The Digital Dollar Will Not Be ‘Anonymous,’ Says Fed Chair Powell

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bkt said:
re: [..The only ones peeing their pants over cash losing it's "anonymous" are skirting the law by buying illegal stuff, or not reporting income, (dodging taxes).]

...That's completely wrong. I don't buy any illegal stuff and this is extremely concerning to me. I'm sorry you can't see the problem.
...sound like you don't see the magnitude of the problem. That's a pity.
Click to expand...

Seconded. Sorry, but.. That 'idea' ("..The only ones peeing their pants over cash losing it's "anonymous" are skirting the law by buying illegal stuff...") is the Same broken-logic applied by those who say "Meh, I don't worry if Google / Apple / Microsoft, et al 'listen' to my household via my iWhatever.. I've got nothing to hide".. :rolleyes: That's Not the Bloody Point..

Akin to what Snowden quipped, that's like saying you don't care about infringement on 1A Rights because, 'well I don't cuss, anyway'... :rolleyes: It's All About the Control / erosion of 1A, 2A, and so-on Rights. Has Nothing, whatsoever, to do with 'Progress for our Betterment' or whatever, and Everything to do with installing 1984-style Totalitarian Rule. :mad:

So, yeah, CBDC pushers can go piss up a rope. 🤬 (Unfortunately, I don't think we're gonna Win this 'armwrestle' (CBDCs vs Cash) with "the Fed", so.. Prepare accordingly.

jd
 
SoJer said:
Seconded. Sorry, but.. That 'idea' ("..The only ones peeing their pants over cash losing it's "anonymous" are skirting the law by buying illegal stuff...") is the Same broken-logic applied by those who say "Meh, I don't worry if Google / Apple / Microsoft, et al 'listen' to my household via my iWhatever.. I've got nothing to hide".. :rolleyes: That's Not the Bloody Point..

Akin to what Snowden quipped, that's like saying you don't care about infringement on 1A Rights because, 'well I don't cuss, anyway'... :rolleyes: It's All About the Control / erosion of 1A, 2A, and so-on Rights. Has Nothing, whatsoever, to do with 'Progress for our Betterment' or whatever, and Everything to do with installing 1984-style Totalitarian Rule. :mad:

So, yeah, CBDC pushers can go piss up a rope. 🤬 (Unfortunately, I don't think we're gonna Win this 'armwrestle' (CBDCs vs Cash) with "the Fed", so.. Prepare accordingly.

jd
Click to expand...
Ok but what preps can we do?

Gold and silver can't be traced... yet... and still has intrinsic value.

When does one eliminate all paper money that is stashed away?

How do I pay the kid down the block to mow my lawn ?

How would one grease the palms of politicians?

How would prostitutes and drug dealers get paid?

It screams of George Orwell 1984 level of control over what is right and wrong, true and false ...

"
so that they could not buy or sell unless they had the mark, which is the name of the beast or the number of its name.
"

Serious topic.

Ben
 
Neb said:
Ok but what preps can we do?
...
Serious topic.

Ben
Click to expand...
Yes, and that is why I hooked the jumper-cables to this thread. :)
Do I hide (legally) a bunch of financial stuff? Heck yeah :thumbs:.
With cash? No.
But we need to stay one step ahead of them, aaand it won't be with crypto:(.
 
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Now in your planning, especially if you're "not" heavily committed to this being a problem. Keep asking yourself, why did they just hire 87,000 "NEW" IRS agents, proficient with firearms.

And given that they are hell'bent on trapping everyone, you best be thinking far-far-far outside the box.
 
Neb said:
Ok but what preps can we do?
...When does one eliminate all paper money that is stashed away?
Click to expand...

Well.. I, for one, would 'eliminate' nearly All that paper money ASAP, by means of 'conversion' - Conversion into: Land, moar LTS, moar ammo, moar 'tradeables' (Liquor 'trade-paks', Eggs, etc, etc) And maybe some 'Practical sprinkles', like, saaay...

R.232a42aaa37d650d85d32bded7674360
(..just need to add a turret-mounted M134 + guard tower, Thanks.. :p

etc, etc..

Neb said:
How do I pay the kid down the block to mow my lawn ?
Click to expand...

You don't! You Let that "lawn" go to Wild Lettuce and 'London Rocket' and Plantain, Dandelion & Mullein... Then, sell the Kid yer 'tinctures'.. :p

Neb said:
How would one grease the palms of politicians?
Click to expand...

