[Nailbiter]

Now our leaders wish to repeat this by forcing all Americans to collectively withdraw their savings from our already hard pressed banking system

If I understand correctly from my reading - most banks keep approx. 500.00 per depositor on hand- would be difficult to get cash if there was bank run these days. I would be willing to bet that in full blown bank run there is not enough cash to pay out all depositors in the USA

fire up the presses if people start demanding cash- but that would only increase the problems

[grania]

I think the banks can already by law limit what you can take in one day. I'm pretty sure that if a bank goes bust, the FDIC, by law, could spread out giving the money to depositors over something like 30 years. A lot of folks are going to wonder if banks are a sensible place to keep money.

I actually make out checks to pay my monthly bills, don't much care for the automatic computerized approach. It's cheaper for me to prepay a few months on bills and save stamps than it is to keep the money in an account with no interest. But that account still has to have a pretty hefty balance to avoid fees. Besides that, if there were a banking collapse, that prepaid money would be safe on deposit with the utility or credit card! Crazy situation.

We're on our way to a cashless society. That would be the end of freedom. JMHO