The press has been reporting this for a few years now:http://www.forbes.com/sites/jonmatonis/2013/02/14/france-plans-to-prohibit-cash-payments-over-e1000/http://globaleconomicanalysis.blogs...lysis+(Mish's+Global+Economic+Trend+Analysis)
I'm thinking it is only a matter of time until we see some form of similar limit in Canada or the US...
I'm not really sure how a law like this would be enforceable either?I'd like to see how they plan to enforce it? Would it be illegal to then have more than a thousand euro on your person? Can you then not take more than a thousand euro out of the bank at a time?
There has been a push for a long time to move to a completely digital currency system. I do not know, something about physical paper money in my hand is better than a piece of numbered plastic.I'm sure this is the way the entire planet will be headed. The .gov needs their cut :taped: It also makes it MUCH harder for a person to move around, or run, if cash transactions are illegal. You put the law in place with a thousand units its worth something, then you leave it in place as inflation takes place. Nobody complains much now because the number is high, after inflation that same number might not buy you a hole in the wall motel room.
:thumb:I always ask businesses if they offer a cash discount.
I always used the 'how much CASH can take out of my account right now?' test for banks. If they say $1 less than your account balance, generally whatever it is, find another bank. I will stipulate that I don't typically keep six figures in a checking account but it seems to be a good litmus test. If they can't CASH out ONE account holder I don't give them a pass.....
yea like when they started doing credit checks on buying a car with cash at the dealerships stupid patriot act, can not believe people fell for that crapNice that they put it under the guise of big bad scary 'terrorism'. Queue this up with the fact that the Frog's ain't taking their 10K troops off the streets yet and it makes it all very interesting.
If my tin foil was way too tight I'd say there was a FF to help push this along.
Yup, my CU has a sign right up front that says anything over 2 grand I think it is, they need 'notice'.