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For modern shoppers, cashless payment methods may seem like a convenient and secure option.

But if you want to avoid common risks like credit card fraud and digital systems that are vulnerable to cyberattacks, cash will always be king.(h/t to SHTFPlan.com)

In the U.S. and other economies that have legal tender laws, only cash is recognized as money. While others think that the balance of their bank accounts is money too, that is not quite the case. After all, your bank balance is one step removed from legal money.

All banks must maintain minimum balances of reserves in cash held either in their vaults, which makes up only a very small amount, or in their “reserve accounts” with their local Federal Reserve Bank branch.

These reserve account balances maythen be converted to real money, or cash, at your bank’s discretion. But the total cash in the U.S. economy also includes cash held outside the banking system, such as the money in your wallet or an emergency money cache hidden at home.

The total of bank reserves and the cash held outside the banking system is called the monetary base, but it is different fromthe money supply.

Most of the money supply is made up of bank credit not backed by reserves. When banks make loans, they credit your account, which becomes bank credit money. This money was created by the bank “out of thin air.”

Keep in mind that the banks did not create reserves, only credit money, which is not the same thing.

As of July 2023, the monetary base in the U.S. was $5.5 trillion, while M3 (the total bank credit money) was $20.9 trillion.

This means that if everyone demanded real money or cash, the banks would only be able to honor around one-fourth of all requests. This highlights the fact that the possibility of your bank failing is real, especially since more than 9,000 U.S. banks failed during the Great Depression of the 1930s. What are the risks of electronic payments?

Cash is important because being ableto hold real cash, not just bank balances accessible by check or electronic means, protects you from the potential infrastructure problems linked to an electronic system but also from the sudden seizure of all or some of your money.

As a prepper, cash is also preferable because “real” cash isanonymous and your bank account is not. When disaster strikes, you can still purchase essential goods or services as long as you still have money in your wallet or an emergency cache.

If that cash has been eliminated by some legal means and if you have angered the powers that be for whatever reason, such as opposing them and asking others to oppose them too, all banks can freeze your bank account or eliminate it.

In February 2022,the government of Canada froze the bank accounts of everyone who participated in the Canadian truckers’ general strike, along with those who helped them.

This year,British politician Nigel Farage had his accounts closed for political reasons. He also revealed that no other British bank would serve him. Without the means to use money, Farage said he came very close to emigrating.

Imagine if that had happened to you, especially if you weren’t a prepper. You wouldn’t be able to pay for gas for your car. Without cash, you wouldn’t be able to buy groceries or supplies for your emergency stockpile.

Soon after, theBBCformallyapologized to Farage over a story it ran on the closure of his accounts at NatWest’s private bank Coutts, which the former Brexit Party leader correctly said was due to his political views.

The BBC previously reported that the reason for the closure wasFarage allegedly fell below the financial threshold required to be a customer at Coutts.

The Coutts website advises that its clients should be able to borrow or invest at least one million pounds ($1.28 million) with the bank or hold at least three million pounds in savings.

However,an internal review of the bank account obtained by Farage revealed that the private bank’s wealth reputational risk committee had said his values did not align with the bank’s own.

“We acknowledge that the information we reported – that Coutts’ decision on Mr. Farage’s account did not involve considerations about his political views – turned out not to be accurate and have apologized to Mr. Farage,” said the BBC in the corrections and clarifications section of its website. What are the risks of central bank digital currency?

All of the world’s major central banks are currently devising plans to institute central bank digital currencies (CBDC) that they will control. This is very dangerous for the civil liberties of all citizens across the globe.(Related:British activist threatened with arrest for using CASH in cashless Aldi grocery.)

If this becomes a reality,the government would no longer need to seek the cooperation of the banks to freeze your accounts or “debank” you entirely, as the British banking system did to Farage.

With the push of a button, you could loseaccess to your financial accounts and you wouldn’t be able to buy food or supplies.

