Cash Is Not Intermediated

Cash is peer to peer If I want to buy something from you I hand you the $100 bill That's it There's nobody in the middle No third party No counterparty risk Not intermediate He says It needs to be Intermediated Meaning Of course the bank The central bank has to be In the middle of you And I are transaction. When they are in between us Then they know everything Because they have to Approve or deny it Right? Cash, if I want to come over to your house and buy something out of your garage And I hand you money Nobody needs to know that Now look, we have laws against certain things If I'm coming over to buy drugs with cash With cash Of course