your money won't be yours if you participate in the digital cbdc scam;
When I talk about the war on cash and a cashless society, some people think I’m exaggerating the threat or they don’t take it seriously.
But I’m not exaggerating the threat. It’s here, it’s growing and it’ll only get worse. Today I’ll show you the latest example.
The proponents of the cashless society cite convenience as a major benefit. Why bother having to tote a bunch of cumbersome cash and coins around when you can just swipe a card or pay with your smartphone?
Besides, they say, cash enables criminal activity on the black market. Cash is the money of crime. And in some respects, they’re right.
Swiping a card or scanning your smartphone is certainly easier than having to get cash from a bank or ATM and lugging it around in your wallet, dealing with change, etc.
If you eliminated cash and replaced it with digital money, it would impact the black market (though they’d figure out a workaround).
Meanwhile, cash is costlier to produce than digital money and unlike with cash, you don’t need to hire a Brinks truck to move digital money around. No more bank robberies! And all those truck drivers and security guards can now learn to code!
You get the point. And that’s why the war on cash has been so successful. Digital money is simply more convenient to use than cash.
And the surest way to lull someone into complacency is to offer a “convenience” that quickly becomes habit and impossible to do without.
The Digital Cattle Pen
But here’s what they won’t tell you, as I’ve warned time after time: You’re being herded into what I call a “digital cattle pen” from which there’s no escape.
The fact is, governments always use money laundering, drug dealing and terrorism as excuses to keep tabs on honest citizens and deprive them of the ability to use money alternatives such as physical cash, gold and, these days, cryptocurrencies.
The real burden of the war on cash falls on honest citizens who are made vulnerable to wealth confiscation through negative interest rates, loss of privacy, account freezes and limits on cash withdrawals or transfers.
In reality, the so-called “cashless society” is just a Trojan horse for a system in which all financial wealth is electronic and represented digitally in the records of a small number of megabanks and asset managers.
Once that is achieved, it will be easy for state power to seize and freeze the wealth, or subject it to constant surveillance, taxation and other forms of digital confiscation like negative interest rates.
They can’t do that as long as you can go to your bank and withdraw your cash. That’s the key. Cash prevents central banks from imposing negative interest rates because if they did, people would withdraw their cash from the banking system.
If they stuff their cash in a mattress, they don’t earn anything on it; that’s true. But at least they’re not losing anything on it. Once all money is digital, you won’t have the option of withdrawing your cash and avoiding negative rates. You will be trapped in a digital pen with no way out.
In other words, it’s much easier for them to control your money if they first herd you into a digital cattle pen. That’s their true objective and all the other reasons are just a smoke screen.
Again, that’s the part they won’t tell you.............more.......