While the Institute does not give financial advice, for those so inclined cash remains the one financial possession that Main Street should be holding — outside of the banking system — to maintain individual financial security.
Indeed, the second half of the year in bankism is that private banks are going to be gunning for your cash. In April, Citigroup economists suggested abolishing or taxing paper money. Such a move would force people to keep money in electronic form where not only is it traceable, its movements can be restricted. Cash also represents an avenue of extra liquidity to banks, if needed for emergency or business-as-usual uses.