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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 - 15:26 | 3363350 francis_sawyer
francis_sawyer's picture

I ain't fallin for no banana in no tailpipe...

Fri, 03/22/2013 - 15:14 | 3363241 Pure Evil
Pure Evil's picture

Of course once all currency goes digital, it makes it easier to give haircuts to everyone's accounts.

Exactly how do you pull electronic credits from an ATM?

And, don't worry, just like regular haircuts, there'll be no such thing as a 'one time wealth tax'

Fri, 03/22/2013 - 15:08 | 3363242 nantucket
nantucket's picture

how about i take the name, address, and phone number of the restaurant owner because the paper money he's giving me as change for my paper money may be fake.  who the hell does he think he is? a-hole.

Fri, 03/22/2013 - 15:24 | 3363332 Pure Evil
Pure Evil's picture

Yeah, I like the way you go to a lot of places and pay with twenties and they hold them up, then mark them to verify that they're not fake, but they don't verify the ten's, five's and one's they hand back to you.

Fri, 03/22/2013 - 15:40 | 3363415 krispkritter
krispkritter's picture

I'm going to take a highlighter with me next time I go to WallyWorld and when they hand me my change, start marking the bills while going 'Hmmmm...'...thanks for the idea!

Fri, 03/22/2013 - 15:08 | 3363247 Kilgore Trout
Kilgore Trout's picture

Seriously, how long before the drugstore REQUIRES me to have my "Saver's Card" to buy something?

Fri, 03/22/2013 - 15:08 | 3363248 Dr. Richard Head
Dr. Richard Head's picture

He is a good fucking serf.

Fri, 03/22/2013 - 15:08 | 3363251 dexter_morgan
dexter_morgan's picture

SeverinSlade sums it up nicely.......

Fri, 03/22/2013 - 15:09 | 3363252 duo
duo's picture

that's why I only carry Grants

Fri, 03/22/2013 - 15:13 | 3363280 DavidC
DavidC's picture

That made me laugh duo!

DavidC

Fri, 03/22/2013 - 15:09 | 3363255 tokengator
tokengator's picture

Need to stop counterfeitters.....get them to fill out a form and promise to put their real information on the sheet.

 

Your move, counterfeitters

Fri, 03/22/2013 - 15:45 | 3363443 MachoMan
MachoMan's picture

Exactly...  If I'm sophisticated enough to counterfeit bills, then I can probably manage a fake ID.  Total fucking nonsense.

I'd be more surprised if the guy actually reports the income he receives from $100 bills...  He's basically saying that the tax savings from unreported cash income is LESS than the loss on counterfeit bills...  I highly doubt it.

Fri, 03/22/2013 - 17:24 | 3363866 ronaldawg
ronaldawg's picture

Actually the fake ID comes first.  You can buy a whole slew of fake IDs from Silk Road using Bitcoin.

My Singapore ID says I am a 22 y/o female with hugh tits.

Fri, 03/22/2013 - 19:40 | 3364363 FeralSerf
FeralSerf's picture

Does Hugh have big tits?

Fri, 03/22/2013 - 15:09 | 3363256 Silverhog
Silverhog's picture

Credit card fraud is far more common, what about those scum.

Fri, 03/22/2013 - 16:19 | 3363596 tokengator
tokengator's picture

death, obviously. 

Fri, 03/22/2013 - 15:10 | 3363258 Tinky
Tinky's picture

Tell you what, Bob. If you provide a "paper trail" showing precisely where the food that you serve was grown and processed, so that the guilty parties can be held accountable if I happen to get sick, then I'll fill out your form.

Otherwise, I'll take my business elsewhere.

Fri, 03/22/2013 - 15:10 | 3363259 GrinandBearit
GrinandBearit's picture

Not surprised.  I anticipated this happening.  I got rid of all the $100 and $50 bills from my safe a while ago.  Just $20's now.  No banks for me thank you.

Fri, 03/22/2013 - 15:25 | 3363336 akarc
akarc's picture

Besides easier to pass a $20. Hit every fast food joint in town that has pictures on the cash registers instead of numbers.

Fri, 03/22/2013 - 15:26 | 3363345 akarc
akarc's picture

Oh shit, did that come  out my outloud keyboard.  See my post above about credit cards. I never use cash. I stack it!

Fri, 03/22/2013 - 15:47 | 3363457 MachoMan
MachoMan's picture

Only way to roll.  The tellers look at you like an asshole when you ask for $20s instead of $100s, but I like to tell them that my service is just job security for them...  they scowl and I smile.

Fri, 03/22/2013 - 15:09 | 3363261 awakening
awakening's picture

Now the fun really begins :)

Fri, 03/22/2013 - 15:27 | 3363354 akarc
akarc's picture

and as 3:30 rolls around.....

Fri, 03/22/2013 - 15:10 | 3363263 optimator
optimator's picture

If they serve Mogan David with their meals perhaps the Bernak and crew will dine there.  Would be a SNL sketch if he paid with a real Counterfeit bill!

