Cash Ban Senate submissions ends soon

[316ag]

Here is a good article from Ainslie Bullion on the Cash Ban being considered by the Australian Government Senate. Public submissions close in a few days.
The link will take you to Ainslie Bullions news feed and a great submission arguing against the cash ban.
https://www.ainsliebullion.com.au/m...nate-submission/tabid/155/a/2145/default.aspx

 

[projack]

No more pocket money for children.

 

[316ag]

No more pocket money for children.

More pocket money for banks.
If you hold cash (bullion also) outside the banking system you avoid negative interest rates. A ‘worrying’ fact pointed out by the IMF when discussing the ‘merits’ of negative interest rates during the next global recession.

 

[madaw1]

A ‘worrying’ fact pointed out by the IMF when discussing the ‘merits’ of negative interest rates during the next global recession.

They know what they doing,and how to suck all cash you have earned from you--slavery 21 century...

 

[Ian Gillman]

How else can they tax the flea market and backyard sales transactions? Everything online means they see everything and can tax everything.

 

[Ipv6Ready]

What’s the issue?

 

[willrocks]

Now they're saying cash contributed to the Great Recession.

How Cash Constrains Lower Central Bank Negative Interest Rates

Rogoff’s main thesis is that major developed economies should get rid of cash not only because it constrains monetary policy but also promotes corruption, tax evasion and illegal activity.
...
In many respects, Rogoff is advocating that the Fed should have the ability to use negative interest rates to fight macroeconomic calamities in the future and missed out on the opportunity to do so during the Great Recession thanks to the cash economy.

https://www.forbes.com/sites/jonhar...al-bank-negative-interest-rates/#65e7174a38b1

 

[316ag]

Gold and silver is the only real money. Plastic or paper notes are only iou’s. A debt receipt that can never be extinguished.
Keith Weiner of Monetary Metals is worth following.
https://monetary-metals.com/whats-the-price-of-gold-in-the-gold-standard-report-10-nov/