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The Demise Of Paper Money
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Msg  67 of 72  at  1/17/2013 5:23:53 PM  by

couplover


 In response to msg 65 by  fair_say
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Re: Cashless Society

I watched that video from another site. In the background you see people buying meat and such with other paper money (I presume euro or R. Ruble versus the Belarus Ruble) and it does not require that pile.

The move to a cashless society is still very far off IMO as there are just too many sectors of society without so much as a checking account let alone any plastic money.

Yet the food stamp program here in California uses plastic instead of the old "stamps". But I think that was because so many drug addicts were selling food stamps for drug money. Now you can only swipe the card to buy food. At the farmers markets here in CA you have to swipe your card at the managers booth and get scrip that is only good at farmers market.


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