Footnotes from The Secret War
[1] Sidney Fussell, "Who Wins When Cash Is No Longer King? It Won't Be the Poor," The Atlantic, December 21, 2018.
[2] Sarah Jeong, "How a Cashless Society Could Embolden Big Brother," The Atlantic, April 8, 2016.
[3] Donna Lu, "Scan Here to Pay," New Scientist, January 12, 2019.
[4] Ben Tracy, "China Assigns Every Citizen A "Social Credit Score' to Identify Who Is and Isn't Trustworthy," CBS New York, April 24, 2018.
[5] Paul Mozur, "Inside China's Dystopian Dreams: A.I., Shame and Lots of Cameras," New York Times, July 8, 2018.
[6] Amelia Heathman, "This Chinese App Tells You If You're Within 500 Metres of Someone in Debt: The App Is Part of China's Vision for a Social Credit System by 2020," U.K. Evening Standard, January 23, 2019; Tyler Durden, "China Starts "Debt Shaming': New App Warns Users If They Are Walking Near Someone in Debt," ZeroHedge, January 22, 2019.
[7] David Samuels, "Is Big Tech Merging with Big Brother? Kinda Looks Like It," Wired Magazine, January 23, 2019; Yuval Noah Harari, "Why Technology Favors Tyranny," The Atlantic, October 2018 issue.
[8] Tom Simonite, "The "Mortal Danger' of China's Push Into AI," Wired Magazine, January 24, 2019; "Soros Calls China's Xi "Most Dangerous' Foe of Free Societies," France24, January 24, 2019; "Soros Warns China Uses Algos to Find Threats to One-Party Rule," Swissinfo.ch, January 25, 2019.
[9] Ibid.
[10] James Roberts, "Opinion: As Maduro's Grip On Venezuela Slips, China's ZTE Helps Him Cling to Power," ZeroHedge, January 27, 2019.
[11] Tanner Greer, "One Belt, One Road, One Big Mistake," Foreign Policy, December 6, 2018; "China Rules: How China Became a Superpower," New York Times, November 18, 2018; James Griffiths, "Are the Wheels Coming Off China's Belt and Road Megaproject?" CNN, December 31, 2018; Maria Abi-Habib, "China's "Belt and Road' Plan in Pakistan Takes a Military Turn," New York Times, December 19, 2018; Tyler Durden, "How China Colonized An Entire Continent Without Firing a Single Shot," ZeroHedge, January 5, 2019; Ben Mauk, "Can China Turn the Middle of Nowhere Into the Center of the World Economy?" New York Times Magazine, January 30, 2019.
[12] Conor Friedersdorf, "The Hubris of Trying to Eliminate Cash," The Atlantic, June 6, 2014.
[13] Jonathan Levin, "New York Fed President Sent Puerto Rico a Jet Filled With Cash," Bloomberg, October 9, 2017. URL: https://www.bloomberg.com/news/articles/2017-10-09/fed-s-dudley-sent-puerto-rico-a-cash-filled-jet-as-money-ran-low
[14] Ryan McMaken, "In A Cashless World, You'd Better Pray The Power Never Goes Out," ZeroHedge, October 11, 2017. URL: http://www.zerohedge.com/print/605093
[15] Jayant Bhandari, "Scenes of Panic In India As Gold Price Skyrockets After Currency Ban," ZeroHedge, November 16, 2016. Page 11. URL:http://www.zerohedge.com/print/577732; Jayant Bhandari, "Gold Price Skyrockets in India after Currency Ban," Acting-Man.com, November 9, 2016. Page 2. URL: http://www.acting-man.com/?p=47768
[16] Tyler Durden, "India Uses Helicopters, Air Force Planes To Deliver Freshly Printed Cash," ZeroHedge, November 21, 2016. URL: http://www.zerohedge.com/print/578326
[17] Norbert Haering, "A Well-Kept Open Secret: Washington Is Behind India's Brutal Experiment of Abolishing Most Cash," ZeroHedge, January 12, 2017. URL: http://www.zerohedge.com/print/585012
[18] Craig R. Smith and Lowell Ponte, The Great Debasement: The 100-Year Dying of the Dollar and How to Get America's Money Back. Phoenix: Idea Factory Press, 2012. Page 222.
