4 ms·
money is a (the best?) system of control. 10% ($6 trillion) of US dollars is physical cash or coins(1). Government authorities cannot exert control of this mo
by jpadkins 5y ago
money is a (the best?) system of control.
10% ($6 trillion) of US dollars is physical cash or coins(1). Government authorities cannot exert control of this money supply unless they have physical control of the person / property (seized assets, found all the hidden caches). Cash is used when tracking & tracing is undesirable like contraband or political corruption(2).
So if those in power / government wishes to have total control of a population, then they need 100% of money to be in centralized databases. In that scenario, if someone does something illegal or not favorable to those in power (i.e. whistleblowing), then they can be completely shut out of the economy even if they evade arrest.
1) https://www.ngpf.org/blog/uncategorized/question-percentage-money-supply-physical-coins-currency/ https://www.ngpf.org/blog/uncategorized/question-percentage-...
2) page 22 https://cybercemetery.unt.edu/archive/sigir/20131001080029/http:/www.sigir.mil/files/learningfromiraq/Report_-_March_2013.pdf https://cybercemetery.unt.edu/archive/sigir/20131001080029/h...