Quote:
Originally Posted by onwebcam
If the goal is to keep people from pulling out their cash then you don't reduce their rate of return and/or incentive to keep it there.
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How can they pull out their cash if cash no longer exists?
That's the whole reason for the ban - to eventually remove cash from the system completely. Stops run on the banks but the banksters will say it stops money launding, fraud etc. In fact, a lot of banks are already starting to impose restrictions in many countries to gradually move towards this.
Forbes Welcome
Denmark Becomes First Country To Ban Cash | Your News Wire
HSBC imposes restrictions on large cash withdrawals - BBC News
http://www.zerohedge.com/news/2015-1...-cash-ban-next