[19] Craig R. Smith & Lowell Ponte, "How Hastert's Secret Sex Scandal Touches You: Your Bank Spies On You, Too, For the Government," Western Journalism, June 1, 2015. URL: http://www.westernjournalism.com/how-hasterts-secret-sex-scandal-touches-you/
[20] Christopher Ingraham, "How Police Took $53,000 From A Christian Band, an Orphanage and a Church," Washington Post, April 25, 2016. URL: https://www.washingtonpost.com/news/wonk/wp/2016/04/25/how-oklahoma-cops-took-53000-from-a-burmese-christian-band-a-church-in-omaha-and-an-orphanage-in-thailand/?utm_term=.09e960da0384
[21] Shaila Dewan, "Law Lets I.R.S. Seize Accounts on Suspicion, No Crime Required," New York Times, October 25, 2014.
[22] Nick Sibilla, "Cops Use Traffic Stops To Seize Millions From Drivers Never Charged With A Crime," Forbes, March 12, 2014; Sarah Stillman, "Taken," New Yorker, August 12, 2013.
[23] "Small Business Owners Forced to Battle IRS Over Seized Bank Accounts," Fox News, February 11, 2015.
[24] Melissa Quinn, "The IRS Seized $107,000 From This North Carolina Man's Bank," Daily Signal (Heritage Foundation), May 11, 2015.
[25] Doug McKelway, "Has Asset Forfeiture Gone Too Far? Truck Seizure Case Sparks Outrage, A Call for Change," Fox News, September 20, 2017.
[26] Damon Root, "Clarence Thomas Attacks Civil Asset Forfeiture, Lower Court Follows His Lead," Reason Magazine, June 21, 2017; Edgar Walters and Jolie McCullough, "Texas Police Made More Than $50 Million in 2017 from Seizing People's Property. Bit Everyone Was Guilty of a Crime," Texas Tribune, December 7, 2018.
[27] Barnini Chakraborty, "Despite Promises to Cut Back, Fed and State Governments Press Asset Forfeitures," Fox News, January 30, 2018.
[28] Sheldon Gilbert, "Asset Forfeiture: Rap Albums and Hard-Earned Cash Are the Government's "Little Goodies'," USA Today, March 13, 2018.
[29] Jason Snead, "4 Startling Forfeiture Abuse Stories," The Daily Signal/Heritage Foundation, September 29, 2015.
[30] German Lopez, "'It's Been Complete Hell': How Police Used a Traffic Stop to Take $91,800 From An Innocent Man," Vox, March 20, 2018.
[31] Ibid.
[32] Craig R. Smith and Lowell Ponte, The Great Debasement: The 100-Year Dying of the Dollar and How to Get America's Money Back. Phoenix: Idea Factory Press, 2012. Page 219.
[33] Glen Meek, "I-Team: I-80 Cash Seizures By Sheriff's Office Raises Questions," LasVegasNow.com/Channel 8 News, June 24, 2015; John Kerr, "When the Highway Robber Wears a Badge: Civil Forfeiture Allows Law Enforcement to Steal from Innocent Americans," Washington Times, August 15, 2014.
[34] C.J. Ciaramella, "Justice Department Rolls Out New Policy to Seize More Money Under Asset Forfeiture," Reason Magazine, July 19, 2017; Deborah Connor, "Policy Directive 17-1," Washington, D.C.: U.S. Department of Justice. URL: https://assets.documentcloud.org/documents/3897281/Asset-Forfeiture-Policy-Directive-17.1.pdf
[35] Barnini Chakraborty, "Despite Promises to Cut Back, Fed and State Governments Press Asset Forfeitures," Fox News, January 30, 2018.
[36] Nick Sibilla, "Congress Killed Efforts to Undo Sessions's Civil Forfeiture Expansion, Despite Unanimous House Votes," Forbes, April 2, 2018.
[37] Sheldon Gilbert, "Asset Forfeiture: Rap Albums and Hard-Earned Cash Are the Government's "Little Goodies'," USA Today, March 13, 2018.
[38] Barnini Chakraborty, "Despite Promises to Cut Back, Fed and State Governments Press Asset Forfeitures," Fox News, January 30, 2018.
[39] Craig R. Smith and Lowell Ponte, Don't Bank On It! The Unsafe World of 21st Century Banking. Phoenix: Idea Factory Press, 2014. Pages 83-95.
