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Paying With A Hundred Dollar Bill? Prepare To Fill Out A Form

Tyler Durden's picture




 

While depositors in Europe are having their money confiscated outright by their less than friendly governments and despotic, tyrannical politicians who will do everything in the name of "equality, fraternity and of course liberty" or, said otherwise, preserving their careers and the status quo while throwing their taxpayers and voters into the firepit of Keynesian and monetarist idiocy, in the US a different form of capital control may be taking shape.

NBC reports from Rhode Island, where a local restaurant chain is now demanding that any clients paying with $100 bills also provide their name, phone number, and drivers' license. By doing this - supposedly in the name of avoiding counterfeiting but don't you dare mention fake bill spotting markets or UV light - it eliminates the only upside that paper money had over electronic transactions: anonymity. How soon before all other retailers and vendors decide that it is a good idea to demand their clients' personal info, for the sake of avoiding counterfeiting of course, first in all $100 bill transactions, then $50, then $20, and so on?

And with the government already cracking down and commencing the regulation on BitCoin, maintaining gold tender is illegal and demanding tax records for all purchases and sales, and providing zero benefits to bank savers in the form of ZIRP, what is conflicted US consumer to do? Why spend of course, fully aware that every even cash-based transaction will be recorded for posterity, and for the benefit of Big Brother.

From NBC:

A local restaurant chain is now asking customers to fill out a form before paying with a 100. They say that's because they are often on the losing end off counterfeit $100 bills.

 

Bob Bacon, owner Gregg's restaurants, said his four locations have received 5 fake $100 bills in the last three months. "When this happened once a year, it was kinda the cost of doing business," said Bacon.

 

This starts to happen as frequently as it has since December, then it becomes something you at least have to do something about," Bacon told NBC10 News.

 

The form asks for name, phone number, and drivers license number, which Bacon says is like what some places ask for from check users.

 

Bacon does not think his customers are the counterfeiters. He says, "We're not getting the information so we can call up and say, you owe us a hundred dollars. That's not it at all. It's not about restitution. It's about gathering information and being able to maybe create a paper trail that leads to some resolution on this and maybe finding the origin of it."

 

Bacon admits some customers have complained about the new policy. But he also adds the restaurants have not gotten any fake $100 bills since the policy was implemented 10 days ago.

And the video for the reading-challenged:

 

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Fri, 03/22/2013 - 15:04 | 3363224 SeverinSlade
SeverinSlade's picture

Funny because technically every FRN in existence is "counterfeit money" per the Constitution.  Only gold and silver are supposed to be legal tender.

Fri, 03/22/2013 - 15:08 | 3363249 redpill
redpill's picture

Here's the deal Bob, you can take my $100 or I can tell you to go fuck yourself and walk out the door.  Which do you prefer?

Fri, 03/22/2013 - 15:11 | 3363262 idea_hamster
idea_hamster's picture

They say that's because they are often on the losing end off counterfeit $100 bills.

Simple solution -- just cut down on your North Korean clientele!

Fri, 03/22/2013 - 15:12 | 3363274 redpill
redpill's picture

Better yet, just fill out Benjamin Shalom Bernanke as the customer name.

 

Fri, 03/22/2013 - 15:15 | 3363287 idea_hamster
idea_hamster's picture

Too bad I can only +1....

Fri, 03/22/2013 - 15:16 | 3363299 ndotken
ndotken's picture

According to the US Govt, the bill is legal tender for ALL payments. If good 'ol Gregg doesn't want to accept it, then you're free to walk right out the door.

Fri, 03/22/2013 - 15:19 | 3363306 redpill
redpill's picture

It's legal tender for all debts.  There is a difference.

Businesses can choose to not accept cash at all if they want as long as it's for a good or service purchased at that time. 

Fri, 03/22/2013 - 15:25 | 3363341 TrumpXVI
TrumpXVI's picture

Right.

But one usually pays a restaurant bill after one has dined, correct?

So, that makes a restaurant bill a debt that needs to be discharged.

Or am I missing something.

Fri, 03/22/2013 - 15:29 | 3363357 Supernova Born
Supernova Born's picture

The mighty $100.

You'd need a $1670 dollar bill to equal the buying power of a $100 when it became the largest bill printed in 1936.

Fri, 03/22/2013 - 15:42 | 3363434 Beam Me Up Scotty
Beam Me Up Scotty's picture

TPTB want us all on a paperless system anyway.  I wouldn't put it past our very own government to make their own counterfit bills.  They can undercut the faith in real paper currency, and steer everyone to credit or debit cards.  Think about that, they could make counterfit bills and send them into circulation, and get the benefit of them when they release them, and then tell the little people they won't redeem them and confiscate the bills with no payment back.   Why flood the market with "real" fiat, when you can flood it with "counterfit" fiat.  I shouldnt be giving them any ideas.

Fri, 03/22/2013 - 15:44 | 3363445 negative rates
negative rates's picture

Coins bitches!!!!!!!!

Fri, 03/22/2013 - 15:55 | 3363504 Doomer
Doomer's picture

Counterfeit $50's bitchez!

