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greggerypeccary

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Re: cash limit
Reply #75 - Aug 7^th, 2019 at 4:17pm

Bobby. wrote on Aug 7^th, 2019 at 4:14pm:

greggerypeccary wrote on Aug 7^th, 2019 at 4:08pm:

Bobby. wrote on Aug 7^th, 2019 at 4:06pm:

greggerypeccary wrote on Aug 7^th, 2019 at 3:55pm:

Bobby. wrote on Aug 7^th, 2019 at 12:38pm:

Greggy,
during the recent Federal election Govt. debt was
a forbidden topic - neither party nor Keating
have the slightest clue what to do.
Every promise they made was to use borrowed money.

It's a forbidden topic because it unnecessarily scares the public.

Australia’s government debt as a percentage of GDP is around 41%.

That's less than half the level of most major industrialised economies such as Japan (236%), Britain (86%), Germany (60%), the US (108%), Canada (86%) and France (96%).

I wouldn't lose sleep over it, Bobby.

We should all be losing sleep over it.

Not this little black duck Wink

Greggy,
You're just another sheep like most people.
It's actually a very serious problem and
there is no solution in sight.
The idiots who were running this country should be in jail -
the ones who got us into this financial mess.

Not this little black sheep, then.

Have a whiskey, and chill out.

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GOP = Guardians Of Paedophiles

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Bobby.

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Melbourne
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Re: cash limit
Reply #76 - Aug 7^th, 2019 at 4:19pm

greggerypeccary wrote on Aug 7^th, 2019 at 4:17pm:

Bobby. wrote on Aug 7^th, 2019 at 4:14pm:

greggerypeccary wrote on Aug 7^th, 2019 at 4:08pm:

Bobby. wrote on Aug 7^th, 2019 at 4:06pm:

greggerypeccary wrote on Aug 7^th, 2019 at 3:55pm:

Bobby. wrote on Aug 7^th, 2019 at 12:38pm:

Greggy,
during the recent Federal election Govt. debt was
a forbidden topic - neither party nor Keating
have the slightest clue what to do.
Every promise they made was to use borrowed money.

It's a forbidden topic because it unnecessarily scares the public.

Australia’s government debt as a percentage of GDP is around 41%.

That's less than half the level of most major industrialised economies such as Japan (236%), Britain (86%), Germany (60%), the US (108%), Canada (86%) and France (96%).

I wouldn't lose sleep over it, Bobby.

We should all be losing sleep over it.

Not this little black duck Wink

Greggy,
You're just another sheep like most people.
It's actually a very serious problem and
there is no solution in sight.
The idiots who were running this country should be in jail -
the ones who got us into this financial mess.

Not this little black sheep, then.

Have a whiskey, and chill out.

Would you run your own life so that every year you were more in debt?

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rhino

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Re: cash limit
Reply #77 - Aug 7^th, 2019 at 4:19pm

Bobby. wrote on Aug 7^th, 2019 at 2:39pm:

rhino wrote on Aug 7^th, 2019 at 12:54pm:

Bobby. wrote on Aug 7^th, 2019 at 12:47pm:

greggerypeccary wrote on Aug 7^th, 2019 at 12:44pm:

Bobby. wrote on Aug 7^th, 2019 at 12:38pm:

Greggy,
during the recent Federal election Govt. debt was
a forbidden topic - neither party nor Keating
have the slightest clue what to do.
Every promise they made was to use borrowed money.

You underestimate Mr Keating.

Keating hasn't said a word about
how to fix the debt problem.

Perhaps, but he has a rocket science IQ as regards the economy, the current and previous mob have been dolts in comparison.

The formula is simple - if we try to pay
it back the economy collapses and
prevents us from doing so.
We can only ever go into more
and more debt.
How the hell did we get into this situation?

All the politicians pretend it's not happening
but it's the elephant in the room.

Without borrowing we would have not
enough money to pay social security
and the gigantic army of public servants.

In Victoria 380,000 people got jobs
in the last year and 300,000
are public servants.

We borrow money to create fake jobs.

I agree that more needs to be done about our debt problem, Im not understanding your dismissal of public servants as "fake jobs". Surely the government needs to create employment, employing people directly in the public sector is an ideal way to create jobs. And please don't come out with any nonsense like "all public servants are lazy", most of the ones I know personally are under 6 to 12 month contract renewals and if they don't perform or their face doesn't fit they are out the door.

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Bobby.

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Re: cash limit
Reply #78 - Aug 7^th, 2019 at 4:21pm

rhino wrote on Aug 7^th, 2019 at 4:19pm:

I agree that more needs to be done about our debt problem, Im not understanding your dismissal of public servants as "fake jobs". Surely the government needs to create employment, employing people directly in the public sector is an ideal way to create jobs. And please don't come out with any nonsense like "all public servants are lazy", most of the ones I know personally are under 6 to 12 month contract renewals and if they don't perform or their face doesn't fit they are out the door.