[40] Peter Coy, "The Death of Cash," Bloomberg Business, April 23, 2015. URL: http://www.bloomberg.com/news/articles/2015-04-23/negative-interest-rates-may-spark-existential-crisis-for-cash
[41] "Has Paper Money Outlived Its Purpose?" MoneyAndBanking.com, August 4, 2014. URL: https://www.moneyandbanking.com/commentary/2014/8/4/has-paper-money-outlived-its-purpose
[42] The $1.47 Trillion estimate of U.S. currency in circulation is as of February 22, 2017. Board of Governors of the Federal Reserve System, "How Much U.S. Currency is in Circulation?" Current FAQs. URL: https://www.federalreserve.gov/faqs/currency_12773.htm
[43] "Why Central Banks HATE Cash and Will Begin to Tax It Shortly," Zerohedge, May 18, 2015. URL: http://www.zerohedge.com/print/506627
[44] David Crouch, "'Being Cash-Free Puts Us at Risk of Attack': Swedes Turn Against Cashlessness," U.K. Guardian, April 3, 2018; Maddy Savage, "The Swedes Rebelling Against a Cashless Society," BBC News, April 6, 2018.
[45] "Why Central Banks HATE Cash and Will Begin to Tax It Shortly," Zerohedge, May 18, 2015. URL: http://www.zerohedge.com/print/506627
[46] Craig R. Smith and Lowell Ponte, The Great Debasement: The 100-Year Dying of the Dollar and How to Get America's Money Back. Phoenix: Idea Factory Press, 2012. Page 219.
[47] Josh Barro, "When It's a Crime to Withdraw Money From Your Bank," New York Times, June 5, 2015. URL: http://www.nytimes.com/2015/06/06/upshot/when-its-a-crime-to-withdraw-money-from-your-bank.html; Conor Friedersdorf, "Why Is It a Crime to Evade Government Scrutiny?" The Atlantic, June 2, 2015. URL: http://www.theatlantic.com/politics/archive/2015/06/when-evading-government-spying-is-a-crime/394640/
[48] Marvin Goodfriend, "Overcoming the Zero Bound on Interest Rate Policy." Richmond, Virginia: The Federal Reserve Bank of Richmond, August 2000. Pages 12-15. URL: https://www.richmondfed.org/~/media/richmondfedorg/publications/research/working_papers/2000/pdf/wp00-3.pdf; see also Declan McCullagh, "Cash and the "Carry Tax'," Wired Magazine, October 27, 1999. URL: http://archive.wired.com/politics/law/news/1999/10/32121
[49] Craig R. Smith and Lowell Ponte, The Inflation Deception: Six Ways Government Tricks Us"And Seven Ways to Stop It! Phoenix: Idea Factory Press, 2011. Pages 216-218.
[50] Craig R. Smith and Lowell Ponte, "Bracing for a Trump vs. Fed Money Crisis: It's Time to Grab Your Wallet," Pontificationblog, March 13, 2017. URL: https://pontificationblog.wordpress.com/2017/03/13/bracing-for-a-trump-vs-fed-money-crisis/; Ralph Benko, "President Trump: Replace The Dollar With Gold As The Global Currency to Make America Great Again," Forbes, February 25, 2017. URL: https://www.forbes.com/sites/ralphbenko/2017/02/25/president-trump-replace-the-dollar-with-gold-as-the-global-currency-to-make-america-great-again/#2756cb5e4d54; John D. Mueller, "Trump's Real Trade Problem Is Money," Wall Street Journal, January 25, 2017. URL: https://eppc.org/publications/trumps-real-trade-problem-is-money/ or https://www.wsj.com/articles/trumps-real-trade-problem-is-money-1485302886; Nathan Lewis, "Limited Convertibility: Something New For A 21st Century Gold Standard," Forbes, March 8, 2017. URL: https://www.forbes.com/sites/nathanlewis/2017/03/08/limited-convertibility-something-new-for-a-21st-century-gold-standard/#11264e847999
[51] "Has Paper Money Outlived Its Purpose?" MoneyAndBanking.com, August 4, 2014. URL: https://www.moneyandbanking.com/commentary/2014/8/4/has-paper-money-outlived-its-purpose
[52] "Cost of Cash," Fletcher School, Tufts University. URL: http://fletcher.tufts.edu/InclusionInc/Programming/Research/Cost-of-Cash
[53] Harvey A. Silverglate and Alan M. Dershowitz, Three Felonies a Day: How the Feds Target the Innocent. New York: Encounter Books, 2011.