Fri, 03/22/2013 - 15:58 | 3363518 SafelyGraze
SafelyGraze's picture

1. stop eating at restaurants

2. stop buying stuff

Fri, 03/22/2013 - 16:07 | 3363557 francis_sawyer
francis_sawyer's picture

OK Project Mayhem-ers

~~~

Gregg's Restaurant(s) PROVIDENCE, RI

https://greggsusa.com/locations

Fri, 03/22/2013 - 17:35 | 3363894 Long_Xau
Long_Xau's picture

You seem to have no lack of enthusiasm serving and defending the federal reserve note. Also no moral restraint.

On the other hand, the article talks about how this guy, strangely enough, is not concerned about paper money being too fallible in too many ways. It says this guy, apparently just like you, wants to help Benny extract as big a share of the dollar seigniorage as possible. Think before you talk/act and make up your mind!

The fact is that if the owner makes it clear to everyone entering the restaurant, BEFORE they order anything, what are the ways they can pay their bills - all is fine. You are not suggesting the businessman shouldn't have that freedom, are you?

Fri, 03/22/2013 - 21:05 | 3364590 StychoKiller
StychoKiller's picture

Here's a thought:  TRAIN yer employees on how to check for counterfeit benji's!

Fri, 03/22/2013 - 21:57 | 3364725 Lore
Lore's picture

This guy seems a bit strange. I wonder as to his real motive. "Counterfeiting" might be a cover for some other passive-aggressive agenda. Or one of his staff might be stealing from the till, and this is his way to ensure a paper trail.  I rather suspect the latter. 

Regardless, any business that doesn't accept anonymous cash can simply be avoided.  LET THE MARKET SPEAK. 

It is disturbing how many people rely exclusively nowadays on plastic. When our bank runs start, they'll be the ones standing in line at the ATMs (assuming they have some savings and aren't completely debt enslaved).

Sat, 03/23/2013 - 11:19 | 3365464 Long_Xau
Long_Xau's picture

This article about the same story (thanks spooz) says they did all normal tests on the notes, but the fakes were too good. The super-good fake dollar bills ("superbills") are becoming a more and more substantial issue. I have a strong suspicion that the central/commercial banking establishment has been keeping the issue of serious counterfeiting quiet so as not to admit fault. It is their responsibility to provide as strong a medium through which people can establish a trust relationship with them as they can. Otherwise their currency gets kicked out of the market as unworkable or unreliable. Every time a buyer and a seller want to make a deal they have to establish trust between each other. Under the current monetary system the central bank is a common trusted party. The buyer trusts that the currency he has in his pocket is issued by the central bank and that the central bank is reliable (otherwise he wouldn't be holding it) and the seller trusts that the currency he is given is issued by the same central bank and that the central bank is reliable.

The central bankers and/or the treas[on department] intentionally delay the issuing of the better protected FRNs to the public. They expect us to use electronic money which require longer chains of trusted third parties (banks, payment processors, certification authorities, etc. who by the way do NOT do any honest effort to establish anything near strong security) and are therefore also very fallible. The central bankers don't care how people are supposed to establish trust with them. The logical corollary is that: 1. even the central bankers themselves know that trusting them is worthless and senseless, because they are crooks, so why would YOU trust them? And 2. they don't give a rat's ass about destroying already established trust relationships between people who transact in their currency when more and more often, inevitably, fake notes turn up during transactions.

The observation of this Bob Bacon guy that suddenly around December 2012 the bank started confiscating more fakes might simply reflect a new policy or procedure for testing bills more thoroughly, which should be a little red flag for potentially more trouble ahead when using FRNs.

With those notes in circulation it is way too costly to try to protect yourself from them. If you just pretend they are all real and keep circulating them, it means you are paying more inflation tax (to the government of North Korea and other official and non-official organized crime rings) AND running the risk of notes being confiscated when someone detects them. Why would you want to pay such a price for someone else's irresponsibility?

So STOP defending the usability of the fiat currency!

Fri, 03/22/2013 - 16:07 | 3363564 Bicycle Repairman
Bicycle Repairman's picture

Private enterprises cannot enforce this sort of thing.  They'd get boycotted, if it was too onerous.  This is government's thing.  So no panic here.

Fri, 03/22/2013 - 16:41 | 3363675 ronaldawg
ronaldawg's picture

Will HOOKERS make me fill out a form?  No can do - the wife will find out for sure...

Fri, 03/22/2013 - 16:55 | 3363715 Henry Hub
Henry Hub's picture

She going to find out anyway when you go home with the clap.

Fri, 03/22/2013 - 18:53 | 3364204 FeralSerf
FeralSerf's picture

The best defense is a good offense in this case.  Accuse her of fucking the cable guy.

Sat, 03/23/2013 - 03:01 | 3365052 ronaldawg
ronaldawg's picture

Clap don't mean nothing.  Like having guacamole coming out your peewee.

(Spent some time in the PI back in the day)

 

Fri, 03/22/2013 - 21:47 | 3364701 MachineMan
MachineMan's picture

No, she just won't send the syphilis antidote if the bill is fake.

Fri, 03/22/2013 - 17:15 | 3363824 Groundhog Day
Groundhog Day's picture

the birth of a child in a mother's womb takes 9 months.  The birth of new financial system would also take 9 months if everyone stopped spending money for only 9 months.  Executive comps, lobbying, corporate corruption, etc needs the feeding frenzy of consumption to stay alive.  The only way "we the people" have a shot in hell from the sociopaths in government and corporate board rooms is to teach them "we" still have the power but only if it is done collectively in an organized way.

 

Now go spend your money and max out your credit cards

Fri, 03/22/2013 - 16:31 | 3363640 Sokhmate
Sokhmate's picture

The counterfeit $20, $10, ETC..

Fri, 03/22/2013 - 16:55 | 3363717 RazvanM
RazvanM's picture

I'm sure the ones with the counterfeit 100 will oblige.

 

Question: what's the difference between a counterfeit 100 bill and a genuine one?

Fri, 03/22/2013 - 15:56 | 3363510 Beam Me Up Scotty
Beam Me Up Scotty's picture

Nickles or pre 1982 copper pennies are the only ones worth saving.  The melt value of the new dollar coins is only .05 cents.  Even regular Ike dollars are only worth 20 cents melted.  So a nickle = a presidential dollar in melt.

Fri, 03/22/2013 - 16:47 | 3363695 francis_sawyer
francis_sawyer's picture

Not to mention that they're NOT 'FRN's'... [aka ~ they're NOT some jew bankers fantasy debt]...

Fri, 03/22/2013 - 23:03 | 3364871 Agstacker
Agstacker's picture

I've been picking up nickels, they will change the composition probably by next year, I'm thinking steel or something of that nature.  

Fri, 03/22/2013 - 15:41 | 3363407 redpill
redpill's picture

No it's not a debt, it's an invoice.  The language on FRNs that applies to all debts public and private is to prevent lenders from making it impossible to repay your debt to them based upon arbitrary demands concerning form of repayment.

Conversely, the restaurant isn't giving you a loan to buy food, it's selling you food directly, and they can choose what types of payments they will accept for their food.  Therein lies the difference.  However it gets murkier with the disclosure of information requirement, which doesn't really have anything to do with whether the note is legal tender.  Since it would be difficult to "give back" the food once you've eaten it (how's that for a visual), it's probably not legally enforceable to require someone to disclose their personal information if you otherwise would accept cash.

Fri, 03/22/2013 - 15:44 | 3363442 Beam Me Up Scotty
Beam Me Up Scotty's picture

Its not that damn hard to detect counterfit bills either by the way.  This guy must be an idiot.  I happen to be in the restaurant business too, and I have seen a few counterfit bills over the years, and trust me, they are easy to spot if you are paying attention.

Fri, 03/22/2013 - 15:53 | 3363467 akak
akak's picture

Exactly.

And what the fuck is this nonsense about 50s and 100s being "large bills", like it's still the 1960s?  There ARE NO "large" bills anymore, fuckheads --- a $100 dollar bill today has roughly the same purchasing power of a $20 bill in 1975, and I sure don't remember anyone considering or calling $20 bills "large" back then.

Just like these idiotically low daily ATM limits of $300, and the fact that all of them still spit out only $20s, no matter how much one withdraws at a time --- um, it's not 1980 anymore guys, you can up it to $1000 to keep up with inflation, and add some $50s and $100s to the mix!  I am convinced that all this is done as part of the official war on cash, to make it as inconvenient as possible and push everyone into using credit cards that only feeds the TBTF banks with every transaction.

Fri, 03/22/2013 - 15:57 | 3363515 ParkAveFlasher
ParkAveFlasher's picture

"Charge it to the Underhills."

Fri, 03/22/2013 - 16:12 | 3363575 francis_sawyer
francis_sawyer's picture

An instructional tutorial [using the Willem DaFoe method]

