Message:

<p>[QUOTE=&quot;princeofwaldo, post: 1823792, member: 24091&quot;]Something like 70% of US currency circulates outside US borders.&nbsp; So, you are suggesting in 10 years time all the cash outside the United States will need to be converted to some electronic compatible form or lose it&#039;s legal tender status?&nbsp; The rest of the world would sooner nuke us than allow that, (though we might get nuked anyway given the US proclivity for spying on everyone friend or foe alike).&nbsp;&nbsp; </p><p><br /></p><p>The whole cashless society thing is predicated on the continued status of the US dollar as the world&#039;s reserve currency.&nbsp;&nbsp; There is a much greater chance of the dollars reserve status ending in the next 10 years than of electronic commerce completely eliminating cash transactions.&nbsp; And once that happens, the resulting currency chaos will make folks look back on the hyperinflation that lead to the currency crisis with nostalgia and sentimentality for &quot;the good old days when inflation was the only monetary problem we had&quot;.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in