Harvard economists should be phased out completely.
It’s hard to stash $5,000 in small bills, under the mattress.
Looks like they got the idea from the EU and their banning of €500 bills.
The Council on Foreign Relations crowd making waves again.
.
Rogoff can ‘eff off.
I hope President Trump brings back the $500 bill and the $1,000 bill.
They had those denominations in the 1960’s, when the purchasing power of the dollar was far greater than today.
A cashless society would be tyranny and the ushering in of the final days.
Of course the leftists want transactions to be electronic, so they can be tracked. I use cash, almost always. I always tip in cash.
Dumber than one of Bill Clinton's bimbos.
I would enjoy watching Sergeant Donny Donowitz explain to this Brownshirt how dumb he is.
Can't get rid of 20's...
Why not...cuz that's what the ATM feeds ya.
I am in 100% agreement with this but for a completely different reason.
I lived in Japan and their paper notes start at 1,000 yen. From there it went to 5,000 yen notes to 10,000 yen notes to 100,000 yen notes and I believe the next one was 500,000 yen note. How high they went I do not know.
All I know is it saves a lot of money by having more coins and less paper.
BTW, when the Japanese check out they almost always pay the exact amount. If the price is 1,272 yen they pay out the exact amount. Who wants to walk around with a pocket full of change?
I think there was a 50,000 yen note but I'm not sure. It's been awhile.
getting rid of cash without replacing it with some decentralized replacement ... and they’re have full control over your money.
your money for forever be in their control.
The biggest thefts are done by all electronic transactions, and money kept at banks.
The classical example is the ‘haircut’ given to savings account holders in Greece. What he is proposing is a set up for a future money grab and theft.
To counter act this theft, currency denominations should be increased beyond $100. Having $1,000 bills in circulation would help counteract this theft by banking institutions and governments.
Yes, only governments should be allowed to be criminal.
Oh wait, drug war whores already did that.
They want total control and to go negative interest rates on those who save.
Dont like citizens having freedom,and not knowing what they purchase.
It's nice to be above average.
and scoffed at those who fear the government would then be able to monitor every transaction.
“If you don’t trust the government and all your money is in cash, you’re pretty stupid,” he said.
Thanks for the reminder. Time to buy precious metals. Unless you plan on outlawing gold and silver ... in which case brass and lead will the most precious of metals.
The day we go to a cashless society, is the day our futures are lost forever.
All the better to tyrannically completely control and micro manage all Americans.
No cash = no freedom! The government has total control over you and everything they "allow you to do", or not do while keeping detailed records on file of your every financial transaction history.
The world, its governments, its rulers and elites are being manipulated by Satan. They are blindly rushing headlong down this path to destruction like puppets on a string so that they can work towards fulfilling his goal of a cashless, one-world-government where everyone on earth (except for those who refuse to receive "The Mark of the Beast") will be worshipful slaves under the Antichrist's total domination and control over every facet of their lives.
It is amazing to see the pieces of the puzzle being put in place before our eyes in preparation for the coming Antichrist.
Very accurate statement!
Regards,
There's a reason why people walk around with LOTS of cash and it's called lack of trust in government.