The elimination of cash is just stupid . They will kill economic growth with this very flawed theory . Money velocity is necessary to keep the fluidity of the economy going . Its like your heart . You don't want an obstruction or valve that would limit the amount of blood and oxygen getting to your brain , that could lead to heart attack or stroke ! And these idiots are just planning that ! So wake up sheeple and smell India's coffee , cuz it smells BAD ! Their money velocity has just about stopped , and economic growth is lingering . No good can come of this . I propose a different route that is somewhere in between . Why have currency in its current form at all . Simply print it off your computer. These can be incripted and simply thrown away by the vender or user after receiving credit for it , or just hang on to it if you so desire . No need for gigantic printing presses and special paper or ink . A bar code can be put on these notes , and can be redeemed for whatever goods and services you wish . Then you can fire a bunch of useless hired guns like the secret service , or redirect them to do something more useful like stopping actual crimes ! No more counterfeit money , because once that note has been cleared by its proprietor the number becomes as useful as toilet paper . Its really quite simple , and does not lend its self to centralization , or manipulation . People can still have a garage sale for example and sell their property for actual money backed up by real substance or gold and silver ! Hell you could put just about anything of value on it . Cars , boats , etc , etc . THINK !
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