Future of the $100 note up for grabs as government targets cash

Discussion in 'Current Affairs' started by Currawong, Dec 13, 2016.

  1. willrocks

    willrocks Well-Known Member Silver Stacker

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    http://www.news.com.au/finance/econ...l/news-story/042220701a8310c39a1a87da4e20de35

    There's some really sh!tty journalism here somewhere.

    BBC News: http://www.bbc.com/news/business-38201575
     
  2. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    Guys!! They are looking at more than just eliminating the $100 note.

    There are a number of ideas from overseas that will be looked at:

    * Banning cash payments over a relatively low limit.
    * Certified cash registers providing realtime info to tax authorities
    * Expanding the reporting of cash transactions to AUSTRAC

    Probably other things too. The articles are sprinkled with references to criminals, terrorists, tax cheats, welfare bludgers, "fair go" for taxpayers, black economies, suitcases full of cash, etc etc etc. They are rolling out all the usual propaganda for this one.

    This will be a full on initiative:
     
  3. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    Actually they are getting rid of the 100-boliver note (worth about 2 US cents) hand have given people, depending on news reports, between 72 hours and ten days to hand them in for replacement. Because... the mafia (apparently).

     
  4. yennus

    yennus Well-Known Member Silver Stacker

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    https://www.facebook.com/LDP.australia

    The government is looking at introducing a ban on the $100 note.

    This is yet another attack on small business owners, sole traders, and people who just want to save their own money. The only two groups that would benefit from a ban on the $100 note are banks and the ATO.

    The Liberal Party was at one point a party that believed in a "government that nurtures and encourages its citizens through incentive, rather than putting limits on people through the punishing disincentives of burdensome taxes and the stifling structures of Labor's corporate state and bureaucratic red tape."

    Now, after this blatant attempt to extract more money from Australians, it seems the Liberal Party is nothing more than a copy of the Labor Party
     
  5. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    What reason does an average person have to store cash? I don't mean $5k, Nor do I mean working Capitol.

    One group I can see benefiting from the sheer number $100 notes are people who don't pay tax
     
  6. southerncross

    southerncross Well-Known Member Silver Stacker

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    That is exactly what it is all about, a cashless society has been on their radar for years. Everyone just uses pay swipe at the moment anyway right? And those who want to use cash are just mostly criminals trying to rip off the Taxpayer. It all started years ago with limits on cash withdrawal amounts based upon customer safety at the banks, and then the introduction of Austrac and tellers asking what your own cash was to be used for etc, $10,000 of Hookers and Blow was frowned upon, now the police seem to think that a couple of grand in cash is a suspect thing and they can seize it without any reason at all unless you can show evidence that it not from the proceeds of crime, they will take it first though.

    It is not enough that your rewards cards are used to follow every nook and cranny of your purchasing habits, they now want to be able to in the future just turn you off at the push of a button if you do not comply.

    Every news channel and every current affairs program will be hammering the point in coming years, and justifying the Gov't position and the reasons why if you think differently about it, you are just a criminal out to thwart the system and must have an ulterior motive, and the average Jane and John McBaahhaa will just nod along in approval

    No need for a bank holiday in the future, all your cash has belong to them anyway.
     
  7. willrocks

    willrocks Well-Known Member Silver Stacker

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    All part of the global push for a completely cashless society. It's no coincidence that cash is being targeted in many different countries.

    Australian financial institutions are now getting ready for the NPP (New Payments Platform) that will be fully operational in 2017/18.

    http://www.apca.com.au/docs/new-payments-platform/npp-launch-presentation.pdf

    The NPP combined with removal of cash will bring in a fully cashless society. Just need to complete convincing the masses with a relentless media campaign.
     
  8. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    It is a coupe attempt by bankers. And their pet politicians.
     
  9. radiobirdman

    radiobirdman Active Member Silver Stacker

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    Viva la revolution
     
  10. PeterS

    PeterS Member

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    So much for matress stuffing pensioners who saw the writing on the wall and went for $50's! Even though they might not feature in regular payments, might not PMs also be looked at as wealth storing vehicles?
     
  11. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    Gold is already on the government radar as a store of value that benefits "high-threat criminal enterprises".

     
  12. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    In the above extract, note this bit: "Criminals are likely to undertake fraudulent activity when they purchase gold bullion." How easy it is then to subtly shift the narrative to "purchasing of gold bullion is likely done to undertake fraudulent activity" which tars all buyers of as suspicious and sets the stage for stricter controls on the purchase and ownership of gold.
     
  13. BuggedOut

    BuggedOut Well-Known Member Silver Stacker

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    I am coming to the realization that when I am finally ready to sell my PMs the climate will be so bad that I will probably have to do it on the black market.

    PS - Good to see you SpacePete. Haven't seen you around much in a while :)
     
  14. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    Thanks :) This latest government bullshittery has awoken me from my stupor.
     
  15. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    Maybe but at least you will have something to sell or trade. Look at the poor shmuks who will have only credit cards and frozen bank accounts.
     
  16. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    Fundamentally, it's not cash or gold or bitcoin or whatever that the government really wants to eliminate. It is what cash enables that governments wish to eliminate. It is the independence of citizens to operate to a minor extent outside of government control that they want to destroy. It is a war on liberty, and attacks on cash are simple one battle amongst many.
     
  17. projack

    projack Well-Known Member Silver Stacker

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    Almost every human activity can be linked someway to illegal or criminal behaviours.
    This is the reason we have police, instead of criminalize or disadvantage the entire population without any good reason.
     
  18. ShinyStuff

    ShinyStuff New Member

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    Everything is being set up, ducks in a row. Complete world domination in three short calendar months (when it begins).

    RFID in all food.... check. Gubbermint can know EXACTLY what supplies you have in your home, along with time and place of purchase.

    Control of all forms of trade... check.

    Now the sheeple are ready for the IMPLANTABLE RFDI "marks of the beast".... People will line up and warmly welcome the change. It will be so "convenient" and there will be no more theft or crime. Those who don't do it will simply have the switch turned off of their consumer lives. They will learn.

    If there are kind sympathisers who assist family/friends they will be found out as RFID imbedded in the food will show the date/time of purchase and by whom. Gubbermint vans will scan whole neighbourhoods and none will be able to have a cover story. Go straight to the detention camps. So they will nab everyone. It will only take 8-12 weeks TOPS to force the slow adapters out of their resistance.

    Meanwhile the new series of X-Factor and MasterChef will roll out and no-one will care.

    Before you mock me.... read The Book of Revelation for yourself.

    Shiny.
     
  19. kramer

    kramer Member

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    We talked about this 6+ months ago. start stacking fresh bank bricks of the new $5 notes :D

    $50's will obviously be targetted since theres far more of them than $100 bills in the money supply. far far more.
     
  20. Currawong

    Currawong Member Silver Stacker

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    The RBA has actually defended the unusually high percentage of large denomination notes in circulation saying that it is a side effect of the low interest rates, people see less incentive to deposit money into bank accounts and are hold it themselves.
    It's mostly law enforcement, the LNP and liberal economists of an IPA ilk pushing this crap about a "black economy" because they think they can magically fix the budget this way, by targeting the populace instead of going after the real issue: tax dodging foreign corporations and banks.
     

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