America Is Tired and Getting Angry

Imagine needing a subscription to possess the keys to your house. How about your car thinks you're too tired and won't let you drive. Cashless society, say hurty words online, card payments disabled. Not long to go now, the surveillance state will kick things off for real.

Cash Is King, Says Reserve Bank of New Zealand

New Zealand's Reserve Bank has issued a statement pointing out how important cash is to the economy. They are commencing moves that require banks to make cash available, quickly and easily. 

Cash is of paramount importance. NZ is regularly impacted by natural disasters and the power can be out. Cash is all that works in such times, forget credit cards. 

Remote rural communities, these days, often have no cash withdrawal or deposit machines, leading to long drives to major towns and cities to do just a little banking. This works as a major handbrake on the country as a whole. 

Credit where credit is due, it appears the Reserve Bank has listened to voices shouting loud and clear; cash is critical, we must keep cash. 

https://www.rnz.co.nz/news/business/587887/banks-must-provide-cash-services-to-customers-reserve-bank-says

RBNZ director of money and cash Ian Woolford said providing and handling cash should be a basic banking service.

"We believe banks must provide cash services to customers, free-of-charge, because cash is an essential part of a customer's relationship with their bank."

He said banks had been reducing the places where customers could get cash, bank cash or get change, especially in rural areas, with about 40 percent of bank branches closed over the past decade.

"We want this to change, and we are open as to how," Woolford said.

"Cash benefits society, as it is used for economic, social and cultural reasons, and as the steward of cash we are focused on ensuring the cash system is healthy and available."

Sinister X Moves

X, formerly known as Twitter, seems to be trying to become a version of WeChat for the US. What this will mean is individual social credit scores will impact the ability of citizens to access society, and their banking, travel etc. This will be sold as easy, efficient, and technology preventing illegal immigration.

Cashless Society Stupid Idea

Going cashless isn't because it is better, as it clearly isn't, they're going to do it to exert more control over our everyday lives. 

Sunak an Installed PM

Sonia Poulton makes a compelling case, Rishi Sunak was installed at No.10 by bankers, to bring in Central Bank Digital Currencies (CBDC's), otherwise known as the cashless society.

In New Zealand, going cashless would be the end. The country experiences frequent natural disasters where electricity gets knocked out. Without cash in pockets during these times, all hell would break loose. Going cashless is an existential crisis and only a fool, or the enemy would insist on going down that path. 

 

Cashless UK?

 The UK is now going cashless. Be very afraid.

Funny this would pop up now as I've just experienced an example of how a cashless society would make things so much more difficult. I had a guy working in the garden, young chap needed some materials which would cost about $30.00 down at the hardware store. I don't have my car, he can pop away and get the items. So I gave him cash out of my pocket and away he went, he was back in half an hour. If we lived in a cashless society, I'd have to make the trip somehow, or the gardener would have to use his own money and have me reimburse him electronically, or we'd both go to the hardware store. Clearly, this is complexity that is unneeded, we need cash in the system to oil the wheels.

Australia Going Cashless?

Rumour has it that Australian banks have started removing cash from the system, and that some banks are restricting cash withdrawals to sums less than $500.

This could mean many things; the first thing that comes to mind is financial meltdown, the banks are stressed and going under. When a run starts, banks limit withdrawals.

But more likely; Australia is moving to a dystopian future model where everyone will be tracked. All transactions controlled. 

This means Australia will fail. It is as certain as night follows day. Cash requires no electricity, and is an immediate transaction. The same banknote can travel right across the city and through several hands in one day, and never be subject to permissions by a computer somewhere.

If this is true, the land Downunder will truly be going under.

Save Cash

 

Keep Cash Campaign

If we lose cash as a means of payment, our society will end. It's as simple as that.

What a Cashless Society Means