Fri, 03/22/2013 - 15:10 | 3363266 Divine Wind
Divine Wind's picture

 

 

Au, Ag and Pb.

In addition to 1 ounce rounds, make sure you pick up some fractionals and trade gold pieces ranging from 5 gram to 10 grams.

For the PB, an ample supply of hollow points is a good idea.

Fri, 03/22/2013 - 15:11 | 3363269 Cognitive Dissonance
Cognitive Dissonance's picture

We will have arrived when we pay for that Big Mac with fries and a Coke with a hundred dollar bill and there is $0.39 in change.

<Gone in 60 seconds.>

Fri, 03/22/2013 - 15:11 | 3363270 Diogenes
Diogenes's picture

What happens when his customers tell him to piss up a rope?

If there was any pushback at all they would drop this policy immediately. With restaraunt business the way it is these days they couldn't afford not to.

The sad part is, 99% of their customers will knuckle under. Could you imagine pulling something like this in the fifties, the seventies, or even the nineties? What has happened to America?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fri, 03/22/2013 - 15:11 | 3363271 Lendo
Lendo's picture

Try to pay in 7.62x39 and see what happens.

Fri, 03/22/2013 - 15:11 | 3363272 Rustysilver
Rustysilver's picture

Just don't go there, i.e., the restaurant. Go elsewhere. People should just start reacting to stupid stop and it will stop.

Many stores have a machine that they can run the $50 and $100 bill to check. The owner is an @ss.

If you pay via CC they will know everything about you anyway. And probably swipe your CC for the record

Fri, 03/22/2013 - 15:52 | 3363492 MachoMan
MachoMan's picture

Talking with a SS agent last year, he said many of the counterfeits circumvent detection because they're on real currency paper...  lower denomination bills are "washed" clean and higher denominations printed over them...  The easiest way to spot them is with the embedded strip.  If you see a $100 bill with a $20 strip, then it's fake.  You can hold the bill up to the light and it should have the dollar amount posted on the strip.

If there's a $100 strip in the bill and it's on the right paper, then the counterfeiter is particularly skilled...

Fri, 03/22/2013 - 15:12 | 3363277 Cacete de Ouro
Cacete de Ouro's picture

The US is becoming totalitarian...scary...a dying nasty empire...a great country America mind you...the best...why don't you rise up?

Sth America is where its at. Too calm and chaotic (contemporaneously) for neurotic evil US Federalists to influence - yet. I'll do my bit to try to keep it that way...

Fri, 03/22/2013 - 15:12 | 3363278 Motorhead
Motorhead's picture

You mean people can still afford to go out and eat in the States?  It may be a moot point for this jernt in the not-too-distant future.

Fri, 03/22/2013 - 15:20 | 3363307 Charles Nelson ...
Charles Nelson Reilly's picture

uhhhhhhh hellooo, we are the reserve currency! so Chase credit cards w/ $15k limits on them come in handy when we we want to gorge ourselves with overpriced chain crap like PF Chang's or Chili's.

Fri, 03/22/2013 - 15:14 | 3363284 Ineverslice
Ineverslice's picture

 

Fuck NBC. 

Fri, 03/22/2013 - 15:15 | 3363289 Tulpa
Tulpa's picture

"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?"

As soon as they want to lose business.  Imagine how long this process would take if you had to do it for each transaction.

Many convenience stores don't accept $50 or $100 bills at all, and haven't for many years. Is that a conspiracy too?

Fri, 03/22/2013 - 15:15 | 3363291 Oldballplayer
Oldballplayer's picture

I will be $100 his food tastes like shit. 

Fri, 03/22/2013 - 15:30 | 3363371 Meatballs
Meatballs's picture

It's not great. Typical fam fare BS.

Fri, 03/22/2013 - 15:20 | 3363292 Yen Cross
Yen Cross's picture

     (as the owner has to place a forms of payment sign), Let's publicize our policy for the 'Bad Guys'.

Fri, 03/22/2013 - 15:16 | 3363295 ziggy59
ziggy59's picture

Maybe the restaurant owner should get better ink!

Fri, 03/22/2013 - 15:16 | 3363296 FieldingMellish
FieldingMellish's picture

Bullish for fake driver's licenses.

Fri, 03/22/2013 - 15:16 | 3363297 Z'
Z&#039;'s picture

We continue down the slippery slope.  In 2011, Louisiana prohibited the use of cash for those who buy/sell secondhand goods.

Law Bans Cash for Second Hand Transactions

http://www.klfy.com/story/15717759/second-hand-dealer-law

Fri, 03/22/2013 - 15:19 | 3363305 Pure Evil
Pure Evil's picture

Unless he asks to see your drivers license, just give him the address of the Federal Reserve building in D.C. and tell him that those people are the real counterfeiters.

Fri, 03/22/2013 - 15:20 | 3363309 Seasmoke
Seasmoke's picture

Ben Bernanke

Federal Reserve

Washington DC

 

and i have alot more $100 bills, where that one came from

Fri, 03/22/2013 - 15:41 | 3363419 XitSam
XitSam's picture

"Oh, you don't take $100 bills? Well, I have a nice bag of dimes here. Start counting."  

