There is a funny thing about cash.
Most people use very little of it.
It has been actively discouraged for 40 years. We no longer have any big bills. A hundred dollar bill has less value than a 20 dollar bill did when we had $1,000 bills in circulation.
A friend got a hot deal on a piece of equipment for his rental business, but it had to be in cash. He could not get $20K from his bank! It took him a week to get it! They were shocked and amazed that he needed a mere $20K in cash!
This tells me that we are not up to printing and distributing large amounts of cash quickly. I suspect at least a 3 to 6 month lag *after* someone makes the decision to print the money.
Therefore, it is likely that cash will be king for some period of time.
“A friend got a hot deal on a piece of equipment for his rental business, but it had to be in cash. He could not get $20K from his bank! It took him a week to get it! They were shocked and amazed that he needed a mere $20K in cash!”
Not to mention in many states, if you get pulled over and the cops become aware of the cash (they ask about cash, guns, drugs), they can confiscate it under asset forfeiture laws claiming it is “suspected” drug money.
We make plenty of cash; US dollars are the currency of Ecuador (imagine that), and much has left our country because people in other countries see it as a haven.
Here in NJ, cash is king; the underground economy is huge (and growing), and the state continues to import Third Worlders who prefer cash to anything else.