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Economy

snot

(11,848 posts)

12. Yes. And etc.

Reply to villager (Reply #1)

Sat Feb 20, 2016, 05:23 PM

Feb 2016

E.g., because of the recent "bail-in" recent amendment to Dodd Frank, if a bank goes insolvent, depositors' funds will get tapped first instead of the bank's stock and bond holders. Harder to tap us if our cash is in mattresses.

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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