Cash is King – Use it or loose it!
You can join the #together campaign to keep Cash.
We are increasingly hearing warning bells from many commentators about the potential perils of inviting Central Bank Digital Currencies into our lives and the elimination of cash.
There are valid concerns about how this mechanism could be exploited to segue seamlessly into a single monetary system that does not allow freedom and choice when spending. This could be used to control people in a way that has never previously been possible.
We highly recommend that everyone researches this topic in-depth. Here are some valuable resources and references.
Things we should be aware of:
- Elderly, poorer and disadvantaged people rely disproportionately on cash: what happens to them?
- No cash makes life even tougher for homeless people
- Cashless society means a record of every single transaction, or zero financial privacy
- The government can then dictate how and when you spend your money
- You could be financially cut off (account frozen) for having opinions that the government does not agree with
- The recent PayPal account freeze of the Free Speech Union is a real-life example of this financial control mechanism
- Once fully digital, the state could order a ‘bail in’, as seen in Cyprus in 2013. People lost 10% of their savings overnight.
See #together to find out further information and what action you can take.
Advice in relation to using cash as a tool to stop the implementation of central bank digital currencies (CBDCs).
excerpt: Top financial analyst Catherine Austen Fitts says that it is important to recognize that there is a great deal that each one of us can do to take action. In a highly leveraged financial system such as we have, a single individual counts for a lot.
USE CASH whenever possible—and let everyone know why you are using cash. Walk out on establishments that refuse to accept cash. When using remote facilities where cash is not possible, use cheques if you can. In recent months, cash use has clearly been rising.
The banking system is melting under the pressure of high interest rates set by Central Banks needed to fight the inflation caused by the Central Banks! The US Federal Reserve is now on the hook for hundreds of billions in bank deposits and it will soon be trillions. The Swiss National Bank has also printed up around £50 Billion to prop up Credit Suisse! Now this is only going to add to inflation and the wider problems faced in the Western World.
What will the solution be? Central Bank Digital Currencies of course and then TOTAL CONTROL.
We really must resist this AT ALL COSTS
Unity Network News is campaigning to keep cash
CLICK HERE FOR ARTICLES ABOUT CENTRAL BANK DIGITAL CURRENCY (CBDC)