17 Dec
2003
17 Dec
'03
11:17 p.m.
Jim Dixon says:
There is a small point to be made here which I think is really a big point. The US government does not object to the use of financial instruments so long as they are backed by the US $ (or another accepted currency).
Yes it does. Bearer bonds are illegal in the US.
Most of us use such financial instruments daily -- checks and credit cards, for examples. Most financial transactions involve no cash at all.
The point is that anonymous transactions are coming under increasing regulation. Commercial paper and the like is not a problem. Perry