In recent months, there has been more and more talk about phasing out cash in favor of a purely digital currency, especially a central bank digital currency (CBDC). While the idea does have its benefits, such as making banking maneuvers and electronic transactions of all kinds simpler and almost completely frictionless, there is nonetheless one major, outweighing, and inescapable design flaw to such an otherwise promising idea that should make any reasonably sane and liberty-loving society reject the idea absolutely. So what is this fatal flaw?
In a nutshell: a purely digital currency would be controlled completely by whoever is in power, which generally means the greater oligarchy of government, central banks, and of course the elite "shadow government" who runs both. It can be turned on and off at will by whoever controls it, which means that your bank account, credit cards, and stuff like that would effectively be turned on and off at will by these same oligarchs and technocrats. Next up would be social credit scoring, and so on. All of this would be a very effective way to control We the People in ways that the dictators of old could not have ever dreamed of! And without physical cash as an alternative, there is no way to get around such a scheme (especially once they ban cryptocurrencies next on their agenda).
That more than outweighs any potential benefits of CBDCs. It is inherently totalitarian, and one need look no further than China to see its rotten fruits in action. Or Canada, when they cracked down on the Freedom Convoy and froze the bank accounts of them and their supporters, for an earlier stage of this. Imagine what they could have done if cash no longer existed!
For the record, the TSAP fully supports a Universal Basic Income (UBI), provided it really is done with NO strings attached. Done properly, contrary to the naysayers it will increase the bargaining power of the working class and will actually reduce perverse incentives and dependence on the government compared to the utterly broken status quo. But we will NEVER, EVER support a CBDC or anything else that leads to the elimination of physical cash, period.
The oligarchs may be able control We the People to one degree or another regardless of the monetary system in place. But they cannot control us 100% as long as physical cash exists as an alternative to digital currency. Once cash is gone, all bets really are off!
A cashless society is, at best, a solution in search of a problem. At worst, it is a sure gateway to an unprecedented level of irreversible dystopian totalitarianism. We ignore all of this at our own peril.
A cashless society is a frightening prospect, it's what they wanted to do with the implanted microchips, control over all our data & assets. David Icke said something like if they do that to you, you might as well be dead. They can cut you off from everything in a moment if you do something they don't like - so it's a frightening prospect of slavery. Yes, slavery is what they want. How can we resist all this? All I know is do what God tells me, my part, which is to work for the return of Mother God & Matriarchy. What else can I do? What can any of us do? Just keep talking, writing, exposing the lies & stating the truth.
ReplyDeleteWell done, as usual Ajax the Great - You always come up with the answers.
Thank you, Rasa. Very well-said indeed.
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