Killing Currency

Armistead · 11-30-10, 09:04 AM

You like the idea or not. Obvious may pro's and cons. I remember when Ross Perot was big on a cashless economy. Many businesses hide under the radar, cash only, paying no taxes, ect., some say up to 200 billion a year. It certainly would kill all the illegal business operations or would it?

I was amazed that Paypal sales now exceed paper money, if what I read was true...

Counterfeiting is used by many nations to try to devalue the dollar. I think N. Korea is the leader in pushing fake money on the market. Not long ago you could hardly use a $50 or $100 in Canada due to counterfeiting. Course the Nazis turned out the largest counterfeiting operation in history.

They're are dozens of companies working on microchip technology placing chips on your hand, using fingerprint scanning, ect.. Course this makes many scream..."mark of the beast."

Almost always technology created today becomes the future. Many agree we will eventually become a cashless world in 20-50 years, much depends on onfolding events...

11-30-10, 09:04 AM	#1
Armistead Rear Admiral Join Date: Dec 2008 Location: on the Dan Posts: 10,880 Downloads: 364 Uploads: 0	Killing Currency You like the idea or not. Obvious may pro's and cons. I remember when Ross Perot was big on a cashless economy. Many businesses hide under the radar, cash only, paying no taxes, ect., some say up to 200 billion a year. It certainly would kill all the illegal business operations or would it? I was amazed that Paypal sales now exceed paper money, if what I read was true... Counterfeiting is used by many nations to try to devalue the dollar. I think N. Korea is the leader in pushing fake money on the market. Not long ago you could hardly use a $50 or $100 in Canada due to counterfeiting. Course the Nazis turned out the largest counterfeiting operation in history. They're are dozens of companies working on microchip technology placing chips on your hand, using fingerprint scanning, ect.. Course this makes many scream..."mark of the beast." Almost always technology created today becomes the future. Many agree we will eventually become a cashless world in 20-50 years, much depends on onfolding events...