Australia Cashless Society by 2022

[icyfroth]

"Cash is predicted to make up only 2% of all payments within the next five years.

If you still pay for your morning coffee with a crisp $5 note, you’re a rare breed and clearly missed the “cash is no longer king” memo."

Link 

"Prime Minister Scott Morrison and his government introduced legislation to parliament in September that could make it illegal for Australians to pay for purchases over $10.00 in cash.

A senate committee is currently open to submissions from the community.

The task recommended by the Black Economy Taskforce, with those who support it claiming the bill’s purpose is to crack down on illegitimate activity, from tax evasion to money laundering. Why, after all, some may ask do we even pay with cash at all?"

Link 

�� ....A cashless society means no cash. . Zero. . 
It doesn’t mean mostly cashless and you can still use a ‘wee bit of cash here & there’. 
Cashless means fully digital, fully traceable, fully controlled. I think those who support a cashless society aren’t fully aware of what they are asking for. 
A cashless society means:

* No more tuck-away cash for those preparing to leave domestic violence.
* No more purchases off marketplace unless you want to risk bank transfer fraud.

* No more garage sales.
* No more cash donations to hungry homeless you pass.
* No more cash slipped into the hands of a child from their grandparent.
* No more money in birthday cards.
* No more piggy banks or tooth fairy for your child.
* No more selling bits & pieces from your home that you no longer want/need for a bit of cash in return.
* Less choices of where you purchase based on affordability.

What a cashless society does guarantee:

* Banks have full control of every single cent you own.
* Every transaction you make is recorded.
* All your movements & actions are traceable.
* Access to your money can be blocked at the click of a button when/if banks need ‘clarification’ from you which could take weeks, a hundred questions answered & five hundred passwords.
* If your transactions are deemed in any way questionable, by those who create the questions, your money will be frozen, ‘for your own good’.

And before anybody slams this post ... don’t go shooting the messenger .. 
I’m sharing it because maybe we all need to take off our blinkers. 
Forget about cash being dirty. Cash has been around for a very, very long time & it gives you control over how you trade with the world. It gives you independence.

If you are a customer, pay with cash. 
If you are a shop owner, remove those ridiculous signs that ask people to pay by card. 
Cash is a legal tender, it is our right to pay with cash. 
Banks are making it increasingly difficult to lodge cash & that has nothing to do with a virus.

Please 

A senate committee is currently open to submissions from the community.

[rogespeed]

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@4channel wrote:

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@davewil1964 wrote:

I would. A representative who's FEDERAL term finished 43 years ago? Really. How is he relevant?

And whether or not the Federal Reserve can print money out of thin air impacts AUSTRALIA how?

You keep on complaining about people taking threads off-topic, but that is all you have done in this thread. Or is it only other members taking YOUR thread off-topic that you object to.

Regardless, your sources tend to be loonie right conspiracy theorists. You might think they are credible, the majority don't. Therefore you should maybe play on sites where your BS will get traction.

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Again, it was rogespeed that mentioned the federal reserve first. I just replied to him as he's an intelligent poster and never attacks other people. And he made a good point about an aspect of the cashless society.

Quote" You keep on complaining about people taking threads off-topic"

The complaints I have made in the past are not so much about off topic. They are about bullying, deliberate nonsense posts placed to pile up on a thread. Another well respected member has voiced conncen about this.

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I confess , but off-topic can be so interesting  in this dull covid world of diminishing federal funding 

[4channel]

Well, what goes down in the US has more than a ripple effect in Australia.

[rogespeed]

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@4channel wrote:

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@rogespeed wrote:

wiki " federal reserve system "

quote : Although an instrument of the US Government, the Federal Reserve System considers itself "an

independent central bank because its monetary policy decisions do not have to be approved by

the President or anyone else  in the executive or legislative branches of government, it does

not receive funding appropriated by Congress, and the terms of the members of the board of

governors span multiple presidential and congressional terms. end quote

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It's a strange setup that's for sure! The shareholders are who?

What I do know is that it prints money basically out of thin air so to speak, and then sends the US into debt?

Some years ago there was an "End the Fed" rally.

This gentleman below had the right idea.

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Ron Paul - End the Fed

25,641 views

•Sep 6, 2008

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Save

FORA.tv

124K subscribers

Complete video at: http://fora.tv/2008/09/02/Ron_Paul_Sp... Republican Congressman and former Presidential candidate Ron Paul calls for an end to the U.S. Federal Reserve System. This program was recorded as a part of Ron Paul's Campaign For Liberty: Rally for the Republic event, in Minneapolis, MN, on September 2, 2008. FORA.tv coverage of the RNC: http://fora.tv/topic/republican_conve... ----- The Rally for the Republic is our premier event and the official kickoff to the Campaign for Liberty. Ron Paul will be headlining the event with a speech that will define our place in history. Musicians and speakers will fill the line-up for this all day event at the Target Center - Campaign for Liberty: Rally for the Republic Ronald Ernest Paul is a Republican United States Congressman from Lake Jackson, Texas, a physician, a bestselling author, and a former 2008 U.S. presidential candidate.

https://www.youtube.com/watch?v=XOv1K8ikz5E

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San Francisco End The Fed Rally - Sept 22, 2012

73 views

•Nov 10, 2012

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David Brodie

13.9K subscribers

Anti Federal Reserve protest, starting at Embarcadero port building and then in front of the San Francisco Federal Reserve building on Market Street. A protest against elite bankers, the printing of worthless dollars based on nothing, massive debt, and bailouts of rich companies. This was a dedicated, informed and fun group of people.

https://www.youtube.com/watch?v=drzUJMLAkHI

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I think the objection is that legal tender  maybe consider intrinsically citizen owned via earnings yet has it's worth degraded from being charged interest - and in a free market economy how can control of legal tender including charging of interest by those that do not earn it be justified and still be defined as free market ?

[4channel]

Time for people to stop watching Home and Away and  I'm a Celebrity etc..

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 FINANCIAL REVIEW

Is the virus the meteor that finally wipes out the dinosaur of cash?

 

Businesses that have shunned cash in the pandemic may be finally nudging the public away from clunky notes and coins.

Richard Holden Contributor

t’s neither easy nor wise to look for silver linings in the coronavirus pandemic. It has been a disaster and a tragedy, even though Australia should rightly be proud of our world-leading response.

But that doesn’t mean it’s wrong to consider how the pandemic has changed the way we work and interact. Some of the most lasting consequences of COVID-19 may concern how we work, but another more subtle change has been to how we go about everyday purchases.

ATMs are already disappearing at a rapid rate.  Paul Rovere

Read on here

https://www.afr.com/policy/economy/is-the-virus-the-meteor-that-finally-wipes-out-the-dinosaur-of-ca...

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