- Joined
- Nov 25, 2019
- Messages
- 69,226
- Reaction score
- 16,384
- Gender
- Male
- Political Leaning
- Conservative
I always have a few thousand in cash for opportunistic buys. Cash is persuasive. Almost no one accepts a check for large purchases anymore. It is hard for a person who needs money NOW to turn down cash. I also sell cars, boats etc for cash. Anyone can challenge a credit card charge and often successfully steal by it. A check can bounce or a person can stop payment. Certified checks can be fake and even those can be contested.
It used to be that American currency was to be considered absolutely safe. Now it isn't - it's not safe from the government. Such seizures equate to the US government refusing to honor money it issues. Because of this policy, your American money might be absolutely worthless to you.
Many cities love asset forfeiture because they get to keep it and use it for whatever they please. They used to just steal money from drug pushers. Now all they have to do is say the cash was obtained through some sort of illegal activity and it is up to the individual to prove otherwise. It is guilty until proven innocent. Just like they did with Trump.