As events in Cyprus, Greece, Brazil, Zimbabwe, and elsewhere in recent years have taught us, the euros or real or dollars or yuan in your bank account are only as secure as the bank that holds them. In fact, the lesson is deeper than that: The money in your bank account is not cash at all, not pieces of paper sitting in a bank vault waiting for you to withdraw them, but mere digital ones and zeros in the bank’s database, capable of being subtracted from your account at a moment’s notice, or even less. Cash that is not in your hand, it turns out, is not cash at all.
As opposed to this system of financial control by a few bankers, heading as it is toward a seemingly inevitable financial collapse that threatens to crash the entire world economy, there are many alternate ideas for facilitating transactions. These alternative systems do not require a resolution to be passed in congress or parliament and do not require any wholesale change in the international financial order. These currencies already exist and are already thriving in numerous localities around the globe.
Join James for this week’s subscriber newsletter as he explores the real way to fight the banksters’ control over the economy.
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