[LostInBayport]

I think they will when we abandon cash.

I heard on a radio show the other day that there is proposal floating around Spain. The idea is to do away with all paper money and let a FED type entity manage the money supply.

Fedzilla doesn't think people are spending enough? Penalize people who don't spend enough by debiting their accounts unless they make a certain amount of purchases (can't withdraw and simply stuff in the mattress to avoid the penalty; no paper money anymore). Inflation on the horizon? Curb the activity of people who spend too much the same way: with a penalty.

And the imagination boggles at what fascist liberals could do to the citizenry with such a power by scrutinizing spending habits.

Scary times.

[Jonty30]

I know. They will also be able to punish you directly by taking all of your assets with a single keystroke. And you cannot even protect yourself by keeping some money out of the bank to smooth over tough times.