{"id":7719,"date":"2015-05-01T05:36:52","date_gmt":"2015-05-01T10:36:52","guid":{"rendered":"http:\/\/olduvai.ca\/?p=7719"},"modified":"2015-05-01T05:37:34","modified_gmt":"2015-05-01T10:37:34","slug":"7719","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=7719","title":{"rendered":"The War on Cash: Transparently Totalitarian"},"content":{"rendered":"<h3><a href=\"http:\/\/www.internationalman.com\/articles\/the-war-on-cash-transparently-totalitarian\" target=\"_blank\">The War on Cash: Transparently Totalitarian<\/a><\/h3>\n<p>George Orwell once wrote \u201cIf you want a picture of the future,\u00a0imagine a boot stamping on a human face\u2014forever.\u201d<\/p>\n<p>Not exactly a cheery thought, and one I don\u2019t agree with.<\/p>\n<p>While the forces pushing for centralization of power have been prevailing for decades, they haven\u2019t won a total victory yet. Technologies that empower the individual and that tend toward decentralization\u2014including the Internet, encryption, 3D printing, and cryptocurrencies\u2014offer a powerful ray of hope, reasons to be optimistic about the future.<\/p>\n<p>So the tug of war between the collectivists and the rest of us continues.<\/p>\n<p>One thing that would tip the scales heavily in favor of the collectivists would be victory in the War on Cash. Their goal is to eliminate the use of hand-to-hand currency, so that governments can document, control, and tax everything.<\/p>\n<p>It\u2019s exactly like what Ron Paul said: \u201cThe cashless society is the IRS\u2019s dream: total knowledge of, and control over, the finances of every single American.\u201d<\/p>\n<p>One way they are waging the War on Cash is to lower the threshold at which reporting a cash transaction is mandatory or at which paying in cash is simply illegal. In just the last few years\u2026<\/p>\n<ul>\n<li>Italy made cash transactions over \u20ac1,000 illegal;<\/li>\n<\/ul>\n<ul>\n<li>Switzerland has proposed banning cash payments in excess of 100,000 francs;<\/li>\n<\/ul>\n<ul>\n<li>Russia banned cash transactions over $10,000;<\/li>\n<\/ul>\n<ul>\n<li>Spain banned cash transactions over \u20ac2,500;<\/li>\n<\/ul>\n<ul>\n<li>Mexico made cash payments of more than 200,000 pesos illegal;<\/li>\n<\/ul>\n<ul>\n<li>Uruguay banned cash transactions over $5,000; and<\/li>\n<\/ul>\n<ul>\n<li>France made cash transactions over \u20ac1,000 illegal, down from the previous limit of \u20ac3,000.<\/li>\n<\/ul>\n<p>I recently spoke about this with Dr. Joe Salerno, an Austrian economist with\u00a0<a href=\"https:\/\/mises.org\/\" target=\"_blank\">the Mises Institute<\/a>. Joe is the best chronicler of the global War on Cash and is here to offer an Austrian rebuttal to the economic nonsense peddled by advocates of this war.<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The War on Cash: Transparently Totalitarian George Orwell once wrote \u201cIf you want a picture of the future,\u00a0imagine a boot stamping on a human face\u2014forever.\u201d Not exactly a cheery thought, and one I don\u2019t agree with. While the forces pushing for centralization of power have been prevailing for decades, they haven\u2019t won a total victory [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[2125,1035,1034,5062,951,2508,432,443,5061,483,536,4927],"class_list":["post-7719","post","type-post","status-publish","format-standard","hentry","category-economics","tag-austrian-economics","tag-cash","tag-cashless-society","tag-centralisation","tag-currency","tag-decentralisation","tag-internal-revenue-service","tag-irs","tag-joe-salerno","tag-liberty-2","tag-money","tag-war-on-cash"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/7719","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7719"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/7719\/revisions"}],"predecessor-version":[{"id":7721,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/7719\/revisions\/7721"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}