Interview with Bill Fleckenstein President Of Fleckenstein Capital

Question: Central bankers and their supporters talk of banning cash, starting with the larger denomination bills. It’s suggested elimination of physical money is necessary to enable NIRP by removing the option of going to cash. Can business and the transactions of every day life function without physical money (even ignoring the liberty and Constitutional questions)? If the central bankers succeed in eliminating physical cash, can the concept be successfully extended to gold? Thanks in advance.

Answer from Fleck: “They can’t eliminate cash. It won’t work.”