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overtheedge
Member since May 2012
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What Do Greece and Louisiana Have in Common? The War on Cash - Graham Summer - Gains Pains & Capital

"The US financial system isn’t any better. ... , Actual currency is just a little over $1.36 trillion. ..."

And it is assumed that about half that cash is held overseas.

And Louse-iana might find itself running up against Legal Tender laws.
Fed law trumps state law.

Commented 3198 days ago

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Beginning of the headline :More and more institutions are trying to make it harder for you to move your money into cash. Globally, over $5 trillion in debt currently have negative yields in nominal terms, meaning the bond literally has a negative yield when it trades. In the simplest of terms this means that investors are PAYING to own these bonds. Bonds are not unique in this regard. Switzerland, Denmark and other countries are now charging deposits at their banks. In France and Italy, you are not allowed to make cash... Read More

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