@blubberquark Do you suggest that banks use cash for storing your bank account value?
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Replying to @blubberquark
@PlinzImagine Keeping cash *could* be a way of evading fiscal policy. The cost of securing vaults is higher than cost of negative ECB (2/n)
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Replying to @blubberquark
@Plinz interest rates at the moment. But security costs for bank customers are even higher. Do you want to save for retirement with (3/n)3 replies 0 retweets 0 likes -
Replying to @blubberquark
@blubberquark Banks have less and less cash. Cash is only practical for small transactions. In the US, it is almost gone.1 reply 0 retweets 0 likes -
Replying to @Plinz
@Plinz I know but there is an european-central-bank bank run already http://www.spiegel.de/wirtschaft/unternehmen/strafzinsen-sparkassen-wollen-geld-lieber-im-tresor-bunkern-a-1080523.html … (5/5)1 reply 0 retweets 0 likes -
Replying to @blubberquark
@blubberquark EZB penalizes banks for not giving cash out = opposite of bank run?1 reply 0 retweets 0 likes -
Replying to @blubberquark
@blubberquark EZB has negative interest rates and unlimited money. It makes no sense1 reply 0 retweets 0 likes
@blubberquark It is practically impossible to do legitimate business without surveillance now, but most needs a papertrail anyway
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