China and Russia: Full Steam Ahead Towards a Cashless Society

 

• China and Russia: Full Steam Ahead Towards a Cashless Society
  by Rory Hall, https://www.sprottmoney.com/
  We reported back in November 2016 – Cashless World: 1 out of 3 People Never Use Cash – fewer and fewer people understand the importance of using cash to protect themselves from an overarching government warlord. At the time, China’s use of digitized currency was growing at about 40% per annum. This means millions of people each year freely hand over their cash and opt to use their cell phone, online currency transfers or a plastic debit/credit card to make 100% of their purchases. We see this as nothing short of happily going into the gulag of digital enslavement.
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  Today we learned China is taking another step toward being a cashless society. Not just any cashless society, but the largest populated nation on the planet. Please keep in mind this announcement is coming on the heels of China’s closest ally, Russia, announcing she would be issuing a crypto-ruble – Which is a digitized currency as well. Once these two nations go cashless that will be a huge blow to hard currency in circulation around the world.
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https://socioecohistory.wordpress.com/2017/10/21/china-and-russia-full-steam-ahead-towards-a-cashless-society/