Originally posted by aldo
Hi Davo.
I was trying to highlight the difference of applicability and ease of use. This has no relevance to liquidity.
Cash, as in notes and coins, are a readily available and recognised as a means of transaction in almost every instant. If you physically hold cash then you can use it and this is the big difference between electronic money and cash.
I can operate electronically of course and transact using credit or debit with no issues and this has a wide applicability through most of the world. However the obvious vulnerability of the electronic system is that the system needs to operating and there needs to be a connectivity between computer, and internet and point of sale. If anyone of these breaks down then you are in some difficulty.
Last week if you were using a card you couldn't catch a cab; if you had cash there was no problem.
By the way I don't know where you get your info but to my understanding cash is very definitely money.
Sorry, can't agree.
I will give you an example. USA cash, is not money, its fiat.
Allowing for the debt in USA and the fact most relevant nations are moving away from the USA dollar it has no value. TheUSA dollar relies on systematic confidence which is not present within the independent astute. So the USA dollar/greenback is not money!!!!
If USA wants to get confidence in the USA dollar it needs to shut down fake news in Hollywood and allow Zuckerberg to shoot Buffett in the head on TV.
