A cashless society, a centralised currency, is this a good or bad thing? Rob explores both the upsides and downsides of a world without cash in this informative episode.
KEY TAKEAWAYS
- A cashless society would mean high speed and less friction and could help combat some forms of crime.
- A cashless society will hurt people who are at the lower end of the economic scale.
- The dollar and the pound have gone down steadily since the abolition of the gold standard, this was the beginning of the death of cash.
- If there’s a central digital currency, it makes it much easier for the government to take control of your money.
- Cash is a depreciating liability, you need to protect yourself by converting your cash into an asset that appreciates.
BEST MOMENTS
“You could say there would be a cleaner economy”
“Many of the working class will budget by cash”
“Soaring inflation, soaring taxation, what this means is that cash is now trash”
“Cash is a depreciating liability”
VALUABLE RESOURCES
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ABOUT THE HOST
Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur”
“If you don't risk anything, you risk everything”
CONTACT METHOD
Rob’s official website: https://robmoore.com/
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LinkedIn: https://uk.linkedin.com/in/robmoore1979