"Give me control of a nation's money and I care not who makes it's laws" - Famous Bankster scumbag quote.
What is Money? This is a critical question and answer that must be discussed. Depending on whose perspective we consider, the answer will be different.
Money is Freedom
Money is a medium of exchange. A individual receives money via the exchange mechanism for either their labor or other goods. The individual is then able to conveniently save and store their earned money for some future time when they can in turn exchange it for goods or services that they either require or want.
They key here is that it is property of the Individual. It is your labor that was exchanged for these currency units. It is now your decision what to do with the fruits of your labor.
You can save it for a rainy day. You can use it to purchase essentials like food, cigarettes, alcohol, weed and lap dances.
You can donate it charity. You can give it away to family members. You can save it for some big ticket item you want like an automobile or Caribbean vacation. You can lend it to a bank in exchange for interest payments or you may invest it in some other business in hope of a greater return.
It is yours to spend, save, burn or piss away as you see fit. Nobody has the right to tell you how to spend or what to do with your money. You don't have to report to anyone or tell them what you are doing with your money. You don't have to tell them how much you have. Money enables the individual the freedom to do what they want, when they want, with their labor and time.
So money is really nothing more than an individual's labor and efforts - Conveniently converted to paper and coin so that it can be used in the future.
Money is Control
Because money is freedom, and represents the Labor and decisions of the individual citizen, the State has, and always will, attempt to manipulate, control, and debase it, in order to control you. The State wants you to use your money to do what they want you to do with it, as opposed to leaving that decision to you. They manipulate interest rates to apply pressure to the citizen and "encourage" consumption vs savings, in order to meet the objectives of some "Central Plan" that they have.
They tax your money, which is State sanctioned theft by force. If you don't pay tax you go to jail, yet you have no say as to how they spend your money. They sprinkle it around on bread and circus in order to keep the masses appeased, but mostly it is consumed by the state for it's own power and greed.
Carefully Observe the Academics and Economists
In what started as a steady trickle, but now looks like a raging river, there is a continuous theme being disemminated through the media as well as Universities across the land. They are questioning the validity and need for cash. They are pushing for a cashless society where everything is a electronic record. Let's look at some of the propaganda and dis-information being spread by a couple of psychopaths trying to sway public opinion:
From the Princeton University Press Comes one of "Bloomberg's Best Books of 2016." The Curse of Cash by Kenneth S Rogoff who is "One of World's Leading Economists".
They go on to explain:
"The world is drowning in cash—and it’s making us poorer and less safe", and Rogoff "makes a persuasive and fascinating case for an idea that until recently would have seemed outlandish: getting rid of most paper money." "Even as people in advanced economies are using less paper money, there is more cash in circulation—a record $1.4 trillion in U.S. dollars alone, or $4,200 for every American, mostly in $100 bills. And the United States is hardly exceptional. So what is all that cash being used for? The answer is simple: a large part is feeding tax evasion, corruption, terrorism, the drug trade, human trafficking, and the rest of a massive global underground economy."
Globalist Scumbag Ben Bernanke gives his full endorsement,and calls this book a "fascinating and important book" and encourages us all to pick up a copy. Let's read more about all the benefits to banning cash from one of the key architects of the Wall Street bailouts and Trillions of debt the US now has around it's neck.
"Paper money can also cripple monetary policy. In the aftermath of the recent financial crisis, central banks have been unable to stimulate growth and inflation by cutting interest rates significantly below zero for fear that it would drive investors to abandon treasury bills and stockpile cash. This constraint has paralyzed monetary policy in virtually every advanced economy, and is likely to be a recurring problem in the future."
Oh...now we see. And now you can clearly see. But in case you don't, and have trouble reading bold letters, lets review it one more time.
Cash should be banned because when Central Bank Scumbags decide that they want to charge YOU interest for keeping cash in the bank for savings, they are afraid that you will simply pull your cash out of the bank.
And why should you be allowed to do that? After all, it's not really your money...it's not your labor...it's not your freedom of choice and decision..It's theirs. The academics and government officials will know what's best for you. And you are going to listen and you are going to like it.
Government fleecing and stealing from it's citizens is nothing new. Their preferred weapons of choice are taxes, and then debasement of currency, which is effectively a tax on the individual's savings.
And so I ask you to simply think about this question. If you today or your grandma yesterday, or your great granddaughter in 50 years from now works and saves $1,000 - Why shouldn't they be able to then exchange those savings for the same goods whether 10 or 20 or 50 years later?
But in today's society you can't. Your $1,000 today will buy you practically nothing in 50 years from now. Just like $10 earned 50 years ago buys you practically nothing today. The reason is the relentless and continued debasement of your currency by geniuses like Rogoff and Bernanke. They are unable to implement some of their cash transfer schemes if citizen's have access to their own money; so something has to be done about this.
And don't kid yourself, these aren't philosophical errors of well meaning men. This is a deliberate frontal attack by Psychotic globalists that want to rule over you and control every move you make and every breath you take.
