What a Cashless America Looks Like

[@PowerfulMoneyHabits]

I use cold hard cash as much as possible. My second choice is my debit.

[@WeAreBeingInvaded]

I USE CASH EVERYDAY!

[@freedom4063]

Me too. I hope this doesn't happen . I don't think it will ? People gotta stand up

[@irocitZ]

Right on, I'll stand with you. Any business that decides to not give me an option to use real money, is automatically pushing me right over to their competitors.

[@FnVRGaming]

Businesses will always need cash. Recently I was in a town that experienced a power outage. No POS system was working so, cash was the only way to operate. This happens often enough to never eliminate cash.

[@angelictigerette]

Agreed. Something similar happened at my job where we lost our internet connection. Our cash registers are connected to the internet, so for a while we were only accepting cash payments until it was restored.

[@blacklyfe5543]

That's very rare

[@blacklyfe5543]

And doesn't happen a lot

[@FnVRGaming]

@@blacklyfe5543 agreed, it does not happen a lot. But it happens enough. And black outs happen more or less depending on where you live. Also, plenty of small businesses (like me) want to keep cash and trades people.

[@blacklyfe5543]

@@FnVRGaming I'd rather live cashless like China and Japan

[@anaroman1499]

I use cash alot. No way I am paying 2.50 on a card. Just pay with cash. When paying for big purchases, I use card.

[@nicholas802]

Who charges you 2.50 for what

[@anaroman1499]

@@nicholas802 I am just giving an example, such as snacks or candy. I see customers will pay that amount on a card and not use cash because they don't carry any.

[@dortheklaus8758]

Paying cashless means paying the bank everytime you buy something. Paying with cash means the whole amount is for service / product. I prefer cash, i dont like giving my money to banks. They are rich enough.

[@blacklyfe5543]

If you have a bank account than your money is being deluded every single day

[@blacklyfe5543]

You're giving your money to the bank

[@PassionPno]

Ever heard of cashback and reward points?

[@MrTsleep]

Been waiting for that guitar....and it didn't disappoint!

[@lampshades5436]

Some food spots are cash only, even going to some beach bars during the summer are cash only. I always pay with a card if I can, but I do keep small amount of cash on me. But even going out to eat with friends, someone pays the bill with a card and we venmo/paypal them the money.

[@Kris-pw4gp]

I always look forward to your videos. They're informative and funny! There are certain things that I pay cash for (my mechanic and my hair stylist come to mind) because I don't want them to incur the cost of credit card fees. They are small businesses and seem to get taxed and fee'd to death. I also have several friends that actually get their pay checks in check form. They said they actually like the feeling of gong to the bank and either cashing their check or depositing into their account - they feel like they are seeing the money they have earned. A cashless society would affect a lot of people in ways we don't even realize. Kinda scary though to think of leaving our finances in the government's hand when they have trouble managing their own budgets. Just thinking out loud...lol

[@Introvertedtravel]

I really like being able to take out cash and pay for things online. It is way easier for me to budget with cash so the idea of having to go ful digital leaves a real ba state in my mouth.

[@warriorlink8612]

That 60% of the population that uses cash is mostly rural America. Cash is lifeblood in rural America

[@Username_CC_]

So they're not paying their fare share of taxes

[@warriorlink8612]

@@Username_CC_ it's interesting that your mind goes to tax evasion first. Do people evade taxes? Sure, happens a lot. Do rural small business and farmers who use cash and checks evade taxes? I'm not confident of that conclusion. Businesses that use digital currency evade taxes too, they just do it differently. Most small businesses in my area will not come to your house with a card scanner. They usually want a check, or they prefer cash. They wouldn't ever deal with PayPal, venmo or apple pay.

[@rebeltheharem7028]

​@@warriorlink8612 Yes. Cash is mostly used for tax evasion purposes, and it has always been that way. It's easy to evade taxes when you don't have trackable cash flows. That being said, I don't want physical cash to be eliminated either. I always pay tip with cash.

[@donnahampton3632]

I need more live music from George Kamel! What would it cost for George to play, sing and tell jokes at my birthday party?