[54] Josh Barro, "When It's a Crime to Withdraw Money From Your Bank," New York Times, June 5, 2015. URL: http://www.nytimes.com/2015/06/06/upshot/when-its-a-crime-to-withdraw-money-from-your-bank.html; Conor Friedersdorf, "Why Is It a Crime to Evade Government Scrutiny?" The Atlantic, June 2, 2015. URL: http://www.theatlantic.com/politics/archive/2015/06/when-evading-government-spying-is-a-crime/394640/
[55] Kevin Dowd, "Killing the Cash Cow" (Briefing Paper), Adam Smith Institute (London). URL: https://static1.squarespace.com/static/56eddde762cd9413e151ac92/t/58e261e0725e250f97324ece/1491231222152/Kevin+Dowd+paper.pdf; Kevin Dowd, "The War on Cash Is Even Worse Than It Seems," Mises Institute, July 13, 2018.
[56] Mark Calvey, "Big Banks Ban Cash Deposits Into Others' Accounts," Bizwomen, November 28, 2017. URL: https://www.bizjournals.com/bizwomen/news/latest-news/2017/11/big-banks-ban-cash-deposits-into-others-accounts.html?page=all; Lee Boyce, "Why Won't Nationwide Building Society Let Us Put Cash Into Our Grandchildren's Savings Accounts?" ThisIsMoney, April 30, 2018.
[57] Craig R. Smith and Lowell Ponte, Don't Bank On It! The Unsafe World of 21st Century Banking. Phoenix: Idea Factory Press, 2014.
[58] Terry Dehko, "Bullied by the IRS," Washington Times, September 26, 2013; Radley Balko, "The Federal "Structuring' Laws Are Smurfin' Ridiculous," Washington Post, March 24, 2014.
[59] David Crouch, "'Being Cash-Free Puts Us at Risk of Attack': Swedes Turn Against Cashlessness," U.K. Guardian, April 3, 2018; Maddy Savage, "The Swedes Rebelling Against a Cashless Society," BBC News, April 6, 2018.
[60] Jayant Bhandari, "Scenes of Panic In India As Gold Price Skyrockets After Currency Ban," ZeroHedge, November 16, 2016. Page 11. URL:http://www.zerohedge.com/print/577732; Jayant Bhandari, "Gold Price Skyrockets in India after Currency Ban," Acting-Man.com, November 9, 2016. Page 2. URL: http://www.acting-man.com/?p=47768; Tyler Durden, "India Uses Helicopters, Air Force Planes To Deliver Freshly Printed Cash," ZeroHedge, November 21, 2016. URL: http://www.zerohedge.com/print/578326; Norbert Haering, "A Well-Kept Open Secret: Washington Is Behind India's Brutal Experiment of Abolishing Most Cash," ZeroHedge, January 12, 2017. URL: http://www.zerohedge.com/print/585012
[61] Don Feisinger, "Apple's Next Goal Is Killing Paper Money Once and For All," Fortune, October 17, 2016. URL: http://fortune.com/2016/10/17/apple-tim-cook-cash/
[62] Kimberly Amadeo, "Why the Dollar Is the Global Currency," TheBalance.com, February 19, 2018.
[63] Bill Harris, "Bitcoin Is The Greatest Scam in History," Recode, April 24, 2018.
[64] Ibid.
[65] Samuel Gibbs, "Head of Mt Gox Bitcoin Exchange on Trial for Embezzlement and Loss of Millions," The Guardian, July 11, 2017; Robert McMillan, "The Inside Story of Mt. Gox, Bitcoin's $460 Million Disaster," Wired, March 3, 2014; Steven Perlberg, "The Statements from People Who Lost Their Money on Mt. Gox Are Seriously Sad," Business Insider, March 4, 2014; Alexandra Harnewy and Steve Stecklow, "Mountain of Trouble: Twice Burned - How Mt. Gox's Bitcoin Customers Could Lose Again," Reuters, November 16, 2017; Rishi Iyengar, "More Than $70 Million Stolen in Bitcoin Hack," CNN Tech, December 8, 2017; Reuters, "Japan Seeks to Clean Up Cryptocurrency Markets After $530 Million Coincheck Heist," Fortune, January 29, 2018.
[66] Kate Beioley and James Pickford, "Bitcoin Investors Struggle to Cash Out New Fortunes," Financial Times, January 12, 2018; Rich Newman, "Here's a Big Bitcoin Problem I Just Discovered," Yahoo Finance, December 7, 2017; Kate Beioley, "Investors Face Barriers Trying to Turn Bitcoin Profits Into Pounds," Financial Times, January 16, 2018.
[67] Sophie Bearman, "Bitcoin's Creator May Be Worth $6 Billion - But People Still Don't know Who It Is," CNBC, October 27, 2017; Taryn Tarrant-Cornish, "Bitcoin "Created As Dollar 2.0 by US Government to Fund Secret CIA and MI5 Missions'," U.K. Sunday Express, January 20, 2018.
