Sugar industry secretly paid for favorable Harvard research

Re:Sugar industry secretly paid for favorable Harvard research by jcbrand on Tuesday September 13, 2016 @06:10AM (#12486754)

One reason would be to store your savings yourself instead of entrusting them to a bank. Why would you not entrust them to a bank? Because of negative interest rates, capital controls (e.g. Greece) and concerns due to bank liquidity and bail-ins.

That said, the €500 note thing is a bit of a red herring (I've never seen one in my life BTW). This is just the thin end of the wedge. The greater goal is to make cash as unattractive as possible to nudge (or force) people to use surveilled electronic cash, so as to better enforce negative interest rates, bail-ins and redenomination.

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Re:Sugar industry secretly paid for favorable Harvard research by Rexxar on Tuesday September 13, 2016 @06:58AM (#12486942)

  This is just the thin end of the wedge

Still a 300 000 000 000 € thin end. There are nearly two 500€ notes printed for each euro-area citizen [1]. That seems a lot to me. I have never seen one too.

[1] https://en.wikipedia.org/wiki/500_euro_note

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