Our great leaders in DC have proposed to eliminate paper money due to a number of reasons not needed to be discussed here on a board of this kind.  Interesting - do you Hobbyist and Providers think its a good idea or not?  Discuss!

Another opportunity for misuse of power.
Your life will be tracked as never before

Larry Summers' idea, an egghead to whom we owe much of what is wrong in our financial system, comes a day after Europe proposes banning the 500 note.   Sure, the official story is that it is to cut down on crime, the reality is much different.    It is tied to this idea of negative interest rates which will eventually work its way to the U.S. as the only way to stimulate the economy (there is no "stimulating" this fucking economy without a major overhaul of the way in which we do things, all of the alleged job creation has been in the Food and Beverage industry, think McDonald's, all the good jobs, particularly the manufacturing jobs are gone, gone, gone!.)

and let the banks have their 2% or so from the merchant side of the transaction and then an additional 5-30% of each transaction on the bank interest and fees side. A WINDFALL for the banks. Of course, every American's disposable income goes down by an equivalent amount... but hye, that's capitalism, right?

It is 1,000% on target and I agree with you completely, but it's still a rather cynical attitude to have. lol

Take away cash, and everyone will start stealing.  

The Boston university group that is cited in the article? Have they authored a bill in Congress?

It has been discussed here before over the past few years. As I recall, the two most popular proposals for dealing with the loss of the $100 bill were (1) bitcoin and (2) universal lowering of fees to more easily accommodate the larger number lower denomination bills w/o risk of tearing standard envelopes.

along with wearing a one-piece jump-suit in gold foil and antennae sticking out of our heads.

The whole thing is truly disgusting but the fact that our leading presidential contenders on either side are a bit outside the establishment* tells me that people are finally beginning to wake up.   Mind you, I don't like either Bernie or The Donald but their positions in the race clearly speak to a public that is finally fed up with all this shit.

Sweden is already moving in this direction and Australia next to consider it.  Two articles attached discuss the overhead costs and red tape of using printed money.

Yet people embrace the idea of a autonomous car. Talk about giving up every illusion of freedom an American could ever have.

...that they want to eliminate the penny!!

referred to in the OP? Are they going to make us wear folkdrakt and eat bloomin onions? Not me, I'm going to grab my musket and camp out in a gubmint building somewhere or t'other and go on facebook and pray. No sir, keeping my paper money, the ladies give me shit when I show up with a sack of Susan B Anthony's.

Has anyone who has left a comment here, actually read this article?  The argument stated, implies the majority of business transactions which would require high denomination bills ($100) are illicit; drugs, gambling, prostitution.  It further proposes the elimination of these bills would make those types of transactions more difficult.

This life thrived long before the invention of paper money, checks, banks or envelopes. I suspect it will continue to do so.

That way every transaction you make could be tracked by Uncle and banks.

are designed to fly you to the mother planet as soon as they have us where they want us.

Ding Ding Ding!  We have a winner

Tell me about it.

I thought it as obvious .
Thxs

To paraphrase. "Those that would barter essential liberty for temporary peace deserve neither" I too thought the intent was obvious. Some people would buy poop on a stick if the right politician was selling.

From my standpoint, I think there's a need for a $500 and a $1,000 bill.  Carrying around a wad of $100s when I travel somewhere where cash is needed is a PITA, literally.

They round all cash transactions up or down to the nearest 5 cents. If your bill is, say, 24.61 or 24.62 you would pay 24.60, and if it is 24.63 or 24.64 you would pay 24.65. If you are paying by credit card you get charged the exact amount. Seemed strange at first, but it didn't take long before I found I liked not having the extra change rattling around in my pocket.

So I got to the bank and get 20 50's instead of 10 100's.

The handwriting is on the wall.  You might as well stock up on them now while everyone else is.  It's not like your going to miss out on a lot of interest.  With deflation you will probably do better.

Unless they chip you.Then you're pretty much fucked. Even though everything is chipped, like the phones we can't keep out of our hands for five seconds.