[@TheHappinessPursuitInc]

Some appreciation for George’s guitar/singing skills

[@camh3958]

We are quick to forget what happened to Canadians truckers a few years ago.

[@EmeryShae]

It was only last year. That was a very scary time as a Canadian. I have zero trust in my government since the pandemic started.

[@muhammadthamer8793]

They are using Monero now without censorship.

[@doug6259]

I use cash 75% of the time and a debit card the other 25%. If the business charges more for using a card, I pay with cash 100% of the time. I am not paying their exchange fees.

[@joeynau682]

Keep up the good content George 👍

[@MrUpTheScore]

I’m 26 and would’ve never guessed 10 yrs ago having joined my first gym with cash that ten years later planet fitness refuses cash along with many other places we lose cash we lose what freedom we have left

[@joebarra5273]

At 10:26 he's saying it in kind of a joking way but paying in cash really helped me get my spending on track. With a card it deducts the amount and it just doesn't feel real until you check your account later. Also I like collecting coins and that's only possible if you're getting change back.

[@olwynpayne4201]

Same here… I do the cash envelopes and love collecting coins.. they really add up

[@moneymattersforeverybody]

It’s true! Cash really is king especially when your watching the budget closely to get out of debt or save for something like vacation, a new car, a home renovation or holidays.

[@josephsergewich9385]

Many gun shops give you a discount for cash since they don't have to pay a transfer fee. There is also a way to never be seen by Govt.

[@jessicahalvorsen9315]

That Mario kart cut made me lmao for the first time ever watching a George video

[@Dogbullet]

That country song alone is worth hitting the like.

[@ErikMore]

My bank account is cashless all the time! I'm already there.

[@btzega]

😅

[@hoodie18th]

Well if you think about it people using decentralized are already there especially with centralized banks failing to hold up

[@Mansini77]

A man ahead of times. Cheers mate!

[@papafiob]

😂😂😂😂😂

[@Bloodbornepro.]

🤣

[@joanebf]

The guitar song is priceless

[@agilachristian]

😂

[@alo.productions]

🤣🤣🎶 loved the jingle

[@mr.13eefy]

Great episode, George! Thank you for clearing this up.

[@HagiaFantasia]

Blind people and the poor largely depend on cash payments. Also what about bus fare and coin operated machines? Or if you've gotta pay a bill at a kiosk and you only have cash? My lights almost got cut off because I only had cash once and the place I usually used to pay DTE removed the kiosk

[@joecwik]

How many takes did it take you to do "Remember when" with a straight face?

[@GeorgeKamel]

I’m a consummate professional, but I think it was 2 or 3 takes max. The hand offs were the trickiest part.

[@mathematician1234]

You made reference to "Scotty" from Star Trek. By coincidence, I was reading about James Doohan only yesterday. I had no idea that he had served in WWII, or that he had been injured during the D-Day invasion, getting shot a half-dozen times and losing a finger (visibly missing in a few Star Trek scenes).

[@89playstation65]

Even though for the most part mainly use debit or credit for my payment methods (I pay the credit cards off every month), I still like to have the option of cash. Cause what would happen if the credit card machines go down? Well then it's cash to the rescue. Even though cashless payments are quicker and faster, cash will always be king!

[@tyrymanuel]

Oh hooooh the Tim Robinson cut in! I'm all in!

[@conniehayes4957]

Imagine everything you can buy get hit with a higher payment. They can take as much as they want. Like power of attorney

[@janemuir3546]

I remember. And want Scotty to beam me back. I'm not interested in Vinmo or any other app. We just spent cash 20 minutes ago. I might make a non cash payment once a month. Cash will always be king in our home, right behind The King, Jesus.

[@brookteleguz2462]

I wanna hear your full cover of “remember when” that was so moving 😅

[@WhatShallEyeDo4U]

So... We're gonna get a full version of that song, right?

[@catherinefrancis5827]

Love your vids, George

[@stephaniepaul3885]

Remember When………..😂😂😂😂. George that was the best thing you’ve ever done! 😂😂

[@jez5855]

I love the Guitar George and Arabic George cameos on this channel.

[@debbieweibley3899]

I use cash every day.

[@DOMINYPAUL]

Good Job George, Great Info.

