Is The Tyranny Of A Cashless Society Coming?

Tyler Durden's picture

Via Capt. William E Simpson of WesternJournalism.com,

Like many people, I am a careful person when it comes to digital commerce, yet nonetheless I had two of my credit cards hacked (twice in the last four years) — one time by a supposedly reliable online retail company, another time when I rented a trailer. And both times, it required an incredible amount of time, police reports, phone calls, etc., just to get back to square one and get my money back.

But my experience was not unusual. Nearly 18 million Americans suffered from some form of identity theft in 2014 alone.

Digital commerce and credit cards are very problematic and are not the panacea that companies and the government want the public to believe.

Looking to a future in which governments abolish cash in useful denominations, it follows that they will then focus on eliminating personal and commercial commerce through the use of compact high-value commodities such as gold and silver, a natural progression if $100 bills are taken out of circulation in the United States.

People today who are living in the legacy of the Barack Obama economy already need a fistful of $20 bills just to buy a week’s supply of groceries. And it’s easy to spend $400 a week on fresh groceries for two people, especially if you buy premium products and organic.

If we consider the increasing trend where banks, institutions and big retailers are regularly hacked, combined with identity theft, digital commerce and credit cards aren’t all they’re cracked up to be, and in reality are posing an ever-increasing level of liability on all levels through their use.

The relatively few people who may ultimately control all of the digital wealth of Americans will virtually have control of all the people in a cashless society. This results in a definite loss of freedom and liberty.

There are many, many other ways for law enforcement to hammer criminals and curtail their enterprises, if that is truly the goal. But any method that inhibits or erodes the freedoms of Americans in any way, including limiting or infringing upon person-to-person commerce and personal privacy in any manner, is to be shunned and runs counter to the intents and spirit of our beloved U.S. Constitution.

Digital currency transactions in lieu of cash would allow virtually 100 percent tracking of all Americans, including law-abiding citizens and all that we do.

We have already learned over the past eight years of the Obama-led government that governments don’t necessarily work for or even represent the will of the people. So how can anyone justify giving the government this much power over Americans? There is no such justification.

The vast majority of Americans are not criminals, and therefore any action by government that affects or targets the vast majority of people in order to deal with a small factional percentage of criminals in the population is manifestly unfair. Politicians simply need to do the jobs they are being paid to do, and come up with anti-criminal tactics that strictly focus upon the bad actors, not the majority of law-abiding Americans.

If the minds behind a cashless society are allowed to have their way, America would become little more a monumental ant farm, where the elitist class studies Americans to a much greater extent than ever before — how we move around and what we do, use, eat, watch and listen to — and then uses this deeply insightful personal information, potentially to plot how to control everyone. Things like if we’re allowed to be born (abortions already control this to some extent), how long we get to live, and what we are allowed to do in between. Orwellian, yes, but possible nonetheless.

Brazil played around in past decades on many occasions with reissuing, devaluing and recalling currency to limit amounts in circulation. And the Marxists paid close attention to that exercise.

However, India’s currency games are more immediate and could have a sinister effect, since it is already a socialist state and we know how fond socialists and communists are of controlling all aspects of their populations.

Here’s a video that should be alarming.

Is India executing a plan similar to what may soon be in the works for Americans?

I have to say, it’s looking like living in the countryside on a piece of land that provides sustainable sustenance and a firewall from a population that may recoil and strike out in anger sometime soon is the only viable path to surviving past what may be an ugly and austere future. Anyone who cares to look at the news these days will see riots, murders and unrest all around inside the United States, a result of numerous factors.

Even as much as many Americans admire and respect President Donald Trump, the Marxist-socialist momentum that has already metastasized in America might be too much for him and his team to overcome. Our new president definitely needs our continued strong support more than ever.

Smile and pray for the best, but adequately prepare for the worst.

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Olympus Mons is not a Volcano's picture

I'm expecting alot of old Folks will struggle with this.

 

'We Killed some old Folk's'

Nemontel's picture

A Cashless society is completely pointless. Our entire financial system won't be able to continue as soon as we run out of cheap Oil.

http://www.truthjustice.net/economy/the-coming-breakdown-of-u-s-global-m...