I think we'd All be better served by simply 'Greasing them', entirely. ;)

Neb said:
How would prostitutes and drug dealers get paid?
Click to expand...

Booze, DIY 'bud' (get with Cap'n Hashbrown for details :) and/or Sell them some of 'tinctures', too! I'm Certain the 'hussies' will Really appreciate some Quality 'anti-itch ointments', and such, ya? :p

But, I agree - it Really Is 'dead serious', and Not Nearly enough people See that. :( Oh well, buzzards gotta eat, too..

jd
 
Unless "ALL" of people's goods and services are currently being met very well exclusively through bartering. They will "FAIL". Almost everyone will "hope" this is not too bad at first. As, they say, "Hope is not truly a PLAN".

This will be for total control. "TOTAL".
 
So no digital currency. No credit cards. Only cash. What happens when the cash becomes worthless (like in Venezuela?) Switch to gold and silver? When is the last time you saw a merchant accept raw gold or silver as payment for anything? There are places that will accept your gold and silver and give you cash - that same worthless case that you traded for silver and gold a little bit ago. So ... who accepts gold and silver as payment for a physical item? In theory, someone might accept your precious metal in payment. But there is no system set up to facilitate this on anything but a very limited and microscopic scale. So you're probably going to starve, even if you're sitting on a house full of Krugerrands.
 
Haertig said:
So no digital currency. No credit cards. Only cash. What happens when the cash becomes worthless (like in Venezuela?) Switch to gold and silver? When is the last time you saw a merchant accept raw gold or silver as payment for anything? There are places that will accept your gold and silver and give you cash - that same worthless case that you traded for silver and gold a little bit ago. So ... who accepts gold and silver as payment for a physical item? In theory, someone might accept your precious metal in payment. But there is no system set up to facilitate this on anything but a very limited and microscopic scale. So you're probably going to starve, even if you're sitting on a house full of Krugerrands.
Click to expand...
Which is "EXACTLY" or substantially why, one needs to solve this differently.
 
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Neb said:
Serious topic.
Click to expand...
Sadly, so very-very-very-very few will do anything or even bother to execute a viable solution. It is going to take serious work to escape this trap.
 
Haertig said:
So no digital currency. No credit cards. Only cash. What happens when the cash becomes worthless (like in Venezuela?) Switch to gold and silver? When is the last time you saw a merchant accept raw gold or silver as payment for anything? There are places that will accept your gold and silver and give you cash - that same worthless case that you traded for silver and gold a little bit ago. So ... who accepts gold and silver as payment for a physical item? In theory, someone might accept your precious metal in payment. But there is no system set up to facilitate this on anything but a very limited and microscopic scale. So you're probably going to starve, even if you're sitting on a house full of Krugerrands.
Click to expand...
A triple beam balance and graduated cylinders can determine density as a very basic step in determining if you are looking at real gold and silver. A touchstone is portable.

Touchstone Gold Test Stone,Practical Jewelry Gold Testing Tool,10K 14K 18K 22-24K Silver Platinum Pure,Touchstone Portable Gold Detecting Stone(L) https://a.co/d/5erQHk7

I just ordered this.

Professional Jewelers Kit With Digiweigh Scale & Calibration Weight, Puritest Gold/Silver Acids Testing Solutions, Eye Loupe, 10pcs File Set, Premium Pro Stone, Solid Test Bar, Gold Plated Tester Bar https://a.co/d/hQaQMhS

Ben
 
Haertig said:
So no digital currency. No credit cards. Only cash.
Click to expand...
I must have missed where anyone said 'only cash'. That is not a good option either IMHO. The more choices we have, the better. It's the FORCED digital currency that I'm against. If people want to use digital currency and it's a choice....I say more power to em! It's just not for me.

I think viable solutions would be to diversify. Basically get your house in order (whatever that means to you) and have a bit of everything to cover all bases. Gold and silver may not be the main medium merchants use today, but it used to be. It will never be worthless, but dollars could be. There's other things I'd rather have a lot of than PM's, but that doesn't mean I don't have them. PM's can be an investment, and some think that right now it's a safer bet than the stock market. To each their own.
 
