Novo Resources Corp T.NVO

RE:Cashless bird watchers

[TXRogers]

When it comes to pushing the envelope of deep space Monetary Exploration, the Japanese navigator must first "enter in" the coordinates:
 

https://japantoday.com/category/business/Japan-puts-digital-currencies-on-policy-road-map

 

Tx

TXRogers wrote:

Asia (inclusive of Japan which is really not a democracy either) is leading the West in some aspects, and lagging in others.  But the most critical mandate in Eastern government systems is the tight control of billions of people.  It is a project under constant refinement.  Gold holds favor for governments in the Far East and Eurasia not so much as legal tender, but as the physical backstop to legitimize a much more powerful control system.

https://asia.nikkei.com/Business/Business-trends/Credit-cards-fall-behind-in-Asia-s-race-to-go-cashless

Our recent gang of Western politicians also love the idea of e-money for the same obvious reasons. They dream and seek the same control aspirations.  But the Western politicians face some more serious problems. Western societies lack both homogeneous societies, and autocracy flies against concepts of individual freedoms and fundamental individual rights.

The objective is not to give value to fiat paper.  It is to build faith in a more advanced control structure.  The digits of the e-structure. Once it becomes complete and fully deployed, there is no more need for discussion or to question the banking system. It would be as futile as refusing to eat because you disagree with food prices.

Read it again, folks. The governments of our bankrupt technological societies are all racing towards The Conundrum - the Gold Bug zapper.  The elimination of contraband physical via complete systemic control of the digital.

It's already dawning on some people the costs of such conveniences: 

https://www.techinasia.com/shenzhen-hard-pay-without-app-raising-privacy-concerns/amp/

In these places, the port hole to all things physical: food, utilities, medicine, entertainment, etc. is your handheld electronic device - for now. Physical fiat and gold not accepted.  And one even wonders how long it all remains efficient to keep it "hand held".  

Your digital signature and active network status determines your ability to interact with the physical needs of life.  Your wealth.  They unplug you, then you die. Even with gold in pocket.

That's how I view gold investment at this point.  As an enabler to the next phase, and a destroyer of the previous phase.  It will soon become extremely valuable during this transition.  But I think it will be temporary and then disappear into something that has no more utility for the masses (who will be denied access).

How's that for one big mother-f__king black swan?   We're moving closer and closer to this nasty bird with each passing year.

Tx
 

 

[firewitch]

Thats a powerful post Tx. Your penultimate paragraph may well prove to be prophetic .Not nice at all. Where do you see silver in thIs mother-f__king scenario? Much more difficult to deny access . Hmmmn FW

[TXRogers]

Well FW...silver is physical as well.  So it can succumb to a similar fate. But keep one thing in mind: A type of war is actually underway in my opinion.  Where tools are being used to bring about an intended outcome. The transition to digital is moving quickly.  A process reinforced and encouraged by governments everywhere, that will achieve savored control by the Plutocracy.

[TXRogers]

Just to illustrate a view on: "how goes the war"? I am an admitted gold bug.  But I a reluctant gold bug.  Betting against humanity is not a good long term bet.  It is temporary and opportunistic.  Such is most business. Gold bugs will pound the table expounding on the fact that the large GLD gold ETF has outperformed the S&P500 market SPY ETF over the last

[waitingstill]

So what is your path forward TX? You say gold is just a go between different methods of currency. And if digital currency is coming, are you jumping on board? If not, why not? Or are you waiting until it is further along? Or do you think there is any chance that full adoption is not coming, and coming soon?

[TXRogers]

My path forward?   Same as the rest of us.  Digital currency is not coming.  It's HERE now.  How many times do you use paper or coin to purchase something?   What we are discussing is not the presence of digital currency.  We are actually discussing the likelihood of its complete and full spectrum dominance.  With no practical alternatives allowed outside

[TXRogers]

Oh...And I also own CIBR.  Have for a long while. Tx

[TXRogers]

https://youtu.be/oADlQPJ_Zfc  

[TXRogers]

And here we go.   The best way to eliminate any possibility of a bank run is to simply eliminate cash, and the ability for people to keep money outside the banking system.   Everything you buy, beg, borrow or steal ... we'll be held inside a banking mainframe computer. BOJ to begin experimenting with digital currency next year. https://www.reuters.com/article/japan-economy