No government should beallowed to hold such power, which could easily become a life-and-death issue for a bank holder. Yet despite these serious risks,digital currencies are being promoted as efficient and modern.

Don’t be fooled. This is a civil liberties issue and it must be stopped now if you want to retainyour freedom and privacy.

Watch the video below to learn more about the dangers of a cashless society and central bank digital currency.

This video is from theCommunicate channel on Brighteon.com. More related stories:

Digital prepping: How to protect yourself against cyberattacks.

CASHLESS DOWN UNDER: Australia gears up for CBDC rollout, with major banks banning OTC cash withdrawals.

CASHLESS TYRANNY: EU launches testing of biometric payments from digital wallets.

Sources include:

SHTFPlan.com

Edition.CNN.com

TheGuardian.com

Reuters.com

Brighteon.com
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Fourteen children arrested on suspicion of manslaughter over Gateshead fire released on bail

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Fourteen children arrested on suspicion of manslaughter over Gateshead fire released on bail

All 14 children arrested on suspicion of manslaughter after a boy died in a fire have been released on police bail, officers said.

Layton Carr, 14, was found dead near the site of a fire at Fairfield industrial park in the Bill Quay area of Gateshead on Friday.

Northumbria Police said on Saturday that they had arrested 11 boys and three girls in connection with the incident.

In an update on Sunday, a Northumbria Police spokesman said: “All those arrested have since been released on police bail pending further inquiries.”

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Teenager dies in industrial estate fire

Firefighters raced to the industrial site shortly after 8pm on Friday, putting out the blaze a short time later.

Police then issued an appeal for Carr, who was believed to be in the area at that time.

In a statement on Saturday, the force said that “sadly, following searches, a body believed to be that of 14-year-old Layton Carr was located deceased inside the building”.

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David Thompson, headteacher of Hebburn Comprehensive School, where Layton was a pupil, said the school community was “heartbroken”.

Mr Thompson described him as a “valued and much-loved member of Year 9” and said he would be “greatly missed by everyone”.

He added that the school’s “sincere condolences” were with Layton’s family and that the community would “rally together to support one another through this tragedy”.

A fundraising page on GoFundMe has been set up to help Layton’s mother pay for funeral costs.

Pic: Gofundme
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Pic: Gofundme

Organiser Stephanie Simpson said: “The last thing Georgia needs to stress trying to pay for a funeral for her Boy Any donations will help thank you.”

One tribute in a Facebook post read: “Can’t believe I’m writing this my nephew RIP Layton 💔 forever 14 you’ll be a massive miss, thinking of my sister and 2 beautiful nieces right now.”

Detective Chief Inspector Louise Jenkins, of Northumbria Police, also said: “This is an extremely tragic incident where a boy has sadly lost his life.”

She added that the force’s “thoughts are with Layton’s family as they begin to attempt to process the loss of their loved one”.

They are working to establish “the full circumstances surrounding the incident” and officers will be in the area to “offer reassurance to the public”, she added.

A cordon remains in place at the site while police carry out enquiries.

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Football bodies could be forced to pay towards brain injury care costs of ex-players

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Football bodies could be forced to pay towards brain injury care costs of ex-players

Football bodies could be forced to pay towards the care costs of ex-players who have been diagnosed with brain conditions, under proposals set to be considered by MPs.

Campaigners are drafting amendments to the Football Governance Bill, which would treat conditions caused by heading balls as an “industrial injuries issue”.

The proposals seek to require the football industry to provide the necessary financial support.

Campaigners say existing support is not fit for purpose, including the Brain Health Fund which was set up with an initial £1m by the Professional Footballers’ Association (PFA), supported by the Premier League.

But the Premier League said the fund has supported 121 families with at-home adaptations and care home fees.

From England‘s 1966 World Cup-winning team, both Jack and Bobby Charlton died with dementia, as did Martin Peters, Ray Wilson and Nobby Stiles.

