Today's edition of the Saxo Morning Call features the SaxoStrats team discussing the continuing weakness of the US dollar as commodity prices recover ground and in the wake of key US equity indices hitting all-time highs Thursday.
Editor’s Picks 19 March 2015 at 14:22 GMT

Cash is going the way of the dinosaurs

Global Economic Analysis
In Italy, they might still insist on cash payments in some hotels for bills in excess of EUR 1,000, but the reality is that cash is fast becoming obsolete in the modern world and will go the way of the dinosaur, says Mish Shedlock. France, for example, Wednesday put a cap on cash prices at EUR 1,000, from a previous EUR 3,000, partly as a move to combat terrorist financing and money laundering and the same logic would suggest that this will only go one way in the future. Shedlock says that digital currencies are most definitely coming, but adds that Bitcoin advocates are likely to be disappointed — its future demise will be sealed when the Fed deems it no longer a fit object of study.
Read full article at Global Economic Analysis
Colin Brewer Colin Brewer
.. as long as their is a Black economy and a trade in illegal substances there will be cash.
Adam Courtenay Adam Courtenay
I'll be happy with a digital currency as long as it's not bitcoin. I just don't trust it, but maybe I'm the dinosaur...


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