The Currency Genocide Has Begun

in #cashless7 years ago

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?

Sort:  

Congratulations @junkman84! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

You got a First Vote

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

Congratulations @junkman84, you have decided to take the next big step with your first post! The Steem Network Team wishes you a great time among this awesome community.


Thumbs up for Steem Network´s strategy

The proven road to boost your personal success in this amazing Steem Network

Do you already know that @originalworks will get great profits by following these simple steps, that have been worked out by experts?

Congratulations @junkman84! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!

Coin Marketplace

STEEM 0.19
TRX 0.24
JST 0.037
BTC 95716.86
ETH 3329.80
USDT 1.00
SBD 3.02