Christmas and cash - Hello Friends as always i would invite you to join and Promote one of the world's premier top rated investment companies and pioneers in alternative assets: market investment in and purchasing of alternative asset classes including gold, precious metals, Bitcoin and other cryptocurrency for direct purchase investors, the vast US market of IRA, 401k and other retirement account holders, the Canada market for RRSP and TFSA holders (precious metals), high net worth individuals and families (HNWI), and more. Mutl-trillion dollar potential market with one of the highest paying affiliate programs in the world.

• Life changing income potential: up to $30,000+ commission for each and every referred customer transaction
• 100% free affiliate marketing program - No cost for you to join or participate in
• 3% commission on all gross client sales transaction amounts for all present and future sales and investment in precious metals and cryptocurrency
• You are also paid $30 - $100 for each qualified lead
• Example: average sale = $65,000 = $1,950 commission; sales easily = 6 and sometimes 7 figures. $100,000 sale = $3,000 commission and $1,000,000 sale = $30,000 commission
• Some affiliates have made $40,000+ to $100,000+ commissions in a single month
• Lifetime revenue share on customer transactions

Join NOW Exclusive Affiliate Program ✅ CLICK HERE Join Exclusive Affiliate Program

Disclosure: The owner(s) of this website may be paid to recommend Regal Assets. The content on this website, including any positive reviews of Regal Assets and other reviews, may not be neutral or independent.
Merry Christmas and Happy New Year to all my readers. And to everyone who left a comment this year, thank you. It's always fun to debate things over in the comments section and I feel it makes the blogs themselves stronger. Don't forget to check out the discussion board where we had a number of interesting discussions in 2018.

The last time I published my Christmas cash usage chart was in 2015. I figured it was high time to update it:

The annual Christmas spike in U.S. banknote demand is getting harder and harder to pick out in the chart. So are the monthly upticks coinciding with payrolls. Most people are getting pretty comfortable buying stuff with cards. And so they are less likely to take cash out of an ATM before the holiday chaos or withdraw grocery money after a paycheck has been deposited.

Even though transactional demand for dollars is on the downswing, the stock of Federal Reserve banknotes continues to grow at a healthy pace. The slope of the black line (i.e. its growth rate) may not be as steep as it was in the 1970s, 80s, or 90s, but it is certainly steeper than it was in the 2000s. It is typical to divide cash demand into two buckets. Cash held for transactional purposes gets folded into a wallet. Cash held for store-of-value purposes gets buried in back yards or hidden under mattresses. Continued growth in the demand for U.S. dollars is mostly due to the latter, not only in the U.S. but all over the world. 

Here is the same chart for Canada:

Both the Christmas bump and the sawtooth pattern arising from monthly payrolls are less noticeable than previous years. But these patterns remain more apparent for Canadian dollars than U.S. dollars. Not because Canadians like cash more than Americans. We don't, and are probably further along the path towards digital payments then they are. Rather, the percentage of U.S. dollars held overseas is much larger than Canadian dollars, so domestic usage of U.S. cash for transactions purposes gets blurred by all its other uses.

Like the demand for U.S. dollars, the demand for Canadian dollars is growing at a healthy rate. So far the slope of the black line (2016-2018) is a bit steeper (i.e. its growth rate is higherr) than all other periods except for the earliest one, 1987-1987. Paper Canadian dollars aren't going away anytime soon.

These were my top posts of 2018 by order of popularity:

Two notions of fungibility
Did Brexit break the banknote?
The €300 million cash withdrawal
"The Narrow Bank"

Bitcoin and the bubble theory of money

Two older posts got a lot of visitors too.

Ghost Money: Chile's Unidad de Fomento (2013)
Fedcoin (2014)

Who knew that Chile's strange indexed unit of account, the Unidad de Fomento, would be a draw?

My favorite post of the year was Paying interest on cash. I like this policy. It helps the lower-income and unbanked earn interest. It also provides a means for central bankers to promote cash usage, which in turn helps keep financial privacy alive. And economists should like it, since it fulfills the Friedman rule.  

For those of you who don't know, I've also been doing much more paid writing in 2018. Prior to that, blogging was more of a hobby. Here are the venues I've been writing for: Breaker, Bullionstar, and the Sound Money project. If you don't have much time to check out my articles, here are my favorites from each:

Bitcoin Is Perfect for Cross Border Payments (Except for One Big Problem) - Why I don't use bitcoin for getting paid.
The future of cash: Iceland vs Sweden - We always assume that Scandinavians are moving away from cash, but Iceland shows that this isn't the case.
Pricing the anonymity of banknotes - Should financial anonymity be provided in abundance, banned, or should we pay for it?

Lastly, R3 just published my paper on a central bank digital currency for Brazil.
Many of the points I make apply just as well to any other country.

Kit includes information on our company, products and fees.
Bonus: you will also receive free DVDs and a 10 year anniversary silver coin.
✅ CLICK HERE Claim Your Free Investor Kit

your advertise here
Next article Next Post
Previous article Previous Post