Nickels and some pennies are worth more than face value. Kyle Bass FTW!

Fri, 03/22/2013 - 15:53 | 3363490 negative rates
negative rates's picture

Yea but your 2 bits of time are about to run out.

Fri, 03/22/2013 - 15:20 | 3363310 Mad Mohel
Mad Mohel's picture

Of course the obvious answer is refuse to go to the place and it will stop real quick. The problem however is that the majority of the customers are already broke asses. Most pay with credit or EBT, so it's really no sweat off that guy's back.

They want everyone fully locked in. "You have cash motherfucker!? Where did you get it from and did we get our piece of the action, you goddamn puke?"

Fri, 03/22/2013 - 15:22 | 3363319 Thisson
Thisson's picture

Freedom loving Americans should boycott any establishment that behaves likes this.

Fri, 03/22/2013 - 15:20 | 3363311 ziggy59
ziggy59's picture

Hey Junker! Are you the guy( SN w/ something like old geezer or something close) that asked the other day how come ZH allows such idiots(quoting you) to post..

..and I responded

Strange question coming from you, no?

.

Fri, 03/22/2013 - 15:22 | 3363317 Downtoolong
Downtoolong's picture

they are often on the losing end off counterfeit $100 bills

I’m a bit sympathetic for the restaurant here. I once had a C-note taken when I tried to deposit it at my bank branch. It scanned fake, but, three months later proved to be real after the FBI examined it at their local office. What pissed me off is how the bank did nothing to follow up on my behalf after they confiscated the bill. I had to chase it down at the FBI myself. There’s no fee in it for the bank, so, I guess they just figured it was my problem. That’s banking service for ya.

 

Fri, 03/22/2013 - 15:23 | 3363327 Thisson
Thisson's picture

Find a more customer-service oriented bank or credit union then.  Duh.

Fri, 03/22/2013 - 16:02 | 3363539 NotApplicable
NotApplicable's picture

Tell me again, just how do I get back to the 1980's?

