The quiet part out loud. Money has a new purpose over at the Federal Reserve bank. Social control.

[asevans]

O know. Don’t you dare mention bitcoin.

 

[asevans]

 

[blain]

Just a reminder...
Those paper Federal Reserve Notes are only "legal tender" as long as the US government deems them so.
The federal government may declare they must be converted (to whatever form of currency).
After that, they become little more than a novelty item to be given to children at Christmas or sold for pennies against their face value on ebay.
You get my drift. Doesn't matter if you hold a single $1 note or one million $100 notes, they become effectively worthless.
Most assuredly the government would act in such a way.

Let me gaze into my Nostradamus black mirror...
The "reported reasons" for conversion/confiscation of federal reserve notes will be, to battle corruption, cut funding from criminal/black markets, fight against terrorist counterfeiting, to keep the spending public safe from viral/bacterial/fungal infections.

Still don't believe something like this could happen?
Flash back to India in 2016/2017 and their 500 & 1000 Rupee conversion mandate.

 

[Magyars]

From the link....

WHAT IMPACT| DOES USING CASH HAVE ON SMALL TO MEDIUM BUSINESSES?
Businesses save money instantly on transaction fees.
They have more control over their profits.
If you can help save that business money, they are more likely to keep staff employed and give back to their local community.
Small to medium business are an integral part of keeping your local economy and community thriving and growing.
WHAT’S WRONG WITH A CASHLESS| SOCIETY?
Cash jobs on the side will no longer be an option, which create economic hardship and higher debt.
Tech companies have invested heavily in making electronic transactions secure but hackers are always one step ahead. In a world of 100% electronic payments, the risk of falling victim to fraud rises significantly.
If cash dies, your location and purchases will be tracked automatically. You won’t be able to opt out or unsubscribe.
If you are on any government funding whatsoever, they could restrict you from spending that money on certain things that the government does not condone.
Cash allows you to make anonymous purchases or donations. If cash dies, there will be no such thing.
People in abusive situations are often financially reliant on their abuser. If cash is removed, their way out will be that much harder or close to impossible.
Elderly, blind and people with disabilities will struggle. Many people can’t or don’t know how to use technology. They would also be vulnerable to scams and other technological difficulties.
WHAT ARE THE TECHNOLOGICAL IMPLICATIONS| OF A CASHLESS SOCIETY?
We will be reliant on technology every day. If you want access to funds, you will need the latest devices and software to enable payments. If you are not a very tech savvy person, this could become a big problem. It is also extremely expensive and inconceivable for some households.
You won’t be able to leave your home without some sort of device.
Cash protects you from being at the mercy of electronic forms of payments during power outages and looming high energy costs.

 

[nra4ever]

 

[1DOWN4UP]

Lone Star State Considering Own Currency – And It’s Not Just Texans Who Could Use It

Texas could create a digital currency backed by gold and silver if a proposal in the state’s Senate moves forward. The law would allow the state to mint pure gold or silver coins based on weight an…

ncrenegade.com

 

[indyblue]

For heaven's sake, just say NO to all digital currency.

 

[BigRed]

Will the Fed Ever Relinquish Its New Powers?: The Fed's "Cincinnatian Problem" | Alex J. Pollock

In times of banking and financial crises, central banks always intervene. This is not a law of nature, but it is an empirical law of central bank behavior.

mises.org

The intervention is truly staggering.