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Summary: The U.S. dollar is in crisis. Trillions of currency units have been printed. Near-zero interest rates have done nothing to stimulate the economy. And now, up to 40 different countries are leaving the dollar. Federal Reserve members recently held a private meeting in Washington, D.C. to discuss a disruptive new “monetary technology” that—if implemented—could wipe out the savings of millions of Americans.
A cashless economy does have the benefit of eliminating the underground economy and preventing a banking crisis. A cashless economy also lays the foundation for the new age of Economic Totalitarianism that confronts us. As the article below states, “Considerations of their arguments have shown how governments can seize all economic power are destroy cash in the process eliminating all rights. Physical paper money provides the check against negative interest rates for if they become too great, people will simply withdraw their funds and hoard cash. Furthermore, paper currency allows for bank runs. Eliminate paper currency and what you end up with is the elimination of the ability to demand to withdraw funds from a bank.”
I started a report on this topic several months ago but, because of health issues, I did not finish. I considered not posting this information at all because of the number of months that have passed but I decided to let you decide what to do with this information. Doug Casey, the man who predicted that Trump would win the 2017 Presidency, also predicts a change in our economic system. Doug Casey is a libertarian philosopher and multi-millionaire speculator, who recently (in the past several months) predicts the U.S. dollar is facing a change. In fact, a controversial new law the Federal Reserve may enact replaces the dollar as world currency with something like a bitcoin. The reports states: “In fact, according to my source, Fed members just wrapped up a special ‘behind-closed-doors’ meeting to discuss one of the most dramatic changes to the U.S. dollar in the last 100 […]
Inside, county Chairman Albert Ellison pulled out a yellow legal pad on which he had handwritten page after page of reasons why many Texans distrust President Obama, including the fact that, “in the minds of some, he was raised by communists and mentored by terrorists.”