[68] Olga Kharif, "The Bitcoin Whales: 1,000 People Who Own 40 Percent of the Market," Bloomberg, December 8, 2017.
[69] Jen Wieczner, "Bitcoin Investors Aren't Paying Their Cryptocurrency Taxes," Fortune, February 13, 2018; Douglas Heaven, "Sitting With the Cyber-Sleuths Who Track Cryptocurrency Criminals, MIT Technology Review, April 19, 2018; Molly Jane Zuckerman, "MIT Comes Up With Three Ways to Destroy Bitcoin," CoinTelegraph, April 24, 2018.
[70] Mike Orcutt, "Governments Are Testing Their Own Cryptocurrencies," MIT Technology Review, September 25, 2017.
[71] Marie Huillet, "Bill Allowing Residents to Pay Taxes in Crypto Passes Arizona House Committee," CoinTelegraph, April 23, 2018; Yogita Khatri, "Ohio Becomes First U.S. State to Allow Taxes to be Paid in Bitcoin," Coindesk, November 26, 2018.
[72] Maria LaMagna, "1 in 5 Americans Have More Credit-Card Debt Than Savings," MarketWatch, February 22, 2018.
[73] Michael Snyder, "78% of Americans Live Paycheck to Paycheck (Including Many Government Workers Affected By The Shutdown)," ZeroHedge, January 10, 2019; Danielle Paquette, "'I See No Way Out': Living Paycheck to Paycheck Is Disturbingly Common," Washington Post, December 28, 2018.
[74] Nicole Lyn Pesce, "Why 4 in 10 Adults Can't Cover a $400 Emergency Expense," MarketWatch, May 22, 2018.
[75] Ibid.
[76] Lowell Ponte, "How a 'Cashless' America Could Become 'Gunless'," American Thinker, April 12, 2018. URL: https://www.americanthinker.com/articles/2018/04/how_a_cashless_america_could_become_gunless.html; Maria LaMagna, "Could Credit-Card Companies Ban Gun Sales?" MarketWatch, March 3, 2018; Andrew Ross Sorkin, "How Banks Could Control Gun Sales If Washington Won't," New York Times, February 19, 2018; Glenn Blain, "State Urges Banks, Insurers to Stop Doing Business with Gun Industry," New York Daily News, April 18, 2018. See also Mark Hendrickson, "Farewell to Cash," Forbes, May 28, 2015; Kevin Dowd, "Killing the Cash Cow" (Briefing Paper), Adam Smith Institute (London). URL: https://static1.squarespace.com/static/56eddde762cd9413e151ac92/t/58e261e0725e250f97324ece/1491231222152/Kevin+Dowd+paper.pdf; Kevin Dowd, "The War on Cash Is Even Worse Than It Seems," Mises Institute, July 13, 2018; James Setterlund, "Get Ready for a Financial Assault on the Second Amendment," National Review, January 10, 2019.
[77] Craig R. Smith and Lowell Ponte, Don't Bank On It! The Unsafe World of 21st Century Banking. Phoenix: Idea Factory Press, 2014. Pages 156-159.
[78] Craig R. Smith and Lowell Ponte, The Great Debasement: The 100-Year Dying of the Dollar and How to Get America's Money Back. Phoenix: Idea Factory Press, 2012. Pages 101-129, "The Age of "Modern Money'." See also Mark Jeftovic, "The Disturbing Rise of Modern Monetary Theory (MMT)," ZeroHedge, January 21, 2019; Karl Smith, "The Uses and Abuses of Modern Monetary Theory," National Review, January 11, 2019; Bob Murphy, "Bob Murphy Exposes the Upside-Down World of MMT," ZeroHedge, January 25, 2019; Josh Barro, "Modern Monetary Theory Doesn't Make Single-Payer Health Care Any Easier," Intelligencer, January 9, 2019; Michael Strain, "'Modern Monetary Theory' Is A Joke That's Not Funny," Bloomberg, January 19, 2019; Eliza Reiman, "Alexandria Ocasio-Cortez Says the Theory that Deficit Spending Is Good for the Economy Should "Absolutely' Be Part of the Conversation," Business Insider, January 7, 2019; Ben Hunt, "Modern Monetary Theory (Or, How I Learned to Stop Worrying & Love The National Debt)," ZeroHedge, January 18, 2019.
