We don’t know about you, but we hate getting told what to do. It’s an attack on our personal liberties. And more often than not, when someone demands something of us we don’t want to do, we push back.
It’s almost like this adversarial reaction to authoritarian control is an inbuilt part of human nature.
When you’re a kid and your parents tell you what to do, you do it…up to a point. And eventually, you realise you’ve got your own freedoms and liberties.
Soon enough the phrase, ‘you can’t tell me what to do’, spurts from your mouth. This is usually a crossroads in one’s adolescents. It can also lead to an old fashion whoopin’.
One path at this adolescent crossroads leads down is that of a headstrong, independent thinking, freewheeling individual. The other path leads to conformity, following, staying well within the lines and accepting the hand that’s dealt.
It’s not easy to follow either path. And by no means does it mean you can’t cut through the woods to find your way back to the better one.
No one should tell you what to do. Yes, your parents are responsible for running a quasi-authoritarian regime. But their role is to guide and support and facilitate the development of a functional human being. Ideally one who can make their own decisions, think for themselves and live independently.
And it’s that idea of independence, freedom and liberty that are so important to our way of life. As we continue through to adulthood, those ideals are even more important as it’s no longer just your parents telling you what to do…it’s the whole world.
Everyone wants to influence and corral you into something. Often, you don’t even realise it’s happening.
It might be the mainstream media trying to sway your views. It may be the banks trying to lure you into ever more products to sink their hooks in. It might be clandestine data analytic companies that can sway the consciousness of an entire population.
Or it just might be your government that outright tells you what they believe you can and can’t do. In government, this kind of behaviour, in varying degrees, is known as authoritarian or totalitarian rule.
Now, you might expect that kind of authoritarian behaviour from a government perhaps over in Venezuela, South Sudan or North Korea. But would you come to expect it from your own Australian government?
You wouldn’t, would you?
However, while they might not be as ‘in your face’ as say, Supreme Leader Kim Jong-un, believe it or not, you live in an authoritarian state.
Authoritarian rule in Australia
The primary form of authoritarian rule in Australia comes via economic and financial control. You might think you have financial freedom. But the reality is the government can change the game, the rules and make you suffer for it, at any time.
In this year’s budget, for instance, one of the things that glossed by many eyes was the proposal to ban cash transactions over $10,000. That’s right, ban them.
Just like they can ban Huawei from supplying 5G networking equipment, they can ban you from spending your cash.
But that’s not even the worst part. Not only are they proposing to ban these transactions, they also want to send people to jail and apply huge fines for even accepting these large transactions.
Now, the proviso here is it only applies to cash. Cheque or ‘electronic payment system’ over this amount are allowed. But not cash. And that’s because they can’t track and trace cash.
They blame it on the ‘black economy’ and people avoiding tax. And while that may be the case, to ban cash payments is an abuse of personal liberty. Can you feel that sentence brewing again…’you can’t tell me what to do!’
Should this proceed, it will be a criminal offence to accept or make these large cash transactions. It will be criminal to spend your cash. Yes, we’re still talking about Australia folks.
The maximum penalty for this will be two years in prison and/or a $20,200 fine.
Now, if you’re one of those people that have lived a life of free-thinking, independence and is building financial security, this should be a stark warning to you. If you think this is the end, think again.
This proposal is based around information and data. The government has an appetite for data on their population that exceeds comprehension. The more they know about us, the more they can control and influence the world we live in. The more they can suppress the push back from society that doesn’t like being told what to do.
Ban large cash payments today, ban all cash payments tomorrow. Blow open metadata access laws today, force backdoor entry into encryption applications tomorrow. The government has form in subverting your personal liberties.
This ban on large cash is just another. But what will you do about it? What can you do about it? The good news is you can do a few different things. Some are hard and not suitable for everyone, some are very easy and something everyone should be, at the very least, considering to protect themselves.
You can put these measures in place to protect yourself from the invasion on your data, your privacy and your finances. If you don’t at least prepare for it, you leave yourself wide open for what could be coming next.
In Friday’s Money Morning, we’ll look at what you can do to protect yourself and the measures you could put in place to make it happen.
Editor, Money Morning
PS: Bank Busters! Three Aussie tech plays outsmarting the ‘big four’ banks. Click here to find out more.