Not if TPTB deem “cash” as “illegal” or “best used by” with an “expiration date”.
Turn in your cash by such-and-such date or your bank will not be allowed to accept it.
On that day, cash dies. No one will take it because it will have no real value (since it can’t be banked)
Of course, for this to happen, the digital currency would have to be fully-operational - so I don’t expect this to happen tomorrow.
But with many governments around the world going for “digital currency” that’s my guess on how it will be implemented.
Cash will be illegal - you know, to stop illegal drugs, human trafficking, and terrorism......that’s what the nooz will say. /shiny side out
There was a great article in a financial publication a few years ago about what had emerged as a new “currency” in the U.S. drug trade: laundry detergent. Apparently it had become an attractive alternative to cash for drug traffickers in urban areas for a whole bunch of reasons:
1. It is a common household product that is widely used.
2. It is legal to buy and sell it — and can be bought and sold even in bodegas in the worst neighborhoods.
3. It has a value relative to its weight that makes it more valuable than most other common household products.
4. It is easily transported — and without attracting any attention from law enforcement.
5. It can be bought by end users with almost any form of payment — cash, credit/debit cards, EBT cards, barter, etc. This means it is easily convertible to another medium of exchange, and has an underlying value that isn’t tied to what we think of as “money.”
Bidet’s already signed the EO 14067, to implement it.
Cash will be obsolete.
Barter will always work.
Thunderdome, Bartertown, here we come......................
Biden is talking as though it WILL be implemented by JULY this year.
The digital currency called the US$ is already in effect and is used by many including most of the younger folks.
The access to the electronic ledger is a smart phone. Or, a piece of plastic with an embedded chip serves as ledger entry.