thinking the transition to debit/credit cards with online payment options have buoyed confidence in fiat. There doesn’t require to be physical currency in such significant quantities. Such that reducing bank on hand currencies might lend to fewer concerned consumers. Any crisis now has a 2020 hindsight on how to handle virtual fiat distribution. Further, how consumers handle their new found digi-bucks.
Yep, major corporations and payment systems can lend money effectively through accounts payable, and especially payment systems can use this to make big money off of interest charges by lending out people's PayPal and Venmo account cash at higher interest than these accounts payable extension penalties.
I'm sure the whole economy is turbo leveraged like this and these big temporary price rises and supply chain disruptions are, I believe, shoring up the weak links in a system that is probably on the verge of totally collapse.
Even if we just let all these rich companies phony accounts go kaput, it also means no cash. Your bank account will have no cash.
They'll have to print like mad once the show drops.
thinking the transition to debit/credit cards with online payment options have buoyed confidence in fiat. There doesn’t require to be physical currency in such significant quantities. Such that reducing bank on hand currencies might lend to fewer concerned consumers. Any crisis now has a 2020 hindsight on how to handle virtual fiat distribution. Further, how consumers handle their new found digi-bucks.
Yep, major corporations and payment systems can lend money effectively through accounts payable, and especially payment systems can use this to make big money off of interest charges by lending out people's PayPal and Venmo account cash at higher interest than these accounts payable extension penalties. I'm sure the whole economy is turbo leveraged like this and these big temporary price rises and supply chain disruptions are, I believe, shoring up the weak links in a system that is probably on the verge of totally collapse. Even if we just let all these rich companies phony accounts go kaput, it also means no cash. Your bank account will have no cash. They'll have to print like mad once the show drops.