~~~

http://www.youtube.com/watch?v=Qvf8aEZerPE

Fri, 03/22/2013 - 18:17 | 3364085 NoDebt
NoDebt's picture

I'll have a steak sandwich and a..... steak sandwich.  And some beluga caviar.  Sir, the caviar is $90 a portion.  Hmmm, I better just have two of those then.  ('Fletch' was one of the most quotable movies of all time, just short of 'Airplane')

Something smells wrong about this story, by the way.  The supposed explanation given by the owner doesn't make sense.  Maybe they'll find the real culprit?  C'mon.  Really?  If they did it unwittingly you think they're going to remember who gave them the note in the first place?  Either way, they'd still be guilty of an actual crime for which the owner CAN demand restitution, regardless of what he says his intentions are.  You're accusing your customers of passing you phony hundreds on purpose and you know it.  Who the hell would put their real info on that stupid form anyway?  BEST CASE they're gonna sell your info so people can spam and junk mail the shit out of you.  "Here's a list of people who pay with hundred dollar bills, so you know they have disposable income."

Fuck that.  I hope some old lady accidentally plows her 94 Buick Roadmasher through the front of the building, confusing the brake with the gas.

 

Fri, 03/22/2013 - 16:00 | 3363528 Beam Me Up Scotty
Beam Me Up Scotty's picture

Spot on Akak.  And the sheep BAAAAA for it.  I paid with cash for a gift for my daughter at Best Buy last christmas and the kid taking my money looked a little confused.  I told him that I liked the anonymity of cash, and that credit cards aren't guaranteed to work all the time if the banking system would fail.  We are really only one Stuxnet virus away from having a total blackout in the use of any credit cards.  He said he didn't usually carry any cash and if he did, he would only carry about $50 tops because he didn't trust himself.  He was worried he might lose it.

BAAAAAA BAAAAAAA BAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHH!!

Fri, 03/22/2013 - 16:42 | 3363674 francis_sawyer
francis_sawyer's picture

pimply faced BEST BUY dweeb... Sounds like the perfect candidate to become a bitcoiner... As soon as he masters level 12 of "World of Warcraft"... HE'S IN!

Fri, 03/22/2013 - 17:39 | 3363956 negative rates
negative rates's picture

Blame Mr. plastic fantastic.

Fri, 03/22/2013 - 16:45 | 3363683 Alea Iactaest
Alea Iactaest's picture

Stuxnet + BitCoin = LMAO

Fri, 03/22/2013 - 16:49 | 3363699 ronaldawg
ronaldawg's picture

Moreover there is no guarantee that your credit card will work EVERYTIME.  What if your credit card gets demagetized (like what happened to me yesterday at the gas station).  I was stuck there with no cash and the fucking machine would not accept the credit card (THAT I USE EVERYDAY until yesterday).  I got the dreaded "See Cashier" - therefore no gas because the credit card I took with me didn't work.  Very embarrassing....

Fri, 03/22/2013 - 16:01 | 3363529 Pairadimes
Pairadimes's picture

If I was an asshole bank teller with an idiot small businessman for a client, this might be one way to augment my meager income as a serf of the banksters. "Yea, these three hunnerts are bad - I have to keep 'em to turn them in."

Fri, 03/22/2013 - 17:00 | 3363734 J in Vegas
J in Vegas's picture

You haven't been to Las Vegas recently as almost all ATM's on strip and off strip in the suburbs give you 20's, 50's, and 100's. 

Fri, 03/22/2013 - 17:38 | 3363951 akak
akak's picture

Wow! 

That is the VERY FIRST time I have heard of any ATMs giving out bills larger than $20.

I bet the daily limit on withdrawals is still nowhere near $1000, though, as it should be.

Fri, 03/22/2013 - 19:02 | 3364232 FeralSerf
FeralSerf's picture

The ATMs in Switzerland commonly spit out 100 franc notes.

Fri, 03/22/2013 - 17:47 | 3363992 natty light
natty light's picture

If they are really good fakes just pass that hot potato on. Problem solved.

Fri, 03/22/2013 - 19:01 | 3364230 TMLutas
TMLutas's picture

One can legitimately invoice without there being a debt? Really? 

I invoice you $50000

Pay up. 

I won't even make you fill out a form. 

Fri, 03/22/2013 - 21:11 | 3364610 StychoKiller
StychoKiller's picture

How do you think the banks are getting away with Fraudclosure?  Read up on UCC (Uniform Commercial Code) Law and see how to deal with bogus invoices.

Fri, 03/22/2013 - 15:41 | 3363425 ziggy59
ziggy59's picture

Arrested on spot. But if you are a Dr. and your patient doesnt pay after services rendered you have to go through legal collections..

