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<p>[QUOTE=&quot;doug444, post: 1944862, member: 38849&quot;]There is a little difference in the situations.&nbsp; In the EU, members were adopting a totally new currency, the Euro, which meant fees had to be adjusted, contracts had to be re-written, new coins minted, many complex factors.&nbsp; An overnight switch in the US would still involve dollars, but it could heavily penalize those who had hoarded cash, especially illicit income.&nbsp; Plus, and a serious consequence, the Feds would then know precisely how much cash you started with, on Day One, that is, more invasion of your privacy. </p><p><br /></p><p>So I say again, it depends on the government&#039;s motives.&nbsp; Right now, the government can only guess the amount of liquid assets you hold; after a sudden currency switch, they would KNOW.&nbsp; This is especially useful if we wake up yet another morning to currency controls.&nbsp; This is all about money, not power.</p><p><br /></p><p>Here is an interesting &quot;privacy&quot; sidelight for you.&nbsp; I closed a brokerage account in April because I didn&#039;t like the trading platform.&nbsp; Then the fun began:</p><p><br /></p><p>&quot;...xxxxxxxx (and all broker dealers) is required by the <b><span style="color: #ff0000">USA PATRIOT Act <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie12" alt="o_O" unselectable="on" unselectable="on" /> </span></b>and the <b><span style="color: #ff0000">Financial Industry Regulatory Authority</span></b> (“FINRA”) to perform due diligence, in order to “know our customers”.&nbsp; Because of these regulations, xxxxxxxx does periodic reviews of accounts and follows up with customers, if we feel we need more information in regards to account activity.</p><p><br /></p><p>Your brokerage account #xxxxxxxx was recently reviewed, and it appears that, since the inception of your account, you have deposited funds into your account, and subsequently removed those funds, with no trading activity at all. Please explain the reason for these cash transactions...&quot;</p><p><br /></p><p><br /></p><p>The Patriot Act lets the government do ANYTHING it wants in the name of national security...&nbsp; Forget about <i>habeas corpus</i>, forget about a speedy trial, forget your constitutional rights.&nbsp; [the true test of a Patriot, I guess...]&nbsp; I realize this point is not about cash, but it shows you the roadmap down the slippery slope...[/QUOTE]</p><p><br /></p>

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