[MadMaxine]

Whats the difference between a cbdc and a number in your electronic bank account Tx? Any? Other than you can go to a bank counter with a suitcase in one and they give you a usb chip in the other?? M

[TXRogers]

The difference in physical cash and a cashless digital unit is the option of storage. The cash does not have to be kept in bank. The digital unit will never leave the banking system. Digital fiat will NOT be withdrawn on any portable medium such as a stick. All purchases will be handled via a phone App or computer terminal as a debit or credit transaction through the banking system computers. Your

[TXRogers]

[TXRogers]

For those of you that seen this personally (as I have), you will see how far the West is falling behind. And you will understand the eventual Black Swan for gold. This will be the last big run. Tx

[Blutou]

Everybidy scooped up into the same big bag.  We all know banks & Gov't want to try it, force it, because it is mainly good for them as an extreme measure of control.  We all become a number on the big computer in the sky-- so much easier to manage their view of the world.  Thanx, but no thanx.  Blutou over & out

[ValuePro]

At 14-years old, I used to listen to Radio Moscow on my Heathkit shortwave radio.  I recall them repreatedly talking about working toward a cashless society even then.  However, their idea of a cashless society meant that if you want bread, you just went to the "store" and got it for free.  Medical care was free too in that regard as well as would be everything else. 

[MadMaxine]

Well that all sounds like fun. Tks. MM

[ValuePro]

Yeah, but this just might contribute to a further evolution of "real" exchanges of goods and services via hard money.  If my plumber will accept a handful of silver coins over digital currency, he wins as the deal becomes part of a growing underground economy escaping many levels of surveillance and taxation.   Of course, as this concept spreads, many people will be trapped in

[TXRogers]

Even in Asia, people are fully aware : https://www.techinasia.com/shenzhen-hard-pay-without-app-raising-privacy-concerns But there has been no stopping it.   The possession of physical PMs doesn't help you because gold and silver is not accepted as the medium of exchange in everyday life.  Only the government sponsored digital fiat system is functional. And only the government

[TXRogers]

I believe Gold and other PMs will soar as the current financial system comes apart.  Because of the speed in which the lack of faith in the system spreads among the populace. Probably for the last time. What is described above - the digital fiat model rapidly growing throughout Asia - will be the foundation of The Reset. It will be an interesting decade ahead of us.  With likely

[Harmoniica]

Told ya Tx. Cheeseburgers is the way to go.  H

[TXRogers]

Yep.  With real beef.  And real cheese. All you have to figure out is where it can all be gotten. Tx

[TXRogers]

By the way... I thought "mitballs" tickled your fancy.  Or did they suddenly turn into $hitballs under closer examination? Diets can change so fast. Tx

[Harmoniica]

A mitball that hasnt had his first shave is hard to digest Tx.  H

[ValuePro]

Respectfully, I disagree.  The more controls there are on how people receive and spend fiat money, the more will the underground economy accelerates in growth.  It will be like Prohibition from 1920-1933 in the US where more people consumed more alcohol simply because it was against the law.  China is another matter.  There you have people who are culturally and socially

[TXRogers]

  Maybe so, VP.  But it's NOT just China.  South Korea, Japan , Singapore, etc are all following suit unabated.  And more are following.  Fast. And with it all, wealth is growing and transferring from West to East.  And so are information, cyber security, and network technologies. The only thing the West is doing at this point is desperately trying to catch

[ValuePro]

Thanks for expouding on your opinion.  I agree with some of it. As to "crypto", I have to disagee quite strongly.  I looks to me as nothing more than a version of mult-level market in which those who are late getting in will compose the mass of very big losers.  Maybe, just maybe it made some sense when there were fewer option in this area but how many thousands are there

[TXRogers]

Well VP, I think tulip bulbs actually have intrinsic value. Here was a previous post on the crypto matter: https://stockhouse.com/companies/bullboard?symbol=v.nvo&postid=31317035 Check out the video in that post.   How would ever know if you get tagged with tainted e-merchandise?   It's all traceable.   And it can be all be stopped as easily as it's tracked.

[TXRogers]

Wrote the above back in 2019.    We're almost there.  Are you prepared? I'll bet most are not. Tx  

[ronreagan]

An excellent perspective, as usual.