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 ...
Foot in the door to control all of your bank accounts and to control all of your ability to spend money.
It's not meant to stop drug lords or other criminals for that matter. Its purpose is to put the government's thumb ever more tightly on the ordinary citizen serf.
Thread 3654580 says the amount is $7500.
Are there no PAWN SHOPS in Australia??
I know people that buy or sell horses & they do NOT take checks. CASH ONLY. Same thing at any livestock auction unless pre-approved by Auction yard to use checks.
Horse can disappear off your property—check is no good—and you cannot find the perp...... OR THE HORSE!!!
When thats done, they can just take anything they want. Remember Cyprus?
Dont doubt me.
I don't doubt you. I believe that is exactly where it is heading.
It's about control. It has always been about control.
What about fight against white collar and bank crime and bank abuses?
I remember when the European Union forced Greek banks to take what they called a haircut and stole money from customers accounts to pay debtor banks in Germany.
The only defense about that is the ability to freely move cash out of a bank, and live in a society where cash is analogous to electronic funds.
The other big theft banks are trying to do is to institute negative interest rates, this bank crime can only be done if cash is restricted.
Dont be fooled, dont let cash be restricted!
one drug lord to another
“Here’s your $20,00- cold hard cash”
Second DL
“Nope- no can do- they passed a law dontchaknow? Can’t accept anything over $10,00 if it’s in cash- sorry”
Hey, well, what’s the big deal if you don’t have anything to hide, right?
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