Post by NFA on Oct 23, 2020 23:56:38 GMT 8
This election will be decisive for the world’s reserve currency
By Paige Donner October 23, 2020
In 1933, in the middle of the Great Depression, President Franklin D. Roosevelt signed Executive Order 6102, prohibiting “hoarding of gold coins.” The order mandated that U.S. Citizens give up all of their gold at a price the government set.
Could something like this happen in the 21st century for U.S. coins and paper money?
It could.
Could something like this happen in the 21st century for U.S. coins and paper money?
It could.
It always comes down to a question of control. Who is going to be the ultimate authority on who issues our money and who controls monetary policy?
Will it be a pseudonymous network of computers that a loose confederation of crypto miners maintains?
Or will it be a government whose representatives we ostensibly (theoretically) elect?
we will transition to a cashless society as quickly as you have seen it happen in China.
Under the guise of “socialism,” a central authoritarian government in cahoots with Big Tech will impose fines and penalties on anyone who does not comply.
The elderly, the undocumented, and the tech illiterate will be left behind, driven to using illegal tender, i.e. cash.
Additionally, as in China, the government will use digital currency to award “good citizens” -- that is, people who support them politically and ideologically -- and punish “bad citizens,” i.e. the rest of us.
Additionally, as in China, the government will use digital currency to award “good citizens” -- that is, people who support them politically and ideologically -- and punish “bad citizens,” i.e. the rest of us.
This already occurs in China where people are refused train travel, prohibited from buying certain items, and are otherwise marginalized based on their government-ascribed “ranking.”
Orwellian?
You bet.
Orwellian?
You bet.