But they are fake jobs paid for with borrowed money.
That's the sort of action that drives us into more debt.

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greggerypeccary

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Re: cash limit
Reply #79 - Aug 7^th, 2019 at 4:24pm

Bobby. wrote on Aug 7^th, 2019 at 4:19pm:

greggerypeccary wrote on Aug 7^th, 2019 at 4:17pm:

Bobby. wrote on Aug 7^th, 2019 at 4:14pm:

greggerypeccary wrote on Aug 7^th, 2019 at 4:08pm:

Bobby. wrote on Aug 7^th, 2019 at 4:06pm:

greggerypeccary wrote on Aug 7^th, 2019 at 3:55pm:

Bobby. wrote on Aug 7^th, 2019 at 12:38pm:

Greggy,
during the recent Federal election Govt. debt was
a forbidden topic - neither party nor Keating
have the slightest clue what to do.
Every promise they made was to use borrowed money.

It's a forbidden topic because it unnecessarily scares the public.

Australia’s government debt as a percentage of GDP is around 41%.

That's less than half the level of most major industrialised economies such as Japan (236%), Britain (86%), Germany (60%), the US (108%), Canada (86%) and France (96%).

I wouldn't lose sleep over it, Bobby.

We should all be losing sleep over it.

Not this little black duck Wink

Greggy,
You're just another sheep like most people.
It's actually a very serious problem and
there is no solution in sight.
The idiots who were running this country should be in jail -
the ones who got us into this financial mess.

Not this little black sheep, then.

Have a whiskey, and chill out.

Would you run your own life so that every year you were more in debt?

And that's the big mistake many people make - assuming that government debt is just like household debt.

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GOP = Guardians Of Paedophiles

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Bam

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Re: cash limit
Reply #80 - Aug 7^th, 2019 at 4:33pm

greggerypeccary wrote on Aug 7^th, 2019 at 3:55pm:

Bobby. wrote on Aug 7^th, 2019 at 12:38pm:

Greggy,
during the recent Federal election Govt. debt was
a forbidden topic - neither party nor Keating
have the slightest clue what to do.
Every promise they made was to use borrowed money.

It's a forbidden topic because it unnecessarily scares the public.

Australia’s government debt as a percentage of GDP is around 41%.

That's less than half the level of most major industrialised economies such as Japan (236%), Britain (86%), Germany (60%), the US (108%), Canada (86%) and France (96%).

I wouldn't lose sleep over it, Bobby Sox.

It doesn't hurt to be taking a look at government debt.

Many countries have paid down their debt in the last five years. Australia has not.

Many countries have kept their debt to GDP ratio steady or reduced it. Australia has not.

A debt to GDP ratio that is stable is sustainable indefinitely. (This is why government debt isn't the same as personal debt.) Australia's ratio isn't stable, it's increased significantly in the last five years. Thus, there may be a problem with government debt in Australia.

That doesn't mean there definitely is a problem, but it is worth looking at.

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You are not entitled to your opinion. You are only entitled to hold opinions that you can defend through sound, reasoned argument.

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AaronCRescue Full Member Offline Posts: 211	Re: cash limit Reply #81 - Aug 7^th, 2019 at 4:48pm Does anybody think that they can just walk into their Bank and ask to draw out 10 grand CASH? Provided that they fill out the forms and have that amount IN the account? Don't make me laugh.
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John Smith Gold Member Offline Australian Politics Posts: 78311 Gender:	Re: cash limit Reply #82 - Aug 7^th, 2019 at 4:49pm AaronCRescue wrote on Aug 7^th, 2019 at 4:48pm: Does anybody think that they can just walk into their Bank and ask to draw out 10 grand CASH? Provided that they fill out the forms and have that amount IN the account? Don't make me laugh. you can, provided you have given the appropriate notice. my bank asks for 24hrs
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AaronCRescue

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Re: cash limit
Reply #83 - Aug 7^th, 2019 at 4:57pm

John Smith wrote on Aug 7^th, 2019 at 4:49pm:

AaronCRescue wrote on Aug 7^th, 2019 at 4:48pm:

Does anybody think that they can just walk into their Bank and ask to draw out 10 grand CASH? Provided that they fill out the forms and have that amount IN the account? Don't make me laugh.

you can, provided you have given the appropriate notice. my bank asks for 24hrs

Exactly. Otherwise you need a gun. Tongue

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rhino

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Re: cash limit
Reply #84 - Aug 7^th, 2019 at 4:58pm

AaronCRescue wrote on Aug 7^th, 2019 at 4:48pm:

Does anybody think that they can just walk into their Bank and ask to draw out 10 grand CASH? Provided that they fill out the forms and have that amount IN the account? Don't make me laugh.

