SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Strictly: Drilling II
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jim Willie CB who wrote (29182)3/7/2003 9:57:47 AM
From: rails99  Read Replies (1) of 36161
 
Hi JW CB: Just my idea that the debt load is creating problems with the credit quality of the buck. Household debt increased at highest level in ? years last month.

Not because the feds can't buy enough lubricant to keep the dollar presses going indefinitely. Not enough of the special paper can be made to keep the mint in supply so they will need to go entirely digital "money"; thus won't need the presses anymore.

Read somewhere (recently) that certain employers now issue pay account debit cards; with availability of credit units issued on a payroll basis; pay units which you do not receive until you withdraw the units from the employer's account. Now that is what I call digital money! Forgot where I read that, but implication was that the money units remain with the employer UNLESS you take specific action to withdraw it, used like a bank debit card. A local bank offers free checking with online banking free first 3 months and a debit card, which they will not charge you a monthly use fee on the debit card for one whole year!

Digital money and charges to use your debit card, what could be better than that? Maybe digital stocks and other digital securities that have no physical ownership traits.

Just my ranting for the day.

Best Wishes;
Rails
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News