Money, Digital ID and Digital currency.

 MONEY SHOULD BE YOUR ASSET

IF YOU NEED PERMISSION, IT IS NOT YOURS

Historically, at least until the late 20th century, money was gold or silver and only represented by a receipt called paper money. For a deeper look at the history of money https://www.blogger.com/blog/post/edit/219171338015504465/828743332419915216. Today we are being bombarded with all kinds of alternative "money" none of which are an asset and increasingly they are not under your control or available for your access or even in your possession. What ever they want to call it is not money. 

The digital revolution has been a miracle of accessibility and innovation. It has made most everyone to have the ability to access the world in information and commerce. While it is a positive development we are now seeing the potential for abuse, particularly from governments and financial players. One example is digital currency, which has no backing of any kind, does not have the ability to ever be in ones possession and could disappear in the push of a computer button. It is touted as an investment and in some instances has increased in value by 100's of multiples, even though it is not accepted for most transactions.

But now governments, who are most likely the creators of digital currency in the first place, are proposing that they can insure it reliability and convenience by making a government controlled form of "MONEY". Again this new currency will not be anchored to any real asset will not be in your possession and can be limited to transactions only approved and permitted by the government. Every transaction can be taxed, cost fees and if you should fall out of favor for any reason can be  frozen or completely destroyed. 

The European community is expected to put digital currency into use by next year. We can expect it will start out as voluntary, but they have already put severe restrictions on cash or even any transaction that is not accompanied by signed statement from both parties as to what is being transacted, even among family members. The United States now have restrictions and limits on gifts or loans and many are subject to tax. Digital currency will be the most aggressive loss of freedom and rights to everyone in the history of government. Presently Europeans are attempting to move assets out of the country and the accompanying restrictions are being increased by the day.

It will all require a digital ID, which seems to be the newest attempt to track, store information and increase the ability of government to control and monitor your life. The so called, "Real Id" is in effect a national Id, something always opposed by rights advocated. This id's feature will be a digital picture that can be scanned and reveal everything about you, from your bank account, family members, medical history, all stored in a government database. This will be sold to increase your convenience and  your security. 

We can expect this ID will evolve into containing QR codes that will be used to conduct financial transactions, permits, registrations and most likely any transactions everywhere. Those who refuse to comply will be cut off from normal everyday living. Systems similar to this are already in use in China, a far larger country than ours.