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 Z was born, we just understood that money can’t move on weekends — because bankers don’t work on weekends. We assumed that we needed to pay a fee to transfer money. If you needed to give your friend 10 bucks and you had no cash on you, you were out of options without heading to the closest ATM. All that and more has changed, making us collectively realize that artificial hurdles had been in place to basically inconvenience us, and cost us more money. …


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 lives. World leaders and international organizations are getting on the same page about desired societal changes, many of which sound promising in theory but will be terrifying in action. …


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.

The goal of stage one is simple: to clear the path for the future, and to determine the level of compliance and pushback from various populations. …


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, after which we must find actionable ways to build upon this awareness. But we can’t even deal with the problem if we don’t truly know what the problem is. …


25+ resources and growing

Earth image with design of circuit board-like lines extending, showing connectivity with endpoints of light.
Earth image with design of circuit board-like lines extending, showing connectivity with endpoints of light.
Image by Gerd Altmann from Pixabay

Central bank digital currency will no doubt be one of the most significant changes to the financial system in our lifetimes. I have done a great amount of research and writing on the subject of CBDC, however I felt it was important to compile a list of references with links to the applicable documents. I below is a list with links to what I believe are the most important white papers, research papers, etc. regarding the coming central bank digital currencies.

Central bank digital currencies: foundational principles and core features

by: BIS, ECB, Fed, BoJ, BoE, Riksbank, Swiss NB, Bank of Canada, Oct 2020

https://www.bis.org/publ/othp33.pdf

https://www.bis.org/publ/othp33.pdf

Breaking through the zero lower bound

by IMF, Oct…


An Friendly Authoritarian Tale

By Santa Klaus

Image for post
Image for post

(To be read out loud in a heavy german accent, like Hitler)

Gather round children! I shall tell you the tale of Christmas future.

When I was a young boy in Ravensburg in the motherland, der Führer was in power, and holidays were quite meager. Well, not for all families of course, but for most. Such is the holiday many of you will be partaking in shortly as we enter a time of much-needed change in the world. …


Here are some links, references and excerpts — you decide

A posh nicely dressed blonde woman that just went shopping, holding multiple bags in each hand.
A posh nicely dressed blonde woman that just went shopping, holding multiple bags in each hand.
Photo by freestocks on Unsplash

Online Discussion

Considering the tremendous amount of online discussion, tweets, posts and YouTube videos being made about the Great Reset initiative of the World Economic Forum, for many there has been difficulty connecting what sounds like a conspiracy theory to reality. It’s not impossible, but it seems to have been made intentionally difficult by design. After all, if the WEF and the Davos folks really are trying to shift us to some technocratic corporatist world where we “have no privacy” and “own nothing”, they can’t just come out and say that.

The most recent pushback I’m seeing people argue about regarding the Great Reset, is whether A) it’s even a real thing; and B) that the “Welcome to 2030” article’s claims aren’t necessarily tied to the Great Reset initiatives. …


A World on the Verge of Change

A Slippery Slope into Corporatism

The Golden Bull statue on Wall Street in New York City, US
The Golden Bull statue on Wall Street in New York City, US
Image by Alexander Naumann from Pixabay

The Call to Stakeholder Capitalism

The call of the World Economic Forum (WEF) to shift to “Stakeholder Capitalism” is being answered by world leaders, politicians, corporate CEO’s, and other elites whose stated goal is to “reset Capitalism”. This is a global call because it is a global effort by the WEF, and beyond Biden, other world leaders, such as Boris Johnson (UK), and Justin Trudeau (Canada) are also joining.

A move to Stakeholder Capitalism, which would involve drastic changes to America’s economic system, is just one aspect of the WEF’s Great Reset initiative. Previously a “pie-in-the-sky” vision by Klaus Schwab, chairman and founder of the WEF, this Great Reset is fast gaining both adherents and traction. In fact, over 180 corporations signed on to changing the corporate governance model to Stakeholder Capitalism at the Business Roundtable just last year. …

About

Justin Honse

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

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