Why It is Critical to Use Cash! (And Crypto, Gold/Goldbacks, Silver, and Even Nickels!)
It's Easy to Help Your Community Get Prepped for a Dollar/Banking Collapse or Devaluation
With banks starting to fail, there are some easy and specific things you can do to strengthen your local community’s ability to survive a banking collapse or dollar devaluation.
Use Physical Cash
Why we should pay with cash everywhere we can with banknotes instead of a credit card! - Adapted from Wren Hope Rose’s Viral Fedbook Post
- I have a $50 banknote in my pocket.
Going to a restaurant and paying for dinner with it. The restaurant owner then uses the bill to pay for the laundry. The laundry owner then uses the bill to pay the barber. The barber will then use the bill for shopping.
After an unlimited number of payments, it will remain a $50, which has fulfilled its purpose to everyone who used it for payment, and the bank has jumped dry from every cash payment transaction made...
- But if I come to a restaurant and pay digitally - Credit card and bank fees for my payment transaction charged to the seller are 3%, so around $1.50, and so will the fee of $1.50 for each further payment transaction or owner (re laundry) or payments of the owner of the laundry shop, or payments of the barber etc.....
Therefore, after 30 transactions, the initial $50 will remain only $5 😫 and the remaining $45 will become the property of the banks 🏦 thanks to all digital transactions and fees.
Small businesses need your help, and this is one way to help ourselves too.
Pull small cash draws out at a time and use that instead of tap, credit, etc.
When this is put into perspective, imagine what each retailer is paying every month in fees at 3% per transaction through their POS machine.
If they have, for example, $50,000 in sales & 90% are by Card, they are paying $1500 in fees in ONE Month. $18,000 in a year! That comes out of their income every month.
That would go a long way to helping that small business provide for its family!🏦♥️"
There are even more reasons to pay with cash:
Cash lets business owners keep more of what they make from the lying, thieving, stealing government, which allows them to spend more on their families, church, charities, and with other small businesses in the community.
The reduction in the organized crime government’s income, in theory, leaves fewer funds available for war, domestic spying, propaganda, indoctrination and all of their other crimes, waste, fraud and abuse BUT, unfortunately, they end up just “borrowing”/printing the money, which is inflationary and stealing the value out of everyone else’s money.
If everyone were spending more in physical cash, then everyone would have more cash on hand in the event of a “bank holiday” and less for the banks to steal in a “bail-in” (See below for a definition of a “bail-in”) or lose in a collapse.
Cryptocurrencies are non-dollar-denominated money alternatives that compete with US dollars and other “government” issued fiat paper/digital currencies as a store of value and medium of exchange. Bitcoin, Bitcoin Cash, and Dash are some of the best-known examples, but there are other privacy-centric alternatives, such as Epic Cash and Monero, that are not tracking every currency on a public blockchain, as is Bitcoin.
The organized crime banksters like pushing the price up and down with their piles of fiat paper and digital dollars they use to make crypto look “iffy” and volatile. This will continue until a cryptocurrency acquires enough widespread adoption and liquidity, similar to the US Treasury market, where billions can flow in and out without dramatically affecting the price.
Cryptocurrencies offer several advantages for users and merchants in both good times and during a banking crisis or dollar devaluation.
Your funds are safe from confiscation - Because cryptocurrencies are stored in a cryptographically secure wallet where you hold the keys, YOU are the bank. There is no middleman able to turn over your funds to the IRS, state tax
“authorities”thieves, or for the banks to steal in a “bail-in.” For the uninitiated, a “Bail-In” is a banking industry-created euphemism for when a troubled bank is allowed “by law” to seize a percentage of depositor funds. This has already happened in Greece and Italy, AND Federal Deposit Insurance Corporation (FDIC) officials have already been caught on video discussing the option of bail-ins for potentially troubled US banks.
You are diversified from the $USD. - While cryptocurrencies are denominated and easily spendable in dollar amounts, they are not $US dollars. They essentially trade similarly to foreign exchange on international markets. In the event of a dollar devaluation (or collapse), they could theoretically weather the storm in a “flight-to-quality.”
Use Gold, Goldbacks and Physical Silver
Goldbacks are a new form of currency that makes gold flexible and spendable. Each note varies in size and thickness and contains a fixed amount of 24K Gold. This bill series honors New Hampshire and is popular with the Free State Project.
