To: dynachrome
This is a first step in an attempt to eliminate the Grey Economy. The only economies that are working in my area right now are the Black Market in drugs and The Grey Economy in Cash only businesses without a storefront.
Lots of bartering and cash only deals are done in the local gathering spots like farmers markets and flea markets etc. Eliminate Cash and that market will shrivel up until someone comes up with an alternative form of non-digital currency.
14 posted on
10/14/2015 3:02:40 PM PDT by
Mad Dawgg
(If you're going to deny my 1st Amendment rights then I must proceed to the 2nd one...)
To: Mad Dawgg
I can’t see the banking industry being in favor of this. Based on minimum reserve rules, drying up cash on deposit will limit the ability of banks to lend. Specifically, take away large amounts that are from questionable sources and you’re talking about a lot of cash.
25 posted on
10/14/2015 3:28:55 PM PDT by
optiguy
(If government is the answer, it was a stupid question.)
To: Mad Dawgg
I have a word for you: specie.
Time to stock up on junk silver.
31 posted on
10/14/2015 4:50:45 PM PDT by
FreedomPoster
(Islam delenda est)
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