abolishing cash/banknotes?

[David Gerard]

ZeroHedge is the NaturalNews of economic blogging. They have predicted
200 of the last 1 recessions.

The HSBC cash restriction is about pressure from the government after
HSBC was busted blatantly money-laundering for drug cartels. The
restriction does not apply to non-cash transactions. Despite
scaremongering from foolish people.

On 25 January 2014 20:04, Daniel Pocock <daniel at pocock.com.au> wrote:
>
> This bit of news has been getting around:
>
> http://www.zerohedge.com/news/2014-01-24/bank-run-fears-continue-hsbc-restricts-large-cash-withdrawals
>
> I don't think it is about a bank run, more likely it is about trying to
> get everybody using electronic means of payment to feed more information
> back to big data.
>
> I was really shocked on my last visit to a student bar in London, all
> the 18 year olds paying for each beer with their card.  It seems that
> younger people are growing into these habits without even thinking about
> it but the bank in question couldn't wait for older generations to die
> off and wants to force them into using plastic as well.
>
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