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To: IngotWeTrust who wrote (29773)3/11/1999 3:35:00 PM
From: Michael Olds  Read Replies (1) | Respond to of 116844
 
That's the kind of message I know how to respond to!

I have an issue for the experts to toss around: What about all this cash that is being taken out of the bank on the advise of all those who would look after the best interests of their constituents.

Will that alter M1 or M2 or M3 figures?

Will that change police confiscation tactics? No more automatic assumption that if you have a big amount of cash, you are a drug dealer?

And a prediction, or a conspiracy theory: it seems to me that if Y2K comes and goes without any need for that cash, as at least a few are predicting, then it also seems to me that there isn't a hope in hell of that cash ever getting back into the banks or the stock market. It will be spent. $3000, which is what I hear being recommended to have on hand, per every family in the U.S. is a holelotta mula. I see a plot to boost spending post 2001.