• Chapter 1: Money and Cash
  • Chapter 2: Race to a Cashless Economy
  • Chapter 3: War on Cash: First Shots Fired
  • Chapter 4: Academics Advocate for Eliminating Cash to Leverage Negative Interest Rates
  • Chapter 5: Civil Societies Join the War on Cash
  • Chapter 6: Use Cash, You Must Be a Criminal
  • Chapter 7: Give Up Cash, Give Up Privacy, Give Up Control
  • Chapter 8: Risks of Cash: Theft by Inflation
  • Chapter 9: Consumers, Prices, and Cash
  • Chapter 10: Hiding Inflation
  • Chapter 11: Theft by Confiscation: Civil Asset Forfeiture
  • Chapter 12: The Four-Legged Search Warrant
  • Chapter 13: Your Bank Teller Is Spying on You
  • Chapter 14: Structuring: The Crime of . . .
  • Chapter 15: The Underground Cash Economy
  • Chapter 16: IRS Profiling of the Underground Worker
  • Chapter 17: The Patriot Act and Your Cash
  • Chapter 18: The Fourth Industrial Revolution Depends on a Cashless Society
  • Chapter 19: Hope for the Future of Cash
  • Chapter 20: What Can You Do?
  • Chapter 21: Unbanking
  • Chapter 22: Safely Hiding Cash
  • Chapter 23: Transporting Cash
  • Chapter 24: Legislation. Organization. Infiltration. Disobedience. Tactics.


P owerful forces are at work, and they are not working for your personal benefit. All over the world, including in the United States of America, governments, certain academics, banks, and civil service organizations (including large NGOs) are cooperating to stop you from using cash.

They want you to have no option but to pay for everything you buy using electronic payment systems. They want you to be unable to go to a bank and withdraw your money in cash. They want you to be afraid to have more than a few dollars in cash on your person, in your home, or in your car.

Laws have already been passed in Europe and the United States to restrict the use of cash for certain things. Banks are adopting policies against keeping cash in a safe deposit box, or paying bills with cash.

Legitimate businesses and their employees are being cut off from the banking system because their customers usually pay in cash, or because the businesses sell a legal product or service that the government does not approve of.

The IRS has seized bank accounts of people and businesses that have done nothing wrong except make regular deposits of less than $10,000 to their bank account.

Law enforcement officers are seizing cash from anyone they think is carrying too much cash. If you have more than a couple of hundred bucks on you, you are suspected of being a drug dealer or a terrorist. No drugs or bombs need be in your possession. The cash is the evidence.

  1. To show you that the outrageous attacks on your natural rights as mentioned above are actually happening.
  2. To convince you that the use and possession of cash is essential to a free and prosperous society.
  3. To show you that these attacks on your cash and your privacy are not isolated events, but are representative of a worldwide trend that is affecting everyone and involves mega-millions of dollars
  4. To show you that unless something is done, there is a high likelihood that you will lose the ability to meaningfully use cash in your lifetime or you will be persecuted for your use of cash
  5. And finally, to suggest how you can fight back.

When I first conceived of the idea and title for this book, I had actually not heard the phrase "war on cash" used in the media. But within a few weeks of beginning my outline, libertarian and conservative websites began using the phrase.

“Cashless economy” and “cashless society” are other terms often used instead of “war on cash” and are often found in articles that stress the convenience aspect of electronic transactions, and the inconvenience of cash.

But there is much more to a cashless society than the aspect of convenience. It finds its dark heart in a government’s fundamental distrust of its citizens.

Though the coordinated actions that create the modern war on cash are fairly recent, the idea of a cashless society isn't. As far back as the 1960s "… . . it was widely predicted that electronic fund transfer [EFT]  . . . would replace checks and even cash as the primary method for exchanging value in the United States."

Of course, this did not come to pass quickly because consumers were not particularly interested in electronic transactions. Nevertheless, banks pushed forward with EFT systems to reduce the expense of handling huge volumes of checks and to reduce the number of people needed to process them, including bank tellers [1].

The genesis of the movement toward a cashless society began as a cost-saving measure for financial institutions. It has evolved into a coordinated effort by governments, financial institutions, private foundations, NGOs, and elite academics to declare war on cash as a means of exchange among people.

What exactly do I mean by the "war on cash?"

The war on cash is the effort by governments around the world to stop people from using cash to pay for things they buy. They do this by making the use of cash suspicious, by passing laws and regulations restricting the use of cash, and by requiring financial institutions to report certain types of cash transactions.

The government cannot wage an effective war on cash by itself. It must recruit banks to be its eyes and ears and to put policies in place to make it hard or risky to do business in cash.

The war on cash is not being driven solely by governments. The huge payment processing companies understand that getting a piece of every financial transaction in the world is worth trillions of dollars, and the early bird gets the worm.

The data collection industry is also salivating over the profit potential of massive data collection, analysis, and sales.

This book is intended to be a wake-up call to anyone not familiar with the tactics being used by governments and their allies to restrict the public's use of cash, and to abuse the laws for their own purposes. It is not intended to be a scholarly or comprehensive work.

