IOW cash under your mattress or in a safe deposit box will be 100% accessible while withdrawing your cash from the bank will become a hassle plus you will be charged interest rate for keeping your money in the bank.
***** already a hassle if you want to take $20,000 cash from your bank. Look at what happened to Dennis Hastert.
His prediction agrees with all the betting sites which have correctly predicted the winner of the General and in each state correctly for years.
Stopped right there. A Wall Street Hillary support piece. The author himself even says that if the China credit bubble pops there's a 40% chance of a minor recession. So really this is an, "I support Hillary" propaganda piece.
Lead, copper, steel, brass and gunpowder are the safety net. Gold is a luxury only in an environment it isn’t taxed by the useless or stolen by the evil among us.
Wow, zerosensehedgehog blog has really sunk low.
Oh, wait. zerosensehedgehog blog was always a bottom-feeder.
zerosense has a perfect record of interviewing folks with zero sense.
With banking becoming a very one-sided relationship, I wonder what sort of alternatives could arise? There’s next to no interest paid to depositors now, combined with fees there is no gain for depositors as it stands. Actually charging interest on deposits will drive out a lot of depositors. Some sort of account will be required for paying bills, it can’t all be cash. I don’t see people paying for money orders to pay bills. Something akin to cash cards probably, with the cost subsidized via ad revenue? I don’t know, but lower and middle income people won’t be willing to absorb being charged for bank deposits.