Global War on Cash has Begun
The argument is always the same - Only terrorists and tax evaders use cash. So we must do something to stop these criminals. To the uninformed and uneducated this actually sounds like it could make sense. The thing is, people today haven't thought it through very well - but we have...And now I want you to think through it very well and accept these following three irrefutable facts.
1) The US Dollar has lost 98% of it's purchasing Power since the creation of the Federal Reserve bank with it's ability to manipulate credit and create money out of thin air. Academics and globalist media mouthpieces will refute this fact and you'll find them presenting you with all types of graphs and figures. But don't listen to them, and don't listen to me - Do your own research. Research what it cost to buy a suit, a sweater, a dress, a coat, a car, a house back in the 1920s versus today and what you will find is prices 90-95% cheaper than today. Period.
2) Since the US completely severed the Dollar's link to Gold in 1971, the National Debt has exploded from 398billion to $20Trillion or a staggering 5,000% increase.
Again, mainstream academics will dispute the importance of this saying, "well GDP grew as well so you can't look at debt in isolation" - but this is a hallow argument.
Firstly, GDP data is so heavily massaged by government statisticians that you'd want to tip them $50 for a happy ending.
Their GDP numbers mean nothing to the individual citizen, but the debt figure does. You don't get to eat a economists' GDP calculations, but you and your grandchildren will be eating the debt they've piled on, and for a very long time at that.
3) Individual Control of one's money, i.e. Holding Cash, provides freedom and anonymity to the individual citizen. When you hold it in your hands, or store it at home for future use, you have physical custody of it and control how and when it is spent - most importantly, there is no trail of how this money is spent. However, if cash becomes digital only, then every single purchase you make becomes part of a data stream that draws a picture of who you are. Digital money is controlled by Government and Financial Institutions, and not you. They have custody of your money - the individual does not.
At the stroke of a keyboard they can make your electronic funds disappear. They can implement their punitive theft scheme of "Negative Rates". They can punish you for your religous, political, or personal beliefs. They can silence your voice, because they wield the ultimate power - Power over your money. The money you use for everything you do in life. The food you eat and drink, the leisure goods you buy, the causes you donate to. They would have control and oversight over everything.
For example, lets say hypothetically the United States declared it was going to invade some Middle Eastern country to over throw a dictator they installed 15 years earlier.
Let's say you disagreed with this so you decided to write a blog and speak out about the disaster you see unfolding. The Government could easily silence you now, by freezing your money.
They might also consider you a terrorist and set their sights on stopping you and your anti American message by disrupting your funding. The next day you can read about it in the NY Times or watch on Fox News as they report that the Government has just broken up a terrorist Financing scheme and frozen all assets. Simple as that - Sit down and shut your mouth little boy, I am in charge here.
Let me repeat. In a digital cash society, the same institutions and thieves that have brought you 20Trillion in Debt, Wall St bailouts, Never Ending Wars and more, would have full control over your money.
Would you trust anyone to hold your money for you? Maybe a few people which are considered close family. But can you trust a Washington DC politician with your money? History has answered this question for us and it is a resounding N. O.
In a digital cash society, Corporate Giants and the Governments will have total control over your privacy and your money - They control you.
Your new owners will monitor not only how you spend your money, but will be watching how you conduct your daily life. Your spending is an electronic record and your privacy is totally lost.
As one analyst correctly notes "Without hard cash, every digital purchase logged is subject to taxes, fees and penalties. Owe back taxes? Overdrawn on your account? Had a lien filed against you? Forgot a mortgage payment? In a cashless society, government or big banks can more easily take your money without resistance or due process.
And in doing so, those entities will have an entirely new cache of information about you. But on it goes, despite those obvious and formidable risks."
Heed this warning we are giving you - You have to start making preparations as the Globalist Scum have already begun to implement their plan. Consider this:
1) The European Central Bank will no longer create the 500 Euro Note. - To fight terrorists and drug dealers of course.
2) Larry Summers, former US Treasury Secretary, is pushing abolishing the $100 bill - This bill happens to be 80%+ of all US Currency in circulation.
But the real danger signals are coming from the East.
Each year 3ptCapital gives a prestigious award to the biggest government scumbag on the planet for that calendar year. We call it the GSBoY award, and some of the prestigous award winners have been Donald Rumsfeld, Hillary Clinton, John McCain, and 5 time respective champions George Bush and Barack Obama.
Watching those 2 scumbags destroy this country in only 16 years kind of reminds us of the old Lakers/Celtics battles during the championship years in the 80s.. It's hard to argue which one is best since both have so much statistics and hardware to their respective credit.
Each one of these men and women were a testament to the attributes required of this distinguished award.
Criteria include: Loss of Civil Liberties, Increase of surveillance state, poisoning of food supply, proliferation of Weapons of War, Government Coups, and of course plenty of bombings, wars, innocent civilian and military deaths, and incarcerations of civilian and military personnel as well.
