The Neo-Fascists Are Coming for Your Money Were you forwarded this email? [Sign-up to The Daily Reckoning here.]( [Unsubscribe]( [Daily Reckoning] If there’s anything you’ve missed as part of your membership to The Daily Reckoning, make sure you check out our website where you can find archives, updates, and everything else that's included in your subscription. You can access it by [clicking here now](. Truckers Are Terrorists - Nothing is so permanent as a âtemporaryâ government measure…
- Canada goes full-fascist…
- Then Jim Rickards shows you how the elites use crises to accelerate the war on cash, and how you can guard your money from them… Recommended Link [**Urgent Note From Jim Rickards â Response Is Requested By 02/15**]( [Read more here...]( Iâve just made a [massive change]( to Strategic Intelligence. This is one of the biggest changes to a newsletter in the history of our business⦠As far as I know, nothing like it has been done before. Whatâs going on? In short, Iâm adding 3 exciting new additions to [this all-new âPro levelâ]( of Strategic Intelligence. And as a current subscriber, I donât want to see you miss out. Thatâs why â for a very limited time, until the timer below hits 0 â youâll be able to upgrade your subscription to this new âPro levelâ by clicking here. Seriously. [Just click here now to see how to claim your upgrade.]( Once the timer hits 0, however, itâll be too late⦠youâll miss out. Iâd hate to see you left behind. [Click Here Now]( Portsmouth, New Hampshire
February 15, 2022 [Jim Rickards]Dear Reader, As you may know by now, Canadian Prime Minister Justin Trudeau is invoking the nation’s “Emergencies Act” to put down the truckers’ protest, or the “Freedom Convoy.” This would be the first time the bill has entered effect since it was created in 1988. Trudeau's martial law – and that’s what it amounts to – is supposed to be "temporary." But in 1971, Nixon said the suspension of the gold standard was "temporary." Fifty-one years later we're still waiting for a new gold standard. Trudeau can’t act until Parliament approves the measure. But Canada is already plowing full-speed ahead with its war on financial privacy. It’s the latest offensive in the elites’ war on cash. The gloves are coming off. The Canadian government is threatening to freeze the bank accounts of truckers participating in the protests. Here are the comments of Deputy Prime Minister Chrystia Freeland, whom I’ve actually debated in the past: This is about following the money. This is about stopping the financing of these illegal blockades. We are today serving notice: If your truck is being used in these protests, your corporate accounts will be frozen. Canada is also denying crowdsource funding to the truckers. If you sent money to the truckers through GoFundMe or GiveSendGo, the Canadian government intervened to freeze the money. The government is essentially labeling the truckers terrorists and anyone who funds them as sponsors of terrorism. That’s not hyperbole. Chrystia Freeland admits it herself. And if you think sending cryptocurrencies will get in their way, think again. Here’s what she said yesterday in defense of the Emergencies Act: We are broadening the scope of Canada’s anti-money laundering and terrorist financing rules so that they cover crowdfunding platforms and the payment service providers they use. These changes cover all forms of transactions, including digital assets such as cryptocurrencies. The illegal blockades have highlighted the fact that crowdfunding platforms, and some of the payment service providers they use, are not fully captured under the Proceeds of Crime and Terrorist Financing Act… We are making these changes because we know that these platforms are being used to support illegal blockades and illegal activity, which is damaging the Canadian economy… The government is issuing an order with immediate effect, under the Emergencies Act, authorizing Canadian financial institutions to temporarily cease providing financial services where the institution suspects that an account is being used to further the illegal blockades and occupations. This order covers both personal and corporate accounts. Third: We are directing Canadian financial institutions to review their relationships with anyone involved in the illegal blockades and report to the RCMP or CSIS. Got money in a Canadian bank account? You’d better get it out fast before Freeland freezes it. Canada has gone full-fascist and they're coming for your money first. Today they’re going after the truckers and those who support them. But why should it stop there? Once governments exercise previously unexplored powers, they rarely surrender them. Maybe tomorrow they’ll go after the accounts of “climate deniers” or those who support political parties the establishment doesn’t approve of. And don’t think it’s limited to Canada. Here in the U.S., if you support Donald Trump or question the legitimacy of the 2020 election or question vaccine mandates, maybe the federal government will try to freeze your accounts too. You’ll be guilty of spreading “hate” and “disinformation” that undermines the public’s trust in government institutions (as if the government has earned that trust). You may even be guilty of “terrorism.” Again, that may strike some as hyperbolic. But after what we’ve seen during the past two years, why should anything surprise you anymore? The Department of Homeland Security recently issued a new National Terrorism Advisory System (NTAS) Bulletin suggesting that if Americans question vaccine mandates, they’re now potential “domestic violent extremists.” These aren’t just theoretical fears. They’re happening in real-time. And Canada's newest offensive in the war against cash and financial privacy will only encourage governments further. Below, I show you why the war on cash is so important, and how you can protect your money from this type of tyranny. Read on. Regards, Jim Rickards
