Quote:
Originally Posted by mopek1
So what's replacing traditional retirement investment vehicles?
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Maybe, buy things after their value cyclically crashes? It depends if you are 30 or 55 years old. How much time can you wait for a return?
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One thing behind this ''cashless'' conspiracy is to get rid of all the paper US currency that is hoarded outside of the USA.
2/3 of the cash (paper currency) in US Dollars outside of the country may be from illegal enterprises? 1/2?
The US Dollar as a reserve currency is used in electronic transfers these days so this will have no affect. The value of the US Dollar would increase -- there would be less US Dollars outstanding ... Since all those hoarded dollars were never in circulation, and in competition for buying goods, this should not effect the price of goods.
The price of some commodities like precious metals might increase wildly however.