NYTimes.com: "WASHINGTON — The number of dollar bills rolling off the great government presses here and in Fort Worth fell to a modern low in the last fiscal year. Production of $5 bills also dropped to the lowest level in 30 years. And for the first time in that period, the Treasury Department did not print any $10 bills."
Isn't it inevitable that paper money will just plain go away? Isn't it a bother to sort through the gnawed up wad of torn pieces of green paper? It is just so twentieth century. Most of our bills can be paid electronically. Most of the transactions we have are electronic. How many employers are forcing their employees to have direct deposit? The tide is too great to resist. There will come a day, and it looks to be soon, where electronic will be the only system we have.
The benefits are many, but one that is plain is an increase in revenues to the government. There are many "under the table" or black market transactions that do not get recorded or taxed by the government. Illegal activities are usually done through non-traceable paper money. One of the few steps lacking are person-to-person transactions and that is coming soon too.
However, this trend will not end well. It will one day culminate in the rise of a dictator that will control the population through these means. Just as we can predict the weather by clouds that accumulate on the horizon, so too we can predict what is coming by looking at the political, economic, and religious horizon. Too many are distracted to pay attention and only think it is part of the new normal, but it is not normal at all.
