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They are implementing a digital transaction control grid that restricts how you use your money, when, and where. Your money could be disabled beyond a certain distance from your home, or taxes could be deducted directly from your account. This system will likely be overseen by global entities like the Bank of International Settlements, rather than national central banks.

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We must not allow the elimination of cash. If we rely solely on central bank digital currencies, the computer will anticipate our actions and prevent us from doing certain things. For instance, if there is a restriction on traveling beyond 5 miles from home and you attempt to buy water 6 miles away, you will be denied. There are numerous reasons why it is important to keep cash.

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Losing cash and relying solely on central bank digital currencies would give authorities the power to predict and control our actions. They could prevent us from doing things like buying a bottle of water if it goes against their rules, such as not leaving our house beyond a certain distance. This is why it's important to keep cash. It's concerning that politicians think they have the right to access all our information.

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We've lived under a system where bankers manage monetary policy and elected officials handle fiscal policy. If we centralize control over both, we risk losing personal freedom. This could lead to a digital monetary system where authorities dictate how and where we can spend our money. For example, during the pandemic, restrictions could limit our spending to certain areas or items. It's crucial to preserve cash and checks to maintain an analog system. Experiences from disasters, like the cyclone in New Zealand, highlight the importance of cash for transactions when digital systems fail. Countries like Norway are recognizing this need and are reversing the trend toward a cashless society. Without cash, people face significant challenges during emergencies.

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They will impose digital ID on everyone, but it's not necessary. They want control, so decline it. They also plan to introduce central bank digital currencies, which will track your purchases. They claim cash will still be available, but they will find a way to remove it. Use cash whenever possible and avoid businesses that don't accept it. If you don't resist these measures, it could lead to a dangerous future. They want to take control and potentially harm people. It's important to consider this alternative perspective and protect your freedom and property.

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We are heading towards a future where freedom is at risk. By 2030, Britain may restrict travel and eliminate private transportation, requiring digital IDs and electronic money for all transactions. This level of control has been building for decades, and we must resist now to prevent becoming slaves to a cashless society.

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The speaker describes Thailand implementing a biometric-based system that consolidates everything under one roof and ID folder, enabling authorities to “switch you off at the touch of a button.” Suddenly, over 3,000,000 people had their bank accounts shut down, causing a banking crisis as biometric data is used in every facet of life. Every banking transaction is monitored and scrutinized; any perceived discrepancy is flagged as fraud and punished without due process. Regulations overwhelmed the system, resulting in a full-fledged banking crisis. Over 3,000,000 Thai bank accounts were frozen instantaneously without warning. Transactions are denied, and when people contact their bank to understand why payments failed, they learn that their entire account has been frozen. The bank is investigating them for suspicious activity and potential money laundering or fraud, with no warning, no call or letter, and no clarification about which transaction was flagged. People are completely locked out of their accounts, losing the ability to purchase, fill their gas tanks, or buy groceries. They have been removed from the financial system, and there is no indication of when, or if, they will regain access to their funds. This is the reality for millions of people banking in Thailand. The situation caused widespread fear and panic, leading retailers to stop accepting cards and demand cash, as they also worry about being removed from the banking system. Confidence in the government and the entire banking system evaporated. People rationally fear that their accounts will be targeted next without warning. Government overreach backfired, causing people to withdraw from the banking system altogether, and the speaker notes this as a positive development to see people keeping cash alive. The speaker suggests the episode serves as a test case for what digital ID is going to do and as a warning against accepting it. The closing remark states that the controversy over Charlie Kirk is less important than what will be done with this technology. What matters, according to the speaker, is what they’re going to do with it.

