Before We Get to CBDCs, We Have to Get to A Cashless Society

I’ve written for a long time about how the cashless society and the rise of Central Bank Digital Currencies (CBDCs) are two sides of the same coin.

CBDCs pose enormous threats to freedom. They allow government to maintain a digital ledger that records every transaction you make. Whether it’s a charitable contribution, political contribution, concert ticket, book purchase, travel plans, apps or anything else in your life, the government will know.

Using that information combined with artificial intelligence (AI), the government can develop a profile of you that will easily identify you as a Biden supporter or what Biden calls “an enemy of the people.” Once you are on the enemies list, you can expect IRS audits, unannounced visits from the FBI, doxing and all of the other tactics that the left-wing and their government goon squads use to keep people in line.

There is a simple way to avoid this. Use cash for as many purchases as you can.

Cash can be used for purchases that might be more politically sensitive such as support for religion, charitable contributions and book purchases. It is legal, after all. But perhaps not for long.

This story offers a good example of how banks are working to make cash unavailable, even in the absence of a specific statutory ban.

Commonwealth Bank in Australia is creating new “cashless” branches where no cash transactions can be undertaken. They are also limiting the size of cash transfers to certain counterparties to $10,000 per month, even if the transactions are otherwise legal. This is not a total cash ban, but it is a material step in that direction.

This trend is not limited to Australia but is happening all over the world. Banks are heavily regulated by governments, so they are willing accomplices to nefarious plans of this type.

What happens when CBDCs arrive and cash is gone? At that point, the only practical alternatives are gold and silver coins. Get ready.

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