Quote:
Originally Posted by crucifissio
One has to ban ALL cash or the only remaining currency will become the substitute.
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Yes, which is why I think they would need a major crisis to get global co-ordination but of course they may find other ways around this. Still, I very much doubt there will be any physical paper money in the system 20 yrs from now.
Governments always want more control and banning cash does exactly that. If confident collapses, how can there be a run on any bank if there is no physical cash? Only option would be to buy physical goods, all of which would be traceable of you can only do so through electronic means.
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