Is Cash Further Loosing to Tech in Retail

[jk_mi]

More and more I hear the US wants to eliminate the $100 bill/high denominations. All sorts of theories why. Tech becomes king to reduce the cost of handling cash; hard to make change, new math and all ☺.

 

Here's a recent article...

http://www.usatoday.com/story/money/nation-now/2016/09/04/cash-cashless-society-credit-cards/89726644/

 

John

WAN Show & LTT viewer

Keep up the good work friends

 

[Unimportant]

One reason and one reason alone. The FED is stuck with near zero interest rates. And after years and years of shouting they'll raise 'em soon they're still stuck near zero. They cannot raise rates as the giant ball of global debt will explode when they do. Thus, in the next crisis/recession they'll have to cut rates toward negative territory. Negative interest rates will however cause ppl to just get their money off the bank. Better to stuff it under the mattress then actually PAY interest on your money in the bank, right? 

 

So, slowly but surely they're pushing to remove cash so that once they go negative on interest rates everyone is stuck with no way out.

[Canada EH]

They got rid of the $500 bill because of laundering.

I cant see them getting rid of the $100 bill. Its pretty secure as it is.

What they want shut down are the Crypto-Currencies.