A Cashless Society

The Fed’s next move is to take money directly out of your wallet

An empty brown leather wallet being held open by two hands
An empty brown leather wallet being held open by two hands
Image by Andrew Khoroshavin from Pixabay

It’s been said that inflation is a “hidden tax”, as an increase in the circulating money supply causes the value of our currency to drop. Consumers dislike inflation when it causes grocery prices to increase, but this same force also has the ability to increase asset prices such as homes and investments, just as we’re seeing today.

Human beings strive for efficiency, and combined with technology, the result is deflationary. However because the debts of nations are significant, central banks such as the Fed seek inflation — as it causes the future payback value of governmental debts to decrease. …

A New System

The Digital Dollar is coming sooner than you think. What will this mean for you?

Concentric circular design with binary code digits, bright blue and turquoise.
Concentric circular design with binary code digits, bright blue and turquoise.
Image by Gerd Altmann from Pixabay

The term “Digital Dollar” has been popping up in several stimulus drafts lately, as well as various white papers from the IMF and other finance-related institutions, and also private-sector projects over the last few years. While a new currency is unlikely to be instituted as a result of a 5-page Senate bill, its presence should act as a reminder of where the financial system is most certainly headed — even if not by way of official legislation just yet.

Bitcoin was a wake up call, though it originally wasn’t spoken of by leaders as a global threat.

Years before Gen…

A New System

Monetary system changes could become a big problem for Crypto fans

A destroyed red “EXIT” sign with loose wires laying on a burned tile floor.
A destroyed red “EXIT” sign with loose wires laying on a burned tile floor.
Photo by Kev Seto on Unsplash

Many Americans are unaware that it was illegal to own gold in the United States from 1934 to 1974. The US was in the depths of the Great Depression that began in 1929, and the government and banks needed to shore up their financial soundness. Gold was nationalized. Executive Order 6102 was issued on April 5, 1933 under FDR (see newspaper clipping below) and Americans were required to report, then turn in, their gold bullion, certificates, and coins at the price of $20.67 per ounce. Americans were permitted to keep gold jewelry, and no more than $100 worth of gold…

A World on the Verge of Change

The Great Reset: An Agenda for Control

A closeup of a human eye in blue and white styled photography, with a digital contact lens display around it.
A closeup of a human eye in blue and white styled photography, with a digital contact lens display around it.
Image by Pete Linforth from Pixabay

2021 and Beyond

Will future technology be too powerful for us plebeians?

As 2020 comes to a much-awaited end, we’re about to blindly dive headlong into a murky future of assured uncertainty. On the way down, we’re going to crash into all sorts of technological advances that have thus far not been much more than a whisper. Our love-hate relationship with this tech will be difficult and painful, as we transition into a world of AI and job loss, 5G and reduced privacy, cheaper products and financial destitution.

Beyond this inevitable technology-driven transition, other forces are striving to make their way into our…

A World on the Verge of Change

This is a worldwide initiative we’ll be forced to swallow

A green street crosswalk button for pedestrians, with a sticker placed above it that reads “Push to reset the world”.
A green street crosswalk button for pedestrians, with a sticker placed above it that reads “Push to reset the world”.
Photo by Jose Antonio Gallego Vázquez on Unsplash

Stage 1 in progress

Since March 2020 when the Covid-19 lockdowns and business closures began, when unemployment started to spike, when the financial system was already failing but went unacknowledged, we have been in “Stage 1”.

Whether you realize it or not, you are already living in the first stage of the Great Reset. You are witnessing firsthand the systematic destruction of small and medium businesses, and the financial decimation of citizens. They need us desperate and helpless. They need complete dependence for their plans to work. They need to tear down the old before they “build back better”. It’s time to pay attention.

Technocracy and Control

Will the outcome be different this time?

Man in a suit holding a digital tablet device, with a blue overlay of the contintents of the globe.
Man in a suit holding a digital tablet device, with a blue overlay of the contintents of the globe.
Image by Gerd Altmann from Pixabay

That time again

Every 40–50 years, the US has a financial reckoning of sorts. In the 1930’s, we had the Great Depression. In the 70’s, we had to contend with the oil shock, terrible inflation, and Nixon disconnecting the dollar from Gold. In 2008 we had the “Great Financial Crisis” (GFC), which honestly, hasn’t ended. The global economy has been held together via slieght-of-hand, and duct tape — and now we’re staring at the giant pile of all those cans we kicked down the proverbial road.

Why does it seem that each time we’re on the brink of a major financial crisis, the…

Who’s actually fighting for our rights? It’s not the politicians.

Wall of graffiti featuring Ronald McDonald, the McDonalds restaurant mascot
Wall of graffiti featuring Ronald McDonald, the McDonalds restaurant mascot
Photo by Leipzig Free Tours by Dirk Pohlers on Unsplash

Is it just me, or are there business owners who want to open, and customers that want to get the hell out of their homes and pay for goods and services, who are primarily driving the pushback against a state that’s encroaching on our rights?

I’m not merely talking about a right to open their business. I’m talking about the basis for human rights on a far larger scale.

I’m not necessarily a huge cheerleader for capitalism; but I’ve learned enough about free markets to know that certain things do work, and I think right now we are seeing some…

Bitcoin should not be absorbed into a failing financial system

Wallet with 100, 5, 20 and 1 dollar bill, with a physical golden metal bitcoin on top
Wallet with 100, 5, 20 and 1 dollar bill, with a physical golden metal bitcoin on top
Image by WorldSpectrum from Pixabay

There is an argument that the lack of bitcoin regulation is stifling innovation in the crypto space. The only rule we need from governments is a promise to leave it the hell alone. Instead, regulations are going to crush innovation, especially if everyone dealing in crypto needs to register as a “Money Services Business”/”Money Transmitter”, or otherwise fit into the mold of a bank.

Additionally, leaving Bitcoin in this sort of “regulatory limbo” only serves to cause potential innovators to be concerned that it could simply be outlawed tomorrow.

Heading Toward Technocracy

The need is crystal clear — we must build new systems immediately

A blue sphere on a black background, with multiple lines connecting icons of people to illustrate a decentralized network.
A blue sphere on a black background, with multiple lines connecting icons of people to illustrate a decentralized network.
Image by Gerd Altmann from Pixabay

There are two powerful opposing forces battling today: the government and corporations, who have increasingly enlarged themselves and are seeking to consolidate even more centralized power and control; and opposite, a force we’ve only just begun to see the power of: Decentralization.

The Internet is a decentralized system, or at least, it’s supposed to be. We may have had a few years where it was relatively free-range while we dealt with pop-up ads, but today, it’s widely acknowledged that big tech has taken over, and the Internet is now firmly in the grasp of these semi-monopolistic companies. …

It’s not about left or right — It’s about freedom and sovereignty

Black and White or Sepia color looking upward at the statue of liberty in America.
Black and White or Sepia color looking upward at the statue of liberty in America.
Photo by Zella Duda on Unsplash.com

Our social contract is rapidly changing. Democracy is in danger, and there is increasing movement toward “stakeholder capitalism”. We must be cautious, because if democracy ends, something will take its place — and the way things are shaping up, it likely won’t be Socialism, or any recognizable form of Capitalism, either.

You know something is wrong, you can feel it, and you can see it all around you. You just haven’t been able to put your finger on it — and the media is trying to make you believe your peers are the problem.

This is a call for awareness…

Justin Honse

I write about Economic and Social issues that affect us all, because my country, America, has problems and change is needed now.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store