Banning cash and NEGATIVE interst rates.

Discussion in 'Markets & Economies' started by bretto, Feb 11, 2019.

  1. SilverDJ

    SilverDJ Well-Known Member

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    All it needs is a good viral Facebook campaign...
    and/or the system to collapse for a few days to wake people up.
     
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  2. kilo

    kilo Well-Known Member Silver Stacker

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  3. alor

    alor Well-Known Member Silver Stacker

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    Hong Kong Activist Leader Calls For A Run On Chinese Banks Tomorrow https://www.zerohedge.com/news/2019-08-15/hong-kong-activist-leader-calls-run-bank

    Pettis: Washington Should Tax Capital Inflows
    [​IMG]

    Its a very good strategy to steal the big money :cool: in particular money from HK
     
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  4. Number 47

    Number 47 Well-Known Member

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    National Take Out Your Pay Day.
    To remind "the man" that cash is king (next to gold and silver of course) and we don't want to loose yet another freeform.

    I doubt there'll be enough cash in the city's ATM's, it would be funny to see.

    It will be interesting to see if they try it in China. I'll bet that it gets shut down. They'll pull the plug on the ATM's
     
    Last edited: Aug 16, 2019
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  5. kilo

    kilo Well-Known Member Silver Stacker

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    I don't usually post but this convo has got me going

    Unfortunately 47

    it won't be political suicide.

    I live in a small town 40 percent of transactions at my local coffee shop are done by phone or fit bit. The remainder by tap and go, card with pin or cash.
    Cash is less than 5 percent. No government intervention.

    Sheeple love this way of being its "free and easy"

    I totally agree with your position.
    Community will unwittingly trap itself.

    my experience in the Scandi country's the last few years tells me same.

    The people I meet explain cashless in an imaginary utopian way, there are less robbers, I don't need a wallet and it cuts out "black money" so the government is better able to care for those less fortunate.

    Love and rainbows

    In a practical sense

    My local hardware shop in Stockholm WILL NOT TAKE CASH that's fine for a Scandi it's normal. but I don't want to use my Aus credit card and pay a 7$ conversion fee on a 4$ item when I've got a fist full of kroner that is already paid for and verified as "white money" at the airport exchange.

    What you want to park your car? Yep that's fine ...... oh sorry you only have cash? No can do you need to swish.

    All public toilets are pay per use ... that's cool..... typical of Europe..... cool

    HOWEVER in some towns to spend a penny or drop the kids off no coins accepted NO CASH NO EXCEPTION you need a card or swish otherwise .....

    you get to sht yourself where you stand.

    Think about it, really properly think about it.



    Here is the light side

    Every one seems happy to donate to beggars in the street but some how don't realise he/she has no where to shit any more.

    everyone is grateful because "black money" (that's the twenty bucks you get from mowing your neighbours lawn or the money you made from your last garage sale) is taxed and everyone is so much better off.

    No one cares Erricson pays no tax and who the hell is Ingra Kampvad anyway?

    Ahhh thanks so much ..... love and happiness


    So the leaders of free thinking egalitarian society forged theway, let us have something to aspire to

    BAHHH
     
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  6. kilo

    kilo Well-Known Member Silver Stacker

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  7. sctpc

    sctpc Active Member

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    Thanks but its a waist of time as Labor and libs are both happy to have it, and the sheep go "but I dont do 10k transactions" Letter From Labor
    Labor supports action on the black economy. We are committed to making sure that criminals and terrorists cannot launder money, and to combating tax evasion. Labor will carefully consider any proposal relating to cash transactions the Government brings to Parliament. But we won’t support laws that unfairly penalise Australians, hurt pensioners, or have unintended consequences that damage our economy.

    Again, thank you for writing to raise your concerns.

    Kind regards,
    Office of Senator the Hon. Kristina Keneally
     
  8. kilo

    kilo Well-Known Member Silver Stacker

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    If you have Facebook do it
     
  9. kilo

    kilo Well-Known Member Silver Stacker

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    for real?
    Ur being sarcastic right?
     
  10. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    I put cash in the bank when I need to order something but I dont use plastic.
    Years ago we were standing in line at Walmart with $500 worth of groceries and my card was declined. The magnetic strip wouldnt work or something.
    Another time of that happening was enough for me and I stopped depending on them. Only cash for me after that.
    Cash always works for me.
     
  11. SilverDJ

    SilverDJ Well-Known Member

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    Needs a normie who actually uses Facebook, I've heard it's popular.
    If they could get a million people to sign up to storm Area 51, a day of action to take out cash and buy stuff sounds completely doable.
     
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  12. sctpc

    sctpc Active Member

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    100% real I removed some dribble in the middle but that has not been altered. My member dident even bother to say if or not he was voting but he will do as the libs say.

    Thank-you for your email to Tony Smith MP, Federal Member for Casey. Tony appreciates being made aware of your views and concerns on local and Federal matters.

    In regard to the Currency (Restrictions on the Use of Cash) Bill 2019, in the 2018-19 Budget, the Government announced it would introduce an economy-wide cash payment limit of $10,000 for payments made or accepted by businesses for goods and services. Transactions equal to, or in excess of this amount would need to be made using the electronic payment system or by cheque. The Black Economy Taskforce recommended this action to tackle tax evasion and other criminal activities.

    This was after I said KPMG (the ones who wrote the Taskforce recommendation was the biggest money launderer with the banks so they just dont care.
     
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  13. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    Wouldnt goods and services already be taxed during the transaction? How would it avoid tax cheats?
     
  14. Silverling

    Silverling Well-Known Member Silver Stacker

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    The cash money someone makes for doing the job is what is not taxed immediately. If that person does several jobs for cash and doesn't declare it in his/her tax return then they are committing the crime of tax avoidance. By forcing electronic payments on the population the government can track all payments and know when someone has recieved monies. Paying someone by cash means it can't be tracked. Many a time I've been quoted 2 prices for a job, pay less for cash or more with a card, the later can be tracked electronically.
     
  15. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    Do they have a big problem with that or is it just a step towards going cashless?
     
  16. kilo

    kilo Well-Known Member Silver Stacker

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    I recon it would be totally achievable, I think word would spread even to those who don't have SM.
     
  17. sctpc

    sctpc Active Member

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    Well they dont like it instead of 30% tax they only get 10% gst (Goods And Service tax) but the crown casino, the Banks and 4 big accountant like KPMG launders more money than than the rest of Australia. So yes its in preparation for -% to be bought in this started back in 2016 as our government bought in the swift system its a instant way to transfer money between banks. Its very rare to see a $100 note as they are Not making them anymore. Next year the auto tellers will go to $20 should (when ) the law is bought into action.
     
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  18. kilo

    kilo Well-Known Member Silver Stacker

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    That's very disappointing sctcp, spose it its to be expected considering cashless agenda is driven not by local politics but IMF. Seems like Australian government has already rolled over.
     
  19. Silverling

    Silverling Well-Known Member Silver Stacker

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    Not quite, $10,000 cash transactions are still allowed and that is quite a large some. But yes, otherwise it seems as though they have rolled over.
     
  20. sctpc

    sctpc Active Member

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    That`s the problem it STARTS at 10000 GOING TO 1000
     
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