All hivers need to be aware of the war on cash.

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There is nothing in the world more powerful than an idea whose time has come.

 
-Victor Hugo-



A cordial greeting to all the community of hivers that make life in the great tribe of LeoFinance. Today's post is a warning to the vast majority of those who make life in the community, since an important part of this belong to countries with greater economic problems than those of the first world countries, although today the crisis is widespread. And it has to do with the war on cash being waged by world governments together with the centralized banking system.

I focus on the small bees, because the bigger bees and the bumblebees of the hive, in theory, have the financial education that allows them to take the pertinent actions to avoid the control of their money by those who manage fiat money. In that order of ideas, the main objective or intention pursued with the progressive elimination of cash, is the control and imposition of taxes and negative rates to the users of the system. Ironically, centralized digital money has been sold to us as an advantage, when in fact, if we analyze it well, its disadvantages are much greater.

The truth is that in the name of the ease of not having to go to a bank to withdraw cash, and having access to your funds at any time, in addition to having various payment methods, we are overlooking certain implications that make us vulnerable, not only with respect to money, but in our privacy and personal security.

I am not going to talk about conspiracy theories or future apocalypses, but about things that are happening in our daily lives and that we can verify. On the one hand, we have a health war involving several pandemics and those that are yet to come. Recently a war apparently started between two countries, but we all know that it is a war between political and economic systems that we could call hemispheric. And for some time now, although many of us have not noticed it, a war has been declared on cash on a planetary scale.

In this sense, the war that is being waged against cash uses several fronts and is located in various scenarios, some of which are very complex and seemingly unrelated, such as the increasingly open war against decentralized Defi finance. Despite the fact that active users of this type of finance constitute a minority sector of the population.


Less than five percent of the world's population owns cryptoassets.


Those in power claim reasons of state security, the fight against corruption and organized crime as compelling reasons for their implementation. The truth is that all these reasons are pretexts to monitor and control the common citizen. Since the excuses were invented, no one is to blame, says a popular saying.

More and more we are being deprived of using alternatives to money such as cash, gold among other reserves of value, and now they are doing it with cryptocurrencies. "He who has eyes let him see and ear let him hear" there are the facts. In spite of that Defi finance and cryptocurrencies continue to grow, perhaps more than they should according to some analysts.


There are currently approximately eighteen thousand five hundred cryptocurrencies and new ones are emerging all the time.


The intention is to indirectly make cash be seen as an expendable resource, already obsolete and not in line with these times of technological advances. A type of resource that is only irreplaceable for organized crime, since it does not use the legal financial system. But if we see the whole forest and not just the trees that it is convenient for the elites to show, cash has advantages that allow greater autonomy and independence from government control.

The result of this war is inevitable, sooner or later cash will disappear, and in doing so we will become more vulnerable to measures such as: exaggerated taxes, negative interest rates, blocking of accounts, placing withdrawal limits on our money (corralitos) and limits on transfers to third parties. Another proverb says: "A cock can't crow any louder".

The police state, not only political but also financial, is becoming more and more palpable. In my particular case, I have been noticing for some time that my debit card purchases suffer multiple surcharges immediately, which the bank used to do sporadically, and I really do not like it at all, it seems to me an abuse of this entity. To top it all off, it is a government bank. The signs are there, it is up to us to wait passively for the results or, on the contrary, to take action.

See you soon.


Translated with www.DeepL.com/Translator


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Thank you for read and support!!!!

 



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