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.

 

 

 

 

War on Cash and One World Currency

Money greases the wheels of exchange, and thus makes the whole economy more productive. The idea that everything should be cashless is problematic for so many reasons. Bartering is a good under certain circumstances and societies, but it relies on what Keynesian economists call a “double coincidence of wants,” making it less desirable than cash.

Cash is easier because it is a convenient medium of exchange, sometimes free from government prying eyes, a unit of account for quoting prices, and a store of value as long as the trust in government is not eroded and inflation is low.

Cash is lightweight, can have large denominational value, does not spoil, and is thus better than commodity money, i.e., cigarettes, bullets, chocolate, jewelry, gold coins, pelts, furs, soap, etc.

From the government’s perspective, it is easy to see why they would want a cashless society. Banning cash under the guise of it being infected by disease, of controlling money laundering of criminals and drug lords, and routing all of our income, every last penny through the banking system helps them better control everything we do, freezing accounts at will, while taxation becomes so much easier, including payments to Obamacare insurance and any financial penalties an individual is required to pay. It enables governments to track with 100 percent accuracy everything we buy and sell, everything we own, and everything we do.

From the people’s perspective, cash is freedom, but the leftist main stream media is attacking it with pathetic excuses such as cash is physically dirty, expensive, potentially criminal, and obsolete 19^th century technology, happily promoting the “war on cash.”

The media’s opposition sees the “war on cash” as another form of population control when people’s accounts can be raided and their owners classified as potential domestic terrorists, or denied healthcare, travel, education, and other services if they are marked with a “digital star.”

The issues with a cashless society are too many to mention them all:

-          Total control by the state or its proxy

-          Savings could result from not using special paper, printing, ink, labor, and metal alloys but then those in the trade would become unemployed

-          If an attack occurs on the Smart Grid and there is no power, there are no financial transactions possible without some cash, a substitute, or barter

-          In the event of a national disaster, i.e., earthquake, tsunami, hurricane, tornado, power outages, transactions can be made by cash, commodity money, or barter

-          An EMP attack or intense solar flares would make cash or one world currency worthless and people will resort to theft

-          A cashless or global currency would give banks extraordinary power with no cap on interest rates or their control

-          Cashless transaction will always be traceable and thus the person’s location

-          One world currency in a cashless market would eliminate exchange rates, currency trading futures, eliminate a substantial sector of the job market and thus revenues

-          Black markets and illegal activities would be eliminated, and everyone will be forced to pay taxes on every penny

-          Children under 18 would be excluded from holding credit cards and thus excluded from financial transactions without cash; no more grandma cash gifts, lawn mowing money, or rainy-day cash savings in a jar

-          Prostitution will have to be legalized and client’s names become public record

-          Billions of Muslims would lose hawala transactions which are based on cash

-          Conducting monetary policy about money stock will be altered as cash disappears and one world government such as the U.N. would have to do it

-          Labor will be purchased and sold with electronic credits and debits

-          How would the value of one world currency be decided? Will it be tied to gold, silver, platinum, or some other precious metal or decided arbitrarily by the United Nations?

-          The destabilization of economies via counterfeit currency between countries would be eliminated as a tactic of war if only one currency exists

-          What would cyber attacks do to a single grid of digital money?

-          What would happen to third world nations that are not so electronically wired and depend heavily on cash and barter? How could they possibly make transactions in digital money?

-          Would there be electronic counterfeit of digital currency across the globe and who would police it? http://canadafreepress.com/article/what-would-the-world-be-like-without-cash-or-with-one-currency

Yet “The Bank of International Settlements is getting headlines again because of its direction of central banks to go cashless.” https://www.technocracy.news/the-dark-past-of-the-bank-for-international-settlements/

Week in Review with Silvio Canto, National Blog Talk Radio

Week in Review with Silvio Canto on National Blog Talk Radio, 55 minutes. Topic: U.S. economy, the dollar, the price of oil, Obamacare, this week in history, immigration (February 1, 2013)
http://www.blogtalkradio.com/cantotalk/2013/02/01/the-us-economy-in-review-with-dr-ileana-johnson-paugh