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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 387.40

+0.5%

Dec 9 4:00 PM EST

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James Seagrove

To: James Seagrove who wrote (136983)	12/5/2017 1:31:32 PM
From: Elroy Jetson	1 Recommendation Read Replies (1) of 218343

Trump’s Latest Pick for the Fed says it would be easier to impose negative interest rates if people couldn’t hoard cash - bloomberg.com Economist Marvin Goodfriend doesn’t like the green paper rectangles in your wallet, which are formally known as “Federal Reserve notes.” His opinion matters, because President Trump has nominated him to the Board of Governors of the Federal Reserve. If confirmed by the Senate to a 14-year term, Goodfriend may take the opportunity to pursue his academic interest in abolishing—or at least demoting—paper money and equivalents to make it easier to impose a tax on cash, gold and other forms of savings to encourage spending. - wsj.com

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