I read an article that the Irish National Bank will no longer handle cash but will instead handle debit cards and are dubbing this new style of banking "cashless banking." So one has to ask himself, are we going to see this trend spread to other banks ? The Irish Bank is using a Danish bank as its model. In the Star Trek universe, they live in a cashless world on planet Earth. The difference is that people are not homeless, there is plenty of food, and people work, produce food, and study, all for the betterment of the human race. Well, I think we have quite a while to reach that stage in human development, the maturity it would require to have a work ethic, produce not only for yourself, and not expect monetary compensation . The other alternative is the George Orwell 1984 version in which humans become controlled by the government, need RFID chips in order to conduct any type of transaction, work and live in deplorable conditions, and are unable to think for themselves and instead are brainwashed by the government and watched by Big brother. Since more people are homeless than reported in the mainstream media, my feeling is we are heading into a bleaker way of life for a while. I have hope that people will wake up and see that they need to think for themselves, become less materialistic, and truly work for the betterment of themselves and others, not just for greed. As I said, this may take time. Max Keiser is an economist who usually tells it as it is with a sense of humor. I included one of his videos and his views in general on the current economic situation. Enjoy.
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