and here we go, The End of Cash....

The addicts will be the first to go crazy without their fix.

Will be very funny to watch.

Who cares what Eswar Prasad says?

“Economists” are always wrong and they never have to suffer any repercussions for their false information.

Especially the brown ones.

Cash is control.barter is not.cash will always be king.barter scares the shit out of them.

It's all collapsing anyway. There's nothing they can do now.

Cash and crypto will both be outlawed. There will only be the FedCoin.

There will be no more banks in the US. There will only be the Fed. There will be no option except to bank with the Fed. The Fed wants negative interest rates which it cannot have if people have the option of cash or crypto.

Cash and crypto will be banned. FedCoin will be our US currency and your money in the bank will expire if you don't spend it. That is the only way the govt can control the economy completely and force people to spend money when times are bad. You'll have the option of spending it today or tomorrow it will be worth less than today. The Fed will control your life totally.

Won't work out. Haven't you noticed that anything the fed does fails miserably?

the 'end of cash' is not something anyone alive today will ever see in their lifetimes. just like you'll have flying cars.

you can't 'outlaw' crypto

you'd have to outlaw the internet

and even then, crypto has been transacted over ham radio

crypto extends beyond all borders

sure they can

ban all exchanges and you won't be able to get any Dollar/Euro/Yen

already happened on a lot of exchanges

try cashing out 10 million see how it works out for you

no one will dictate to me what i trade my goods and services in.

they are lucky i don't demand to be payed in silver stack.

It’s a wet dream for the current psychopaths in power , and it would be tied directly to your social credit score. They could have complete control over every purchase. It will happen inevitably but most likely after they exterminate 90% of the planet

I think they will finally break out the flying cars then. So there’s that

the world will get a new breed of monkey if this happens.

Bingo!


you are right -

Cash is King, yet

Food is the New Cash

LOL wish I had the problem...

Meanwhile the war underground rages on.

No, the addicts and prostitutes are already using cash app and Bitcoin to accept payments....

you know its comin

Gresham's Law.

We're living it. Three steps removed from sound money. Learn, and keep up. Or don't.

I don't care about the details. In 6 - 9 years the world is a concentration camp with full digital handcuffs.

Setting the stage for the mark of the beast payment system, mark in your right hand.....money, vaccine info.......no buy or sell without the mark.

lol, what's with the 1.5 Stars for sharing info I stumbled into

You can't stop the signal mal.. . Trying to ban other forms of money will be like banning drugs ( which, will be a form of money ) - like bullets, tampons, lighters, old silver coins, cans of food and so forth.

They would have to shut off the internet ( and the GDP it generates) all over the world to block crypto. You might have to trade your crypto by telephone or letter, to a trusted entity in a foreign nation, but what people consider money is based on demand -not what they mandate.

And sorry to break it to you - the paper US dollar sitting in your wallet, or the digital number sitting in your bank account is worth less today than it was yesterday.

They will try to control the people this way-- but its not going to work. They don't have the enforcers,and the American people are well armed. They might control a few cities, but if you are still dumb enough to be in a city, well you probably deserve whats coming.

Most likely black markets will return to barter systems. And king and queen of barter are gold and silver.

.

I was a autozone today and tried to buy some glass cleaner and interior cleaning stuff. The total came to $15.79 and I handed the cashier a $20 bill. The cashier proceeded to tell me that they didn't have any change. This was at about 4pm.

How is that even possible? A store that sells things all day long, doesn't have 4 one dollar bills, two dimes and one penny?

LOL. And I would want to exchange untraceable money everyone else would accept for goods and services into dead and useless currencies -- why?

But in time even regular items are found in the black market, that's how the black market turns gray even though no loss of products was being offered, just more and varied products are offered.

I mean there are basic economic principles that do affect macro systems, however they cannot be quantified. The problem with central planning is that they think they can quantify everything with a program.

Von Mises discusses these principles, identifiable by incalculable in Human Action.

I believe that barter of goods will continue to be an alternative to cash. Liquor, cigarettes...