[@captngravity]

I was thinking about how the US dollar won't be the world reserve currency soon, if it already isn't. Anyway there was a great video made by the channel Valuetainment - he gave the history of world reserve currencies. Paper currencies only last about 100 years. There have been 6 previous world reserve currencies. The value of our dollar is already down, but will it really become worthless if/when BRICS takes over? Not sure. If the US dollar value plummets, we will lose a lot of our retirement values, and my emergency fund could be worth half what it is today, or even less. We could end up seeing hyperinflation. And I know for sure our wages will not be raised to match. We need to keep staying out of debt, and not buying cars. If you have a car that's paid off, keep driving it. Live a frugal lifestyle, stay on your budget, do cheap/free things for fun. Staying out of debt is really hard but so worth it.

[@socku5850]

Yeah, wait until a weather emergency with no power. Try to used your digital currency to buy stuff that is essentials. Or the news about bank in China doesn't return your money in their care. I do use debt card they always charge you service fee. Or credit card charge you interest on your purchase. Using your own money from a bank or third party business loan. The bank doesn't really care about their customers they own care about profits.

[@johnlash9298]

I still use Cash and Checks

[@bunnybubs757]

I find the opposite to be happening .. cash only signs, “systems downed “ hmmm 3 times this week alone .. spas and salons have been doing this forever

[@kyledexter485]

I can’t be the only one who wants a full song from George.

[@GeorgeKamel]

Search for The Great Coward by George Kamel on Spotify/Apple Music. It’s not funny parody songs, but you might enjoy my originals!

[@matthewwilliams9200]

Yes sing peaches

[@StubbsMillingCo.]

I can’t be the only one who leaves money in the bank for bills to take out and maybe some to eat out a night or 2 as well while the rest is pulled out and in my wallet..🧐 and yes I am paid by check every Friday, I have to cash it. Everything I do is old fashioned but it works and there’s nothing to bite me in my ah… yea 😂😂

[@IrvNation]

I wasn't expecting a musical number!

[@snusnu2249]

I use cash everytime...

[@MaxLifeMinistries]

one of the best channels out there. Love the humor

[@shannoncraig509]

"The US still values personal freedom" ...Sure it does as long as you have the "correct" opinion. I think we will see it used for control more than anything else. For example, the government could put limits on what you buy by category. You have bought your meat allotment for the month so your currency will no longer work for meat purchases. The government needs to stimulate the economy but too many citizens are saving towards their future? No problem, just put expiration dates on the currency.

[@bradleygraves5915]

My barber knocks $2 off for cash. My local diner also has a cash price, etc. I like having cash at airports because I feel superior to everyone else.

[@danielgeorges3048]

You worked really hard to work in that Alan Jackson bit into this…and I’m here for it! 😂

[@thereelaccountant9246]

Bruhhhh. Alan Jackson is the 🐐! 😂

[@Resolve_DigitalMedia]

How many takes did it take you not to laugh with the guitar scene? The hands though :D

[@vinnietaganekurukuru8519]

Thank you so much George

[@candy2325]

I do a hybrid of digital and cash. I electronically transfer money to my various accounts and pull cash for categories I tend to go over in with a card. Using cash forces me to really stay on track with spending

[@TheOgizer]

This guy 😂,great content always.

[@adamhuxell2078]

The John Delony cameo hahaha

[@corinefrantz4731]

I don't have faith that the Feds would actually protect privacy as they claim they would.

[@oliverdelarosaamador]

I have been waiting for every dollar to be available out of the US for 8 years now. Lucky us YNAB is available 😅

[@varvaracoronado9036]

😂😂😂 What happened at the end? 😅

[@brookebales2931]

I sneak in popcorn 🍿 too haha! (Mainly because I make it organic/healthier with olive oil and sea salt 😉) plus healthy treats and even maybe a Zevia soda 👍 😜 but also way too pricey. Haven’t been to a movie in years though lol.

[@thebestthingthatneverhappe6729]

Your tribute to Alan Jackson was awesome, very fun to listen to, maybe you should cover all the popular country songs!!! you're in nashville so why not

[@RonSpilker]

Idk G. You got a good crew, Mario Cart is it's own drug.

