by Llewellyn H. Rockwell, Jr., Gold Seek:
Cash is the king.
So the old adage goes anyway, and for the prepper – the one who’s keeping abreast of current events – cash is one of the last man-made means of protection that he or she has against governments that have grown to a degree of power that they never had before.
The Dangers of a Cashless Society
There are two predominant dangers that come with a cashless society, and just about every negative that you can think of due to such will fall into one of these two groups:
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- Denial of purchasing power
- A complete loss of anonymity
Denial of Purchasing Power
A cashless society is a controlled society. If everything must go through an online banking or credit card process, then you have just lost virtually all control over what you buy.
Anything that is not politically sanctioned(guns, ammo, body armor, helmets, particular books, particular website premium subscriptions, political donations, etc.) could very easily be vaporized overnight.
This, of course, would drive the makers and holders of such products into a black market to barter their goods, and this in turn would be responded to by the use of overwhelming government force. This will come in the form of Stryker vehicles, concussion grenades, snipers, and men with automatic rifles and body armor.
Don’t believe me? Read FA Hayek’s The Road to Serfdom. Totalitarian governments must resort to force simply for the sole reason that people will naturally refuse to comply with widespread theft of their own goods. This force will only continue to grow in its usage.
Totalitarians do not accept blame for their own economical failures. The state is the end of all things to them, and as such, the end justifies the means – no matter how terrifying such a means may be.
A Complete Loss of Anonymity
Once cash is abolished everywhere, your attempts at any form of anonymity will be destroyed.
You already have an amazing amount of data that has been collected from you from your Internet search history, GPS data, voting history, bank statements, credit card statements, phone data, and a host of other publicly available information that easily allows people to deduce information from you.
And where humans fail, algorithms thrive. I have a hobby interest in algorithm creation (particularly multiple linear regression analysis) and have used it within my healthcare job as a means of predicting patient attendance rather accurately on any given day. I’ve also used them to (somewhat less accurately) predict when a patient was going to have episodes of heart block.
Algorithms are a powerful tool, and the more data you feed them, the stronger they get. With the amount of data that has been collected on you already, the government may be able to make a much stronger prediction about who you are, what you believe, and what you possess than you would’ve ever thought possible.
Just think about what a cashless society would mean for the following purchases:
- Medicine – The government can now invade your medical privacy to see what meds you need to live as well as know what could either improve or hamper your condition. For those who don’t believe that this is a concern, just keep in mind that it wasn’t that long ago that the US military was warning its soldiers against getting genetic testing to determine their family tree. Why? Because it was deemed to be a security risk. What do they know here that we don’t?
- Food – Algorithms can easily predict when you are buying much more than what you could eat within a particular span of time. This then means that food stores can be predicted and located. Come disaster time, your house could easily be one of the first that is targeted for “hoarding”. And what happens if it’s determined that those with large food stores are likely to be “domestic terrorists”?
- Firearms and Body Armor – This is the low-hanging fruit here. Weapons, ammunition, body armor – they could all be easily tracked (and later confiscated). Buying “too much” of one particular product may cause red flags to be attached to your file, and you could very easily end up with a visit from an alphabet agency full of men carrying what is now a felony for you to own.
- Ham Radios – There already seems to be an attack against ham radio users as the government has realized that this is the route that many fearing censorship/silencing are turning toward. If you can shut down all communication other than what is government sanctioned, you have effectively silenced free speech.
- Media – Do you like to watch documentaries that may be labeled as conspiracy theories? Is it that hard to imagine a “misinformation tax” to discourage Americans from imbibing in certain forms of media? Why not? We’ve already seen the “death by a thousand cuts” approach being used with firearms so that the argument can be made that “no, you can have a gun, but you just have to fill out these fifty forms, pay a $4000 fee, and have a license. See? There’s no infringement whatsoever.”
To think that the same idea couldn’t be applied to the news commentators that you like to listen to is naive.
Here are some arguments that will be used for a cashless society:
Physical Money Shortages
Throughout 2020 we were told that there was a coin shortage throughout the U.S.
As a result, retailers either quit giving coin change back or strongly discouraged customers from asking for it.
Kroger actually resorted to either giving you back your money in the form of credit vouchers (to that particular store of course) or by donating the change that they owed you to charity.
Control Over Dangerous and Illegal Purchases
In what can only be viewed as an incredibly ironic wordsmithing, we will be told that one of the benefits to a cashless society is that we can finally rein in purchases that are deemed by the government to be dangerous to the public.
Guns, ammunition, freedom-oriented books (“radical terrorist recruiting material”), and the like will be argued against so that we can keep our society safe. Notice that there is always an emphasis on safety throughout this entire process.
A Fomite of Disease
Once again, 2020 set the stage here. Cash purchases plummeted worldwide, with credit cards filling in the void as people began to avoid any and all cash purchases with the hopes of not getting themselves sick.
