In practically every country, the allowable limit for cash withdrawals and transactions continues to be lowered.
Further, rampant currency debasement is lowering the real value of these ridiculous limits.
This from Doug Casey on InternationalMan.com.
To answer the questions, ‘Why are governments so intent on phasing out cash?’ and ‘What is really behind this coordinated effort?’ Doug Casey shares three truths that Nick Giambruno has pointed out about money in bank accounts.
#1. The money isn’t really yours. You’re just another unsecured creditor if the bank goes bust.
#2. The money isn’t actually there. It’s been lent out to borrowers who are illiquid or insolvent.
#3. The money isn’t really money. It’s credit created out of thin air.
An important point to remember: cash is freedom.
And when government limits the use of cash—physical dollars that don’t leave an electronic trail—they are limiting our personal freedom to act and thus are compromising our privacy.
Governments will probably mandate Central Bank Digital Currencies (CBDCs) as the ‘solution’ when the next real or contrived crisis hits—which is likely not far off.
What are the implications of CBDCs for financial privacy?
If CBDCs are implemented, anything bought or sold, and any income earned, will have zero privacy. The government will know what we each own, and they will be in a position to control our assets. They’ll be able to add CBDCs to the accounts of favored people and subtract from or block access to the accounts of those who are not.
And digital dollars will be easy to implement since everyone already has a government ID and a Social Security account. Everyone has a smartphone. Soon everyone will have a CBDC account as well. If you lack any of these things, it will certainly ding your Social Credit Score.
NOTE: CBDCs and digital “health passports” may be the most dangerous threats to the freedom and independence of the average human being in modern history. These tyrannical tools will enable the government to control where we are able to go, what we are able to do, and what we are able to own. Following the implementation of CBDCs, control of everyone of us will be a daily fact of life.
Under this current Regime, saying anything that runs counter to what’s considered politically correct is becoming increasingly dangerous—and doing anything outside that which is considered to be correct is becoming even more difficult. Further, indoctrination through education and the media are making it hard to even think.
Example: During the great COVID hysteria—which was a relatively minor problem from a medical point of view—the government solution was mass lockdowns and mass vaccination. Genocide included, the solutions were much worse than the problem.
In summation, free speech is dying with cancel culture, trigger warnings, safe spaces, and penalties for what is subjectively called hate speech.
It’s not just financial privacy but privacy across the board that is being buried.
Cellphones, so-called “smart” appliances, electric vehicles, social media, and other electronic devices create an all-encompassing surveillance system that most people voluntarily opt into.
Art imitates life, yes, but life also imitates art.
Especially when we look at George Orwell’s famous novel, 1984. In the book, Big Brother had ubiquitous video screens monitoring what the plebs did. We now have hundreds of millions of cameras all around the world—not counting billions more in smartphones. Universal surveillance is making for very grim times.
Recently, Klaus Schwab of the World Economic Forum said that everything will be “transparent”—a euphemism for darker things.
He explained:
But don’t worry: you have nothing to fear, if you do nothing wrong.
Remember, transparency is only for the potentially dangerous plebs, who may not share the views of their betters.
One of the differences between a civilized society and a primitive, barbaric society, is privacy. In primitive societies, privacy doesn’t exist. You have paper-thin walls in your hut. Everybody sees everything you do and everybody you talk to.
One of the nice things about civilization is that we can get away from people if we so desire—socially and financially.
Eliminating privacy—whether it be personal or financial—is destructive of civilization itself. In fact, privacy is one of the central elements of civilization.
If privacy is to become dead for nearly all people, what will come next? What are we to expect?
Let’s think about these questions and review the following brief tidbits of information:
– People have been programmed not to take privacy seriously. Worse, some are now suspicious of it and passively accept the fact that very little true privacy still exists.
– Children no longer say, “Hey, it’s a free country,” when one says or does something that another doesn’t like.
– People are cautioned to limit airing personal thoughts and actions on Facebook, LinkedIn, and similar types of social media. It’s all accessible to anyone and makes it much easier for the government to control us.
– Imagine living under a Social Credit System, where everything we do, everywhere we go, and even everything we say is recorded and reported. China has this extreme form of control now and if globalism in America progresses, we will eventually have our own version. We’ll be rewarded or punished according to what the ruling elite think is good or bad.
So, the question is: when, if ever, will this trend turn around?
Sadly, the appropriate question may no longer be ‘when’ rather ‘if’—at least within the near future. The trend toward tyranny is not only still in motion but accelerating. A lack of privacy means a lack of freedom. And a lack of freedom is what characterizes a serf—although in today’s world, we are serfs with high standards of living.
How can the average person protect their privacy and limit their exposure to government and corporate surveillance?
At this point, if we want to maximize our personal freedom, we ought to consider living in a country where we’re not a citizen. That’s because governments consider citizens to be their subjects, their assets, their property.
When we are foreign citizens living in a foreign country, the local government tends to consider us a non-threat, almost a non-person. Sad to say, in today’s world, from a personal freedom point of view, we’re better off not living in our own country. That certainly includes the U.S. and Canada.
From a financial point of view, it’s very important [we] own and hold physical gold and silver, in [our] own possession, as opposed to electronically.
Paper or electronic accounts are fine for speculating. But we want to have a considerable cache of the physical metals for safety. Plus, at some point, they will revert to day-to-day money.
Lastly, we should put a layer of protection between ourselves and those who would do us harm. Devise a way to shield your assets. However you feel about the Second Amendment, arm yourself and arm each adult member of your family. Stock pile food stuffs, become as self-sufficient as possible, and unless it is not possible to do so get away from crumbling inner cities.
Final thoughts: Personally, I do not believe what is outlined above will come to pass. I see what is above is a description of a worst-case scenario. I believe our beloved country and the world will approach the edge of collapse but will be saved from total annihilation.
God speed to Conservatism and to the Take Back of our Constitutional Republic.