[@alectincher]

I am screaming at the impromptu song! 😂

[@vhol93]

00:12 YES ...

[@The3lliotL33]

In the UK we have been able to send money between accounts in seconds for years.

[@markdc1145]

I stopped using cash entirely during the pandemic and haven't looked back.

[@mrsmith5320]

Samsung pay is 👑!

[@alsinglet4274]

HAHAHAHAHAHAHAHA I LOVE THIS GUY, FUNNY AS H***

[@birdsaloud7590]

It might not be coming soon but what about our kids and grandkids? Shouldn't we do something to stop them living in a cashless society. I use cash every day. I spend less because I withdraw cash for the week and stick to my budget.

[@yatesfamily1630]

Thank you so much for this! Entertaining and informative!

[@truecountrymusicfan]

I will use cash as much as I can as long as I can

[@hugojames85]

A waitress in Pizza Hut recently made a huge song and dance to me about how her company no longer accepted cash. So I paid for my meal with a bank card, took out a ten-pound note, and said to her "I was going to give this to you as a tip, but of course you don't take cash, so I can't", and put it back in my pocket. Big laugh for me - less so for her.

[@JakeSpradlin2]

Loved the guitar playing and singing!!

[@Ilene-forward]

We’ll said…or sung😂😂

[@roburb73]

I haven't used cash in 6+ years, no use for it!

[@irocitZ]

If I'm not given an option at checkout weather or not I can use real money, then I'll go somewhere that does. It's that simple.

[@j0se925]

🤣🤣 “they do take venmo though”

[@AbidingHopeMentalHealthCoach]

I think we need some form of cash, even if it’s just a little. I use my debit card mostly, yet I like when my sewing customers pay with Venmo or CashApp, because it saves me a trip to the bank. But I’ll still take cash.

[@mitchell.9632]

Payment applications money is not necessarily FDIC insured and may not have banking protections in case someone steals your money with a fountain pen (i.e. fraud).

[@AbidingHopeMentalHealthCoach]

@@mitchell.9632 my payments are very small-rarely over $100. And I transfer their payments to my bank regularly, so I’m not worried. But good to know.

[@tracyk920]

Who knew George could sing? 😮

[@adamrite2178]

I don't understand businesses that don't want to accept cash. Credit and debit card transactions are not free to process. It's literally cheaper to accept cash. I always prefer to use cash especially in small businesses.

[@chrismillar7593]

Card payment companies give the companies a discount on card transactions if they go card only. This is being pushed by the banking Industry which pretends to want cash. I don’t don’t trust them. There is a lot of money behind a lot of these fintech payment providers and most don’t even make money but they can always get more investment…. Someone wants this.

[@raghavbhatnagar2329]

Not always their choice - a landlord could demand it . Airports for instance

[@AbidingHopeMentalHealthCoach]

I appreciated what he said about concerns with the government running the digital currency. The way I read Revelation 13, I see an economic boycott for anyone who won’t receive the mark of the beast. However you interpret the mark and the beast and whatnot, the words “and that no man may buy or sell save he that has the mark”; it sure would be a lot easier to enforce in a cashless society.

[@EmeryShae]

That’s exactly where this is headed. And a lot faster than George seems to think. However, as a believer in Christ, I know I won’t be here for the whole mark of the beast thing.

[@AdvoLegacy1]

Props on the Alan Jackson piece! Well done!

[@jmalone3934]

Billy Joel: Glass Houses 👍

[@lewissmith5764]

Cash is king boycott cashless shops in the uk it’s getting worse and these cashless shops are more expensive

[@truecountrymusicfan]

I do all my daily transactions in cash

[@mitchell.9632]

Wonder if the Pew study accounted for people who made *no purchases at all in the last week*. Yes it say typical week. Would like to see the survey though.American Trends Panel is not clear or at the very least easily findable on this survey. Have had one retail job that handed an envelop with cash and a pay statement. It was non-tipped job too! Sacagawea's (and the others, though it can throw for a loop ones that silver one that look at quick glance like quarters) are awesome to spend in the store and elsewhere (such as birthday cards like you say).