Fri, 03/22/2013 - 16:23 | 3363607 francis_sawyer
francis_sawyer's picture

You're gonna need a DeLorean, some beer cans, & a few banana peels

~~~

I can help you out with the beer cans...

Fri, 03/22/2013 - 15:22 | 3363318 Ancona
Ancona's picture

It would be interesting if we could identify the down-arrow nameless coward who has trolled the site all day like a good little pussy communist dick eating bitch, slamming every post with a pretty red arrow.

That's the kind of guy who would turn you in to the recycling nazi's for throwing away a fucking tin can, just to get the 'atta boy from the gestapo.

Fri, 03/22/2013 - 15:30 | 3363367 Van Halen
Van Halen's picture

Do you think it's a troll or something wrong with the site? Every now and then when I click on Zerohedge today I get this horrible pop-over video that drives my laptop AND ME nuts.

Fri, 03/22/2013 - 15:22 | 3363323 web bot
web bot's picture

It's really not funny to watch our way of life coming apart. This is not a video game or a 2 hour fantasy adventure. When things unravel and it hits home for millions upon millions of people, it's going to get nasty - quick.

Sat, 03/23/2013 - 07:32 | 3365156 e-recep
e-recep's picture

and the worst part is, it takes fucking years. i have been awake since 2006 and I have been a wreck mentally since then. uncertainity kills me.... slowly.

Fri, 03/22/2013 - 15:22 | 3363325 americanspirit
americanspirit's picture

I had the opportunity for a little teaching moment the other day. I handed the cashier a $100 bill and she held it up to the light and hemmed and hawed. "I have to check - this could be counterfeit" she said. "It is counterfeit" I said. You woulda thought that little piece of paper had anthrax on it. She literally jumped back. I smiled and said - "See, you can tell its counterfeit, not real money, because it says right here "Federal Reserve Note". Oh. Hah Hah. Big relief. and then - a little glimmer - "but I know what you mean." Hallaleuja.

Fri, 03/22/2013 - 15:23 | 3363328 UTICA CLUB XX PURE
UTICA CLUB XX PURE's picture

Call the store and tell them how you feel. I told them that we will be boycotting them because of this new policy. Here's the number: 401-886-5700

Fri, 03/22/2013 - 15:32 | 3363381 krispkritter
krispkritter's picture

How about you try calling the FED and let them know how you feel about their driving the value of that $100 into the ground? 1-800-FUK-U-BEN...

Fri, 03/22/2013 - 15:25 | 3363329 Yen Cross
Yen Cross's picture

    Is the restaurant owner doing back ground checks on his employees? I can't wait until he gets sued for Identity Theft.

Fri, 03/22/2013 - 15:39 | 3363416 dark pools of soros
dark pools of soros's picture

cops are thugs or they wouldnt be cops

Fri, 03/22/2013 - 15:25 | 3363338 PAWNMAN
PAWNMAN's picture

They are going to start REALLY pushing a cashless society. It will be in the name financial equality. The poor person will have the same card as the wealthy one.

Fri, 03/22/2013 - 15:50 | 3363478 web bot
web bot's picture

... and that is when government will truly have ultimate control over us. With electronic cash, we are at the mercy of government.

Fri, 03/22/2013 - 16:18 | 3363543 Z'
Z&#039;'s picture

Exactly.  And if you notice, the excuse every time is to stop purported 'criminal activity'.  This is a commonality used by TPTB whether they are stealing from Cyprus accountholders, clamping down on Bitcoin, confiscating/prohibiting cash, or raiding safety deposit boxes.  Always it is to 'catch the bad guys' (actually, in the case of Cyprus, to screw the money launderers/tax cheats).  And people cheer it on, happy to see rights trampled without due process of law... and completely unaware that they, too, may be put in the vice one day.

Someone the other day posted a link on Operation Rize in the UK, a no-holds barred fishing expedition.  Confiscation of private property held within safety deposit boxes left people having to prove ownership of items held for generations.  In some cases, items so proven were still not returned upon proof being provided, as they wanted to assess whether duty/tax had been paid in generations prior when personal items were brought in.  Similar to the Tennessee cash confiscations, there was a police profit motive in 'successful' confiscations.

Here is the link someone posted (thank you to the ZH poster contributing this for discussion):

http://www.standard.co.uk/lifestyle/operation-rize--the-inside-story-on-the-mets-biggestever-sting-6390281.html

Here is more detail:

http://www.dailymail.co.uk/home/moslive/article-1222777/The-raid-rocked-Met-Why-gun-drugs-op-6-717-safety-deposit-boxes-cost-taxpayer-fortune.html

http://www.lawgazette.co.uk/news/met-safety-deposit-box-raid-slammed

[EDIT] re: Cyprus

Fri, 03/22/2013 - 16:20 | 3363601 PAWNMAN
PAWNMAN's picture

It's standard operating procedure for the turds in the California Legislature to confiscate contents of what they consider to be an "inactive" bank safety deposit box.

Sat, 03/23/2013 - 18:36 | 3366949 dark pools of soros
dark pools of soros's picture

join your local time bank...  barter system of an exchange of services ..  tax free!

Fri, 03/22/2013 - 15:26 | 3363342 Van Halen
Van Halen's picture

If a restaurant asked me to fill out a form for a $100 bill, it's the LAST time I'd visit. If people keep going back to this place, they deserve to fill out the form.

Whether restaurants or banks, or politicians, or criminals or dogs or children,

