Guest Post by Martin Armstrong
Europeans are much more familiar with canceling currency. Those governments are much more Marxist and have been canceling currencies routinely since WWII. What happens is you are forced to bring your cash in to swap it for the new version. In this case, it will be digital. What they are going to do is then look to see who accumulated that cash. If it is a large chunk, you may be taxed, and the burden will be on you to PROVE you paid the cash.
You are better off swapping it out for gold, stocks, and even real estate outside of the Blue States and generally cities. As people migrate from those regions, the people left behind will have their taxes increased. California is the #1 state people are leaving. They have noticed, and as I have been warning, you should have got the hell out of that God-forsaken state. They are now imposing an EXIT tax to leave.
The downside of real estate is that they impose a property tax on it annually. Some states include even your car. People I know used to have Ferraris no longer because they paid a sales tax to buy it, and then you are taxed on the price you paid for it annually as property tax. If you keep the car for 10 years and it depreciates, the taxes you pay just to have it will consume half the price of the car or more.
We are through the COVID crisis when it was wise to hold the cash. Now, you do not want to hold cash into 2028. We are facing STAGFLATION, so inflation will rise faster than GDP. Thus, the purchasing power of cash will decline. Then, when they do the CBDC, which they plan to introduce as soon as January 2025, they will cancel all cash, force you to bring it to the bank, and report how much you had to the IRS.
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Why?
FRNs are just government decrees, too. The main difference is permission-lessness. But that’s accomplished through the billions of coins and rounds already in the US. Most FRNs are held by the rich and foreign nationals anyway. Plus meaningful cash was done away with in the 1940s. Most Americans have never even seen cash with meaningful purchasing power (like a $1,000 FRN or a $10,000 FRN).
When’s the last time something important, like a house, was purchased in FRNs? You already are subject to government surveillance and permission on everything from your bank account to your credit card to your utility bill to your license plate to your mortgage.
The FUD about potential future CBDCs in the US context seems to highlight irrelevant issues while ignoring the elephant in the room that massive concentration of wealth and power has already occurred.
There are two elephants and the CBDC one is a raging African Bull.
What is there to beware in 2025 due to CBDCs that isn’t already true of our system?
Gold is the only real money that can be bought with fiat……reeeeee
I would given where country headed consider ammo a very reasonable form of money….,just saying
Ammosexual….
.https://metallicman.com/the-shocking-2025-deagel-forecast-and-remote-viewing-the-future/.
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Deagel depop 2025 vids:
https://www.bitchute.com/search/?query=deagel%202025&kind=video&sort=new
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Great links anonymous.
Having failed to achieve those numbers (except in Australia), I wonder what the backup plan is.
The forecast for Lithuania left me in doubt.
The decline projected is from 3510000 to 2709640.
However, the initial number is wrong, shold be like 2,8 mln.
I am from Lithuania, so I know.
Anyone to comment?
no comment
did you talk about covid lockdowns from there?
Sorry, would you elaborate please?
Just the numbers published versus known.
Lockdowns had not affected the numbers much, if that is what you have asked about.
That’s what they told me about 2024.