Fri, 03/22/2013 - 15:41 | 3363428 akarc
akarc's picture

If they won't take the $100 give em their meal back.

Fri, 03/22/2013 - 15:47 | 3363455 Just Observing
Just Observing's picture

You are correct.  The restaurant extended you credit for your meal ( if it's a typical sit down place, not a McD's ), thus the bill IS a debt.  They can either accept the FRN under the legal tender laws, or cancel the debt.  That is their two choices.

And they would play hell getting me to fill out a fucking form for a cash payment.

Fri, 03/22/2013 - 16:44 | 3363680 francis_sawyer
francis_sawyer's picture

No shit dude... I'd make a fucking SCENE in the middle of the place

~~~

Only trouble is ~ it is indeed a rare occasion that I'd find myself in a restaurant eating overpriced shit food...

Fri, 03/22/2013 - 21:12 | 3364615 StychoKiller
StychoKiller's picture

IF no one is verifying the info on the form, fill it with bogus information.  Problem solved.

Fri, 03/22/2013 - 15:45 | 3363446 Theta_Burn
Theta_Burn's picture

Chode post of the week...

Who the fuck wrote this?

Anonymity from what, the way i like my eggs?

What retailer wouldn't have a fucking $6.00 bill marker, especially if this is happening repeatedly, (probably by the same party, and why not? the idiot does't ck for fake bills) or just don't eat there.

You will be able to spend your money freely, don't worry other retailers aren't so stupid.

 

 

 

 

Fri, 03/22/2013 - 16:46 | 3363687 francis_sawyer
francis_sawyer's picture

@Theta

~~~

Cut the Tyler's some slack man... SURE ~ This is a Jerry Springer piece, but what the hey?... It's Friday & everybody is kind of zombied out on Troika at the moment...

Fri, 03/22/2013 - 15:21 | 3363313 nonclaim
nonclaim's picture

... and come back with a lawsuit for being wrongly accused of paying with counterfeit bills.

Fri, 03/22/2013 - 15:49 | 3363472 zerozulu
zerozulu's picture

Big mistake. $100 bill is used all around the world for transactions but not for daily needs. Any news like this if spread, will put another nail in the US$ coffin.

Fri, 03/22/2013 - 15:31 | 3363378 Tulpa
Tulpa's picture

Nope.  Convenience stores have had policies against accepting large bills for a long time and that doesn't mean you can walk out with merchandise.

Fri, 03/22/2013 - 15:53 | 3363495 Just Observing
Just Observing's picture

That is because there is no extension of credit.  You can simply put the merchandise back if the form of payment is unacceptable to the seller.

Once the meal is consumed, there now becomes a DEBT for it, in the form of a bill.  And legal tender law applies.

THAT, sir, is the difference.

Fri, 03/22/2013 - 20:15 | 3364463 cornedmutton
cornedmutton's picture

What he said.

FRNs must be accepted in the discharge of any debt, public or private.

However, though, you cannot be compeled to accept FRNs in the form of direct payment for services either not yet rendered nor goods not yet exchanged.

So, no, you can't just pick something off a shelf as offered for sale and then walk out with it if the seller refuses your FRNs.

On the other hand, if you have incured a debt (payment for the meal now sitting in your tummy, for example) then you are LEGALLY entited to offer FRNs in compensation and nothing more.  If the creditor will not accept LEGAL tender, at that point you may assume the debt discharged and may exit, stage left.

Fri, 03/22/2013 - 17:40 | 3363960 DosZap
DosZap's picture

Tulpa

Nope.  Convenience stores have had policies against accepting large bills for a long time and that doesn't mean you can walk out with merchandise.

YEP, sure do, BUT they have signage on the doors and /windows warning you before you try and buy.

Fri, 03/22/2013 - 19:19 | 3364294 Chuck Walla
Chuck Walla's picture

Move over Secret Service, Gregg's is on the case...

FORWARD SOVIET!

Fri, 03/22/2013 - 18:08 | 3364070 Long_Xau
Long_Xau's picture

Good point. The amount of fake dollar bills (and other fiat paper) in circulation are not to be dismissed as insignificant. Much of those are so good that I have a strong suspicion the cartel would prefer to deny the seriousness of the issue!

Fri, 03/22/2013 - 15:11 | 3363264 duo
duo's picture

I got a couple Franklins from BofA a month ago that were clearly fake.  I told them I wanted different ones, and they obliged.  They didn't even bother to use that magic marker thing.  They must know 20% of all $100 bills are fake.

One didn't have any ink remaining on one side, like it was printed on an ink jet printer.

Fri, 03/22/2013 - 15:37 | 3363340 krispkritter
krispkritter's picture

I was counting my withdrawal from BoA while still at the counter and one bill was stamped with a big red square that indicated that it was counterfeit. The teller looked really embarrassed when I handed it back through the window and asked for another($50).  Thank God I closed all my 'big bank' accounts...

Fri, 03/22/2013 - 15:50 | 3363447 moonstears
moonstears's picture

So if I understand, allegedly BofA tried to pass counterfeit Fed res notes, at least in your two cases? I'd say that's some important info, word to the wise, and all, thx.

p.s. anyone else w/ similar stories??

Fri, 03/22/2013 - 16:02 | 3363537 krispkritter
krispkritter's picture

Similar to this only larger and stamped on both sides. 

http://t4.thpservices.com/fotos/thum4/012/491/fot-478002.jpg

Fri, 03/22/2013 - 16:56 | 3363719 ronaldawg
ronaldawg's picture

Gotta get me one of those stamps - just think of the havoc I can do.

Fri, 03/22/2013 - 19:50 | 3364391 ToddGak
ToddGak's picture

Uh...what kind of havoc could you do, other than marking your own money as counterfeit?  Unless you somehow have access to other people's cash, like you work at a retail store with cash in the register.  Pretty sure your boss wouldn't take to kindly to having his money marked as counterfeit.

Sat, 03/23/2013 - 03:06 | 3365053 ronaldawg
ronaldawg's picture

Todd - get some imagination.

Deposit the money in an ATM with the stamp - the bill are not segregated. 

Go to the grocery or walmart and use self checkout and pay.  Go to ARCO and pay with cash outside, etc. etc.

Fri, 03/22/2013 - 15:10 | 3363265 Motorhead
Motorhead's picture

Ex-fucking-actly.

