Warning over loss of cash

The move to eliminate cash has some flashing red signals.

2021 looks like being the pivotal year in the war on cash and fiat currencies in general. Quantitative easing, or the creation of money out of nowhere, has distorted and destroyed the confidence many commentators have shown in the value of currencies and is due to show up in raging inflation later this year and into the near future. The pandemic is the perfect cover. Going digital is portrayed as a logical progression, but wait: it is one thing to outlaw cash, or wipe a digital process by law; or even level out wealth by interfering with government-backed personal digital balances, but quite another to pull in all gold and silver coins and bullion and other perennial assets.

Control is the operating principle: control over everybody else. China, as you would expect, is ahead of the pack, expecting to eliminate cash in 2022, already well advanced with a government-backed digital currency.

If you value your freedom, privacy, integrity, or even personal dignity it is time to sort the sheep from the goats, smell the roses, reflect on the road we have been persuaded down, and make a stand for the values that our forefathers fought for so valiantly.

Chris Purdon, Ha¯ wera