Cashless society threatens our privacy

cashless_society.jpgToday I am going to write about money. More specifically, what the government wants to do with your money.

The Sydney Morning Herald reports this morning that Australia is ‘on an unstoppable march towards a cashless future’; with the Assistant Minister to the Treasurer Alex Hawke MP saying that a move to a purely digital currency “will lead to countless benefits for all Australians in convenience and security, and will save billions in transaction costs every year”.

He’s correct that it will enhance convenience for many and will save government huge amounts of money but he omits one very important aspect of such a change – our right to privacy.

I have repeatedly warned over the years that the move to digital currencies will begin in Europe (it is already being trialled in Sweden) and spread throughout the world. The justifications will include those points made by the Assistant Minister but will soon include the ‘need to fight the flow of funds to terror organisations’.

Whilst these may be noble and worthy aims, they are mere excuses. The real reason governments want to impose an all-digital transaction economy on us is so that no aspect of the financial system is beyond their scrutiny. To put it plainly, it’s about taxes – and every government wants more of them.

Governments have an insatiable hunger to gorge themselves on taxpayer dollars.

The political elite consider that they know how to spend your money much more effectively than you do and thus no level of taxation will ever fully sate the leviathan of government. There is always a new program, a new agenda or a new initiative that promises to be an amazing success if only enough money is thrown at it.

The evidence is quite the opposite and frankly, every year sees me come to the same conclusion: whenever the government steps in to fix a problem it ultimately creates an even greater one.

And so, as the unsustainability of the great socialist experiment of the welfare state becomes clearer by the day, governments across the world want to make sure that no transaction can escape their net.

They don’t want cash kept under the mattress or buried in the back garden. They want you to be forced to keep it electronically in a bank where they can charge you for the privilege via negative interest rates.

A digital currency will mean no transaction, however small, can escape the tax demands of government.

Some readers will think this abundantly fair, and so it may be - if we could trust government to act in our interest instead of their own. However, there is an even more dangerous aspect to such a proposal.

The digital currency process will mean that almost every aspect of your financial privacy is gone. There will be a record of every dollar spent, every item purchased and every donation made. Is it really the government’s business what food you purchase or what medicines you use? Seemingly simple daily choices could have a large impact on your life because every aspect of your spending data would be detailed for scrutiny.

It’s not too far-fetched to imagine an application for health insurance to reference your spending history in relation to fast food, alcohol and tobacco. Your lack of gym membership could count against you in seeking medical treatment. Perhaps you’ll be effectively blacklisted from employment opportunities because you donate money to a particular organisation.

In short, nothing would be beyond the examination of government. Any safeguards built in to the system would ultimately be diminished as the tentacles of government continue to expand into every aspect of our lives.

The best opportunity to prevent such expansion is at the very point of inception. The move to a digital currency is just getting started. If we are to safeguard against it, the time to act is now.


  • commented 2016-04-16 11:13:47 +0930
    A cashless society is the ultimate aim of the New World Order. The coming collapse will ensure it’s introduction. Nothing accidental about what’s going to happen, this was planned decades ago.
  • commented 2016-04-02 09:24:15 +1030
    Hi, I strongly urge that everyone to keep cash in circulation.
    lf we depend on our credit and debit cards to get by, whats going to happen when you are deactivated or the electronic system shuts down or collapses?…. Your toast.
    But if you use cash you can get around at the collapsed system and get by.
    This is called FREEDOM!
    Take initiatives to think, act and find ways on how to exercise and expand on our FREEDOMS!
  • commented 2016-02-29 00:33:45 +1030
    And which way did you vite on the meta data retention laws.. whats your stance on the iphone forced hacking that your party thinks so highly of.

    Im not sure I believe your crocodile tears bernardi
  • followed this page 2016-02-23 18:56:32 +1030
  • commented 2016-02-23 16:51:30 +1030
    Moving to a cashless society will be thwarted by people who will barter and exchange goods and services in lieu of cash.
    To me it is nothing more than big brother and whilst there will be some benefits, there will also be many negative aspects. A lot of black market industries will close down and this money ends up in the circular flow of cash for which the economy is reliant on. Every time someone fiddles with the economy, there are unintended consequences, some of which have a serious down side. The upside is the drug trade and many other illegal cash activities which will find it difficult to exist, but where there is a will there is a way. Gold and drugs may well become currency along with sexual services and the like. It will be interesting to see how other nations fare first.
  • commented 2016-02-23 14:25:18 +1030
    What you have failed to mention that when you step out of line with what the government wants all your finances can be instantly frozen at the touch of a button.Take away a persons means of survival and you have them by the balls.
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  • commented 2016-02-20 12:32:56 +1030
    It seems to me that Senator Bernardi is a rare and honest politician. He has an understanding of the laws of the universe, which should be indoctrinated into all politicians. And what is so wrong with having a Christian understanding? This serves to enhance his position which he holds in government. I have read several of his blogs and note his ability to see beyond the here and now, beyond the deceit of government officials who make decisions on our behalf, only to transact an undesirable direction of policy to eventually fulfill some harebrained ideology placed on the Australian society and our way of life. Stay with it Senator Bernardi, someday, other politicians may see the Light too. Then Australia will shine!
  • commented 2016-02-19 07:21:47 +1030
    Unfortunately Senator Bernardi is a loony right religious fundamentalist and his views on a cashless society only serve to reinforce his disassociate on with reality. He and his loony ideas are a waste of space.
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  • commented 2016-02-17 15:49:46 +1030
    Who are the people who pull these strings? You are quite right to put it as “the leviathan of government”. It is a spiritual power behind governments that attempts to control and govern all aspects of our lives.
    We must pray and act.