Ron Paul: "A Cashless Society Is Very, Very Dangerous"

As the global war on cash continues to accelerate, outspoken libertarian Ron Paul summarizes the effort to eliminate cash perfectly - as an “attack on individual freedom.”

Restricting and discouraging the use of cash, suggests Paul, has always been a goal of statists as a means to reduce individuals’ independence.

“A cashless society is very, very dangerous,” continues Paul.

Watch the complete interview, which includes an extensive discussion of economic issues and the Federal Reserve, here:

In September of 2015, Paul further discussed the war on cash at the Ron Paul Liberty Report with Joseph Salerno, a professor of economics at Pace University. Watch that interview here.

So we know how is hurt by the cashless society, consider just who is gaining from this war on cash.

The banks, of course, are charging as many fees as they can think of. More importantly, your cash card leaves a wide data trail detailing your buying preferences, used by merchants and advertisers to entice you into more buying. How convenient. These thoughtful companies even offer reward points every time you use the card. Cash offers the ultimate in privacy. Your cash card might as well be a walking billboard.

The government, of course, is extremely interested in your spending habits. The taxing authorities use an electronic money trail to monitor your spending and ensure against tax evasion. In addition, cards save the government the cost and trouble of printing and storing additional currency.

Your electronic purchase trail is nirvana to large corporations. Knowing your spending habits allows them to customize their ads to an ever-larger consumer base. They know what you need before you do and are ready to entice you with specials, sales and “act now” deals.

Comments

NidStyles . . . _ _ _ . . . Wed, 06/06/2018 - 17:32 Permalink

I prefer to not have any system where I am not a part of the measurement of value. 

 

Any system left up to external parties is a system where the pricing and choice mechanism is simply non-existent. 

 

It’s like letting homosexuals make your value judgements for you when you’re straight. They will continue to try and convince you otherwise further destroying any chance of them ever having your respect on a personal level.

In reply to by . . . _ _ _ . . .

NidStyles . . . _ _ _ . . . Wed, 06/06/2018 - 17:32 Permalink

I prefer to not have any system where I am not a part of the measurement of value. 

 

Any system left up to external parties is a system where the pricing and choice mechanism is simply non-existent. 

 

It’s like letting homosexuals make your value judgements for you when you’re straight. They will continue to try and convince you otherwise further destroying any chance of them ever having your respect on a personal level.

In reply to by . . . _ _ _ . . .

PrayingMantis NidStyles Wed, 06/06/2018 - 19:35 Permalink

 

   ... “ ... The banks, of course, are charging as many fees as they can think of ... “ ...

 

... simple math ...

            ... banksters pay you 1% interest on your savings account if you leave your cash-in-bank ... 

            ... banksters charge ave. 19% on credit card balances ...

            ... banksters charge merchants ave. 4% on every customer purchase ...

            ... banksters “take”, ave. 22% ... win/win for the banksters ... Rothschild’s happy ... 

   ... Ron’s right ... “cashless” ... we lose ... 

            ... to win a bit, pay credit card balances in full before interest kicks in ... 

 

In reply to by NidStyles

TheGardener CuttingEdge Wed, 06/06/2018 - 17:30 Permalink

Cashless hate here for sure  but would probably mean me no longer any consumer they could count on. Can`t think of anything I would want to buy without anonymity .

Only bare necessities and swap able items. Toilet paper , cigarettes and alcohol only and all the rest on barter. May not need much since growing/shooting almost all my food anyway.

War on cash might turn out to be as effective as the war on productive incentives by the socialists.

In reply to by CuttingEdge

mad mad world Wed, 06/06/2018 - 17:07 Permalink

Yeah it'll be real good when lights are out and you can't use your CC/debit card to buy stuff. I am not going to blame the lovely Jewish people because I got banned twice. I am sure it's my comment about the Jews that got me banned.

zob2020 PlayMoney Thu, 06/07/2018 - 05:47 Permalink

In that world cash still had a purchasing power. In a truly cashfree society cash is just paper that cannot be exchanged for a damn thing except perhaps to a collector. But better wait a few decades until cash actually becomes rare for that.

No the real danger is whether you are allowed to buy things even with electronic money. Such as are you pre-approved to buy certain products or services. Are you allowed to leave the country and can your money even be spent abroad at all... Hell all the prices could even be personalized based on personal social worthiness for what little you ARE allowed to own or buy.

And so barter returns.. but which items will be really valuable??? Books are often banned sure... but isthe rebellion worth it one can wonder. Ebooks ad movies would be near useless just remove electricity or simply ban them via DRM.

In reply to by PlayMoney

TheWholeYearInn Wed, 06/06/2018 - 17:13 Permalink

Ron Paul is right ~ "A cashless society is very very dangerous"

 

But then:

 

- So is a society with NUCLEAR WEAPONS

- and how long has that gone on?

- and how long before North Korean dictators, or Israelis, or anyone else get their hands on one?

- and how long before an earthquake comes along and destroys their missile silo?

- and how long after that does a Donald Trump come along and try to win a Peace Prize on the heels of some oddball incident?

 

There are no answers... Only new questions

TheWholeYearInn truthseeker47 Wed, 06/06/2018 - 17:43 Permalink

I just write shit like I did above as a litmus to see just exactly how many sycophants Trump actually has.

 

At this point, it's borderline 'Peggy Joseph-ville'

 

& as a matter of fact ~ since:

 

- Trump is 100% an Israel CUCK

- And since jew bankers control the world's economy

 

There's really not much to worry about is there? (on his watch ~ unless he goes off the reservation, which he NEVER will because he made his billions being a jew cuck).).

 

What's COMICAL are the cognitive dissonants (like mosley) who are OK with this. Me? I just sit back and watch the idiots jack off all over themselves & then break out a box of Kleenex. It's like a B-Grade porn flick.

In reply to by truthseeker47

Conax Wed, 06/06/2018 - 17:14 Permalink

Cash, privately owned vehicles, freedom of speech, travel, association, private property and self defense are all on shaky ground. If these trends aren't reversed we will all be prisoners in the world's largest prison camp. If they want us to go somewhere the camp bus will pick us up. If we buy anything it will be from the camp store. When they come to shake us down, we will thank them as they leave. For leaving.

Cash = privacy = freedom. Dr Paul is right, as always.

bluez Wed, 06/06/2018 - 17:14 Permalink

Of course you would have to be an idiot not to know that cashlessness is just another way for "them" to track /you/.

How hard is it to figure out?

Wahooo Wed, 06/06/2018 - 17:19 Permalink

Banks don’t like cash. Withdrew 3K the other day and the teller says his sysyem requires him to enter what I planned to donwith the cash. I thought for a second and said “I plan to spend it.” I don’t know what he typed in.

Antifaschistische Wahooo Wed, 06/06/2018 - 19:52 Permalink

funny...I went to a bank a couple of weeks ago and asked for a banded stack of twenties.   She looked at her computer screen and said, yes we have four "in the back".   FOUR!!!  This is a very busy bank...across the street from Memorial Mall in Houston...and all you've got in $8,000 in 20's?    The 'cashless' agenda is moving moving very fast.

 

In reply to by Wahooo

moonmac Wed, 06/06/2018 - 17:34 Permalink

The chip in my Debit Card stopped working which was a blessing because now I pay cash for everything and my bank accounts are finally protected from thieves.