for The Daily Reckoning P.S. Gold protects you from negative interest rates and offers you financial privacy. That’s why I recommend that you get your hands on some gold if you haven’t already. But I also recommend that you NOT invest in anything until you see my urgent message. Gold included. That’s right. Don’t even buy a single ounce of gold [until you see this message.]( That’s because we’re witnessing a rare occurrence in the gold market that we haven’t seen for years, and it has serious implications… [This could be the most important message you see all year if you are serious about securing your financial future.]( What am I talking about? And why is it potentially so important to you? [Click here to see my urgent briefing.]( Recommended Link [URGENT: Your New Crypto Book Is Awaiting Shipment]( [Read more here...]( If youâve kicked yourself for not investing in cryptocurrency⦠Watching Bitcoin go from $61⦠To $1,000⦠To over $60,000⦠Then pay close attention. Famous crypto millionaire James Altucher just released a brand-new book on crypto⦠[And heâs releasing a limited number of books to folks who click here now.]( We have a copy reserved in your name, and we just need to hear back from you. [Click Here To Learn More]( The Daily Reckoning Presents: âThe time to protect yourself is now. The best way is to keep a portion of your wealth outside of the banking systemâ⦠****************************** The War on Cash Entering Bold New Phase By Jim Rickards [Jim Rickards]With so much news about Ukraine, inflation, massive government spending and exploding deficits, it’s easy to overlook the ongoing war on cash. That’s a mistake because it has serious implications not only for your money, but for your privacy and personal freedom, as you’ll see today. The war on cash is a global effort being waged on many fronts. My view is that the war on cash is dangerous in terms of lost privacy and the risk of government confiscation of wealth. Governments always use money laundering, drug dealing and terrorism as excuses to keep tabs on honest citizens and deprive them of the ability to use money alternatives such as physical cash, gold and, these days, cryptocurrencies. The real burden of the war on cash falls on honest citizens who are made vulnerable to wealth confiscation through negative interest rates, loss of privacy, account freezes and limits on cash withdrawals or transfers. The enemies of cash promote the ease and convenience of digital payments. Of course, there’s no denying that digital payments are certainly convenient. I use them myself in the forms of credit and debit cards, wire transfers, automatic deposits and bill payments. I’m sure you do too. But the surest way to lull someone into complacency is to offer a “convenience” that quickly becomes habit and impossible to do without. The convenience factor is becoming more prevalent, and consumers are moving from cash to digital payments just as they moved from gold and silver coins to paper money a hundred years ago. One survey revealed that more than a third of Americans and Europeans would have no problem at all giving up cash and going completely digital. Specifically, the study showed 34% of Europeans and 38% of Americans surveyed would prefer going cashless. But in reality, the so-called “cashless society” is just a Trojan horse for a system in which all financial wealth is electronic and represented digitally in the records of a small number of megabanks and asset managers. Once that is achieved, it will be easy for state power to seize and freeze the wealth, or subject it to constant surveillance, taxation and other forms of digital confiscation like negative interest rates. They can’t do that as long as you can go to your bank and withdraw your cash. That’s the key. In other words, it’s much easier for them to control your money if they first herd you into a digital cattle pen. That’s their true objective and all the other reasons are just a smoke screen. That’s what they won’t tell you. Elites know that they can’t ram their unpopular agendas through in normal times. The global elites and deep state actors always have a laundry list of programs and regulations they can’t wait to put into practice. They know that most of these are deeply unpopular and they could never get away with putting them into practice during ordinary times. Yet when a crisis hits, citizens are desperate for fast action and quick solutions. The elites bring forward their rescue packages but then use these as Trojan horses to sneak their wish lists inside. That’s what we’re seeing. Recommended Link [Trumpâs Final Gift To America]( [Read more here...]( Thereâs a little-known way Trump could â one day â have his revenge. It involves a Federal Ruling he oversaw in the final year of his Presidency that could change America forever⦠unleash an estimated $15.1 trillion in new wealth⦠and create countless ways for everyday Americans to benefit. What is this little understood decision? And how will it impact you? [All the important facts are here.]