Trend of moving toward a pure electgronic currency.

[Alexander Levitin <alevitin@xxxxxxxx>]

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 elimnate all currency replacing the NZ dollar with a electronic
form that may be used through a debtitcard or credit card system. This
is the most important development in the history of money and it
threatens the future of everyone's ulltimate 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.