Physical cash will disappear in a decade, replaced by digital currency that governments can freeze or control. The host argues for financial sovereignty: diversifying assets so you're not dependent on any single system. He says this preparation makes sense whether his predictions come true or not.
We are moving more towards a cashless society, right? It's happening. I was reading something recently is that most cash, physical cash, is set to almost vanish from circulation within a decade. Okay, within the next 10 years, Physical cash, gone, out of there. You're not going to have it. And so what that means is that everything is going to be digital. And if everything's being digital, all that has to happen is that can be turned off at any point in time, right? I'm seeming to be clicking a lot, right? Hopefully you get the point, right? Be turned off at any point in time. And this potentially is going to be exasperated at another level with the central bank digital currency. So I want you to think about this. Physical cash is gone. We're in a central bank digital currency. controlled by the government and the big banking system. Basically what that's going to mean, if they want to fine you, they fine you. If they want to tax you, they tax you. If they want to shut down your bank accounts, bank accounts are then shut down. Your access to cash and capital is then gone, right? If they want to hold all the cash and ration it as a universal basic income, there's a possibility for them to be able to do that. So what you really need to be thinking about right now, and whether this happens or not, right, you want to be doing this anyway. What you want to be thinking about right now is how are you going to set yourself up so that you can navigate no matter what happens, no matter what goes on in the future. This is what I call financial sovereignty, right? No matter what comes your way in the future, you can navigate what is going on. You can duck and weave and pivot to make sure that you, your family, and your financial future are going to be safe and secure. And that is just smart business when it comes to your money. It's smart for your future. And no matter what happens, whether everything I'm saying is wrong, Or whether it's right, you should be doing this anyway because it's going to make you more safe. It's going to give you more options. It's going to make you more secure, give you more balanced structure in which you can be able to move from. And when we have that sound base and that sound structure to be able to move from financially, it's going to allow you to kind of operate in life at a far more effective level. So you don't have that worry around the what-ifs of life, right? And that's what we want to be thinking about. And that's as investors, that's what we want to be doing with our money, have that base. So we can handle home base being our life, our time, our money, our safety, the basics of living so that we can then go and do more, be more, create more in the world. So I'd love to know your thoughts. A, have your bank accounts ever been frozen? Have you ever been told, no, naughty boy, naughty girl, you can't go and take that level of money out, you can't do that transaction? Let me know, put some stories in, let me know what's happened to you. Number 2, what did you take out of that? Like, what are you going to do about it, right? Because this financial, like you're setting up, removing this concentration risk, And setting up what you know your financial plans, and that no matter what goes on, you want to be safe and secure. What are you doing to be able to create that in the future? I'd love to know your thoughts. Put in the comments for me. Let me know. Other than that, I think it's usual. Chat soon, team. Bye.
