Cash is King and Freedom

The communist economy, from then until December1989, was cash-based and barter-based, nobody had checking accounts and credit cards were something nobody knew existed in capitalism. Bartering as a medium of exchange was out of necessity to survive.

Everybody carried around large amounts of rolled up cash because people never knew when they walked by a grocery store with a long line of people, waiting for certain staples of food that would be delivered and, if they had the money, they stood in line to buy whatever was sold because they would need it, if not today, for sure tomorrow or in the near future.

Cash is a convenient medium of exchange; often the exchange happened between an underground-economy seller and a customer who did not want to stand in line and was willing to pay the price asked.

Cash is used for purchases from sources other than stores, for paying someone to mow the lawn or do a simple repair job. Illegal gambling is a cash-based part of the economy. Drug trafficking and human trafficking are also based on enormous amounts of cash, and no legal records are ever kept. And the government never receives any taxes.

People have used commodity money to pay for goods and services. Commodity money is an object used as a medium of exchange; such commodity money has value in alternative, non-monetary uses. Examples of commodity money could include cattle, stones, candy bars, chocolate, panty hose, gold, silver, copper, cigarettes, soap bars, woodpecker scalps, porpoise teeth, giraffe tails, etc.

Bartering can be useful in smaller, rural areas but it is much harder in large cities because it is based on the coincidence of wants. Our economy is much more complex to allow a smooth provision of goods and services just based on coincidences of wants.

The problem with commodity money is that it has become easily divisible, readily identifiable, uniform, storable, durable, and compact. Of all the commodity money, gold and silver hold the most value, are most compact, and do not require refrigeration. Currently, gold has already surpassed $4,000 per troy ounce which is approximately thirty-one grams.

Gold and silver coins had been struck for 2,500 years. Paper money was invented by the Chinese in the eleventh century, and Marco Polo brought the idea of cash to Europe.

Ironically, the modern Chinese were the first to implement digital currency on their billion plus citizens, all tied to the social credit score system. This allows citizens to have an economic life, travel, fly, go on vacations, medical care, school tuition, food, and other necessities based on their social credit score, i.e., how they behave in society and whether the government approves of their behavior, what they say and do.

Cash is king and represents freedom, but the globalist plan is to replace it with digital currency across the globe, removing any possibility of hiding sources of income, wealth, and economic activities that do not generate taxes for the globalist government. The digital currency becomes the absolute tool to control all economies, all income, the ultimate means of power and control.

As more and more places refuse to take cash as a form of payment, our cash will disappear from the global and domestic markets. The “greenbacks,” named so after Salmon P. Chase, Secretary of the Treasury to Lincoln, who picked the green color for our legal tender banknotes, will disappear.

All our freedoms depend on cash, however devalued it may be because of the overspending by Congress and the constant printing of it by the Treasury.