Bill Gross Speaks On Cash Ban & Negative Rates
 

Negative Rates Are Finance Economys Last Dying Gasp

Bill Gross: Negative Rates Are Finance Economy’s Last, Dying Gasp - MoneyBeat - WSJ


Quote From Above:

Mr. Gross takes note of the “somewhat suspicious uniform attack on high denomination bills,” the sudden crop of arguments against the $100 U.S. bill or the €500 euro. Why might that be? “ It appears that the one remaining escape hatch for ordinary citizens is being closed,” he wrote. “The cashless society which appears over the horizon may come sooner than the demise of the penny.” If actually banning cash doesn’t do the trick, the central bankers might be forced into literal “helicopter” drops of money (or perhaps, in the parlance of the times, that should be drone drops).

/r/bitcoin