Fri, 03/22/2013 - 15:12 | 3363275 freewolf7
freewolf7's picture

Is that a real license?

Fri, 03/22/2013 - 15:25 | 3363335 kliguy38
kliguy38's picture

yup......the geniuses are cutting their own throats....at least the small business guy's throat.....load um in the pen and ship um to the "camps"....just save us all bullshit

Fri, 03/22/2013 - 15:28 | 3363364 TheFourthStooge-ing
TheFourthStooge-ing's picture

redpill said:

Here's the deal Bob, you can take my $100 or I can tell you to go fuck yourself and walk out the door.  Which do you prefer?

One hundred percent agreement. Suck my balls, Bob.

I'd be tempted to take a small bottle of Syrup of Ipecac with me and, if he really pissed me off, return the meal to him on the spot.

Fri, 03/22/2013 - 15:41 | 3363417 Abraxas
Abraxas's picture

I hate this Bob guy. Who the fuck he thinks he is, asking me to fill the god-damn form? Next time I'm coming with my AK 47 instead $100. Let's see if he's gonna ask me to fill the fucking form then. Bob pisses me off big time!

Fri, 03/22/2013 - 15:52 | 3363489 MsCreant
MsCreant's picture

Over the line there. He pisses me off too but he does not get the big picture. Mostly though, I like this website and find you putting stuff like this in the comments section ill advised.

Honestly, your tone kind of rings fake at me as well.

Fri, 03/22/2013 - 17:07 | 3363776 xtop23
xtop23's picture

Exactly. A much more enjoyable way to put the hurtin' on ole Bob, is to put his restaurant outta business in favor a competitor that caters to his customers wish for unimpeded commerce.

Fri, 03/22/2013 - 18:07 | 3364058 Abraxas
Abraxas's picture

I was just messin' around. Sensitive much! Sheeesh! OK sorry for fakely threatening an imaginary character (I don't even own an AK)

Fri, 03/22/2013 - 19:58 | 3364417 MsCreant
MsCreant's picture

Bob is a real person. You made a specific threat to a real person. That is the problem.

Fri, 03/22/2013 - 20:08 | 3364439 Abraxas
Abraxas's picture

I sincerely appologize.

Sat, 03/23/2013 - 01:10 | 3364991 xtop23
xtop23's picture

As well you should, mister. How dare you threaten a construct like Bob with a Kalashnikov.

I only commented negatively on your original statement because it seemed a little bit of the "troll" variety.

Fri, 03/22/2013 - 15:42 | 3363435 gmrpeabody
gmrpeabody's picture

You are one sick stooge...

Fri, 03/22/2013 - 15:50 | 3363473 TheFourthStooge-ing
TheFourthStooge-ing's picture

.

You are one sick stooge...

I certainly would be after chugging the Syrup of Ipecac.

Fri, 03/22/2013 - 16:38 | 3363661 akak
akak's picture

Sick stoogeism is just part of eternal nature of US 'american' Indo-Easter-Island-Scythian-Lemurian citizenism.

In US 'american' Indo-Easter-Island-Scythian-Lemurian citizenism, the upper half of the second-lowest quintile of the middle class is the king class.

Fri, 03/22/2013 - 19:24 | 3364314 Chuck Walla
Chuck Walla's picture

"Sick stoogeism is just part of eternal nature of US 'american' Indo-Easter-Island-Scythian-Lemurian citizenism.

In US 'american' Indo-Easter-Island-Scythian-Lemurian citizenism, the upper half of the second-lowest quintile of the middle class is the king class."

 

¿Que?

FORWARD SOVIET!

 

Fri, 03/22/2013 - 19:52 | 3364399 TheFourthStooge-ing
TheFourthStooge-ing's picture

Alas, alas, the lowest quartile of dodectuple alas, sick stoogeism the result of US 'american' Indo-Easter-Island-Scythian-Lemurian citizenism ipecaccery blobbing up ebulliently.

Only grows an issue when it happens, but skilled work requires skills that are usually trained during an offuscational process.

Easier to say than to do. So people will keep nurish on something they triggered themselves.

Extraneity of cause is common among US 'american' Indo-Easter-Island-Scythian-Lemurian citizens.

Washing hands, washing hands...

Fri, 03/22/2013 - 21:17 | 3364630 StychoKiller
StychoKiller's picture

OTOH, you could always squat down with the ChineseCitizenisms and...

Fri, 03/22/2013 - 17:01 | 3363739 WillyGroper
WillyGroper's picture

+10

Fri, 03/22/2013 - 16:05 | 3363555 glenlloyd
glenlloyd's picture

How many will decide not to go just because? I wouldn't go knowing that they've implemented this policy.

For those who do go and pay with $100 be sure that 1) the bill number goes on the stinking form and 2) that you get a copy of it for your own records....

This is BS

Fri, 03/22/2013 - 16:18 | 3363595 masterinchancery
masterinchancery's picture

Also a good way to cut out wasteful restaurant spending--I'm sure Ben would want us to be frugal.

Fri, 03/22/2013 - 16:22 | 3363606 Stoploss
Stoploss's picture

Fuck BOB and his business..

 

Good luck staying in business bob.  LOL!

Fri, 03/22/2013 - 17:04 | 3363760 xtop23
xtop23's picture

Exactly. The market can work that bullshit out pretty quickly.

"Oh you want my information? How about I take my business elsewhere?"

Fri, 03/22/2013 - 18:50 | 3364198 11b40
11b40's picture

....and that would be AFTER having dinner & drinks.  I do believe I would have plenty of leverage when I told them to stick their form up their ***.

Fri, 03/22/2013 - 21:11 | 3364613 Buck Johnson
Buck Johnson's picture

This guy is going to lose business real soon.

Fri, 03/22/2013 - 15:11 | 3363267 Tulpa
Tulpa's picture

No STATE can make anything but gold or silver legal tender.  Doesn't apply to the feds, though one could argue that the enumerated power to coin money doesn't include printing paper currency.

Fri, 03/22/2013 - 15:20 | 3363308 Thisson
Thisson's picture

There's no need to "argue" that the power to coin money doesn't include printing paper currency because the Constitution speaks for itself.

