Category Archives: War on cash

Bitcoin, a growing Safe haven from the Global War on Cash

The Global War on Cash

Via  @ visualcapitalist.com

[Editors Note:  Below is an excellent Infographic which gives a great overview of  the escalating  global war on physical cash.

In my opinion the war on cash is totalitarianism dressed up as a moral crusade. If governments genuinely cared about drug money laundering, terrorism funding and money laundering they would:

  1. End the war on drugs (Which escalates drug prices on the Black market and incentivises drug trade)
  2. End fiat currency which facilitates the funding of large scale foreign conflicts (A major catalyst for terrorism) without direct taxation of the general citizenry, and political repercussions.
  3. Actually criminally prosecute banks who have carried out large scale money laundering.

(Point 2 is why people believe that Bitcoin in the long run could actually end large scale military conflicts)

Whilst I dont like fiat currency, the risk of removing the physical aspect of currency and making it purely digital  risks dangerously centralising control of global currency with Banks and Governments which will no doubt overtime, turn into a draconian knightmare in light of the ongoing global financial crisis.

As well as yet another fundamental reason to invest, Bitcoin offers people a way to escape the war on cash, this move towards totalitarianism and a way to enable a decentralised financial system which upholds Sound money, liberty, freedom and Volutaryism as core principles. 

Whilst I dont condone any illegal use of Bitcoin as described above, as a society I believe we need to address the core reasons for these certain nefarious uses of cash, rather than thinking a ban on cash is going to resolve these problems]

See the infographic here…

The War On Cash is escalating fast & its one of the main fundamentals driving Bitcoin Price

Via Simon Black via SovereignMan.com,

[Editors Note: The Bitcoin currency is essentially ‘Digital Cash’ hence why the escalating war on paper cash is going to be one of the biggest fundamentals driving the price of Bitcoin.

Check out my video ‘Bitcoin/Gold/Silver – Ultimate Protection against the Global War On Cash and NIRP Lunacy’ that explains this in more detail]

  • “Cash is one of the few remaining options for financial privacy that doesn’t create a permanent record of every purchase or transaction you make.It’s also an easy way to reduce your exposure to risks in the broader financial system.Think about it– the banking system is full of institutions that never miss an opportunity to demonstrate they cannot be trusted with our money”
  • “Hardly a month goes by without some major banking scandal; they’re caught colluding on exchange rates, manipulating interest rates, fraudulently establishing fake accounts without customer consent (and then charging us fees on top of that).It’s disgraceful. In many banking systems across the world (especially in Europe right now), banks have precariously low levels of capital and are already suffering the effects of negative interest rates”

Read more here..

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