When Your Bank Goes Cashless

Make your cash go bankless. September 23, 2021 [UNSUBSCRIBE]( | [WEBSITE](Put_Website_ [Altucher Confidential] “Prepare now. That way, when your bank goes cashless… you can make your cash go bankless.” [Email Masthead] When Your Bank Goes Cashless By Chris Campbell George Gilder: “5G will soon be exposed as hype and hustle.” believes a radical paradigm change is taking place in the tech world – one that could disrupt the existing 5G industry. It isn’t the first time he’s shocked the tech world… Gilder predicted the smartphone in 1991… identified Amazon in 1998, before it rose 243,000% over 23 years… and helped his followers make 40x their money in less than four years on Qualcom in the late 1990s. Now he’s at it again… [get his full prediction here.]( Meet Ethel Hülst, a 91 year-old Swede. For 20-odd years, Ethel had a habit of stuffing away cash for a rainy day. In 2015, Sweden expired their old banknotes for new ones. By that time, she’d stockpiled 108,450 kronas (roughly $12,000 USD). But when Ethel went to exchange her old notes, the bank flat-out denied her. She didn’t have the proper receipts, they said. Therefore, they have no way of knowing if the cash was earned legitimately. But don’t blame us, they said. They were just following orders. “She was asked if she’s been laundering money or involved in organized crime,” Anders, her next of kin, told the press. “I think our elderly, just like my mother, get rather offended by the government assuming them to be criminals. She never afforded herself anything, not even a new hearing aid. Saving what was possible for a rainy day was almost a reflex.” More absurd, Ethel’s bank doesn’t even save statements longer than ten years. But Ethel was (retroactively) required to come up with receipts from twenty years back. “When mom was told the bank no longer had any statements from the time in question,” says Anders, “she gave up. She felt as though the government was stealing all her life savings, and that was it.” Shortly after, Ethel died, still holding the expired, worthless banknotes. Such is the dismal nature of the ongoing war on cash. --------------------------------------------------------------- [Recommended Article] [Guest Prophecy: A Shot in the Arm for Airlines | Gilder's Daily Prophecy]( --------------------------------------------------------------- The War on Cash The war on cash is centuries old. Long ago, central banks monopolized the issue of currency notes, effectively banning private money. This was the first victory. Today, the “war on cash” refers to a set of policies around the world to suppress the use of paper currency and metal coins. The goal is to shift 100% of transactions to credit cards and digital bank accounts, leaving an electronic trail for law enforcement, tax authorities, and whoever else wants to know exactly what you’re doing with your money. (Moreover, it’s a way for central banks to trap your money into the system and decide for you how much your wealth is worth.) Let’s call it what it is: a war on financial privacy and your ability to preserve your own wealth. Amazon’s Richest CEO Snubs Congress stepping down as CEO of Amazon, the world’s richest man refused to testify at a senate hearing on wealth inequality. It could be because his latest project has the potential to make him — and thousands of American’s — even more wealthy. Billions of Dollars are at stake in this project. [Don’t miss out. Read the critical details of this project, HERE.]( Per usual, it hits hardest the most vulnerable, leading us further down the path of creating an ever-expanding permanent underclass while also expanding the role of the government in all of our lives. As Lawrence H. White, a senior fellow at the Center for Monetary and Financial Alternatives put it, these policies only serve to: • Compromise financial privacy and enable the prosecution of victimless crimes wherever banks are required to “know their customers” and to provide transaction records to government officials. • Impose an unlegislated tax on money‐holders, and leave them no means of escape into untaxed (inflated) media of exchange whenever the central bank decides to pursue a negative interest rate policy. • Harm the livelihood of small business people who rely on cash sales, particularly those serving the unbanked or operating in outdoor markets, and reduce the welfare of their (mostly poor) customers by raising transaction costs. --------------------------------------------------------------- [Recommended Article] [“Should I Buy Dogecoin?” | Laissez Faire Today]( --------------------------------------------------------------- $600 or More? Criminal! And, the latest blast in the war on cash came recently… Currently, Biden is proposing Congress force banks to send the IRS in-depth records of ALL transactions of any bank account with more than $600. Of course, it’s being framed as a way to strike back against wealthy tax evaders so they can pay their fair share. (If you believe that, then I have some swampland in Arizona to sell you.) Is this war really in the public’s interest? Obviously not. It only benefits the private interest of tax authorities and incumbent payment service providers. As Don Quijones, editor of Wolf Street, put it: The war on cash is being waged for the exclusive benefit of those who already wield an inordinate amount of power and control over the economy and the people that are struggling in it. And they want more. By slowly, quietly killing cash, they seek to seize the last remaining thing that offers people a small semblance of privacy, anonymity, and personal freedom in their increasingly controlled and surveyed lives. And the way things are going, they’ll get it. Escape Hatch A central institution having a monopoly on the medium of exchange is a relatively new phenomenon. It’s a historical anomaly. Soon, we propose, the world will turn right side up. Cash will continue to take deadly blows all over the world. And central banks will keep inching us toward their own micromanaged digital currency. Traditionally, gold and silver were great safe havens. Personally, I’m still a fan of both. Silver far more than gold. But those savvy enough to see how blockchain and digital currencies can provide a worthy alternative will be able to capitalize on one of the greatest wealth shifts in history. Prepare now. That way, when your bank goes cashless… you can make your cash go bankless. Until tomorrow, [Chris Campbell] Chris Campbell For Altucher Confidential Man who Predicted 2008 Collapse Makes SHOCKING new Prediction [Jim Rickards]( helped save America from a $1.3 trillion banking crisis… He predicted the Great Recession of 2008… He predicted Trump’s 2016 election… But now he’s issuing his most urgent warning yet. If he’s right again, God bless America… [Click here to see all the details of his analysis and decide for yourself if you should protect your family and your wealth.]( Subsribe To My Podcast [The James Altucher Show]( [The James Altucher Website]( [Subscribe Via Text]( [Subscribe With YouTube]( [Subscribe On Messenger]( [Subscribe With iTunes]( [Connected on LinkedIn]( Add AltucherConfidential@email.threefounderspublishing.com to your address book: [Whitelist Us]( Join the conversation! Follow me on social media: [Facebook Group]( [Facebook]( [Twitter]( [Pinterest]( [Instagram]( [Three founders Publishing]( To end your Altucher Confidential e-mail subscription and associated external offers sent from Altucher Confidential, feel free to [click here](. If you are having trouble receiving your Altucher Confidential subscription, you can ensure its arrival in your mailbox by [whitelisting Altucher Confidential](. Altucher Confidential is committed to protecting and respecting your privacy. Please read [our Privacy Statement.]( For any further comments or concerns please email us at AltucherConfidential@threefounderspublishing.com. Nothing in this e-mail should be considered personalized financial advice. 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 recommended to our readers. All of our employees and agents must wait 24 hours after online 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. © 2021 Three Founders Publishing, LLC., 808 Saint Paul Street, Baltimore MD 21202. All Rights Reserved. Protected by copyright laws of the United States and international treaties. This newsletter may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of Three Founders Publishing, LLC. EMAIL REFERENCE ID: 430ALCED01