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fasttense

(17,301 posts)

4. Now why would the uber rich NOT want you to have cash?

Reply to TexasTowelie (Original post)

Mon Apr 27, 2015, 10:40 AM

Apr 2015

Well, electronic money is easier to spy on. So, that lets governments and corporations track your life.

But I really believe the reason is that if we had another crash, and the banks had all the money, then they get to keep your money. Much like in the 1929 crash where the banks stole everyone's money when they finally re-opened. Because you know, they need you to bail them out of their own mess.

But if you are hiding some cash under the bed, they can't get their grubby hands on it.

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Highlight:

The “War on Cash” in 10 Spine-Chilling Quotes [View all] TexasTowelie Apr 2015 OP

Why is Chase always one of the most egregious pig offenders? NBachers Apr 2015 #1

Because they want to set the standard and be an industry leader? TexasTowelie Apr 2015 #2

Because they've bought all the correct politicians n/t MosheFeingold Apr 2015 #6

Right, iMoney. nt bemildred Apr 2015 #3

Now why would the uber rich NOT want you to have cash? fasttense Apr 2015 #4

Banks don't like cash tsites Apr 2015 #5

In Addition To Comments Above... Tace Apr 2015 #7