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Will Latest Bans on Cash and Capital Controls Grow Bitcoin?

Evander Smart
Last Updated March 4, 2021 4:43 PM
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dollar banThe groomed, nurtured and thoroughly manufactured “War on terror” is just about ready to claim another casualty if you live in modern Westernized society. It used to be just a tool of oppression in the U.S., but now statists around the world are using “terrorism” as a catchphrase to rule with an iron hand. Now that every modern government in the industrialized world has a new “Boogie Man” to hide behind, no good crisis shall go to waste. And really the statists don’t even bother with creating the Hegelian Dialectic anymore. Now a nation-state can create a press release, say “Terrorism”, and create a new law that takes their citizens freedoms away. With one word to hide behind, they now legislate your rights right into history, so that they can sit next to the carrier pigeon and the phonograph.

New Capital Controls beta-test coming to France

ban on cashA new economic beta-test coming to France this September has my shorts in a wad. Far be it for me to malign the fine French people. Besides, they have a fine track record of accepting Bitcoin, and corporations providing the option of paying employees in Bitcoin in Paris is somewhat common. Very progressive. This is not about the people of France, or the private sector of France, but the government itself. The word “terrorism” seems to have them “shaking like a Frenchman in a thunderstorm”, as my old man used to say. In keeping with the statist party line, the French Finance Minister Michel Sapin has announced  the following bans on cash and capital controls upon the French people, and even upon tourists in France later this year:

  • French residents will be prohibited from making cash payments of more than 1,000 euros, down from the current limit of 3,000 euros.
  • Limits on foreign tourists on currency payments will be dropped to 10,000 euros down from the current limit of 15,000 euros.
  • A French resident who converts euros into other currencies will have to show an identity card for anything over 1,000 euros.
  • ANY cash deposit or withdrawal of more than 10,000 euros during a single month will be reported to the French anti-fraud and money laundering agency Tracfin.
  • French authorities will have to be notified of any freight transfers within the EU exceeding 10,000 euros, including checks, pre-paid cards, or gold.

Ok, so it sucks to be French starting in September, right? Here’s the rub. Do you really think this will be an isolated set of capital controls and cash bans just for France? Do you really think this is not a beta-test for similar future freedom sanctions by the U.S., Great Britain, China, Russia, etc.? Do you really not think that one bad apple won’t spoil this bunch? Do you not see the world’s governments watching this take place and then modeling themselves after this tyrannical economic move? Why wouldn’t they? Aren’t moves like this just another step in the same direction we’re all headed? Is anyone really trying to move the masses in another direction?

ban on cashFirst they came for the Socialists, and I did not speak out—
Because I was not a Socialist.

Then they came for the Trade Unionists, and I did not speak out—
Because I was not a Trade Unionist.

Then they came for the Jews, and I did not speak out—
Because I was not a Jew.

Then they came for me—and there was no one left to speak for me.

– Martin Niemöller, regarding Hitler’s tyrannical ascent leading up to WWII

Also read: IBM and Federal Reserve Want to Create a Bitcoin Knock-Off

This is how it starts. The Federal Income Tax in the U.S., started just after the creation of the Federal Reserve, was supposed to be just for the wealthy of the time. Now, Federal taxation comes for us all. Your freedom to exchange goods for cash is slowly being stolen from you. So slowly, you may not even notice it. Your government certainly wouldn’t put it up for a vote or referendum, because they know it is morally and ethically wrong, and the will of the people is against it. The same goes for war, taxation, regulations, and other deeds of The State. If your government doesn’t hide behind “terrorism”, they hide behind legislation without accountability.

If you are an American, I won’t bore you with the knowledge that you are many times more likely to be killed by a policeman than by a terrorist. Or the fact that your TSAs at the airport have captured no terrorists in over a decade. Haven’t even bothered to create a “false flag” to bolster their efforts that make travel a study in civil rights violations.

Do you really need cash? Not really, since 85-95%+ of all transactions in modern society are handled in some form of digitized payment of fiat currency. That’s not really the point though, is it? If you are unfortunate enough to be saddled with a debt-based national currency, should you at least get to use it freely? You are paying for all of it’s economic sins of The State. What do you get back? Sanctions? ID requirements? SARs (Suspicious Activity Reports, made by banks when cash transactions exceed their ever-lower limits for common customers). This is a slippery slope to the outlawing of cash transactions. But why?

bankstersIf you work backward from the solution at this point, these things make much more sense. If you wanted a paper trail, a surveillance state, led and managed by central banksters worldwide, how would you accomplish this? Ban or regulate cash transactions out of existence. Force, by unethical and immoral law, made out of the manufactured “terrorism” angle, all transactions are tracked through the banks, which cash transactions cannot be on a peer-to-peer basis. If you had no cash, how would you get paid, or pay someone? Through the banks and their identity-theft laden debit/credit cards.

You just need a hook to get cash out of the way. What excuse could they use? I wonder…..

Or you could use Bitcoin, which is basically digital cash that does not work through government or the banksters. It is traceable, but that can be modified, if necessary, as we go along, with a script, app, or altcoin.

Imagine if cash is taken from you, and you were outside of the Bitcoin ecosystem. Would you look much closer at Bitcoin’s benefits? Maybe take the option of digital currency a little more seriously? Do you think the 2-3 million users could quickly become 30-40-50 million under such unforeseen circumstances? Or would everyone blindly hand over all finances and transactions to the banksters and The State regulators, who have been such fine economic stewards for us?

It is looking more and more like Bitcoin, and the advent of the digital currency, couldn’t be at a better place at a perfect time. As states, and the central banks that run, them become more brazen in their economic oppression and deceptions, innovation, freedom, and privacy live on in new and exciting forms that can bring together more people than ever before.

The world is changing, shifting, beneath your feet, like quicksand. And two sides are offering you a way out. The banks and states, with a pair of economic handcuffs and tracking devices up the wazoo on one side. And the unknown entity of Bitcoin’s future of technology for The People on the other side. Both sides have a plan for you. One side will forever hold your keys to economic freedom because you can’t be trusted to. And one gives you the keys, and all the economic power and responsibility that comes with it.

After over 100 years of central banking manipulating the world’s economic future, have you had enough? Have they got you right where they want you? Or are you ready for a new, encrypted, innovative, yet mostly unproven way forward? Everyone will have to make a choice, and that right soon.

Think about it.

Images from Shutterstock.