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 : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: William H Huebl who wrote (67341)11/14/2003 7:34:11 AM
From: Real Man  Read Replies (1) | Respond to 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!