Cash is King and Should Remain So

I am sure that many have heard the expression, cash is king, but did not waste any time thinking about what that means.

The Federal Reserve System (the fed), our central bank system, has control over our money printing and monetary policy, but has no control over the cash in the underground economy, i.e. gambling, drug activity, illegal employment; it is an economic activity that they cannot control and thus our government cannot tax it via its fiscal policy.

The fed publishes the amount of money stock in the economy and control the interest rates values. How accurate is the money stock when one considers the amount of cash that circulates in the underground economy.

The rub of cash for the government is that they cannot tax and control all of it. How can they change that? By issuing digital currency, central banks digital currencies (CBDC), around the globe, and giving bankers the power to control EVERYTHING we and governments do.

Cash is the most liquid form of money and harder to trace and control by the omnipotent government. They measure the quantity of money in our economy as M1 and M2. M1 is the sum of all coins and paper money plus checkable deposits at banks and savings institutions. M2 includes M1 plus shares in money market mutual funds. There is an M3 which includes M1, M2, and all financial institutions.

Then there are near moneys, close substitutes for money, and credit cards which can be counted as what one owes on the credit cards or what their credit line is.

Cash is most liquid and often untraceable, especially the cash involved in the black market, do it yourself jobs, rainy day funds in safe deposit boxes, cash under a mattress, hiring a neighbor or an illegal to do a job that is not taxed in any way, babysitting jobs, grandmas’ cash gifts, etc.

How can the government then control everything and tax everything? Remove all cash from circulation and install the CBDC (central bank digital currency) where everything will have to be approved and paid for by electronic transfer by appointed bankers each time a transaction is requested.

Working for the government, the banks would tell you what to eat, how much to eat, when, what to purchase, where and when you can go on vacation, what to do with your money, how much money you can keep, what car to buy, how much money you can withdraw, if you are allowed to buy gasoline, a car, a house, tickets for a show, have TV, heat, air conditioning, food, go to doctor, buy medicine, buy a plane ticket, anything that keeps you alive and well as long as you behave according to government dictates, you obey them, and your social scoring is good.

Before 1945, most people paid for everything with cash. By 1990, about $30 trillion was moved annually by checks. By 1998, $1.3 trillion was moved electronically daily through the Federal Reserve System, our central bank with 12 regions, all owned by private investors.

By 2024, some central banks have already installed digital currencies and have removed cash from circulation altogether. One example is Australia and some third world nations. The central banks of Brazil, China, the European Union, India, and the United Kingdom are moving in that direction.

In 1862 the U.S. government issued its first paper money called greenbacks, printed in green ink to distinguish them from gold certificates.

The first European notes were printed in Sweden in 1661and France issued paper money in wide circulation in the 18^th century.

The British Empire issued promissory notes to Massachusetts soldiers in 1690. There were, of course, paper monies issued in different historical periods, but their strength depended on the economy of the country issuing them; Kubla Khan issued paper notes in 1282 made of mulberry bark; the kwan, issued by the Ming dynasty in China in 1368-1399, is the oldest surviving paper money.

Although not real paper money, the Babylonians of 2500 B.C. wrote bills and receipts on clay tablets.

Before paper money, people bartered with goods and services, but it was less convenient because it depended on “coincidence of wants,” whereas money did not require such a coincidence. Barter was not always fair because animals are not divisible. Barter restricted productive capacities.

Live animals and sacks of grain were accepted as money. In 1393 Europe, “a pound of saffron was worth one plow-horse; a pound of ginger would buy a sheep; two pounds of maize would buy a cow.” (WSJ, Guide to Understanding Money and Markets, 1990, pp. 98-99)

Commodity currency such as gold and silver, pelts, salt, cigarettes, chocolate, medicine, beads, cattle, sheep, was eventually replaced by fiat currency, the money of today, where governments decide what is money and their value based on the amount they print which is or is not backed by goods and services. If too much money is printed, way above the value of the yearly GDP, like today, inflation occurs, and the value of the currency goes down.

In the last four years, prices for most goods Americans consume have doubled in prices because of the inflation caused by the policies of the current administration. One shopper at Walmart bought the same basket of goods in 2024 that he had purchased in 2022 and the total cost has allegedly quadrupled.

The most frequently quoted hyperinflation is the Weimar Republic when in 1923 a German homemaker burned mark notes in the stove because it was cheaper than buying firewood and people carried a wheelbarrow filled with cash to purchase a loaf of bread. Such glaring mismanagement of the economy, by printing money for out-of-control government spending to boost the post World War I sluggish economy, gave rise eventually to Hitler’s Reich.

The Continental Congress issued paper money during the American Revolution because it was short on gold and silver to mint coins. They printed so many paper bills, causing such a high inflation that the price of corn rose 10,000 times and by the end of the war, a dollar dropped in value from $1 worth of gold to 2 ½ cents in gold. Congress did not issue money again for 70 years. They did issue currency with abandon during the Civil War and disastrous inflation occurred again.

What will happen once the central banks eliminate cash and install CBDC? The central banksters, which already run monetary policy, will also run the fiscal policy, replacing the legislative branches, and thus eliminating each country’s sovereignty and all individual sovereignty.

Cash is king. Keep it this way if you want to maintain independence and freedom as a country and as individuals.

