Is it on purpose, or just simple coincidence that the newest version of the classic game Monopoly comes out at a time when academics and central bankers are calling in unison for the end of cash? Because the new Monopoly: Ultimate Banking version is one that is played without cash, and is completely electronic where property, wealth, and taxation is controlled from a central point using a form of debit card as the interface.
After nearly a decade of zero interest rates and tens of trillions in quantitative easing, the economy as a whole has not recovered, and is in fact far worse in many sectors than just before the 2008 credit collapse. And as we have seen in Japan, Switzerland, and Sweden so far, and are not far away from negative interest rates being implemented in the rest of Europe and the United States, the compliment to fulfilling these last resort programs is the ability to regulate all money through a bank, and through electronic systems.
For the most part, the world has grown used to a benign form of electronic banking, where most purchases today are done through credit cards, debit cards, and smart phones. But even these mechanisms have been built around a belief that at any time people could have the freedom to take out cash from their accounts, and even remove it all if they so desired.
Yet this is exactly what governments and central banks fear the most as they get ready to implement a draconian policy that will not only tax your money simply for the ‘right’ to hold it in a bank, but if their fullest measures of removing cash entirely are enacted, would mean you can no longer choose how you spend or save your money, and instead have these choices made for you.
The one possible way to escape this coming program is to remove your money from the corrupted game entirely, and move it into something that both banks and governments cannot touch without the use of physical force. And for many since the beginning of the year, this is being done through the purchase of physical gold and silver, and protecting it via the ‘bank of sealy’, or in mechanisms offshore, and out of the realm of sovereign entities.
Kenneth Schortgen Jr is a writer for Secretsofthefed.com, Examiner.com, Roguemoney.net, and To the Death Media, and hosts the popular web blog, The Daily Economist. Ken can also be heard Wednesday afternoons giving an weekly economic report on the Angel Clark radio show.