2012 Illusions and Lies

One of the biggest controversies that we see is the talk over changing to a digital currency. Although it would have some benefits it has many drawbacks to overcome. If people had a digital currency it would eliminate printing paper money and removing old paper money from service. The problems come in getting everyone to agree on a type of digital currency by first, even having one – second, getting all governments on board so the currency would be international – and third, the biggest problem would be the technology systems to implement it worldwide. This will be the biggest obstacle and as more and more talk comes about digital currency you will see many technology companies coming forward looking for government loans to develop the platforms like solar energy companies – most will fail. So, we don’t see a digital currency anytime soon in the world.