This info is from a advert but still has some interesting material in it
http://www.sovereignsociety.com/pages/svs/digital_currency_video1.php
FYI If you click to close the browser tab it will stop playing the video and give you the transcript of the video.
Looks like now is a good time to move some assets out of US dollars into other liquid investments abroad or as metals or land.
Michael
According to the New York Times, the U.S. government is “shredding and burying” billions of dollars in landfills… enough to fill 1,750 dump trucks each year. This shredding program has been going on for years, to rid the system of worn out dollar bills.
But the weird thing is, they’re now destroying currency faster than its being replaced.
And they’re shredding so much cash; they’ve been forced to outsource the job to private companies.
Mike Paciello of SEM Destruction Products, admits, “80% of our business comes from the Federal Government.”
Believe it or not …
Landfill fees are getting so high; they’ve been forced to find new and unusual ways to dispose of all of this unwanted currency.
As we speak, the government is recycling it into roofing tiles… fuel pellets… even postal packing material.
And billions more are waiting to be destroyed. ABC News reports, the dollars are “piling up so quickly [the Fed] will need to spend $650,000 to build a new vault in Dallas to hold them.” Last year, the U.S. Treasury printed fewer $5 bills than it had in over 30 years and they produced NO new $10 bills at all.
But there’s no legal requirement for businesses to accept U.S. dollars.
Of course, you can still pay for lunch with cash.
And most retail stores still take it. But I’m seeing signs of a major shift.
For example:
* Southwest Airlines no longer accepts cash for cocktails.
* Apple Stores won’t either – so if you want a new iPad or iPhone – you’d better bring a charge card.
· * Just last month, my home state of Louisiana made it illegal to hand over dollars and cents to buy everything from second-hand books to used cars to collectible coins.
· * In Mexico, there’s a bill before the legislature that would make it illegal to pay cash for real estate.
· * In Greece, all cash transactions worth 1,500 euros or more ($2,165) will be against the law as of January 1, 2012.
· * In Italy, all cash transactions over 5,000 euros ($6,740) will be banned.
· * There’s a bill circulating through Congress – introduced by a powerful Texas lawmaker – that would remove legal tender status from U.S. Treasury coins and Federal Reserve notes.
· * The U.S. Treasury has announced plans to switch to digital payments that will save nearly $300 million by eliminating millions of paper checks.
· * And Social Security Administration recently switched from paper checks to a new digital currency system to distribute billions of dollars in monthly benefit payments.
