'Cashlessness' is part of The Great Reset. The Klaus Schwabs of the world have been saying what a marvellous opportunity for changing society the China virus is. They are using the AGW hoax as well.

Of course, nobody is listening, as usual. Most people never listen. They deserve what they get.

And you listen to this Mr. Fletcher: most businesses the average Joe deals with are still taking cash. You are just aiding and abetting the people trying to make us stop using cash. We shouldn't be talking about it. We should ignore the insanity of the fascists 'resetters' and go about our business as usual.

Polymer banknotes can play host for covid-19 for as long as a month.

And in that month, pass through literally hundreds of hands per each infectious banknote! And those infectious banknotes can kill vulnerable people!

Anyone, even sole traders, tradies can acquire a portable EFTPOS machine and use that on all their legitimate transactions.

The only ones who need cash money are the drug and dope pushers and the money launders, needing to hide the proceeds of crime!

The sooner we go cashless the sooner we can end most of this and the BS, bah humbug peddled out there to support it!
Alan B.

Long live the black economy.......

"The only ones who need cash money are the drug and dope pushers and the money launders, needing to hide the proceeds of crime!he only ones who need cash money are the drug and dope pushers and the money launders, needing to hide the proceeds of crime!"

Now, there's a stupid statement.

ttbn. It only seems stupid to you and your moribund ilk, because you and they are too stupid to understand we can buy stuff/anything we need with a plastic card we alone handle!

If that puts the sly groggers and dope pushers out of the market? I won't lose much sleep. And if the robs a few SB bookies/payday lenders of a payday, ditto. And if it ends a lot of tax evasion and most of the black market? Ditto.

Moreover, if that spells the end of the poker machine or non-taxpaying foreign bookmakers, who regularly rip annual billions from us! You won't hear me complain.

I mean, if there's a card involved and therefore a recorded transaction? That transaction can at least be taxed! And our own TAB/local business able to compete on a level playing field!

You have a problem with any of that, genius? Or maybe you think a round world is stupid? Would not surprise if that is the way your giant-brain works, genius?

Me? I'd decriminalise or legalise all drugs except ice! And I'd legalise properly medically supervised, by informed choice, prostitution.

Maybe the latter may end your, that's stupid, evocation, genius?
Alan B.

No Alan. You cannot bluster and deny that you made a very stupid and insulting comment about people who prefer to use cash. You are a silly old man trying to prove you are 'with it'. It's not working.

The banks were hoping to go totally cashless within 5 years; now Covid19 in 6 months has progressed this. Just think of all the fee transactions the banks will make! They laugh with glee. 99.9% of those who test positive for this new corona virus will survive. We need to protect the elderly and those with chronic ailments not lockdown the healthy.

Surely there are t main reasons. One to be able to track everything we do,but

the second is to make it much easier to "bail in" all our electronic assets. Just a couple of key strokes & our bank deposits are converted to bank shares, leaving us with nothing.

You can't hide your lap top under your mattress to stop government or the banks, [is there still a difference], grabbing your savings, any time they like.

Recently in Queensland, we saw deeds for real property abolished. The only record of your ownership of your personal bit of dirt, is now just a few key strokes in an electronic memory. The reason, [excuse], for doing this were very flimsy to say the least. So without cash just a couple of key strokes, & it is all gone, as if you never owned a thing.

Burying some physical gold & silver is about the only insurance policy we will have.

Laptops that are routinely turned off, give up nothing while they are down and modems can also be switched off until required, as can phones!

Governments are the servants of the people that pay for their salaries and entitlements, not their masters as hasbeen erroneously concludes?

Some people prefer cash? Don't trust the banks and or government and with good cause sometimes, given the cultures they were once part of?

For mine, people who hide their money in the mattress are setting themselves up as possible targets for violent home invasion by lunatic ice addicts etc!

Banks do charge a small fee (which could be pegged by government legislation) for supplying a card and that card remains with you for your exclusive use and is protected by a PIN.

And some of these cards can be used in any ATM around the world if there is need of some cash for the occasional, rare, cash only transaction! So, cards do not eliminate cash transactions entirely, just ensure that there's an accurate record of them!

Therefore, where is the problem? An accurate and very revealing record of your total (white colour crime/tax avoidance/evasion etc?) drug and alcohol/brothel visitation, official bribery, etc-etc, expenditure perhaps?
Alan B.

Come off the raw prawn Alan.

Ask the Greeks if the government can decide to convert your bank deposits to bank shares. The Greeks who had their cash under their mattresses were the real winners.