Sure you can, I drew out $25000 from a main branch about 2 months ago and walked up the road and used it to buy foreign currency. I didn't actually fill out any forms, I showed my card, they asked me to sign to authenticate my signature and the money was given to me. Suburban branches may ask for notice but not for $10,000. Hope this information helps you out in your quest for knowledge.

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rhino

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Re: cash limit
Reply #85 - Aug 7^th, 2019 at 5:00pm

Bobby. wrote on Aug 7^th, 2019 at 4:21pm:

rhino wrote on Aug 7^th, 2019 at 4:19pm:

I agree that more needs to be done about our debt problem, Im not understanding your dismissal of public servants as "fake jobs". Surely the government needs to create employment, employing people directly in the public sector is an ideal way to create jobs. And please don't come out with any nonsense like "all public servants are lazy", most of the ones I know personally are under 6 to 12 month contract renewals and if they don't perform or their face doesn't fit they are out the door.

But they are fake jobs paid for with borrowed money.
That's the sort of action that drives us into more debt.

Do people with mortgages live in "fake houses" Bobby? Not creating jobs is not the way to grow the economy, if we got rid of the dual system created for the aboriginal industry we could kill the debt in 5 years.

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AaronCRescue

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Re: cash limit
Reply #86 - Aug 7^th, 2019 at 5:05pm

rhino wrote on Aug 7^th, 2019 at 4:58pm:

AaronCRescue wrote on Aug 7^th, 2019 at 4:48pm:

Does anybody think that they can just walk into their Bank and ask to draw out 10 grand CASH? Provided that they fill out the forms and have that amount IN the account? Don't make me laugh.

Sure you can, I drew out $25000 from a main branch about 2 months ago and walked up the road and used it to buy foreign currency. I didn't actually fill out any forms, I showed my card, they asked me to sign to authenticate my signature and the money was given to me. Suburban branches may ask for notice but not for $10,000. Hope this information helps you out in your quest for knowledge.

The CBA then? Did you show your weapon? Wink

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lee Gold Member Offline Australian Politics Posts: 21376 Gender:	Re: cash limit Reply #87 - Aug 7^th, 2019 at 5:14pm It would of course depend on the sizeof the branch.
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rhino

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Re: cash limit
Reply #88 - Aug 7^th, 2019 at 5:15pm

AaronCRescue wrote on Aug 7^th, 2019 at 5:05pm:

rhino wrote on Aug 7^th, 2019 at 4:58pm:

AaronCRescue wrote on Aug 7^th, 2019 at 4:48pm:

Does anybody think that they can just walk into their Bank and ask to draw out 10 grand CASH? Provided that they fill out the forms and have that amount IN the account? Don't make me laugh.

Sure you can, I drew out $25000 from a main branch about 2 months ago and walked up the road and used it to buy foreign currency. I didn't actually fill out any forms, I showed my card, they asked me to sign to authenticate my signature and the money was given to me. Suburban branches may ask for notice but not for $10,000. Hope this information helps you out in your quest for knowledge.

The CBA then? Did you show your weapon? Wink

Ive drawn out over $10000 a number of times in the last few years and haven't had any questions asked or any fallout. The money has of course been used for legitimate purchases and uses. The government is wrong on this legislation, wont help anyone, it will just make the black market worse.

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AaronCRescue

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Re: cash limit
Reply #89 - Aug 7^th, 2019 at 5:22pm

rhino wrote on Aug 7^th, 2019 at 5:15pm:

AaronCRescue wrote on Aug 7^th, 2019 at 5:05pm:

rhino wrote on Aug 7^th, 2019 at 4:58pm:

AaronCRescue wrote on Aug 7^th, 2019 at 4:48pm:

Does anybody think that they can just walk into their Bank and ask to draw out 10 grand CASH? Provided that they fill out the forms and have that amount IN the account? Don't make me laugh.

Sure you can, I drew out $25000 from a main branch about 2 months ago and walked up the road and used it to buy foreign currency. I didn't actually fill out any forms, I showed my card, they asked me to sign to authenticate my signature and the money was given to me. Suburban branches may ask for notice but not for $10,000. Hope this information helps you out in your quest for knowledge.

The CBA then? Did you show your weapon? Wink

Ive drawn out over $10000 a number of times in the last few years and haven't had any questions asked or any fallout. The money has of course been used for legitimate purchases and uses. The government is wrong on this legislation, wont help anyone, it will just make the black market worse.

WHY would you actually NEED 10 grand in CASH? Could you not get a Bank Cheque? Walking out of a Bank with 10 GRAND in a hold all would give my the willies.

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