People don't need a Ph.D. in meteorology to know when it's raining. All they have to do is open their eyes. Likewise, people don't need a Ph.D. in economics or finance to know when they are being taken advantage of by governments and financial institutions; they just need to open their eyes.

This book is intended to be an eye-opener. It covers many angles and provides both an overview for readers new to the topic and a starting point for those doing independent research.

I have provided citations for many of the statements I make in this book to allow readers to verify my sources and to learn more about topics that interest them.

I have tried to use sources that are trusted and respected and I've tried scrupulously to avoid propaganda articles and websites. In all cases, even though I may only list one citation, I have checked that source against several others.

I generally cite the source that I believe to be the most relevant, trustworthy, and complete. In many cases, an article appears on one website and is then echoed all over the web. It can sometimes be difficult to track down the original source.

If I could not find a reputable source for a story, I didn't include the information in this book. In some cases, the original internet source is access-limited by a paywall. In that case, if possible, I will often cite another source that has summarized or quoted the original.

Although most of my sources are popular media articles, reports, and websites, I have cited a few journal articles when I think they are relevant.

Since this book is written for the layperson, I prefer to use sources that are written for that audience rather than for academics. I do not believe that this in any way detracts from the accuracy or legitimacy of the material I present.

I have made every effort to keep this work from being political. Trying to lay blame on a political party is a distraction that does not serve us.

Nevertheless, the competition between the philosophies of collectivism and individual liberty cannot always be ignored or denied.

This book is not an argument against banks, financial institutions, or electronic payment systems in general. Not being able to keep your cash in a bank safe is just as bad as not being able to have cash.

Without banks of some type we would constantly be targets of robberies and would have to expend a great deal of time and money to defend our money against thieves.

Poor countries today, like Haiti, or people unbanked in the United States, must expend time, energy, and money in an effort to safeguard their cash from thieves, loss, or destruction. Neither eliminating banks nor eliminating cash is the answer.

Although in this book I heap large amounts of criticism on the IRS, it is not a personal attack on individual employees at the IRS. As a CPA, I deal with certain divisions of the IRS on a weekly basis.

The IRS has many employees that are fine people and do their best to help, though their hands are tied by the system that has been put in place by politicians and perpetuated by career bureaucrats.

Unfortunately, like any large organization, the IRS has its share of sociopathic personalities. All systems eventually benefit from criticisms, so if you are a government employee, don't take it personally.

Continue to do what you can from the inside to help people when you can, and blow the whistle when necessary against abuses of power.

As a final note, when I first set out to write this book, I did not fully realize how quickly the war on cash was escalating. Almost every day I find new developments and headlines on the news sources I follow.

My hope is that the evidence I present will be persuasive, and that the consequences of abolishing cash will be seen for what they are: unacceptable.

David McRee, Author



T here's something magical about the sight of cash and coin. It attracts the eye immediately. Even the sight of one shiny dime on the sidewalk will cause most people to immediately stoop to pick it up.

But as much as we love cash, most of us don't have a clue about what it represents and why it exists, and we often confuse the concept of money with cash. They are not always the same thing.

Governments hate cash. Let me qualify that statement: Governments hate cash when it's in your hands. Government officials love cash when it’s in their hands. And so they are adding yet another war to their endless string of wars: a war on cash. Your cash.

Governments are in the counterfeiting business on a scale not even dreamed of by the common criminal or by the mafia. But even that isn't enough. They want your cash. All of it.

Because it's hard to control and monitor money when it is in the form of cash in your pocket. They are busy passing laws to make it hard for you to have cash and to use cash.

Making regular cash deposits can turn you into a criminal suspect and result in your bank account being confiscated by the government. Making regular cash withdrawals from your bank account can have the same result. Carrying large amounts of cash on your person can lead to your cash being seized without you even being charged with a crime.

Even carrying as little as $2,400 cash in your car while you're on vacation can result in seizure by law enforcement as you'll see shortly. And buying a car with cash of more than $10,000 from a car dealer will result in your identity being checked against a list of known terrorists and the transaction will be reported to the government.

The government does everything it can to track every dollar you earn and spend. It requires banks to report certain cash deposits and transactions. It requires certain businesses that pay you for services to report those payments to the IRS on Form 1099 — forced snitching, if you will.

If the government can eliminate cash from the system, it can control everything you do. Ever heard of Operation Chokepoint? This is where the government decides that it doesn't like you or your legitimate business and forces your bank to close your accounts.

If your business depends on customers who pay with checks, debit cards, or credit cards, you my friend are out of business when you don't have access to a bank account and payment processors.

The whole time it's making war on your hard-earned cash, it is deliberately, knowingly, and brazenly devaluing your money every day by creating inflation.

Do you know what inflation is? Inflation is when those greedy capitalists keep raising prices so they can keep growing their overstuffed bank accounts, right? Wrong.

If you already know what inflation really is, you are among an elite few. Everyone needs to understand that inflation doesn't just "happen." It is created by the government. More about that later. Let's get on with it.

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