Johnny's Cash and The Smart Money Nightmare

"Johnny's Cash and The Smart Money Nightmare" is a video produced by Rich Planet TV, released on October 4, 2022, which presents a fictional narrative warning about the potential implications of Central Bank Digital Currencies (CBDCs), also referred to as "smart money" in the video.

The video uses a dramatized story to illustrate concerns about privacy and government control, depicting a future where a centralized digital currency system allows authorities to monitor and restrict transactions in real time.

The narrative follows a character named John who uses a digital wallet linked directly to the central bank, the Bank of England, for transactions. Unlike traditional banking systems where transactions are settled daily and only the individual bank has visibility, the video claims that a CBDC system would record every transaction in real time on a centralized blockchain, giving the central authority complete visibility into all spending.

The video suggests this system could be used to enforce restrictions, such as limiting spending to a specific geographic area, controlling purchases of certain goods like red meat or sugary foods, enforcing time-limited spending of benefits, or restricting access based on vaccination status or political views.

The video argues that such a system would fundamentally undermine financial privacy and personal freedom, portraying it as a tool for social control rather than a simple monetary upgrade.

It claims that the transition to digital money could be accelerated by economic crises, such as bank failures or recessions, and that cash would eventually be phased out.

The video concludes with a call to action, urging viewers to reject CBDCs and preserve cash to maintain liberty

It is vital that every person understands what the proposed changes to the monetary system will mean. The changes, if allowed to happen, could be the most devastating event in our lifetime and potentially the biggest removal of liberty in modern history.

"Believe none of what you hear and question everything you see" - Richard D. Hall

Richard D. Hall is an electrical engineer, IT consultant, and independent researcher who founded the website Richplanet.net in 2008.

https://www.richplanet.net/richp_genre.php?ref=300&part=1&gen=99