Posted on 05/16/2018 8:45:47 AM PDT by bananaman22
In the fight against terrorist financing, drug trafficking, money-laundering and tax evasion, Australia has moved to ban the use of cash in any transactions over $10,000 by next year, moving the Down Under that much closer to becoming a digital currency society.
In a move lauded by Treasurer Scott Morrison as “bad news for criminal gangs, terrorists, and those who just trying to cheat on their tax …”, the government is eyeing the surveillance potential of large transactions made by checks or credit cards connected to banks and hoping to cut down on crime in the process.
The ban will become effective in July 2019, and will not affect transactions with financial institutions or consumer-to-consumer non-business transactions.
(Excerpt) Read more at safehaven.com ...
If not large cash transactions it will be something else.
Stupid idea. As if that’s going to stop the drug lords.
“In the fight against terrorist financing, drug trafficking, money-laundering and tax evasion”
Just excuses to move to a cashless society and under the total control of the bureaucrats and banksters.
Blockchain.
A loss of liberty that will harm the citizens, not the bad guys.
Which means very intense attention paid to all payments in the 9G category..
Tyranny is justified by either going after bad people or by doing good but it’s real purpose is never anything except more more for those that rule.
you’re 100% right here
Heralding the rise of cryptocurrency.
I am sure the drug cartels are concerned about this. /s
I am sure the drug cartels are concerned about this. /s
Without the Mark, one can neither buy nor sell.
Worth repeating
It’s not about terrorism or drugs. It’s to gain control over all transactions. Today it’s 10,000. In 2 years, they will be saying that it works but not well enough, and they will have to change it to 1,000. Then two years later, it’s ALL transactions.
When that’s done, they can just take anything they want. Remember Cyprus?
Don’t doubt me.
There, I fixed it.
lol...said the same thing, like 15 miliseconds later
Great minds, eh? :-)
Absolutely right. The whole "fight crime" rationalization is just a pretext. Almost all laws designed to enslave us are sold under the guise of "protecting" us.
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