I use cash nearly exclusively, except those rare times I forget it. But I’m here to say that the demise of cash is inevitable and we need to learn to work around that reality. That right there isn’t a popular opinion within the community of those that cherish freedom. They feel that the use of cash is instrumental to maintaining their liberty, and I totally understand. If we had a physical currency that had inherent value, like coins made of precious metals, that would be a great start. However, it is far from adequate to function in this technologically advancing society.

Our Currency Is Inflationary (Loses Buying Power)

The current reality of our debt-based monetary system is based on the use of a currency that is inflationary in nature. For every dollar created, an instant debt is associated with it, giving us a self-perpetuating debt we can never be free of. Additional currency is added to the money supply with just a keystroke, inherently inflationary in nature. This is the fractional reserve banking system, a fraud so incredibly big it’s mind boggling. Even more mind boggling is how well they’ve kept this scam concealed under the glossy veneer of complicated jargon. This constant inflation of the money supply diminishes the existing currency that we all own. Make no mistake, this is pure theft that is explained away with terms like “quantitative easing,” “stimulating the economy,” “saving the institutions that are too big to fail,” “bailouts,” and “bail-ins”—they are all euphemisms for robbing you.

A “Sound” Monetary System Is Crucial to Liberty

By definition, true liberty can never occur without a sound money supply. The exchange of value is at the centre of what society is built on. The interjection of government into this most elemental part of society is the root of a great deal of harm—not to be confused with the 50-something rich guy reliving his youth selfishly like a reckless teenager whom people want to sneer at. This is about the banksters that have preyed on humanity for much of recorded history. Their control of global governments has accelerated since technology increased global communication and travel.

Let’s break down this concept of a sound money system that allows financial freedom, which may conjure up images of floating on the ocean on a yacht or sipping drinks on a tropical white sandy beach. In this context it means being able to engage in financial transactions with whomever you choose without the meddling of a “middle-man.” This “intermediary” is parasitical in nature and is at the heart of the problem. Centralization of finance is what keeps humanity enslaved.

A sound money supply is one that is finite, meaning that more can’t be created, thus maintaining the value of the existing currency. The last aspect of truly sound money will take a bit to unpack, but it’s crucial to understand. It involves trust—or the lack of it.

How Has “Keeping Cash Alive” Worked Out So Far?

Those in the know already understand that the pandemic response was part of a global agenda by the ruling elite to consolidate control under the guise of the greater good—a common ploy that gets recycled for another round. That is the first round of a deception; the second round is the global rollout of central bank digital currencies and digital IDs. As with the rollout of the Covid response, we can observe how different governments enacted these measures and how populations responded. In the case of Nigeria, the people there seem to be more resistant than the Western world, with only 0.5% adoption by Nigerians when the government rolled out a CBDC and digital ID. The government there went ahead regardless, and you can bet they’ll try that here too.

If you’re curious why there was so much resistance, it’s because Africans have grown suspicious over time as economic interests have continually subverted and extracted their resources, decimating an already low standard of living through governments colluding with foreign powers.

Trust, Elusive as the Yeti in These Pivotal Times

Our current monetary system is based on trust. How can it be trusted in light of the last five years? Every war is funded by the biggest asset managers on earth—State Street, Vanguard, and BlackRock. They own stakes across pharmaceutical companies, media companies, weapons companies, oil companies, “green” energy companies, and more. These companies work alongside the World Economic Forum and United Nations toward increasing centralization through the use of central bank digital currency and an elaborate global surveillance apparatus. All assets and everything of value on earth is set to be put onto a centralized digital ledger under the control of a central bank of central banks—the so-called Unified Ledger. I don’t trust this. Do you? Instead, let’s roll with a trust-less system of our own.

Give Me Liberty, or a Trust-Less System

The pressure on the middle class will continue; those in the upper socio-economic strata will find it easier to ensure their survival in this day and age of automation and surveillance. This will necessitate commerce over long distances to maintain trade and high economic output for those who aren’t using government-centralized “trusted” options. This requires the electronic transfer of payments, which currently relies on “trusted” centralized entities. With the advent of distributed ledger technology, which blockchain essentially is, we get a system without any centralization—a system that is essentially “trust-less.”

This is enabled through the use of cryptography, which facilitates encryption. The practice of encryption has a well-storied past that started long before computation or even electricity: the Caesar cipher of the Roman Empire around 50 BCE, a simple shift cipher; the scytale of ancient Greece around 500 BCE, a transposition cipher using a cylindrical rod and a strip of parchment; the Atbash cipher of ancient Hebrew tradition around 600 BCE, a substitution cipher reversing the alphabet; and hieroglyphic substitution in ancient Egypt around 1900 BCE, where scribes used non-standard hieroglyphs to obscure messages.

Crypto Isn’t a Pet Rock

While many people new to cryptocurrency get caught up in the price action, we need to understand the networks and the value they bring to the marketplace. The utility of cryptocurrency, and thus the value it provides, is dependent on the real-world problems it solves. This is the free market at work. In our quest to find true liberty, we need to be aware of the free-market forces available to us through disruptive technology. The monetary system can be thought of as a hierarchical organization, not unlike the movie rental business, taxi industry, and hotel chains. These long-established, profitable businesses were disrupted by the likes of Airbnb, Netflix, and Uber. The monetary system is fragile—multiple layers built up like a house of cards in a wind storm on the edge of a cliff.

Where Does Crypto Get Its Value?

Cryptocurrency derives its value from the utility it can provide. Consider what it takes for a store to sell you a can of pop: overhead including utilities, rent, payroll, insurance, taxes, and licenses. You might end up with something like a 20% profit margin. Now consider the drastic reduction in overhead and increase in profit a retailer would expect if that pop were sold through a vending machine instead. That machine replaces the store and its overhead costs while charging the same price for a similar product—a real-world value beyond the sum of its parts. This is analogous to how crypto brings value; the mechanics of that are beyond the scope of this article.

Is Cash King?

Let’s circle back to the concept of a sound monetary system. The one aspect of this ideal that could never be attained within a traditional, centralized financial system is the eventual centralization of control. Even with a gold-backed currency, or coins made of precious metals, there will always be a need to store these at a central location, restarting the process of eventual corruption. We can’t get away from this realization—I prefer immutable and auditable computer code over trusting institutions in the long run.

Final Thoughts

I’m not advocating for a purely digital monetary supply, but rather a mix of silver coins for personal transactions, along with barter. We have to be as diverse and flexible as possible in our means of maintaining commerce, and thus our standard of living, liberty, and security. What I am advocating for is the need for us to adapt and overcome the challenges we face in our increasingly complex world. The window is closing on the opportunity for rapid upward socio-economic mobility, and those that fail to adapt to incoming technology will struggle to keep pace. Survival in the years ahead will depend not just on resourcefulness, but on the wisdom and courage to prevail.