Of Course They Want to Control Your Money

The basic economic principle of the Spherical Model is that the one who earns the wealth gets to decide how to spend it.

As a reminder, let’s review what wealth is:

Wealth represents the accumulation of the results of labor.

In a simple economy, it’s whatever is left over beyond the effort to subsist. For example, it is the part of the rice harvest set aside for a future day.

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Money is a representation of that wealth, for convenience in trading one’s surplus labor for whatever of value someone else has. It’s a convenient way to exchange the fruits of our labor—or to exchange our labor for fruits.

Here’s another economic principle:

Problems of the economy as a whole always result from

interference in the exchange of labor.

Governments don’t create wealth. The proper economic role of government is to protect property, or wealth. It can include setting up a standard for exchange—the money—that will maintain even value. Protecting against monopolies or unfair business practices—things that interfere in the exchange of labor—would also be part of that proper role of government. Other than that, governments ought to get out of the way and let the exchange of labor happen freely.

But governments, being power, tend to never be content with their proper role.

What happens when governments interfere, say, by printing more money that is not based on value? The symbolic value of each dollar printed goes down—meaning it will take more dollars to equal the value of labor—the good or service—being exchanged. That’s called inflation. And it has been happening a lot lately. It’s especially painful for those without a great store of wealth, who are eking out a living, producing just enough value to get by—and suddenly everything they need to exchange for requires more of their labor.

So, that’s what money is.

What happens when the money—the symbol used for wealth exchange—changes? In and of itself, a change in what is used for exchange isn’t necessarily bad. People can exchange whatever they are willing. Between nations, people work out an exchange rate and exchange one currency for another all the time, as you do when you travel to a country with a different currency.

A voluntary alternative that has been popping up is digital currency, based on blockchain technology. The challenge comes when a digital currency intersects—gets exchanged—with another type of currency, such as the dollar. As long as people are willing to exchange their digital currency for their products and services, they can set the price based on the value of that currency. But once they turn their digital wealth into “hard currency,” they lose some of its attributes.

The attributes of the most successful digital currencies—Bitcoin is the most well-known—are privacy and decentralization. There is no central Bitcoin bank; it is “mined” from numerous diverse points. This is much like the creation of value itself, being created by individuals wherever they reside and work. Another attribute is the convenience of online exchange, rather than physical exchange.

But governments—you know, the ones who like power and never keep themselves limited to their proper role—see digital currency as the exact opposite of what it has been created to do. And let’s include the global power elites, beyond national governments. These global power elites want to make digital currency centrally created and controlled. So, no decentralization or privacy, only “convenience.” But the convenience—or access at all—will be controlled at their whim. And isn’t that a great power to have over people? “You do as I say, or you don’t get access to your money for food, shelter, or anything else.” Convenience only if you’re willing to submit to their coercion.

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You should probably become familiar with the acronym CBDC; it means Central Bank Digital Currency. Governments are trying them out around the globe. Our country is not an exception. Right now the Federal Reserve is conduction a 12-week trial of a CBDC. What are the odds that they’ll come back and say, “Well, now we know that’s not going to work”? The next step is to replace cash and force people to use their digital currency—so that they can monitor and control our earning, spending, and saving.

Last March, 2022, Biden gave executive order 14067: “Ensuring Responsible Development of Digital Assets.”  The stated goal is to protect assets of Americans, because of the inherent risk of digital assets. Right now, left mainly unregulated, the decentralization keeps any cybersecurity threat from taking down the system; so let’s put this all in one nationally controlled pot, because, according to power monger philosophy, that makes sense.

Governments have taken assets from citizens before. In India in 2016 the government did this by removing its 1000 and 500 rupee notes from circulation with only 48 hours notice, creating chaos throughout India and destroying the life savings of millions of their citizens.

In Cyprus the government did this by “bail-ins,” which I think would be better described as bailing out the banks by using the depositors’ funds. Our government could be described as doing this in part in 2009 when it “temporarily” took over several companies, closing down franchises and thus taking the wealth of many family-owned businesses supposedly for the sake of saving the larger corporation.

CDBC would make this confiscation and control of our personal finances much easier. It would even facilitate implementing ESG scoring or other politically motivated socialist ideas.

But they first have to get people to use the digital currency. That is made easiest when they make it the only option.

States, as well as other nations, are coming up with legislation to fight this economic attack. Here in Texas, the legislation meets from January through May in odd-numbered years. So it is underway now. We’ve been waiting for committee assignments to be made, which happened last week, so that bills could be assigned to committees and hearings for bills could get underway.

In the previous sessions, in 2021, a bill to require acceptance of cash and cash substitutes was proposed by then-House Representative Tan Parker (it was HJR 100 that session); he is now a state senator and has committed to proposing the bill again, with State Representative Gio Capriglione filing a companion bill in the House. The intention that session was to add the Right to Use Cash and Cash Substitutes to the Texas Bill of Rights. This would keep the federal government from preventing the use of cash or barter, or other digital currencies that are not government centralized. An argument against this legislation in the past has been that some businesses refuse to accept cash for safety reasons; if there’s no cash to rob, their workers are safer. There could be exceptions granted to certain types of businesses for those reasons. But that shouldn’t be an excuse for putting the rest of us in danger of government control over our ability to buy and sell.

I’m not sure whether I have found those bills; they might be SB 770 by Parker and HB 1666 by Capriglione. Reading them, and not understanding digital currency well enough, it looks to me like this is to protect investors in digital currency from the kind of shenanigans done by the fraudster Sam Bankman-Fried. If I understand right, SBF’s digital currency, called FTX, was centralized, not decentralized. And he drew funds and comingled them, in short, loaning to himself using other people’s money, and spending it like crazy until he was caught. A bill to protect against that is probably important. But I don’t see yet how these bills prevent government from forcing the use of its CDBC. Maybe there’s another set of bills to come.

We’re a quarter of the way through the session, still waiting for filed bills to be assigned to committees (some Senate bills started being assigned Wednesday, but no House bills have been assigned yet). And we have a great many other important priorities. Three of the Legislative Priorities that came out of last summer’s state convention are tightly related: Parental Rights, Stop Sexualizing Our Kids, and Ban Gender-Modification of Minors. Those are important. Election Integrity and Border Security are also high priorities. And the opposition can do a great deal of damage between now and 2025.

But this extra issue is also important—unless it doesn’t bother you that some coercive force far away determines everything about your money and how/whether you can use it.

It’s always hard to know where to spend time when, because of the evils we’re facing, everything seems to be a high priority. On this issue, today, what I can do personally seems very small, but I hope I am raising awareness just a bit, and maybe that will have enough effect, with God’s protecting help.

 

Resources:

·      “Right to Use Cash and Cash Substitutes” Tom Glass for Texas Constitutional Enforcement.  

·      “The Great Reset and Real Solutions to Stop It Now!” Economic War Room with Kevin Freeman interviews Glenn Beck, episode 176. 

·      The Great Reset, by Glenn Beck, ©2022. 

·      “Digital Dollar’ Begins in US; G20 Used to Advance Great Reset” Joshua Phillip on Crossroads for EpochTV, November 21, 2022. 

·        “It’s ‘IMPERATIVE’ you understand THIS about ESG and WEF” Glenn Beck, February 6, 2023. 

·      “States Where Cash Must be Accepted: Reviewing Legislation” by Tony Sacks for Count-Money.com, November 12, 2021. 

·      “Sweden: How to live in the world's first cashless society” video by Interesting Engineering, December 26, 2019.