With so many deserving candidates to choose from, 2016 was a difficult year until this one GSB rose high above all others. My gosh, I'm soooo excited to announce this today, I can hardly control myself. The 2016 winner is......
Narendra Modi - Indian Prime Minister and 3ptCapital 2016 GSBoY award Winner
So firstly, we'd like to congratulate Mr. Modi for winning this year's award. And now we'd like to highlight his major accomplishment.
On November 8th, the same day Trump was shocking the world with his supposed upset of the Clinton Obama Bush Dynasty, Modi had a shocking announcement of his own. Without warning, in order to achieve his noble cause of "rooting out corruption and fighting terrorism" by decree he invalidated the 500 & 1,000 Indian Rupee bill which accounted for 86% of cash in circulation in India. Citizens had 30 days or so to exchange their old notes for new ones with the watchful eyes of the government and tax man looking at what they were exchanging. Any exchanges deemed too large could be subject to penalty and/or seizure.
As the Indian Economy is cash based, this demonetization scheme has had a devasting effect, especially on the lower class and the poor. For the upper class who have internet access and already use Debit cards, his plan is popular. But put yourself in the shoes of the poor who have saved some cash under their mattress and use what little money they have to buy life's essentials. They were put in a impossible situation.
The currency ban has been a huge headache for 100s of millions of Indians. Since the old 500- and 1,000-rupee notes are the bread and butter of most financial transactions in India, everybody has been rushing to exchange them. But because the supply of new banknotes is far smaller than the supply of old ones, there are currently strict regulations on the quantity of new banknotes that people can withdraw at any given moment. And even with these regulations, reports of banks running out of cash abound.
That’s created headaches for people as they wait in long lines outside ATMs and banks, which routinely run out of cash. For people who rely on daily cash earnings to survive, it can mean not being able to obtain food. Farmers looking to sow their next set of crops can’t buy the full quantity of seeds they need.
If someone wants to convert more than 250,000 rupees — roughly $3,650 — they’re required by law to provide an explanation for why they have so much cash and prove that they’ve paid tax on it. If they don’t, they’re expected to pay a fine of 200 percent of the tax they owe
The cash shortage has been particularly hard on destitute Indians, many of whom don’t have bank accounts. Some of them have to choose between waiting in line for a day to exchange their defunct currency or working for a day’s wages. Many poor people may simply end up losing their savings because of their mistrust of financial institutions and concern about being harassed about where their cash came from.
So there you have it folks...Government helping people by leaving them unable to buy food. While numbers are hard to verify there have been dozens of reported deaths of elderly and sick waiting for hours in 100degree heat to facilitate the cash exchange. Commerce and trade have been upended, and we can expect a shocking drop in Economic output as the economy has ground to a complete halt.
The one thing we can be sure of is that no corruption has been rooted out of India. The gangsters will continue to operate as normal, especially those working with Modi in the government.
Bitcoins in China
Not too far from where Modi was making his legend we have a Communist Country teaching us a valuable lesson about digital currency.
Bitcoin is a crypto currency and electronic payment method whose float is managed by a "community". It is gaining much fanfare because A) It is perceived that Bitcoin is not controlled by banks or the government. B) There is supposedly a fixed quantity.
So once again, we have people looking for a alternative to Fiat currency units controlled by governments, but is a electronic crypto currency the answer? How hard will it be for governments to regulate or seize control of this money we have wondered? And we have our answer..
Bitcoin has apparently been in high demand, particularly in China these days. But the problem is that the Communist Chinese government has strict capital controls and regulates how much money can leave the country. They are concerned that citizens are using bitcoin to circumvent these rules and announced that they would start conducting spot checks on Bitcoin trading. They want to investigate "market manipulation, money laundering and unauthorized financing."
Predictably the thinly traded Bitcoin proceeded to plunge over 30%.
So there you have it folks. As soon as there are enough citizens looking to use an exchange mechanism outside of debased government fiat, you can be 100% sure that the State will step in to monitor, regulate or outright ban and steal your digital currency - all in the best interests of the citizens of course and to combat global terrorism and money laundering.
Cash as money is property of the citizen. Digital currency is property of the State and Corporations behind them. For this reason there is currently a Global War on cash being waged, and this is a war against the citizenry. With digital currency you are disavowing all precepts of privacy and anonymity. With the stroke of a keyboard your money can be devalued, or outright stolen.
It is up to you to fight back against this assault on your privacy and freedoms. The good news is that there is a timeless solution for you - It's money that has been used and recognized for 1,000s of years, and will continue to be recognized for 1,000s more. No government controls it, and it would be practically impossible to seize. It's why they hate it so much, and discourage all talk and discussion of it in Academia as well as in modern Finance. It is your defense against the profligacy of the State, and continued debasement of your wealth. You need to recognize and appreciate it's power. Most importantly, you need to start accumulating a core position.