicle. She has a checking account and has to pay her big bills such as mortgage through the mail.
    My degree is in Accounting. I am always cost conscience. So I look at the cost of a stamp and the cost of a check to make a payment by mail. That is always cheaper and less inconvenient.
    I don’t fear the government, but I do recognize the incompetence of it with a total moron like Trump as president.

  6. Being a citizen of Spain, I have no right to criticize the American model, nor do I want to, I admire your way of life, but I ask you: is it true that you choose? Certainly what happens is that you are presented with candidates and you think you choose freely. Why are they watching us? When the herd rebels, situations can occur that politicians and money do not like. How do they watch us? we are so inconceivable that we give them a camera and a microphone on our phones, smart? permits to investigate? you tell me that you live under the FBI, CIA and God knows what organizations are behind the scenes, they don’t need permits!

  7. “Cash is king” is an age-old saying. For much of Germany, however, the phrase is still up to date.

    When in Berlin, do not count on getting around easily with just a credit card. “Cash Only” signs hang on front doors of shops and restaurants across the city.

    This may be surprising to some. After all, Germany is Europe’s leading economy and famous for technological know-how. But, even while some of its neighbors in Europe and elsewhere are quickly swapping physical money for new pay technologies, many Germans prefer their euro bills. Cash is quick and easy to use, they argue. It provides a clear picture of personal spending, keeps transactions more private and is widely accepted in the country.

    “I usually pay cash. This way I have the feeling of keeping track of the money I spend,” says Madeleine Petry, 29, as she shops at a supermarket in Berlin. “Sometimes when I couldn’t make it to the ATM, I use my debit card in the store, but I never use my credit card for shopping in the real world — just for online shopping.”

    She is not the only one with this mindset.

    A 2017 study by the country’s central bank, Deutsche Bundesbank, said Germans carried an average of 107 euros (over $115 at the 2017 exchange rate) in their wallet. That’s more than three times what the average French person carries (32 euros), according to the European Central Bank. It is also far more than what Americans carry. Three-quarters of respondents in a U.S. Bank survey said they carried less than $50 — and one-quarter said they keep $10 or less in their wallet.

    That’s not to say that Germans rule out other modern payment methods. In 2018, for the first time, Germans used plastic for payments more than bills. According to a report by the EHI Retail Institute in Cologne, 48.6% of sales took place with a debit or credit card, compared with 48.3% in cash.

    Still, Germany has one of the highest rates of cash use in the European Union. “The most important reasons for the intimate relationship of Germans to cash are their needs for protection of personal data, security and confidentiality of payments and for simple, universal usability,” says Doris Neuberger, head of the money and credit department at Germany’s University of Rostock.

    Since the common currency was introduced in 2002, the Bundesbank has issued more euros than the bloc’s other members combined, according to a Bloomberg report.

    As of the end of March, Germany’s central bank had issued 692 billion euros in banknotes. “Approximately a third of this number remains in Germany, whereas only 10% are used in everyday transactions, 20% goes into domestic hoarding and an estimated 70% are used outside Germany,” explains a spokesperson of the Deutsche Bundesbank.

    Hoarding cash at home is another national specialty.

    “In recent years, the trend has shifted toward hoarding money on current accounts. The Germans are also ahead of the rest of Europe in this respect,” says Agnieszka Gehringer, associate professor of international economics at the University of Göttingen.

    “By holding cash, I have something tangible in [my] hand that gives me more security than something intangible, like electronic money,” she says.

    There are also historical reasons for Germans’ passion for hard cash. “We know that for many, mostly elderly people in Western Germany, the [former currency] deutschemark … was a synonym for the Wirtschaftswunder, i.e. the economic boom experienced in the reconstruction phase after World War II. This seems to be connected to the building of a new democratic state, peace and freedom,” explains Oliver Serfling, associate professor of economic policy and development at the Rhine-Waal University of Applied Sciences.

    For people in the eastern part of the country, he says, money was a symbol for the end of the socialist economy of scarcity, for participating in the well-being of the West and the reunification of Germany. “This might have created a heartfelt relationship of the Germans with their money,” Serfling says. “Many Germans struggled already with the introduction of the euro coins and banknotes in 2002. But to switch now to face- and soulless smartcards, NFC tags or simply swiping the smartphone might feel to many like a miserable divorce.” (NFC stands for near-field communication, which enables mobile devices to communicate with payment systems with a tap.)

