Trump's Nominee for the Fed Would Like to Abolish Paper Currency

bloomberg.com
DEC 6, 2017

ORIGINAL SOURCE: Trump’s Latest Pick for the Fed Is No Fan of Paper Money by Peter Coy of bloomberg.com on 12/05/17


This has been in the works by the collusions of central bankers for some time. It is important today to be ready for more devaluation of paper currencies and have your cash in time-tested appreciative assets.

"One is simple: Abolish paper currency, which means that to pay for anything, you’d have to use money kept in a bank. The Fed could cause banks to charge negative rates on your deposit so you’d have a strong incentive to use it or lose it."

Please see this must-read here;  Trump’s Latest Pick for the Fed Is No Fan of Paper Money




Original Source