Central Bank Digital Currencies

“… the oppressor would not be so strong if he did not have accomplices among the oppressed.”  - Simone de Beauvoir

The Covid-19 viral pandemic has accelerated the implementation of most of the 17 goals of the U.N. Agenda 2030. One such goal still remains unresolved, the central bank digital currencies (CBDC), sold as wholesale and retail. The wholesale CBDC would be used by financial institutions while the retail CBDC would be used for consumption.

The globalist plan is that, instead of using fiat currencies, paper money and coins, all governments would issue a credit-based system whereby balances and all transactions are recorded digitally. Once paper money and coins disappear from circulation, no new money will be printed or issued.

The immediate problem with such entirely digital transactions is that the banksters plan to make digital money expire if they are not spent. Additionally, the government will control everything you spend and will approve or disapprove your spending if they deem it helpful or harmful to your health, you are spending it on things not approved by a bureaucratic entity, and balances and expenditures will be tied to social credit scores based on the Chinese Communist Party model.

The primary reason for such a centralized digital system is power and total government control over the lives and activities of all citizens on the planet. Citizens would become totally dependent for their existence on a government who can and will take things away at whim if one does not behave appropriately.

Investopedia attempts to explain that the goals of a CBDC is to “provide businesses and consumers with privacy, transferability, convenience, accessibility, and financial security.” If a person gives total control of its finances to an unseen, unaccountable government entity, he/she will not have privacy, financial security, transferability, accessibility. He/she may have convenience. But convenience for whom?

Other lame reasons for adopting digital currencies are simplicity – there will be no need for a “complex financial system;” cross-border transaction costs would be eliminated; and illegals would not incur money transfer costs.

After Covid-19, the proponents of CBDC argue, people were not using cash anyway for fear of contamination. Proponents also argue that CBDC is good for people who do not have access to banks (5% of adults do not have a bank account). Could it be possible that it is their choice not to have a bank account?

Proponents of CBDC also argue that 13% of adults with bank accounts use services like money orders, payday loans, and check-cashing services which the government deems ‘expensive.’ The real issue here is that such money is usually untaxed. The government wants to make sure that all earned and transferred cash must be taxed and not earned under the table in cash.

“A CBDC also provides a country’s central bank with the means to implement monetary policies to provide stability, control growth, and influence inflation.” This is not true. Each country has a central bank already which is engaged in monetary policy, controlling the money supply, and the interest rates. Government activity, direct and indirect, actually causes inflation through its out of control spending and printing of money without any backing of goods and services. To say that a digital currency would actually curtail government spending is ridiculous.

Proponents of digital currencies argue that such a digital currency would avoid the volatility in the market, another false statement. During a financial crisis, there will not be enough bank liquidity to facilitate withdrawals when most customers would need their money.

Proponents of CBDC admit that privacy is an issue with digital currencies because authorities [read government] would have total power to monitor all transactions for financial crimes, social crimes, money laundering, and financing terrorism. Additionally, hackers and thieves will have a centralized hub to steal from, a much easier job.

It is not comforting to see what third world countries have adopted the CBDC system: the Bahamas, Antigua and Barbuda, St. Kitts and Nevis, Monserrat, Dominica, Saint Lucia, St. Vincent and the Grenadines, Grenada, and Nigeria. India’s central bank announced that it would introduce a digital rupee by the end of 2023. Sweden, with its 9 million citizens, experienced a reduction in the use of cash so it is developing an e-krona. What Is a Central Bank Digital Currency (CBDC)? (investopedia.com)

The Chinese are already offering discounts to their own citizens if payments are made in their country’s central bank digital currency (CBDC). One example, if passengers on buses, subway, and rail services pay fares from a digital yuan mobile wallet issued by the Industrial and Commercial Bank of China, they pay as little as 0.01 yuan for their trip. It is safe to say that a Chinese national is totally controlled by the CCP from cradle to grave.

To say that all this was not carefully orchestrated, it would be an understatement. During the Covid-19 lockdowns in 2020, the use of cash and coins was discouraged everywhere under the pretext of shortage. Signs appeared by cash registers everywhere, “does not take cash,” and to this day the signs are still up.

When Elon Musk bought Twitter, many thought that he bought it because he loved freedom of speech and he proceeded to clean house and release documents that the American citizens were eager to see. But that was not the reason he bought Twitter. He wants to make it into a hub for everything, including financial transactions. If he succeeds, his company will be the sole purveyor of the government’s digital currency, health care, food, education, entertainment, travel, and everything else highly controlled humans will do.

As the dollar continues its downward spiral due to high inflation caused mainly by government destruction of our fossil fuel energy industry, its green energy, build back better plans, the out-of-control money printing and government spending of trillions of dollars we do not have and are not backed by any goods and services, the petrodollar just took a huge hit.

The Saudi Minister of Finance, Mohammed Al-Jadaan, told Bloomberg TV during a World Economic Forum (WEF) interview that the Saudis “will gladly accept all currencies for settling oil transactions.”

For a long time the United States had agreed to protect the Saudi Kingdom in exchange for the Saudis demanding U.S. dollars for all oil transaction settlements. This allowed the U.S. dollar to have currency dominance and to export inflation to the world. This arrangement is ending, and few will understand what happens next.

We are at the crossroads of the dollar losing its prominence and value in the world and the danger of accepting a digital currency controlled by an all-powerful globalist government in exchange for an empty promise of “convenience.”