DO NOT REWARD THE UNDESIRED BEHAVIOR

Fri, 03/22/2013 - 15:26 | 3363343 Randy Goodnight
Randy Goodnight's picture

"Your money is no good here."

Fri, 03/22/2013 - 15:27 | 3363348 One World Mafia
One World Mafia's picture

Anonymity isn't the only benefit to using cash. The big banks don't get a cut as they do thru a credit card.  The merchant gets to keep the fee a card would impose.  You don't have to bother reconciling your checkbook.

Fri, 03/22/2013 - 15:36 | 3363401 akarc
akarc's picture

Banks take a cut on checking accounts don't they? Don't know ain't seen a check in so long.

Fri, 03/22/2013 - 15:50 | 3363477 One World Mafia
One World Mafia's picture

The only cut on a check should be going to the company verifiying authenticity of the check.

Fri, 03/22/2013 - 15:27 | 3363353 Stares straight...
Stares straight ahead's picture

To lower his "cost of doing business" Bob Bacon could offer his patrons a deal: 

"I could give you $32.47 in "legitimate" change back on your tab, or you can take a chance on this nice, crisp, $100 bill.  Your choice."

Fri, 03/22/2013 - 15:30 | 3363368 rsnoble
rsnoble's picture

They're not worried about the $100 bill being counterfeit, they're worried about getting stuck with 100 useless dollars. LMAO.

Fri, 03/22/2013 - 15:30 | 3363370 ziggy59
ziggy59's picture

Tyler, maybe you can have the more-on that is junking for no reason other than for attention, to fill out a form similar to the restaurant so we send him some dog 'junk'

Fri, 03/22/2013 - 15:30 | 3363372 michael_engineer
michael_engineer's picture

Speaking of $100 bills, Quick, someone take a hundred dollar bill over there to the euro zone and run it around like super crazy as in the below example and all of the problems will be solved.

http://www.abovetopsecret.com/forum/thread544407/pg1

Fri, 03/22/2013 - 15:31 | 3363376 dtwn
dtwn's picture

Sounds like they need to train their underpaid employees better, they're not that hard to spot.  Or employees are swapping real for counterfeit.

Fri, 03/22/2013 - 16:33 | 3363647 Widowmaker
Widowmaker's picture

Everyone knows employees are never the problem.  Greg now has two problems, a bad employee and customer complaints.

I mean, why not punish the reasonable and prudent, everyone else is.

Fri, 03/22/2013 - 15:31 | 3363377 ziggy59
ziggy59's picture

Hello? Its moronic... All FIAT is counterfeit!

Fri, 03/22/2013 - 15:32 | 3363382 IridiumRebel
Fri, 03/22/2013 - 15:32 | 3363383 Frank N. Beans
Frank N. Beans's picture

good lord, i guess i better not even THINK about using my $10,000 bill.

 

Fri, 03/22/2013 - 15:37 | 3363403 NoTTD
NoTTD's picture

Oddly enough, those are still ok.

Fri, 03/22/2013 - 15:33 | 3363387 UTICA CLUB XX PURE
UTICA CLUB XX PURE's picture

Call them 401-886-5700

Fri, 03/22/2013 - 15:35 | 3363399 ziggy59
ziggy59's picture

Definition of counterfeit
http://www.merriam-webster.com/dictionary/counterfeit

Doesnt GS, JPM, FED, CNBS and .GOV do exactly this ?

Fri, 03/22/2013 - 15:36 | 3363400 NoTTD
NoTTD's picture

If I may quote "To Live and Die in L.A.", 'Shit, man, 100's aint no good in my neighborhood.'

Fri, 03/22/2013 - 15:39 | 3363411 NoTTD
NoTTD's picture

Ten whole days without a bad 100?   Bacon is rockin' it!

Fri, 03/22/2013 - 15:42 | 3363429 economessed
economessed's picture

I don't patronize establishments that do stupid things like: a) make it hard for me to do business with them; b) disallow concealed firearms on premise; c) refuse cash for payment; d) act disrespectful to me; e) make me wait unnecessarily; f) feature religious slogans everywhere; etc.

Guess I can't eat in RI.

Fri, 03/22/2013 - 15:53 | 3363491 W74
W74's picture

I agree with A through E, but what's wrong with religious slogans everywhere? 

Even when I was a non-religious guy I recognized that anyone willing to put on a sign in/on/near their business is a most likely patriot who loves their own freedom. 

Why would you not want to do business with such persons?

Fri, 03/22/2013 - 17:35 | 3363939 ronaldawg
ronaldawg's picture

Yeah - because we all know how dishonest those religious people are - always trying to steal something, cut corners, spit in the food etc.

 

 

 

 

Fri, 03/22/2013 - 15:42 | 3363436 Inbetween is pain
Inbetween is pain's picture

You guys are making a mountain out of a molehill.  One guy does this and it's the end of the world.  Suddently the money nazis are taking over the world.

Fri, 03/22/2013 - 15:46 | 3363449 ziggy59
ziggy59's picture

Suddenly? Have you heard of a lovely place named Cyprus?

Fri, 03/22/2013 - 15:58 | 3363520 akak
akak's picture

The trend is NOT your friend.

Fuckwad.

Fri, 03/22/2013 - 16:26 | 3363624 notadouche
notadouche's picture

Funny the Jews said the same thing when Hitler ordered the rounding up the homo's and retarded folks.  

We are a house of cards.  One card gets removed, what happens.  After all it was just ONE card.  

If you let one guy get a way with it then the next guy thinks he can do the same thing and then an entire community leads to the state which leads to a region which leads to a country.  It's not that hard, it's what lawyers and media refer to as "a slippery slope"  You might want to look that up over the weekend.

Fri, 03/22/2013 - 15:43 | 3363438 ziggy59
ziggy59's picture

I should hand the sucker my 50 Trillion Zee Note for giggles...

Fri, 03/22/2013 - 15:44 | 3363441 sitenine
sitenine's picture

Trust is dead

Fri, 03/22/2013 - 15:47 | 3363454 seek
seek's picture

