Comment by incomingpain
7 months ago
>Every part of the chain currently pay fees unless they are paying with cash.
I literally said cash as the 4th word typed.
>Governments can print money physically as well. Also, most money in circulation never needs to be printed because it never leaves the banking system.
Printing money back in the 1930s had to be done physically; and was at the consequence of gold.
Subsequent bad US presidents, roosevelt and nixon wrecked the usa ultimately; and they are paying for it now.
>Do you think banks would resist to giving the government your transaction history?
How do the banks know how i spent my cash?
> I literally said cash as the 4th word typed.
How many companies use cash as a primary means of payment?
> How do the banks know how i spent my cash?
That info would be inferred from the data the phone, social media, and other surveillance companies offer. They'd know to keep an eye on you because you transact too much using cash.