Neil Ruddock speaks to Sky's Rob Harris outside parliament
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Neil Ruddock speaks to Sky’s Rob Harris outside parliament

Ex-players, including former Liverpool defender Neil Ruddock, went to parliament last week to lobby MPs.

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Ruddock told Sky News he had joined campaigners “for the families who’ve gone through hell”.

“A professional footballer, greatest job in the world, but no one knew the dangers, and that’s scary,” he said.

“Every time someone heads a ball it’s got to be dangerous to you. You know, I used to head 100 balls a day in training. I didn’t realise that might affect my future.”

A study co-funded by the PFA and the Football Association (FA) in 2019 found footballers were three and a half times more likely to die of a neurodegenerative disease than members of the public of the same age.

‘In denial’

Among those calling on football authorities to contribute towards the care costs of ex-players who have gone on to develop conditions such as Alzheimer’s and dementia is Labour MP Chris Evans.

Mr Evans, who represents Caerphilly in South Wales, hopes to amend the Bill to establish a care and financial support scheme for ex-footballers and told a recent event in parliament that affected ex-players “deserve to be compensated”.

Greater Manchester Mayor Andy Burnham, who helped to draft the amendment, said the game was “in denial about the whole thing”.

Mr Burnham called for it to be seen as “an industrial injuries issue in the same way with mining”.

In January, David Beckham lent his support to calls for greater support for footballers affected by dementia.

One of the amendments says that “the industry rather than the public should bear the financial burden”.

Read more from Sky News:
Woman missing for more than 60 years found ‘alive and well’
Meghan posts new photo of Prince Harry amid backlash

A spokesperson for the FA said it was taking a “leading role in reviewing and improving the safety of our game” and that it had “already taken many proactive steps to review and address potential risk factors”.

An English Football League spokesperson said it was “working closely with other football bodies” to ensure both professional and grassroots football are “as safe as it can be”.

The PFA and Premier League declined to comment.

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Terror arrests came in context of raised warnings about Iran, with ongoing chaos in its own backyard

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Terror arrests came in context of raised warnings about Iran, with ongoing chaos in its own backyard

These are two separate and unrelated investigations by counter-terror officers.

But the common thread is nationality – seven out of the eight people arrested are Iranian.

And that comes in the context of increased warnings from government and the security services about Iranian activity on British soil.

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Counter terror officers raid property

Last year, the director general of MI5, Ken McCallum, said his organisation and police had responded to 20 Iran-backed plots presenting potentially lethal threats to British citizens and UK residents since January 2022.

He linked that increase to the ongoing situation in Iran’s own backyard.

“As events unfold in the Middle East, we will give our fullest attention to the risk of an increase in – or a broadening of – Iranian state aggression in the UK,” he said.

The implication is that even as Iran grapples with a rapidly changing situation in its own region, having seen its proxies, Hezbollah in Lebanon and Hamas in Gaza, decimated and itself coming under Israeli attack, it may seek avenues further abroad.

More on Iran

The government reiterated this warning only a few weeks ago, with security minister Dan Jarvis addressing parliament.

“The threat from Iran sits in a wider context of the growing, diversifying and evolving threat that the UK faces from malign activity by a number of states,” Jarvis said.

“The threat from states has become increasingly interconnected in nature, blurring the lines between: domestic and international; online and offline; and states and their proxies.

“Turning specifically to Iran, the regime has become increasingly emboldened, asserting itself more aggressively to advance their objectives and undermine ours.”

Read more:
Anybody working for Iran in UK must register or face jail, government announces

As part of that address, Jarvis highlighted the National Security Act 2023, which “criminalises assisting a foreign intelligence service”, among other things.

So it was notable that this was the act used in one of this weekend’s investigations.

The suspects were detained under section 27 of the same act, which allows police to arrest those suspected of being “involved in foreign power threat activity”.

Those powers are apparently being put to use.

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