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RE: The War on Cash

in #bitcoin • 8 years ago

I sell real estate. I know what is going on. To test this, after I sold a $1.2M commercial building, I walked into my TD Bank in Canada here and purposely asked for my whole $30k paycheck in cash. Knowing the outcome would be a NO. - LOL> You should have seen the girls face saying they DON'T KEEP THAT KIND OF CASH AROUND !! I just wanted to really test the system. They can give out $3, 4 or $10 k easily, my ask for MY money in the $30k range was a solid test and they failed, again. #FIAT Fraud

8 years ago in #bitcoin by
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     8 years ago 

    Well M2 > M0, so of course the amount of paper money doesnt exist to cover all monetary transactions. It is nothing surprizing, this is how the system is.

    http://www.investopedia.com/terms/m/m2.asp
    http://www.investopedia.com/terms/m/m0.asp

    In the US only 28.5% of the electronic money is covered by cash:

    http://www.tradingeconomics.com/united-states/money-supply-m0
    http://www.tradingeconomics.com/united-states/money-supply-m2

    united-states-money-supply-m2.png

    And given the fact that M2 is rising rapidly, this ratio will be less and less!