I have to say I don't know...but I do know that it's immediately spendable CASH. Checking accounts and physical currency.
Perhaps it just a symbol of the inflation over the years. Same amount of purchasing power.
That said I do know many persons who are actually keeping physical cash in the house and keeping the checking accounts as flush as they can waiting for a pop of the bubble and/or complete social collapse. Whether that's a trillion dollars, I don't know. But it might be.
“That said I do know many persons who are actually keeping physical cash in the house and keeping the checking accounts as flush as they can waiting for a pop of the bubble and/or complete social collapse. Whether that’s a trillion dollars, I don’t know. But it might be.”
I think that’s part of it. I do think there is some stashing of cash going on. But my theory is it’s a growing cash economy. It’s not like that part of the economy is captured in traditional economic surveys.