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alstry (35.21)

Kiss Currency, Gold, and Silver GOODBYE

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May 25, 2011 – Comments (10)

Wecome to the Digital Age.....Welcome to the Udder World....Welcome to Digital Money where paper and metals will be things of the past.......

Google Wallet

and everybody is joing the game

Where paper currency and metals will be relics for trade.....and just think how green and sustainable the transition will be.....

no more coke on my bills and I won't have to safely store my metals...

who needs banks when you have digital money

10 Comments – Post Your Own

#1) On May 25, 2011 at 11:44 PM, alstry (35.21) wrote:

And now we begin cutting millions of jobs from government, education, and heatlh care with no readily available replacement jobs...

http://www.8newsnow.com/story/14719390/school

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#2) On May 25, 2011 at 11:59 PM, oshiri (< 20) wrote:

Sempai --

     At present, and for the near term, digital is actually quite "sloppy." It's easy to breach, easy to steal, and an errant keystoke can create cyberfratricide -- massive financial sell-off (see "flash crash") or death (see "Shushenskaya Hydroelectric Plant").

     The ATM was first introduced in 1961. It was almost 30 years before we could declare this technology in (world)wide-spread use. Even taking into account your optimistic "UDDER" view, because of it's current vulnerabilities, you're probably looking at 8-10 years before wide-spread use of digital money.

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#3) On May 26, 2011 at 12:04 AM, alstry (35.21) wrote:

It is already in place and functioning in Europe and Japan...we are years behind the curve on this one.

As food and fuel prices continue to skyrocket.....curreny and gold/silver will proceed on a downward path relative to food and fuel....

and at the point where paper no longer functions, expect governments to mandate the use of digital currency.

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#4) On May 26, 2011 at 12:09 AM, alstry (35.21) wrote:

How long do you think we can keep cutting millions of government/education/health care jobs

and confront skyrocketing food and fuel prices

before rioting breaks out....

and with banks raising fees and cutting services while paying little or no interest....the population will be screaming for a new system

Bank of America BofA Hikes Fees on Checking

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#5) On May 26, 2011 at 12:21 AM, oshiri (< 20) wrote:

Comrade Alstrymous --

     I guess the only thing I can reference off the top of my head is the massive data breach of Japanese company Sony's "Playstation" network. In fact, Sony has had to put together a special European identity theft program for the UK, France, Italy, Spain, and Germany.

     "Sloppy" Japanese and "sloppy" Europeans do not raise my confidence. 

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#6) On May 26, 2011 at 12:36 AM, oshiri (< 20) wrote:

Sempai --

"the population will be screaming for a new system"

     I actually think just the opposite. The Government will love "digital money" as a way of further controlling the population. All of your transactions will be transparent to AND TAXED by the Government.

     In the brave new world of digital money, only a Government approved contractor will be able to fix your garage door. Goodbye handyman, goodbye food vendor, goodbye home poker players.

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#7) On May 26, 2011 at 9:28 AM, winters253 (< 20) wrote:

to tell you the truth, most U.S. citiziens carries a debit card which is used as credit card when at say gasoline station, McDonalds, I do have cash in my wallet but the $ 20.00 remains there untouched for weeks , I confess I use plastic like most Americans "the debit card... ".

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#8) On May 26, 2011 at 9:40 AM, L0RDZ (84.09) wrote:

I try to use my good looks but  that only works on  really Horny  women  and or  men  who like  men  ~   :-P   not....   

Wow so no more coke on  bills ??   are they switching to pepsi ?

Does the coke degrade the  metalllic  magnetic strips on the cards ?   does the coke make your  cards talk too much ?

Most US citizens would like more  money in their wallets but they are so broke  ~~~ that  it makes for a good excuse  thats its in the bank  when their accounts are non-existent.

LORDZ

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#9) On May 26, 2011 at 10:08 AM, IIcx (< 20) wrote:

lol, looks like Alstry_land is in its usual happy place but you're actually alluding to an interesting topic.

Money is supposed to be barter -- a physical object of exchange that's commonly perceived to have value. Since we went off the gold standard, it currently represents political promise and there isn't much promise that's note worthy these days.

The interesting aspect is the fact that States and groups in the US have the legal right to print their own currency and to base it on whatever they choose.

Berkshares are an example -- see http://www.berkshares.org/

So the revolt you're referring to is more likely to become the devaluation of the USD in favor of new currency that is based on something tangible like gold or silver.

Digital money without some correlation to something real will always be perceived as valueless and will have difficulty gaining traction in the US.

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#10) On May 26, 2011 at 10:32 AM, IIcx (< 20) wrote:

Interesting, it looks like the businesses that accept Berkshares are all local small businesses. I don't see any chain stores etc. I wonder if the local banks have an exchange rate set-up. Probably not, it would be tough to compete with a Fed and Treasury that prints money at will. 

http://www.berkshares.org/directory/dir_list1.htm

I wonder how they manage exchange rates for sales tax etc.

Any way, what I'm actually saying, there are any number of alternatives available to local US economies if the Fed continues to destroy the country with debt.

 

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