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Use up your gift cards now

Submitted by gumdrop on Tue, 09/30/2008 - 13:45
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If you have any amounts on your gift cards use them now before they're worthless. Buy some Made-in-USA products, alternative media, whatever. Let's pump a little liquidity into the system. You can use them online if you can't get to the store.

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Gift cards are already paid for

Submitted by MikeLawson on Tue, 09/30/2008 - 23:52.

they won't do anything to pump liquidity. but hey, free stuff.

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when a business goes

Submitted by gumdrop on Tue, 09/30/2008 - 23:50.

when a business goes bankrupt your gift cards become worthless

actually gift cards may be a good emergency monetary system lol

Submitted by Jinc on Tue, 09/30/2008 - 14:45.

If you can get the ones that arent dollar-based but simply "redeemable for 1 45 minute massage", "2 dinners" etc.

Live Free or Diebold

My sister gave me a gift card for Olive Garden

Submitted by Jinc on Tue, 09/30/2008 - 14:32.

and Im so burnt-out on Italian its not funny - so I held on to it for 7 months and discovered I could use it at Red Lobster (now THERES a card I can use!) So read the back of those - ya may be encouraged to actually use 'em : ))

Live Free or Diebold

Hmmmmm…

Submitted by celticavenger on Tue, 09/30/2008 - 15:06.

Cheddar Bay Biscuits.

I doubt gift card purchases

Submitted by csb on Tue, 09/30/2008 - 14:27.

I doubt gift card purchases will do much of anything for "liquidity". When gift cards are purchased from a company, the money is already taken to the bank and accounted for as a liability toward future products. When a gift card is redeemed, the liability is moved over to the revenue column, but the money had already been put in the bank. No "liquidity" there.

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I thought that was the point of the post when I opened it

Submitted by paul4won on Tue, 09/30/2008 - 15:09.

Seems like a good idea to me, just for your reasons, not those of the OP.

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What do you mean?

Submitted by fanofwalt on Tue, 09/30/2008 - 13:46.

"Before they're worthless?" Please explain. Thanks.

If inflation increases, then

Submitted by john2k on Tue, 09/30/2008 - 13:58.

If inflation increases, then a $100 gift card that can buy you an item today might only cover 80% of the cost of that same item in the future.

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Same as FRNs, but with store logos

Submitted by AK4RP2012 on Tue, 09/30/2008 - 15:04.

No difference, really. Each is nothing more than a storage method for the agreed upon value.
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