http://lastdaywatchers.com/2010/01/the-cashless-society/ Luk 21:36 “Watch then at all times, and pray that you be counted worthy to escape all this about to take place, and to stand before the Son of God.” Fri, 27 Jan 2012 20:41:56 +0600 hourly 1 http://wordpress.org/?v=3.3.1 http://lastdaywatchers.com/2010/01/the-cashless-society/comment-page-1/#comment-379 cashless society Tue, 26 Jan 2010 08:55:52 +0000 http://lastdaywatchers.com/?p=11947#comment-379 If we move to a cashless society it will be the biggest mistake central planners ever made. The absence of cash will encourage the barter system, and as every well educated human being knows the natural evolution of a barter system results in a commodity based currency which eventually will be gold and/or silver! Once people will get used to using gold and silver as mediums of exchange the demand for the precious metals will skyrocket and their price will go through the roof, and that is before people will start to look at them as a store of value. A cashless society will kill the fiat paper system http://israelfinancialexpert.blogspot.com/2010/01/if-we-move-to-cashless-society-it-will.html If we move to a cashless society it will be the biggest mistake central planners ever made.
The absence of cash will encourage the barter system, and as every well educated human being knows the natural evolution of a barter system results in a commodity based currency which eventually will be gold and/or silver! Once people will get used to using gold and silver as mediums of exchange the demand for the precious metals will skyrocket and their price will go through the roof, and that is before people will start to look at them as a store of value. A cashless society will kill the fiat paper system
http://israelfinancialexpert.blogspot.com/2010/01/if-we-move-to-cashless-society-it-will.html

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