huge comeback. But they will all be virtual and
unauthorized by governments. Instead of
having one medical insurance company to
choose from, you will have thousands. They
will provide real insurance as opposed to just
trying to manage some government program
like today's insurance companies are forced to
do. This will cause the price of healthcare to
plummet as people become insured for real
problems, not to mention having access to
doctors, medicines and treatments from all
over the world – all virtually over the internet
and paid with digital money.
A new theory of money will be taught in the
economics departments. This money will
supplant the teaching of Keynes, Marx and
socialism. Instead, the economists will turn to
information systems theory. Economics will no
longer be a subjective behavioral science but a
hard science and the importance of unfettered
money will be very clear.
The budgets of public schools, colleges, and
universities will be reduced as taxation
becomes more difficult. Homeschooling will
become the norm as school districts force the
kids into their homes to save money and place
the responsibility of education directly on the
shoulders of the parents. This will result in
better educated children. Colleges and
universities will be forced to cut fluffy programs
designed to help minorities – who by then will
be majorities. Faced with the decision to cut
computer science, biology and nursing they
instead will cut gender studies, environmental
studies and ethnic studies. The campuses will
become much more conservative.
In the future the number of people working as
government regulators will drop off. This is
because they will not be paid with real money
that is worth anything. They will be paid with
Federal Reserve dollars.
Terrorists, unfortunately, will be able to send
money anywhere in the world too. The only
way to stop them will be to physically isolate
them. Child porn and many other crimes will
persist. But the overall welfare of children and
people in general will increase as the new
monetary systems bring about a new prosperity. Instead of going after the money, law
enforcement will go after the criminals who use
the money. There will be significantly more
resources to stop them, thanks to the charities
that are now able to fund private detectives,
private courts, and private punishments.
In the future, digital currencies will improve
everything and make nothing worse. As a
species, we will become more intelligent and
less violent. There will be less sexual dimorphism. There will be greater harmony among
the races. As individuals, we will become
happier and more satisfied with life. We will
have much less tolerance for tyranny and a
greater sense of community.
IN THE FUTURE
there will be no banks, except the banks on your
cell phones and computers. There will be no tellers,
vaults, loan officers, or buildings to house them.
Nor will there be any accountants. Software will take
care of all the accounting and banking for you.
Tax systems will all but disappear – no one will
pay taxes. Only taxes on land and homes will be
possible. People will be able to trade by whisper
and store their money in their minds where it
cannot be seized or detected. Governments will
decline. Governments will have to limit their
income to fees, bonds, and donations. Politicians
who once got elected by delivering largess to the
public will be out of business.
You will receive your income by email, text
message, and website download; it will go
directly into the bank software on your desktop.
This bank will pay your bills automatically on the
dates you specify by sending emails to those you
wish to pay. Your banking software will also
automatically send any unused money (via email)
directly to investment pools where you can also
withdraw it in seconds. These investment pools
will give you a chance to earn some interest on
your savings and allow the great inventions of the
future to be funded. Funds like these will also
provide home and auto loans, all without the
government – or anyone else – knowing about it.
These investment pools will be controlled by
anonymous people located all around the world.
These pools will be run by virtual organizations
and will be part of a growing nation known as
the Cloud People.
You will be able to buy anything from anyone in
the world using your computer. All the laws
dealing with customs and tariffs will all be ignored
and useless. Virtual global organizations made up
of people unhindered by bureaucracy will flourish.
The CEO of a multibillion-dollar company may be
completely anonymous and work out of his home
office. Labor laws will be futile.
But who will make sure things are done fairly and
without fraud? It won’t be governments. Free
market institutions will form to fill this niche. When
someone in the future is convicted of a crime, the
information will be available to anyone in the
world and criminals will be shunned.
Theft of money will disappear. People will be able
to store their money in their minds. They will be
able to retrieve their money at any time by
combining their biometric information with the
passwords they have memorized. In the past, the
people who physically had the money owned it.
But in the future, the people who know the money
will own it.
Charities will rise to take the place of government
social programs and safety nets, and they will do
a much better job. The power and influence of
governments will wane. So too, the capacity of
governments to have standing armies and fight
wars will also cease to exist.
You will be able to make investment decisions,
including owning stocks and bonds, without
anyone knowing you own them. Stocks and
bonds will also be digital and you will be able
to trade them anonymously. You will be able to
gamble, buy prescription drugs – without a
prescription – take a taxi that is not a taxi, stay
in secret hotels, or see a doctor who is not a
doctor. Government regulations will become –
The Federal Reserve Notes and other central
currencies will go bust. Their value will slowly
drain until they are worthless pieces of paper.
In the end they will be overrun by counterfeits
as the cost of counterfeiting goes down and the
cost of policing goes up. The new digital
currencies will be privately administered and
much more efficient.
We will see more economic equality among
people as the rich and poor who once milked
the system no longer have a system to milk. All
people will work harder. All people will make
better decisions. All people will economize and
become more efficient. The result is that a new
economy will emerge, along with a new class
of citizens who will be powerful and able to
control the governments so that those who wish
to stay in power will not try to infringe on the
money rights of others. Libery will be restored.
Families will prosper as men are able to bring
home more income allowing their wives to
have the option to work less. Women will stay
home more with their children, as they will be
free to do what they want and will no longer be
required to work to prop up the military and
state apparatus. We will see the return to
male-dominated professions since women
won’t need to consider pay when choosing a
job. There will be less divorce and marital
strife, and more equality between the sexes.
There will be a move from the cities to the
country. People will no longer need the services
that cities once provided. They will not need
cubicles, banks, or retail stores, and they will
not need to be near others. Everything can be
done digitally online. People will want to get
away from the crowds, traffic, stress, prices,
pollution, and crime. The prosperous will
move from the cities and the poor will flock to
them because the cities will become like
today’s Detroit: inexpensive to live in. This will
cause the cities to become even more undesirable and dangerous places to live until the
cities become nothing but large squatter
communities. Only enclaves of gated communities with private guards will remain. When
the value of the dollar collapses, manufacturing will return to the cities of America. This is
because minimum wage laws will no longer be
relevant, and the unused space, along with a
labor force ready to work, will bring manufacturing to a local level. Incomes around the
globe will begin to equalize.
In the future, insurance companies will make a