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> They can't control the black market in drugs, what makes them think controlling a black market in cash, which is a million times more desirable, will be any m

• HDMI_Cable 3y ago
  Right, but they don't control the distribution and transaction of cash. They may stop producing €500 notes—for example, but there is nothing they can do to stop these farmers or undocumented immigrants from bundling together >€3000 in smaller notes for use in paying rent, buying cars, or investments.
  • BSEdlMMldESB 3y ago
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    • input_sh 3y ago
      > if they find more than 3000 eur in one place that is not pre authorized, they will confiscate it all and punish the people who had that kind of cash; it's becoming 'the law' Can you please not make shit up to be obsessed about?
      • gunapologist99 3y ago
        No need to curse to make your point, especially since this is a burgeoning area of both criminal and civil law in western countries. https://en.wikipedia.org/wiki/Asset_forfeiture#European_Union https://en.wikipedia.org/wiki/Asset_forfeiture#European_Unio...
        • ffhhttt 3y ago
          So you need to be convicted by a court and the government needs to be able prove the money was obtained from illegal sources? How is that unreasonable and more importantly what does it have to do with the €3000 limit discussed in this thread?
          • gunapologist99 3y ago
            It can simply be seized. Whether a conviction occurs in court is largely irrelevant, because it's in excess of the 3000 limit that this law actually puts in place, and therefore de jure illegal. In the U.S., no conviction of the owner is even necessary, since the conviction is of the cash itself. This is likely coming to EU as well because it's a easy way for the enforcement state to increase its coffers and, in theory, stop money laundering.
            • input_sh 3y ago
              > because it's in excess of the 3000 limit that this law actually puts in place, and therefore de jure illegal. I don't get it, do you not understand the difference between possessing a certain amount of cash and making a single payment over a certain amount in cash? How do you make a logical leap from the latter to the former?
          • frumper 3y ago
            Similar laws in the US have readily morphed into we're going to hold it until you prove it's not from illegal sources. Googling it will provide many examples.
            • deleted 3y ago
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            • ffhhttt 3y ago
              I don’t care about examples from the US. How is that relevant or at all related to this specific ban?
    • ffhhttt 3y ago
      > they find more than 3000 eur in one place that is not pre authorized, they will confiscate Any sources which would substantiate this claim?
  • consp 3y ago
    Fyi production of 500 euro bill was halted over three years ago.
• cianuro_ 3y ago
  Not from the Netherlands but from a small third world country: farmers around here like to buy things on spot doing handshake deals and carrying bags of cash. I've heard them buying a lot things from cattle to agricultural supplies and even vehicles. Mind you, this is a poor country. The middle class in the capital city can't even dream of making what these farmers make.
  • ticviking 3y ago
    I still see this in rural America. Guys show up and transfer the title on the car for an envelope of cash and a signature. Same for livestock, butchering, services and so on.
    • porkbeer 3y ago
      Done this for over 20 cars, not rural, or old. You sound like you have never bought a car without a loan.
    • gunapologist99 3y ago
      I've done this myself many times. No one wants a check (especially not a probably-fake cashier's check) and no one wants to take the time to go to a bank, and why does the bank need to be involved or aware at all.
      • ffhhttt 3y ago
        > and why does the bank need to be involved or aware at all In the EU you can transfer the money instantly using your phone. Not that I agree with the ban but a lot of the issues people are discussing here are only relevant in the US (checks? lol.. what is this the 60s?)
        • gunapologist99 3y ago
          You can in the U.S. as well, with the security nightmare that is Zelle.
    • 3y ago
• motohagiography 3y ago
  - paying a team of day labour workers - hay / feed delivery - combine/equipment rental - equipment resale - livestock - farm vehicle sales / repair It's probably fine, and I hear you can eat bugs.
  • ffhhttt 3y ago
    I’m pretty sure the 3000 limit is not at all a huge issue in any of those cases pretty much anywhere in Europe and bank transfers are also cheap and instant. Not that I agree with this ban. I really don’t but focusing on farmers specifically is very strange when farming is so heavily commercialized, especially in the Netherlands.
    • TechBro8615 3y ago
      Bank transfers are cheap and instant when both parties in the transaction have a working bank account, which means they had a residence where they could receive mail, which means they had government identification, etc.
      • mistrial9 3y ago
        having an address and ID is not so much a problem, it is keeping your address and ID valid once a few dozen people in authority can live for years by charging money for lots of reasons to renew them, and perhaps also problems for you if you do not behave. This is as old as countries themselves. You must be intellectually dishonest to ignore these historically crucial patterns.
      • ffhhttt 3y ago
        You can get a functioning bank account usually in less than 30 minutes by downloading an app as long as you have a valid ID (no verified address is needed) But yeah, if you’re not a citizen and don’t live in the EU it might be tricky (then again AFAIK bringing large amounts of cash from a third country is not that straightforward either). What does this have to do with Dutch farmers, though?
      • 3y ago
• dylan604 3y ago
  >Do you have any actual example of that ? What transaction do small farmers need to do along roadside for thousands of eur ? As kid of small farmer I don't remember anything like that ever happening. While each transaction might be <3000, on a good weekend, I could see it totaling to be over that amount. At this point, would it be illegal for the farmer to show up to his bank to deposit 3001? Does the farmer now need to waste time to make 2 separate trips to make each deposit < 3000? Maybe take the spouse and kids along so they each make a smaller deposit? Does this require visiting multiple branches?
  • mdrzn 3y ago
    You can deposit whatever amount you want into your bank account, they just might ask questions regarding where the money came from, and if you show that you sold products there's zero issues.
    • gunapologist99 3y ago
      > show that you sold products there's zero issues well, there might be one small issue! how can you 'show you sold products'? after all, you sold them!! isn't the cash sufficient to show you sold products? hasn't it been sufficient for thousands of years?
      • ffhhttt 3y ago
        Every single country in the EU has VAT. If you’re yearly revenue is to low (not that likely for commercial farmers) you still have to give out receipts for every sale. Also have you heard about bookeping? It’s also a thing that has existed for thousands of years.
        • gunapologist99 3y ago
          So a farmer is giving out receipts; how does that help the farmer at the bank? To sum up, what is the standard of records that the bank will accept? Is there one? does the bank say, "we see you wrote that you sold 20 boxes of produce on Saturday"
• cinntaile 3y ago
  > Well, for one, they control cash production They have the euro as do most countries in the EU so they don't control cash production.