The "War On Cash" Comes To Australia - Can The US Be Far Behind?

[prambo]

The banks are getting out of hand - little Nazis in Brooks Brothers suits:

War On Cash Intensifies: Citibank To Stop Accepting Cash At Some Branches | Zero Hedge

 

[holdover]

That house of cards wont last forever.

 

[Defilade]

I'll take Gold/Silver. Our paper money is Garbage. It's not backed by anything but a 20 trillion dollar debt.

 

[Darth]

I'll be honest. I didn't even click the link.

But based on that title, a country that chains range owned guns to a shooing bench, but still allows it's subjects to shoot them to display their "freedom" has NOTHING to do with the US.

We just demonstrated that.

Now, give me an AUexit and we'll talk.

 

[GOPerfect]

My friends and I, many, many years ago, had a conversation about this basic thing.

One of the fastest and easiest ways to enslave a people is too control the money, control how and when it is spent and have a system in place to track all of that spending.

When we had this conversation, things were very different. It was considered to be far-fetched talk. Like I said, it was many years ago. It was before the talk of Prepping and survival from our own Government.

The talk of yesteryear that was crazy talk, if coming home to roost in our current society.

 

[spat]

For the first time in history technology has caught up to the point where a government *could* control every transaction, literally requiring approval every time anything changes hands.

It's pretty scary.

 

[Cooolone]

Legal Tender...

Banks are required to accept it.

Or take your business elsewhere! Small local banks will love your cash.

And worrying about gold/silver backing the printing of money went out the door in the 60's. Only thing you can do is buy bullion yourself if you want that. But then you need to either invest in some serious safe-age or submit to a bank's safe depository as well. Lolz

Imo, just buy more ammo, never met anyone selling that which wouldn't accept cash

 

[tirwin1]

Watch this story carefully. My radar picked up on this 6-9 months ago. Cash is being withdrawn supposedly in the name of fighting crime. There is some basis for that. But it is awfully easy to control people if all cash was eliminated. Australia is a first world nation. Let's see what happens. Don't be surprised if this trend comes here.

 

[spat]

Legal Tender...

Banks are required to accept it.

And they will be, right up until they are forbidden from accepting it.

 

[ArmedCorgi]

Back to the bartering economy we go!! Tax free and untraceable.

 

[Phauxtoe]

I know many Australians and they deserve what they get
most of them are hyper patriotic which is annoying because it's garbage country
(and yes I've been there many many times)

 

[C3D]

TRUMP will bring back the $1,000 bill.

 

[prambo]

Forgot this thread even existed...

Picked the article below up from John Rubino's substack.

Seems an appropriate place for this, given the Hitlerian-like authoritarian bent of most of today's governments...

The War on Cash Escalates - The Nestmann Group

"Economists hate cash because people can’t be forced to spend it. That means in an economic downturn, consumers who hoard cash make it more difficult for governments to stimulate the economy by lowering interest rates."

"Governments hate cash for the same reason Keynes did. And they have additional incentives to crack down on it: to ensure that cash transactions are taxed, and to help trace the proceeds of criminal activity."

Given the very "fluid" nature of language in these bizarre and dangerous times, "criminal activity" is, essentially, anything Nazi.Gov says it is...whether you care what .Gov says, or not, is your choice.

The proper response, IMHO...