[@nancybrody5896]

What happens when you lose electricity due to a hurricane etc. 😮

[@budsmith5368]

This video was legitness

[@wilfriedvomacka1783]

8:40 what transfers used to take days to clear? Just curious. Maybe some transfers in the stone age. Transfers take usually few seconds or minutes. If it is a sunday it takes day.

[@rodhoutx]

Some examples might be transfers between your bank accounts at different banks, ACH payments to pay utilities, etc. still take a couple of business days, they're not instant because it's still older standards. Cash App, Venmo, and the like are digital wallets. The money is in their system, but you can transfer it to your bank account (through an ACH which may take a day or two). Even credit card and debit card transactions are not really instant. Takes a day or two for them to completely settle, and they still only settle on business days for some reason.

[@perfectlymprfct]

You are smart; you are handsome; and you are hilarious with musicality.❤😂

[@Holyluckdan]

If 41 percent of people don't use cash at all, then 41 percent of people are irresponsible with money. Everyone knows that cards have additional costs. Store's charge 50 cent just to use cards.

[@crawdad_smoker001]

I prefer buying from local businesses with CASH..

[@LiefLayer]

In my opinion, a cashless company with a digital currency would not be very different from the current one. A little less evasion, more comfortable payments... in the end, the only ones who really lose out in a democracy would be those who evade taxes and the counterfeiters. Moreover, money already today cannot be exchanged on sight for gold (at least it is no longer written on banknotes, which is different from buying gold). Which means that the value we give to money today is all due to trust in the stability of the system. In short, if one doesn't trust the system ,maybe shouldn't even trust cash, at most only physical gold. Which means that physical gold will always remain an effective way of storing value (regardless of physical or virtual currency). And no, I'm not advising you to invest in gold, I'm just saying that the abolition of banknotes would not change the current system substantially, because cash already has only a symbolic value. And in a system based entirely on trust, it is essential to avoid trusting those who invest in crypto. The central banking system is not perfect but it has at least a minimum of safeguards. Furthermore, the crypto transaction system (especially for those who use proof of work) is very inefficient (while for those who use the proof of stake system, in fact, few entities replace the central bank, so it makes no sense to trust a few private individuals against the central bank). Sepa instant transfer and the new Fed system actually already allow money to be transferred instantly and the fees (at least here) are practically non-existent (and even when they do exist they are far lower than in the crypto system). This should make it clear that the crypto system is really expensive and unreliable for a currency, and that's why a cashless society is not to be feared, provided it does not derive from anarchy in monetary terms

[@blinkfan87]

I am pretty sure old order Amish use paper money.

[@melissarivas2483]

What happens with you 401k or Roth ? If this happens

[@exorias625]

if an ad popped up at 8:04 then that would be insane unfortunately i cant see ads so who knows...maybe someone got memed

[@DinoNairobi]

Its Prophesied in the Bible... Rev 13.16-18 It also forced all people, great and small, rich and poor, free and slave, to receive a mark on their right hands or on their foreheads, 17 so that they could not buy or sell unless they had the mark, which is the name of the beast or the number of its name. 18 This calls for wisdom. Let the person who has insight calculate the number of the beast, for it is the number of a man. That number is 666.

[@CathyLee-bv7qo]

What will happen when the digital currency shuts down?

[@anthonysanchez7538]

Saving!

[@mikeberardi3985]

What are strippers going to do ? Lol 😅

[@raghavbhatnagar2329]

They gotta put like their Venmo name on their outfits I guess

[@rhaythe]

The biggest issue with CBDCs beyond privacy is programmability. Imagine whatever administration in the office at the time having 100% control of what you can and cannot spend your money on. Third gas fill-up of the week? Sorry, you've hit your carbon credit limit for the month, no gas for you.

[@latishiabedwards1423]

Awesome example!

[@HagiaFantasia]

Or what if a politician turns off the cashless payments of ethnic or minority groups they don't like? Wouldn't want a bigot or populist to be in charge of our money

[@416toronto4]

Buy Monero from now 😂

[@amb158]

The scary thing is California is already dangerously close to actually doing this. Insert a CBDC into the situation and I guarantee the first thing California would do is exactly what you just said.

[@LuKiSCraft]

It's just USD but with a blockchain on the backend processing transactions. That's it.