Good report, Scott.
Where’s the Cash?
Years of QE seem to have enlarged the inventory of both electronic blips and paper currency. In 2008, U.S. currency in circulation was only $7,000 per household, today it is $11,000. The Fed claims ignorance of the precise location of all of this currency as most paper dollars are probably outside the U.S. border. This is because the U.S. Treasury’s advanced anti-counterfeiting measures let everyone from drug lords to back-alley rice peddlers know they have “real” dollars.
From negative interest rates to changes in deposit box policies, banks are actively working with governments to restrict cash usage. By controlling your cash flow, central planners control you. Of course, these criminals do not understand the black market or how large it is compared to the overall economy; thus, their lunacy will fail.
Fake Gold and Silver
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