Global Male: In virtually every nation, the permitted limitation for cash withdrawals and deals continues to be decreased.
Even more, rampant currency debasement is reducing the real value of these ludicrous limits.
Why are federal governments so intent on phasing out money? What is really behind this coordinated effort?
Doug Casey: Let me draw your attention to three facts that my good friend Nick Giambruno has actually explained about cash in savings account.
# 1. The cash isn’t actually yours. You’re simply another unsecured lender if the bank fails.
# 2. The cash isn’t in fact there. It’s been lent out to customers who are illiquid or insolvent.
# 3. The cash isn’t actually cash. It’s credit developed out of thin air.
The point is that cash is freedom. And when the State limits the utility of money– physical dollars that don’t leave an electronic path– they are restricting your individual liberty to act and compromising your personal privacy. Federal governments are naturally opposed to individual freedom and individual privacy because those things restrict their control, and federal governments are everything about control.
International Male: Governments will most likely mandate Central Bank Digital Currencies (CBDCs) as the “option” when the next genuine or contrived crisis hits– which is likely not far off.
What’s your take? What are the implications for financial privacy?
Doug Casey: CBDCs are proposed as a service, but in reality, they’re a massive issue.
Federal government is not your pal, and CBDCs are not an option.
If they successfully execute CBDCs, it would suggest that anything you purchase or offer, and any income you earn, will go through CBDCs. You will have zero efficient personal privacy. The Authorities will instantly understand what you own, and they’ll be in a position to control your possessions. Quickly.
They’ll have the ability to include CBDCs to the accounts of favored people and deduct from or obstruct access to the accounts of those who aren’t. Digital dollars will be easy to execute since everybody currently has a federal government ID and a Social Security account. Everyone has a smart device. Soon everyone will have a CBDC account as well. If you do not have any of these things, it will certainly ding your approaching Social Credit report.
I’ll presume regarding state that Central Bank Digital Currencies and digital “health passports” may be the most hazardous threats to the liberty and self-reliance of the average human being in modern history. They will permit the State to easily control where you can go, what you can do, and what you can own. They’re both very big offers, and they’ll be day-to-day realities of life.
In today’s world, it’s significantly hazardous to say things that run counter to what’s considered politically correct. If you can’t say something, it’s much harder to do something. And brainwashing through education and the media are making it hard to even believe. We will soon be living in a society where you can neither believe, say, nor do anything that isn’t PC. Again, the problem is promoted as an option.
It’s similar to what happened during the great COVID hysteria, which was a relatively small issue from a medical point of view. The State option was mass lockdowns and mass vaccination. The services were much even worse than the problem.
In any event, free speech is dying with cancel culture, trigger warnings, safe areas, and penalties for so-called hate speech. Free speech must be an absolute– consisting of so-called hate speech.
I want to reemphasize that although “hate speech” is usually rude, undesirable, and acrimonious, it is, possibly paradoxically, a good thing. Why? Because it allows you to determine what’s going on in the mind of the individual who utters it. And I would much rather know what somebody’s thinking and what someone’s likely to do than have a tight lid placed on so-called hate speech. I prefer knowing who I’m handling and what they believe and feel.
International Male: It’s not simply monetary personal privacy but personal privacy across the board that is being buried.
Cellular phones, so-called “clever” appliances, electric automobiles, social networks, and other electronic gadgets develop an all-encompassing security system that most people voluntarily choose into.
What is truly going on here?
Doug Casey: It’s been said that while art mimics life, life likewise mimics art. Particularly when we look at George Orwell’s famous novel, 1984. In the book, Big Bro had common video screens monitoring what the plebs did. We now have numerous countless electronic cameras all around the world– not counting billions more in smartphones. Universal monitoring is making for extremely grim times.
Just Recently, Klaus Schwab of the World Economic Online forum said that whatever will be “transparent”– a euphemism for darker things. However do not worry: you have absolutely nothing to fear, he said, if you do nothing wrong. That’s ludicrous. It’s exactly what the Stasi, the KGB, and the Gestapo said.
