Scary News for the Cash in Your Pocket

Andy Snyder|April 15, 2021

We talk a lot about cash in these essays.

Paper money is a tool of freedom. A fat stash of it creates wonderful security.

Cash allows us to take part in an economy that doesn’t rely on the systems built by others. There’s no transaction cost… no waiting for funds to clear… and, of course, nobody watching from high overhead to ensure what we’re doing has the blessing of our keepers.

It’s that last one that has the folks in charge in such a tizzy these days.

Cash, they say, is the tool of criminals.

Take some recent news out of Beverly Hills.

That’s where a company called U.S. Private Vaults set up shop. It rents safe deposit boxes.

Anybody can get one… no questions asked.

One 69-year-old fella – who refused to give reporters his name for reasons you’ll learn in a minute – rented one and filled it with $60,000 in cash and precious metals.

“You never know what’s going to happen the way the world’s going today,” he said, talking about the security his stockpile gave him.

He forgot about one thing, though.

It’s not the “world” we need to fear… It’s the folks who run it.

The FBI and the DEA just took all of the man’s money… and they have no intent on giving it back.

Guilty Until Innocent

You see, the feds claim two things. They say that many – but not all – of the boxes that were rented out contained illegal items. During their search of the place, they indeed found illegal drugs, guns and stacks of cash.

They also say that the business itself was illegal.

They used that logic to confiscate everything in the building… legal or not.

In order for folks to get their money and their valuables back, they must come to the authorities and prove that they got it fair and square.

It’s a tall task when it comes to a chunk of gold, a wad of cash… or Grandma’s old broach.

The courts are quite busy with this case. At least five folks are suing, claiming their constitutional rights were violated. (Hint: They were!) Even the prosecutors behind it all admit innocent folks were caught up in the mess… but that hasn’t stopped them.

They found a way to go after something they don’t like… and they took it.

Cash Is King

We wish we could write you this morning with a magic solution.

We don’t have one.

But sometimes awareness is the best gift. It’s vital that you know what’s going on. It will allow you to think, act and invest accordingly.

The threat to cash and therefore financial freedom is growing.

We say your best bet is to own a good safe and keep your cash in it… but get it out and use it often.

An economy that doesn’t use cash will eventually get rid of it on its own – without the heavy hand of the government having to get involved.

Soon enough, so few folks will use cash that getting rid of it will bring few cries of pain or oppression. The hard work will already have been done.

We may already be there.

The story out of Beverly Hills proves it. Virtually nobody is talking about it.

We mustn’t let the headlines tell the world that only criminals use cash. If we do… someday they’ll make criminals out of us for using it.

Fight for your freedom by exercising it.

P.S. The next chapter in the death of cash could start on June 16… when the Fed gets together to discuss the fate of the economy and the tools it uses to manipulate it. With just one decision, cash could be outlawed. All the details of what’s happening and what to do about it are here.