We get a real kick when a “new” topic wanders around the internet. Sometimes memes (thought viruses) are little more than bad colds. They keep getting passes around…
So as background before delving into this morning’s report, subscribers may wish to look at our rather comprehensive historical views of the present “attack on cash” outlined in some of these articles in the subscriber reference library:
12/20/2003 Cashless Society: The Banker’s “Way Out”? Just add zeroes and who cares about debt? (Kill the power and you have instant revolution, too…)
Although it has been in the works for a long time, there have been recent rumblings in large banks recently on this very point. So, if you wake up some morning and discover that banks are no longer dealing in cash and checks, absent government action, don’t say you didn’t see it coming, since I’ve been ringing this bell for well over a dozen years.
The problem is the bell has gotten louder recently and time is here to start planning the options carefully.
After we roll through some headlines and our Trading Model’s latest outlook…oh, and my ain’t that a coincidental earthquake?…we’ll size up some risks.