“Did you see what Steve wrote last week about how no one will use cash or carry a wallet five years from now?” my Mom’s friend said to her over Thanksgiving. “That will NEVER happen!”
Oh, really?
Well, how about this piece of news…
On Black Friday, shoppers spent $3.3 billion online… and $1.2 billion of those purchases were made through their mobile phones.
That’s unbelievable… when you consider that just a couple years ago basically nobody in America was buying anything with their phones.
When you buy something on your phone, you are not using cash and you don’t need a wallet.
In less than five years, your kids won’t carry wallets. They won’t carry cash… In place of all of this, they will carry just one thing: their mobile phones.
It won’t just be your kids, by the way… In less than five years, you will use your phone to pay for almost everything.
It will be the greatest transformation of how people pay for stuff since… well, since people started paying for stuff.
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Here’s another shocking piece of Black Friday shopping news: 55% of visits to websites were from mobile devices.
And one more for you: Shopper traffic at traditional “brick and mortar” stores was actually DOWN for this Black Friday compared with last year… This tells us that the trend is toward people sitting on their couches while getting a Black Friday deal as opposed to going out and fighting the crowds.
And this is just the latest piece of news to support my point.
The story is so important that I wrote the November issue of my True Wealth newsletter about it. But if you’re like most people, you’re probably not on board… yet.
You might think paying with your phone can’t possibly be safe. You might think it sounds complicated, or inconvenient.
In my True Wealth issue, I wrote…
Paying with your phone is safer because you avoid the current problem of revealing your name or credit-card number to whomever you are paying.
The secret is called “tokenization.” When you pay with your phone, a one-time-use number – a “token” – is all that’s created. Your name and credit card number are never seen, and therefore, they can’t be stolen.
Every time you swipe your credit card, or type it in online, you risk getting hacked… You give up your name and your credit-card number.
You’re telling me that you prefer having a much higher chance of getting your credit card hacked? And that you prefer the inconvenience of fumbling around in your pockets and your wallet with cash and change at the counter when you don’t have to?
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With “tokenization,” using your phone is much safer than pulling out your credit card. And it’s more convenient, too. As I described in that issue, I’ve even tried it myself…
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There’s no digging in your purse, no fumbling for cash and credit cards, no card swiping, no signing, and no fumbling to put everything away. Instead… nothing happens. You hold your phone… and then… you’re done.
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Shopping on your phone is just the first step toward eliminating using cash and credit cards in the traditional way.
What comes next? And how can you profit?
I really want you to see this whole story. So I have “unlocked” the main part of this month’s True Wealth issue for you.
You can see my full story of what will replace cash and credit cards – and how to profit from it – by clicking
right here.
Most people who use social media have figured out that Facebook and Google are in cahoots with the government, for those who are well aware of the issues it’s high time you switched over to Seen.life. It is a website that is similar to Facebook but without all the censorship.
Good investing,
Steve
Source:
http://www.stansberryresearch.com/dailywealth/3410/you-didn-t-believe-me-but-it-s-here-now
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I buy up as much as I can store now so that when big brother finally takes over our money I can NOT spend any more than necessary.
I have no intention on feeding a cashless society any more than necessary to survive.
When the dollar is gone, I simply will quit spending.
The end of cash will be the end of the very last piece of privacy we have, the privacy to spend money and barter with others without the government/big brother/corporations looking up our asses.
I predict that when big brother finally pulls the plug on cash there will arise a huge black market of bartering.
People will simply start trading goods rather than money.
I am forced to live in this Orwellian hell, but that doesn’t mean I am obligated to support it.
And money is the best way to cast a vote. Spending it is a “yes” vote and not spending it is a “no” vote.
We need to stand up and tell congress don’t you dare ban cash. It is a big part of our freedom and electronic money can disappear with a keystroke.
and you think this is a good thing?? moron!!! it’s just going to lead to more theft.. phones get hacked EVERY DAY! do you not think hackers won’t come up with a work around for your “TOKEN” if not, you’re a fool!
Digitized money is SO MUCH EASIER FOR THIEVES TO STEAL EVERYTHING YOU HAVE! Those thieves aren’t restricted to the private sector either.. government agents with the click of some key’s AND IT’S GONE! Banks can absolutely tell you they have no record of what you claim is yours! oops a computer glitch and EVERYTHING IS GONE! So sorry your bank tells you but they don’t even have a record of you being a customer, and without the money that was stolen from you, you can’t even afford to SUE THE BANK FOR THEIR ACTIONS.. BRILLIANT PLAN!
Banks computer system crashes “happens a lot in europe” and you’re fucked!
I think this cashless society idea will not work out the way the slaveholders plan.
Young people already have nothing to work for, wages are low, they are forced to pay for insurance but aren’t insured, because the insurance doesn’t cover jack shit, and they see their fathers and grandprathers having worked all their lives and the retirements they busted their ass for in factory having the retirement they worked for yanked from under them.
I picture a society that has more people wandering the streets who have said “fuck it” than people actually taking part in the economy.
People are stupid, but there is a limit to their stupidity, there is indeed a point where even the most dull witted will tell big brother to kiss their asses.