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<p>[QUOTE="Blaubart, post: 1468134, member: 37498"]A little food for thought: When they do move to electronic currency, what, if any, role will PM have? Will there be an increase in its use for bartering among people who don't want Big Brother knowing what they're buying/selling?</p><p><br /></p><p>Forget Big Brother, what about Big Mama? If people don't start using PM for bartering, how would all the married guys on business trips tip strippers? Certainly not with an electronic payment device! <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie9" alt=":eek:" unselectable="on" unselectable="on" /></p><p><br /></p><p>Escaping taxes is not the only purpose of cash. If we move to a strictly electronic only currency system, there will still be a need for some way to pay for items that you don't want <i>someone</i> to know about. Maybe it's all on the up and up. Take me for example. I share <i>EVERYTHING</i> with my wife. We have joint checking, savings, brokerage, credit card, house titles, car titles, motorcycle titles, etc. Everything is in both our names and we have full access to everything. If we move to an all electronic payment system, there will be a paper trail for everything, including presents. Do I really want my wife knowing how much I spent and where, either before her birthday or even after?</p><p><br /></p><p>The only question is, what will become the preferred physical currency of choice? The coins and paper currenly in circulation (which will have no "official" value once they're demonitized) or PM? Or something else? My guess would be PM.[/QUOTE]</p><p><br /></p>
[QUOTE="Blaubart, post: 1468134, member: 37498"]A little food for thought: When they do move to electronic currency, what, if any, role will PM have? Will there be an increase in its use for bartering among people who don't want Big Brother knowing what they're buying/selling? Forget Big Brother, what about Big Mama? If people don't start using PM for bartering, how would all the married guys on business trips tip strippers? Certainly not with an electronic payment device! :eek: Escaping taxes is not the only purpose of cash. If we move to a strictly electronic only currency system, there will still be a need for some way to pay for items that you don't want [I]someone[/I] to know about. Maybe it's all on the up and up. Take me for example. I share [I]EVERYTHING[/I] with my wife. We have joint checking, savings, brokerage, credit card, house titles, car titles, motorcycle titles, etc. Everything is in both our names and we have full access to everything. If we move to an all electronic payment system, there will be a paper trail for everything, including presents. Do I really want my wife knowing how much I spent and where, either before her birthday or even after? The only question is, what will become the preferred physical currency of choice? The coins and paper currenly in circulation (which will have no "official" value once they're demonitized) or PM? Or something else? My guess would be PM.[/QUOTE]
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