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PureBytes Links
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Interesting, But given human nature, this is probably not achievable.
Human nature being what it is, until a pure Utopia can be formed where all
people act a certain way and all people value the same things and no one
steps outside of expectations, Mankind will always find a "currency" In
some places that could be food, vehicles, wine, sex, guns, etc...
Its called a barter system and comes into being during the times when the
"official" currency does not meet a person's needs.
No one should fool themselves into thinking that just by doing away with
"currency", that all the misbehaviors of mankind will just go away.
Jim
> -----Original Message-----
> From: Alexander Levitin [SMTP:alevitin@xxxxxxxx]
> Sent: Wednesday, May 26, 1999 9:58 PM
> To: omega list
> Subject: Trend of moving toward a pure electronic currency.
>
> The following comments by Martin Armstrong,
> chairman of the Princeton Economic Institute:
>
> TheEuroBank.Com is a new site provided by PEI as a public service free
> of charge and dedicated to following this trend of moving toward a pure
> electronic currency. New Zealand has already announced publicly that it
> will eliminate all currency replacing the NZ dollar with a electronic
> form that may be used through a debitcard or credit card system. This
> is the most important development in the history of money and it
> threatens the future of everyone's ultimate financial freedom.
>
> The process of demonetization of gold and the liquidation of gold
> reserves is a first step toward creating a new monetary system for the
> world. The purpose of this trend is to eliminate the underground economy
> and hence enhance the collection of all taxes. Some are also arguing
> that this will eliminate the drug traffic at the same time not to
> mention illegal arms sales etc. While this is debatable, the trend is
> clearly a decisive one than cannot be denied.
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