Crime Against Humanity: the War on Cash, 5
As the criminal gets big−headed to the degree decent people let him, which includes coming out into the open instead of lying low, these days this is not idle theory, but amply documented reality: many central banks and governments are working to eliminate cash since long; EU, UK, USA, China, Canada, you name it… and guess what features they are planning for their cashless moneys?
· Central bank to record all your transactions above, say, €50;
· central bank to record your transactions if you exceed a spending limit of, say, €1,000 per month;
· central bank to record your transactions if you exceed, say, 50 transactions per month;
· any so recorded transaction to be considered “guilty until proven innocent”;
· you cannot hold more than, say, €3,000 out of banks and other financial intermediaries, so you cannot use it as an independent form of investment;
· it is programmable, so that it can – to say it in their own words – “help financial programmability”; that is:
· the government or the central bank can impose spending restrictions or controls;
· the government or the central bank can precisely control what you can and cannot spend your money on, as you can only spend it at government−approved merchants;
· the government or the central bank can see all of their citizens’ account balances and transactions, and can go to a showdowns with political opponents by monitoring and tracking their financial transactions;
· the government or the central bank can control who has access to money – Canadian people already had a taste of it, when the government froze the bank accounts of protesters and their family members and gave protestors permanent records, and the banks did some “policing” of their own and went even further, freezing a number of accounts that did not appear on the list of citizens given to them;
· the government or the central bank can program money to expire within a certain amount of time;
· link it to, or better said merge it with, digital identity.
Would you still call you hard−earned savings “yours”? Is that enough for you to take note which side are these criminals on? Now add that we know that appetite grows with eating, don’t we? And Edward Snowden, who does know about these things, said, “If those data are collected, someone will abuse them.”
So the defence of the survival of each one of us begins with the defence of cash.