What happens if your cash becomes illegal ? India taking 1000 and 500 bills out of circulation ! 86% !!!
Hello Steemers and Steemins .
I just came across this video , this recently happened in India. I feel sad for the people who are hit hard by this financially !
Imagine what would happen if this happens in all the world.
This is the reason i invest in crypto currencies and silver !
Maybe you should as well ...
More of this kind of events will definitely pump up the price of crypto currencies . And might even be the way back to gold backed currencies !
it is pretty sad and increasingly occurring around the world i believe? in Venezuela they just recently had a similar issue as well getting rid of high denomination bills.
I saw one video of an elderly woman in a remote village in India and she was paying her bills/buying necessities with her phone! I was pretty impressed that she was using the phone with such ease like that!
they need crypto! :)
Yes it also happened in Venezuela . I personally think they are testing for a complete ban on paper currencies . Ive read a lot of speculation on that topic . It's very essential to invest in physical silver , cause your digital cash becomes worthless when there is a global power outage !
yes I have written a little on the topic, I think too we are headed to such an environment :/
How Close Are We To A Cashless Society?
https://steemit.com/money/@doitvoluntarily/investigating-the-proposal-for-a-cashless-society
Biometric Payment System Coming To India
https://steemit.com/money/@doitvoluntarily/biometric-payment-system-coming-to-india
WAR ON CASH: Is Using Cash ANTI-STATE?
https://steemit.com/money/@doitvoluntarily/is-using-cash-anti-state
:) ! i love precious metals!! it's a great idea to have your $ diversified
[not financial advice* lol]
very interesting. Thank you!