In this discussion with Maurice Jackson of Proven & Probable, I discuss the push toward a cashless society, counterfeiting, capital controls, and the continuing importance of gold.

India’s demonetization is part of a broader global movement toward financial repression. When cash is restricted or abolished, the state and the banking system gain far more control over savings, transactions, and personal freedom. Gold remains one of the few ways to preserve independence outside the financial system.

Watch the full discussion below:

Key Takeaways

• The move toward a cashless society gives governments and banks greater control over private transactions.
• India’s demonetization shows how quickly ordinary people can be trapped when access to cash is restricted.
• Capital controls, surveillance, and financial repression are easier to impose when money becomes fully digital.
• Counterfeiting is used to justify eliminating cash, but the deeper issue is control over the population.
• Gold remains an important protection against currency debasement, banking risk, and arbitrary government policy.