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The Death of Money

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the evolution of a cashless society cato

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Is this what the death of money looks like? Whatever your thoughts on Harriet Tubman vs. Andrew Jackson, is futzing with currency portraits the priority of the Treasury Dept.? With negative rates the world over, cash is becoming a luxury. Government wants your cash. Bureaucrats will never be satiated no matter how many of your hard earned tax dollars government destroys. It doesn’t respect money. It doesn’t respect the moral high ground that exists between buyer and seller. As far as government is concerned, it is the buyer and the seller. If you don’t like it, tough. The end goal of government is to digitize your cash. And by ignoring the needs of those who have it by focusing on pet projects, government is hastening the death of money.

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E.J. Smith - Your Survival Guy

E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West (RIP JB) and Paris. Please get in touch with E.J. at ejsmith@yoursurvivalguy.com To sign up for my free monthly Survive & Thrive letter, click here.

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