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Cash Beats Electronic Money, but Real Money Beats Cash

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Cash Beats Electronic Money, but Real Money Beats Cash
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Viv Forbes – Today’s world is awash with electronic money. But last week, much of Australia’s electronic money disappeared for up to 14 hours with the crash of the Optus electronic network.

The disruption to business and the community was “immediate and profound” with rail networks, hospital services, retailers, and banking establishments affected. Naturally this was not helped by babbling politicians waving big sticks.

Shoppers rushed ATMs to get cash for a cup of coffee. Some were unable to pay for meals they had already consumed. Continue reading →

Headed for a Digital Concentration Camp [Video]

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Austin FittsGreg Hunter – Catherine Austin Fitts (CAF), Publisher of The Solari Report and former Assistant Secretary of Housing (Bush 41 Admin.), says the central bankers want nothing short of “a complete digital control system.”  CAF explains, “We have what we have been building for the last 20 or 30 years, and it’s getting much more obvious, but it’s been covert most of the time.

They basically want digital control systems through the financial system, through the health system and government systems to implement control.  That control is delivered one person at a time.  You have extraordinary surveillance systems that have been built steadily for decades that are basically tracking everyone. . . .

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Cashless Society and the End of Freedom [Video]

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cashAlexandra Bruce – In 1971, US researchers sought to create a perfect surveillance system that wouldn’t inhibit people’s behavior. They predicted that the widespread adoption of debit cards would eventually become that surveillance system and they were right.

The surveillance capability introduced by debit cards diminishes the anonymity of cash payments, making it easier for the government to collect taxes and eliminate black markets that heavily rely on cash precisely for its untraceability.

Australia has the world’s highest cigarette tax, which has precipitated a massive black market, which the Australian government decided to deal with by cracking down on cash. Continue reading →

Cash, Assets, and the Time Value of Money

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Building wealth is a lifelong pursuit. Creating a nest egg is essential for retirement, yet many of us are failing to do what it takes to retire comfortably and on time. Maybe that’s because so few of us really understand the important financial concepts that govern our personal financial strategies — or that should govern them, anyway.

Those key concepts include the ones discussed below: cash, assets, and the time value of money. What is the time value of money, and how does it relate to cash and assets? When is it better to have an asset, and when is it better to have cash? Here’s what you need to know. Continue reading →

Senate Bill: Travelers Must Register Cash And Digital Amounts Over $10K

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assetsClaire Bernish – A new bill seeks to track your money and assets incessantly, will enjoin any business with government ties to act as a de facto arm of DHS, and would steal all of your assets — including Bitcoin and other cryptocurrencies — should you fail to report funds when traveling with over $10,000.

Under the guise of combating money laundering, Senate Bill 1241, “Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017,” ramps up regulation of digital currency and imposes other autocratic financial controls in an attempt to ensure none of your assets can escape one of the State’s most nefarious, despised powers: civil asset forfeiture.

All of this under the farcically broad umbrella of fighting terrorism.

Civil forfeiture grants the government robbery writ large: your cash, property, and assets can be stolen completely sans due process, your guilt — frequently pertaining to drug ‘crimes’ — matters not.

A court verdict of not guilty doesn’t even guarantee the return of State-thefted property.

In fact, the government can seize virtually whatever it wants if it so much as suspects some of your assets might have been acquired through or used in the commission of even lesser crimes.

For some time, a war on cash has been brewing behind the closed doors of government, and — although officials prefer to claim counterfeiting, terrorism, and money laundering as the impetus for asset tracking — in actuality, physical currency facilitates black market and untaxed transactions, and, most imperatively to the U.S., cannot be thefted under civil asset forfeiture laws as easily as money exchanged digitally.

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