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Cashless society? Not so fast, my friend!
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<p>[QUOTE="baseball21, post: 4053000, member: 76863"]Really kind of the easiest way to sum this up is that the whole cash is going away soon thing is much like the alarmist calls that collecting is dying or the economy is going to collapse any second and so on.</p><p><br /></p><p>People really don't understand how hard it would be to go cashless as a world reserve currency. I honestly don't even think half the people saying it'll happen realize what cashless really means. That literally means there is no cash anywhere it's all destroyed besides what was collected, isn't made at all, all electronically converted and that's it.</p><p><br /></p><p>Possibly more importantly, just because people use credit cards for the rewards or other methods of payment for convenience it doesn't mean they would be fine with cash being eliminated.</p><p><br /></p><p>Cash isn't going anywhere just like PMs aren't going to save anyone during a compete collapse of society as no one trades food or supplies for metals when they don't know where their next meal, next medicine, next tobacco, next bullet etc is going to come from.[/QUOTE]</p><p><br /></p>
[QUOTE="baseball21, post: 4053000, member: 76863"]Really kind of the easiest way to sum this up is that the whole cash is going away soon thing is much like the alarmist calls that collecting is dying or the economy is going to collapse any second and so on. People really don't understand how hard it would be to go cashless as a world reserve currency. I honestly don't even think half the people saying it'll happen realize what cashless really means. That literally means there is no cash anywhere it's all destroyed besides what was collected, isn't made at all, all electronically converted and that's it. Possibly more importantly, just because people use credit cards for the rewards or other methods of payment for convenience it doesn't mean they would be fine with cash being eliminated. Cash isn't going anywhere just like PMs aren't going to save anyone during a compete collapse of society as no one trades food or supplies for metals when they don't know where their next meal, next medicine, next tobacco, next bullet etc is going to come from.[/QUOTE]
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