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Joined: Jan 2009
Posts: 11,544 Likes: 2
Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2009
Posts: 11,544 Likes: 2 |
Typical fireball thread.
Even money trips him up.
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Joined: Jan 2005
Posts: 2,340
Campfire Regular
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Campfire Regular
Joined: Jan 2005
Posts: 2,340 |
10 000 or more cash transactions or deposits all get reported to IRS. they assume it drug money Currency and Foreign Transactions Reporting Act of 1970, I was predicated on terrorism funding, mostly a moot point now with all of the tech available but they sure aren't going to repeal it. And, if any of you guys plan to be extra sneaky and deposit $2000 over 5 days that is actually supposed to be reported too.......
Last edited by 78CJ; 01/07/20.
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Joined: Jun 2003
Posts: 42,620 Likes: 1
Campfire 'Bwana
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Campfire 'Bwana
Joined: Jun 2003
Posts: 42,620 Likes: 1 |
The only issue I have with this is you are losing money, risk losing it in a fire or theft and it is the modus operandi of the underworld. I can see keeping say five grand around for kook purposes, but if you have to, make it metals and you'll be safer and saner... As to what has happened to America, well this isn't the 19th century
A good principle to guide me through life: “This is all I have come to expect, standard lackluster performance. Trust nothing, believe no one and realize it will only get worse…”
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Joined: Nov 2005
Posts: 54,284
Campfire Kahuna
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Campfire Kahuna
Joined: Nov 2005
Posts: 54,284 |
About the safest place most normal people have in their house for this is a gunsafe. Look at some internet pics of gunsafes after a fire and it will convince you to keep about $5 around for an emergency. Be so advised that metals are not very safe either. A local here had a Silver Dollar collection that he found whilst sifting through the ashes after his house fire. They were melted into a silver glob. He had some key dates too...Insurance won't cover much of anything along these lines.
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Joined: Jan 2012
Posts: 67,154 Likes: 35
Campfire Kahuna
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Campfire Kahuna
Joined: Jan 2012
Posts: 67,154 Likes: 35 |
If you do a lot of wheeling and dealing, cash is the only way to do it. There are several local guys here who buy and sell cattle on a daily basis, and I've seen them packing tens of thousands of dollars in cash at a time.
As someone else said, the only drawback to that, is that banks must report cash transactions over $10,000. My main concern about carrying a large amount of cash is that if you get stopped by some cops that see everybody as being guilty of something, you could have it confiscated, and have a devil of a time getting it back. That has been known to happen. Long as you carry that gangster wad in that top zipper chest pouch of your faded Key overalls, all is good. (For around here) Some dribbled tobacco juice down that bib pouch would let em know even more that you’re ‘legit’
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Joined: Nov 2005
Posts: 54,284
Campfire Kahuna
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Campfire Kahuna
Joined: Nov 2005
Posts: 54,284 |
If you do a lot of wheeling and dealing, cash is the only way to do it. There are several local guys here who buy and sell cattle on a daily basis, and I've seen them packing tens of thousands of dollars in cash at a time.
As someone else said, the only drawback to that, is that banks must report cash transactions over $10,000. My main concern about carrying a large amount of cash is that if you get stopped by some cops that see everybody as being guilty of something, you could have it confiscated, and have a devil of a time getting it back. That has been known to happen. Long as you carry that gangster wad in that top zipper chest pouch of your faded Key overalls, all is good. (For around here) Some dribbled tobacco juice down that bib pouch would let em know even more that you’re ‘legit’ lmao This is too true. It don't hurt to wheel around the gunshow in one of them Rascals too. Let them know you're even more legit.
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Joined: Jul 2010
Posts: 8,506 Likes: 3
Campfire Outfitter
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Campfire Outfitter
Joined: Jul 2010
Posts: 8,506 Likes: 3 |
Cash is King.
Try making a deal on high-end items, IE, guns, art, vehicles,etc. without cash.
Cash is King.
Some home buyers have been usurped by cash buyers.
