only 30% of US cash is held by US residents...its about 2% of the GDP...I do not see a boost to the economy happening...everybody would have to ban cash or transactions in the USA would be done in Euros because people would adapt and look for an alternative...
the poor would rely exclusively on the government for handouts because they do not have banking...
the world would drop the printed US$ like its the plague...china will never ban cash they have hundreds of millions of poor people...
this all seems like a desperate attempt at kicking the can further down the road and not address the real issues...it aint gonna work
