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Saturday, April 1, 2023

Will Economic Freedom End In July?

Above, Admiral Kirk and cashless society in the 23rd Century. Paramount Pictures.

Star Trek IV: The Voyage Home (1986) touched on being a cashless society in a scene between Dr. Gillian Taylor, the marine biologist, and Admiral James T. Kirk in the 20th Century pizza restaurant. 

Dr. Gillian Taylor: Don't tell me you don't use money in the 23rd Century.

Kirk: Well, we don't.

It would be nice if things today would be nice and benign as the 23rd Century (where the adventures of the starship Enterprise take place) where governments can be trusted in a cashless society. But, given the power-hungry politicians and Deep State bureaucrats who are now in charge of the federal government, it would take away our privacy, not to mention one's freedom.  

This is the topic in an article today in the American Thinker.

They begin it with:

The scene is as old as history.  An individual fleeing persecution wants to cross a border. His or her life depends on being able to bribe a border guard, with some fungible valuable item: whether gold, cash, silver, diamonds, etc. Life depends on it.

If the trade is prevented, then all hope is lost.

From the dawn of time, currency was the one thing that governments had difficulty tracking.  I am not considering checks, bills of credit, something written. Those are easy to trace. I am  talking about real currency. Currency in one’s hand, cash pressed in the flesh.

Bribery was always the province of the dishonest, but it often became the last resort of the honest: a war refugee wanted to cross a border before an invading army swoops in, a Jew wanted to evade a Nazi patrol, an Irishman wanted to get out of Ireland one step ahead of the Crown’s authorities.

Cash became the vehicle of freedom.

So what happens when that option is removed… by digital currency? What happens when fungible cash is made null and void?

Long-awaited Fed digital payment system to launch in July -- CNBC

The government is already trying to track gun store purchases through credit card business classification coding. (When this plan came to light, the backlash started. Others advocated using only cash to buy guns.) This hasn't been implemented due to the outcry. If this plan is fully implemented, gun purchases can be traced and the government could use that data to confiscate those guns. 

To read more, go here.

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