Currency In the Year 2025

As I awoke this morning, Weekend 1 June 2025, from stressed dreams, I found the insect-sized sensor implanted in my arm was already awake.

We call it a ‘bug’. US citizens have been required to have them since 2022 to gain access to government health care.

The bug understood from its biometric monitoring of my brain wave frequencies and rapid eye movement that I would awake momentarily. It was already at work launching systems, including the coffee maker.

I could smell the actual coffee brewing in the kitchen. The information screens on the inside of my panopticon goggles were already flashing before my personal eyes.

Images of world leaders were on the screen. They were issuing claims about the fine health of their financial systems and the advent of world serenity. Citizens, they explained, required to work in accordance with the ” new world ” Order Growth Plan to maximise wealth for all.

I knew this was propaganda, but I couldn’t ignore it. Removing your panopticon goggles is viewed with mistrust by the neighbourhood watch committees. Your ‘bug’ controls all the channels.

I’m mainly interested in economics and financial, as I have been for decades. I’ng told the central authorities that I’m an economic historian, so they’ve given me access to records and information that they deny to many citizens in the name of national economic security.

My work now’s only historical, because marketplaces were abolished after the Panic of 2018. That was not the original intention of the authorities. They designed to close markets ‘temporarily’ to stop the stress, but once the markets were shut, there was no way to reopen them without the panic starting once again.

Today, trust in markets is completely gone. All investors want is their money back. Authorities started printing money following the Panic of 2008, however that solution stopped working through 2018. Probably because so much had been printed in 2017 under QE7. When the actual panic hit, money was viewed as worthless. So marketplaces were simply closed.

Between 2018 as well as 2020, the Group of 20 major powers, the G-20, abolished all currencies except for the US buck, the euro and the ruasia.

The All of us dollar became the local currency in North and South America. European countries, Africa and Australia used the euro. The ruasia was the only real new currency — a combination of the old Russian ruble, Chinese yuan and Japanese yen — and was adopted as the nearby currency in Asia.

There is also new world money called special sketching rights, or SDRs for short. They’re used only for settlements between countries, however. Everyday people use the dollar, euro or ruasia for daily transactions.

The SDR is also utilized to set energy prices so that as a benchmark for the value of the three local currencies. The World Central Bank, formerly the actual IMF, administers the SDR system under the direction of the G-20. As a result of the set exchange rates, there’s no currency trading.

All of the gold within the world was confiscated within 2020 and placed in a nuclear bomb-proof vault dug into the Swiss Alps. The mountain vault have been vacated by the Swiss military and made available to the World Central Bank for this purpose. All G-20 countries contributed their national gold to the vault. All private precious metal was forcibly confiscated and put into the Swiss vault too. All gold mining have been nationalised and suspended on environmental grounds.

The purpose of the Swiss vault was not to have gold backing for currencies. It was to remove gold from the financial system completely so it could never be utilized as money again. Therefore, gold trading ceased because its production, use and possession were banned. Through these means, the G-20 and also the World Central Bank control the only forms of money.

Some lucky types had purchased gold in 2015 as well as sold it when it reached US$40,000 per ounce in 2019. By then, inflation was unmanageable and the power elites knew that confidence in paper currencies have been lost.

The only way to re-establish control of money was to confiscate precious metal. But those who sold near the top were able to purchase property or art, which the authorities did not confiscate.

Those who by no means owned gold in the first place saw their savings, retirement incomes, retirement benefits and insurance policies turn to dust when the hyperinflation began.

Now it seems so obvious. The only way to preserve wealth with the Panic of 2018 was to have gold, land and fine art. But investors not only required to have the foresight to purchase it…they also had to be nimble enough to market the gold before the confiscation in 2020, and then buy more land and art and hang about it. For that reason, many lost everything.

Land and personal property were not confiscated, because much of it was required for living arrangements and agriculture. Personal property was too difficult to confiscate and of little use to the state. Fine art was lumped in with cheap art as well as mundane personal property and ignored.

Stock and bond trading were stopped when the markets closed. Throughout the panic selling after the crash of 2018, stocks were wiped out.

Too, the value of all bonds were wiped out in the hyperinflation of 2019. Governments closed stock as well as bond markets, nationalised all companies and declared a moratorium on just about all debts. World leaders at first explained it as an effort in order to ‘buy time’ to come up with a plan to unfreeze the actual markets, but over time, these people realized that trust and confidence had been permanently destroyed, and there was no point in trying.

Wiped-out savers broke out in money riots soon after but were rapidly suppressed by militarised police who utilized drones, night vision technology, body armour and electronic monitoring. Highway tollbooth digital scanners were utilised to spot and interdict those who tried to flee by car.

By 2017, the US government required sensors on all cars. It was all too easy for officials to turn off the motors of those who were government targets, spot their locations as well as arrest them on the side of the road.

In compensation for citizens’ wealth having been ruined by inflation and confiscation, governments dispersed digital Social Units known as Social Shares and Sociable Donations. These were based on a person’utes previous wealth. Americans below a certain level of wealth obtained Social Shares that titled them to a guaranteed income.

Those above a certain level of wealth got Social Donation units that required them to give their wealth to the state. Over time, the result would be a redistribution of wealth so that everyone experienced about the same net worth and the exact same standard of living. The French economist Thomas Piketty was the principal consultant to the G-20 and World Central Bank on this project.

To facilitate the gradual freezing associated with markets, confiscation of wealth and creation of Social Units, globe governments coordinated the elimination of cash in 2016. The ‘cashless society’ was offered to citizens as a comfort. No more dirty, grubby cash and bills to carry around!

Instead, you could pay with smart cards and mobile phones and could transfer money online. Only when the removal of cash was complete do citizens realise that digital money intended total control by federal government. This made it easy to adopt former Treasury Secretary Larry Summers’ idea of negative interest rates. Governments simply subtracted amounts from its citizens’ bank accounts each month.

Without cash, there was no way to prevent the digital deductions.

The government could also monitor all of your transactions as well as digitally freeze your account if you disagreed with their tax or financial policy. In fact, a new category of hate crime for ‘thoughts against monetary policy’ was enacted by executive order. The penalty had been digital elimination of the wealth of those guilty of dissent.

The entire procedure unfolded in small stages so that investors and citizens barely noticed before it was past too far. Gold had been the best way to preserve wealth from 2015-18, but in the end, it had been confiscated because the power elites understood it could not be allowed.

First, they eliminated cash in 2016. Then they eliminated diverse foreign currencies and stocks in 2018. Lastly came the hyperinflation of 2019, which wiped out most wealth, followed through gold confiscation and the digital socialism associated with 2020.

By last year, 2024, free markets, private property and entrepreneurship were things of the past. All that remains associated with wealth is land, fine art and some (illegal) gold.

The only other valuable assets are person talents, provided you can deploy all of them outside the system of state-approved work.

Regards,

Jim Rickards
for Money Morning

James G. Rickards is the strategist for Strategic Intelligence, the newest newsletter from Port Phillip Publishing. He is an American lawyer, economist, and investment banker with 35 years of experience working in capital markets on Walls Street. He is the author of The New York Times bestsellers Currency Wars and The Dying of Money. Jim also can serve as Chief Economist for West Shoreline Group.