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<p>[QUOTE=&quot;softmentor, post: 1468568, member: 10469&quot;]&quot;European authorities are keen to move from traditional coins and&nbsp; banknotes to electronic money for all transactions, including small&nbsp; amounts.&quot;</p><p>The US already stopped returning the paper check you write. I&#039;m sorry, that is MY check and MY legal document to be tendered for a debt. I want MY check back. Don&#039;t think for a minute that the Government can&#039;t just up and do this in the stroke of a pen. They can remove all paper money and coin from circulation overnight by declaring that it will no longer be of value. It only has value because they say it does. They can say you have 30 days to deposit all your cash and coin in a federally authorized bank account. After that it is no good and has no value and people would just go along with it. Precious metals will NOT help! There is not enough of it to circulate in any meaningful way for daily transactions. It MIGHT be good for buying the new electronic &#039;money&#039; but the government could declare that you have to turn in your PM too, just like they did with gold in the past. DO NOT LET THIS HAPPEN FOLKS! YOU DO NOT WANT THIS! That is one reason I would like to see new coin that is, plus-or-minus, somewhere near 20% of face value of the coin, and coin denominations up to $1,000 silver coin. </p><p>Not to mention, how reliable are computer data bases, really! You&#039;re going to trust your life&#039;s work and savings in the form of electronic account in a computer! Not for me thank you. No way.</p><p><br /></p><p>&quot;This shift will allow tracking of all payments and help align&nbsp; budget deficits.&quot;</p><p>Nonsense. That will NOT help fix budget deficits. Only choosing NOT to SPEND MORE that you&nbsp; HAVE will do that. They can and probably will overspend. </p><p><br /></p><p>&nbsp;&quot;Moving from traditional money to electronic transfers&nbsp; opens a whole range of new opportunities for the industry.&quot;</p><p>Yea? What industry? Banking industry? Now there are some folks you want to trust... NOT. But the real &#039;industry&#039; ... The government! New ways to be big brother. A lot of things are not taxed because there is not way to track it, as has been discussed (bartering, cash transactions between private parties and such). This will give the GOVERNMENT new ways to tax. Enough is enough, no more thank you! NOT EVERYTHING NEEDS TO BE TAXED. </p><p><br /></p><p>&quot;While there&nbsp; is a really important market to capture, existing business models are&nbsp; not fully relevant in the emerging scenario. The race to find the best&nbsp; approach to catch these opportunities has already started,&quot; comments Mr.&nbsp; Georges.&quot; Yea. Wow. &quot;<i>existing business models are&nbsp; not fully relevant in the emerging scenario</i>&quot; what dangerous double talk, obfuscating the truth. Google search engine tracking your every search already. STAY OUT OF MY PERSONAL LIFE STAY OUT OF MY BUSINESS. LEAVE ME ALONE.</p><p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p><p>[/QUOTE]</p><p><br /></p>

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