Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By John Rolls (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Jim Rickards Warns America: War On Cash Has Started! Prepare Your Self For Digital Dollar! - Epic Economist Video

% of readers think this story is Fact. Add your two cents.


A dangerous war on cash has started and it is threatening to eliminate all paper dollars forever. According to the economist James Rickards, plans that once seemed too absurd to be true and might have been dismissed as baseless speculation or conspiracy theories are now being publicly enforced by people who occupy the highest levels of power. The ongoing development of central bank digital currencies is going to be the next blow on our personal freedom, as governments will start to collect people’s private information to impose punitive measures, negative rates, automatize the deduction of taxes and increase surveillance on all of our banking transactions. The United States is now facing a critical moment as rising inflation is putting the dollar’s leading position as the world’s reserve currency at risk and that, according to the expert, is going to be the perfect cue for our leaders to justify implementing digital dollars and abandoning paper money. But the consequences of this change will be obscure and will be many. And that’s what we’re going to discuss in this video. 

Economist, investment banker, and financial writer James Rickards recently published an article on the Daily Reckoning warning that the global financial system is experiencing a structural reform that will change money as we know it forever. The Great Reset, as most specialists call it, is finally here, and it is rapidly and silently developing on the dark backstage of central banks all around the world. The health crisis has undoubtedly ravaged economies all over the planet, but it also allowed governments, particularly the U.S. government, to engage in massive spending, expanding our money supply by the trillions. That, however, is putting our position as the world’s reserve currency at risk, as rising inflation is threatening to sharply collapse the value of our currency. 

The more our deficits grow and our purchasing power declines, the less people will trust in our currency. Knowing that the narrative of a decaying dollar scares most Americans, the central bank has been quietly working on the perfect solution. So when things go downhill and the imminence of severe financial losses sparks panic and chaos across broad swaths of the US population, the federal government and policymakers will arise with a life-changing proposal: digital money. Arguing that in order to reverse runaway inflation and major wealth losses the only logical move would be to completely abandon paper dollars and fully embrace an entirely digital currency, world leaders – who, by the way, unleashed inflation through the staggering monetary response to the health crisis – will come up with what will look like a helpful and progressive plan to get us out from the mess they created themselves. 

The truth is that the total elimination of cash has been the global elite’s pet project for decades, and now they finally found the ultimate chance to get started. For the wealthy 1%, digital currencies make the dream of infinite money come true, but for the average person, it means that central banks will have access to all of our private banking transactions, and more concerningly, it gives authorities a free pass to directly impose negative interest rates in our banking accounts. The European Central Bank agrees that negative rates will be applied as a “penalty” against “hoarding” cash.

Although the roll-out of the new digital dollar is being kept a secret, the consequences of its imminent issuance are already raising many eyebrows in the financial sector. Considering that banks and other financial institutions are the very foundations of today’s stock market, determining valuations alongside the tech sector, CBDCs may represent the end of traditional banks, which also implies that the stock market would either have to significantly shrink in size or cease to exist as a whole. On top of all that, there’s an even more obscure side to CBDCs. With no cash, there’s no anonymity, and therefore, governments will be allowed to track your whereabouts and habits at all times only by analyzing your use of funds through the CBDC payment system. A central bank digital currency can also result in the automatic deduction of taxes with no alternative for holders to escape. 

Given that our country has already started the process of enabling inflation and eliminating cash, anyone who is concerned about the prospect of being pushed into the new digital currency regime trap should make it a high priority to turn to hard money to preserve their savings outside of the financial system. Tough times are ahead for our nation in many different ways, and you should closely watch the next series of developments of the financial world, here, on Epic Economist.

 

https://www.epiceconomist.com
 



Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover -  Reduces Smart Meter radiation by 96%! (See Video).

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Total 3 comments
    • allendaves

      #2 SECOND COMING Thou Fool! “I come quickly” so “Hold fast till i come”… NOT …“in another 2000 yrs I might be coming soon any time now, so hold fast”!?! …those that deny the second coming of Christ in the war of AD70 are practicing a damnable heresy in denying the lord that bought them ( 2Peter 2:1-2 ;2Tim 4:8/ you cant love an appearing you deny& the context is the 2nd coming not the first)… Mat 7:23..”I NEVER KNEW YOU” …..Mat 10:33. But whosoever shall deny me before men……..sound familiar?…. If I said I am coming to your house in this generation when these things happen but no one knows the day or hour what fool would think I might be coming in 2000 years latter!?!? ..2 Tim 4: 4. And they shall turn away their ears from the truth, and shall be TURNED UNTO FABLES. 2Thess 2: 11. And for this cause God shall send them strong delusion, that they should believe a lie: 12. That they all might be damned who believed not the truth, but had pleasure in unrighteousness. DOWNLOAD FREE THE ENTIRE 480PG BOOK AT SEVERAL LOCATIONS https://www.scribd.com/doc/305366745/Revelation-the-First-Gospel-of-the-Kingdom or http://www.globethics.net/gtl/5455069 Revelation The First Gospel of The Kingdom or https://www.academia.edu/23464127/REVELATION_THE_FIRST_GOSPEL_OF_THE_KINGDOM 

      https://www.scribd.com/doc/305367608/The-Trinity-Heresy OR https://www.academia.edu/23463667/THE_TRINITY_HERESY or http://www.globethics.net/gtl/10920799 THE TRINITY HERESY

      Predestination….its true..its all true…download here https://www.scribd.com/doc/306868420/Most-True-Christians-Go-to-Hell http://www.globethics.net/gtl/10920800 Most true Christians go to hell https://www.academia.edu/25217564/Most_True_Christains_Go_to_Hell

    • residentp

      It is possible to happen seeing that the banks are corporations controlled by the nwo terrorists. This will mean Total control over us and the power to destroy this present civilization with a flick of a switch. When you switch off the internet by any means, then ALL TRANSACTIONS AND RECORDS AND COMMUNICATIONS ARE STOPPED. Chaos will reign and scrambling for food will exist until nothing is left. Add the vaccination power, ….death by morgellons mummifying bodies from the inside out….. and only those hiding in protective bunkers will survive.
      The bitcoin trial run and other virtual currencies served as test runs for what is possible and virtual currency owners are sitting ducks to lose all in a second and then even the most rich are then dependent on ‘government’ ‘aid’.

    • Slimey

      I have been hearing this kind of talk all my life. Meanwhile, the DOW went from 3000 to 30,000. :mad:

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.