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Jim Dixon
jdd at aiki.demon.co.uk
Tue Aug 9 10:41:22 PDT 1994
In message <9408091402.AA23089 at snark.imsi.com> perry at imsi.com writes:
> > 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.
Perhaps my use of terms was insufficiently precise. Bearer bonds do not
actually represent money in the same sense that a check does. Their value
[usually] fluctuates. They are a different kind of financial instrument.
> > 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.
Hmmm. Neither of the types of financial transactions that I listed
is anonymous.
If A writes a check to 'cash', pays B with it, and B passes it on to
C, and so forth, are you saying that this is or will one day be illegal?
--
Jim Dixon
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