There's a war going on right now for the control of money. Its significance cannot be overstated. It will shape the future of everything to such an immense degree that I believe its impact will dwarf all the wars of the 20th century combined. Billions will die - untold billions will cease to exist, all because of a handful of laws that are being passed today, with hardly anyone batting an eyelid. I'm woefully inadequate as a writer to convey the magnitude of this change, especially in a short form such as this blog post. I just hope I can bring you a flavour of what is going on so that you can start thinking about it and doing your own research.

Back in 2022, I penned a somewhat gloomy blog about the future of freedom, power and money (Bitcoin Is Doomed And So Are We). It now turns out that not only was I on the right track, but the rate at which our freedom is coming to an end is massively accelerating. I'm late publishing this blog because every day since writing the initial draft, new relevant stories kept coming to light which I've had to research and include.

Anyway, getting back to the main story, the nature of freedom, power and money is intertwined. If you've acquainted yourself with the history of money, perhaps by reading The Ascent of Money: A Financial History of the World by Niall Ferguson or Debt: The First 5000 Years by David Graeber, you can't help but see the analogy to a game of Monopoly. Every game ends the same way. One player buys all the houses and hotels, wins all the cash, then the other players get frustrated and throw the board up in the air. Then a new game starts with the wealth redistributed evenly again. The pendulum swing, where wealth moves from rich to poor and then back to rich, is essentially the history of economics, money, credit and debt, and ultimately power. This may be why the same redistribution myth appears across cultures, from Prometheus giving man the fire of the Gods, to Robin Hood stealing from the rich to give to the poor. [Others include Zorro, Koschei the Russian folk hero, Song Jiang from the Chinese 'Water Margin' and to some extent Jesse James!]

There isn't room to fully summarise the story here, but I've always been impressed by the theme tune to the Big Bang Theory which somehow manages to compress the entire history of the universe into a song lyric. With the help of AI, I've had a go at doing a similar thing for economics:

A History of Debt (karaoke cut, Mont Pelerin edition to the tune of the Big Bang Theory theme)

Ten thousand years ago we started farming land,
And temples used their scribes to track the IOU demand.
The pharaohs taxed the people, while kings declared a slate,
Religions banned the usurers - they tore apart the state.
The Medici got clever, winked at God and made it pay,
The Brits built banks and empires, flags and debts along the way.
The French cut heads, the markets bled
Wars, New Deal, Bretton Woods, the dollar ruled instead.
The anti-red Chicago boys said freedom is the key
Thatcher, Reagan hatched a plan, cried "Markets wild and free!"
Math, cash, history, unravelling the mystery,
It all comes down to big debt (Debt)!

And so here we are today, with the Neoliberalism of the Chicago School economists, embraced by left and right wing governments in the US, UK and EU - collectively known as the West. In universities it is taught as political orthodoxy - as though there is no rational alternative, yet it's only working out well for the 1% of people. The widening gap between rich and poor at the heart of this theory is there for all to see.

At this point, given our Monopoly analogy, we would reasonably expect the millions of people who are saddled with debt, living from pay packet to pay packet, may soon reach that point again where they have had enough and the board gets thrown up in the air.

Here's the thing though: the 1% know this, and are making subtle yet fundamental changes to the law to make sure that doesn't happen again.

So pay close attention to the next bit because it really matters. Cash - the simple handing of value from one person to another, without permission, without oversight, has been the bedrock of human liberty. Take that away, and everything else, every right, privilege, every choice falls with it. If money ceases to be ours, our life ceases to be ours. Total financial control is not just tyranny - it is an apocalypse. It is the weapon that makes famine deliberate, war automated, pestilence engineered and death selective. Billions will never live because they will be smothered before birth by resource control systems that decide who may eat, who may travel and ultimately who may exist. The end of our personal financial sovereignty is worse than the Four Horsemen - it is the master that rides them all. Once it comes, there will be no going back.

The war of which I speak then - the laws being changed are designed to move us away from cash towards a future of digital money. There is nothing wrong with digital money itself. We could have a form of digital money that can be exchanged between individuals with no other parties involved - in fact it exists already - it's called Bitcoin. However, that's not the form of digital money that we will be forced to use. They want us to use digital money that is centrally controlled - the CBDC or Central Bank Digital Currencies. The difference between these is huge. With money that transacts from person to person, we retain personal financial sovereignty - we are the masters of our own funds. It's this very Personal Financial Sovereignty that 'they' are planning to take away from us.

Of course, they're saying they're not. The US, UK and the most recent EU digital currency announcements don't claim to be doing away with cash altogether. In fact, the EU said they're considering a system of 'peer to peer' digital transactions with the digital Euro which won't require third party banking intervention, but I'm old enough and ugly enough not to believe a word of that nonsense. The stakes are too high, the power too great for them to allow that to happen.

