RE: Cryptos are a Sure Bet! Which is why they're a Trap...
Another great post. Makes me think.
Remember the Proles in Orwell's 1984? When it gets as bad as you envision, some of us will simply become Proles. "The animals and the Proles are free." Wikipedia has a good synopsis.
I'm kinda there. I work for cash. I have no credit. I live low, grow most of my food. And I live a life that is about as free as one can be within a police state.
If fiat is no good and precious metals are no good and cryptos are heavily monitored and taxed, then we Proles will have to barter. That's why I'm buying a medium-size fractional still. If you think people are unhappy now, wait until the dystopia you're envisioning. High quality booze not only numbs the reality of your slavery, it's fuel, it's a disinfectant, it's a wonderful solvent: Infinitely tradable. You can even make Molotov cocktails! The Whiskey Rebellion all over again. Like the Dukes of Hazard. Woooeee-ha.
That is damn good thinking!
I also tend to barter a lot. I've been doing odd jobs for the little old ladies (and some not so old ;)) in exchange for chocolate chip cookies. I haven't had a bank account for over seven years now, and, while there are drawbacks, I don't have to worry about hackers anymore.
They're after more profitable targets.
We still have to worry about hackers on Steemit. But we're playing for tokens here, not money.
Banks are the least safe place to put money. The government can steal it electronically, the bank can declare a "holiday" and the longer it sits there the less it's worth. What a scam!
I do appreciate the clarity of your insight and I truly understand the complexity of the fix we're in. We're nearing a turning point in history, and if we're lucky, the pendulum will swing back towards liberty. Unfortunately, the psychopathic mindset is unrelenting and they will do everything within their considerable power to keep from losing control. These are indeed "interesting times" in the Chinese sense. I guess we'll see what happens next.
Given how fractional reserve banking works, I note that any deposit I make enables the bank to loan out 9 times as much money as I let them play with.
I am not enabling this fraud!
Glad to know a man of honor. You can't defeat the dragon by feeding it.
Fortunately for your opinion of me, my poverty of means handily facilitates my declaration of principle =p