According to Brownstone Research founder Jeff Brown, the economy is ripe for the "Great Reset" being called for by global elites, as the world emerges from the pandemic.
The "Great Reset" is in short a transition into a "cashless" society....which is a scary thought. If we move into a cashless society, literally all monetary assets will be trackable. There will be no more side businesses, selling products for cash or being paid under the table to help out at the family business. Literally everything will have a digital paper trail.
Brown spoke with Breitbart News Editor-in-Chief Alex Marlow about the reset and according to him it is not a matter of "if" it happens, but when.
“If governments around the world could completely remove coins and paper currencies from the markets today, they absolutely would,” Brown said. “And the motivation is really simple: Most of the cash transactions that take place governments can’t see. They can’t track. They have to trust that a business is going to pay taxes on those transactions. They have to trust that somebody that might sell their car in cash is going to report the sale and pay tax on that transaction. But so many of these transactions go unreported. And so there is a very material motivation for governments to be able to see, analyze, track, and tax every transaction.”
The pandemic became a catalyst for “contactless transactions,” as businesses increased the use of phone apps and direct credit card payments in order to limit physical interactions.
“There was a major push to make these things not only simple to use, but also in many cases required to use,” Brown explained.
However, this is “just the very first step” in the Great Reset’s cashless society, he said.
“The next step is to move to a digital version of the U.S. dollar. Some people have referred to this as something like the Fed coin, where we use technologies – specifically blockchain technology – to create a digital version of the U.S. dollar.”
The government – and the IRS in particular – is “deeply motivated” to create a Great Reset cashless economy because such a system lets government officials “track every single transaction,” “see how every dollar is spent,” then “tax every single transaction,” Brown explained.
“It is an ultimate ability for a government to have centralized control over its monetary policy – how it’s distributed and how it’s taxed,” he added.
Yikes. I don't know about you, but I do not want to live in a cashless society and give the government one more way to control and track us.
He also went on to explain ways that people can try to get ahead of the curve and invest accordingly to make money off of the things to come. For the rest of the interview, visit Breitbart News.
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