We have to admit that our world has advanced astronomically when it comes to electronics. Over the last 25 or so years, the change has been drastic from pagers to cell phones and from gas to electric cars and what have you. Technology has built a level of trust among us as a people when outcome to money. Think about how much cash you actually use on a daily basis compared to ten years ago. For majority of people deal directly in credit and debit cards. The concepts of money very soon, if it has not already happened, will be just numbers and we have to just trust in it. We work a full week to see a bunch of numbers appear in an account in the bank. Then as we live our lives and make purchases, which are just people deducting numbers from the huge number in our bank accounts till we run out of value. If I have not lost your attention by now, then you should understand my point. We are getting to a place where we just have to trust in the numbers and their values because there will be no physical cash to hold on to. Just a bunch of swipers and number crunching folks. Essentially the movie "In time" is an example of where we are heading and I believe it will be interesting to see how things turn out.
Gold will definitely play a significant role. We are more likely also going to move back to barter trading system. Thoughts?
Well the barter trading system does sound like it may very well be the economic future. If one can remember back when folks raised chickens and sold the eggs for meat. They purchased material to make clothes. They lived on rice and hunted deer, rabbit and such. I recently watched on the documentary channel about Eskimos and how they used ice for their water source because they were without pluming. They fished and set traps for walrus and seal. A primitive life and one of challenges and hard work. Life is sure to be interesting as the world goes forward. Great discussion and topic, ikejr! Shalom
So long as the economy is properly managed money will retain it's trust and value. There is really no difference between stamping it in cheap metal, printing it on paper or sending it as pixels. A universal currency that can buy anything is vastly more efficient than any other system.
Money will be devalued since the USA has more debt than Europe which they cannot repay.
by santiagomunez9 years ago
I have doubt on ma wifey that she is talking to someone through her mails i aksed her bt she remained silient n beahved that nthing such had happened before Alcatraz! Niphedorurah i want her email account password...
by Grace Marguerite Williams4 years ago
there will be no work and no money as a result of the increasing mechanization and computerization of society) will become reality? Why? Why not?
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