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 […]
What Held Up FTT Tokens?
Air? Nothing but air. Well, maybe a drop or two of Fairy Dust. As Andy Kessler reminds his readers in the WSJ, air doesn’t hold up much. Likewise Fairy Dust. FTX’s original sin was to borrow against its own FTT token. Most of (the) platforms are now frozen and might disappear as customers caught with […]
FORCED CASHLESSNESS: The New World Order Is No Longer a Conspiracy Theory
On The Great Recession Blog, David Haggith details the plans for a cashless society and the World Economic Forum’s embrace of the “New World Order,” writing: We’re on the brink of a dramatic change where we’re about to — and I’ll say this boldly — we’re about to abandon the traditional system of money, and […]
Remember This from FTX Bankruptcy and You Can Thank Yourself Later
The fall of crypto exchange FTX is a brutal lesson in fear and greed. Not the fear of losing but the fear of missing out or FOMO. FTX founder Sam Bankman-Fried (SBM) said this on the podcast “Odd Lots” describing how venture capitalists pick investments (highlighted by Jason Zweig in his WSJ column the “Intelligent […]
Crypto Absurdity Is a Mirror of Society
In an article for Spectator World, Ben Sixsmith explains that “The worst aspects of crypto, after all, are a kind of reductio ad absurdum of the modern world.” He concludes by telling readers “The bright-eyed idealism of its early years has faded — and it deserved to. As in the case of all utopianisms, an imaginary […]