Iconoclast's picture

I disagree, you've got this upside down. If not before it's a dead cert that once the petro dollar is eliminated we move to cashless. It'll chime with the remaining oil and gas being too expensive to extract, the tipping point will have been reached, think 2040.

prime american's picture
prime american (not verified) Iconoclast Mar 3, 2017 6:23 AM

I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do... http://bit.ly/2jdTzrM

Memedada's picture

This article is another clear-cut case of corporate propaganda. Claiming a vulgar-capitalist economic system (a system that has concentrated all the wealth and fiat in the hands of a tiny elite – the 0,01%) is “socialist” and/or “communist” (I know these terms have no real meaning in US lalaland, but still annoying to see something black being called red) Is telling of how dumbed down US plebs have become. But the reason is obvious – your owners don’t want you to have a language that enables you to analyze the current shit show and formulate real alternatives.

US – and the most of the world – is privately owned. Capitalism is defined by the private ownership of the means of production. If the author insist on the current economic model being “socialist” or “communist”, then there’s a need for new terms for a democratic economic system (or an economic system based the public, common and/or social ownership of the means of production).

Plus, the centralization happening in the world today is not driven by states but by the stateless actors – it is the transnational companies (the biggest are lager in economic volume than most nation states) and especially “central banks” (again PRIVATE entities representing PRIVAT CAPITAL POWER = old money = the capitalist that won the first couple of rounds of Monopoly/capitalism).

 

Graph's picture

Lgged in just to monitor your downvotes.

As for me ,I gave up on capitalism / communism commenting on ZH.

Of the hip shooting "the word", they call Dimon, Blankey, Bezos, Hillary.... a communists and comparing to this guy, to name the one, (google) Stjepan Filipovic.

Relentless's picture

Close, but not quite.

Capitalism, per se, isnt the problem. The problem is the corporate capture of government. This enables the owners of captial to change (or avoid) the rules thereby enlarge their own power and estates at the expense of everyone else. What the US is at the moment is a 21st century variety of fascism/corporatism. Fake two party rule, established control by large corporate entities, particularly Wall St and MIC, secret police services (CIA/FBI/NSA) and a militarised local police force.

True capitalism allows parties to make contracts between themselves without interference by governement and in the knowledge that the law courts will uphold those contracts should they be breached. A truly capitalist government would ensure simply that there was a level playing field and that society had created a set of rules that had to be followed by all involved. Nothing else.

Note: whether those rules included labour rights, environmental rights, or anyting else would be down to the society in question to establish. Govt would simply empower the courts to make sure that everyone played by the same rules.

 

 

P'Od_Accountant's picture

Capitalism is the problem, per se.  Because everything you wrote is firmly in the realm of fantasy.  We have nothing resembling true capitalism and never have.  And you are arguing that we should continue the corrupt system we DO have, to pursue an ephemera becuase it sound good on paper.   This is delusional thinking.  

Ace Ventura's picture

Your point holds equally true for socialism/communism. What is the common denominator in BOTH failed systems?

G O V E R N M E N T

QuantumEasing's picture

Well, I guess it's good that we won't run out of cheap oil any time soon then.

Peak Oil Theory has been debunked, and ranks up there with AGW in terms of scientific validity.

Miss Informed's picture

All the people the old folks support will be going down too.

buckstopshere's picture

Unless you use Tor browser, Onion browser, or Orbot brower, you are most likely being tracked even if you don't use your credit or debit cards.

wildbad's picture

IMO Tor is a government fishing net. Just having that port open on a device makes you a target of the surveillance state.

if one is not perfect in one's web habits a single misstep can give one away to a determined sniffer robot, and they are persistent little robots.

the involvement of the NSA in the development of TOR is widely known so use it at your own risk.

The general point of this article is good and important but it doesn't give serious consideration to many of the dangers of cash controls and all digital currencies.

I do agree that the biggest danger is the ability of the digit printer to decide what is a proper transaction and to punish the parties concerned. Orwellian intrusion is never good for the intruded upon.

Mr 9x19's picture

poor buckstopshere, if you only knew 5% of what you are talking about, would know, for exemple, that nsa already the acces to thor and onioning tech... are you that naive ????

buckstopshere's picture

Snowden recommends Tor.

And who are you?

quax's picture

The author apparently never heard of ethers and bitcoin or failed to understand how cryptocurrencies work. Sad.

buckstopshere's picture

End-to-end correlation attacks can de-anonymize Bitcoin users. There are other methods of de-anonymizing Internet users, too.

commander gruze?'s picture

One can't simply run a correlation analysis on a transaction with 10000 inputs and 10000 outputs without turning it into statistical noise.

commander gruze?'s picture

Sad indeed is the failure to understand that cryptocurrency *is* actually cash. Digital cash. As stated in the very first line of Bitcoin whitepaper.