I wonder if Schwab would be willing to have a camera observe him in his bathroom and bedroom, when he visits his safe deposit box and has a private discussion with good friends– or fellow conspirators? Naturally not. Openness is just for the possibly hazardous plebs, who might not share the views of their betters.
One of the differences in between a civilized society and a primitive, barbaric society, is personal privacy. In primitive societies, privacy does not exist. You have paper-thin walls in your hut. Everyone sees whatever you do and everybody you talk to.
Among the good aspects of civilization is that you can escape other individuals and keep them from observing you. Personal privacy is one of the central aspects of civilization itself.
Eliminating privacy, whether it be individual or financial, is not only an aggression versus people but devastating of civilization itself. Schwab’s “openness” is a regression towards barbarism.
International Male: It seems privacy is dead for many people.
If that is the case, what comes next? Where is this trend headed?
Doug Casey: The first time that it emerged to me on a personal level was at a police headquarters in D.C., where I was paying a fine for some traffic violation. I got to chatting with the cop in back of the computer screen. This was a long time ago, in the late 70’s.
And as we talked, he stated, in a friendly method, “Look, you don’t have any idea how much info we have on you– but it’s a lot.”
He wasn’t attempting to intimidate me; he was simply observing a truth. Which was a long time back.
About 25 years ago, Larry Ellison, the head of Oracle Corporation, came out and made a shocking statement to the impact of “Personal privacy doesn’t exist, forget about it.” At the time, I thought it seemed like Ellison authorized of it, now I don’t think that held true. He was simply explaining a reality.
Most just recently, Arnold Schwarzenegger made an advertisement during the COVID hysteria. He said, “To hell with your liberty,” motivating individuals to stop opposing about getting their shots.
Children no longer state, “Hey, it’s a totally free country,” when one states or does something that another does not like.
People have been programmed not to take personal privacy seriously. Worse, they’re now suspicious of it and passively accept the fact that it doesn’t exist.
With China’s Social Credit System, whatever you do, everywhere you go, and even whatever you say is taped and reported. We’re going to get our own variation. You’ll be rewarded or penalized according to what the ruling elite think is great or bad.
So the question is: when, if ever, will this trend reverse? Well, I’m not sure it’s any longer a concern of “when.” It’s more a concern of “if”– a minimum of within an affordable time frame. The pattern is not only still in movement but speeding up. An absence of personal privacy implies a lack of freedom. And an absence of liberty is what defines a serf– although in today’s world, you’re a serf with a high standard of living.
International Man: How can the average person secure their privacy and restrict their exposure to State and corporate surveillance?
Doug Casey: Limitation airing your personal thoughts and actions on Facebook, LinkedIn, and similar types of social networks. It’s all accessible to anyone and makes it a lot easier for the State to control you.
In my case, I’ve made part of my living by doing the reverse of what you should do. I comprehend it’s a contradiction. It’s the course that I’ve picked. But from an individual flexibility perspective, it’s not a smart path. I’m reluctant to say so, however I ‘d advise others not to pick it. It totals up to painting a target on your back.
At this point, if you wish to optimize your individual liberty, you should consider living in a nation where you’re not a citizen. That’s since federal governments think about residents to be their subjects, their possessions, their property. However, when you’re a foreign person living in a foreign country, the city government tends to consider you a non-threat, nearly a non-person. Unfortunate to say, in today’s world, from a personal flexibility perspective, you’re better off not living in your own nation. That definitely includes the US and Canada.
From a monetary point of view, it’s extremely essential that you own and hold physical gold and silver, physically in your own possession, as opposed to digitally. Paper or electronic accounts are fine for hypothesizing. However you wish to have a considerable cache of the physical metals for safety. Plus, at some time, they will go back to day-to-day cash.
Lastly, put a layer of defense between you and the bad guys. Do not hesitate to utilize corporations and rely on the right jurisdictions. Produce barriers to make it harder for the bad men to find out who owns something and where that individual truly is.
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That’s why Doug Casey and his team just released a new complementary report, “The Most convenient Way to a Second Passport.” It includes all the information about among the simplest countries to obtain a 2nd passport from. Click on this link to download it now.