As with much of TBP, a brilliant insight:
The assault against physical currency is shifting into overdrive.
In the past six months alone:
India pulled 86% of its cash from circulation.
The EU froze production of €500 banknotes and announced plans to tighten its existing restrictions on cash transactions.
President of operations and technology at MasterCard, Rob Reeg, predicted that Australia will be a 100% cashless economy within the next 5-10 years…
By restricting the public’s ability to access and store currency, governments can keep their citizens on a tight leash. Any dissent or rebellion can be swiftly stifled by seizing funds and freezing accounts. And once a precedent is set, it’s unlikely that many would dare to rise up.
Imagine a world where you can only buy things with an electronic card, and that card can be disabled, “due to an error” at any moment.
“Oh, geez, the magnetic strip must be failing…. At least you can get another in two to four weeks.”
I had been thinking of it in terms of being able to seize the money as the government’s coffers run dry, but being able to stop individuals from using it is probably even more important in the interim. Imagine a Hillary minion with that power, at critical moments in the Apocalypse. You head to the grocery store to empty the shelves, but due to an error, each card only has $40 on it.
Again, these things sound great when they are sold as only being applied to drug dealers and terrorists. But once some minor functionary doesn’t like an opinion letter you wrote to the town newspaper, and the machine turns on you, you’ll suddenly realize why they used to say, “That which governs best, governs least.”
Tell others about r/K Theory, because it is available in limitless quantities
Some commenter at one of the survival blogs has pointed out that ammunition would make an excellent barter good. It comes in a variety of sizes and prices and is widely acceptable as a trade good. A .22 LR cartridge currently goes for around 10¢, and larger sizes run around $1 or more. You can readily buy the .22 LR is 500 rd bricks.
Anyone 18 and older can buy ammunition without a permit in nearly all States. Also, you don’t need to own a gun to find value in ammunition. And it is likely an asset that will appreciate in time, especially if cash does disappear.
A cashless economy would have a very large black component, and tax revenues, especially sales taxes, would decline substantially.
[…] The Burning Platform On The Death Of Cash […]
The good thing about the US being essentially a criminal conspiracy is that our cash has become the de facto currency for the narcos and other syndicates, so it is too useful there for our pols to allow it to be culled.
I EXPLAINED THIS TO A LADY FRIEND ABOUT THREE YEARS AGO. SHE SEEMED TO THINK IT A BIT FAR FETCHED. I ALSO TOLD HER HOW DEMENTED THE LEFT IS. I HOPE SHE KNOWS NOW THAT MY ACUITY IS QUITE SHARP IN REGARDS TO THAT BUNCH. THEY ARE UNABLE TO LEAVE OTHERS ALONE- THAT WOULD BE CALLED FASCISM. WHEVER SHE IS I HOPE SHE KNOWS THAT THEY COULD TURN ON HER TOO, AND IT IS KEY TO BE CAUTIOUS. HOPEFULLY SHE UNDERSTANDS ME A LITTLE BETTER. I RECOMMEND THE r/K BOOK TO ALL WHO VISIT THIS SITE.
Thanks for the help!
HELP WITH WHAT?
Spreading r/K.