Some people lost their multi-generational family business due to red tape. over doing business mostly in cash. They wound up closing down. There was talk of "Structuring" as applies to drugs, etc. They were just hard working regular folks, not crooks. Sad but true.
This is what reminded me of that. It seems related.
http://ift.tt/1HB8tfA
This is what reminded me of that. It seems related.
Quote:
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Today cash is under attack like never before. Ultra low interest rates are the norm for commercial bank accounts. In Europe, as the ECB ventures into negative nominal interest rates, certain banks threaten to charge customers for depositing cash. Meanwhile, certain European bonds now pay negative yields, effectively turning them into insurance products rather than financial assets. And some economists now call for the outright abolition of cash, which shows just how far some will go in their crazed belief that economic prosperity can be commanded by forcing us to spend rather than save. |
via International Skeptics Forum http://ift.tt/1AKVlHW
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