Bloomberg: The signs began appearing around Seattle in the windows of Dick’s Drive-In, the city’s iconic burger chain: “In an abundance of caution, we ask you to please pay with credit or debit card if possible rather than cash.”
Fear of dollars is now palpable in the U.S. epicenter of the coronavirus.
And across the financial industry, a rigorous debate is brewing over how to address the public’s mounting concern that greenbacks might transmit Covid-19. Studies show it’s at least theoretically possible for other coronaviruses to survive on the dollar’s cotton-and-linen weave, though there’s little agreement on the actual risk of contagion. Read Article …
Opinion: I went for a haircut yesterday and noticed that my barber was patting down a $5 bill with hand sanitizer. My first question was “Where did you get it, since every store in town is sold out?” My second question was “Wouldn’t it be better if that bill was digital?”
The first answer was that the shop owner found it in a town 1 hour south from here, and the second question stopped her in her tracks and she said “No!” You see my lady barber is a Catholic and somehow digital money made her recoil.
Our post from March 5…
“Federal Reserve To Quarantine Dollars From Asia On Covid-19 Transmission Concerns”
Digital money + Government Healthcare + Social Credit Score =