When I speak to people about this they often fail to see the danger, and are seduced by the ease of use of apparently frictionless card purchases. I get it - it's easy. They want you to be comfortable with it. That's why the UK's Financial Conduct Authority announced on 10 September 2025 their intention to raise the limit on cashless card transactions. But this is to ignore what is going on behind the scenes. For all its flaws, Bitcoin has demonstrated that no banking intermediary is needed for value to be exchanged from one person to another. Despite what you may have read, Bitcoin has never been 'hacked'. The horror stories the press love to dwell on all refer to Bitcoin exchanges - essentially the interface between Bitcoin, which is perfect money, and the banking system, which is bent as the proverbial nine bob note. That 'they' are trying to ban anonymous crypto wallets and force everyone to use crypto via recognised exchanges says all you need to know about 'them', the folk who bought you the Wall Street and 2008 financial crashes - what could possibly go wrong?

Who, you may ask, is 'them', or the 'powers that be' as I referred to them in the previous blog? This question was eloquently answered by Critical Theory lecturer Louisa Toxværd Munch on TikTok recently. Conspiracy theorists love to apportion blame, even naming people like George Soros, Charles Schwab or Bill Gates as the arch villains in charge of it all. In reality the system is protecting itself. Rich people work to protect their own interests in all sorts of ways, and this leads to the creation of organisations that serve to protect those interests. There is no Wizard of Oz behind the curtain. There are just structures, many of which are unconnected and uncoordinated that appear to conspire against the interests of the less well off. 

There is no single figure to point at, just a blob, as I discovered myself a few years ago while trying to play low-stakes poker.

One day, the online gambling site 'Pokerstars' decided I wasn't allowed to play €1 sit-and-go tournaments unless I sent them shots of my passport, my face from multiple angles, my tax ID and my inside leg measurement. I failed the test (Spanish bureaucracy - enough said), so I tried other poker sites. Malta, Gibraltar, the other side of the world - didn't matter. They all demanded the same. Why? Because the Financial Action Task Force (FATF), an unelected global body, had decided it should be so. They forced every online poker site in the world to introduce 'KYC' - know your customer. The G7 created the FATF back in 1989, and now, if FATF says jump, every government on Earth asks "how high?" No elections. No accountability. It seems on the face of it to be a one world government in all but name, but it's actually less well coordinated than that.

The reason I felt compelled to write this blog now is that 2025 is the year in which the 'powers that be' want to beef up online security, in the name of children's safety, by forcing people to provide KYC to access certain types of content (The Poker experiment clearly went well). While the UK government is most vocal about access to pornography, access to other sites such as Reddit and Wikipedia are similarly affected. Australia and Canada are following suit with similar legislation in the pipeline. Even America has The Kids Online Safety Act (KOSA), a bill with bipartisan support which is currently grinding its way through congress.

The important point here is the direction of travel. We've had web access for 30 years, but all of a sudden we're supposed to believe it's right now we're taking action to protect children from porn? The UK government has seen that people are circumventing the identification process by using a VPN, so now they're talking about banning them too.

The relevance to child protection of these sorts of digital legislation has been shown elsewhere to be spurious at best. The real reason is to increase the control that governments have over the Internet. As I explained in the previous blog, I believe there to be a movement to restrict the software we are allowed to run on our devices. As if to confirm my suspicions, Google announced last week that from 2026 it will restrict the sideloading of apps to those of 'authorised' developers. (Sideloading basically means loading an app that comes from outside the Android appstore). I predict that moving forward, terrorism will increasingly be used as an excuse to introduce further restrictions on the software we're allowed to run. To ban software that could be useful to fight our subjugation: encrypted messaging, peer to peer file exchange, off-grid messaging apps like bitchat and many other tools will all have to become 'authorised'. Most of the open source software repositories for these sorts of apps are hosted on a source control website called Github. Github was bought by Microsoft in 2018, to gasps of horror in the open source community. Years later, Microsoft has been lauded for largely maintaining the site's independence and encouraging its continued growth. However, the cynical voice in my head says they would do that if there was a long term plan to capture and control the world's open source software.

My belief is that none of this is really about poker sites or porn filters. The endgame is cash. Cash, or as I explained earlier, Personal Financial Sovereignty, is the overarching goal.

When 'we the people' have our money fully digitally controlled, there are many upsides for the winner of the Monopoly game, but many downsides for us.

Once cash disappears, governments can literally program what you're allowed to spend money on. The classic example is "Fancy a sausage roll? Sorry citizen, your cholesterol's too high. Try a lettuce leaf." However, it goes much deeper than that. "Government deficit? We'll introduce negative interest rates - there won't be a bank run because you can't get cash out at the bank!" We're already seeing in America how Trump is using the threat of litigation to silence news media. Imagine how much easier that would be if the same man had the ability to control every penny everybody has to spend. The stranglehold an unscrupulous leader would have over our lives doesn't bear thinking about.

We tend to think of the end of civilisation as nuclear war, asteroid impact or a global pandemic, but this is far worse. I can see it happening in my head like a slow motion car crash. I feel like Nuñez in that H.G. Wells short story "The Country of The Blind". If I talk to people about what I think is going on they treat me like I'm mad.

And maybe I am mad - mad because I can see what most refuse to see. Once our money itself is captured, resistance dies with it. You can't organise, you can't fund a movement, you can't even buy bread without permission. Rebellions require resources, but all the resources will be controlled by them, so the fight will be over before it starts. That's why to me, this feels so apocalyptic: not because it ends in fire, but because it ends in absolute submission, forever.