In this video, I sit down with author and economic analyst John Sneisen to talk about the recent shutdown of 20 rural Saskatchewan banks. People living in rural communities are "scared" as they watch their local banks shut down as the country falls to digital banking.
This is extremely problematic considering the push towards a cashless society that we at WAM have been warning about for a long time.
While fiat currency is printed out of thin air, devaluing the currency, creating debt and inflation, the centrally planned cashless society manages to be even worse.
If your money's in the bank, it's not yours, it's the bank's. If your money's ALWAYS going through the banks via digital transactions, it's NEVER yours, it's ALWAYS the bank's! This is also a massive infringement on privacy rights as everything you do is tracked. This cuts out any remaining free market left. This truly is the end of freedom.
The cashless society is being touted by globalists throughout the world as they push to implement it into the IMF's SDR (Special Drawing Rights). Following India, China and Australia's drastic moves towards the cashless system, this is not going away any time soon.
Today, only 12% of people in Saskatchewan actually go to a bank and see a teller in person. This trend is headed in a very dangerous direction. Besides, people should learn to get out of the banking system and decentralize. We are at a turning point in history and what we do next makes all the difference.
See the FULL video report here:
Stay tuned for more from WAM! Don't forget to Upvote & Follow! :)
If you like what we do, you can donate to our Bitcoin or Ethereum addresses below!
Bitcoin:
Ethereum:
Thank you, Josh, for WAM. Since I joined Steem I decided to buy it on a monthly basis. Thank you for the wonderful show with John Sneisen. I will be following John @theeconomictruth soon. Looking forward to reading his book.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Josh, none of this news of 20 Saskatchewan banks shutting down being aired here in Vancouver, BC?
"Depositing money into a Bank is a legal method of forfeiture"
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This post has been ranked within the top 80 most undervalued posts in the second half of Jul 11. We estimate that this post is undervalued by $18.04 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Jul 11 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I'm Canadian and Heard that the Big 5 Banks here tried a Blockchain between each other for a Year in 2015. Looks like they're getting ready to roll it out when the time comes. Looks like it's getting closer Every Day.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Nice report dude. Keep it up. Followed ya already
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I don'y like that the elites are trying to ban cash. They are killing the underground economy. If people want to use cash as money they should be aloud. Let the market decide when cash is obsolete.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Always brinin in the value :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Imagine if every person in Saskatchewan would put 5% of their money from their banks in Bitcoin! things would be a little better ;)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@joshsigurdson thanks for sharing this.
I am watching and writing about the rollout of the digital economy and cashless society. Many cryptocurrency enthusiast fail to consider the globalists implementation of blockchain (FINTECH) policies.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It is sad to see more closures. This just means we are getting closer by the day. I am just surprised it is taking so long for something major to take place. I am sure that cashless is coming to the Western world, just don't know when.
This is why I am in the crypto space. Thanks for sharing.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
In Canada I have heard some rumblings that they want to demonetize the $100 and $50 bills. So as a precaution I would recommend that if you hold larger denomination bills in cash, then please exchange those for smaller bills such as tens and twenties. Furthermore, if you really want to mange your risk, diversify out of your bank account into cryptocurrencies, silver and gold. The latter two can even be held offshore in secure vaults. Do some research into reputable companies. Thanks for posting this Josh.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit