I read via “Human Events” e-letter yesterday that on 4/30/13 the Fed will proclaim that the US is now a CASHLESS SOCIETY. Can you comment on the truth of this and what the affects will be on Cash on Hand, people’s investment choices, etc.? Thank you.
Dear Linda S.,
Almost anything can be expected now, but I doubt that it will happen this soon. I believe that the system might implode by then.