Josh Sigurdson talks with author and economic analyst John Sneisen about the recent push to demonetize the Australian cash and coin in circulation.
Several economists have recently called for the 100 Australian Dollar note to be taken out of circulation to stop… well, you know, the usual “bad deeds” that freedom of transactions without the watchful eye of the state are usually accused of.
This call for ending the 100 dollar note also includes many calling for the 50 dollar note to be taken out of circulation as well. This is a startlingly slippery slope that we’ve seen far too many times before.
Under the guise of convenience comes totalitarianism and complete monetary control. This is the incremental push towards the global cashless society which Australia has already found itself in the middle of in recent years. Considering the attempt to completely switch all paper passports to facial recognition in Australia over the past few years, this is obviously nothing new.
If your money’s in the bank, it’s not yours, it’s the bank’s. If your money is always going through the bank via digital transactions and legal tender laws, it’s never your money, it’s always the bank’s and you’re essentially at the heel of the government and banking system. This is destructive to privacy. This is destructive to free humanity and humanity must resist.
Stay tuned as we continue to cover this constantly growing problem.