[Regulator]

Just call it the death of cash

[who_would_fardels_bear]

I thought savings was a perversion of capitalism.

I thought we were all supposed to be investing and not just saving.

We should all be listening to our brokers at Goldman-Sachs and "investing" in risky derivatives.

That's the American way!

[buffaloguy]

A question if I might.

What happens in a digital world when the atms and digital banking is not available for buying food? On the Southern coast this could be a real issue.

During hurricane Ike we used cash and it worked oh so well. It took 3 weeks before power went on in our area and 4 days after landfall before any government supplies arrived.

For those of you, such as the denizens of DC who don’t have catastrophic weather, it wouldn’t be a problem but for those of us who do experience the really awful weather it could be a real serious problem, especially for older folks.

The government has given up thinking through anything anymore.

This ad is obviously a ploy to buy gold in a panic and not a very good one, but the question has been on my mind since the Treasury started to talk about eliminating cash.

[Mark was here]

John Roberts will simply bay this is a tax, and he would be right. They are just using the bank as the tax collector. Actually the Fed holding rates low, is simply a tax on the rate someone would have received on their savings.

[Toddsterpatriot]

Politicians all over the world are ordering banks to charge depositors (you) a fee for storing cash.

I don't think that's the case. What's happening is that Central Banks are charging banks interest on their deposits at the Central Bank.

I've only heard a few isolated cases where the banks were charging customers or clients to hold a balance.

[eyeamok]

In a normal world, your bank pays you interest on your savings. It takes your money, pools it with other people’s money, and loans it out.

WRONG WRONG WRONG, Banks have NOT operated like that since 1971.
Pay Attention folks. When you take out a LOAN, they are NOT loaning you money they have or anybody else has, ALL LOANS in the US are FUNDED with BRAND NEW MONEY. The Fed gives Banks Instant 100% credit for YOUR Promissory Note and the MONEY is CREATED OUT OF THIN AIR to meet the DEMANDS of said Loan. The bank turns around and GIVES it to YOU with Interest Attached. They profit off the difference the FED charges them and what they charge you in INTEREST.

If you think otherwise, you are a FOOL!

[Mike Darancette]

When they say, “Ill tell you what to do in a minute”, this is trying to sell something. GOLD!

[SuperLuminal]

Bump for later.