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The speaker describes a system introduced in Thailand that centralizes biometric data and requires all ID and financial information to be under one roof. They claim this led to an immediate, nationwide disruption: "simultaneously, over 3,000,000 people had their bank accounts shut down." Thailand is framed as a case study for the use of biometric data in every facet of life, with "Every banking transaction [being] monitored and scrutinized." Any perceived discrepancy is said to be flagged as fraud and punished without due process. According to the speaker, regulations overwhelmed the system, resulting in a "full fledged banking crisis." They assert that "Over 3,000,000 Thai bank accounts were frozen instantaneously without warning as a result of government overreach." When people attempt to check why a payment failed, they are reportedly told that their account has been frozen. The claim is that "All of your accounts for that matter" are frozen, and the bank is "investigating you for suspicious activity and potential money laundering or fraud." There is said to be "no warning, call, or letter, and there is no clarification as to what transaction was flagged." The outcome is described as being "completely locked out of your accounts," losing the ability to purchase, fill your gas tank, or buy groceries. The speaker notes that millions are facing this reality in Thailand, and that the situation has "freaked the entire country out." They add that "thousands of accounts are frozen each week" and that panic has ensued. Retailers are no longer accepting cards and are demanding payment in cash as they worry about being removed from the banking system. Confidence in the government and the entire banking system is said to have evaporated, with people "rationally fear[ing] that their account will be targeted next without warning." The speaker asserts that government overreach has backfired, leading people to remove themselves from the banking system entirely, which they describe as "a really good thing to see, folks." The narrative frames this as a backlash that demonstrates the necessity of keeping cash alive and relying less on a digital system. It is presented as a test case for what the digital ID will do, and a warning against accepting it. The speaker contends that many warnings have been issued for a long time, and emphasizes the need for people to see what is happening. In closing, they say, "All everyone's been arguing over whether Charlie Kirk died or whether he didn't. It doesn't matter. What matters is what they're gonna do with it."

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Three Australian cases illustrate bank overreach amid crypto, Know Your Customer rules and digital-ID talk. A woman known as Mantra Moments says a bank froze her account after a crypto purchase; after a second attempt, staff asked for private information about a friend. “Your restriction stays for two more days,” and “We’re keeping you safe,” she says, leaving her unable to pay rent. In another case, a customer withdrawing cash for construction faced demands for invoices; maximum without proof is $4,000 a day; “we need proof” and “there's a lot of scams... protect you from being reckless.” A third story: Katie McMaster was locked out of HSBC, told to verify identity with “100 points of ID” after no suspicious activity; recall of “know your customer” and warnings that digital ID/digital currency/social credit are coming. Promo: free webinar Oct 9 privacyacademy.com/pulse.

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We must not rely solely on central bank digital currencies because they could control and restrict our actions. Keeping cash is crucial to maintain privacy and freedom. It's concerning that politicians think they have the right to access all our information.

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I just did a Fox News appearance in Washington DC, where I talked about digital currency and Central Bank Digital Currencies (CBDCs). I had a revelation about CBDCs during the truckers protest in Canada. The protesters were peacefully asking for their rights, but the government took pictures of their license plates, used news stories to identify them, and then shut down their bank accounts and credit cards. This left them unable to work, pay their bills, or support their families. This made me realize that freedom of currency is as important as freedom of speech. If the government can starve you financially for dissenting, we are living in a concerning situation.

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Bitcoin became significant to the speaker after witnessing the Canadian government shut down truckers' bank accounts using AI facial recognition and surveillance technology. These truckers were peacefully protesting, and their accounts were frozen, leaving them unable to pay for necessities like mortgages, fuel, and food. The speaker realized that transactional freedom is as crucial as freedom of expression. If the government can punish individuals by cutting off their financial resources without charging them with a crime, they possess the power to enslave the population. The speaker warns that any power the government acquires will eventually be exploited to the fullest extent possible.

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There is a push towards digitalization for safety and convenience, but we must unite against losing freedoms. Central bank digital currencies are advancing globally. Localism is key - use cash, support local farmers, and keep money circulating within communities to empower local economies. Embrace localism over globalism for a more nuanced debate. By taking control of our local economy, we retain power and autonomy.

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A big bank has confirmed that some branches no longer handle cash over the counter, directing customers to smart ATMs instead. The number of ATMs has decreased by more than half since 2017. In a conversation, one person asks for change but is told that cash is no longer used. The other person agrees, stating that not having cash is more convenient. This marks another step towards a cashless society.

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It is crucial to avoid being tracked by the system controlled by Mr. Global. The goal is to establish a fully digital system that can be centrally controlled. This would allow for limitations on money based on location and restrict what and when you can purchase. Additionally, it could enable taxation without consent and complete control over individuals. For instance, if a vaccine mandate is issued, disobedience could result in the suspension of financial transactions and access to assets.