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Joined: Jan 2001
Posts: 59,167 Likes: 2
Campfire Kahuna
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Campfire Kahuna
Joined: Jan 2001
Posts: 59,167 Likes: 2 |
... don't try to use it to (partially) buy a house. It's not accepted.  Now what I need is 25 people to tell me what an idiot I am. Go. Just go to the bank and exchange it for a bank check....
Ex- USN (SS) '66-'69
Pro-Constitution.
LET'S GO BRANDON!!!
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Joined: Jul 2009
Posts: 8,579
Campfire Outfitter
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Campfire Outfitter
Joined: Jul 2009
Posts: 8,579 |
I am 55 years and the world is a diff place
Its sucks I like the old ways
I guess I am getting old
I have taught my Daughter cash is King and she listens to me but the world around her says I am wrong
Yes by today's standards I am wrong
by old school standards I am right on
There is nothing like dealing with a guy and he peels out a wad of green
and nothing like dealing with a guy and you pull a wad of green
Either way is a good feeling it always gets noticed before in a good way now its mixed dam snowfux
Hank
Last edited by boatboy; 01/07/20.
Thank You Lord for another day,Help my Brother along the way
When you mature,you realize hospitals and schools are businesses,and the Beatles were geniuses
Live Like A Champion Today
NRA EndowmentLife Member,My Daughter is also a Life Member
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Joined: Jan 2001
Posts: 59,167 Likes: 2
Campfire Kahuna
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Campfire Kahuna
Joined: Jan 2001
Posts: 59,167 Likes: 2 |
If you do a lot of wheeling and dealing, cash is the only way to do it. There are several local guys here who buy and sell cattle on a daily basis, and I've seen them packing tens of thousands of dollars in cash at a time. True - but cows are not houses..
As someone else said, the only drawback to that, is that banks must report cash transactions over $10,000. My main concern about carrying a large amount of cash is that if you get stopped by some cops that see everybody as being guilty of something, you could have it confiscated, and have a devil of a time getting it back. That has been known to happen. Very, very true.... Definitely something I would NOT be doing..
Ex- USN (SS) '66-'69
Pro-Constitution.
LET'S GO BRANDON!!!
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Joined: Jul 2009
Posts: 8,579
Campfire Outfitter
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Campfire Outfitter
Joined: Jul 2009
Posts: 8,579 |
We are no longer the land of the Brave we are quickly turning into the land of sheep
Hank
Thank You Lord for another day,Help my Brother along the way
When you mature,you realize hospitals and schools are businesses,and the Beatles were geniuses
Live Like A Champion Today
NRA EndowmentLife Member,My Daughter is also a Life Member
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Joined: Jul 2015
Posts: 14,723 Likes: 2
Campfire Outfitter
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Campfire Outfitter
Joined: Jul 2015
Posts: 14,723 Likes: 2 |
I think one should deposit it in a bank.
.....
But also, having it in a bank makes it easier to invested. Uninvested money does not grow beyond what you save. But if I put 2 grand in a Roth IRA and put it in the market, it could be worth double that within ten years without any additional investment on my part. That brings up an interesting point. In the old days when gold and silver was money, a guy could stick his money under a mattress and 10 years later he'd still be able to purchase the same things for the same amounts as 10 years previous. Now, with fiat currency, a guy stuffs it under the mattress and 10 years later he can only buy 1/2 of what he did 10 years earlier. That's the magical tax called "inflation".
Politics is War by Other Means
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Joined: Sep 2011
Posts: 60,913 Likes: 14
Campfire Kahuna
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Campfire Kahuna
Joined: Sep 2011
Posts: 60,913 Likes: 14 |
Where I get in NW Ontario they like cash. The most I ever spent was for an outboard motor in Fort Frances, just over three thousand. I was a total stranger, and they did not want the card fee off.
Lot of working under the table around Wabigoon, and Dryden.
These premises insured by a Sheltie in Training ,--- and Cooey.o
"May the Good Lord take a likin' to you"
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Joined: Jan 2012
Posts: 67,154 Likes: 35
Campfire Kahuna
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Campfire Kahuna
Joined: Jan 2012
Posts: 67,154 Likes: 35 |
I will admit, dropping a C-note on the counter at CiCi’s pizza for the 5.99 lunch buffet has proven hindersome, They’re used to nickels and ones.
