Into an era of decentralized and scarce digital currencies, or commodities.
This scenario is definitely everyday reality for some of the less refined currencies on the market issued by some governments.
And certainly, it is inevitable that digital money will replace cash money as it is. However, are you seeing the trends alright?
Firms are dropping their gold and silver for Bitcoin and Ethereums.
And governments are looking to replace their analog currency for digital currency.
But where's the catch?
The catch is that you will compromise your anonymity. Already the digital world of Bitcoin is a very bureaucratic one.
KYC and AML rule exchanges and other places of commerce. Cashing for real cash is near impossible. And the alternative of getting crypto
debit cards is no exception. There's no way to escape the long arm of government and they like it that way. Replacing analog with digital
is by no means a threat to them, rather a new market opens up of increased regulation, data farming and selling and increased taxes.
Cash is king, but money rules. Banks and governments switching from analog to digital opens a whole new realm of monetization and control.
Controlling your income and expenses, selling your data to insurance corporations. And you best know they'll get away with it.
Why wouldn't people want to save some money because Stacy next door is munching away on cookies and its costing society
hundreds of thousands to deal with this problem once she develops diabetes? Insurance premiums go up and Stacys unhealthy habits diminish.
Saving us all money. So we like to think?
This trend of bureaucracy will only increase. However, digital means automatic, automatic means no work involved.
You will hardly notice a thing. But its there. What other alternative are there then?
There's gold and silver. But gold and silver offer a little something more than just a hedge against inflation.
As we move from analog to digital, they offer the comfort of anonymity.
We know its inevitable we replace the analog with digital. But not every change is progress.
There are severe ramifications to digitizing money. Such as a monopoly on organized crime.
Just recently it was leaked that European banks got caught laundering trillions of dollars of Russian money.
And it happens all the time, once an occasion we also read about it.
However, for your average white collar criminal or even your retail investor it is impossible for them to knock on a banks door and
ask them to launder their money. It is being made impossible for the average Joe to do anything anymore.
And with an increasing amount of governments cracking down on cash with things like cash bans.
We can see a clear trend not of progress but business. And that business is the monopolization of crime. Of mafia.
And its done by regulating and controlling your money. Do these banks pay fines after getting fined? Who knows, I sure can't see.
Is it all a smokescreen to make us believe, that yes, these banks do filthy things like we are used of them but the law is there to punish?
I certainly have no clue if law is actually being enforced. And frankly, it would not surprise me if it isn't.
Politicians aren't held accountable for promises broken. And I dare to speculate that banks aren't being held accountable for laws broken.
Banks tend to fund politicians. A fact worthy to point out. But I do not want to drift to far into this matter. This shall suffice as support
for the case of Silver and Gold being the real anonymous cash that will soon not exist anymore.
Privacy and anonymity will be a luxury in the future to anyone not belonging to the super rich elite class that can leverage the vast network
of accountants and lawyers that scheme ways to evade taxes.
Don't get me wrong. I like the idea of digital currencies. Analog is bulky and heavy, not very convenient.
But you cannot let that dissuade you from the fact that this is a bad thing. It is cash and it is anonymous.
