Tightening of the Noose

old guy

Active Member
The Rush To A Cashless Society, by Brandon Smith



A fundamental pillar of true free markets is the existence of choice; the availability of options from production to providers to purchase mechanisms without interference from governments or corporate monopolies. Choice means competition, and competition drives progress. Choice can also drive changes within society, for if people know a better or more secure way of doing things exists, why would anyone want to stay trapped within the confines of a limited system? At the very least, people should be allowed to choose economic mechanisms that work best for their particular situation.

This is not how our society functions today, and free market do not exist anywhere in modern nations including the US. Whenever I hear someone (usually a socialist) blame free market “capitalism” for the oppressive ailments of the world, I have to laugh. The alliance between governments and corporate monopolies (what Mussolini called national socialism or fascism) makes free markets utterly impossible. What we have today is an amalgamation of socialist economic interference and corporatocracy. Our system is highly restrictive and micro-managed for everyone except the money elites, who do not have to follow the same rules the rest of us do.

Of course, I might be preaching to the choir when it comes to these issues. But, there are some underlying developments being pushed forward by globalists hell-bent on a one world monetary system and a one world government that even many liberty activists are not fully aware of.

In alternative economic circles, the US dollar is seen as the end-all-be-all of fiat currency dominance. Many activists see it as the key to the power of the global elites and they think the Federal Reserve is the top of the globalist pyramid. This is not exactly true.

The US dollar is itself just another tool of the banking cabal, and tools sometimes lose their usefulness over time. While it could be said that for the past several decades the dollar as the world reserve currency was the core of globalist influence, this is about to change and we can see the signs today. The rush towards a cashless society in the past few years is startling and unfortunately too many liberty activists have been suckered into thinking that it’s is a good thing.

There are a number of reasons for this. As mentioned above, activists see the dollar (or Fed note) as fuel for the globalist machine, and so obviously they would like to see it go down in flames. They also are generally proponents of free markets, and the exploding trend of cryptocurrencies has given them the illusion that “choice” is returning to economy through “monetary competition”. I understand the basis for this attitude, and I appreciate where it’s coming from. I also have never been a proponent of the dollar or any other central bank fiat system. This article should not be misinterpreted as a defense of dollar hegemony.

That said, there is a much bigger agenda at play here, and the dollar is only one fading part of it as it is being quietly replaced by a completely digital framework. We have to once again ask ourselves – Who really benefits from a sudden shift in the economic and monetary world? Who gains political and social power through a cashless society? Is it the public? Or, is it the same banking elites and globalists that have always held sway over our economic structure?

In 2017 I published an article called ‘The Globalist One World Currency Will Look A Lot Like Bitcoin’. In it, I warned that the trendy marketing of cryptocurrencies to the general public by the mainstream media was extremely suspicious and contrary to the notion that the establishment was “terrified” of Bitcoin or blockchain tech putting them out of business. I also warned of the deep involvement of international banks like Goldman Sachs and JP Morgan in the progress of blockchain infrastructure and more specifically Goldman Sachs and the IMF’s love affair with digital monetary systems. Goldman Sachs even referred to the blockchain as “the new technology of trust…”

Clearly, the banking elites are not worried about this technology. In fact, they have been investing in it heavily. But why? I have long held that current popular cryptocurrencies are nothing more than a beta test for a global digital currency system controlled by the elites.

This is not to say that many people are familiar with using Bitcoin or other cryptocurrencies. In fact, only a tiny percentage of the population ever comes into contact with or trades crypto. What I am saying is, the terminology, the idea of cryptocurrencies, is now widespread.

Thanks to a vast amount of media attention, Bitcoin is a household brand even though most people have never owned a bitcoin (or a portion of a bitcoin). Whale investors have hyperinflated the price of Bitcoin and certain other coins to levels beyond all reason as demand by the investment world and average people for the mechanism is minimal at best. These price explosions, though brief, have spurred public curiosity. And, in the minds of many if something is considered valuable, no matter how ethereal or arbitrary the measure, there must be a reason…right? Therefore, in the minds of bitcoin cheerleaders high market prices prove by default that Bitcoin and cryptocurrencies are necessary and desirable and anyone who is critical or skeptical is merely “upset” that they “missed out on the opportunity”.

I have always said when asked about my position on Bitcoin and crypto that if you want to try to make money on one of these coins and think you can play the market, then by all means, the more power to you. But, for those who thought that cryptocurrencies are a tool for activism and fighting the central banks, all I can say is you have been duped.

