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

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:

Comments

[notadouche]

Name:  Phil McCracken, Mike Hunt, Holden Mykoksak.  

 Address: 1600 Pennsyvania Ave.  Washington, DC

DL #: I don't drive, I don't have one.

Phone #:  [phone]

. 

[pipes]

It's a restaraunt...you pay when you've finished, right?

Whip out the hundy and refuse to give the info...they can take it or leave it...fuck Bob.

[Long_Xau]

Why all the agonizing compromises trying to keep the dying paper currencies flowing. Start using gold and silver already.

As for anonymity - it is no longer impossible with electronic transactions since the advent of Bitcoin, which you can also convert to gold and silver.

[Darth Rayne]

The real $100 bill scam is planned but not actioned yet. First, the hint here is to get rid of your $100 bills for lower denominated bills. I suggest you do this.

The real scam is when you lose reserve currency status. Ben doesn't want all those $100 bills coming back home. He declares them ALL counterfeit and issues the new $100 bill, which has been 'ready' for the last ten years. The new 'golden' $100 bill won't be allowed to leave the US and old $100 bills won't be legal within the US.

I am sure the Russian Mafia, Bulgarian Mafia, Romanian Mafia and the rest will have quite a chuckle over this. Land of the free is soon to be land of the fucked and land of the fuckers. Fuck Bernanke is one of the fuckers. (The clue is in his name.) Anyway have fun, its not your fault, it's not your fault, it's not your fault, it's not your fault, it's not your fault, it's not your fault, it's not your fault, it's not your fault.

[honestann]

SIMPLE
SOLUTION
Anyone who demands my ID loses my business forever.

[22winmag]

I bet the gas-tax-dodging Albanian terrorists that run the local gas station will still take $100s, no questions asked. If it's fake they'll just take you out back and shoot you.

[Getting Old Sucks]

Just left a little feedback at their website.  Took one minute.  Hope they get a few thousand.

https://greggsusa.com/feedback

[ncdirtdigger]

FIne, I got a large bag on pennies in my trunk.