MCViewPoint

Opinion from a Libertarian ViewPoint

A New World Monetary Order Is Coming – Activist Post

Posted by M. C. on October 28, 2020

Making your life an open book.

Shutting you and access to your assets off with the flick of a switch.

https://www.activistpost.com/2020/10/a-new-world-monetary-order-is-coming.html

By Stefan Gleason

The global coronavirus pandemic has accelerated several troubling trends already in force. Among them are exponential debt growth, rising dependency on government, and scaled-up central bank interventions into markets and the economy.

Central bankers now appear poised to embark on their biggest power play ever.

Federal Reserve Chairman Jerome Powell, in coordination with the European Central Bank and International Monetary Fund (IMF), is preparing to roll out central bank digital currencies.

The globalist IMF recently called for a new “Bretton Woods Moment” to address the loss of trillions of dollars in global economic output due to the coronavirus….

Under a central bank digital currency, direct credits and debits could replace stimulus checks and taxes. It would be the vehicle through which modern monetary theory could be fully implemented – with the central bank becoming tax collector and funder of all government operations.

If depreciating the value of the currency through the inflation tax wasn’t enough, the Fed could also stick dollar-holders with a direct tax in the form of negative interest rates. Once paper notes are phased out, holding cash itself would no longer be a way for individuals to escape negative rates.

The only escape hatches would be volatile alternative digital currencies (such as Bitcoin) or hard money (gold and silver).

Under a monetary order where electronic digits representing currency can be created out of thin air in unlimited quantities, the best hedge is the opposite – tangible, scarce, untraceable wealth held off the financial grid.

Be seeing you

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