Article I, Section 8 says: "The Congress shall have power ... To coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures;"

The Tenth Amendment states that "The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people."

Therefore, printing paper money is not an enumerated power.

Fri, 03/22/2013 - 15:30 | 3363373 XitSam
XitSam's picture

Exactly! And it cannot be argued that the Continental Congress didn't know about paper money, it had been used, mostly abused, throughout the colonies since the early 1700s. They specifically said "coin money", not 'coin or print'.

Fri, 03/22/2013 - 15:33 | 3363388 Tulpa
Tulpa's picture

If the freedom of speech applies to radio waves, and the freedom of the press to electrons flying through optical fibers, then coining money can conceivably apply to paper currency.

Fri, 03/22/2013 - 15:42 | 3363431 Just Observing
Just Observing's picture

"Therefore, printing paper money is not an enumerated power."

 

Yep....correct.

But the "federal reserve note" isn't a US issued paper.....it's a note issued by a private banking cartel, and they've fooled us into accepting them AS dollars.

Fri, 03/22/2013 - 15:42 | 3363433 sansnobel
sansnobel's picture

Whether they clip the coin like the Romans or debase paper Joobucks or infinitely expand the digital Joobucks the result is always the same.  Government pays it's bills with Inflation and supplements with taxation to keep up appearances.  The Founders were not simpletons, they knew they could not take over the world with Gold or Silver.  They needed something more powerful than mere shiny metal.  DEBT MONETIZED 

What do you think they intended by the phrase " regulate the value thereof, and of foreign coin"?  Is this not what is happening right now?  Is there not a battle between Central Banks right now? A race to the bottom as they desperately try to inflate their way out of a credit deflation?

Fri, 03/22/2013 - 16:33 | 3363650 ronaldawg
ronaldawg's picture

Wait a second here.  In a restaurant situation doesn't the server get to take your money from the table to the cashier (away from the customer)?  Doesn't that give them time to check all the fancy anti-counterfeiting properties of the $100 bill (the magnetic stripe, the holographic image, most importantly the paper with the funny pen). 

This does not make any sense.  Also where is the Secret Service on this - the incidence of counterfeiting in the U.S. is supposedly very low....

Fri, 03/22/2013 - 16:51 | 3363709 francis_sawyer
francis_sawyer's picture

depends on how many lap dances you require per annum...

Fri, 03/22/2013 - 17:08 | 3363785 WillyGroper
WillyGroper's picture

Perhaps the waiter/ress is doing a switcheroo.

Fri, 03/22/2013 - 22:14 | 3364770 francis_sawyer
francis_sawyer's picture

Fuck ~ If it were HOOTERS, I'd grab a Sharpie & gladly write the info down on her tits...

Fri, 03/22/2013 - 17:16 | 3363836 Henry Hub
Henry Hub's picture

Rhode Island employers who hire tipped workers like restaurants, bars, and cafes may deduct a tip credit of up to $4.86 from the minimum cash wage paid to their tipped employees, and can pay as little as $2.89 per hour for hours where the tipped employee has earned at least $4.86 in tips.

 

My guess is that somebody making $2.89 an hour couldn't give a shit if the bills are counterfeit.

Fri, 03/22/2013 - 22:18 | 3364778 Lore
Lore's picture

Re: "he incidence of counterfeiting in the U.S. is supposedly very low..."

Rumours have floated for years of IMMENSE counterfeiting rackets using official plates... Never mind. :-X

Fri, 03/22/2013 - 16:34 | 3363651 ronaldawg
ronaldawg's picture

Duplicate - windows 8 with IE 10 does not like this site.

Fri, 03/22/2013 - 15:15 | 3363294 dick cheneys ghost
dick cheneys ghost's picture

I asked that same restaurant chain if they accepted 'FIAT' money and they said no.........go figure

Fri, 03/22/2013 - 15:22 | 3363322 SeverinSlade
SeverinSlade's picture

Probably thought you were talking about a gift card for the local Fiat car dealership.

Fri, 03/22/2013 - 15:37 | 3363404 Just Observing
Just Observing's picture

Amazing how many folks believe that, when is simply ISN'T true (unfortunately).

Art1 Sec10 (from which this mis-belief usually stems) prohibits the STATES from using any thing but gold/silver in payment of STATE debts ( which, of course, they ignore). 

 

Nowhere in the Constitution does it require Congress to coin money out of any particular base.....they could mint aluminum coins, and declare a dollar value on them, and be completely within the Constitution.  ( "Congress shall have the power to COIN money and regulate the value thereof...")

Fri, 03/22/2013 - 15:43 | 3363437 Alpo for Granny
Alpo for Granny's picture

Boy is Bob gonna be miffed when he see's his first $100,000,000 note. 

Fri, 03/22/2013 - 16:47 | 3363689 Widowmaker
Widowmaker's picture

Mark this post.  Fiat-fraud money is sick and dying.

Fraud has obliterated the fiat premise and will assure it's demise. 

This is but one symptom of trust erosion over fraud-fiat.

END THE FED, AUDIT THE TREASURY!

Fri, 03/22/2013 - 15:05 | 3363227 unwashedmass
unwashedmass's picture

god help us. this party is seriously over. 

Fri, 03/22/2013 - 15:05 | 3363228 Lord Peter Pipsqueak
Lord Peter Pipsqueak's picture

AS opposed to the counterfeit bills produced by the US Treasury,why discriminate between the two?Or are one counterfeiters bills regarded as OK and others not?

Fri, 03/22/2013 - 15:30 | 3363369 francis_sawyer
francis_sawyer's picture

It's easy to tell the difference... There's more cocaine traces on the REAL ones... No self respecting Wall St. banker or Ukranian hooker would snort blow out of a fake $100...

Fri, 03/22/2013 - 15:06 | 3363229 TerminalDebt
TerminalDebt's picture

I guy named Bacon owns a restaurant?

Fri, 03/22/2013 - 15:23 | 3363326 a growing concern
a growing concern's picture

That's Doctor Bacon to you.

Fri, 03/22/2013 - 15:07 | 3363233 CPL
CPL's picture

Capital controls are now effect in Canada if anyone bothered to read Annex B of the Federal Budget.

 

btw to everyone.  RUN.