Miss Informed's picture

"Money in coins and notes as distinct from checks, money orders or credit" it is not. If you don't hold it........

dumbhandle's picture

Ethereum is going to change the public business world. Monero is going to change the private business world. Monero cannot be tracked. If you will do some research, you will find that today, and I mean today, the darknet markets are feverishly converting from Bitcoin to Monero.  This is causing the price of Monero to skyrocket. Monero and Ethereum are some of the most important inventions in history.  Ethereum will make exchange extremely efficient. It will automate the movement of capital and computing. Monero will make exchange extremely private. You can now buy things at a distance and have it not to be tracked at all. The significance of these two inventions is not widely known.

Miss Informed's picture

Pump and dump schemes benefit "early adopters".

rz the 1st's picture

If not for a series of unfortunate boating accidents, I would be pretty set right about now.
But seriously, this whole cashless thing is gaining speed, and may be here sooner than you think.
And once it's here it'll be too late to start worrying about it, at that point, it's gonna be a shit storm for those who can't think on their feet and have the force of will to do what right.

"Remember: Evil exists because good men don't kill the government officials committing it." -- Kurt Hofmann.

Keep reloading......

Manipuflation's picture

I barter with with silver bullion.

One of these is not like the others..'s picture

I barter for my skills. It seems to be working.

Colonel Klink's picture

I will not comply. I will resist wherever I can. If pushed into a corner I will lash out in some fashion. As all red blooded Americans should do against tyranny, financial or otherwise.

moorewasthebestbond's picture

They're resisting the Empire in Ukraine and succeeding.

 

Push Americans far enough and places like east Texas and the mid-south may just become Donetsk and Luhansk in a hurry.

Idaho potato head's picture

That is exactly what it's going to take!

buckstopshere's picture

A cashless society will make it harder for politicians to receive bribes.

This is a reason why it may not happen.

thisandthat's picture

Latest ongoing scandal, here in Portugal, is about 10 BILLION Euro worth of bank transfers to tax havens, during a three year period, which went below financial oversight (tax) radar when it wasn't supposed to...

HenryKissingerChurchill's picture

A cashless society will make it harder for politicians to receive bribes.

Bullshit, If governments and banks would like to flash the light on bribery or drug transactions they could just do a simple search... BUT THEY DO NOT WANT TO. You think politicians take big bags of money? that is so getto, they get a sms with the transactions in an offshore account,,, and sign.

thisandthat's picture

For proof, just read my comment above. What happened is banks reported those transfers to financial authorities, as they should, and these did simply nothing of what they should; no tax collection, nothing. And that is just what moved above counter. It just hit the news now, so it still has a long way to go before it fizzles out and fades away...

besnook's picture

without cash a sophisticated hack or even a local electricity outage will cripple the economy. whoever came up this idea is not thinking it through or have thought it through with total control of the population as the goal.

in the usa there is a little issue of the constitutional responsibility of .gov to provide coinage.

Grumbleduke's picture

control is the goal, you're correct. Yet, I don't believe for one minute they thought it through - those sissies never went without electricity for a long period of time, so it's normal for them, like the air and sun. Remember, power comes from that sockets in the wall...!

Apple pay?

There's tech that can shut down smartphones in a jiffy. I think, some "activists" could use that in supermarkets, malls, office buildings.

Then - for bigger fun - one could build an emp-truck and just drive it around for a while (omit hospitals, please). You'll see some shitheads explode. I think, I'll send that script to Hollywood, should be a blockbuster in the making :-)

thisandthat's picture

I witnessed 1 (one) *attempt* at carding - ever: it was when the bank called in, at night time, to ask whether an operation in the US (a tiny, ridiculous amount - a test run?) was legit (no; I'm in Europe...), they then checked previous operations and canceled the card. And that was it.

Manipuflation's picture

Did anyone notice my post from a couple of hours ago on how they will whack silver on the Yellen thread?  Let's watch what the reaction is.  Looks like green so far but I bet 25 points fed increase and silver will tank.  Yellen is Obama.  You can never let the metals get out of control you know.... sarc/on.

It's friday.  Gives you the whole weekend to research.

dchang0's picture

There is still hope for all of us if the oligarchs try to ban cash.

The book "Debt: The First 5000 Years" points out that humans evolved mutual credit systems long before cash/physical currency was ever invented.

