True statement. Which is better to call in. If they confiscated cash then people will be forced to create another means of barter and exchange and other countries will stop accepting it as well. At that point they can't use it either so they might as well confiscate oak leaves. However, confiscating gold like the USA in 1933, just takes the real money. The people continue to use the fiat currency and it can be used as trade abroad. The people can't use gold but the government can trade it internationally. When they are blocked from laundering money in Ukraine, they will tax and confiscate
it's their cash also, it's got their name on it.
True statement. Which is better to call in. If they confiscated cash then people will be forced to create another means of barter and exchange and other countries will stop accepting it as well. At that point they can't use it either so they might as well confiscate oak leaves. However, confiscating gold like the USA in 1933, just takes the real money. The people continue to use the fiat currency and it can be used as trade abroad. The people can't use gold but the government can trade it internationally. When they are blocked from laundering money in Ukraine, they will tax and confiscate