Showing posts with label digital currency. Show all posts
Showing posts with label digital currency. Show all posts

Saturday, October 18, 2025

Cash is King and Freedom

My grandmother always kept cash under the mattress, and my grandfather stashed his precious silver and gold coin collection in a tin box which he hid in a special place he thought was safe. But I knew about it because I saw him one day.

When the Russian soldiers “liberated” the country after WWII, they confiscated most valuables they found, including cash. Whatever they missed, the Bolshevik communists behind them confiscated the rest, even digging up his small tractor he had buried in the garden.

The communist economy, from then until December 1989, was cash-based and barter-based, nobody had checking accounts and credit cards were something nobody knew existed in capitalism. The bartering as a medium of exchange was out of necessity to survive.

Everybody carried around large amounts of rolled up cash because people never knew when they walked by a grocery store with a long line of people, waiting for certain staples of food that would be delivered and, if they had the money, they stood in line to buy whatever was sold because they would need it, if not today, for sure tomorrow or in the near future.

Cash is a convenient medium of exchange; often the exchange happened between an underground-economy seller and a customer who did not want to stand in line and was willing to pay the price asked.

Cash is used for purchases from sources other than stores, for paying someone to mow the lawn or do a simple repair job. Illegal gambling is a cash-based part of the economy. Drug trafficking and human trafficking are also based on enormous amounts of cash, and no legal records are ever kept. And the government never receives any taxes.

People have used commodity money to pay for goods and services. Commodity money is an object used as a medium of exchange; such commodity money has value in alternative, non-monetary uses. Examples of commodity money could include cattle, stones, candy bars, chocolate, panty hose, gold, silver, copper, cigarettes, soap bars, woodpecker scalps, porpoise teeth, giraffe tails, etc.

Bartering can be useful in smaller, rural areas but it is much harder in large cities because it is based on the coincidence of wants. Our economy is much more complex to allow a smooth provision of goods and services just based on coincidences of wants.

The problem with commodity money is that it has be easily divisible, readily identifiable, uniform, storable, durable, and compact. Of all the commodity money, gold and silver hold the most value, are most compact, and do not require refrigeration. Currently, gold has already surpassed $4,000 per troy ounce which is approximately thirty-one grams.

Gold and silver coins had been struck for 2,500 years. Paper money was invented by the Chinese in the eleventh century, and Marco Polo brought the idea of cash to Europe.

Ironically, the modern Chinese were the first to implement digital currency on their billion plus citizens, all tied to the social credit score system. This allows citizens to have an economic life, travel, fly, go on vacations, medical care, school tuition, food, and other necessities based on their social credit score, i.e., how they behave in society and whether the government approves of their behavior, what they say and do.

Cash is king and represents freedom, but the globalist plan wants to replace it with digital currency across the globe, removing any possibility of hiding sources of income, wealth, and economic activities that do not generate taxes for the globalist government. The digital currency becomes the absolute tool to control all economies, all income, the ultimate mean of power and control.

As more and more places refuse to take cash as a form of payment, our cash will disappear from the global and domestic markets. The “greenbacks,” named so after Salmon P. Chase, Secretary of the Treasury to Lincoln, who picked the green color for our legal tender banknotes, will disappear.

All our freedoms depend on cash, however devalued the "greenbacks" may be because of the overspending by Congress and the constant printing of it by the Treasury.

 

 

 

 

Sunday, June 30, 2024

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 18th 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.

Wednesday, January 3, 2024

Our Globalist World


Our modern world is changing fundamentally in a very short period of time, and we are becoming global citizens. We are closer than ever to a new world order, no borders, no national identity, digital currency, Chinese style social scores (rewarding and punishing behavior of all citizens), 15-minute cities, sustainable everything in life, no national language, global citizens shaped and controlled by billionaire globalists and their worker bees in various NGOs (non-governmental organizations), generously funded by said billionaires, central banks, central governments, and heads of state who share their agenda.