    There is a common German saying, “nur bares ist wahres,” which means “only cash is true.” Reining it in is unthinkable for most Germans. Last year, a plan by the German finance minister to cap cash payments at 5,000 euros was canceled partly because of the public backlash.

    Politicians’ and economists’ calls to put limits on cash are often framed as a way to combat tax evasion, money laundering and other criminal activity. But while some countries, such as Sweden, are on their way to going cashless, Germans widely oppose this.

    Serfling conducted an online survey in 2017 about national attitudes about eliminating cash payments. “We received a yelling 90% rejection to abolishing cash payments and this across nearly any substrata of the population,” he says.

    For Neuberger, the University of Rostock professor, banning anonymous payments would let the government access more information of citizens than the constitution allows. “It would touch on the foundations of a free and participatory society for all members and violates the fundamental right to informational self-determination,” she says.

    In 2017, Germany passed a law requiring proof of identity to pay more than 10,000 euros ($11,341 at the rate as of publication) in cash. There is an ongoing debate about whether it will help authorities fight money laundering and criminal financing.

    Even with Germans’ reluctance to give up physical money, analysts do see potential for change in new generations. When Gehringer asked her university students, around 80% said they frequently make electronic payments.

    Change may happen. But the average German’s need for security, Gehringer says, will be sure to slow the process.

    https://www.npr.org/2019/06/09/728323278/for-many-germans-cash-is-still-king?t=1585270904888

  8. Maybe its wise to question everything. But it is not wise or efficient to investigate everybody or everything. There are laws pertaining to investigation. It took two years to complete the investigation of Donald “the lying king” Trump. That investigation was done by the Republicans. It probably cost millions of dollars.
    You said that the government could use a money trail to spy on people. My question is why everyone? They already use the money trail to spy on selected subjects. To make it legal there must be “probable cause”, In other words, there must be a valid reason for doing it. When you say the government wants to control all aspects of our lives. There is no mechanism to accomplish that. Running quarries on random individuals doesn’t pass the first test of probable cause, It is also known as browsing, which is illegal. In most cases, it would net you nothing. Consider this. Most agents have a backlog of real cases to complete. An investigation consist of much more than searching data bases. It also includes interviewing witnesses. There are laws governing every procedure. Most agents work 16 – 20 hours overtime every week. It is not an easy task and requires years of training and experience.
    There is all kinds of information available on the sex lives and spending habits of the average person and it means nothing.
    If you believe in secret government agencies. Then I would ask “what for?” Our intelligence services cover everything TO KEEP US FREE AND SAFE.

  9. not only gov. privacy is somehow holy here. when i pay with card in a supermarket the company knows part of my behavour and could also sell these datas. this bears for example the question who is the rightfully owner of this data and allowed to trade it and so on. according to the german understanding its the person and not the company. and so on and so forth. ie google streetview had to ask every german houseowner wether he allowed google to publish the picture of the house. effect, half of my street is pixeled on google streetview.^^ simple because its of nones business.
    now forbidden but allowed was until some years ago to buy special bonds physically. and one stored in the safe deposit box. one time per year one could removed from it a coupon with a scissor and got the interests payed out from the bank clerk directly. was taxfree because not tranceable.^^

    when i say to someone who work at my house “i dont need a bill” the he will remove the 18% vat and i pay per cash.

    now the eu wants to remove all 1 and 2 cent pieces. but how will older people that cant see anymore so good then be able to pay in supermarkets.^^

    gasoline stations in france close at 6 PM and from then on one can pay for gasoline only with card. was a strange experience for me when i arrived after 6 pm at a french gasoline station the pockets full with cash but not beeing able to buy gasoline.

    online i pay for example with paypal because its fast. but i never feel really safe with it. to easy to hack and so on.

    this all must not be reasonable but germans are simple so.^^

  10. How to explain that there is no reason or need but it is done? How do you explain that the United States tapped Angela Merkel’s phone? I explain, a contract from the European Aviation Consortium was suspended because the data of the big brother was used so that Boeing get, the should not is not the same as can and is done

  11. I said that certain things were “REQUIRED” before a legal investigation is initiated. First there must be probable cause. You couldn’t possible know what that was in the cases you mentioned. How do you know about these cases? Do you know these people? If they are well known, that in itself could be probable cause. At any rate, in the US, if someone is investigated without probable cause. It simply won’t result in a trial or charge. Just as questioning a suspect without reading them their rights, is illegal. A wire tap must be ordered by a judge to be legal.
    Are illegal things done? Yes, of course. My point is that we are protected from illegal searches by the constitution.

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