Fri, 03/22/2013 - 15:07 | 3363234 ParkAveFlasher
ParkAveFlasher's picture

Give that restaurant owner his own money printer.

 

 

 

 

 

Fixed.

Fri, 03/22/2013 - 17:07 | 3363774 DosZap
DosZap's picture

The patron should have refused.

It's take it or leave it.A $100.00 bill is legal tender and no one has the right to not accept as payment.

Given that choice I am sure the owner would make do.Free food, and I am leaving or take my $100.00.

Only caveat is IF the ESTABLISHMENT had a notice that such would be the case BEFORE they ate, then he has a valid argument.

Fri, 03/22/2013 - 19:02 | 3364231 11b40
11b40's picture

If you knowingly read it and agreed to it, then.....maybe.

I would venture that since the restuarant is licensed by an official government body, if Bob wanted to stay in business, he would be forced to acccept 'legal tender'.  Just because a business has a policy deos not mean it is legal and enforceable if you push back.

Fri, 03/22/2013 - 15:07 | 3363235 leftcoastfool
leftcoastfool's picture

This one's a no-brainer: JUST SAY NO!  What are they gonna do?... call the cops?  The Benjamin you're giving them is, after all, considered "legal tender"...

Fri, 03/22/2013 - 15:09 | 3363260 Sean7k
Sean7k's picture

Perfect example of how cowed the population is. The owner cannot require anything. That bill is a good for ALL DEBTS PUBLIC AND PRIVATE. If the owner doesn't like it, he is opening himself up to lawsuits right and left.

Fri, 03/22/2013 - 15:14 | 3363286 redpill
redpill's picture

Not entirely correct.  Yes it can be used to pay a debt, but technically your restaurant bill is not a debt.  It is a service you are purchasing in real time.  Businesses can have policies that restrict the type of payment they will accept.  Some don't take $100 at all.  Some don't take cash at all!  If that's how they want to run their business it's up to them.

Now if you have a contractual debt to someone and the contract is signed in the United States, then yes they would have to accept any denomination of US Currency as tender of payment unless otherwise specified in the contract.

Fri, 03/22/2013 - 15:27 | 3363349 ziggy59
ziggy59's picture

Redpill , you are correct..

Many local places dont take bills over 20 ( some dont take cc either)only because, like some farmstands, etc. the products they sell are a buck or 2, and dont have the cash to make change..
And its legal

Fri, 03/22/2013 - 15:32 | 3363379 barliman
barliman's picture

 

This is a little more complicated than you suggest ...

It is technically illegal to refuse legal tender (cash) for services already rendered, though it is not illegal to refuse it for services not yet rendered. Therefore, a business that accepts only checks or credit must post a notice indicating this, so that the customer is aware of the fact prior to making payment. According to the "Legal Tender Statute" (section 5103 of title 31 of the U.S. Code), "United States coins and currency (including Federal Reserve notes and circulating notes of Federal Reserve banks and national banks) are legal tender for all debts, public charges, taxes, and dues." This means that all U.S. money, as identified above, when tendered to a creditor legally satisfies a debt to the extent of the amount (face value) tendered.

However, no federal law requires that a person or an organization must accept currency or coins as payment for goods or services not yet provided. For example, a bus line may not allow payment of fares in pennies or dollar bills. Some movie theaters, convenience stores and gas stations as a matter of policy may refuse to accept large bills, such as above $20, and as long as there is a notice posted and a sale for goods or services has not already been completed, these businesses have not violated the legal tender law.

If the company has posted a notice about the new policy of only accepting money orders and credit/debit, they have fulfilled the requirement, and they are not required to accept cash for purchases. One advantage to the consumer in using a form of payment other than cash is that there will be a record of the payment made. For more information you can visit the Federal Reserve online.

Regardless of whether there is a sign posted notifying people the business will not accept $ 100 bills ... the requirement of providing identification in return for accepting the legal tender most likely violates a number of unrelated existing laws and opens the owner to a HOST of potential lawsuits (Civil Rights violation), Privacy Act, etc.

Biggest mistake - publicly advertising your fear of counterfeit currency ... unless, of course, this owner is a perfectly clean Dudley DoRight who has scrupulously notified the Secret Service of EVERY SINGLE suspected counterfeit bill he has ever received.

Organized crime has been using restaurants to launder money (dirty and counterfeit) longer than any of us have been alive. This putz has businesses in Rhode Island? Not for long!

Research this topic, folks. "Superbills" are now so widespread the Feds don't even pretend to try to do something about them because many are indistinguishable from the ones printed by the Federal Reserve.

Oh ... those "markers and scanners" ... they do NOT catch the superbills either.

Fri, 03/22/2013 - 15:38 | 3363406 Karlus
Karlus's picture

So really dumb question here. If I have a superbill and it cannot be detected...would I really care? If it looks like a Benjy and spends like one....

Fri, 03/22/2013 - 17:17 | 3363840 ronaldawg
ronaldawg's picture

Wow - didn't know about superbills. 

Question:  If the counterfiet is so good, how is BOB fucked out of his money by the bank.  How does the bank know it is counterfeit? 

Then why does Bob care?  Does the bank come back two weeks later and say - "Hey you know that $100 you deposited through the depository drop box last week was fake and we are charging you $100."

I guess the most important question is:  What is the procedure for checking for counterfeit FIAT at the bank?

Fri, 03/22/2013 - 19:10 | 3364119 barliman
barliman's picture

 

Bob is likely complaining about "home made" counterfeits generated on somebody's high quality printer/scanner.

The "home made" stuff generally wouldn't fool anyone ... but if somebody puts cash in the little black folder with the bill and the receipt and then walks out the door - it won't get caught till the waiter/waitress brings it up to the cash register.

Fair warning if anyone thinks "home made" bills sounds like a neat idea.

All of the systems capable of generating something high resolution enough to LOOK passeable (they won't feel right or have the metal braid) leave an individual "fingerprint" pattern invisible to the naked eye that identifies the manufacturer, printer model and the specific printer used.

Sat, 03/23/2013 - 03:10 | 3365055 ronaldawg
ronaldawg's picture

Yeah but they have to find the freaking printer - and that is only accomplished AFTER the prep is arrested or with a warrant to search his residence....

