Say goodbye to the dollars in your wallet… Why governments hate cash and cryptos… Last chance to join Bill, Doug, and Mark in tonight’s special broadcast… In the mailbag: “Your freedom ends as soon as it crosses into mine”…
When we left off yesterday, we were discussing the Surveillance Society – the Deep State’s attempt to monitor, record, and process everything you say and do.
Every search you make on Google… every page you like on Facebook… every purchase you make with a credit or debit card… every song you listen to on iTunes… every show you watch on Netflix… every email you send… every phone call you make – your digital activity is being watched and tracked around the clock.
There are also hundreds of millions of cameras and microphones in smartphones, laptops, and “smart devices” such as Amazon’s Echo, Google Home, or Facebook’s Portal.
And with the new advances in facial recognition we’ve been telling you about… odds are you’ll show up on one of America’s 30 million CCTV cameras. (That’s one for roughly every 11 citizens.)
The U.S. Surveillance Society is already formidable. And it’s about to get even more formidable… as the feds come after the last refuge of financial privacy – cash.
Tonight at 8 p.m. ET, we’re hosting an evening with Bill Bonner, Doug Casey, and Mark Ford.
It’s a rare chance to hear these three legendary newsletter men and self-made millionaires share their secrets about business, investing, and life that I (Chris) think you’re going to love.
You will also have the opportunity to “partner” with Bill, Doug, and Mark on a new venture they’ve been keeping under wraps until now.
I can’t give you the details here. But you’ll learn more about that following this evening’s event. So secure your spot here.
Cash is a remnant of the analog age. That makes it a safe haven from digital snooping.
Take a stack of $50 bills from under your mattress… buy something with them… and the feds can’t easily track you.
Cash transactions are nearly fully anonymous. The only people who need to know about them are the people involved in the deal.
If you’ve been following Legacy Research cofounders Bill Bonner and Doug Casey over the last few years, you’re familiar with what’s going on.
The War on Cash is the push by governments and central banks to gain complete control of the money system – and your financial affairs – by eradicating all forms of hard-to-track cash. Here’s Doug…
Every major government in the world is trying to eliminate cash, starting with the big bills. The 500 euro note, the $100 bill, and even the $50 bill will all be dead ducks soon. There are parts of China now where cash isn’t even accepted. You have to use a smartphone to buy a coffee at a corner convenience store.
Soon all transactions will be done digitally. It’s wonderful – for the state. They’ll know every source of your income, who’s paying you, and for what. They’ll also know every allocation of your assets – what you’re buying, what you’re reading and watching, what you own, and where it is.
A decade ago, this would have been enough to give the Deep State absolute control over money. But cryptocurrencies threw a wrench in that plan.
Cryptos are another way you can transact with a high degree of anonymity. In particular, when you use “privacy coins” such as Monero.
Two-thirds of the world’s central banks have said they’re in the exploratory stages of rolling out their own bitcoin replacements.
For example, the Bank of England is researching how to create a cryptocurrency linked to Britain’s currency, the pound sterling.
The Bank of Canada is looking at issuing its own crypto version of the Canadian dollar.
Sweden’s Riksbank – the world’s oldest central bank – is exploring the “e-krona,” a crypto version of the Swedish krona.
And Russia, Singapore, Denmark, and Norway are studying crypto replacements for their national currencies.
Take François R. Velde, a senior economist at the Chicago Fed.
In 2014, he called blockchain – the distributed database that powers cryptocurrencies – an “elegant solution to the problem of creating a digital currency.”
Or David Andolfatto, vice president at the St. Louis Fed.
In 2015, he proposed the U.S. adopts what he called “Fedcoin.” And he’s spoken publicly about it on several occasions since.
Think of Fedcoin as an evil, central bank copy of bitcoin. It’s completely digital, like bitcoin. You can transact with it on a blockchain via a wallet app on your smartphone. But it has all the privacy and decentralization features of bitcoin stripped out.
Transparency is a feature of blockchain databases. That’s what makes them tamperproof.
But on the bitcoin blockchain, each transaction is not associated with your name and home address. Instead, it’s associated only with your “public address” – a unique string of characters.
With a government-issued crypto, the feds would require your name, address, and Social Security number – just like your bank or credit card company does.
And that obliterates any last shred of financial privacy.
Every transaction you make with the new e-dollar would be digitally etched on a government blockchain. So the feds will be able to track – and control – every financial move you make. Doug again…
Government digital currencies are an immense threat not just to financial freedom, but any type of freedom. It’s a “kinder and gentler,” but much more insidious, version of 1984. I’m honestly shocked that people aren’t up in arms about this. They should be furious that governments are moving towards digital currencies…
The government, or one of its agents, could decide to lock you out of your bank account. They could cut you off from your own money. And completely cut off your ability to buy, sell, travel, or do anything, should you be viewed as politically unreliable. I suspect that once you’re on a list, getting off will be much harder than getting off the TSA’s “no fly” list – which is nearly impossible.
Make no mistake, crypto-fiat currencies are an attempt by the feds to kill cash and cryptos… and take full control over you and your money.
Tomorrow, we’ll show you why it will just end up making private cryptos like bitcoin stronger.
The definition of freedom – and what it means for pot legalization – has been the hottest topic in the mailbag these past few weeks.
And, in particular, there’s been a big stir since Michael M. sent in the following comment last Monday:
Just let people do what they want. If that’s self-destruction, that’s THEIR CHOICE. Either you believe in personal freedom and personal responsibility, or you’re akin to the church controlling everyone in the Middle Ages. Pick one.
– Michael M.
If you haven’t been keeping up with the back and forth, catch up here. Today, Michael takes back the mic…
Thank you for posting my previous comments. And thanks to those that engaged with them in a thoughtful manner.
To the doctor who sees the real human toll of drug use, I can sympathize with the issue. You’re right. It is a real problem, one that needs to be addressed. I don’t have an answer for that. So long as the government is involved in healthcare and is subsidizing the system… drug legalization is a real problem.
In response to those who fear those who will harm them or their families while on drugs, consider this: We already have laws on the books to address these issues. If someone drives under the influence of any drug, be it alcohol or meth, they are subject to the legal repercussions of those choices…
Your freedom ends as soon as it crosses into mine. In the case of drugs, if you use drugs and hurt someone, your life should effectively be over, whether through lifelong incarceration, rehab, or in the worst cases, capital punishment.
– Michael M.
Should pot be legalized as long as the government regulates it? Or are you against legalization no matter what? Tell us why at [email protected].
November 28, 2018
P.S. If you haven’t RSVP’d for tonight’s event with Bill, Doug, and Mark yet, you can do it right here. The cameras start rolling at 8 p.m. ET sharp, so don’t wait.