Germany Embraces "Biden Bucks"

Here’s How It’ll Happen [The Daily Reckoning] November 22, 2022 [WEBSITE]( | [UNSUBSCRIBE]( Germany Embraces “Biden Bucks” - If you doubt “Biden Bucks,” look at Germany… - Demonstrations and riots are probably next… - How to protect yourself from Biden Bucks [Attention! Before You Read Any Further…]( Before you read any further in today’s issue, an urgent situation needs your immediate attention. If you don’t plan on claiming this new upgrade to your Strategic Intelligence subscription, you’re missing out on a huge opportunity. Right now is your chance to grab one of the biggest (and most valuable) upgrades our company has ever made to a newsletter. I’m taking Strategic Intelligence to an entirely new level and I’d hate to see you left behind. [Click Here To Learn More]( Portsmouth, New Hampshire November 22, 2022 [Jim Rickards] JIM RICKARDS Dear Reader, As I have been warning my readers for many months, “Biden Bucks” is coming to America. The Biden administration is moving forward with their government-backed digital currency. To recap, I predicted that the U.S. dollar would be made obsolete, your cash would be confiscated — or simply become worthless paper. I fear this will become the basis of a new system of full citizen control through the financial system, something akin to China’s social credit system that controls the entire population based on political loyalty. The cash currency we have now will be replaced with a new, programmable digital token. This new currency will allow for total control of all American citizens. Because every “digital dollar” will be programmed by the government. That means they will be able to “turn on or off” your money at will. Just Look at Germany If that sounds like a stretch, it’s not. Take a look at what's happening just this week in Germany. As Reuters states: German authorities are stepping up preparations for emergency cash deliveries in case of a blackout to keep the economy running… as the nation braces for possible power cuts arising from the war in Ukraine. The plans include the Bundesbank, Germany's central bank, hoarding extra billions to cope with a surge in demand, and possible limits on withdrawals. If things play out in Germany the way I envision, there will be blackouts, energy shortages, requirements to lower thermostats, the shutdown of manufacturing assembly lines with a consequent blow to Germany’s export sector, etc. It will probably ignite social chaos in the process. [Warning: Will “Bidenflation” Destroy Your Retirement?]( [Click here for more...]( If you’re like most Americans, you’ve worked hard for decades to build your financial legacy. And now, as a result of Biden’s disastrous money printing policies, that’s all at risk. According to one top retirement expert, “Bidenflation” threatens to destroy your retirement and make your hard-earned savings worthless. That’s why you must take action right away to protect yourself… [Click Here To Learn How]( Creating the Panic Conditions That They're Trying to Avoid Germans are going to run to the ATMs. They know that in case of blackouts, credit cards don't work, gas pumps don't work, etc. But cash does work. It allows people to go down to the store to buy some food for their families or whatever might be needed. But the cash might not be there, or their withdrawals will be limited. It’s telling that this would happen in Germany. For a major industrial society, Germans actually like using cash. Germans use cash more than other countries, certainly more than Americans. So the plan will meet significant resistance. By limiting cash, the authorities are going to create the panic conditions that they're trying to avoid. There are probably going to be riots as events unfold. No one's encouraging that, but it's what history and human nature teach us. It'll start with demonstrations, which will turn into riots. I've seen this happen in Lebanon, incidentally. They started burning down the banks and started rioting. You'll start to see that in Germany, and France may not be too far behind. Don't think it'll stop there. This is the exact scenario I have been warning my readers about. But can something like that happen here? The short answer is, yes. The World of Biden Bucks In a country of Biden Bucks, the government will know every purchase you make, every transaction you conduct, and even your physical whereabouts at the point of purchase. It’s a short step from there to negative interest rates, account freezes, tax withholding from your account, and even putting you under FBI investigation if you vote for the wrong candidate or give donations to the wrong political party. And now it’s starting in America… The Fed’s 12-week pilot program, which was introduced last week, will test the use of Biden Bucks and how the financial system will work when implemented. A group of major banks and the Federal Reserve Bank of New York have started to test the use of digital tokens representing digital dollars to improve how central bank money is settled between institutions. What happens if policymakers here limit the amount of cash individuals withdraw like what’s happening in Germany… or completely abolish paper money? It would cause rioting in the streets and social unrest the likes you have never seen. In a central bank digital currency world, you could get your paycheck or your return on your investment or interest or whatever into a bank and the Federal Reserve can because it's programmable. [Man Who Predicted Bitcoin Warns: “Don’t Buy Bitcoin!”]( [Click here for more...]( James Altucher first predicted Bitcoin all the way back in 2013… And ever since, he’s been one of the biggest advocates for it. But now, he’s warning Americans that buying Bitcoin could be a big mistake… [Click Here To See Why]( Your Spending Must Be Government-Approved They can say, "Okay, you got some money, good for you, but by the way, you can only spend it on gas and food. We're not going to let you spend it on vacations, because they're frivolous. We're not going to let you spend it on contributions to certain Republican candidates because they’re fascists and a threat to democracy, et cetera." You can only spend your money on socially approved or politically approved purchases. That's how these things can play out. You don't have to take it from me. Just look at Germany, we see them doing allocation. Just combine government allocation of what you can do or can’t do with programmable central bank digital currencies. It's all coming together. When the digital currency finally rolls out, probably sometime next year, cash will dwindle. You're going to be herded into a digital slaughterhouse, you're going to have no choice. Your money in the bank won't be your money anymore. Your Cash Withdrawals Are Already Limited I tell people, if you have money in the bank, it's not your money, it's the bank's money. They'll give it to you if they feel like it. That's already true. If you have $100,000 in the bank, go down to your bank today and ask them for $50,000 in cash. They'll tell you, "Sorry, we don't have that much. Come back, make an appointment. Bring your birth certificate and your passport and your driver's license," and everything else you can think of and they will file a currency transaction report with the Financial Crimes Enforcement Network. That's the money laundering unit of the U.S. government. You'll be put in a file right next to Osama Bin Laden. My point is, people think they can get their money, but they actually can't. Try it. I guarantee you it'll play out exactly the way I described. With digital currency, cash won't even be an option. There won't be any cash, you'll be in the digital slaughterhouse. What can you do in preparation? One, you might not be able to fight back easily in the world of Biden Bucks, but there is one non-digital, non-hackable, non-traceable form of money you can still use. It’s called gold. I urge you to devote 10% of your portfolio allocation to physical gold. It’s well worth your time to help protect your family’s financial future before Biden Bucks become a reality. Regards, [Jim Rickards] Jim Rickards for The Daily Reckoning P.S. The [following message I released]( contains details on President Biden, the U.S. stock market and a strange pattern that could soon explode in the mainstream news. The contents will be shocking and disturbing to some audiences. If you’re a fan of President Biden, for example, you might want to skip it. [The contents of this message have been reviewed by a team of my publisher’s internal fact checkers. They confirm that all information herein is true and accurate to the best of their knowledge]. [Jim Rickards - Click To Play]( [Click here or on the picture above for all the critical details.]( Thank you for reading The Daily Reckoning! We greatly value your questions and comments. Please send all feedback to [feedback@dailyreckoning.com.](mailto:feedback@dailyreckoning.com) [Jim 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. 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