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Put this book on your Christmas Wish List to understand how fractional reserve banking works.
https://www.amazon.com/gp/product/110552...g=lrc18-20
“If you want to know who rules over you, just look for who you are not allowed to criticize.”
― Voltaire
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I don't read those books. Besides I am not commenting on the banking industry as the whole. They are proven crooks. Bankers do not produce.
I'm talking about the benefit of procuring electronically versus carrying cash.
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What's the benefit over carrying a wad of cash in your pocket? Not carrying a wad of cash?
“If you want to know who rules over you, just look for who you are not allowed to criticize.”
― Voltaire
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Evidently we run in different circle. My peeps believe that their business is none of anyone elses business.
“If you want to know who rules over you, just look for who you are not allowed to criticize.”
― Voltaire
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I will agree that, unfortunately, more and more businesses are taking digital. However, to the best of my knowledge, places like most small laundromats, jukeboxes, pool tables, etc, still take only cash. And I still see signs in many mom & pops that say 'NO CHECKS'.
“If you want to know who rules over you, just look for who you are not allowed to criticize.”
― Voltaire