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The Forum > General Discussion > Hands Off Our Cash!

Hands Off Our Cash!

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A bill to ban cash payments over $10,000 and impose two-year jail sentences on those caught using cash above that limit is about to be passed in the lower house, but it is likely to be opposed by the entire Senate crossbench.

The whole thing is aimed at criminals, who will find ways around it, and the negative effects will be felt by ordinary people who are more comfortable using cash than than they are with using technology when paying their bills and purchasing goods.

And, there is little incentive to keep money in a bank, given record low interest rates. The Greens, in a rare moment of sanity, say that the government will be criminalising the use of legal tender.

To me, this is just another case of politicians inconveniencing and punishing most of us because they are incapable of dealing with criminals - who will find a way around the law as they always do. It is also another invasion of our privacy
Posted by ttbn, Saturday, 29 February 2020 10:16:19 AM
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"The Greens, in a rare moment of sanity, say that the government will be criminalising the use of legal tender."

'Even a broken clock is right twice a day'

Well good for them.
Maybe Greens party members do a lot of brown paper bag deals?
Few people do things that aren't in their own interests.

On the opposite end of the spectrum:

The Special Commission of Inquiry into the Drug 'Ice' has called for the decriminalisation of drugs for personal use.

http://www.abc.net.au/news/2020-02-27/ice-inquiry-findings-decriminalisation-pill-testing/12006176

So you've got: Make cash illegal, but make drugs legal.

Coronavirus can be used to push a seemingly valid argument that we need to get rid of cash as it can spread the infection.

I told you all some time ago that they will push for a cashless society;
And in such a scenario they will make recreational drugs legal and regulated and they will effectively become dealers by profiting off the exact same drugs they've persecuted and imprisoned others for in the past (in the interests of safety of course)

Once they have an agenda, we'll they may not win today,
But they'll keep pushing the issue and steering the arguments until they do even if it takes baby steps.

- Full Spectrum Dominance -

http://www.amazon.com/Full-Spectrum-Dominance-Totalitarian-Democracy/dp/398132630X

One last point, they're going to want everyone's cash in the bank for the bail-in.
Posted by Armchair Critic, Saturday, 29 February 2020 8:15:34 PM
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If computers could conspire, then the prohibition on cash would be an important step in their plot to control the world and subjugate its humans, including the prevention of any direct human interactions that do not pass through them.

No, computers are not yet capable of this, but there seem to be plenty of useful-idiot humans who work tirelessly to take them there.

That government is to be privy to our financial transactions is problematic in itself as well, but today I will not dwell on that problem because it pales in insignificance relative to the proliferation of, degree of control and dependence on computers and similar digital machines. If government is honestly keen that all they want is to know where money goes (even while this is a bad idea), rather than to plot on behalf of computer-hegemony, then instead of this law they only need to require a written form to be submitted immediately whenever a large cash transaction occurs.
Posted by Yuyutsu, Saturday, 29 February 2020 10:31:46 PM
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The Australian Taxpayers’ Alliance (ATA) have called the proposed ban a “corporatist attempt by members of the Government to help out the major banks by forcing people to use their services”.

That's the same banks a recent government enquiry revealed were ripping off customers left, right and centre.

"The cash ban won’t crack down on crime syndicates, it won’t stop money laundering, and it won’t stop tax evasion,” according to ATA executive director Brian Marlow.

It's a bit like our draconian gun laws: only decent, law abiding citizens are inconvenienced and treated like criminals. The real criminals just laugh.
Posted by ttbn, Sunday, 1 March 2020 11:05:57 AM
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Don't worry, the Chinese will find a way around it.
Posted by Mr Opinion, Sunday, 1 March 2020 11:29:28 AM
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I fail to see this proposal is a problem, except for foreigners transacting real estate deals with truck loads of laundered cash.

Those accumulating cash under the bed can still do so, to avoid banks.

Money may still be laundered in ten grand lots, by sitting the old Chinese grandad comfortably on a chair, feeding wads of cash into an ATM.

Chinese can continue sending out grandma each Saturday, to collect the rent in cash.

What changes except the above money laundering through real estate deals?

Dan
Posted by diver dan, Sunday, 1 March 2020 1:04:26 PM
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