Opinion from a Libertarian ViewPoint

Australia Bans Cash Payments over $10,000 AUD

Posted by M. C. on May 22, 2018

My but that is a big credit card! The better to track you with my dear!

The war on cash.


TIMP Staff

…Dash Force News talked about Australia’s cash ban plan with Naomi Brockwell, the famous cryptocurrency commentator who happens to hail from Australia. When she first heard of the ban, she was initially taken aback, but not completely surprised.

“The cash ban seems shockingly Orwellian, but not entirely unexpected. The government purports to be protecting us from malicious actors, but the result will be just more government overreach where our actions are further tracked and controlled. The government is forcing us to use the existing financial system whether we want to or not: a system that has failed over and over to protect our privacy.”

“Banks are often notorious for high account and credit card fees, hidden charges, bad protection of personal information. Forcing these things on businesses with already small profit margins will undoubtably hurt many.”

“We have seen cryptocurrency become a lifeline for those in places like China and Venezuela where people are being hurt by government actions. As governments gets more controlling and curtail the individual’s choices, people will naturally try to find ways to protect themselves. Cryptocurrency seems to be a natural next step.”…

Be seeing you


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