COVID-19 to usher in a cashless society

Discussion in 'Current Affairs' started by willrocks, Mar 20, 2020.

  1. willrocks

    willrocks Well-Known Member Silver Stacker

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    Corona virus will see the end of cash in society. I give it 6-18 months.

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  2. minimilled

    minimilled Active Member

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    I think there’s a good risk cash will be hoarded in anticipation of a bank run

    Plan accordingly
     
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  3. Silver260

    Silver260 Well-Known Member Silver Stacker

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  4. Jason1

    Jason1 Well-Known Member

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    outside of this covid virus stuff, a business who doesnt except cash is F'n nuts. the amount of money in bank fees I used to pay when I had my burger shop was just insane. transactions by card were killer, Id pay the bank thousands each year plus the customers paying for the same transaction in some cases.

    After I sold my shop I went 90% cash on my personal finances, the amount of money I saved on fees is just out of this world. But businesses and every day people dont do the maths so they dont know. its just another pair of hands in your pocket
     
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  5. Ag bullet

    Ag bullet Well-Known Member

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    "we do not accept legal tender"
     
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  6. Ag bullet

    Ag bullet Well-Known Member

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    oh fk, the power has gone out.
    "cash only"
     
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  7. JulieW

    JulieW Well-Known Member Silver Stacker

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    One thing that we can be absolutely sure of, is that there are plans and propositions that have been waiting for circumstances such as this and now the lowlife control freak public servants and their philosophies have the excuses.

    Some plans are dusty and not feasible, but some they've been nibbling at the edges of and now with us facing 6 months of life on a war footing, as is being lined up, the action begins on all those ideas that the public 'would never go for'.

    I don't see the cash ban happening, but the size of cash transactions will be reduced from where we are now.

    If you had the misfortune to hear Scotty from Marketing "addressing the nation" this afternoon* there were a few small clues on possible directions, including registers, fines, 'a job is a job' concepts for the unemployed etc (don't fancy fruit picking in Mildura? sorry a job is a job).

    I think the big ticket item that will appear in the next months will be the long anticipated 'Australia Card'. A standardised identification number that will be introduced on the basis of quarantine, medication, food access etc etc. In the 1970s I can guarantee that most people would not have objected to an ID card so they didn't have to wait a day for their licence plate number to entitle them to petrol.

    Today ScuMo foreshadowed fines and penalties(!) for being in the wrong place at the wrong time, failing to observe restrictions on movement and congregation etc. An ID Card will make all that so much easier Australia and we are all on the side of Law and Order and real Australians will have nothing to fear. etc etc blah blah achtung.

    *
    Listening to Morrison today I was less than impressed and actually angry and fearful at the consequences that this bunch of mediocre martinets are creating. Its the first time I've heard him speak and I thought the head of health services sounded authoritative and PM like. Then squeaky Scotty came on with his poor diction and mispronunciations sounding like the Treasurer at the Footy Awards Night.
     
  8. minimilled

    minimilled Active Member

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    Bank run is number one reason to have cash

    Don’t fool yourself. People must have TP when they need their TP. Even though there is no diarrhoea.

    Make sure you have sufficient cash before the herd factor and even worse, government figures wagging their fingers and calling you the enemy!
     
  9. minimilled

    minimilled Active Member

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    Julie, I found Morrison totally out of tune with the masses. He could have empathised, saying “I know you are frightened and it is responsible to look after yourselves and your familes by taking steps to have enough at home in case you have to self-isolate”

    But instead he was a finger wagging asshole.

    So, good luck at election Scummo!
     
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  10. willrocks

    willrocks Well-Known Member Silver Stacker

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  11. madaw1

    madaw1 Well-Known Member

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    Is this legal????? You can't use cash in Australia produced by Reserve Bank of Australia???.....:confused::confused::confused:
     
  12. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    Was listening to Morrison on the radio today and heard him use the word "transition"...... Gov't and business speak for we ain't going back to the way it was.

    How Good Is Australia.............
     
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  13. JulieW

    JulieW Well-Known Member Silver Stacker

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    Dutton announces he's using the Federal Police to go after "hoarders" and supermarket resellers who are "profiteering".

    So what distinguishes a prepper from a hoarder?
     
  14. madaw1

    madaw1 Well-Known Member

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    It looks like our PM has to follow the orders some people above Him-people who created globalization and trying to implement new world order-where everyone , his or her movement can be tracked and everyone can be digitally scanned like a dog... I didn't contemplate that something like this will ever happened in my lifetime,but I was wrong.. Virus is good excuse to put everything in place...
    How Good is the world now.......
     
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  15. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    Police here in gunnison threatening business owners if they dont stay closed. Apparently now it's the police job to run the economy.
    It's about to get ugly here and business owners are pushing back.
    Thirty armed men with gas cans could take care of that little problem real easy.
     
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  16. paruwka

    paruwka Member

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    Legal tender has always had limits.
    Coins are not legal tender if they exceed:
    • 20c where 1c and/or 2c coins are offered (these coins have been withdrawn from circulation, but are still legal tender);
    • $5 if any combination of 5c, 10c, 20c and/or 50c coins are offered; and
    • 10 times the face value of the coin if $1 or $2 coins are offered.
    A provider of goods or services is at liberty to set the commercial terms upon which payment will take place before an agreement for the supply of the goods or services is entered into. This means if the provider informs you before the transaction that EFTPOS is the payment method then, EFTPOS is the payment method and there is no legal recourse. If the provider does not specify a payment method and then refuses cash...well, you may have a case in court.

    For example, I recall the toll booths in Sydney that accept cash limit the amount of 5 cent pieces. Or, at least they used to. It’s been years since I’ve paid cash tolls.
     
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  17. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    I'll be profiteering as I accept food for sex!
     
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  18. openeyes

    openeyes Well-Known Member Silver Stacker

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    Very cunningly considered!

    Here is what is more likely to happen - barter will become much much more common - including sex as considered here.
     
  19. willrocks

    willrocks Well-Known Member Silver Stacker

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  20. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    A prepper is someone who is organized, a person who has thoroughly prepared months, years ago to ensure their life outcomes are met.
    A hoarder is someone who panic buys chips, lollies and fizzy drink.
     

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