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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (67341)11/14/2003 7:34:11 AM
From: Real Man  Read Replies (1) of 94695
 
That too. Actually, it's not a joke - they have been
considering extraordinary measures - such as, actually
charging interest for holding cash, both here and in
Japan. You take $20 out, and when you put it back in the
bank, the strip on the bill says it has been out for 2
years, and is only worth $19.50. Stores will stop
accepting cash in that case. How would they know how much
your $20 is now worth? I guess, they dropped that proposal
-g-

Of course, that measure comes on top of negative interest
rates in the bank, so that you don't "cheat" the system
by holding dollars in cash.

I guess, if that ever happened, stores would just start
accepting e-gold instead of dollars, and there would be a
currency crisis. Dollars are supposed to be accepted,
at least at home!
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