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Originally Posted by GordonJ
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Here's a snippet talking about barter becoming more important. Read it and I'll tell you the rest of the story.
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If cash is abolished, barter will become much more popular as well. For instance, at the end of World War II, a cigarette economy developed in occupied Germany. Cash was scarce, so ordinary Germans adapted by exchanging cigarettes for food and other necessities.
Indeed, barter of all kinds flourishes when money is scarce. It will flourish even more if governments make a serious effort to abolish cash.
And of course banning cash will only encourage the growth of digital currencies such as Bitcoin.
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Actually the first 4 words of the snippet spill the beans. Cash is being abolished across the world. Look it up. Sweden India and even here in the U.S. Wisconsin and Louisiana are just 2 of the states that ban using cash on some transactions.
If you aren't familiar with barter, well sir, it's about time you get familiar. The totalitarian state wants you even deeper under their thumb.
Let me add bail ins to the mix. If you know what a bail out is, a bail in is almost kinda the exact opposite. These have been proposed in the gold ole US of A for a minimum of 20 years. The source of this brilliance lies with several Harvard professors. Yep, that Harvard.