The Gray Market Role of Defunct Coinage in a Cashless Society
I’ve received several e-mails and letters from SurvivalBlog readers, asking me if and when I believe that a “cashless society” is coming. My response is: Yes, I do believe that it is coming, but I can’t say when. There are some that have argued that a currency collapse will be used as the pretense to implement a multi-continental or even global digital currency. Most likely it would be in the form of a debit card, similar to what has been popularized in Germany with EuroCheck (EC) Cards. I mentioned these cards in my most recent book, “Survivors: A Novel of …