Is This Still Money? Kind of, But Not For Much Longer.

Is This Still Money? Kind of, But Not For Much Longer.

The real action in the realm of money is changing the very nature of money itself. Once a store of value and an exchange medium replacing inconvenient gold, money is fast becoming a tool for population surveillance and control. Money will be available as permission given for allowed activities, and as a guide for approved behavior including thoughts. This can’t be good, or can it?

When Will Money Not Be Money? July 2023

When Will Money Not Be Money? July 2023

Bank-based digital money is happening. Right now. Like it or not. It claims to offer convenience, instant transactions, safety, and simplicity. The Federal Reserve’s FedNow payments service goes live in July 2023. Is this digital money? How does it work? What happens next? Should we be concerned? Maybe, maybe not. Like so much else these days, it depends …

Our Brave New World

Our Brave New World

Aldous Huxley wrote in his dystopian novel Brave New World (1932) about a new world being created by people with extremely evil natures. While this description might apply to almost any period in history, it seems especially relevant to our world today. Changes that are occurring seem indeed to be ushering in our very own brave new world. But why “brave”?

When Money Is No Longer Money. Like Today.

When Money Is No Longer Money. Like Today.

You may remember a while back when money was valuable and you could put it in a bank for safekeeping. Well, no longer. Money value is getting trashed right now, along with the formerly safe banks. The value decline started in 1913, with the dollar today worth around 4 cents in equivalent purchasing power. And now banks are suddenly collapsing. Where is this mess headed next?

Cryptocurrencies Are Dead. Why? CBDCs. Maybe.

Cryptocurrencies Are Dead. Why? CBDCs. Maybe.

Cryptocurrencies are not money but just a transaction mechanism. They have no proven safe store of value. They are collapsing, for reasons. Luckily, central banks just so happen to be ready to rollout out their CBDCs, which are not money either. CBDCs are only a payment mechanism linked to wonderful fiat currencies, like the US dollar, but they will save the monetary system. Or maybe not.