Minneapolis Fed President Neal Kashkari offered a surprisingly blunt and critical assessment of central bank digital currencies during a Q&A following his speech at the Minnesota Transporation Conference on May 15. Derek Andersen of Cointelegraph reports Kashkari’s remarks, writing: “We’re studying it,” Kashkari said of CBDCs, adding that the Fed believes it would take an […]
DeSantis Bans the Use of CBDCs in Florida
You know that the prospect of a cashless society is a debacle for Americans. Back in March, I wrote to you about Governor Ron DeSantis’s proposal to ban the use of central bank digital currencies (CBDCs) in Florida, and now the governor has signed the effort into law. Fox News reports: The team for Florida Gov. […]
Why Cash Is Freedom
Prevent Total Monitoring/Control over Money and Energy Recently Dick and I went to lunch on Bowen’s Wharf. Like many cities, large and small, parking is often costly or non-existent. I decided to bite the bullet and electronically pay for a parking space. When asked if I’d want a receipt, I said no because the machine […]
CATO INSTITUTE: Central Bank Digital Currencies Are a Threat to Freedom
According to a new study by the Cato Institute, central bank digital currencies “would provide COUNTLESS OPPORTUNITIES for the government to control citizens’ financial activity.” The authors, Norbert Michel and Nicholas Anthony, explain how such financial control might occur, writing: FREEZING OR SEIZING ASSETS Governments have long recognized that freezing someone’s financial resources is one of the most effective ways […]
The Devious Control of Central Bank Digital Currencies
In his Tom Woods Letter, author Tom Woods suggests that opponents must “get ahead” of the “sinister” plan to institute central bank digital currencies (CBDCs) by opposing them now rather than once they’ve been implemented. CBDCs would give governments an unprecedented amount of control over their populations. As I have written, the institution of CBDCs […]
How Your Survival Guy Feels About Digital Dollars
My client told me yesterday that years ago, he and his wife traveled from Alaska back to his childhood home to accept an award for excellence in dentistry. Home for him was LA—not that LA—Shreveport. The ceremony was in New Orleans. The plan was to borrow one of his sister’s cars in Shreveport and drive […]
FORCED CASHLESSNESS: Look for This to Be a Trend
Originally posted on September 9, 2022. Passed by a shop recently and saw this sign. “Contactless + Credit Card Payments Only; We Are No Longer Accepting Cash.” No longer accepting cash? Look for this to be a trend going forward as governments and central banks push for cashless societies. As I have written, a cashless […]
DANGER: Children Already Conditioned for Cashlessness
You have read here and here about the dangers of forced cashlessness. But it’s not forced if people already accept it. Children are already being conditioned to accept cashlessness as a way of life. Video game tokens and currency are their preferred method of payment. If you grow up using digital money, you’ll have a […]
Will Lawmakers End Crypto’s Wild West Days After FTX?
Members of the Senate are increasingly discussing regulation of cryptocurrency markets after the implosion of FTX, the world’s second-largest cryptocurrency exchange threatened to take down portions of the financial system. The Wall Street Journal’s Dave Michaels reports: Lawmakers should pass legislation that would impose strict rules on cryptocurrency exchanges, including rules to limit or prohibit […]
The Theory of Moral Sentiments
Moral Scruples and Personal Commitments The Democratic Party received over $40 million to fund FTX’s founder’s chosen candidates in the recent midterm elections. The money was laundered through Ukraine, a country not exactly known for its high standards. Left wing Democrats received the money either directly or through a shielded PAC, reports Theodore Malloch in […]