Luckily hostess Tiffany was able to run over to Gook’s Nail Salon next door and make change for me. Talk about a real ‘front’ ....our korean mafia here is gripped to equip.
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Joined: Jun 2002
Posts: 131,749 Likes: 20
Campfire Sage
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Campfire Sage
Joined: Jun 2002
Posts: 131,749 Likes: 20 |
Cash is King.
Try making a deal on high-end items, IE, guns, art, vehicles,etc. without cash.
Cash is King.
Some home buyers have been usurped by cash buyers.
"Cash buyer" in the world of real estate just means you get paid right away. It doesn't mean someone hands you suitcases full of cash. Although, when I was a kid back in the 1970s, the Mafia purchased my friend's father's garbage collection business with cash in installments. Every once in a while I'd come over to visit, and there would be huge stacks of hundreds piled up on the kitchen counter.
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Joined: Jun 2002
Posts: 131,749 Likes: 20
Campfire Sage
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Campfire Sage
Joined: Jun 2002
Posts: 131,749 Likes: 20 |
I think one should deposit it in a bank.
.....
But also, having it in a bank makes it easier to invested. Uninvested money does not grow beyond what you save. But if I put 2 grand in a Roth IRA and put it in the market, it could be worth double that within ten years without any additional investment on my part. That brings up an interesting point. In the old days when gold and silver was money, a guy could stick his money under a mattress and 10 years later he'd still be able to purchase the same things for the same amounts as 10 years previous. Now, with fiat currency, a guy stuffs it under the mattress and 10 years later he can only buy 1/2 of what he did 10 years earlier. That's the magical tax called "inflation". Precisely right. And it's not just a tax in theory. The banks and the government are actually withdrawing the wealth from the bills, via the "printing press," while they sit in that mattress. In quotes, because it's mostly done electronically.
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Joined: Jun 2003
Posts: 42,620 Likes: 1
Campfire 'Bwana
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Campfire 'Bwana
Joined: Jun 2003
Posts: 42,620 Likes: 1 |
Cash was also king and widely accepted in Miami during the "glory days" of the drug trade. HINT
A good principle to guide me through life: “This is all I have come to expect, standard lackluster performance. Trust nothing, believe no one and realize it will only get worse…”
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Joined: Mar 2006
Posts: 20,901 Likes: 1
Campfire Ranger
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Campfire Ranger
Joined: Mar 2006
Posts: 20,901 Likes: 1 |
Went to the grocery store & handed the cashier (?) a $20. She immediately took a Sharpie to it. I remarked, "Interesting how I am immediately suspected of counterfeiting by paying cash. But, you happily accepted the other lady's credit card, no questions asked." "I don't make the rules, sir."
"I never thought I'd live to see the day that a U.S. president would raise an army to invade his own country."
Robert E. Lee
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Joined: Feb 2014
Posts: 1,781
Campfire Regular
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Campfire Regular
Joined: Feb 2014
Posts: 1,781 |
Cash is King.
Try making a deal on high-end items, IE, guns, art, vehicles,etc. without cash.
Cash is King.
Some home buyers have been usurped by cash buyers.
You think cash is king. Look up cash confiscation by police after being stopped for speeding. Since 9/11 billions of dollars have been legally taken from motorists by the police. They can confiscate any amount you have in your car if you have at least $5,000 in cash. You then have to file legal action against the police to get it back. Very few do because it will cost more in legal fees that the amount they took from you. The locals get to keep most of the cash but they share that amount with the feds, so you can bet that law will never change. Yes, cash is king...but only if you have it in the bank and can write a check for what you want.
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Joined: Jul 2010
Posts: 8,506 Likes: 3
Campfire Outfitter
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Campfire Outfitter
Joined: Jul 2010
Posts: 8,506 Likes: 3 |
Hawk,
I have made more cash deals - both real estate and others ............in the time it takes to play a baseball game.
If you can't run with the big dogs .........stay under the porch.
Enuff said.....too much already.
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