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To: editor-surveyor
The problem is that it is difficult to get people to accept them as ‘money.’

When it takes a wheelbarrow full of inflation ravaged devalued fiat money to buy a loaf of bread people will accept them instead of money.

92 posted on 08/05/2015 6:30:18 PM PDT by immadashell (The inmates are running the asylum.)
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To: immadashell

There will be no inflation.

That is essentially the issue that will cause the bankers to decide to end the use of cash.

If there is no ‘penalty’ of inflation to holding cash, as people are definitely doing now, the banks become an unnecessary middle man.

You’re looking to an event that will never happen.

The Man of Sin’s avenue to power is the abandonment of physical cash that people are holding in large amounts presently.

Deflation is the dominant condition at this moment, and it will grow.
.


100 posted on 08/05/2015 7:13:52 PM PDT by editor-surveyor (Freepers: Not as smart as I'd hoped they'd be)
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