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Five cent coin on chopping block, page-23

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15/02/16

15:50

Post #: 17023683
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Originally posted by Sifer ↑

By 2020, all coins and notes may be on the chopping block as the international war on cash progresses. The reason for the war on cash is negative interest rate policies now being implemented by the ECB, Norway, Sweden and Japan and more are to follow. The US fed has not ruled out a NIRP (Negative Interest Rate Policy) should conditions deteriorate. Banks and government don't like cash. Banks can't charge fee's and governments can't track payments. Negative Interest Rates make possessing cash worth less than not having it. It is quite possible you will be CHARGED interest on term deposits and cash balances instead of receiving interest. Cash also works against the objectives of a NIRP which is to make you spend instead of save.

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Time for gold me thinks
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