When I get cash these days, I specifically ask for $50s, because $100s get way too much scutiny.

I think the problem (other than the fiat-is-counterfeit problem) is that all $100 are still old-style, non-colored bills, due to the BoE fuckup. So they're simply easier to counterfeit than any other bill at the moment. Because most $50s are the new colored bills with additional security measures (color shift ink, etc) I never seem to have a problem with them.

If I was ever asked to fill out a form for a cash transaction, though... I wouldn't, and that would be my last transaction.

Seriously, what are they going to do? Call the police because you didn't fill out a form? Unless they've posted signage, they don't have a legal leg to stand on, and even then I'm not sure.

Fri, 03/22/2013 - 15:52 | 3363481 Ignatius
Ignatius's picture

$50 is the new $20

Inflation, ya know....

Fri, 03/22/2013 - 16:06 | 3363560 NotApplicable
NotApplicable's picture

Really? When I hand anyone a fifty, they don't even think it's a real note, since they've never seen one before.

Same with $2 bills.

Fri, 03/22/2013 - 17:46 | 3363988 Agent P
Agent P's picture

$2 bills are awesome....strippers often mistake them for $20s in the dark.

Fri, 03/22/2013 - 15:55 | 3363502 ILLILLILLI
ILLILLILLI's picture

Next they'll be asking you if you're authorized to carry cash....

Fri, 03/22/2013 - 15:56 | 3363507 mayhem_korner
mayhem_korner's picture

 

 

Paper as collateral for fiat - what will they dream up next?

Fri, 03/22/2013 - 15:58 | 3363519 tony bonn
tony bonn's picture

this explanation is bullshit and total cia....there are very effective means for identifying fake 100s at pos...these nazi control freaks can go fuck themselves...

Fri, 03/22/2013 - 16:01 | 3363532 augmister
augmister's picture

RI has the highest unemployment rate in the US.   Afterall, these "less perfect" Benjamins are just the product of enterprising individuals, who hope to create economic development out of nothing.  The pinnicle of EconObamanism!   Long live the Socialist Democrat Paradise of RI, comrades!   RI is the face of our national economic failure..... dead ahead and coming up quickly in your windshield.

Fri, 03/22/2013 - 16:02 | 3363536 Bansters-in-my-...
Bansters-in-my- feces's picture

Sounds like a "local restaurant chain" is
"Going Out of Fucking Buisness."

Ps...fuck yous bankers.

Fri, 03/22/2013 - 16:03 | 3363544 Eagle Keeper
Eagle Keeper's picture

S&H Green Stamps !!!!

Fri, 03/22/2013 - 16:04 | 3363547 snblitz
snblitz's picture

$100's ? 50's? How about 10's?

I was at a McDonalds that I used to frequent.  They refused a $10 bill saying it was fake.  In fact they had given me the bill 4 days earlier.  So we know who was passing the counterfiat currency.

I took it to the bank and they said it was real.

Fri, 03/22/2013 - 16:19 | 3363593 krispkritter
krispkritter's picture

Ironic seeing as how they sell counterfeit food...

Fri, 03/22/2013 - 22:21 | 3364782 francis_sawyer
francis_sawyer's picture

Damn ~ If you were jewish, you could file a 'hate crime' lawsuit on them & walk away with a lot of loot...

Fri, 03/22/2013 - 16:04 | 3363552 jeebus
jeebus's picture

I just won't patronize his restaurant. What kind of person in the "service" business, inconveniences his customers?

Fri, 03/22/2013 - 16:05 | 3363558 Bear
Bear's picture

Plastic trumps paper

Fri, 03/22/2013 - 16:23 | 3363610 Atticus Finch
Atticus Finch's picture

Time for your to review the Aaron Russo interview.

Fri, 03/22/2013 - 16:06 | 3363559 Ayn Rand
Ayn Rand's picture

I would tell him to go fuck himself.

Fri, 03/22/2013 - 16:06 | 3363561 conspicio
conspicio's picture

Just for fun just sprinkle your next dinner bill with coins over $.25 in denomination. I had a waitress at a high end restaurant insist I had underpaid my bill because no one...NOT ONE IDIOT IN THE PLACE...had ever seen a dollar coin (Sacagawea & Susan B.'s were thrown down). Once they verified it (via wikipedia, which they trusted infinitely, of course) they all thought it was cool and apologized...with a $25 gift card since they made a bit of a scene. Postal machines always seem to give me these so I save them up and then dispose of my legal tender. Blows. Their. Fucking. Mind.

Fri, 03/22/2013 - 16:09 | 3363569 Totentänzerlied
Totentänzerlied's picture

I wonder if maybe this has something possibly to do with the fact that for a small business, getting caught with counteirfeit fiat is an expensive hassle. So they are attempting to mitigate their risk by passing it to you. That is what happens when margins compress and growth prospects evaporate. Welcome to the recovery.

Fri, 03/22/2013 - 16:30 | 3363636 notadouche
notadouche's picture

Funny thing is that many a toothless half wit convenient store clerk is capable of holding the $100 bill up to light and determine if it's a fake or not.  This guy can't manage that?  Are you saying the government has gone to great lengths remaking the bills in order to easily ascertain if it's a fake or not.  Are you saying the US government has wasted much time and money in this endeavor?

Fri, 03/22/2013 - 19:15 | 3364273 Long_Xau
Long_Xau's picture

This article about the same story says they did all normal tests on the notes, but the fakes were too good. Those supe-good fake dollar bills are becoming a more substantial issue. Stop defending the usability of the paper money! You are against legal tender laws but want to be "protected" by them since they exist anyway (btw they wouldn't protect you in this particular case if the restaurant lets you know in advance what and how they accept as a payment). SILVER, BITCH!

