Monday, August 31, 2015
Cashless society confirmed
Today I read that New Zealand will not be printing any more money. A cashless society soon has been confirmed. NZ said it will have a bad effect on tourism. So it not just the poor and workers who live week to week that will be badly effected. You cant save money in a jar, if there is no money.
HSBC recently could not pay its workers a weekly wage. These people wont even be able to save in future. Just one example of how fragile this cashless society will be. How open to every form of government corruption.
Bartering things, will become more common. Money will have no value at all. Which may increase the value of basic goods like food and clothing. Basic needs people use on a regular basis, will take on a new value. The NZ government has revealed that this is inevitable and going to happen whether we like it or not.
HSBC recently could not pay its workers a weekly wage. These people wont even be able to save in future. Just one example of how fragile this cashless society will be. How open to every form of government corruption.
Bartering things, will become more common. Money will have no value at all. Which may increase the value of basic goods like food and clothing. Basic needs people use on a regular basis, will take on a new value. The NZ government has revealed that this is inevitable and going to happen whether we like it or not.
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