“I believe disappearing money will be the major event of the present decade, and it will not just have major implications for your business, it will have grave consequences for society at large.  The money itself may not in fact disappear (although some of it probably will) but money’s value will disappear, moneys purchasing power. This will not be the result of an act of magic but will simply be the consequence of our monetary arrangements and the established course of policy. Future historians will be surprised that anybody could have seriously contemplated a different and much happier outcome for today’s system of unconstrained fiat money production.”

http://detlevschlichter.com/2012/12/watching-your-money-disappear-speech-to-senior-representatives-of-the-uk-pension-fund-industry/

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