Cash vs cashless is a false dichotomy within a broken system

Liberty-minded individuals are rightly up in arms over the continuing financial censorship being implemented by ESG friendly and progressive policy compliant corporations, through the likes of banks, fintech companies, and other payment processing platforms.

The last few years have indeed seen a dramatic acceleration in these platforms being more than willing to de-bank those who ideologically step out of line, serving as a disturbing onslaught against our individual rights. In recent days and weeks, that campaign has moved into overdrive.

Jenin Younes@Leftylockdowns1

telegraph.co.uk/news/2022/09/2… I don't know what's more disturbing: that Paypal is preventing users who engage in wrongspeak from accessing their own funds, or the fake lefties defending powerful corporations censoring/punishing those who express unpopular views (h/t @nycexpatmom).

telegraph.co.uk

PayPal shuts account of parents’ group that campaigned to keep schools open during pandemic

5:39 PM · Sep 22, 2022

86 Reposts · 314 Likes

Gays Against Gr██mers@againstgrmrs

BREAKING: After being banned by @PayPal and @Venmo less than 24 hours ago, We have JUST been banned by @Google! Big tech is coordinating a massive attack on our organization for trying to protect children. THIS IS INSANE.

3:48 AM · Sep 21, 2022

9.56K Reposts · 23.5K Likes

Glenn Greenwald@ggreenwald

So many new tactics of censorship repression have emerged in the West: Trudeau freezing bank accounts of tucker-protesters; Paypal partnering with ADL to ban dissidents from the financial system; Big Tech platforms openly colluding in unison to de-person people from the internet.

11:27 PM · Sep 6, 2022

1.74K Reposts · 7.78K Likes

The disturbing uptick in financial censorship has led to more and more freedom-oriented individuals rightly sounding the alarm about the problem.

Clifton Duncan (She/Her)@cliftonaduncan

The spectacle of banks and online payment processors canceling consumers over politics should make any thinking person question the wisdom of a cashless society.

2:01 PM · Sep 22, 2022

715 Reposts · 2.65K Likes

And the proposed maneuvers to a Central Bank Digital Currency (we will elaborate more on this at a later date), which would further embolden the censorship regime, is undoubtedly troublesome.

Disclose.tv@disclosetv

NEW - Powell: "Rapid changes are taking place in the global monetary system that may affect the international role of the dollar." A US central bank digital currency is being examined to "help the US dollar's international standing."

4:18 PM · Jun 17, 2022

4.91K Reposts · 9.43K Likes

But it needs to be restructured to the right paradigm. The specific cash versus cashless distinction isn’t actually as important as you may think.

Whether your dollars are deposited into a bank or buried in your backyard, your wealth remains on their monetary standard. Sure, carrying cash may allow for greater privacy and anonymity in conducting (small) transactions, but it is by no means a solution to this behemoth of a problem. And as these institutions scale up censorship, and the government more aggressively monitors transactions, deposits and withdrawals (see: the hiring of 87,000 IRS agents), holding cash is a hopeless long term strategy.

Putting aside the poor idea of physically storing significant amounts of rapidly depreciating physical cash, cash versus cashless isn’t the macro issue at hand.

The entire system is the issue.

Marty Bent@MartyBent

The fact that the world waits with bated breath for one man to proclaim, "75 bps" is absolutely insane.

6:04 PM · Sep 21, 2022

112 Reposts · 1.11K Likes

Our money is controlled and manipulated by an unaccountable group of self-appointed rulers. We The People currently have no say over the production, debasement, and distribution of the U.S. Dollar.

What America and the world needs is a free market alternative.

Yes, I’m a Bitcoin advocate. No, Bitcoin is not a perfect money, but in my view, it is the only real, proven censorship-resistant, sound money alternative to this system of accelerating financial censorship.

The debate should center around Free Market Money versus Fed Money. Cash versus cashless is a false dilemma, because those on either side of the issue remain tethered to the same system.

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