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Freedom of speech is important, but the freedom to transact is crucial. If the state restricts your ability to buy things using digital currency, it can control your movements without physical barriers. Central bank digital currency can monitor and limit your transactions, making it challenging to buy essentials like food, fuel, or transportation tickets.

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As ATMs and bank branches close, Australia is moving towards becoming a cashless society. Businesses like KFC, Krispy Kreme, and Nando's have already stopped accepting cash, and even Macquarie Bank is phasing out cash transactions. Economist Richard Holden predicts that within five years, Australia will be functionally cashless. However, there are concerns about the impact on older Australians and those in areas with limited internet access. Sweden, the first nation to introduce banknotes, is also on the path to eliminating them, but faced backlash due to difficulties in paying for essential goods. Lobby group Cash Welcome warns that Australia should learn from Sweden's experience. Despite the shift towards digital payments, Australians still withdraw $8 billion in cash each month.

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What if an organization like Ericsson controlled the internet? It raises questions about how a non-government entity could hold a government hostage through its monetary system. This situation has already occurred with the current system, particularly with the Federal Reserve and SWIFT, which operates privately. For instance, withdrawing over $10,000 from a bank often prompts questions about the purpose. Debanking is also becoming common. A personal example is the 2019 shutdown of Lebanon's Central Bank, which left many without access to their funds, while local politicians managed to retrieve theirs. People often remain unconcerned until a crisis directly impacts them, similar to the 2008 real estate crash, highlighting how governance and private sectors often disregard individual concerns until they face legal consequences.

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Debanking occurs when individuals or companies are removed from the banking system, often due to political reasons. This has notably affected right-leaning individuals and businesses, while those on the left seem largely unaffected. For instance, some have been debanked for expressing conservative views or being involved in industries like legal marijuana or firearms. This trend has intensified over the last 15 years, with recent actions targeting tech and crypto entrepreneurs. The government applies pressure on banks to debank these individuals, creating a system without due process or accountability. Many affected individuals are forced to operate in cash or seek alternative means to manage their finances, often leading to significant disruptions in their lives and businesses.

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We can scare the global population and gain control by implementing measures like vaccine passports and travel restrictions. There are concerns about a potential bank crisis and the introduction of a central bank digital currency that could allow authorities to control people's ability to purchase goods based on their social credit score, similar to China. Some technocrats in the US may support such measures. It's important to question the guarantee of every deposit, regardless of its size.

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We're withdrawing funds to pay the workers today. I've noticed banks are becoming more difficult. To withdraw $5,000, they're asking for a Social Security number and ID at Bank of America and Chase. It's strange because when we opened the account, they only asked for a passport, and we opened it with $200. Now, they're asking for many requirements, maybe policies are changing. I hope this doesn't affect loans. I used to get loans with just a number, though the interest was a bit high. I want to see if I can still submit documents to buy a house, and I'll keep you informed. It's concerning because when you enter the bank, they look at you with suspicion. We'll see how things continue according to the laws. Greetings to all, and let's keep moving forward.

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Speaker 0: Once you've got everything under one roof and you've got all your ID together in one place, it means you can be switched off at the touch of a button. So they brought this system in in Thailand, and suddenly, like simultaneously, over 3,000,000 people had their bank accounts shut down. Thailand has become a case study for the use of biometric data in every facet of life. Every banking transaction is monitored and scrutinized. Any perceived discrepancies flagged as fraud and punished without due process. Regulations have overwhelmed the system resulting in a full fledged banking crisis. Over 3,000,000 Thai bank accounts were frozen instantaneously without warning as a result of government overreach. Transaction denied, you'd contact your bank to see why the payment failed only to learn that your account has been frozen, all of your accounts for that matter. The bank is investigating you for suspicious activity and potential money laundering or fraud. There was no warning, call, or letter, and there is no clarification as to what transaction was flagged. You're completely locked out of your accounts. You have lost the ability to purchase. You cannot fill your gas tank. You cannot purchase groceries. You've been completely removed from the financial system, and you do not know when or if you will regain access to your funds. This is the reality for millions of people banking in Thailand. That's crazy stuff, folks, and this freaked the entire country out. But the article goes on to say, thousands of accounts are frozen each week. Panic has ensued. Retailers are no longer accepting cards demanding payment in cash as they too are worried that they will be removed from the banking system. Confidence in the government and the entire banking system evaporated. People rationally fear that their account will be targeted next without warning. Government overreach has backfired, and the people are removing themselves from the banking system entirely. And that's a really good thing to see, folks. Yeah. So it backfired, and it caused the people in Thailand to see how much they need to keep cash alive and depend on cash. And it's saying it serves as a test case for what this digital ID is gonna do. Well, it also serves as a test case for why you shouldn't accept it. And so many of us have been warning about this for so long, folks, and it's imperative that people see this because this is what's been going on. All everyone's been arguing over whether Charlie Kirk died or whether he didn't, it doesn't matter. What matters is what they're gonna do with it.

