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Tag Archives: digital currency
Designing a new currency is impractical
Designing a new currency is impractical Rising interest rates threaten to destabilise both financial asset values and the fiat currencies in which they are priced. This outcome is feared by the chattering classes who increasingly speculate about currency resets. So far, we have seen cryptocurrencies such as bitcoin, plans for the introduction of central bank […]
“Programmable Digital Currency”: The next stage of the new normal?The war on cash’s endgame is here: money replaced by vouchers subject to complete state control.
“Programmable Digital Currency”: The next stage of the new normal?The war on cash’s endgame is here: money replaced by vouchers subject to complete state control. Building on the bitcoin model, central banks are planning to produce their own “digital currencies”. Removing any and all remaining privacy, granting total control over every transaction, even limiting what […]
One Ring to Rule Us All: A Global Digital Fiat Currency
One Ring to Rule Us All: A Global Digital Fiat Currency We’ve written extensively about the “war on cash.” In a nutshell, governments would love to do away with cash in order to better track and control their citizens. There have been numerous moves closer to a cashless society in recent years, from capping ATM withdrawals to doing […]
The War On Cash, Is It A Real Thing? The Answer Is Yes
The War On Cash, Is It A Real Thing? The Answer Is Yes In our bizarre economy, we hear many things, and ideas are constantly being thrown out to us. This all tends to flow together and help us develop a strategy as to how we should cope with the changing times. One thing we […]
Central Bank Visions of Absolute Control
Central Bank Visions of Absolute Control There’s not much you can do in the year 2021 that doesn’t leave a digital trail. The collusion of big tech and big government has assured this. Still, there does remain one simple way to elude the busybodies. In fact, one of the last ways to preserve some level […]
The Real Digital Plot
The Real Digital Plot The move to end paper money and move toward a national cryptocurrency took a major step recently when the House Financial Services Committee task force expressed support for experiments to create a digital cryptocurrency version of the U.S. dollar. They argued that the United States had to keep pace with China, […]
The Cyberattacks Are to Force the End of Paper Money
The Cyberattacks Are to Force the End of Paper Money I find it interesting how nobody seems to distinguish between a digital currency and blockchain cryptocurrency. The former is not traceable other than that transaction. To eliminate cybercriminals, the World Economic Forum is pushing ending paper money and moving to cryptocurrencies – not digital. With […]
Dangers Of Programmable Money Explained
Dangers Of Programmable Money Explained Dominic Frisby with Money, Markets & Other Matters talks about the war on cash and central bank digital currency, known as CBDC. He questions if CBDCs are “the final step into the brave new world – Orwellian great reset dystopia – we seem to be heading towards” or are they “the onramp to the Bitcoin […]
The End of Paper Money – the Digital Revolution
The End of Paper Money – the Digital Revolution The assumption in governments has always been that WE ARE THE PROBLEM – not them! They have really believed that if they could tax the underground economy they would have balanced budgets. We all know that in reality, no matter how much money they collect, they will always […]
Austria bucking Trend Against Digital Currency
Austria bucking Trend Against Digital Currency The Austrian National Bank has started an information campaign to support cash. It remains to be seen whether it is on a collision course with the ECB. There will be rising resistance to this scheme to eliminate paper money and force everyone into a digital currency. I would expect you will see […]
“Monetizing Privacy”: The Fed Fans Out, Touting the “Digital Dollar.” This Time, How Consumers Would Benefit
“Monetizing Privacy”: The Fed Fans Out, Touting the “Digital Dollar.” This Time, How Consumers Would Benefit But the problemita of pulling the rug out from under the entire banking system still needs to be addressed. “As cash use continues to decline, the question naturally arises as to whether central banks should provide a digital alternative […]
Cashless World Signals a Global End to Privacy
Cashless World Signals a Global End to Privacy Countries are moving to digital currencies at lightning speed. This is the future of money. Digital currencies will replace cash on an ASAP agenda. We are witnessing Europe, Canada, Asia, and even China all moving toward this new digital world for (1) total control, (2) taxes, […]
COVID-19 and the War on Cash: What Is Behind the Push for a Cashless Society? [SHORT]
COVID-19 and the War on Cash: What Is Behind the Push for a Cashless Society? [SHORT] Cash may well become a casualty of the COVID-19 pandemic. As these COVID-19 lockdowns drag out, more and more individuals and businesses are going cashless (for convenience and in a so-called effort to avoid spreading coronavirus germs), engaging in online commerce […]
China’s Central Bank to Lead Real-World Pilot of Digital Yuan: Report
China’s Central Bank to Lead Real-World Pilot of Digital Yuan: Report China is at last planning to conduct the first real-world test of its central bank digital currency (CBDC), fresh reports claim. According to local news outlet Caijing on Dec. 9, the initial pilot for the CBDC is set for the city of Shenzhen before the end of […]
