I am not a fan of crypto. I have several bitcoins out there… somewhere. I “mined” using my computer many years ago. As I remember it was just a matter of leaving my computer on and other computers were using my processor. I got fractions of fractions for this but eventually they did add up. It was… maybe $20 or $30 worth at the time. They are linked to an email account that was on a computer that is long gone. When Bitcoin soared I tried to track them down, but I basically had nothing to go on. There was absolutely no way to prove anything. I didn’t even remember the email, only that it was Geo-something or something like that.
I believe many truckers in Canada found out just how handy that was… for the Government!
The more I think about that (what starts at 8: minute mark) which is totally new concept to me; the more I am craving any knowledge any members here can add to that "concept".
I likened it to how you can get a "reverse mortgage" through the government. The end result is that the gov. owns the property. Society has become such a debt fueled economy that credit cards, debt, credit scores etc. are the norm and acceptable. That movement has all been on purpose (my belief) to move towards this. If you own any real property, and inflation is so through the roof that you can't afford your Redbull and Hohos or whatever other nonfood items you are addicted to, you can essentially pull the value out of your property so that in the end "they" will own the property and you will be a slave to their system. Again, that's just how I see it.
What got my attention was "expanding" the quantity of what could be monetized SIX-FOLD. They referred to "Natural" things that could be monetized "then" financialized.
When I cross the border into the eastern Oregon town of Ontario, the freeway exit takes you through an area like Tijuana with rows and rows of farmacias and dentists' offices, except it's marijuana dispensaries and ATMs. To the best of my knowledge, they all require payment in cash.
Wow........Note: I like the messages she produces. Yet, I watched that video totally, which repeats the same-same-same talking points over and over.
- and bring the cash to her birthday party last night. It wasn't much as stocks go, but still, it was $5000 in cash. I wasn't totally comfortable carrying that amount of money around town at night and into a sports restaurant/bar where he party was. It was a small rural place, next to the railroad tracks, with minimal street lighting in kind of a "looked deserted, but you know people were there hiding in the dark" kind of rundown area.
and went inside. It was actually a gigantic place despite how it looked on the outside. Full of hundreds and hundreds of people, almost shoulder to shoulder. So I made the clandestine handoff of the cash to my niece. Very secretive and not obvious to anyone, despite the crowd. Well, she just set it down on the table and walked off to continue mingling with the crowd. I thought, well, it's her money, she can do with it as she pleases. We obviously have differing thoughts on large sums of cash and how to handle them. So I relaxed my grip on my firearm and stopped continuous scanning of the restaurant for potential attackers - and ordered myself a sandwich. I have no idea if her cash made it home with her. I doubt she does either. Oh well - guess I should relax a bit myself and not worry about things like this. And to think, before leaving for the restaurant with the cash last night I was thinking to myself - is my P365 enough? It only holds 10+1. Maybe I should take my PPQ? That one is 15+1. You never know the size of the crowd that is planning to rob you.
Yep, I can see that. I did think it was poignant that she stated that even E Musk and T Carlson receive funds however indirectly from those who they appear to be "against." I thought the last 2-3 min. were the most valuable message of the video but thought you might appreciate the "how" of what they are doing. I don't follow her or the site but it popped up in my feed after hearing the last one. Just more food for thought.
I see it coming too. Very difficult time.We've had this discussion before within other threads, but I wanted to bring it up again as a topic all on it's own. I have seen the world going closer to a cashless society and I don't like it at all. The Millenials seem to pay everything with a card or with their phones. Many don't consider the lack of privacy as being an issue at all. They think that nobody will ever look or care about what they buy and when. I used to think that way, but I just feel that big brother is everywhere (and already knows too much) so I try and protect my privacy whenever I can, which is why I use cash as much as I can. In addition I don't like to support big banks and CC companies. They make money on every transaction, so I use CC's mostly when I can't use cash. That 1-2% cashback is not worth my privacy. However, with large purchases with warranties like appliances or electronics, I will break down and use the card to take advantage of the additional safeguards in product performance.
For every day purchases like groceries, gas, haircuts, restaurants, ammo, etc., I use cash. How much I drive, what food and drink I consume, where I go out to eat and how often is nobody's business but my own. It's just creepy thinking anyone would care about any of that, but lots of businesses would love to have that information. In addition I don't trust government not to over-reach and put together a profile on me and somehow use it against me. Geez, I sure hope not, but why leave it to chance? Perhaps my future health insurance premium will be based on my purchasing history taking into consideration food, drink, fitness purchases, unhealthy purchases such as tobacco, alcohol, etc......yet they don't disclose how they calculate the rate you pay. Kind of like your insurance scores right now. I have asked the insurance company exactly how they come up with my score and they won't disclose it, bascially saying it's too complicated.
Here's some interesting article links:
https://www.thebalance.com/pros-and-cons-of-moving-to-a-cashless-society-4160702
https://hbr.org/2019/07/is-the-u-s-on-its-way-to-becoming-a-cashless-society?ab=hero-subleft-1
According to this article, the FDIC states that cash represented only 30% of all payments in 2017.
Also according to the article, a "less cash" society is emerging and that an entirely cashless society is unlikely anytime soon, especially when 70% of Americans still report using cash on a weekly basis. Add to that 83% of small business owners in the US never plan to go cashless and 73% of people believe that America will never be a fully cashless society.
I don't think the US will go cashless in my time, but I do see it as being probable in the future. I've discussed this topic on other forums and people seem to think cashless is the way to go. I mention the downsides, but few of them seem to think anything bad can happen in a cashless society.