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Debanking occurs when individuals or companies are removed from the banking system, often due to political reasons. For example, some right-leaning individuals and businesses, like those in the marijuana or crypto sectors, have faced debanking. This practice has intensified over the past 15 years, with the government exerting pressure on banks to deny services to certain political opponents or disfavored industries. Many tech founders and crypto entrepreneurs have been affected, leading to a significant number being debanked or facing legal threats. The SEC has also contributed to this by issuing Wells notices, which signal potential future charges, creating an environment of fear and uncertainty. Ultimately, this results in individuals resorting to cash transactions and other means to manage their finances, as they navigate a system lacking transparency and accountability.

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What if an organization like Ericsson controlled the internet? It raises concerns about non-government actors potentially holding governments hostage through monetary systems. This has already occurred with the Federal Reserve and the private nature of systems like SWIFT. For instance, withdrawing large sums from banks often leads to intrusive questions, and debanking is becoming more common. A personal example is the 2019 Central Bank shutdown in Lebanon, where many lost access to their funds, while local politicians managed to retrieve theirs. People often remain unconcerned until they are personally affected, similar to the 2008 real estate crash, highlighting how governance and private sectors operate until individual interests are at stake.

Armchair Expert

Brett Scott (author on cashless societies) | Armchair Expert with Dax Shepard
Guests: Brett Scott
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In this episode of "Armchair Expert," hosts Dax Shepard and John Baringer welcome Brett Scott, a monetary anthropologist and author of "Cloud Money, Cash, Cards, Crypto, in the War for Our Wallets." Scott discusses the evolution of money, emphasizing the cultural and systemic implications of cash versus digital currencies. He critiques the simplistic narratives surrounding modern finance, particularly the allure of cryptocurrencies and the push towards a cashless society. Scott explains that anthropology offers a broader understanding of money, focusing on its cultural impact rather than just its economic utility. He contrasts this with traditional economics, which often assumes a natural progression towards market systems. He highlights that early forms of money, such as shell money, served specific ceremonial purposes rather than functioning as universal currency. The conversation shifts to the historical development of money, detailing how private banks once issued their own notes and how the current system is dominated by central banks and commercial banks. Scott uses the metaphor of casino chips to illustrate the distinction between state-issued cash and bank-issued digital money, explaining how banks can create more digital currency than they hold in cash, a process known as fractional reserve banking. As the discussion progresses, Scott addresses the motivations behind the push for a cashless society, identifying key players such as banks, payment companies, and the state. He notes that while convenience is often touted as a benefit of digital transactions, it can lead to increased dependence on centralized systems, raising concerns about surveillance and censorship. Scott also critiques the narrative that cash is unsafe, pointing out that digital transactions can be more vulnerable to fraud. He argues that the COVID-19 pandemic accelerated the war on cash, with many institutions using health concerns to promote digital payments despite evidence to the contrary. The episode concludes with a discussion on the implications of cryptocurrencies, which Scott describes as a crude monetary system built on sophisticated technology. He warns that while crypto was initially seen as a means of escaping state control, it has become entangled in the same systems it sought to disrupt. Overall, Scott advocates for maintaining cash as a resilient alternative in the face of increasing digitalization, emphasizing the importance of choice in payment systems for social equity and personal freedom.
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