By Dr. Ileana Johnson Paugh ——Bio and Archives--June 30, 2024

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I am sure that many have heard the expression, cash is king, but did not waste any time thinking about what that means.

The Federal Reserve System (the fed), our central bank system, has control over our money printing and monetary policy, but has no control over the cash in the underground economy, i.e. gambling, drug activity, illegal employment; it is an economic activity that they cannot control and thus our government cannot tax it via its fiscal policy.

The fed publishes the amount of money stock in the economy and control the interest rates values. How accurate is the money stock when one considers the amount of cash that circulates in the underground economy.

The rub of cash for the government is that they cannot tax and control all of it. How can they change that? By issuing digital currency, central banks digital currencies (CBDC), around the globe, and giving bankers the power to control EVERYTHING we and governments do.

Cash is the most liquid form of money and harder to trace and control by the omnipotent government. They measure the quantity of money in our economy as M1 and M2. M1 is the sum of all coins and paper money plus checkable deposits at banks and savings institutions. M2 includes M1 plus shares in money market mutual funds. There is an M3 which includes M1, M2, and all financial institutions.

Then there are near moneys, close substitutes for money, and credit cards which can be counted as what one owes on the credit cards or what their credit line is.

Cash is most liquid and often untraceable, especially the cash involved in........

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