DTube - PANIC As Puerto Rico Faces Cashless Disaster! - What You Need To Know
Another video for DTube!
See the original article below:
Josh Sigurdson breaks down the recent panic in Puerto Rico following Hurricane Irma, Jose and Maria as the island faces an electric failure.
The out of date government run electric grid in Puerto Rico went down following one hurricane after another. It's no surprise as Puerto Rico has been bankrupt for years and people have been fleeing the country in large numbers before the hurricanes even struck, but this electric failure has proven something that many have warned of for a long time... In the centrally planned cashless technocratic future, if the grid goes down, people will be scrambling to survive.
Recently, the Federal Reserve flew a massive undisclosed amount of money to Puerto Rico as no one was able to use ATMs or fill payrolls.
There were some ATMs powered by generators but they were highly in demand as people lined up for blocks in the hot sun to use it.
But this panic isn't even cracking the surface of the dangers of a cashless system.
If your money's in the bank, it's not yours, it's the bank's. If your money's always going through the bank via legal tender laws and centralized digital transactions, it's never yours, it's ALWAYS the bank's and you're essentially enslaved to the banking system.
You will be tracked everywhere you go through every transaction you make. There can be no runs on the banks.
Bail-in regimes become more dangerous as depositor bank accounts are robbed.
The idea of a centrally planned cashless society is to gradually bring the world into a global cashless system through the IMF's SDR (Special Drawing Rights) world currency.
The push has become vast in places like China, India, Australia, Sweden and to a large extent in Canada and even the U.S. under M0.
Centralization is a control mechanism to push the populace into debt servitude.
Ron Paul has been calling out this incremental push on Facebook and elsewhere.
The central banking system is desperate right now as they attempt to push interest rates higher so they can drop it out as the dollar crashes, but they will not succeed and they will have to go negative at the rate they're going at today. So they're desperately trying to implement a cashless system as soon as possible to basically veto the crash and fall into a global cashless system. The IMF is already looking to move to Beijing, China in the coming years.
This is all happening very fast and it's up to individuals to be financially responsible and break free from it. Self sustainability is key. The centrally planned cashless system is not Bitcoin or Dash, it's the opposite. It's centralized. So a power failure is the least of the problem.
Stay tuned for more from WAM!
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I think one way to protect against such a scenario is for everyone to have solar panels everywhere. A country like Puerto Rico, which has plenty of sunshine around the year, is a perfect candidate for solar-powered crypto infrastructure like ATMs, miners and merchant POS terminals.
The entire island could go solar+crypto and prosper!
Yes but that makes too much sense. It may not happen.
It's funny that one of the main criticisms of crypto currency I hear is "What happens if the power grid goes down or the government turns the internet off?" Of course the likelihood of that happening is quite low but I guess it has actually happened in Puerto Rico.
This is one of the reasons I am a prepper and also diversify my investment holdings. You never know what curve ball life will throw at you and not all SHTF scenarios are end of the world or involve zombies.
Cryptocurrency is great and I think it will just continue to become more main stream in the future but it is never a bad idea to have some emergency cash and a small amount of precious metals (A few rolls of silver dimes are great!). I bet even canned goods would be a useful barter item in Puerto Rico right now.