For the first time in history, the modern world which owes its existence to Europe, is not shaped by geography, i.e., mountains, peaks, rivers, valleys, oceans, seas, and large lakes. It is shaped by irrational fear, a bioweapon, governments, two proxy wars, and especially the false global warming/climate change narrative.

Tim Marshall, in his book, Prisoners of Geography, argues that geographical features explain “why there are so many nation states,” cultures, and languages, not just in Europe but all over the world.

Marshall theorizes that the Danube basin and the Danube River (1,771 miles long), originating in Germany’s Black Forest and flowing into the Black Sea, “affects eighteen countries and forms natural borders along the way,” a potential explanation why there are so many small countries in Europe. He explains that the Danube even formed natural borders during the Roman Empire, later during the Ottoman Empire, and during the Austro-Hungarian Empire.

Physical barriers such as tall mountains and peaks have prevented countries from going to war, a strong deterrent against military invasions. Ethnic and religious divisions have been marked by rivers which created a border.

Topography, i.e. navigable rivers, flatlands, deserts, the absence or existence of high mountains, ignoring harsh climates, very cold, dry, or extremely rainy, have been recipes for disasters across history.

One example of a very large country which has been invaded multiple times from the west (Poles, Swedes, French, Germans, to name a few) in the last 500 years is Russia. It is six-million square miles huge; has eleven time zones; it takes six days to cross by train. It has vast forests, lakes, rivers, frozen tundra, steppes, taiga, and mountains.

But things are changing now in the twenty-first century. Many countries today have powerful drones, western technology, and smart weaponry on their side.

Who is controlling the modern world then if “borders, language, and cultures” are no longer significant in the existence of a nation? For a short answer, it is the United Nations, NATO, World Health Organization, European Union, World Economic Forum with its enslaving Great Reset, World Bank, central banks with digital currency, technocrats, the Bilderbergers, and the Council of Foreign Relations. For a longer answer, add power mad billionaires of all stripes, corrupt politicians of all parties, heads of state, academia, mainstream media, and Hollywood.

How are these globalist entities and individuals accomplishing the fast conversion of the traditional world, formerly limited by geography and made up of 195 countries, into a one world government and open borders?

-         Health control manipulating fear and mass hysteria (WHO, UN, and governments)

-         Water control manipulation (UN and climate NGOs)

-         Weather manipulation (governments and their military)

-         Purposeful desertification (UN, governments, environmental NGOs)

-         Global warming transformed into climate change industry propaganda (UN and all its myriad of organizations, governments, media, heads of state)

-         Technology manipulating how we live (technocracy, UN, EU, governments)

-         Space technology (military, governments, heads of state)

-         Creation of artificial shortages through governmental polices (all of the above)

-         Interdiction of plentiful fossil fuels use (presidential decrees and executive orders, all of the above)

-         Destruction of thriving economies by forcing them to adopt insufficient wind and solar energy at all levels (UN, EU, heads of state, billionaires, and all environmental NGOs)

-         Destruction of the supply chain of goods and services (all of the above)

-         Deliberate famine through control of food production and distribution (UN, WEF, politicians, heads of state, NGO propaganda)

-         Population reduction through faulty and untested vaccines (WHO, UN)

-         Radiation from 5G technology, smart meters, and Wi-Fi (UN, technocracy, governments, EU, WEF)

-         Indoctrination to accept global tyranny without any protest (media, academia, Hollywood)

-         Digital currency controlling everything we do, with the ability to steal wealth, deny wealth accumulation, freedom, travel, food, health care, denying fertilizer use, education, housing, electricity, fuel, heat, air conditioning, access to cars, entertainment (central banks, World Bank, UN, WEF, technocracy, heads of state, governments, EU, NGOs, agriculture departments)

The red reset button (an emergency stop button in industrial equipment) which Hillary Clinton had awkwardly presented in translation to Russian Minister Sergey Lavrov in Geneva on March 6, 2009, was meant to be a symbol of political reset between the two nations’ diplomacy.

In retrospect, was this uncomfortable gesture much more than that, could it have also symbolized the coming dangerous reset of the world as we know it?