No Cash, No Freedom - Why We Must Save Paper Money

Published: Sat, 08/12/23

This week’s big question is ‘Are we moving towards cash extinction?’ It certainly looks like notes and coins may soon be as dead as a Dodo as more and more banks try to terminate cash. In the past few days a major UK bank NatWest put new limits on cash deposits and withdrawals. And it’s not just the UK you’re seeing pressure to kill cash in many countries around the world in lots of different ways. Some banking boffins say going cashless will be good for society, but others say if we lose cash we’ll end up losing our freedom.

n alarming trend of increasing bank failures has been observed recently, leading to predictions that this could escalate into an international financial crisis. With five major bank failures already occurring this year, including that of Credit Suisse, one of the world's largest banks, it is evident that the situation is becoming more critical. JP Morgan's acquisition of First Republic Bank further exemplifies this trend leaving people like us to wonder if our paper money is safe.

This ongoing financial crisis is distinct from the 2008 global financial crisis, as the problems now arise from different sources. The real estate market is going to significantly impacte this crisis, with property values potentially declining by more than half. This situation will likely lead to further economic instability and difficulties for both banks and individual property owners.

The Federal Reserve has played a significant role in bank consolidation, as the number of banks in the United States has dramatically decreased since its inception. As a result, big banks are expected to continue absorbing smaller banks, with any losses being passed on to consumers, while any profits will go to individuals like Jamie Dimon, the CEO of JP Morgan.

Economic stimulus plans, easy-money policies, and other government spending amounting to tens of trillions of dollars are establishing new currency levels and unmanageable amounts of debt around the world. This is not sustainable.

Until now, we've never seen anything quite like this. Every currency will depreciate in value over time, and every economy will experience high levels of inflation.

There isn't a market where investors may find safety other than in gold and other tangible assets.

Hit the button above and learn more.

I look forward to connecting with you soon!

Sincerely,

David Morgan
Founder, TheMorganReport.com

Information contained herein has been obtained from sources believed to be reliable, but there is no guarantee as to completeness or accuracy. Because individual investment objectives vary, this Summary should not be construed as advice to meet the particular needs of the reader. Any opinions expressed herein are statements of our judgment as of this date and are subject to change without notice. Any action taken as a result of reading this independent market research is solely the responsibility of the reader.

The Morgan Report is not and does not profess to be a professional investment advisor, and strongly encourages all readers to consult with their own personal financial advisors, attorneys, and accountants before making any investment decision. The Morgan Report and/or independent consultants or members of their families may have a position in the securities mentioned. Mr. Morgan does consult on a paid basis both with private investors and various companies. Investing and speculation are inherently risky and should not be undertaken without professional advice. By your act of reading this independent market research letter, you fully and explicitly agree that The Morgan Report will not be held liable or responsible for any decisions you make regarding any information discussed herein.

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