Over the course of a decade, the masses have been acclimated to the idea of a digital currency system. They are now being acclimated to the idea that physical currencies should be done away with and replaced with the “more efficient” blockchain tech – Death to the dollar, death to the Fed and death to the globalists say activists as they cheer for the new digital landscape! But this is not what is really happening. The death of the dollar and physical cash is only the primer for a new and even more invasive world order.

In the past two years the agenda for a cashless system and a one world currency has gone mainstream. The plans that liberty analysts were once called “conspiracy theorists” for talking about ten years ago are now out in the open. The latest barrage of propaganda was launched by the governor of the Bank Of England, Mark Carney, who openly warned of the end of the dollar’s world reserve status, comparing it to the end of the Pound Sterling’s reserve status after WWII. He also noted that the dollar could be replaced by a new digital currency system and that this would be advantageous the banking system.

This piggybacks on comments made by globalist and PIMCO CEO Mohamed El-Erian in 2017, who stated in an op-ed that the IMF’s Special Drawing Rights basket system could be used to replace the dollar as world reserve and that this would help to “fight the rise of populism”.

Next, Facebook introduced the concept of the “Libra” digital currency, which Mark Carney also suggested central banks would be watching closely. Libra, in my view, is a test designed to lure wider public into using digital currency on a regular basis. As noted, Bitcoin and other cryptocurrencies gained exposure but not preference. Where they failed to infiltrate the daily trade of the average citizen, Libra could eventually succeed.

So far I think the reaction is not what the globalists hoped for. Instead, Facebook is taking it slowly by introducing a new internal payment system called “Facebook Pay” similar to Paypal. Libra, or something like it, will likely make a reappearance in the next couple of years on Facebook and on other platforms.

Next, former ECB chief Jean-Claude Trichet argued in favor of a digital version of the SDR basket system at the Caixin conference in Beijing, arguing that Bitcoin and other cryptocurrencies were not stable enough or “legitimate” enough to take on the role of central bank currencies. Many argue that this is proof that the globalists are afraid of cryptocurrencies. On the contrary, I see this as yet another example of the ongoing fake battle between bankers and crypto. They criticize certain aspects of the technology while at the same time investing in it and promoting it. Like the false left/right paradigm, there is a kind of false central bank/crypto paradigm as well.

Trichet’s argument for an IMF dominated crytpocurrency was surely welcomed in Beijing, where the Chinese have long supported the proliferation of the SDR and have called for the SDR to replace the dollar. The Chinese are not the only one’s. The Russian government has also called for the IMF to take over the global monetary system with the SDR basket. Russia has all but decoupled from the dollar, dumping it’s US treasury holding, stockpiling a large supply of gold and removing the dollar in bilateral trade agreements with other nations.

Last year Europe began establishing a new alternative to the US controlled SWIFT payment system. Germany in particular criticized the US system as a geopolitical weapon. Now, an association of major banks in Germany and in the EU is calling for a digital Euro based on the blockchain ledger.

The IMF has been openly publishing white papers that agree with the assessment that a global digital currency is needed, and with former IMF head Christine Lagarde now in charge at the ECB, it is likely that a Euro cryptocurrency system will soon make a public appearance.

In the meantime, multiple central banks are pursuing a cashless system and digital currencies of their own. China has announced a national digital currency system will be realized in the next 18 months. The Swiss central bank is exploring digital currency options, and Russia is considering launching a cryptocurrency as well.

The rhetoric coming from the mainstream media and the banking establishment is that physical methods of payment will soon disappear. This is being called the “democratization of money”, and the “multipolar world order”; I’m sorry to say that it’s the exact opposite.

The claim is that the end of cash and specifically the end of the dollar will result in more choice in the monetary world. But the end of physical cash is actually a removal of choice and the result is MORE centralization. The banking elites are so excited about the digital currency model because it removes all privacy from trade. As I have outlined in past articles, cryptocurrency and blockchain tech have no anonymity whatsoever despite claims originally circulated by proponents and cypto-activists. It is also clear that central banks intend to introduce their own highly managed currencies and most other coins will be buried in the process.

The multipolar and multilateral world order memes are also a fraud. China, Russia, Europe and other nations are demanding an alternative to the dollar, but if that alternative ends up being a digitized version of the SDR basket under the IMF’s control as these countries have suggested, then this means total global centralization, not decentralization.

Real decentralization would mean the removal of bureaucratic oversight and micromanagement. It would mean that physical currencies backed by gold and silver could be offered as an alternative option, not just cryptocurrencies or fiat backed by nothing. After all, gold and silver have far more individual investors worldwide than cryptocurrencies do. How about some real competition instead of price suppression of metals by the likes of JP Morgan?

