Our politicians in Washington DC are about to unleash what the NASDAQ calls an anti-crypto offensive. And it will impact anyone with a bank account, those who collect Social Security, and those who receive a paycheck. In fact my dear friends the US government is so afraid of the big run in cryptocurrency that some are worried that Biden will try to ban Bitcoin using a shocking back door approach.
The CEO of Kraken, warns a Crackdown is coming, and Forbes confirms that the US is very worried about Bitcoin. My friends, it all comes down to control and with cryptocurrency the governments of this world cannot control our wealth, and this is extremely upsetting for them, when they know cryptocurrency is not going away, it is the future and the future is now. They may try to scare us dear friends, and they will tax us however, they cannot stop us from controlling our own wealth anymore.
The amount of interest in first time crypto buyers is hitting an inflection point. A recent survey found only 14% of American adults which is about 21 million people own cryptocurrency however, the interesting part is in the new research, it shows that 20% of American adults that has never owned any cryptocurrency, which represents over 50 million Americans are likely to buy some crypto within the next year. The number of American adults who own cryptocurrency could more than double over the next 12 months. Americans are finally understanding the beauty of it all, and having the courage to take control of their wealth and their future.
$THE WAR ON CASH$
The war on cash is still happening, very long ago my dear friends, central banks monopolized the issue of currency notes, effectively banning all private money. This was the first victory to control our wealth, today this war on cash refers to a set of policies around our world to suppress the use of paper currency and of course metal coins. Their goal is to shift 100% of transactions to credit cards and digital bank accounts, that will leave an electronic Trail for law enforcement, tax authorities, and for whoever else wants to know exactly what we are doing with our money.
Also, it’s a way for the central banks to trap your money into the system and decide for you how much your wealth is worth. My dear friends, don’t let us beat around the bush here, let us call it what it is, a war on financial privacy and our ability to preserve our own wealth. ARE YOU HEARING ME LOUD AND CLEAR, it is about control, controlling us and controlling our wealth, this is one of the reasons that the governments of this world are so upset about digital currencies, they are not in control of our wealth.
Per usual, it hits hardest, the most vulnerable, leading us farther down the path of creating an ever-expanding permanent underclass. While also, expanding the role of the government in all of our lives my friends. As Lawrence H White, who is a senior fellow at the center for monetary and financial alternatives put it, their policies only serve to compromise society financial privacy and enable the prosecution of victimless crimes.
Wherever banks are required to, know their customers, and to provide transactions records to government officials. Impose an legislated tax on money–holders,and leave them no means of escape into untaxed (inflated) media of exchange whenever the central bank decides to pursue a negative interest rate policy. Hammering the livelihood of the small business people, who must rely on cash sales, particularly those serving the unbanked or operating in some of the outdoor markets and reducing the welfare of their customers (mostly poor) by raising transaction costs.
Are you ready, the last blast in the war on cash came very recently, currently, President Biden is proposing to Congress to force banks to send the IRS in-depth records of all transactions of any bank account with more than $600. Of course my dear friends, it’s being frame as a way to strike back against wealthy tax evaders, so they can pay their fair share. And if you believe that, well I have some beautiful lakeside property in Nevada that I will sell to you.
Is this war on cash really in the public interest? Obviously not, it only benefits the private interest of the tax authorities and incumbent payment service providers. As Mr. Don Quijones, who is the editor of Wolf Street puts it, the war on cash is being waged for the exclusive benefit of those who already wield an inordinate amount of power and control over the economy and all the people that are struggling in it. And these greedy vultures want more by slowly quietly killing cash. They seek to size the last remaining thing that offers the working class a small semblance of privacy anonymity, and personal freedom in their increasingly controlled and surveyed lives, and the way things are looking, unfortunately, they just may get it.
*!THE WAY OUT!*
A central institution having a monopoly on the medium of exchange is a relatively new phenomenon. It is indeed a historical anomaly. Soon my sisters and brothers, we propose, this world of ours will turn right side up. Cash will continue to take deadly blows all over this world. Central banks will keep inching us towards their own micromanaged digital currency.( In parts of Switzerland they no longer use cash, they have allowed the government to put chips in their left-hand so they can buy and sell with no cash involved) please hear me.
Traditionally gold and silver were a great safe haven, personally I am still a fan of both. I have invested in both, silver far more than gold. Those savvy enough to see how blockchain and digital currencies can provide a worthy shift in history, need to prepare now. That way dear friends, when your bank goes cashless (and it will) you can make your cash go bankless. Please hear my words, it is now time to prepare.
As you know, I am a big-time investor in digital currencies, as I have just stated to you in this article I also invest in silver and gold. Today with great pleasure, I’m going to induce you to a young lady that I have the deepest respect for. Who has helped me on this journey of precious metals, I have known her through social media for the last few years, and I can honestly say to you today, she is honorable, she is trustworthy, she is a good person. So my friends, if you when to invest some of your money in a safe haven to increase your wealth, using silver or gold or any precious metals, I recommend Miss Sherrie Sullivan. She will take you by the hand and guide you in every step of the way. I have placed one of her links below for your convenience.
May prosperity and good health be always with you.
Humbly yours Paul Earl.