Our Cashless Future

By way of infowars.com (who rarely vets any of the information they post-by the way) and a couple of other sites, I found these articles discussing the future of our world rapidly turning over into the cashless way of doing things. This couldn’t be more obvious, but I thought I’d relay some of the information from it that I found useful.

Most governments around the world are eager to transition to a cashless society as well for the following reasons….

-Cash is expensive to print, inspect, move, store and guard.

-Counterfeiting is always going to be a problem as long as paper currency exists.

-Cash if favored by criminals because it does not leave a paper trail.  Eliminating cash would make it much more difficult for drug dealers, prostitutes and other criminals to do business.

-Most of all, a cashless society would give governments more control.  Governments would be able to track virtually all transactions and would also be able to monitor tax compliance much more closely.

The Royal Canadian Mint is also looking to the future with the MintChip, a new product that could become a digital replacement for coins.

Bills and coins represent only 3 percent of Sweden’s economy, compared to an average of 9 percent in the eurozone and 7 percent in the U.S., according to the Bank for International Settlements, an umbrella organization for the world’s central banks.

And then we’ve got the argument that all of this is leading us towards RFID chips being implanted in our bodies. This is absolutely coming true, it started with animals and now it’s being implemented through identification cards. At some point, we’ll all think it is such a hassle (and maybe that’s sort of true…) to lug around cards, cash, and wallets. While we’re at it, let’s dump cell phones and PCs and just implant the wifi directly into our neural networks. That’s also in the works.