Loading ...would be a disaster because liquidity would disappear but the only really functional financial means of trade will go to Zero in a hurry .Credit could not take its place because its a debt instrument and has an interest cost and a NEW TAX to further reducing the dollars value as a means of exchange.The velocity of money would go to Zero making a restoration of inflation impossible and result in the deepest sort of depression .Exactly what the Fed wants to avoid .
Those greedy politicians know not what they ask ,they make it worse,they are too stupid to Lead anything Financial.
Some claim people will be forced to take their cash to the Bank even at zero interest rate and thereby provide liquidity to bank lending,,,but but Banks had billions to loan out and didnt do it ..plenty of liquity supplied by the Fed so that theory is Bunkum ..Giving more liquidity to Banks merely gives them more to lend BACK to the GUbberment for a secure loan riskless. So its a false narrative ,a LIE to suggest it helps restore liquidity. It only serves as a TAX scheme PERIOD !
Dirty scheming worth less bastards who are Parasites to the People. Any Politician who advocates Cash less should be “Horse whipped ” for land lubbers or “Keel Hauled ” as Sailors know it…