Yeah, and just try to make three consecutive cash withdrawals of $4,999. The law says that a bank is supposed to flag $5000 cash withdrawals for the fed gov't, but the fact is that people have been arrested for cash withdrawals smaller than that, and their assets seized on spurious grounds. It's about control. 100%.MechAg94 wrote:If the Govt got rid of cash, something would immediately take it's place. It might be coins, it might be bottles of Tide, or toilet paper. There will always be a black market that will have some kind of cash equivalent for trade in addition to the people who just want something outside of the electronic currency.
My thought about Govt control was about government taking control of pay and income as well as just the money.
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Return to “BBC's "The End of Cash". Pros & cons of ending cash.”
- Mon Oct 17, 2016 10:07 pm
- Forum: Off-Topic
- Topic: BBC's "The End of Cash". Pros & cons of ending cash.
- Replies: 35
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