Anyone looking into Parliament House from the outside could be forgiven for concluding that most of the people inside have lost their minds. Over the past two years, the insiders used a new seasonal flu as an excuse to destroy life as we knew it with lockdowns. Now they want to take control of your money, which could mean to cancel cash.
The insiders wrecked the health system, the economy, small businesses, and people’s lives. They destroyed trust in the police, trust in doctors, trust in science and used lies to turn half of the population against the other half.
Not satisfied with what they’ve already done, they are trying to push us into a digital currency they control. This is known as Central Bank Digital Currency (CBDC).
As Australian citizens we should be concerned about the disadvantages of a Central Bank Digital Currency.
Traceability: In the case where physical cash is eliminated entirely this eliminates our ability to transact in a fully anonymous manner.
Negative Rates: With CBDCs, you cannot withdraw your digital tokens and hold them under the mattress. If there is no option for physical cash this gives central banks ability to implement negative interest rates.
Programmability: CBDCs give central banks a unique opportunity to make money “programmable.” For example: Expiration, with a direct relationship with your central bank, CBDCs could permit a currency expiration policy. Your money could be programmed so that if you don’t spend the $5000 in your account by next Saturday, it will expire.
Personalised monetary policy: With a bank of Big Data on individual spending habits, coupled with digital identification infrastructure, the central bank will have enough information to tailor its monetary policy personally.
For example if it is known that lower earners have a higher propensity to consume, stimulus can be directly delivered to those people.
Personalised monetary policy could even become politicised. A government could segment its voters, identify communities where it is behind in polls, and deliver stimulus to these groups.
We therefore ask the House to enshrine the use of cash in law.
Here is the link to the petition. All Australians are urged to read and consider signing it.
Australia’s major parties have failed the people many times, and this issue is one more failure by them because they are not thinking about real life. Politicians can’t be trusted to not cancel the use of cash.
One Nation and a few active senators already prevented the government from outlawing the use of cash for transactions over $10,000. That is only one step.
On that issue, Senator Roberts said, “This is a fantastic win for all Australians, particularly rural and elderly Australians where the use of cash is still prevalent.”
If there is only digital currency, imagine what will happen if you want to buy something, but there is no internet access? That could easily happen if we allow them to cancel cash.
“This bill was never about tackling crime or money laundering, and instead criminalised the use of legal tender, cash, for everyday Australians.” Senator Roberts said. “I would like to thank the many groups who organised community campaigns against the cash ban bill including the Citizens Party, the John Adams and Martin North show, Heise Says, Nugget’s News, Taxpayer’s Alliance, Bank Reform Now and The Bitcoin community.”
Do you trust the government to run your life? Just think about how well governments serve the people. If the government and their central bank control everything about your life, how much better or worse would it be than you managing your own life?
If you have ever needed a Centrelink payment, how well did they handle that? Were you or someone you know involved in Robodebt?
Did you want to cross a state border in the past two years, but the government decided to close the border.
Did you want to travel, but they shut down the airlines? Did you want to visit a loved one at home, or in hospital? Did you want to pay your respects to a friend or relative who died, but the government said you couldn’t?
That is how well governments run your life.
Read the petition here. If at least 100,000 signatures are not received, they will ignore this request and could cancel cash.