Gold and Silver are monetary metals with a 5,000+ year history of serving as money. The banksters themselves settle their debts using gold and silver through the Bank of International Settlements. Gold and Silver are not debt instruments like physical and digital dollars and can’t be devalued through the printing press. There are coin shops and gold brokers in almost every city on the planet that does the business of exchanging gold and silver for local currencies.
Cryptocurrencies offer a number of advantages for users and merchants in both good times and during a banking crisis or dollar devaluation.
Your funds are safe from confiscation (but not theft) - Because you are storing some of your wealth in physical gold and silver in your own home or business, your funds are safe from tax collection and bank “bail-ins” but less protected from “freelance socialism” (I.E. Theft), so you must take precautions to hide or securely store precious metals.
The U.S. Mint’s Bullion Coins are denominated in dollar amounts I.E. the one-ounce silver eagle is denominated as $1, and the one-ounce gold walking liberty is $50 even though the actual value is the spot price of silver/gold ($21.92 and $1918.66 respectively as of this writing March 15th,2023 in addition to $10-15+ premiums you will need to pay PER COIN)
You are diversified from the $USD. - While Goldbacks and U.S. bullion coins like the American Eagle series are denominated in amounts like $1, $5, etc. that is not their actual value. The value fluctuates with the price of gold on the international market. A $1 US Goldback has 1/1000th of an ounce of 24K gold in gold (about $1.91 at spot price) and retails for about $4. The lowest price I have seen for bulk purchases is $366 for 100 $1 Goldbacks.
“Junk Silver” Coins are pre-1965 U.S. Quarters, Dimes, and Half-Dollars that were 90% Silver. They are still widely available today and are used for barter and as a hedge against inflation. They trade for the amount of physical silver in each coin which varies from day to day but is easily calculable using online calculators like the one at Coinflation.com. For example, a pre-1965 mercury or Roosevelt dime is worth about $1.57 in pure silver,r while a pre-1965 quarter is worth about 3.94 cents as of March 15th, 2023. Expect to pay a few percentage points when buying and lose a couple when selling them at a coin shop or dealer.
How to Use Gold/Goldbacks and Silver to Help Protect Your Community from a Dollar Devaluation / Currency Collapse
Use Gold/Goldbacks and Silver for Gifts, Tips, and Barter - The more $ USD alternatives circulating and held in your community, the better diversified the community will be to a $US dollar devaluation or collapse.
I am the owner of a technology consulting firm, and for years I gave my clients engraved silver Christmas tree ornaments starting when silver was about $9 an ounce. Silver soared to $50 an ounce at one time (today, it is $21.92), and my clients remembered and appreciated the prescience of the gift. When was the last time a business gave you a Christmas gift that appreciated in value?
I buy one-dollar Goldbacks in packs of 100, which I distribute as tips to restaurant servers, valets, and hotel maids. With the restaurant servers and valets, I ask if they want Gold or Paper, which leads to an interesting discussion, and they always want Gold. With hotel maids, I will leave some cash and some Goldbacks.
Instead of toxic GMO and sugar candy at Easter, I put silver bullion coins and junk silver coins in Easter eggs for my nieces and nephews, knowing that I am diversifying them out of the US Dollar while simultaneously giving them a lesson in investing and precious metals.
I started giving my kids their $ 10-a-week allowance in Bitcoin when Bitcoin was $230 a coin after a chance dinner with crypto angel investor Roger Ver in 2015, who eloquently explained what was happening in the space.
I am in a mutual aid society, and the members frequently trade and barter with each other using junk silver and precious metals.
When exhibiting at conferences and Liberty events, I sell my book “Government” - The Biggest Scam in History… Exposed! for physical silver, Goldbacks, and crypto in addition to the rapidly depreciating fiat paper tickets of a bankrupt empire.
This ends the free preview. What is Behind the Paywall This Week?
Nickels! - What is the big deal about Nickels? Hint: It is the only current US coin that is actually worth its weight in physical metal. In fact, a nickel is worth significantly more than five cents…
What is the cheapest way to buy silver bullion coins without paying $10-20 premiums PER COIN?
Who has the best deal on Goldbacks?
How to diversify your grandkids into precious metals and skip two generations of estate taxes!
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