Not so. Banks were regulated for 70-plus years; and prior to that, working under State laws. Moreover they were TRUSTWORTHY - because dishonest banks quickly folded as owners absconded, and usually wound up with prosecution.
That is the difference: Rule of Law and Equal Justice is now being erased.
Never were we a lawless kleptocracy. We used to marvel that Mexico and Central American republics couldn't get out of their chaos. Then, edu-indoctrinated young liberals decided to PRETEND that it was all about not having access to American money - and tried Nation-Building.
Didn't work, because without a cultural sense of morality, there can be no industrial society.
Now we're joining those lawless Failed States. Even to bringing in YUUGE numbers of their worst elements.
Cashiers had scheduled drops from their tills. Managers or Head Cashiers recorded the take, prepared deposits. One, two, or three a day, depending on how large the business and how busy.
Brinks or a similar armored courier would take receipts...their couriers clean, un-tatted, sober...having passed background checks (part of what the courier service OFFERED; employees who could be TRUSTED) and in their clean, pressed military uniforms, would take the cash receipts to the business's banks.
Smaller businesses would have the manager make the cash drop. That could lead to problems - I was a fast-food manager for a time, and an hotel night-shift desk clerk before that. The risk was, first, the manager getting mugged (happened to the hotel manager once) or the manager turning thief (common in fast-food operations, where management comes and goes). We used to send TWO people, sometimes THREE (the third person a shadow in a different car) to make the 11pm final bank deposit.
This has never happened in America before.
In nations where it has and it's commonplace...those nations have no large-scale businesses. They have street vendors.
We call them The Third World.
Yes. And I'm pointing out that the logistics of holding cash without banks, are somewhere between inconvenient and impossible.
There's a big difference between "cash sales" and "Banks are Woke and seizing customers' money/refusing customers."
It's not convenience.
It's the logistics of it.
Logistics. Meaning, here, is it PRACTICAL. In theory, we could easily get along in a barter economy...you bring your wheat to market, I bring my 20 hogs, and we trade without cash.
In practice, there's problems. That's why there's money.
In practice, there's problems with big piles of money, made at markets or various trade points. Big piles of money require large numbers of guards. Plus ways of keeping the guards straight.
Okay, we agree here, that CBDCs are not an answer; they're a trap and a tool of enslavement.
But the play is already set, by eroding trust in banks and in law.
You say, sure, we'll have a countinghouse under every Dillard's and Target.
I say, it's not practical.
I also say, that since it's getting to that, we're going to go the way that other regions, other societies went when no one could be trusted.
Beggars in the street; open bazaars for artisans to sell their clothing and wares, and everyone living at subsistence.