The End Of Paper Money & Coins (9)
W8tng4U: There has been a lot of talk about a law that Obama enacted which allows the government to legally take all money from it’s citizens that are in bank accounts and investment accounts like stocks, bonds, etc. As a precaution to this possibly happening should a major depression occur, many people are investing in precious metals such as gold and silver. Also, Cryptocoin is skyrocketing. The most famous is bitcoin which now sells for about $10,000+ per Coin. Bitcoin has gone as high as $20,000+ per Coin. At least 37 industries now have their own Cryptocoin to be used exclusively within their industry. Cryptocoins have no backing like cash used to have. Warren Buffet reportedly invested $250 million dollars in Cryptocoins. Bitcoin was used to buy and sell on the dark web because the use and possession was anonymous. However, the government has been working on changing that and been able to track ownership and use of some Cryptocoin. The government doesn’t want to elininate Cryptocoins, they just want to control its use. In fact, the government is in favor of eliminating paper and metal currency because it costs more to manufacture some currency than the value of the currency itself such as pennies and nickel. Paper money is continually being counterfeited, and easily stolen by robbery and theft. Crypto currency is much more secure and can be controlled using a smart phone with no need to deposit or withdraw money from the banks.
Do you think paper and metal coins will one day become a thing of the past? Will your grandchildren ask what is a quarter, nickel, dime, penny or half dollar? Will they have to go to a museum to see them?
The fake credit markets are about to implode due to all of the bogus loans the banksters cannot collect on. They call them "non performing loans". Look it up, if you don't know what that term means. Right now, in some parts of NY and NJ, almost 30% of the loans are in default. How much longer do you think the banks can stay open like that?Do you think paper and metal coins will one day become a thing of the past? Will your grandchildren ask what is a quarter, nickel, dime, penny or half dollar? Will they have to go to a museum to see them?
W8tng4U: There has been a lot of talk about a law that Obama enacted which allows the government to legally take all money from it’s citizens that are in bank accounts and investment accounts like stocks, bonds, etc. As a precaution to this possibly happening should a major depression occur, many people are investing in precious metals such as gold and silver. Also, Cryptocoin is skyrocketing. The most famous is bitcoin which now sells for about $10,000+ per Coin. Bitcoin has gone as high as $20,000+ per Coin. At least 37 industries now have their own Cryptocoin to be used exclusively within their industry. Cryptocoins have no backing like cash used to have. Warren Buffet reportedly invested $250 million dollars in Cryptocoins. Bitcoin was used to buy and sell on the dark web because the use and possession was anonymous. However, the government has been working on changing that and been able to track ownership and use of some Cryptocoin. The government doesn’t want to elininate Cryptocoins, they just want to control its use. In fact, the government is in favor of eliminating paper and metal currency because it costs more to manufacture some currency than the value of the currency itself such as pennies and nickel. Paper money is continually being counterfeited, and easily stolen by robbery and theft. Crypto currency is much more secure and can be controlled using a smart phone with no need to deposit or withdraw money from the banks.
Do you think paper and metal coins will one day become a thing of the past? Will your grandchildren ask what is a quarter, nickel, dime, penny or half dollar? Will they have to go to a museum to see them?
this idea is not new. Most people here don’t believe it will happen anytime soon. There are just way too many people who still use cash. The rioting alone would bring such a plan to a screeching halt.Do you think paper and metal coins will one day become a thing of the past? Will your grandchildren ask what is a quarter, nickel, dime, penny or half dollar? Will they have to go to a museum to see them?
Logician: The fake credit markets are about to implode due to all of the bogus loans the banksters cannot collect on. They call them "non performing loans". Look it up, if you don't know what that term means. Right now, in some parts of NY and NJ, almost 30% of the loans are in default. How much longer do you think the banks can stay open like that?
Bank defaults;;;; you wont see that happen as remember the government forced the banks to give loans like these to unsecured applicants... mostly blacks and now government will guarantee these loans... now who is smarter not us whites as we did not apply for these loans.....
luvtofish: Bank defaults;;;; you wont see that happen as remember the government forced the banks to give loans like these to unsecured applicants... mostly blacks and now government will guarantee these loans... now who is smarter not us whites as we did not apply for these loans.....
THE FED/NWO n strawman owns us from birth to death.
I’m inclined to believe that paper and metal money will slowly disappear. I rarely have cash because almost everything can be bought with a debit or credit card. I don’t see it happening overnight but I do see it happening after the government figures a way to track all transactions and keep the cloud 100% protected against hackers. Regardless of who wins the election this trend towards paperless money will continue. Crypto coins are becoming more and more popular.
Blue_Nile00: I've invested heavily in IOU's.
Me too!!! 
I just read in a blog that a crypto currency company that produces it’s own Cryptocoin is now offering a VISA card in Europe that accepts Cryptocoins including their own and others and automatically converts the Cryptocoins into the currency of the country it’s used in. This VISA Card is accepted in every country that accepts the traditional VISA. How long will it be that each country will develop and issue their own Cryptocoin? There seems to be a thin line of counterfeiting money. Yes crypto currency is virtual and cash is physical, but when the crypto is being an acceptable exchange for the physical government currency, that can create major issues. What if the market gets flooded with Cryptocoins created by hostile governments, terrorists or the underworld? If governments go cashless and produce their own Cryptocoin, will all other existing cryptocoins be banned and valued as worthless? The financial world is getting very interesting.
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Created: Sep 2020
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Last Commented: Sep 2020
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Do you think paper and metal coins will one day become a thing of the past? Will your grandchildren ask what is a quarter, nickel, dime, penny or half dollar? Will they have to go to a museum to see them?