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True. But, I would also consider replacing physical cash (coins and notes) with one single note for everyone, useable only by them, although it can be transferred to another if they both use their PINs. So say they want to go shopping - they go to the online bank, put 300 onto their card and go to a shop. Shoes cost 70 - they pay, the shops card goes up 70, theirs goes down. All banks should be merged into a world bank to solve the credit crunch problem.
These are just ideas - they probably wouldn't work in this form. _________________

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