No cash & they have ypu completely.

Stop Press.

Suncorp bank are now limiting phone banking transfers between your own accounts to $5,000 a day. I wonder why they would do that?

Is their phone banking system so insecure that it can't be trusted to avoid scammers?

Is it to avoid people changing their deposits around to slow down a "buy in".

I am only allowed by their rules to use phone banking to transfer money from my offset accounts to a trading account. I can transfer money or pay money into them at a branch or agency, but nor out of them. Now they want to limit how much I can transfer daily.

Obviously my offset accounts will be liquidated over the next few days. Only a fool would leave money in them with these rules.

Last time I was buying a car they wanted 8 days notice for me to withdraw more than $10,000 from a branch, or $3000 from their wholly owned agency in a large town. Are any banks better?

A tin full of gold & a few dozen notes buried in the back yard is looking safer every day.

IS IT TO STOP A RUN ON THE BANKS AS THE RECESSION GOES FROM RECESSION TO DEPRESSION?

I think that is it Mr O.

Anyone who has any money in any sort of bank account would be wise to get all but a couple of thousand out. They should if possible, convert it to something like gold, as close to immune to inflation as possible.

I don't think that there is any deliberate ill-intent by anyone, yet the result is unwholesome and sickening.

Cash is not ideal, it was already a compromise: the ideal is sharing what we have freely with others, but the exponential growth in human population prevented this and so came barter, and as human population grew further, barter too was replaced by cash.

At least with cash we have a real personal human exchange, including eye and hand contact, some physical form, so at least we still relate with each other as human beings, not as commercial entities, at least it still echoes some respect for each other.

So long as we have physical bodies we should aim to return to real physical connections and not support this mad abuse of magnetism that swallows us into machines.

So what do we do during pandemics?
Fortunately with COVID-19, disinfection is easy. When times were bad like in April-May, I used to spray my hands and the money I paid before handing it over and similarly spray the change I received with my always-ready disinfectant. The notes were wet, but it's not a big deal. Even now I am still always ready with my bottle should anyone ask me to disinfect my money before paying.

But suppose it had been a different germ/virus that is harder to disinfect, then I would suggest paying by leaving money in a dedicated spot for the other person, even in a cupboard in one's own home if necessary, with a note: "this money belongs to such-and-such", then hand it to them once the pandemic is over. Of course, if the payee wanted to use this money to pay someone else, then all they need is to ask us to modify the note accordingly.

So what is missing? Trust!

Because we fail to be kind and trust each other, the machines have the better of us... and still, now people discover that if we cannot trust the essential goodness of each other then bit-based machine-money cannot be trusted either!

Yes Yuyutsu, trust was great, the Ozzie way. When the folks sold the family home in Young NSW in 1968, they couldn't find the keys, it was so long since they were used.

Then of course immigration exploded. We brought in too many good for nothing people, of the wrong type, from the wrong places. Now we are afraid to walk down a suburban street, or ride a train at night.

Not only trust, but safety is long gone, & won't be coming back unless we send a few million people back to the hell holes they came from.

It would be nice to be able to expect a bit of gratitude & cooperation from those we have tried to help, but it obviously doesn't work that way. Unfortunately it appears to be impossible to get the bleeding hearts to understand this, so we all pay with our list life styles.

As Hasbeen has drawn attention to "Bail In" many people have never
heard of it. Ask your bank manager and he will contact his manager
in a far away HO.
When the financial system gets into difficulty the IMF (International
Monetary Fund) activates the Financial Stability Board who can go to
any bank anywhere and skim as much money off as many accounts as to
meet the debts of another bank.
Actions of which I am aware are the raids on the private bank of Cyprus
to rescue the National Bank of Cyprus which had outstanding bonds with
National Greek Bank bonds.
Remember the Greek Govt Bonds were in trouble.
They ran into trouble because the Russian
oligarchs got wind of it and entered the Bank of Cyprus branch in
Moscow and withdrew their funds around midnight.
Another case was in Portugal and a third was in Italy. In this case
a farmer who had over E100k disappeared from his account shot himself
on the steps of the bank.
Wayne Swann signed us up for this at the G20 meeting in 2012 in
St Petersburg and in 2013 Joe Hockey ratified it at the Brisbane G20 meeting.

I researched this and from reading the documentation there is one safe
place outside a bank and that is a building society.
Catch, make sure the building society is not part in any way of a bank.
I asked the manager of my building society and it was obvious he had
never heard of it, Oh no worry he said the Australian banks are solid.
I had to research the society myself.