Neb said:
A triple beam balance and graduated cylinders can determine density as a very basic step in determining if you are looking at real gold and silver.
Click to expand...
I see that as maybe being useful if one were planning on being a merchant and accepting gold/silver for payment. Probably only after the apocalypse when we have reverted to the Stone Age though. In "normal times", when the world has moved to a cashless society, but is otherwise operating normally, I can't see the Piggly Wiggly allowing someone to walk in there, grab a gallon of milk, and shave off a few flakes of gold to pay for it.
 
Sourdough said:
Sadly, so very-very-very-very few will do anything or even bother to execute a viable solution. It is going to take serious work to escape this trap.
Click to expand...
Corrupt politicians, organized crime, and the black market may find solutions. The CBDC will have to allow for illicit transactions. The world's oldest profession can not be outlawed.

Zell is a peer to peer method of payment. Our new tenant transfers payments from his account to our credit union.

CBDC can only happen after a government goes totalitarian not the other way around.

Ben
 
The best prep for a cashless society that I can see at the moment, is buying everything you will need for the rest of your life, now, in advance, and storing it.

This is of course not feasible. But neither is relying on cash, precious metals, or bartering in a world that has moved to a cashless society (digital payment only). For the majority of people, this cashless society will be perfectly normal and acceptable. The world will go on. For a while at least. Grocery stores are not going to switch to a bartering system or precious metal payment if we go cashless. They will simply put up the cashless kiosks to allow continued operation of their store.

Better than trying to prep for one, is never allowing a cashless society to unfold in the first place. But how do we do that? That's the big question that nobody seems to have an answer for yet.
 
Haertig said:
I see that as maybe being useful if one were planning on being a merchant and accepting gold/silver for payment. Probably only after the apocalypse when we have reverted to the Stone Age though. In "normal times", when the world has moved to a cashless society, but is otherwise operating normally, I can't see the Piggly Wiggly allowing someone to walk in there, grab a gallon of milk, and shave off a few flakes of gold to pay for it.
Click to expand...
Yes but the same would apply if one tried buy the milk with a $1000 bill. (Are they still in circulation?)

A crude rule of 100 ounces of silver to an ounce of gold.

A beater car is worth an ounce of gold.

While technology still works Glint allows us to buy gold on the dips and pay for stuff in an equivalent grams of gold.

Ben
 
Haertig said:
Better than trying to prep for one, is never allowing a cashless society to unfold in the first place. But how do we do that? That's the big question that nobody seems to have an answer for yet.
Click to expand...
That train departed the station in the early 1960's. Roughly 1963.
 
Haertig said:
The best prep for a cashless society that I can see at the moment, is buying everything you will need for the rest of your life, now, in advance, and storing it.

This is of course not feasible. But neither is relying on cash, precious metals, or bartering in a world that has moved to a cashless society (digital payment only). For the majority of people, this cashless society will be perfectly normal and acceptable. The world will go on. For a while at least. Grocery stores are not going to switch to a bartering system or precious metal payment if we go cashless. They will simply put up the cashless kiosks to allow continued operation of their store.

Better than trying to prep for one, is never allowing a cashless society to unfold in the first place. But how do we do that? That's the big question that nobody seems to have an answer for yet.
Click to expand...
Exactly!

#0
Buy everything now...
Not on my budget. ;) I can't go all in on prepping for disasters since the threat of us living too long is a real threat I have to deal with before... That upgraded machine shop steam boiler will have to wait.

#1
Peacefully reject totalitarianism.
Switching from credit and debit cards to cash would be a nice way to reject digital money. It would complicate my life...

We use Dave Ramsey's "Every dollar" to track every expense. Credit and debit cards are directly linked an only require assignment to the budget categories. Using cash I would need to keep recites and make manual entries. Oh Bother!

But it is a viable path.

#2
Let the corrupt politicians, organized crime, and black market ( is that redundant?) work out the alternatives.

Quoting Sarah Gonzalez...

What could possibly go wrong?

Ben
 
Haertig said:
The best prep for a cashless society that I can see at the moment, is buying everything you will need for the rest of your life, now, in advance, and storing it.
Click to expand...
This is the best point of departure, and best foundation to build on. It can be done, granted not easily. There will be those who will be 100% trapped by digital currency, maybe not at first, but eventually.

If you have "nearly" everything you would likely ever need, that is where the barter would start to come into play. Better to only have to find a "work-around for 15% of your needs then all your needs. Most here would never believe what dirt-poor people traded for what they needed in the 40's & 50's.

Ask me how I know, and vividly remember, even as the memory makes me weep just to post this sentence.
 
