Is Australia Going Cashless? – Demonetization & Crackdown Coming Soon

Josh Sigurdson talks with author and economic analyst John Sneisen about the recent push to demonetize the Australian cash and coin in circulation.
Several economists have recently called for the 100 Australian Dollar note to be taken out of circulation to stop… well, you know, the usual “bad deeds” that freedom of transactions without the watchful eye of the state are usually accused of.
This call for ending the 100 dollar note also includes many calling for the 50 dollar note to be taken out of circulation as well. This is a startlingly slippery slope that we’ve seen far too many times before.
Under the guise of convenience comes totalitarianism and complete monetary control. This is the incremental push towards the global cashless society which Australia has already found itself in the middle of in recent years. Considering the attempt to completely switch all paper passports to facial recognition in Australia over the past few years, this is obviously nothing new.

If your money’s in the bank, it’s not yours, it’s the bank’s. If your money is always going through the bank via digital transactions and legal tender laws, it’s never your money, it’s always the bank’s and you’re essentially at the heel of the government and banking system. This is destructive to privacy. This is destructive to free humanity and humanity must resist.

Stay tuned as we continue to cover this constantly growing problem.

Video edited by Josh Sigurdson

Josh Sigurdson
John Sneisen

Graphics by Bryan Foerster and Josh Sigurdson

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  • Andrew P.

    *A few points for your Australian viewers*

    1. *We also just got bail-in laws* (On February 14 2018, the Federal Parliament passed the Financial Sector Legislation Amendment act with just six senators present, this allows APRA to take over banks and distribute your money)

    2. The $250,000 guarantee is a lie, it is capped at $20 billion per ADI (consider this, only $20 billion of Commonwealth Bank’s $300 billion worth of deposits are guaranteed)

    3. ANZ tested their bank holiday system Thursday last week. (A ‘glitch’ left customers unable to withdraw more than $200)

    4. Malcolm Turnbull and his Son are both Goldman Sachs bankers

  • Crypto Node

    Josh, please do a segment on why the U.S. Government doesn’t want to Protect Consumer Data. Maybe because they are the ones that benefit most from spying on everyone around the world including its own citizens… at least the EU is doing something about it. Whatever happened to the consumer protection agency, do they even exist anymore?

    I just received this message from Google:
    Next May, Europe’s new General Data Protection Regulation (GDPR) comes into force, replacing the 1995 EU Data Protection Directive. It ushers in a new era, unifying data protection rules across Europe, strengthening the rights of EU citizens and placing new obligations on all organisations that offer goods and services online. We will continue to evolve our privacy protections and practices to meet the GDPR’s requirements. Our aim is always to keep data private and safe.

  • Steph Fran

    The most common response to this, “who cares, I’ve got nothing to hide”, most remain clueless to the ramifications.

  • dtzman

    John still struggling with the borrowing /lending issue. It just won’t go into that norwegian head that you borrow FROM a bank or somebody and not to.

  • First Last

    No quicker way to enslave you than cryptos. People profiting becoming the useful idiots. Cryptos are not truly “decentralized”.

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