posted on Feb, 20 2010 @ 01:06 PM
Even hoarding cash in a meltdown scenario is no guarantee because the govt can just pass emergency authorization to reclaim all "old cash" for
"Newbucks" or whaterver the hell they call them at outrageous exchange rates that basically render the cash-holder's position worthless. Then they
can repeat the same tactic again and again, wash rinse repeat, chop a few zeros off here and there if the inflation starts to get you down. Just ask
Robert Mugabe.
Another "anti-cash" tactic is the way its getting harder and harder to use cash for things like hotels, car-rentals, etc. This will eventually be
expanded until it becomes almost impossible to settle anything in cash, and then the nation well and truly is ****. On the other hand there is always
need for shady anonymous financial dealings of all sorts by people at every level of the income ladder, so there will have to be some way to cloak the
movement of money even if its eventually in purely electronic form. However, I can see a system emerging where only the super-wealthy are able to move
money around and access "dark pools of liquidity" and so forth...the "little guy" is basically going to be cracked down on and all his purchases
will be watched like a hawk for all kinds of reasons...market research, "security," taxes, you name it.