Hey man,
What are your thoughts on the attack on cash that has been occurring. Visit http://armstrongeconomics.com/archives/30175
as an example. I haven’t experienced this personally but it also
appears to be occurring in the US. You have always said that cash is
king (which I believe it to prudent to keep some close by). Is it wise
for people to increase more of a percentage of PMs vs cash? (I know you
don’t give financial advice but your input would be appreciated.
– Andrew
Hello Andrew,
Indeed, the global elite is working hard to get people used to the idea. Denmark is moving closer to a cashless society. The Danish government has proposed that retailers should no longer be obligated to accept cash payments as of next year.
http://www.independent.co.uk/news/world/europe/denmark-moves-closer-to-a-cashless-society-10231995.html
Greece prime minister Alexis Tsipras suggested credit card use being made mandatory for transactions of more than €70, a measure which the bankers he supposedly hates would greatly benefit from.
http://www.theguardian.com/world/2015/may/02/greece-tourists-credit-cards-tax-evasion
Our society is already enslaved enough as it is by the fiat economy system which steals our labor as we are forced to use currencies that are beyond our control and can be created at will by the ruling elite. A cashless society would be the pinnacle of this dystopian hell. No matter how much you work, the fruit of your labor would now be directly owned by the bank.
You see, the minute you deposit money in a bank, you no longer own that money anymore. It now belongs to the bank and they can do with it whatever they desire, they simply assume a lax compromise of returning that money to you at their convenience. In a cashless society you wouldn’t even have that choice, the bank would own your wealth by de facto. There would be no obligation to hold, handle and return actual cash to clients. There wouldn’t be a risk of a bank run any more, nor would you have a choice of simply abandoning the banking system and sticking to cash. A cashless society forces every single person to use the bank for 100% of their transactions. All this means trillions of USd worth of profit for the banks and credit card companies. It also means you literally become a slave to these institutions.
What’s the solution then? Go for precious metals. Forget about the market price, just buy some. In my book “The Modern Survival Manual: Surviving the Economic Collapse”, I explain why gold is important during an economic collapse and recommended to have 20% of your savings in precious metals. If governments keep pushing for a cashless society, make that 30%. It’s the only way in which you’ll have any real money any more once cash is downright banned.
FerFAL
Fernando “FerFAL” Aguirre is the author of “The Modern Survival Manual: Surviving the Economic Collapse” and “Bugging Out and Relocating: When Staying is not an Option”.
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