The money we use is not legal tender

[Aspergers_Aspie]

The money we use where I live is not legal tender, here is why. I wonder if everyone knows this

 

[Outdated]

I never knew Scotland had it's own notes, I just always assumed they were using Pounds Sterling. And they're still made of paper too which would make anyone not aware of them very suspicious. Most modern countries these days use plastic money, Australia started the trend and we now print the bank notes for about a dozen other countries including the UK and Europe.

 

[Judge]

Shucks, and to think I was saving this bad boy for a rainy day!

 

[Dagan]

No system of money works outside of just a societal belief that it does. Same goes with all rules, laws, etc. Belief is the ultimate (and only true) enforcement of anything "working."

If everyone would finally, suddenly just wake up tomorrow and stand firm that they alone should decide their worth and what everything else should be worth, everything about money systems would crash.

Stocks are even worse because that's nothing but "projected worth" that happens to get "insured" by a financial institution to back it up. Literally all of the numbers of up and down worth that you can see daily with stock markets are seriously just what people do or don't believe it's worth from one minute to the next.

Worse is when you realize that the only folks who enforce (with guns, badges, authority, etc.) any forms of class and wealth...only do so because they are getting "paid" to do so.....meaning that they have bought in hard and believe it more than most. Those are the most dense and most dangerous of them all - those who enforce the nonsense. All of it coming down to the core fact that the elites believe no one else will do any work (for them - that benefits primarily them) unless there is reward (being forms of profit - ie...money). It's nonsense, though. Humans are inherently bound to always do something out of stress in the first place, and if the depression and struggle of class systems and wealth ladders would go away, a crap ton of depression, struggle and negative stress would go away resulting in people actually getting out and doing more. It's incredibly simple. If you want people to work...doing anything at all...don't make them hate it. You still want folks to know what they're doing and talking about correctly, of course, so there would still be proper learning, but do away with debts, stress, class systems and elitism to even be able to do whatever job, and I contend most everyone will want to do them. You want more teachers? Don't make them lower than a doctor. You want more true leaders? Don't make a system full of mistrust, back stabbing, lying, cheating, popularity contests (voting/campaigns) and then some to even partake. Etc. Etc. Etc.

It's really, really stupid, and yet the few of us who hate it are still forced to abide by it because of the masses who like to claim how woke they are...and are honestly just in comas. It's among the greatest insults to intelligence and therefore among the greatest of annoyances.

 

[Judge]

A much simpler explanation, without any political barbs:

"As it stands, businesses throughout the UK are free to choose what form of payment they accept.
There's no Bank of England rules or laws governing what they have to accept - that's why, since the pandemic, some cafes, restaurants and retailers no longer take physical cash whatsoever, they're not obliged to.

The short answer is it is up to them, as businesses outside of Scotland within the UK can decide whether or not they accept Scottish banknotes as a form of payment."

https://www.thisismoney.co.uk/money...Three-shops-refused-Scottish-20-recently.html

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[Outdated]

No system of money works outside of just a societal belief that it does. Same goes with all rules, laws, etc. Belief is the ultimate (and only true) enforcement of anything "working."

Although this is true to a degree, having a legal definition of "money" and a legal framework surrounding it makes a big difference.

"As it stands, businesses throughout the UK are free to choose what form of payment they accept.
There's no Bank of England rules or laws governing what they have to accept - that's why, since the pandemic, some cafes, restaurants and retailers no longer take physical cash whatsoever, they're not obliged to.

Australia is different. Many situations have popped up in recent decades where businesses try to refuse cash and our government steps in and restates the laws loudly and clearly so that everyone understands.

In Australia our money is Legal Tender by law and businesses have no choice but to accept cash if it is proffered. There are exceptions made for some specific business models, ecommerce is a huge part of our economy, but for the most part businesses are obliged to accept cash. Employees can also demand that they be paid in cash if that's their preference.

 

[Judge]

In the US, retail clerks cannot refuse legal tender, (including coins or currency), as payment for debts unless there is a specific state law that allows them to do so.

Seems to me some time back I heard about a defendant who lost a lawsuit and chose to pay the plaintiff in change. Awkward....with a hefty amount of money due the plaintiff. Then again there have been defendants like OJ or DT who simply never pay what they owe, legal tender or not.

 

[Outdated]

Seems to me some time back I heard about a defendant who lost a lawsuit and chose to pay the plaintiff in change. Awkward....with a hefty amount of money due the plaintiff.

We have laws around that too and businesses can refuse payments made in such a way as to be "vexatious". In other words they don't have to accept hundreds of dollars worth of 5 cent coins. Or, they can accept the payment but charge the payer for the time it takes to count said coins.