The Death of Cash
by Peter Coy, bloomberg.com

JPMorgan Chase recently sent a letter to some of its large depositors telling them it didn’t want their stinking money anymore. Well, not in those words. The bank coined a euphemism: Beginning on May …

What a wild world… Banks are now charging to deposit money. This is for large investors so far but how long until this trickles down and we need cash under the mattress again?

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