( [Click Here To See Them]( The USA Patriot Act passed after 9/11 is a good example. Some counterterrorist measures were needed, of course. But the Treasury had a long-standing wish list involving reporting cash transactions and limiting citizens’ ability to get cash. They plugged that wish list into the Patriot Act and we’ve been living with the results ever since, even though 9/11 is long in the past. Cash prevents central banks from imposing negative interest rates because if they did, people would withdraw their cash from the banking system. If they stuff their cash in a mattress, they don’t earn anything on it; that’s true. But at least they’re not losing anything on it. Once all money is digital, you won’t have the option of withdrawing your cash and avoiding negative rates. You will be trapped in a digital pen with no way out. What about moving your money into cryptocurrencies like Bitcoin? Let’s first understand that governments enjoy a monopoly on money creation, and they’re not about to surrender that monopoly to digital currencies like Bitcoin. Libertarian supporters of cryptos celebrate their decentralized nature and lack of government control. Yet their belief in the sustainability of powerful systems outside government control is naïve. Blockchain does not exist in the ether (despite the name of one cryptocurrency), and it does not reside on Mars. Blockchain depends on critical infrastructure including servers, telecommunications networks, the banking system and the power grid, all of which are subject to government control. You need to understand that reality. The good news is that cash is still a dominant form of payment in many countries including the U.S. The problem is that as digital payments grow and the use of cash diminishes, a “tipping point” is reached where suddenly it makes no sense to continue using cash because of the expense and logistics involved. Once cash usage shrinks to a certain point, economies of scale are lost and usage can go to zero almost overnight. Remember how music CDs disappeared suddenly once MP3 and streaming formats became popular? That’s how fast cash can disappear. Once the war on cash gains that kind of momentum, it will be practically impossible to stop. Besides the loss of privacy, other dangers from the cashless society arise from the fact that digital money, transferred by credit or debit cards or other electronic payments systems, is completely dependent on the power grid. If the power grid goes out due to storms, accidents, sabotage or cyberattacks, our digital economy will grind to a complete halt. The time to protect yourself is now. The best way is to keep a portion of your wealth outside of the banking system. That’s why it’s a good idea to keep some of your liquidity in paper cash (while you can) and gold or silver coins. The gold and silver coins in particular will be money good in every state of the world. That’s why I’m always saying that savers and those with a long-term view should get physical gold now while prices are still attractive and while they still can. I strongly recommend that you own physical gold (and silver). I recommend you allocate 10% of your investable assets to gold. If you really want to be aggressive, maybe 20%. But no more. Just make sure you don’t store it in a bank, because it would be subject to confiscation. That defeats the whole purpose of having this sort of protection in the first place. I hold a significant portion of my wealth in nondigital form, including real estate, fine art and precious metals in safe, nonbank storage. That’s not because I’m paranoid or a fanatic prepper. I just think it’s prudent in these times. I strongly suggest you do the same. The cashless society could be here quicker than you think. Regards, Jim Rickards
for The Daily Reckoning P.S. Gold protects you from negative interest rates and offers you financial privacy. That’s why I recommend that you get your hands on some gold if you haven’t already. But I also recommend that you NOT invest in anything until you see my urgent message. Gold included. That’s right. Don’t even buy a single ounce of gold [until you see this message.]( That’s because we’re witnessing a rare occurrence in the gold market that we haven’t seen for years, and it has serious implications… [This could be the most important message you see all year if you are serious about securing your financial future.]( What am I talking about? And why is it potentially so important to you? [Click here to see my urgent briefing.]( --------------------------------------------------------------- Thank you for reading The Daily Reckoning! We greatly value your questions and comments. Please send all feedback to [feedback@dailyreckoning.com.](mailto:dr@dailyreckoning.com) [James Rickards][James G. Rickards]( is the editor of Strategic Intelligence. He is an American lawyer, economist, and investment banker with 35 years of experience working in capital markets on Wall Street. He is the author of The New York Times bestsellers Currency Wars and The Death of Money. Add feedback@dailyreckoning.com to your address book: [Whitelist us]( Additional Articles & Commentary: [Daily Reckoning Website]( Join the conversation! Follow us on social media: [Facebook]( [LinkedIn]( [Twitter]( [RSS Feed]( [YouTube]( The Daily Reckoning is committed to protecting and respecting your privacy. We do not rent or share your email address. By submitting your email address, you consent to Paradigm Press delivering daily email issues and advertisements. To end your Daily Reckoning e-mail subscription and associated external offers sent from The Daily Reckoning, feel free to [unsubscribe here.]( Please read our [Privacy Statement](. For any further comments or concerns please email us at feedback@dailyreckoning.com. If you are having trouble receiving your Daily Reckoning subscription, you can ensure its arrival in your mailbox [by whitelisting The Daily Reckoning.]( [Paradigm Press]© 2022 Paradigm Press, LLC. 808 Saint Paul Street, Baltimore MD 21202. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized financial advice. We expressly forbid our writers from having a financial interest in any security they personally recommend to our readers. All of our employees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of a printed-only publication prior to following an initial recommendation. Any investments recommended in this letter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. Email Reference ID: 470DRED01