2005-08-18 19:14:56 UTC
I've noticed a lot of businesses out there won't take the old $100 bills, or
even $50 bills.
Are they nuts?
They lose more to in-store theft than they would through the occasional
rubber $50 bill.
Counterfeit money is rare. So rare in fact, 0.008 % of the currency in
circulation has been deemed counterfeit.
That is PEANUTS!
*Completely* acceptable business losses.
Ask any business owner if they'd like to have that rate of loss due to theft
in their business. If theft were that low there'd be no need for any store
Seeing as how counterfeit money is such a non-issue, then why is it being
made an issue - continually.
Create a perceived threat to offer a solution. We'll continually hear more
about the counterfeit currency 'problem', sandwiched between how bad I.D.
My guess is that the next spin on counterfeiting will be that the
"terrorists" are using counterfeit money to fund their cause.
Oooooooooo... those evil terrorists.
The solution to I.D. theft and counterfeiting? An implantable microchip
containing all your personal and financial information of course, mingled
with layer upon layer of biometrics protocols wired into a centralized
system. Think of it as a credit card under your skin - "for your safety!".
In this cashless microchipped world, if you aren't a "good boy" someone in
the central collective shuts off your ability to live your life. All at the
flick of a switch. No food, no travel... a virtual blacklist wherever you
go. Owe on your parking tickets? Then you can't enjoy that hockey game
because they won't let you buy any. How about if you owe on your back taxes?
Think 'Minority Report'.
I have an answer to I.D. theft.
Don't own a credit card.
I don't and never will have one. Why should I practice credit... I have
money with which to pay!!!
If I can't afford something, I don't buy. Simple.
It sure is less convenient sometimes not having a credit card, that is for
sure. But so what. It is a trade-off. Just like there are times when a cell
phone could be useful. But somehow, someway I manage. I am not keen to
holding a mini microwave oven up my head thanks (mind you, widespread cell
phone use could explain the mental defects with some newsgroupies in here) .
I don't have a credit card, but then again I don't have an identity theft
problem either, nor will I ever.
Credit cards didn't exist before the 1950's. How'd folks live their lives
then? Before credit cards showed up, there wasn't the rampant consumer debt
either. Guess who benefits from indebting others, kids?
Cell phones and credit cards are less convenient in the long run.