Cyber-Attack Intensifies “The Secret War” on Cash
A world war is now underway on many battlefields. This ‘war on cash’ is an invasion by government money-snatchers and cyber-hackers that now threatens to confiscate your savings, end your financial privacy and eliminate free market capitalism forever.
India's recent currency “demonetisation” was a large-scale test of what globalist Progressives call the “cashless society,” their ideological vision of the human future.
In a cashless world your transactions would be an open book; and governments can track you or even turn off your ability to buy and sell via your computer, cell phone or credit cards.
How close are we to such a future?
Right now you are already a casualty of this war if you have a bank account and do not know that your bank is required to spy on you. We are rushing into a future where merely possessing cash – tangible money – might soon be a crime. Why? Because today cash is considered the money of the black market, drug dealers and other lawbreakers.
In November 2016, fear and panic struck India – the world's most populous democracy – when 500 and 1,000 Rupee notes were suddenly banned. This drastic action was designed to catch tax evaders who had large secret holdings of “black money” in cash, said Prime Minister Narendra Modi. His surprise decree forced citizens to exchange their “corrupt” money for new currency at a bank. The resulting financial chaos has choked off business and dramatically slammed the brakes on India’s economy.
In March 2017, we discovered the CIA, NSA and other top intelligence agencies, holding our nation's most sensitive national secrets, have all been hacked! How safe and private are your finances sitting in electronic stock, savings and even 401k accounts? Very unsafe. While it’s true your accounts may be insured, do you really want to stand in a line with potentially millions of others waiting to get your money back – if at all?
If people wish to withdraw their cash, why would the banks not just let them take their dollars and go? The answer is that doing this might unravel today’s economic grand illusion and bring the whole game crashing down.
Total cash in the U.S. financial system is in the neighborhood of $1.36 Trillion. Americans also hold up to $10 Trillion worth of “money” in accounts in banks and other niches of the financial system. The dormant nightmare here is that market equities, bonds, mortgages, commercial paper and other wealth based on debt – and derivatives – add up to roughly $337 Trillion. If even a tiny panic or “run” on the system occurred, people trying to cash out even 1% of these holdings, most institutions would not have the physical cash to do so.
Soon you will have only electronic blips in a bank computer that can be changed into world government currency at the flip of a switch. Saving will become impossible, so your account will measure only your credit, debt and interest payments.
To find out how this secret war on cash ends, request Swiss America's 2017 Edition of The Secret War on Cash.