Government and central banks are working to gain total control of your financial assets.
Fortunately for Americans, our system of democracy makes it difficult for government and banks to achieve this state of control. So they work around it.
Instead of imposing excessive taxation--one that would be met by massive revolt--government has been taxing its citizens piecemeal, so that over the course of generations, its citizens may “normalize” taxation as a necessary cost of living.
Government also uses the central bank to print money--a form of taxation without taxation. Instead, of taking money directly from you, they print more of it at your expense: the purchasing power of your dollar weakens each time they artificially reproduce it.
In the digital age, government and banks are working to digitize not only paper currency, but also physical precious metals (via CUSIP); assets that people buy to hold and use outside of the regulated banking system.
Ultimately, government and banks want to know what you have, how much you have, and where to find it.
Electronic payment systems--technologies that benefit the masses through their heightened levels of “efficiency”-- are also “recording” devices. They record every cent you earn. They record your every transaction. They allow institutions to monitor your assets and financial habits.
Every time you make a purchase with a credit or debit card, you leave behind a trackable record that government can see.
Every withdrawal, every financial asset purchase, every physical “check” you cash leaves a trail that leads to an electronic account that you own...one that is open to government’s inspection and intrusion.
And in the event of an emergency, the banking system will have the means to seize what you own--a “bail-in” to save banks that are compliant with government; a “bail-out” for government via the banking system.
Who benefits? The elites who run the government and the banks. The very ones who want to control your assets.
Who loses? You can figure that out for yourself.
The government does not want you to exercise freedom in your transactions and savings. If that were the case, CUSIP would not exist; regulatory efforts toward cryptocurrencies (or in some nations, the outlawing of cryptocurrencies) would not exist. Cash would be backed by a tangible assets, free of manipulation. And there would be no “war on cash.”
As you can see, economic freedom is not part of government’s agenda. The excuses of “illegal black market transactions,” or “greater transactional efficiency” are easy ways to “sucker” citizens into relinquishing control of their assets.
Very soon, those who seek transactional freedom will be categorized under some version of criminality.
Government and banks want control. And they are close to achieving it. Most citizens don’t realize it yet. Hardly anyone is listening.
To many people, the idea of “Big Brother” may be a laughable conspiracy theory; one that directly references a fictional narrative (George Orwell’s novel, 1984). Most people forget that fictional narratives are often created to explore truths that one cannot outrightly express.
And in this digital age of fake news, fiction often contains more truth than non-fiction.
Cash allows you to make un-monitorable transactions. In a sense, cash transactions “escape” the financial system. Cash transactions cannot be recorded.
This is why government and banks want to eliminate it. Cash is an impediment to their internal conquest.
And this is why, for the last decade or so, governments across the globe have been conducting a massive war on cash.
Consider the following:
- Italy criminalized cash transactions over 1,000 euros.
- France criminalized cash transactions over 1,000 euros.
- Spain made cash transactions over 2,500 euros illegal.
- Uruguay banned cash transactions over $5,000.
- Russia banned cash transactions over $10,000.
- In the United States, withdrawing over $10,000 from your bank account may subject you to criminal suspicion and questioning.
- Switzerland is considering banning cash payments in excess of 100,000 francs.
- Mexico made cash payments of more than 200,000 pesos illegal.
- Sweden may become the world’s first “cashless society.”
The logic behind the war on cash is simple and devious:
Restricting the size of currency denominations makes large cash purchases inconvenient to transport and transact. It would force citizens to use electronic payment systems for larger transactions.
Electronic transactions make it easy for government and banks to monitor, control, and tax. By controlling your money and financial activities, government, in a sense, controls your behavior--they control “you.”
This scale of control is what governments and central banks would consider “a dream come true.” Using propaganda to “hygienize” their overreaching efforts toward total control, government puts forth the message that a cashless society would help fight drug trafficking, terrorism, and money laundering.
But we know better.
If we were to live in a purely cashless society, we’d be vulnerable to three potential disasters: the first is the loss of privacy and freedom over our individual assets; the second is the potential for human or technology errors to negatively impact our assets; and the third is the possibility of losing our assets in the event of a cyber-terrorist act.
In all three cases, we would be completely dependent on government as slaves are to their masters.
To put it bluntly, there is no scenario that is more blatantly Anti-American than this. Don’t let it happen to you.
Here’s how you can protect yourself:
- Store some emergency cash in a place that is easily accessible: remember what happened in Puerto Rico when Hurricane Maria hit? Should our financial infrastructure crumble, you will need cash to pay for basic necessities. Government will do very little during a crisis to help you and your family. When financial transactions become an issue of survival, electronic money will do no good in the event of an infrastructure collapse.
- Buy gold and silver--your only true “wealth defense” and “everything hedge”: when most forms of wealth are diminished or destroyed, gold and silver will retain their values. Gold and silver can also be used to make, respectively, large and small purchases. Precious metals will be the only forms of wealth to preserve themselves even in the case that cash loses its value (such as in the event of hyperinflation).
- If you have to hold cash at a bank (and most of us do), store them in different banks: putting all your eggs in one basket makes your assets vulnerable to a bank failure. Spreading out your money across several banks will help thin-out your total risk exposure.
- Always keep a store of food, supplies, water, and guns and ammunition in your house: should a crisis emerge, one that threatens your physical survival, it’s better to be prepared than to lack resources.
Although not everyone will agree with this last point, it is because the “probability” of such an event happening in our current circumstances may seem low. But probability is not the same thing as “pay-off.” A low-probability event with a devastatingly negative payoff is much more dangerous than a high-probability event that does little damage. Almost all crises take place as if they appeared out of nowhere (and some actually do...such as an earthquake). Again, it’s better to be prepared.
The war on cash is happening now. We don’t know how long it will last. We don’t know if government will be successful, or if Americans will wisen up and find some way to prevent it. But we do know that government’s and the banking system’s end goal is not favorable for individual Americans.
And if we can’t directly prevent government and banks from controlling our electronic financial assets, then we can at least protect a good portion of our financial assets from a state of total submission.