If they ‘end’ it they lose control of it; it will still exist and be traded
In the “cashless” part of Europe if you pull out a fat stack of American hundred dollar bills, they don’t laugh and turn away.
If they go cashless, for a while people will turn it over for online fiat but many won’t and in the years after that small amount of existing cash will be traded as hard currency, with huge inflation and no way to ever know how much cash actually exists: just like how the $1000 bill is technically not valid anymore but criminal rings still use it to transfer wealth.
Yea on the black market, but many sheep stays away from the black market solely because they are scared. It'll also be hard to verify, and the day someone figures out how to counterfeit them hyperinflation is ensured.
There needs to be alternatives, something that cannot be counterfeited, preferably physical and with similar properties as cash and gold.
The sheeps would fall in line by the time the elites moved us to a totally cashless society, I think.
Your point about counterfeiting stands; it’s possible the government would “salt the earth” by printing infinite money or releasing the technology or auctioning the equipment after the initial “turn in your cash” phase.
At that point I figure it’s back to gold and silver
Cashless is a myth
Cash exists
It’ll always exist
If they ‘end’ it they lose control of it; it will still exist and be traded
In the “cashless” part of Europe if you pull out a fat stack of American hundred dollar bills, they don’t laugh and turn away.
If they go cashless, for a while people will turn it over for online fiat but many won’t and in the years after that small amount of existing cash will be traded as hard currency, with huge inflation and no way to ever know how much cash actually exists: just like how the $1000 bill is technically not valid anymore but criminal rings still use it to transfer wealth.
Yea on the black market, but many sheep stays away from the black market solely because they are scared. It'll also be hard to verify, and the day someone figures out how to counterfeit them hyperinflation is ensured.
There needs to be alternatives, something that cannot be counterfeited, preferably physical and with similar properties as cash and gold.
The sheeps would fall in line by the time the elites moved us to a totally cashless society, I think.
Your point about counterfeiting stands; it’s possible the government would “salt the earth” by printing infinite money or releasing the technology or auctioning the equipment after the initial “turn in your cash” phase.
At that point I figure it’s back to gold and silver