[MarchonDC09122009]

Thanks for posting this! Here's the Money shot / All you need to know - ​Stores to customers: "Cash not welcome here" - CBS News http://www.cbsnews.com/news/stores-to-customers-cash-not-welcome-here/ Cash isn't in any danger of disappearing, *but maybe it should: The U.S. has much to gain by phasing out cash, according to researchers from Tufts University. Writing in the Harvard Business Review, they noted that the U.S. spends $200 billion each year to keep cash in circulation. (China also has high costs related to reliance on cash, they noted.) They added: *"Both the U.S. and China would do well to adopt policies in partnership with market actors to nudge their already digitally ready societies towards digital money and unlock massive savings -- in time and money -- in the process."* BTW: interesting that CBS promotes the US should harmonize our market and money policy with China... The super-secret TPP (Trans Pacific Partnership) trade agreement that Obola is urgently shoving down our throats just so happens to anticipate China as a signatory for the trade agreement.

[Axenolith]

The US doesn’t “spend” 200 billion a year keeping cash in circulation, that’s a hogwash figure...

[Toddsterpatriot]

the U.S. spends $200 billion each year to keep cash in circulation.

That's some seriously bad math there. The government makes money on the cash in circulation.