Slavery and Digital Legal Tender

Friday, February 26, 2016
Posted in category Economics

On January 31st, the Bloomberg View Editorial Board produced what may be the most unhinged and Orwellian piece I have read in quite some time: “Bring on the Cashless Future.”

Cash had a pretty good run for 4,000 years or so. These days, though, notes and coins increasingly seem declasse: They’re dirty and dangerous, unwieldy and expensive, antiquated and so very analog.

The article goes on to say that digital legal tender would provide “the stability of a government mint.” Also hailed is the notion that a digital legal tender would allow governments to impose negative interests rates, and to add to that, central banks could set and manipulate exchange rates between paper and electronic money to cause paper to depreciate against its electronic counterpart, thereby eliminating the incentive to hold cash. And this in turn would allow governments to force negative interest rates, which, in the Keynesian world, would “boost consumption and investment.”

The key to pushing this on the American people, says Bloomberg, is to engender “trust.” A electronic legal tender makes all transactions traceable. But the traceability of transactions would never be used against us, of course, because we would all trust our enabled slaveholders in D.C. and Banksterdom to do the right thing and protect our freedom. So the key, notes this article, is convincing the public they are “better off” without cash via the employment of a carefully crafted propaganda campaign.

Of course, with cash, one can opt out of the corrupt system by hoarding cash (as I do); engaging in underground transactions; and voluntarily transacting by way of casual sell-buy relationships with street vendors, crafters, home handymen, miscellaneous service providers, etc. Hence the hatred for cash and the little bit of freedom that one can squeeze from it.

Thanks to Casey Research for the tip. Follow me on Twitter @karendecoster.


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One Response to Slavery and Digital Legal Tender

  1. Tom says:

    March 6th, 2016 at 11:36 am

    I’ve been saying for some time now that if the government and banks are pushing a cashless society, it’s because they already have a workaround in place to keep their illegal drug business and money laundering going for themselves while hiding illegal transactions becomes next to impossible for everyone else.

    But what if the workaround is to abandon archaic plant-based drugs like the opiates, cocaine, and marijuana and shift to a pure chemical substance like soma of Brave New World? If they can declare this new drug to be “safe” like everything else from Big Pharma (sure!) and make it legal to purchase with your digital money then more profits than ever will continue to roll in with no messy overseas production, no dangerous smuggling, no money laundering, and best of all, no freelance competition. Watch for it soon — a legalized soma-like recreational drug from Big Pharma, touted as relieving stress, improving sex, and letting you dance all night without fatigue.

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