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I predict cash money will be gone very soon.

 
Anonymous Coward
User ID: 50587799
Germany
11/26/2013 01:25 PM
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I predict cash money will be gone very soon.
The recent news about NEAGTIVE central bank interest rates
which are planned by the ECB as well as the FED shows
cash money is not wanted by the elite anymore.

What will happen if the interest rates drop beyond zero?

The regular banks would have to pay a fee for depositing money at the central bank.

Well of course they would pass that fee to it's customers.

The customers would therefore avoid depositing their money at the bank since they dont want to loose the money.
They'd rather keep it somehere safe at home.

In a system with CASH MONEY this scenarion would ultimately lead to a total crash of the banking system.

However in a system without CASH MONEY this scenario would lead to a forced "TAX" against anyone depositing money in the bank.

The clue:
Wihout cash money it is impossible for everyone to keep money outside of the banking system.

Everyone would have to deposit the money in the bank because there is no more cash money to hide beneith your pillow.

It already has started.

Soon people will experience their worst nightmare.
Anonymous Coward
User ID: 48709710
11/26/2013 01:26 PM
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Re: I predict cash money will be gone very soon.
It already has started.

Soon people will experience their worst nightmare.
 Quoting: Anonymous Coward 50587799


good, you too.

take cover OP
Anonymous Coward
User ID: 45679326
United States
11/26/2013 01:27 PM
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Re: I predict cash money will be gone very soon.
so i was just wondering what hookers are going to ask for as payment for services renderd??? not that i would ever use one , i am just curious.sideways
Anonymous Coward (OP)
User ID: 50587799
Germany
11/26/2013 01:31 PM
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Re: I predict cash money will be gone very soon.
so i was just wondering what hookers are going to ask for as payment for services renderd??? not that i would ever use one , i am just curious.sideways
 Quoting: Anonymous Coward 45679326


Oh there is a system for it.

E-Cash.

Just take a look at geegle wallet for example.
No cash needed at all.
BioReaper
Ghost of GLP Past

User ID: 50619685
United States
11/26/2013 01:37 PM

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Re: I predict cash money will be gone very soon.
Other day one of our clients paid us for installing a new pump system at his ranch. He paid me with a check. I was surprised to see one. People rarely use checks or hard cash anymore. I personally have not cashed a check in over 10 years with the exception of that client. That is how far we have come, for better or worse.
"I have beneath me, the knowledge of our genesis - Sphinx"

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