Defend Cash! Stop the Central Bank Digital Currency (CBDC)! By James Reed

The CitizenGo petition is now available for signing at the link in the Nation First link below. It requests Treasurer Jim Chalmers and Reserve Bank Governor Michele Bullock to abandon any plans for a Central Bank Digital Currency (CBDC) in Australia, and to preserve cash. The reasons for doing this are many, all revolving around the protection of both privacy and freedom.

The Optus outage earlier in the month led to chaos with people not being able to make non-cash transactions, and stores having signs up “Cash Only.” That should be a stark warning, if anything, that a fully digital economy will be vulnerable. The Optus outage was not due to hacking it seems, but hacking and cyber-terrorism, sponsored by communist China, is on the increase, as a lead up to what Chinas intends to do in World War III. Recently Israel, a highly sophisticated IT society, suffered major outages from hackers. If it could happen there, it will happen here in Australia as well.

Beyond the cyber-security issue is one of preserving freedoms from government tyranny. We have seen many notable public figures opposing the New World Order, such as Dr Mercola, being cancelled by the banks, and not only them, but business associates and even their children who had nothing to do with their politics. The cancellation of the Canadian truckers, and supporters, by the totalitarian Trudeau government, was the first warning sign of what is to come by allowing the centralisation of power in forms such as Central Bank Digital currencies. It must be fought and opposed, hard; start by signing the petition:

https://nationfirst.substack.com/p/they-want-to-control-your-finances

“Remember the Optus outage earlier this month? How could we forget? Having EFTPOS systems down in many stores caused absolute bedlam. Shop owners everywhere were screaming "Cash Only!" It was a stark reminder that cash is king, and a cashless future could be chaotic.

And yet there are those in the political class, the banks and the dark recesses of government bureaucracy, plotting to rid Australia of cash in favour of a highly controlled, electronic currency.

In September, Australia’s Reserve Bank (RBA) wrapped up a pilot for a Central Bank Digital Currency (CBDC). As I’ve mentioned already, this CBDC is a highly controlled, electronic version of the Aussie dollar they’re calling the eAUD. And by highly controlled, I mean they plan to monitor every financial transaction you make, and – worse still – restrict where, when, how and on what you spend this digitised dollar! I’ll explain more on that later.

And they’re talking about this as if it's the future of money in our country. At the same time, the banks are either closing down their local branches or removing cash from their local branches. It looks like they're trying to push us towards a cashless future.

Time is of the essence here... The RBA is keen to keep exploring this digital dollar. Banks are already closing branches in regional and rural Australia and going cashless. And the Optus outage confirmed our worst fears: without cash, we're vulnerable.

So why are so many people against this eAUD Central Bank Digital Currency? Here's the thing:

• A CBDC gives the government, banks, and multinational corporations too much control over your finances. The RBA and others are already talking about how they want this eAUD to be programmable. That means the issuer of the currency (which could be the government, the RBA, your bank, or your employer) can limit how, where, when, and on what you spend your money. Imagine having a carbon limit put on your spending!

• It could lead to Big Brother watching over your financial affairs. Every transaction will be recorded and monitored by the government-owned central bank, potentially eroding your civil liberties.

• A CBDC is ultimately designed to replace cash. If we lose cash from our economy, those without access to digital technology will be left in the lurch. And when tech fails? Chaos, just like we saw with the Optus outage.

• If cash is replaced by a CBDC, negative interest rates become easier to implement. Instead of your savings growing, they get whittled away.

• A CBDC makes it easier to cut off your money supply. Remember when the protesting Canadian pro-freedom truckers had their accounts frozen by the banks on the orders of their Prime Minister Justin Trudeau? Imagine that happening here, with no cash to fall back on.

There's hope, though. Some RBA officials aren't convinced about the need for a CBDC. If enough of us stand up against this digital dollar dictatorship, the RBA might abandon the idea, or the government could step in to quash it.

If we don't win, a CBDC could replace cash throughout Australia. That would mean more control for the government and multinational corporations, and less privacy for us, but if we win, our financial freedom remains intact.

As I said, we have hope… but we need to act now. We need as many signatures as possible to make a difference.”

As was said, you can find the petition here:

https://nationfirst.substack.com/p/they-want-to-control-your-finances