Essentially, everybody either operated on a "put it on my tab and we'll settle tabs later" system or operated on a gift exchange system.

Gift exchange is not the same as barter! Historically, barter was used in societies that were used to having money/currency but were for whatever reason unable to access the money/currency during periods of collapse. In other words, barter in a post-SHTF USA would involve mentally calculating the value of goods in services in dollars, even if dollars are unavailable for use. Gift exchange, however, does not involve this mental calculation in monetary terms.

Anyway, these are three methods we the people can use even if the oligarchs ban cash, and they have been proven to work for hundreds or thousands of years in various periods of various societies. They cannot stop us from peer-to-peer transactions short of killing all of us.

charlie303's picture
charlie303 (not verified) Mar 3, 2017 4:20 AM

I personally would consider any attempt to remove cash from daily life as a Declaration of War by the Government against the people.
Would any cashless system hold them accountable for all the money they have wasted and/or lost?
Would their system end their crimes?

HenryKissingerChurchill's picture

I personally would consider any attempt to remove cash from daily life as a Declaration of War by the Government against the people.

See? they need to ban guns first ! And then do it like in India, with wooden sticks...

The Gun Is Good's picture

I personally would consider any attempt to remove cash from daily life as a Declaration of War by the Government against the people.

Right there with ya (even though .gov has been waging war against citizens for years already, but....).

Banning cash is one of the trigger events that will induce me to begin preemptive strikes against .gov / elite domestic terrorists. I'll be aiming high, too....

headless blogger's picture

I don't like D. Trump, but I voted for him.

I absolutely hate, Obama, Bush, Clintons, all Neo-cons; all of whom are from the same egg AND who represent the people who operate and control everything behind the curtain. Party doesn't matter. I've said it for years, Bush Jr. looks like a little Monkey. It's ok to say that. Michelle Obomber Looks like a Gorilla. Sorry, she just does. And if I can talk that way about a white guy, I can talk that way about a black woman. Fuck 'em all.

moorewasthebestbond's picture

Prepaid debit cards, which allow cash users to function in the plastic world... are getting harder to buy. American Express now limits their prepaid cards to only $225, some places require ID, and some don't take cash.

 

Not to menton Green Dot moneypak which they killed off abbout two years ago.

Nomad Trader's picture

Cashless is the direction we're heading. Whether it takes 20 years or 100 years people will one day giggle about our silly paper notes. With that in mind, do we think it will be inflationary or deflationary? I say  inflationary.  First, consider why casinos use chips instead of paper money - because of the psychology of it not appearing to be money. Second, its a lot easier to swipe on a reader than to go to the ATM, withdraw the cash, go back to the store, pull it out of your wallet etc. Australia is basically cashless already. I used the ATM once in 3 months last time I was there. And I always spend more than I used to due to the shear ease of it.

charlie303's picture
charlie303 (not verified) Nomad Trader Mar 3, 2017 5:40 AM

I disagree.
Cash should always exist, even if not necessarily in a paper form.

peterk's picture

WRONG.. cashless is NOT the way we are going

THe talk of  going cashless is just a SIGN that the peak in the bind bubble is happening.

You will see a great RESURGENCE of  cash shirtly imo,  when markets crash, CASH WILL BE KING, and governments will want in on the action to control economies

as they slide down, so they will PRINT like neve before.

Remember,  BANKS  PRINT digital money

but GOVERNMENTS PRINT  CASH MONEY.

THe former do so in boom times, ie in asset bubles

the later in   times of BUST, in reessions.

peterk's picture

WRONG.. cashless is NOT the way we are going

THe talk of  going cashless is just a SIGN that the peak in the bind bubble is happening.

You will see a great RESURGENCE of  cash shirtly imo,  when markets crash, CASH WILL BE KING, and governments will want in on the action to control economies

as they slide down, so they will PRINT like neve before.

Remember,  BANKS  PRINT digital money

but GOVERNMENTS PRINT  CASH MONEY.

THe former do so in boom times, ie in asset bubles

the later in   times of BUST, in reessions.

HenryKissingerChurchill's picture

Cashless is the direction we're heading. Whether it takes 20 years or 100 years people will one day giggle about our silly paper notes

If you haven't read 2 or 3 old school dystopias it is your own fault honey... you do not giggle in such a dystopia.

AlbertthePudding's picture

No!..over millions and millions of peoples dead bodies!

Digitization is suicide in all its manifestations. Its an aid to living not the reason for living.