One Sunday morning in July 2019, John Adams received a tip-off that the Commonwealth Treasury had dropped, late on the previous Friday afternoon, a consultation paper that sought to enshrine in Federal Australian law the criminalisation of cash transactions above $AUD 10,000 via the Currency (Restrictions on the Use of Cash) Bill 2019.
The proposed law by the Morrison Government sought to impose a maximum penalty of $AUD 25,200 or two-years jail (or both).
Within hours of receiving the tip-off, Adams had formed a coalition across Australia and unleashed a grassroots led social media campaign against the proposed law.
This included rallying thousands of Australians to make submissions during the Treasury consultation process and the subsequent Federal Parliament Senate inquiry as well as aggressively lobby Federal Parliamentarians directly.
One of the achievements of Adams and the freedom coalition was to inspire and mobilise thousands of Australians who, in many instances, contacted either local federal member of parliament and Australian senators for the first time.
Such was the intensity of the campaign that the phone lines and email inboxes of federal Australian politicians were clogged up with the anger and utter disgust of
Australians outraged at the assault on their liberty.
During the Senate inquiry, Adams was the only alternative YouTube and social media commentator who was called by the Senate Economics Legislation Committee (in January 2020) to provide public expert testimony. This is despite Adams being the subject of multiple articles by journalist Aaron Patrick of the Australian Financial Review calling him a conspiracy theorist (see the following article: https://www.afr.com/companies/financial-services/cash-conspiracy-theorists-get-senatorial-encouragement-20200130-p53w4s).
In December 2020, at the urging of Adams and others, Senator Malcolm Roberts (Senator for Queensland) successfully moved a motion removing the legislation
from the Senate notice paper and thus killing the legislation.
That afternoon, Sydney Morning Herald journalist Shane Wright published an article quoting a senior member of the Morrison Government called the proposed legislation ‘dead, dead, dead’ (see the following article: https://www.smh.com.au/politics/federal/plan-for-10-000-cash-ban-dead-dead-and-dead-20201203-p56kck.html).
Up until that point, Australia had become only the second country in the developed world to prevent the introduction of a cash transaction ban with Germany being the first nation in 2016.
Not only had the unrestricted freedom to use physical cash in Australia been saved, but it was saved by the first ever successful YouTube led campaign which stopped the Parliament of Australia from enacting proposed legislation.
This special silver coin which comes in one troy ounce
and half troy ounce investment grade (99.9% pure) physical silver bullion rounds and is the ultimate statement that Australians will never surrender their right to hold physical money (whether physical gold, silver or cash).
