"The beginning of wisdom is to call things by their proper name."
-- Confucius
So let us begin with facts: western governments are broke and out of control, and the financial system is about to collapse.
Hoping that "somebody" will fix the problem is extremely naive and dangerous. The situation is so dramatic that there is no fix. As usual, politicians will continue to kick the can down the road to buy some time. But it won't work. The entire financial system will have to be reset.
Before taking preventive actions, there are two important things one should keep in mind:
Politicians do not care about citizens. They do what they do for personal gains (political, financial, to satisfy their ego, to please the Deep State, etc.). So don't think one second that they will do anything to help you. For them, citizens are just milk cows, fiscal slaves.
There is no such thing as a fair balance between the fundamental rights of the individuals and the state's interests. The state is both judge and party, and enforces laws that politicians have created to their own advantage, including the right to plunder (taxes) and to kill (wars).
Ron Paul said that "there is nothing more dangerous than a broke and desperate government". Historically, this is absolutely true. This will not be different this time, and we have to be prepared.
If you keep your money in a bank account, you have no chance to escape. Legally speaking, a bank deposit is a loan to the bank. So your money is no longer under your control. The government can tax you, and the bank can steal your deposits overnight (cyprusization). Of course, everything will be “legal”, because they will make the laws that they need to rob you blind (bail-in laws in western countries, civil forfeiture in the US).
Same thing if you have “paper gold”, real estate properties, etc. Everything that is registered can be taxed, confiscated, or stolen, no matter what name we give it.
Governments have started a war. Not against drugs, terrorism, or any other alleged thread. A war against their citizens. A war against you. They need you as fiscal milk cows. So they are step by step removing any option to keep your money outside of the financial system, in order to better track and tax you. For example, government minions are actively promoting the elimination of cash, so that authorities would know exactly what you are doing with your money, and where to find it.
As usual, mainstream journalists, so-called economists (including a few Nobel Prize winners), media-lobotomized voters, and other “useful idiots” will find that OK, but many people get the gut feeling that the shit is about to hit the fan.
The Internet is full of people complaining about the permanent destruction of freedom, privacy and now wealth. But complaining is not enough. We have to take action. Now! Fence sitting is no longer an option. As things will continue to unfold, we will reach a point where we have to make a major decision: stay compliant and be “legally” plundered by the State and their friends, or escape the system and stop complying with their laws.
If you still think that your are a free citizen in a free country, no action is required. But if you don't want to be at the mercy of corrupt politicians, bureau(c)rats and banksters, the first and most important step is to escape the centrally planned monetary system to be out of reach when the “big plundering” will start. It's time for any rational person to have a Plan B. The less the government will know about where you have your money, the better. Remember: we are talking about surviving the next economic storm. It is all about putting your family before your politicians, and preserving what you have worked your entire life to build.
Many experts recommend hoarding physical gold and silver. This is the best wealth preservation strategy at the moment. Unlike unbacked fiat paper, gold and silver are without doubt real and honest money. However, precious metals have two major drawbacks:
- they are impractical as direct payment method for everyday use,
- they are difficult to move, especially abroad.
So, to pay your bills, you will have to convert your gold/silver to … to what?
You will have a huge problem if authorities impose gold confiscation AND a ban on cash. At this point, you will be stuck with your high-valued gold stack, because it will be extremely difficult for you to sell it. If they “only” ban cash, you will have to sell your gold/silver through the banking system, and you will be trapped.
Let us stop beating around the bush: you have no moral obligation to obey rulers who wage war against you. As said above, your moral obligation is to protect your family and your wealth, not corrupt politicians, banksters, or any other class of parasitocrats.
When things will get really ugly – it might be very soon! -, you will need portable, untracable and easy to move assets.
Crypto-currencies are the solution. Crypto-currencies are extremely flexible, easy to store and to move, and are not created out of thin air by central banksters. Crypto-currencies are pseudo-anonymous (Bitcoin, Litecoin, etc.) or anonymous (Monero, Dash, Zcash), and, when used properly, cannot be confiscated or frozen. Crypto-currencies are in fact an excellent way to subvert capital controls, negative interest rates, predatory taxation, ban on cash, and bail-ins/outs.
While gold and silver should be seen as long-term instrument for wealth preservation, crypto-currencies are the right tools to combat legal plunder. Additionally, crypto-currencies greatly threaten the banks' monopoly over the creation and transfer of money. Two excellent reasons to use them!
We will write more about crypto-currencies and how to use them in a next post, so stay tuned!
SoftPark Technologies Corp. is a cryptocurrency technology company based in Belize which develops and operates the Pueblo and eDigiCash web-based services.