Fri, 03/22/2013 - 21:17 | 3364409 notadouche
notadouche's picture

Why are people so willing to give out their private information to any and everyone that ask.  No wonder it's a field day for Identity theft.  I wonder if he has a legal responsibilty to ensure that all this information he is collecting is kept secure and what, if any, is the legal recourse if he does not keep the information secure or he actually sells it to a third party which would open him up to a beating in my opinion.  I don't know this guy and don't know what he is capable of. He could very well be the crook in this situation hiding behind protecting himself from being ripped off.   I suppose I would want his same information in return in order to protect myself and give it to an investigator if he fucked me over with my private information.  He shouldn't object being required to provide the same information he's demanding  from his patrons.

Fri, 03/22/2013 - 16:15 | 3363585 notadouche
notadouche's picture

You want my money then you take it in the form it is offered but I'm not filling out any form when paying with cash.  Until they outlaw the government backed paper money they will either take the money I offer or I will eat for free.  I suppose I may get creative, pull a Kramer,  and pay with a bunch of coins.  

Fri, 03/22/2013 - 16:15 | 3363586 KingdomKum
KingdomKum's picture

just called Bob's restaurant and made a reservation for dinner for Saturday night for a party of 20  .  .  .

Fri, 03/22/2013 - 16:19 | 3363597 debtor of last ...
debtor of last resort's picture

Correct Tylers. This is where things start. I had a similar experience about 1,5 years ago; buying toys for my kid, honey boo boo behind the counter said: can't take a €100,- bill. My response within 0,3 seconds: you take the bill or you can shove that toy somewhere it's dark most of the time. She called her boss and it was OK. The moment fascism sticks out her tongue, you have to bite.

Fri, 03/22/2013 - 16:23 | 3363603 Hannibal
Hannibal's picture

A simple solution is stop being the idiot chump consumer.

Fri, 03/22/2013 - 16:24 | 3363615 Hannibal
Hannibal's picture

Just quit being an idiot chump consumer.

Fri, 03/22/2013 - 16:27 | 3363628 Room 101
Room 101's picture

Oh for God's sake.  This one fucking restaurant chain with 4 restaurants in a country of 300 million plus people, with over a half million restaurants.  Obviously, this is not a place you want to patronize, so don't.  But this is NOT news. 

Fri, 03/22/2013 - 16:28 | 3363633 Widowmaker
Widowmaker's picture

"Hey hey hey -- goodbye." One more business bites the dust.

If they don't want Widowmaker's money then that is just fine --fuck'em

The Fed/Treasury will just print the difference and give it to their "chosen" bullshitters anyway.

Fri, 03/22/2013 - 16:32 | 3363642 Rustysilver
Rustysilver's picture

I would not be suprised if the guy serve fake horse meat.

Things are getting stranger and stranger.

Ron Steiger (?) from Twilight Zone must be saying somewhere: Why did I not think of that.

Fri, 03/22/2013 - 16:34 | 3363655 Stuck on Zero
Stuck on Zero's picture

The solution is so simple.  Simply flash your new Bernanke Cash Card.  This card will enable you two pay your debts with FRNs.

 

Fri, 03/22/2013 - 16:35 | 3363658 ParaZite
ParaZite's picture

How DARE you pay for something with a 100.00? Debt slaves are not entitled to use debt coupons, you must use your debt card, like every other slave!

Fri, 03/22/2013 - 16:37 | 3363665 rtbarr
rtbarr's picture

If enough customers decided to patronize other restaurants instead of this one, this foolishness would stop.

I shop at thrift stores, and most of them test any bill larger than a ten with the marker that changes color with fake bills. It only takes a second, and does not affect the privacy of a cash transaction.

Fri, 03/22/2013 - 16:39 | 3363670 Inbetween is pain
Inbetween is pain's picture

The outrage here just cracks me up.  What is everybody afraid of?  That this restaurant owner is going to report you to the IRS or Homeland Security?  Jesus, he's just trying to protect his business, even if he's doing it in a stupid way.  You act like he's the beginning of an ominous trend--a clear sign of capital controls coming to Amerika.  Give me a break.  Maybe capital controls will come here, but this has absolutely nothing to do with it.  It's one guy who is tired of getting counterfeit bills.  That's all.  I've seen a lot of businesses that say they don't accept anything higher than a 20.  Would it make you guys happier if he had done that instead?

Fri, 03/22/2013 - 16:43 | 3363681 flacorps
flacorps's picture

Test the bills, don't track the customers.

Fri, 03/22/2013 - 16:59 | 3363728 notadouche
notadouche's picture

Your right, I'm sure this establishment will guard your personal information with the highest level of integrity so no need to worry about ID theft.  Hey why your at it why not just go ahead and publicize your SS number as well.  Some asshole at the bar sees the information and decides the woman paying with the $100 bill writing her name, address, phone number and DL wouldn't make an easy target for assault either.  I would wonder what the liabilty for the owner would be in this case, though we all know something like this would never happen.

