Banning Cash | Cashless System: Evolution 4.0 Analysis
One of the topics that seems to permeate the non corporate and even some main stream news outlets is the concept of banks, central banks, or other financial entities “banning cash”. That is to say that we will move exclusively to an electronic transaction based system of economics. While such an idea might make for entertaining, slightly Orwellian reading, the reality of the situation is that those talking about “banning cash” seem to have forgotten a number of critical (and fundamental) macro level economics points.
Firstly, and perhaps the most glaringly obvious: Cash is a loophole for the wealthy. In fact cash very well might be THE loop hole for the most wealthy amongst us. In terms of moving large sums of money, tax free, between either nations or lending institutions (or making large-ticket asset purchases), cash is king. Please keep in mind this is coming from someone who has about a decade’s worth of experience in large ticket asset sales. When someone asks if they can “pay cash” for a large ticket, luxury asset, (often to hide the transaction or avoid sales / VAT / luxury taxes), they very well might be quite literally referring to a valise full of cash money. Therefore, we once again refer to the original point brought up all the way at the beginning of this paragraph: Why would the wealthy want to close one of the most effective and consistently advantageous loop holes in so far as global economics. The answer is quite simple: They don’t and they won’t. Any potential gain from banning cash in so far as “controlling the sheeple” would be far offset by once again, closing the very financial loophole that is designed so that the wealthiest amongst us have greater fiscal latitude. (Lest we forget that the wealthiest amongst us do have to play by their own rules to some extent). We will say that the same rule probably applies to the new “elite class” also. Though the “new elite” will likely have a dramatically different overall goal and agenda.
Secondly: Evolution Consulting’ real time research (in addition to a multitude of Evolution 4.0 research) confirms that business that only accept cash are increasing in numbers dramatically. In fact, we dare say it’s something of a “trend”. Those familiar with areas in Brooklyn, NY (most notably Williamsburg) and other “hipster” areas will invariably have come across one or two trendy eateries (expensive, fairly upscale ones we might add) that only accept cash. We even found a few places during our research trip to Washington, DC proper that were cash only establishments. We will go so far as to say even in Western, PA, the trend is growing. Therefore, we will be so bold in saying that the “they are going to ban cash” crowd needs to perhaps rethink that notion.
In terms of what is cash, now vs. what will cash money be in the future is something we will be the first to say is a subject of great debate. As we have stated before, the unification (likely complete unification) of currency is not an “if” but rather a “when”. We will be publishing a piece soon on how the speed of information and the speed of transactionary business will have currencies evolving. However, for now, based upon our real time and Evolution 4.0 research we will go so far as to say that no, there is not going to be any kind of Orwellian ban on cash based transactions any time soon, if ever. In terms of currencies or the currency of the world becoming a metals backed bank note, once again, that is something we are presently (and have already been) researching. Evolution 4.0 research has revealed one or two rather interesting and potentially “world changing” ideas that are truly fascinating. Stay tuned to find out more about what the future of a global currency might look like.
Additionally, something else we would like to add is that large scale transactions will inevitably take place using electronic means most of the time. That is a matter of sheer practical convenience. It is however, when that electronic currency becomes metals backed (gold or silver) that the means of transaction becomes less relevant than the fact that each transaction is then asset/metals backed. Hence many of the downfalls and hazards of fiat currencies (printed currencies without asset backing) are eliminated. Add to that the mutually agreed upon global economic value of metals, and any remaining problems therein associated with a monetary system can be effectively eliminated.
To summarize, based upon Evolution 4.0 research, expert input, as well as real time research, yes there is a new system of monetary currency coming. Yes it will have cash included for transactionary purposes. Also, based upon our, and others research it will inevitably be a metals (gold and silver) asset backing. Stay tuned for additional information about what either major currency consolidation or full unification of a currency system might look like.
