In a cashless society, central banks would continue to make loans for private banks, but would not need to provide banknotes and coins .....
Private banks would continue to make loans for people and companies ..... but without a such important guarantee like cash , why trust a bank ??
Threat of bail in by the western States, stock markets overvalued, States bonds markets crazy ..... Austerity and unemployment is a common future !!!!
By deleting cash, which is only some monetary symbols, the Financial system is killing itself !!!!
Wealthy people are buying tangible assets and poor people are already out of the system ......
For the Diamond business, wealthy people, (people who have access to this Financial liquidity) will always want to get new rare and big stones ....
CAN OTHERS STONES BECOME A VALUABLE MONETARY COLLATERALS ???
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TOO MUCH DEBT, NOT ENOUGH TANGIBLE ASSETS ..... Russia and Asia are hoarding physical gold, skills and tangible assets. The power is going...
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The former President of France has supported the creation of the Euro ..... France has just minted a 2 Euros coin to honor him. Born... -
NATIONAL FIAT CURRENCIES ARE BECOMING DIGITAL !!!! and virtual currencies are not a safe heaven , like we can see on this recent article .....
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