The threat from a cashless society
( I think I’ve fully depoliticised this article, but if it breaches standards please delete)
Soooo consider this good people, and consider the implications VERY carefully.
If the demands to take the US/ UK/ EU/OZ economy to a CASHLESS society, which has been muted often in the recent past, Its still the $ or £ but all transactions will be electronic and digital via smart cards.
OK so far?
(A)This WILL open up the opportunity for a government to introduce a TRANSACTION tax to fund social welfare programs and other initiatives . What this means every transaction you make buying or selling. Food, fuel, clothing, utility bills, state taxes, medical payments, garage bills, tradesmens charges, gun payments, E Bay or other online payment systems they can levy a TRANSACTION tax DIRECTLY to YOU. And you cannot avoid it because it happens at the point of transaction. In person or online.
(B)They can then also monitor and record ALL of your purchasing history. Guns, ammo, supplies donations to organisations or political parties, Books they don’t want you to read. EVERYTHING will be recorded.
(C )This will also allow the state to SKIM your bank accounts like the European Union did with the entire population of Cyprus. The EU simply ordered all the banks to remain shut and turn off the ATM machines for a long weekend, During that time they skimmed an average of 10% of everyone’s Savings, Deposits, Current accounts, Pensions and Investments
(D)If you fall foul of the government and find yourself listed as a Felon or Domestic Terrorist or anything, They could (1) Seize all your money, (2) Cancel all your Cards (3) Ban you from owning a bank account. Even Bitcoin wont be accessible.
The last thing preppers need is a cash free society as it leaves the STATE in control and leaves you only with BARTER to get what you need to live.
Many modern prepper folks already have considered this issue and have taken steps to invest in Gold, Silver and Barter Goods as a buffer against a worthless or voided paper dollar.
And this is why I agree with Pops new post strongly recommending we cache some cash for when TSHTF.