Just look at this bullshit. A new book by the former chief economist of the IMF, The Curse of Cash, describes how paper money is making us "less safe" and is basically a tool of criminals and terrorists, and how cash is stopping all the good that can come from the wonderful power of negative interest rates. Jeeeezuz. From Bloomberg:
From the book summary: However (from Kunstler): Uh oh. If many more people simply moved to gold and silver then that would be the next target. ___
It is utter bullshit!!!!!!!!!!!!!! And for that, you have to start at the end and work your back. Why is cash a real problem for the governments only? Lack of revenue is the answer. Why is there a lack of revenue? Well we can all answer that one. Capitalism should work for everyone across the board, today this is not the case. Sure there will always be a small percentage of greed involved, but if the economy was fine, people are happy and secure in employment, I guarantee there would be no war on cash! Remember prohibition in the states..........................war on alcohol.........................didn't that work a treat..........not . Ludicrousy always repeats. They will always divide and conquer. It's not what they teach in schools or the laws governments pass that will make us what we need to be, it is what we as people, parents, grandparents, aunties, uncles, friends pass onto our children & fellow man that makes us!
And I can guarantee that the tighter they squeeze, the lower will be the government's revenue as they destroy all degrees of freedom in the economy and in the activity of citizens. Overregulated, overtaxed and treated like criminals.
I haven't read the entire thread but I can tell you the currency of the US including the drug traffickers and the like is the $20 USD treasury note bill. Hundreds are used by people for car sales and *gasp* buying things that cost ever more without damaging the nice leather wallet you got got for Christmas. Want to buy an amazing Spider-Man number one from a guy on Craig's list? Due diligence aside you're not going to do it with a stack of 5's and 10's. It's nonsensical in an inflationary world to get rid of large denomination notes. The only one that there is a weak case for is a 500 note, a suitcase full of those and your talking trouble. I'm surprised there hasn't been a move to introduce higher denomination notes. When a days grocery shopping costs more than a $50 you can't eliminate the next higher note. I've just accepted that credit card companies track what I buy and that I have an online profile that's been sold 6 times over. Cash is the only privacy I have left apart from PMs. I accept it because they have made it so hard not to be tracked but you'd be surprised how switched on people are becoming, if they move too fast to cashless and negative rates you'll see a backlash. People might not know the ins and outs or follow it, but you talk to almost anyone about tracking, pay pass/wave, cashless society and even the local dustman gets a serious look on his face like he's worried even if he's not sure about what. This is one of my greatest fears, the loss of hope and drive to build and develop new things. They're closeted semi libertarians even though they don't know it. I'm a pinko leftist nut by some estimations here, but that doesn't change the fact that on these issues almost everyone is a libertarian.
This is a very good point, but it is actually the US hundred dollar bill. I posted something very interesting on this once: See: Index Currencies "The $100 bill is the world's bitcoin" - the USD & the future of money