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Sourdough said:
That train departed the station in the early 1960's. Roughly 1963.
Click to expand...
Help me out there please.

I was only 5 in 63 so all I can remember was my mother crying and there was only a boring funeral thing on TV.

Ben
 
Sourdough said:
..Most here would never believe what dirt-poor people traded for what they needed in the 40's & 50's.

Ask me how I know, and vividly remember, even as the memory makes me weep just to post this sentence.
Click to expand...

There is no need for any of us go there.

My trials were little in light of my parents and grandparents.

Ben
 
whats produced in your area is a good starter point to see what resource you will have or MIGHT HAVE in a collapse or partial collapse.
 
Neb said:
Help me out there please.

I was only 5 in 63 so all I can remember was my mother crying and there was only a boring funeral thing on TV.

Ben
Click to expand...
Many think America was only recently taken over, but 63' was when America was no longer the Peoples Country.
 
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aus·ter·i·ty
[ôˈsterədē]


NOUN

  1. sternness or severity of manner or attitude:
    "he was noted for his austerity and his authoritarianism"
    SIMILAR:
    sternness
    austereness
    severity
    strictness
    grimness
    • extreme plainness and simplicity of style or appearance:
      "the room was decorated with a restraint bordering on austerity"
      SIMILAR:
      plainness
      lack/absence of adornment
    • (austerities)
      conditions characterized by severity, sternness, or asceticism:
      "a simple life of prayer and personal austerity"
    • difficult economic conditions created by government measures to reduce a budget deficit, especially by reducing public expenditure:
      "a period of austerity" · "austerity measures"
      SIMILAR:
      restraint
      moderation
      economy
      severity
      abstemiousness
      aus·ter·i·ty
      [ôˈsterədē]
      NOUN
      1. sternness or severity of manner or attitude:
        "he was noted for his austerity and his authoritarianism"
        SIMILAR:
        sternness
        austereness
        severity
        strictness
        grimness
        • extreme plainness and simplicity of style or appearance:
          "the room was decorated with a restraint bordering on austerity"
          SIMILAR:
          plainness
          lack/absence of adornment
        • (austerities)
          conditions characterized by severity, sternness, or asceticism:
          "a simple life of prayer and personal austerity"
        • difficult economic conditions created by government measures to reduce a budget deficit, especially by reducing public expenditure:
          "a period of austerity" · "austerity measures"
          SIMILAR:
          restraint
          moderation
          economy
          severity
          abstemiousness
 
elkhound said:
whats produced in your area is a good starter point to see what resource you will have or MIGHT HAVE in a collapse or partial collapse.
Click to expand...
If younger I would set-up a large firewood business and accept both trade goods and Government Control coins. Sadly, it would not work for very long. "If you see something or hear of something" tell your trusted friend the government and receive a stimulus check.
 
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Neb said:
Ok but what preps can we do?

Gold and silver can't be traced... yet... and still has intrinsic value.

When does one eliminate all paper money that is stashed away?

How do I pay the kid down the block to mow my lawn ?

How would one grease the palms of politicians?

How would prostitutes and drug dealers get paid?

It screams of George Orwell 1984 level of control over what is right and wrong, true and false ...

"
so that they could not buy or sell unless they had the mark, which is the name of the beast or the number of its name.
Click to expand...
So do many usable metals and resources. wood, manure, compost and hay come to mind.

When one is a tyrant.

A chicken and a dozen eggs. Maybe a bit of sausage.

You promise they'll die of old age and not nailed to a tree in the middle of nowhere covered in honey.

Never rubbed elbows with the drug culture have you? 5 reefers, 1/2 a gram of speed or twenty shrooms or if you brew liquor, a couple of pints of the good stuff.

Orwell was a Socialist, he knew the battle plan. :)

Everyone knows he's coming, but only the Elite are prepared to embrace him.
 
ZeroHedge is about as reliable as end of the world forecasts, but ignoring that for the moment, their article states that the EU will be banning cash transactions greater than 10,000 Euros - those will be illegal.

My question is, how will they detect the size of cash transactions between individuals to enforce this?
 
Haertig said:
ZeroHedge is about as reliable as end of the world forecasts, but ignoring that for the moment,
Click to expand...
My estimate is Zero Hedge, actually writes about 2% of the articles they post. They gather the best they can find for the market they serve.

If you look at the very top it will show in "BLUE" who wrote it, and where it was originally published.
 
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