I wrote this story some time ago on my privacy website. Privacy is something that I think is under rated in the 21st century. I think now that I've discovered cryptocurrency, it's clear that for better or worse, the days of printed paper money are numbered.
A currency genocide has begun world wide, and the first shot has been fired in India. This began in India just a few weeks ago, and may be spreading to the United States.
Citizens of India learned, with only a few hours’ notice, that their 500 and 1,000-rupee notes were no longer legal tender. Those are—or were—the country’s largest-denomination bills and the foundation of a huge underground economy. Now they’re just paper. The results were what you would expect: confusion, chaos, and fear. – Forbes.com
People still use cash for transactions, whether it be to buy a soda at a corner store, sell items at a garage sale or to purchase vegetables at a farmer’s market. Yet cash is now under fire from central banks worldwide. The banks don’t like cash because they cannot control it and tax it. So they feel they must get rid of it, and they make ridiculous excuses as to why they should get rid of cash: it’s too easily counterfeited, it’s part of the drug money laundering trade and many more excuses – all of which are absurd and without merit.
Former US Treasury Secretary Larry Summers published an article last week stating that “nothing in the Indian experience gives us pause in recommending that no more large notes be created in the United States, Europe, and around the world. In other words, despite the India chaos, Summers thinks we should still curtail the $100 bill.” – Sovereignman.com
Imagine what it would be like if we couldn’t use the $50 or $100 bills. Despite what the talking head economists say, inflation is rampant in the US. Anyone who’s been buying bread and milk for the last 10 years or more can tell you the price is much higher now then it was then. This is inflation at it’s core. The need for larger bills has never been higher with inflation chipping away at our incomes, yet the banks want to get rid of cash. It’s madness!
America has always been about freedom. Freedom of religion, freedom to speak out and be represented, and economic freedom. Yet our freedoms truly are under fire every day. What will you do to protect your freedoms?
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