FAST FIVE: The Dark Side Of The Cashless Society
“We are working with the Mint and the Reserve Banks,” Mr Powell contends.
But there's another angle to the cashless society that hasn't gotten much attention: What if the powers that be can “cancel” people with unpopular political opinions.
But what if, hypothetically again, that card doesn't work because their dad is an ornery son of a b$tch who got in a spat with some readers over the Black Lives Matter movement- and some government bureaucrat didn't like what I said.
That is, what if suddenly my EIP card doesn't work at Walgreens anymore.
Gold is perhaps the best defense against negative interest rates and the cashless society.