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Josh Sigurdson talks with author and economic analyst John Sneisen about the most recent cashless news out of Australia as the country bans cash payments over $10,000.
The idea is that it will stop money laundering and organized crime. Well, the government is organized crime and they're enabling them by stopping individuals from not getting their hard earned money stolen.
Australia has slowly been marching into the cashless society. We've also seen the attempt to replace Australian passports with facial recognition. This is incredibly dangerous to the wealth and prosperity of so-called free individuals.
As the IMF attempts to map out a global centrally planned cashless society through the SDR, the test grounds are obvious. Australia, India, China and Sweden stand out the most when it comes to the incremental step towards a total global cashless society.
Remember, this is a centrally planned cashless society. The blockchain can be used by the establishment if centralized to control society. It can also be used by the individual if decentralized to overthrow that which controls society. That is incredibly important to point out as far too many confuse centralized with decentralized.
Central planning is extremely beneficial to the global establishment but not at all to the individual who ends up deep in debt. Fiat is centralized and as the establishment gets desperate to push interest rates up to avoid the inevitable negative rates, a cashless society which is centralized and forced by legal tender laws would allow them to bail in bank accounts and cut the risk of a bank run. It would also allow them to track people anywhere and shut down people's ability to spend money if they wish.
Australia must stand up to this coercive complex rising up under the false guise of "convenience."
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I would like to hear an analysis providing a through, informed comparison between cash and cold storage sticks, assuming an economy in which various crypto-currencies are accepted; possibly via a master-exchange currency, such as Cardano.
I dont know man. Have never been a supporter of cashless society. There needs to be a co-existence of cash and cashless and not the blatant attempt to kill of cash which is what is happening in many places.
Bottom line is, cashless is more often an excuse of the central authority to track people's money and to prevent under declaring small business taxes. it is not as noble as the government claim to be.....
I agree that Australia is pushing for a cashless system. If they ever get there it will not last very long. There are too many "system" failures, power, telecoms, and just plain stupidity,. People will make up their own barter currency and undermine the "cashless" delusion. Just yesterday a major telecoms network went down for most of the day, not for the first time.
Don't know if you guys have seen this by James Corbett which looks at the battle over blockchain technology. It could be our saviour in a cashless society (if you value economic freedom) or it could be the ultimate tool for economic (and social) control. Personally I think it is highly likely that we will see government authorised blockchain backed currency in the near future combined with legislative attempts to outlaw 'unauthorised' crypto-currency. Anyway, if you haven't seen it tghis is very thought provoking.
G.Edward Griffin!? Did I hear that right?! Freedom Force was amazing! Great talk!
AH Australia 🇦🇺 another vassal state of the queen .
It's time to form a private police force that enforces the rule of law.