Powerful forces are threatening your financial freedom. All over the world, including in the United States of America, governments, certain academics, banks and non-governmental organizations (nonprofits) are working in a coordinated way to stop you from using cash.
Bitcoin is a new form of money that many people are excited about, but it is not cash.
How much money is there in the United States, and how much of it is physical cash? According to the Federal Reserve, "There was approximately $1.70 trillion in circulation as of January 31, 2019. This figure includes Federal Reserve notes ($1,655.2 billion), U.S. notes ($0.2 billion), currency no longer issued ($0.2 billion), and coins outstanding ($47.2 billion)" [1.3]. The key here is "in circulation." Currency in circulation refers to U.S. coins and paper currency in the hands of the public. That means it’s not in the bank: it's in your wallet, in a cash register, under your mattress, or buried in your back yard.
According to the New York Federal Reserve Board's web site: "... as much as two-thirds of U.S. currency in circulation may be held outside the United States....
About the Author
David McRee (St Petersburg, FL) is a Certified Public Accountant with a specialized practice advising small tax-exempt organizations, particularly in the area of IRS penalty abatement. David is happy to have kept more than one million dollars in fines and penalties out of the hands of the IRS and in the hands of small charities where it belongs. He is a strong supporter of individual liberty, independence, entrepreneurship, free-market capitalism, and family.
Great read! The powers that be want to go to a cashless society obviously for more reasons than one, but mostly so that they are able to track EVERYTHING we buy and therefore, everything we ultimately own. People who use cell phone apps to pay for everything and anything are playing right into the hands of these controlling powers. Not bad enough that they track our credit card use, but now cell phone apps...