Fri, 03/22/2013 - 16:41 | 3363676 flacorps
flacorps's picture

Boycott

Fri, 03/22/2013 - 16:48 | 3363686 roadhazard
roadhazard's picture

Just more grief I don't need. I'll be eating somewhere else. Thank you for the warning.

Fri, 03/22/2013 - 16:49 | 3363697 robertocarlos
robertocarlos's picture

I don't like our new plastic 100s and 50s but a 20 buys only a small bag of groceries. The grocery store cashier said most payments are debit card payments. People with cash are terrorists or drug dealers at best.

Fri, 03/22/2013 - 17:27 | 3363888 DosZap
DosZap's picture

I don't like our new plastic 100s and 50s but a 20 buys only a small bag of groceries. The grocery store cashier said most payments are debit card payments. People with cash are terrorists or drug dealers at best.

Where are you getting PLASTIC currency?.I have yet to see ONE of them.

Fri, 03/22/2013 - 19:59 | 3364419 robertocarlos
robertocarlos's picture

Sorry I' should have said I'm in Canada. We will have all plastic bills soon. I think the 20s are due this year. 10s and 5s will also be plastic as they last longer. They stick easily together and feel strange when you have had paper for 55 years but we will adapt. I already have a crocodile wallet that does not fold the bills. It's so European.

Fri, 03/22/2013 - 16:49 | 3363701 Atomizer
Atomizer's picture

A $52 investment will retain customer’s who prefer to pay cash.

http://www.accubanker.com/products/counterfeit-detectors/D63.phtml

 

 

Fri, 03/22/2013 - 16:51 | 3363706 Dre4dwolf
Dre4dwolf's picture

I REFUSE TO TAKE 100S FROM BANKS, SPECIFICALLY CHASE, EVERYTIME I WITHDREW MONEY FROM CHASE ATLEAST ONE OF MY 100S WERE FAKE or "Old Crispy New Bills", IE: 100s from 1952 that look like they were printed yesterday!

 

ITS THE BANKS COUNTERFEITING THE PAPER.

Fri, 03/22/2013 - 16:54 | 3363708 CheapBastard
CheapBastard's picture

Ha ha ha...they can have my name, phone number, etc...just gimme the physical goods! I guarantee I will ALWAYS be able to find someone who will  buy (or swap) physical anything versus taking paper.

Fri, 03/22/2013 - 16:55 | 3363718 q99x2
q99x2's picture

The banks are turning nations into cash only economies (by account confiscations) and businesses are refusing to accept cash. And so another week comes to an end.

Fri, 03/22/2013 - 18:38 | 3364171 Long_Xau
Long_Xau's picture

So next step: cash gets substituted with silver. Silver bitchez!

Fri, 03/22/2013 - 16:58 | 3363724 spooz
spooz's picture

"The reason, says chain owner Bob Bacon, is to deter people from spending counterfeit cash.

"It started around Christmastime: "We started seeing an influx of pretty sophisticated $100 dollar bills. They passed the normal tests," said Bacon -- until they were deposited in the bank.

It happened often enough -- six in about two months, as opposed to maybe one fake bill a year -- that Gregg's decided to start asking for some basic contact and identifying information whenever anybody wanted to pay with a hundred. The form is very basic, and includes a box to write down the customer's driver's license number.

If the transaction included something bogus, Bacon figured, it'd give investigators a clue to go forward."

http://www.wpri.com/dpp/news/local_news/providence/warwick-greggs-restau...

One guy's effort to fight fraud he has actually encountered in his business becomes grist for the ZH propaganda mill.  Surely you could have found a way to include BITCOIN in the story?

Fri, 03/22/2013 - 17:09 | 3363801 notadouche
notadouche's picture

And an individual's effort to use legal tender without harrassment and doling out personal information to any halfwit just because he ask becomes grist for people that do not seem to value an individual's right to privacy.  I'd rather give the guy my finger print than my home information.  How do I know the guy isn't selling the information or running an ID theft ring?  No resturaunt has ever been a front for criminal enterprise so I know what I suggest is far fetched.

Fri, 03/22/2013 - 17:14 | 3363817 spooz
spooz's picture

Nobody is forcing you to do busines with the dude.  And he is hardly setting any trends.

Fri, 03/22/2013 - 17:17 | 3363841 notadouche
notadouche's picture

Where did I say anything about setting a trend in the post you are responding to?  You are right no one is forcing me to do business with the dude and no one would be successful forcing me to tell them my personal information while paying with legal tender either.  Until they outlaw cash that is.

Fri, 03/22/2013 - 16:59 | 3363725 Bastiat
Bastiat's picture

Went to a coffee shop today and they had $1,000,000,000 FRN in the tip jar.  A couple years ahead of the times.

Fri, 03/22/2013 - 16:59 | 3363726 cheetahbaby
cheetahbaby's picture

Odumbwa must hate dat "10 spot" (sawbuck)sumpin' fierce, cause I ain't seen no 10 dollar bill with a date newer than 2009. Most tens around here look like dey been to Guatemala and back in wet clothes. Just a little peculiar... CB

Fri, 03/22/2013 - 17:02 | 3363750 JLee2027
JLee2027's picture

So he cost himself $500 over the past 3 months being unable to detect counterfeits. I think he loses most of his business with this hare brained scheme.

Fri, 03/22/2013 - 17:19 | 3363844 MagicHandPuppet
MagicHandPuppet's picture

Bob = Useful idiot

Fri, 03/22/2013 - 19:26 | 3363846 Money 4 Nothing
Money 4 Nothing's picture

Search: Turn in your Bin Ladens. Quite telling of future events.

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