abolishing cash/banknotes?

Daniel Pocock daniel at pocock.com.au
Sat Jan 25 22:09:06 UTC 2014



On 25/01/14 21:13, David Gerard wrote:
> ZeroHedge is the NaturalNews of economic blogging. They have predicted
> 200 of the last 1 recessions.

Hence my opening comment that it is not really about a bank run, despite
the hype

> 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.
> 

That, too, is what I commented - getting more people to pay by
electronic means (making cash/anonymity appear shameful) seems to be the
objective




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