The following I believe, but I'm damned if I'll ever pay a bank to hold my money. Next will come confiscation of savings, just like Cyprus did. 

Morrison moves to eliminate cash on instructions from IMF

Jul 31

Posted by Editor, cairns news

THE Morrison government is attempting to sneak legislation through Parliament to virtually criminalise cash as part of an International Monetary Fund (IMF) drive to bring in negative interest rates, allegedly to “fight recession”.
Negative interest rates mean you pay the bank to hold your money, but cash in hand incurs no such charge.

It means governments will exercise even tighter control over money than they and the central banking system already have.
Draft legislation about to be pushed through Parliament by the Morrison Liberals will outlaw cash payments above $10k under the guise of tax efficiency and combating “the black economy”.

Prime Minister Scott Morrison acting under orders from the IMF moves to eliminate cash

But the Australian lobby group Interests of the People (IOTP) says the real agenda is all about the imposition of the IMF’s extreme global monetary policy in the form of negative interest rates.

“This represents a significant curtailment of civil liberties, and more,” says IOTP.
Australians have less than two weeks to respond and mainstream media appears to have ignored it.

IOTP spokesman John Adams says the Australian Treasury has released draft legislation which was initially announced in the May 2018 Budget by then-Treasurer Scott Morrison.

Nothing was done last year, but the legislation now proposes introduction on January 1, 2020.

“I was skeptical that this ban on (cash) transactions would come in but now that the Coalition has been re-elected, the Coalition with ScoMo and (Treasurer Josh) Frydenberg have decided to push this initiative forward,” Mr Adams said on IOTP’s YouTube channel (“Red Alert: ScoMo declares war on the Australian people”).
Adams says the government is claiming it’s to deal with tax revenue and the black economy but if this was the case, why didn’t they do it a decade ago when the GST was brought in as a way of eliminating the black economy.

“They could have easily introduced certain bans on transactions at that point, but they never did. So why now?
“It’s because not of tax revenue, it’s about interest rates. It’s about the International Monetary Fund. They’ve written a series of technical papers … about how to make negative interest rates work.”
Adams says the IMF wants to make interest rates “deeply negative” e.g. negative 3 to 5 percent, something never done before in human history.

And this would allow the central banks to implement controls on money and people never before implemented in history.
Adams says this will be sold as an initiative to stop the black economy, but in reality it is the first of a series of stages to eliminate cash.
The Treasury announcement came out at 5:12pm on Friday, July 28, in an attempt to limit exposure of it. Mainstream media do not appear to have reported on the plans.
The consultation period ends on August 12th, which points to an attempt by the government to limit exposure of the plans, while allowing them to say “consultation was sought”.
The full interview can be seen at https://www.youtube.com/watch?v=770M2s6ZD8Y&

greggerypeccary wrote on Aug 6^th, 2019 at 9:05pm:



Here's a fake Chinese Fender and it's good:





But this one is no good:

Criminals will just utilise other methods to trade. This will also drive the use of virtual currencies like bitcoin and increase drug trafficking as a result. What the government fails to see is that the black economy drives the whole economy, people who get paid in cash generally tend to pay in cash and the money is normally spent on consumables and entertainment. Idiotic politicians. They would be far better off getting rid of $100 notes.

rhino wrote on Aug 6^th, 2019 at 10:07pm:


The criminals will always find a way.

Bobby. wrote on Aug 6^th, 2019 at 10:09pm:

You will never stop black marketing. The government wants control over every cent we spend so they can tax it. f em.

You can still buy a car for more than 10k cash from a private seller without LibLab Govt interference, but not from a dealer, you'll be spied on and put in jail for two years or fined $25,200.00

Bias_2012 wrote on Aug 6^th, 2019 at 11:05pm:

The Libs jumped the shark when they started knifing their leaders in the late 1960s and it's been downhill ever since.

FTAs are not free at all - just one-sided against the Banana Republic ore seller.. (oooore) ... China has a 10% tariff, same as Trump retaliated with, and cheap labour is an automatic tariff..... 'we' can't sell finished goods to Thais, since they don't earn enough making Holden cars to buy our stuff = automatic tariff 101 .....  mass immigration is flooding the nation with people who have no real job, but pump up the artificial fudge housing market that makes it look like the nation is prosperous while costs of living outstrip wages ...... and keep the peasants off balance due to ethnic differences... jush kul'chral, innit, when a Musso screams 'Off With Their Heads!"?