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Economy

Punx

(477 posts)

6. After Cash

Reply to Eugene (Original post)

Wed Feb 17, 2016, 02:12 PM

Feb 2016

I suspect they will go after Precious Metals. PM's are one way to keep money out of banks. Of course, more risk holding PM's as their value can fluctuate. And much harder to smuggle across borders. Good luck trying to get a pile of gold coins on an airplane!

Diamonds would be easier.

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Lawrence Summers: It�s time to kill the $100 bill [View all] Eugene Feb 2016 OP

So then, once we *only* have electronic money left, when we hit "negative interest..." villager Feb 2016 #1

Yes. And etc. snot Feb 2016 #12

Good point. Forgot about the provision requiring us to prop up the Rockefeller class. villager Feb 2016 #13

How about killing the pennies first? LW1977 Feb 2016 #2

How about we don't pretend it's either/or and do both at once? -eom gcomeau Feb 2016 #3

Once a week until it takes hold I guess. It's a BAD idea. Ban diamonds, gold, bonds too? LINKS Festivito Feb 2016 #4

The problem with cash, from a bankers standpoint, is bankers don't get a cut... PoliticAverse Feb 2016 #5

Exactly. Fuddnik Feb 2016 #9

After Cash Punx Feb 2016 #6

This is a really bad paper zipplewrath Feb 2016 #7

"banks firmly in charge of ALL commerce, taking a fee for every transaction" - bingo! n/t PoliticAverse Feb 2016 #10

Is it bad of me to say, "It's time to kill Larry Summers"? Just figuratively speaking. Fuddnik Feb 2016 #8

I'll drink to that n/t Tansy_Gold Feb 2016 #11