Have You Seen the New Hundred-Dollar Bill?!

Chuck E. Cheese has gone bankrupt. But this story has an interesting and useful twist.

New to Manward Digest?   Click Here   to get started.

See that volume spike? Somebody just decided to buy a LOT of gold. And I think I know why... If you own gold (even just a few ounces of it), you've got to see what's happening. Click here. A Lesson in Modern Economics... From Chuck E. Cheese By Andy Snyder, Founder   Did you hear the news? It's bad. Chuck E. Cheese has gone bankrupt. It turns out it's tough to convince busloads of families to have some fun eating lousy pizza at an arcade in the midst of a pandemic. But this tale has an interesting and useful twist. You see, with $1 billion in debt and no hope in sight, the restaurant chain with a mouse for a logo (we heard management will soon start a hotel business with a bedbug as its mascot) was forced toss up its arms and push aside its debt. But before the company can clean up its books, it has to get rid of an odd liability. It has more than 7 billion prize tickets in its warehouse. With a face value of $0.0013 each... that's a lot of, um, cheese. New Money It's a lesson in modern economics. It's why we demand the next roundtable meeting of the Federal Reserve be held right between the ball pit and the Skee-Ball machines. You see, those 7 billion prize tickets are worth a lot of junk. If they were cashed in, they'd be worth some $9 million in prize merchandise... far more than the company can afford these days. That's why the rat's lawyers went to court last week. They asked a judge in Texas whether the tickets - which haven't been paid for yet - could be destroyed. "Prize tickets are redeemable by guests at significantly higher value than the cost of prize tickets," they wrote in plea for relief. The fix sounds simple. Trash 'em. Nothing is ever so simple in the world of money... and its fake equivalent.   SPONSORED Expert Who Recommended Tesla at $37 Reveals Bold New Stock Prediction This obscure small cap 5G stock has partnered with AT&T, Verizon, T-Mobile and Sprint. Its technology is protected by 200 patents. It counts the U.S. Army and Department of Homeland Security as customers. And it's expected to SKYROCKET. Get the scoop here...   Those tickets fill the equivalent of 65 cargo containers. They can't just be sat out on the curb. And three companies still need to be paid. The bankrupt mouse will have to pay out more than $2 million just to get out of this trap. But here's the rub... It's why we're writing you about this news of the odd. Chuck E. Cheese isn't closing its doors. If it were, those tickets would not be an issue. Instead, the company is simply going ticketless. Its prizes will now be paid out using an all-electronic paperless system. Welcome to the Future So why would a bankrupt company pay more than $2 million to get rid of a product that's still perfectly good and perfectly usable? It will, after all, continue to honor the tickets that remain on the street. This is where it pays to think a bit differently... to understand there's always more to the story. A whole lot more. You see, Mr. Cheese ain't dumb. He knows a thing or two about how the human brain works. He's read the many studies that show when we have something physical in our hands, humans give it much more value than if that thing existed merely electronically. In fact, a recent study published by the Journal of Consumer Research showed that we put much more value into something we paid for with physical cash than we do the same product paid for with an entirely electronic transaction. Proving the point another way, a group of researchers recently tracked a diner as it changed its "frequent buyer" program. Instead of punching a hole in a card each time a customer bought a cup of coffee, the new system tracked things electronically. As we would think, retention went down and customers put less value in the new digital system. Now... think about what this means as our economy quickly goes cashless. More Spending... Less Saving Think about just why so many companies were oh so eager to take advantage of a "coin shortage" during the height of the pandemic slowdown. And think about how sticking with cash can give you an "unfair" psychological advantage when it comes to saving and spending. The government... our banks... our stores... They all want us to go digital. It means we spend more and they can track more. But we should want nothing to do with it. It makes us spend what we don't have. It gives others control of our money. And it makes it a whole lot easier to erase liabilities when things go bankrupt. The rat with the pizza learned a valuable lesson. Paper money is expensive and puts control in the wrong hands. We should print his mug on the hundred-dollar bill. He's in front of a trend that's not going away. The dollar bills in your wallet will someday go extinct. We just hope they're worth more than the cost to toss them in the trash when they do. Fight the trend. Stick with cash. To get our latest research on this cashless trend and learn about a law that could soon be headed our way, click here. Washington is getting desperate for a way out of this mess. A decision by just a few folks during a secretive post-election meeting in November could spell trouble for cash. Learn why you should move your money now. Be well, Andy Have you tried to use cash but had it be refused? Tell us about it at mailbag@manwardpress.com. Spread the Manward → FACEBOOK   SPONSORED WANTED: People Who HATE Flipping Houses... but LOVE Collecting Real Estate Income It seems EVERYONE wants to get rich from real estate... Until they realize how much @#$% work it is! But there's a better way. In fact, Forbes says this special type of real estate investment has "a long history of outperforming direct real estate investing." And it takes just five minutes to get started. Click here to see how you can make a "flipless" real estate fortune.   You are receiving this email because you subscribed to Manward Digest. To unsubscribe from Manward Digest, click here. Need help with your account? Click here. Have a question or comment for the editor? Click here. Please do not reply to this email as it goes to an unmonitored inbox. To cancel by mail or for any other subscription issues, write us at: Manward Press | Attn: Support Team | 14 West Mount Vernon Place | Baltimore, MD 21201 North America: 1.800.682.5210 | International: +1.443.353.4263 Website: manwardpress.com Keep the emails you value from falling into your spam folder. Whitelist Manward Digest. © 2020 Manward Press | All Rights Reserved Manward Press is a financial and lifestyle publisher that does not offer any personal financial advice or advocate the purchase or sale of any security or investment for any specific individual. Members should be aware that investment markets have inherent risks and there can be no guarantee of future profits. We expressly forbid our writers from having a financial interest in their own securities recommendations to readers. All of our employees and agents must wait 24 hours after online publication or 72 hours after the mailing of printed-only publications prior to following an initial recommendation. Any investments recommended by Manward Press should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. Protected by copyright laws of the United States and international treaties. The information found on this website may only be used pursuant to the membership or subscription agreement and any reproduction, copying or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of Manward Press, 14 West Mount Vernon Place, Baltimore, MD 21201.