This is such a fuching lie.
A vast amount of physical money in America exists in the $100 denomination, something like 80%.
They are lobbying this idea because the want to get rid of physical cash. Geting rid of the $100 bills wipes out 80% of physical cash in America,
It is something they are not highlighting because people don’t want to go to a cashless, totally monitored and controlled, digital cash society.
See the next step is negative interest rates, and if you wipe out physical cash, everyone will get screwed and pay to keep money in a bank. And every transaction wil be monitored, and the govt can shut off your access when they want.
Let’s make the Lincoln Penny the highest denomination.
That will stop the drug trade.
Bingo.
Draghi and his EU minions across the pond have hinted at such lately as well.
All in the name of “security”, “free markets”, “anti-terrorism” and other male bovine fecal matter.
It’s about control and extending and pretending.