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BANKERS HATE CASH
THE SUPPLY OF CASH IS DETERMINED BY ITS DEMAND
BO LI (THE IMF) WARNS THE WORLD — CBDC’s CAN BE PROGRAMMED TO REWARD OR PUNISH – YOU HAVE BEEN WARNED
PHYSICAL CASH IS A VOTING MACHINE THAT CAN BE USED EVERY DAY
BEYOND MEAT – THE NEW WORLD ORDER DIET – BLAME DAVOS
KABOOM – HAS BOOM DESTROYED THE ELECTRIC CAR INDUSTRY?
ELECTRIC VEHICLE DEMAND CRUMBLING IN THE USA
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THE SUPPLY OF CASH IS DETERMINED BY ITS DEMAND
But perhaps the most important aspect of physical cash is that its supply is determined by its demand. In other words, if the People use more of it in their transactions, then the supply has to be increased. In effect, this takes the power of increasing the money supply away from the bankers and transfers it to the people.
If the Sovereign does not increase the supply of cash in response to demand, then the consequences can be potentially catastrophic (for the sovereign). Historical records tell us what has happened in the past and thus, what is most likely to happen in the future. The people will revolt and soon depose the Head of State or the politician who runs the federal government. In history, if they were lucky, they escaped with their heads intact and their lives. If they were not so lucky, readers can guess what happened.
CASH INCREASING IN MANY NATIONS SIMULTANEOUSLY
Increased use of cash is not just occurring in the UK. There are firm reports of this also occurring in Switzerland, Spain, Germany, Nigeria, Slovakia, Austria and India. Austria and Slovakia have enshrined the use of cash in their national Constitutions which enraged the European Commission whose head is the un-elected Ursula von der Leyen. Regular readers of BOOM will not be surprised to learn that the European Commission, the top body in the European Union, wants to destroy cash.
https://boomfinanceandeconomics.substack.com/p/boom-finance-and-economics-7th-january?
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CASH : USE IT OR LOSE IT
Was it in France six months ago, that some grocery chain decided to eliminate cash? So then shoppers loaded up carts, and left them full at the registers and walked out. Chain backed off soon after. If my memory is correct.
Ya !!!
You mmay recall that on John Exter’s Pyramid that cash holds the position preceding gold at the very bottom of the inverted pyramid. When all other money is electronic, physical cash has a special place when the objective is storing wealth for a rainy day. That is what self custody is all about. Historically we have not used banks to keep our money for us….we kept it at home under a mattress or buried in the back yard. Because historically it was well understood that when others keep our money in ledger format that it can all vanish in an instant and there is nothing you can do it get it back again. So gold is not the only store of wealth during times of trouble. Paper money can be even more valuable….because everyone already understands it.
Exactly. And why Jesus was crucified, under instructions from the bankers.
Deposits in any bank are loans to the bank, and the deposits legally owned by the bank, and the depositors are unsecured creditors (lenders).
Giving money for no return, with no security, is madness.
Right on brother. The gold camp never gets this concept for some reason. They just assume that paper money will go to zero during every crisis. Sometimes it does of course….but you will see it coming so there is almost always time to escape. In the case of US dollars, it must be understood that trillions of dollars of contracts are already written in dollars and some of those are quite long term (in the case of leases for example). So the contracts can only be satisfied in dollars. Well what are paper dollars real value when the electronic ones have disappeared? This is why the dollar will soar during the times of trouble in spite of what the gold bugs claim.
I got a rash from sitting on my stash