Fri, 03/22/2013 - 18:28 | 3364138 barliman
barliman's picture

 

... the Feds only worry about the superbills while they are still in big bundles.

Once they are floating around in circulation, they wait for them to rotate through one of the Federal Reserve banks and pull them as they come in.

Fri, 03/22/2013 - 15:46 | 3363448 Sean7k
Sean7k's picture

Great post.

Fri, 03/22/2013 - 17:03 | 3363759 francis_sawyer
francis_sawyer's picture

 'and opens the owner to a HOST of potential lawsuits (Civil Rights violation), Privacy Act, etc.'

~~~

So ~ I can use the "I was born a poor black child" defense, sue his ass blind, go to JG Wentworth & get an advance lump sum settlement, go LONG 'eyeglass holders', then pile the windfall into bitcoins & I'll be hob nobbin' it with the Rothschild's in St. Tropez this summer?

Cramer was RIGHT... There's always a bull market somewhere...

Fri, 03/22/2013 - 15:54 | 3363499 redpill
redpill's picture

Well obviously someone at their bank caught it, which means they probably were not superbills to begin with.  Thank you for the detail, although in this case we are talking about a requirement to disclose information which is sort of outside the legal tender discussion, and frankly probably not enforceable.  It would get tossed out in small claims court, but of course going through that process would result in the restaurant owner getting your info anyway.

 

Fri, 03/22/2013 - 16:28 | 3363630 barliman
barliman's picture

 

I think we can all agree Bob is a moron.

I grew up in New England. Lots of mob guys lived in our small town which had a higher number of bars, restaurants, etc than normal for a place 90 miles from anything.

It also had a large, high margin manufacuring plant that employed over 10,000 people ALL of whom were well compensated for back then.

2+2=4 when I was about 16 and finally asked someone who knew, "Why so many mafia guys here?"

Answer, "Easy, this place has a lot of people who spend more than average. Every place that handles a lot of cash is either mob owned or knows to keep their mouth shut when somebody comes in and spends a lot of money. Most of the mob guys here are just couriers from the city who bring up sacks of numbers money every week to cycle through the local economy."

Rhode Island has its fair share of organized crime guys. I would love to see Bob ask one of THEM for their ID when they pay in $ 100 bills.

This putz is bitching about 5 counterfeit $ 100 bills over a three month period. With four locations over three months he probably has had $ 1 million in cash flow through his businesses.

He's bought himself $ 1 million worth of bad publicity over 0.05% of his total cash flow ???

Every relevant Fed agency is going to see it as sketchy as hell. The IRS uses "unusual behavior" as a criteria for full 7 year audits.

Self Inflicted Wound Winner of the Week.

 

Fri, 03/22/2013 - 16:49 | 3363698 ParkAveFlasher
ParkAveFlasher's picture

This is why I read ZH. +1

Fri, 03/22/2013 - 17:06 | 3363772 francis_sawyer
francis_sawyer's picture

Rhode Island has its fair share of organized crime guys...

~~~

Understatement of the CENTURY...

Fri, 03/22/2013 - 15:35 | 3363397 Miss Expectations
Miss Expectations's picture

It's a debt as soon as you've consumed the meal and get the bill. 
"All I've got is $100.00 for a $60.00 meal.  You can take it or call the cops.  I'll wait right here."

Fri, 03/22/2013 - 16:51 | 3363707 Widowmaker
Widowmaker's picture

Your ignorance made Widowmaker laugh.

Listen to you, all uppity about contracts.   Yeah, mortgage contracts worked out perfectly.  Everyone knows contracts = trust.

Your idea of "legal" is entirely a product of self dillusion and false hope.

Fri, 03/22/2013 - 17:31 | 3363899 DosZap
DosZap's picture

redpill

 Businesses can have policies that restrict the type of payment they will accept.  Some don't take $100 at all.  Some don't take cash at all!  If that's how they want to run their business it's up to them.

 

Sure they can, BUT if they do not let the PATRONS know in advance then they are ON the hook.

Take the cash, or I am walking.

Fri, 03/22/2013 - 15:16 | 3363300 barliman
barliman's picture

 

Owner requiring identification records before accepting $ 100 bills being visited by Secret Service and  Treasury agents in 3, 2, 1 ....

It would have been much simpler for him to just close the business down instead of "dousing himself and his business in figurative gasoline and striking a match".

His IRS audits will distract him from his other Federal problems, though.

Fri, 03/22/2013 - 15:20 | 3363312 akarc
akarc's picture

And they don't even check the back of my cridit card to see if I have signed it. A friend has "ask for id" on the back of hers. They never ask. Someplaces don't even requires a signature if your bill isn't over a certain amount.

So get a couple credit cards. Write not valid if ID not checked and use the shit out of em. Save your hundred dollar bills for after the credit companies go belly up.

 

 

Fri, 03/22/2013 - 15:38 | 3363408 Tulpa
Tulpa's picture

Uh, no.  Your use of the credit card signifies unconditional agreement to pay back the money charged.  The signature only provides the merchant with proof that it really was you who used it, in case a claim of fraud is made.

Fri, 03/22/2013 - 15:48 | 3363462 akarc
akarc's picture

When I'm done, "IF" they can find me, I will holler fraud.

Fri, 03/22/2013 - 15:07 | 3363237 swissaustrian
swissaustrian's picture

Trial balloon

Fri, 03/22/2013 - 15:20 | 3363303 francis_sawyer
francis_sawyer's picture

Sure ~ TPTB met at the Council of Nicosia & determined that "Gregg's Restaurant" would be the location of the trial balloon...

Fri, 03/22/2013 - 15:22 | 3363320 sdmjake
sdmjake's picture

Thanks Francis, that is HILARIOUS! +1

Fri, 03/22/2013 - 15:25 | 3363339 francis_sawyer
francis_sawyer's picture

Before anyone rips me on "Nicosia", I realize it was "Nicea"... So if that's your direction, your reply should be "I see what you did there"...

Fri, 03/22/2013 - 15:33 | 3363391 NoTTD
NoTTD's picture

"Gregg's" seems so obvious in retrospect.

Fri, 03/22/2013 - 15:07 | 3363239 buzzsaw99
buzzsaw99's picture

time to go deep, deep, deep, deep undercover. [/axel foley]

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