In The Wake Of Massive Cyber Attack, We Must Defend Physical Currency


A huge ransomware attack has struck computers around the world.

Ukrainian supermarkets, Ukrainian Banks, Russia’s biggest oil company, a Danish shipping company, Pharmaceutical giant Merck, and countless other businesses and government systems have been damaged in the attack.

In total, 80 companies are reported to be affected.

Ukrainian Prime Minister Volodymyr Groysman called the attacks “unprecedented.”

Banks also hit

Banks have also been impacted by the cyber attack. In a statement, the Ukrainian Central Bank said “As a result of these cyber attacks these banks are having difficulties with client services and carrying out banking operations.”

Russia is also said to be aware of issues with some lenders after the attack. According to Reuters, the lender Home Credit had to suspend operations as a result.

This is why we need to maintain physical currency

The latest cyber attack, following the earlier “Wannacry” attack, shows the massive vulnerability of computer systems around the globe. If even some of the biggest companies on earth – who are presumably spending a fortune on the latest computer defences – can’t protect themselves, then why would we think that any company or country is immune from these attacks?

And if nobody is immune, why would we eliminate physical currency and go to completely digital money?

Yet, that’s exactly what the globalist elites are pushing for.

They want to eliminate physical currency, and make sure every transaction is digital – and therefore traceable and controllable. Not only does eliminating physical currency take away our privacy and infringe on our rights, but it also makes our entire financial system incredibly vulnerable.

It’s already vulnerable now, but at least physical currency – whether in coins, bills, or gold – provides a backup in case of calamity. But without that backup, our entire economy could literally grind to a halt and be held ransom by one group of hackers.

That is a huge national security threat, and it is why we must push back against the effort to eliminate physical currency.

In an increasingly vulnerable digital world, tangible things matter more than ever, and physical currency is no exception.

Spencer Fernando

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The elites want to hide their many failures behind political correctness, deception, and manipulation. We need to push back and spread the truth.

That’s why I write.

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