The experience of many people after the severe weather events in the past few weeks is that when the power goes down, they can’t buy things with eftpos cards, and need to resort to old fashioned cash, or barter.
Having a good supply of cash is thus desirable. Further reasons include saving the whole community bank fees, and stopping the surveillance state — which was massively ramped up under Comrade Jacinda — keeping tabs on dissenters’ movements. (Keeping cellphones switched off when not in use is another way of stopping that.)
I am very curious to know who wrote this piece.
Some more commentary here: https://www.voicesforfreedom.co.nz/cash-is-cool/
A hat tip must go to Catherine Austin Fitts who has promoted use of cash which started off as #Cash Friday and is now #Cash Everyday for her and her associates.
I have for over a year now gone back to paying for groceries and all bills in cash. Paying by cash is honest and you think about purchases when you have to take the money out of of your wallet. Dave Ramsey on YouTube has financially counselled many people advocating the cash envelope system so they can face reality and get out of debt.
Some people will moan at the inconvenience, but will bay loudly if a CBDC system blocks their purchase at point of sale because the government has decided you’ve had one too many lattes this week, or have decided to buy a magazine they don’t approve of.
Cash is freedom and privacy, and is immune to power cuts and weather events, as many in Hawke’s Bay have discovered. It is also a lesson in reciprocity – giving something to get something.
People need to grow a backbone and not transact with any shop that does not take cash. I have walked out of Wishbone and restaurants who will not take cash. One has to wonder how long this eschewing of cash would last if people actually stood their ground, because as far as I can see no business can really afford to turn away any customer.