It would mean localized currencies and payment systems backed by hard commodities, not one worldwide currency and payment system backed by nothing. It would mean nations breaking from dependence not just on the dollar, but also breaking from globalist institutions like the IMF, BIS and World Bank. The globalists are attempting to sell us on slavery by packaging it as “free markets”. The solution is to not use the systems they promote and be ready to fight tooth and nail for real decentralization.
 

twp

Admin, DuckDuckGo No Longer Recommended
Staff member
Excellent analysis and one which is guaranteed to draw fire from those promoting digital currencies...

I fear that all of you who currently have a "FacePlant" account will suddenly find that you also have a digital currency account which you did not subscribe to... With the tax reporting aspects included in the package.

Sometime in the near future, it will not be possible to claim that you've never had a FacePlant account, under the assumption that: "why, just everybody uses 'FacePlant' "... Therefore, you must be lying and are subject to litigation...

"How much did you make?"... "Thanks, we already have all your money".

Got Gold? Got Silver? IN YOUR PHYSICAL POSSESSION?
 

hypnos

Member
The author is right about a few things, wrong about some too. The cryptocurrency that is available today was not created by banks, but as he rightly points out they are investing in that technology.
The banks do not want to miss out on diversification into other financial resources.

The author's view of PMs is a little flawed in my opinion. Considering that you can buy or trade cryptocurrency for PMs, and really, what is the difference between trading dollars for gold, or trading crypto for gold? You cannot walk into any bank now today and trade dollars for its value in gold, because that isn't the way it works.

He skipped over digital banking, the numbers on your financial banking statements are purely conceptual, we know this, because there isn't enough physical dollars printed in the entire country for everyone to withdraw their balance.

Our economic numbers are also purely conceptual, and tokenized because there is NOT enough physical printed currency in existence to represent the dollar amounts of our national debt, our GDP, or anything else at a larger scale, infact, some very large companies claim holdings greater than all the printed money in the U.S. by themselves.

What the author seems to be intentionally avoiding is the fact that the real difference between crypto and the dollar is that crypto is not FDIC insured. And crypto does not have the mechanisms to inflate like the dollar because it isn't possible to do for now at least.

Whether it is gold, silver, a dollar, or crypto it's value depends on its perception!!!

Gold will not be worth anything to a person in a complete disaster scenario, and a person would likely trade anything of value for something they actually need, like gasoline or ammunition.

You see, gold is simply another token, and its value is based on its rarity and the ease of which it can be transported! Yes it has industrial uses! But without industry what would it be worth? It's a pretty rock you can't eat! So, just because it is physical doesn't necessarily mean it is immune to fall in value, a turd is also physical and is more useful for fertilizer than a chunk of gold is.
 

hypnos

Member
If you were in a survival situation, and you had a gold coin to trade for 1 round of ammunition to take an animal to feed your family, you would do it. And also, the man willing to trade a more limited and more useful resource to you for a shiny chunk of rock would be an idiot to it.
 

hypnos

Member
All one needs to do to prove the flaw in this logic a bit further is to go to your bank and ask to trade in a $1 bill for its value in gold...try that! There isn't enough gold, therefore it takes more tokens to trade for gold....wow! Yes, a yankee greenback is just a token representing something else.

It is how society functions, and tokens are required for it. You don't go to the gas station and trade a goat for fuel. How does the government take a fraction of a goat and use it to build a new road, or school? It cannot.

Tokens and society need eachother, if one fails, the other will also.
 
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hypnos

Member
What is money? Is it gold? No...is it a goat? No...it is simply a means of exchange. So if money is only a means of exchange , or a conduit used between one's goods, and another's services would it not be logical then to say that the token used in that exchange that is the most efficient, lightest, rarest, and functional for that use alone to be worth more???

My evidence: look at the price of bitcoin vs. The dollar! Wow magical.

Let's go a step further, what is the ideal tangible? Is it gold? It doesn't have many uses outside of the electronics and jewelry industry... it doesn't exactly represent a service...

Maybe the best is when both a good, and service combine??? In example: Ammo.
 
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hypnos

Member
Why would the Donald make an executive order to cap BTC at 100,000? Why are crypto whales transferring money to other exchanges?

Well, probably because he knows it will go much higher than 100,000 what will that mean? That people with accounts that large will be forced into paying the Government because they will make garnishments or heavy taxes. Simply muscle backed theft. That is the reason for a move from exchanges based in the US to exchanges based in other countries and is why Malta is in a bunch of turmoil. The cryptocurrency wars are coming.
 

Atlas

Administrator
Staff member
I do not trust what I cannot hold in my hand. That is why PM's are more valuable to me.

Thank you for the excellent read @old guy it was very good.
 
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