Yeh and people who demand their RIGHT to privacy when transacting will simply move to using bitcoins instead of cash! So guvmnt will fail in stifling the human spirit seeking freedom...
If history shows anything, it shows there's always the 95%'ers who'll go along with anything, and everything the government tell them.
That's funny, I'm definitely going against that trend. Been moving back to cash as much as I can in all transactions, and most of the time benefit from it with the absence of transaction fees. Peoples eyes light up with cash and will often drop the price to make a cash sale. Try it everyone and buck the trend, it works for me.
I am almost exclusively using cash. But unfortunately I think I'm a minority. Most people I know don't even carry any cash. Opting for credit cards, PayPass, Pay Wave ... The gov only needs more than 50% of people rejecting cash in order to push for its elimination.
Hence my call for the opposite. Its a power and control thing that is getting out of control. Once Govt are in debt, they are under the banks. The Banks want your capital flowing through there hands.
Can it really work in Australia? Many of the places I work in the bush don't have reliable water or power... let alone telecommunications for electronic transactions.
Pretty simple - If I cant go to any location in the world and buy any item of my choosing with cash (ie - the local currency in coin or note form) on 27th May 2025 then cash is deemed dead.
Any place in the world is a pretty give call! Somalia? North Korea? and a whole heap of other really poor countries
I agree in some circumstances, but to say EVERY country is a ballsy call and am pretty confidant you will be wrong
I only really transited Moresby this year, a couple of nights in Mt Hagen and a few weeks out whoop whoop. In saying that Moresby seemed quite quiet and Hagen was pretty much the same. Some of the guys I have worked with in the past from the villages had gone AWOL panning for gold as worked dried up. Bit of a trade lull and reduction in mining will surely hit the place hard. Wontok work no got makem rascal plenty.
Yeah, well all the same 'Dispela hab inat Mosbi long taim.' A mate who's up there in Lae said he saw the local police chief out on Road Blocks on Wednesday arvo demanding bribes so he could have drinking & gambling money for the Origin game that nite :/
Yep no surprise with the cops there. Armed security were employed at one place to protect against rogue police that got drunk and tried to steal smokes lol. It is funny watching the news here and how easily people lose their minds in Australia and demand sackings and people step down over what may be a bit of a compromise but considered manners and common practice in other parts of the world by comparison. We live in a cotton wool country (but I love it). I wonder how cops will be bribed once this 'cash is dead'? ounces of bitcoin?
Yes. They aren't going anywhere. Cash is king. Sure, the elites want all spending transactions recorded & documented and want to get rid of cash. Cash is the last piece of the control puzzle....but it just won't happen. The people like their cash, even if it keeps losing value. I assume the Fed will just keep doing it's QE until the dollar implodes on itself eventually. I'm sure it's only a matter of time...but I think 30+ years is more likely than within the next 10.