The War on Financial Privacy

“Powerful forces are at work…” November 09, 2021 [UNSUBSCRIBE]( | [WEBSITE]( [Altucher Confidential] “The gist? Privacy isn’t dead. It’s profitable.” [Email Masthead] The War on Financial Privacy By Chris Campbell “Why My EV Is About to Be Obsolete” In [my new video]( I reveal why and why this is the biggest opportunity yet in electric vehicles (EV). A former Tesla employee just released a brand-new innovation promising to make every EV out there instantly obsolete, setting up a new market 10X bigger than EV’s — and you can buy in right away. [Click here to see how you could profit.]( “Powerful forces are at work,” says Dacid McRee in his book The War on Cash, “and they are not working for your personal benefit.” “All over the world,” McRee goes on, “including the United States of America, governments, certain academics, banks and civil service organizations (including large non-governmental organizations [NGOs]) are cooperating to stop you from using cash.” We’ve been tracking this trend for almost a decade. Though it was already accelerating in 2019, we saw it hit the Insanity Button in 2020. But even pre-COVID, you probably experienced this war firsthand. Chances are, you thought nothing of it. As a simple example, perhaps you realized you can no longer pay certain bills in cash. Or, you can no longer withdraw an arbitrary amount of cash from your bank without receiving the third degree. Perhaps you’ve heard of the IRS seizing bank accounts of small businesses because they make regular deposits of cash into their bank accounts. Perhaps you’ve heard of police treating with suspicion anyone who happens to have a large amount of cash on their person -- guilty until proven innocent. (According to the logic, the cash itself is evidence enough they are up to no good.) As McRee points out in his book, “these attacks on your cash and your privacy are not isolated events, but are representative of a worldwide trend that is affecting everyone and involves mega-millions of dollars.” Though McRee might sound like a loony conspiracy theorist, his book is full of compelling examples of this massive trend. And, if he’s right, it’s obvious the endgame: The CBDC The war on cash is leading us toward a world of Central Bank Digital Currencies -- CBDCs. Governments will say they’re a great way to combat terrorism, corruption, and money laundering. They’ll say it’ll help them rout out the bad apples and capture cartels. In reality, once all’s said and done, they’ll focus on the easy targets… people like you and me. CBDCs will give professional busybodies the unfettered ability to track and micromanage every aspect of your financial life. That’s not to say governments are certain to abuse this power. But, come on. We all know they will. With CBDCs, for example, governments will know precisely how much money you have, how much you’re spending and how you’re spending it. Worse, they’ll have the ability to freeze your account and control how and where you spend your money. Tinfoil hat conspiracy theory? Nope. In June 2021, Tom Mutton, a director at the Bank of England, said that programmability will become a key feature of any CBDC. Meaning, the CBDC would be programmed to do precisely what the issuer (the central bank) wants it to do. If the government wants to ban cigarettes and ice cream on Tuesday, good luck getting them at your local 7-11. “There could be some socially beneficial outcomes from that,” said Mutton, “preventing activity which is seen to be socially harmful in some way. But at the same time it could be a restriction on people’s freedoms.” In other words, politicians are becoming far too comfortable with the idea that they can track, trace, and control your finances from a remote location. As a reaction to this, a lot of people are looking to crypto. URGENT: Battery Patent No. 3069168 One of Tesla’s senior battery engineers QUIT Tesla and submitted a patent application for a revolutionary new tech process… But he didn’t just quit…he’s brought the chief of Tesla’s entire battery division with him. The man who helped create the original lithium ion battery. And today, you can take advantage of their TINY startup for just $6.00. [This stock]( could skyrocket as much as 100% in a matter of minutes. [Click here for the urgent details.]( Bitcoin and Ethereum Won’t Solve This Problem is, cryptos like bitcoin and ethereum have weak anonymity. On their own, they can’t solve the privacy problem. Privacy is not baked into the cake. Because of the radical transparency of the open ledger, no criminal with more than two brain cells to rub together is using bitcoin or ethereum for illicit transactions. That’s why Brian Armstrong, CEO of Coinbase, believes the 2020s will see privacy coins go mainstream. He wrote: “Cryptocurrency offers a novel way to bring privacy to some of our most sensitive data: our personal financial information. Privacy coins and non-custodial wallets will eventually go mainstream, just as private messaging apps have (Whatsapp, iMessage, Signal etc). Encryption is an important tool for everyone. Just as the internet moved from HTTP to HTTPS as the default, cryptocurrency will as well.” [Coinbase CEO on Anoncoin] [Coinbase CEO Graphic] Last April, John McAfee predicted that governments would soon ban privacy coins. “But,” he added, “these laws will have no more teeth than the ineffective laws against Marijuana.” Rob Gleasure, a Copenhagen Business School researcher said, “If decentralized privacy-preserving cryptocurrencies become popular in the future, to the point they can be routinely exchanged without users having to convert to other currencies and systems, there is no obvious way for regulators to impose post-hoc regulation.” Ultimately, we believe privacy coins are here to stay. If DeFi is to become a driving force in the future of finance -- which we believe it will -- we will need some way to keep our transactions private. Currently, James and I are looking at a host of coins that will provide privacy in DeFi, stablecoins, and the cryptocurrency ecosystem. At the moment, Monero is considered the gold standard for privacy on the blockchain. But we believe there are even better, more secure options. In fact, we’re putting together a special report on this exact subject. The gist? Privacy isn’t dead. It’s profitable. Stay tuned for more. Until tomorrow, [Chris Campbell] Chris Campbell For Altucher Confidential George Gilder: “Do NOT buy bitcoin until you’ve seen this.” [man with bitcoin]( believes something bigger – and potentially more lucrative – than bitcoin is emerging as we speak. It could ultimately generate trillions of dollars. And George recently went on camera to discuss his top stocks to buy to tap into that trillion-dollar potential. [Check the footage out HERE while you can.]( Subsribe To My Podcast [The James Altucher Show]( [The James Altucher Website]( [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