Australian Politics Forum

John Smith Gold Member Offline Australian Politics Posts: 78311 Gender:	Re: cash limit Reply #90 - Aug 7^th, 2019 at 5:39pm AaronCRescue wrote on Aug 7^th, 2019 at 5:22pm: Could you not get a Bank Cheque? costs money ...cash is free.
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rhino

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Re: cash limit
Reply #91 - Aug 7^th, 2019 at 6:58pm

AaronCRescue wrote on 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.

bank cheques take 5 days to clear. For non bank currency transactions that doesnt fly. I also buy my vehicles for cash on the private market. I had $25000 in my bag not so long ago, I changed it to euros and $US mainly because I expected the Aussie to drop substantially, which it has.

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Bobby.

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Re: cash limit
Reply #92 - Aug 7^th, 2019 at 7:15pm

Bam wrote on 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.

That's all we'll ever do - just look at it.
My point is that neither party nor people like Keating know what to do.

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Bobby.

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Re: cash limit
Reply #93 - Aug 7^th, 2019 at 7:17pm

rhino wrote on 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.

So we can blame it on the Abbos?
That's a new one.

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chimera Gold Member Offline Australian Politics Posts: 15451 Armidale Gender:	Re: cash limit Reply #94 - Aug 7^th, 2019 at 7:29pm 1oz Royal Australian Mint Kangaroo Minted Coin Gold $ 2,284.20 Ask for 4 oz of coins but don't take to pokies unless they are set for it . Also a bucket for when the payout starts.
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rhino

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Re: cash limit
Reply #95 - Aug 7^th, 2019 at 8:05pm

Bobby. wrote on Aug 7^th, 2019 at 7:17pm:

rhino wrote on 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.

So we can blame it on the Abbos?
That's a new one.

30 Billion a year is spent on 500,000 indigenous people. Most of who are more white than black.

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Bobby.

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Re: cash limit
Reply #96 - Aug 7^th, 2019 at 8:12pm

rhino wrote on Aug 7^th, 2019 at 8:05pm:

Bobby. wrote on Aug 7^th, 2019 at 7:17pm:

rhino wrote on 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.

So we can blame it on the Abbos?
That's a new one.

30 Billion a year is spent on 500,000 indigenous people. Most of who are more white than black.

Really? - do you have a link?

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rhino Gold Member Offline Australian Politics Posts: 17179 Gender:	Re: cash limit Reply #97 - Aug 7^th, 2019 at 8:18pm Aboriginal spending jumps to $33bn a year https://www.theaustralian.com.au/nation/aboriginal-spending-jumps-to-33bn-a-year...
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John Smith Gold Member Offline Australian Politics Posts: 78311 Gender:	Re: cash limit Reply #98 - Aug 7^th, 2019 at 8:23pm rhino wrote on Aug 7^th, 2019 at 8:18pm: Aboriginal spending jumps to $33bn a year https://www.theaustralian.com.au/nation/aboriginal-spending-jumps-to-33bn-a-year... link hits a paywall how much of that money goes to these sorts of causes rhino? https://www.abc.net.au/news/2019-01-29/how-can-nt-spend-federal-remote-indigenou...
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Bobby.

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Re: cash limit
Reply #99 - Aug 7^th, 2019 at 8:25pm

rhino wrote on Aug 7^th, 2019 at 8:18pm:

Aboriginal spending jumps to $33bn a year
https://www.theaustralian.com.au/nation/aboriginal-spending-jumps-to-33bn-a-year...

That is subscriber only content.
It's sort of true.
fact check:

https://theconversation.com/factcheck-qanda-is-30-billion-spent-every-year-on-50...

the fact that only a really small chunk of the overall Indigenous spending is on Indigenous-specific programs. Most is on mainstream programs.

As the article notes, Productivity Commission estimates that only $5.6 billion or 18.6% of the $30 billion Mundine refers to is provided through Indigenous-specific or targeted services. The Productivity Commission does not examine how much of this $5.6 billion actually goes to Indigenous organisations within community or Indigenous peoples themselves – and how much is spent on government businesses.

Warren Mundine’s broader point that current spending is not yielding results needs further attention. The government’s Closing the Gap targets are nowhere near being met, and in some cases, widening, suggesting that these programs are, by and large, failing. Policy logic underpinning spending should be examined. – Elise Klein.

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rhino

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Re: cash limit
Reply #100 - Aug 7^th, 2019 at 8:28pm

John Smith wrote on Aug 7^th, 2019 at 8:23pm:

rhino wrote on Aug 7^th, 2019 at 8:18pm:

Aboriginal spending jumps to $33bn a year
https://www.theaustralian.com.au/nation/aboriginal-spending-jumps-to-33bn-a-year...

link hits a paywall

how much of that money goes to these sorts of causes rhino?

https://www.abc.net.au/news/2019-01-29/how-can-nt-spend-federal-remote-indigenou...

State government, Im talking federal. Unwittingly though you have highlighted a key issue, propping up remote communities with subsidies all out of proportion. Heres the report from 2014 which quotes a figure of $30.4 Billion.
https://www.pc.gov.au/research/ongoing/indigenous-expenditure-report/2014/indige...

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rhino

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Re: cash limit
Reply #101 - Aug 7^th, 2019 at 8:30pm

Bobby. wrote on Aug 7^th, 2019 at 8:25pm:

rhino wrote on Aug 7^th, 2019 at 8:18pm:

Aboriginal spending jumps to $33bn a year
https://www.theaustralian.com.au/nation/aboriginal-spending-jumps-to-33bn-a-year...

That is subscriber only content.
It's sort of true.
fact check:

https://theconversation.com/factcheck-qanda-is-30-billion-spent-every-year-on-50...

the fact that only a really small chunk of the overall Indigenous spending is on Indigenous-specific programs. Most is on mainstream programs.

As the article notes, Productivity Commission estimates that only $5.6 billion or 18.6% of the $30 billion Mundine refers to is provided through Indigenous-specific or targeted services. The Productivity Commission does not examine how much of this $5.6 billion actually goes to Indigenous organisations within community or Indigenous peoples themselves – and how much is spent on government businesses.

Thats double talk which allows them not to include money spent on duplicating services which are already available to the rest of Australians like the Aboriginal legal service.

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Bobby.

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Re: cash limit
Reply #102 - Aug 7^th, 2019 at 8:31pm

rhino wrote on Aug 7^th, 2019 at 8:28pm:

John Smith wrote on Aug 7^th, 2019 at 8:23pm:

rhino wrote on Aug 7^th, 2019 at 8:18pm:

Aboriginal spending jumps to $33bn a year
https://www.theaustralian.com.au/nation/aboriginal-spending-jumps-to-33bn-a-year...

link hits a paywall

how much of that money goes to these sorts of causes rhino?

https://www.abc.net.au/news/2019-01-29/how-can-nt-spend-federal-remote-indigenou...

State government, Im talking federal. Unwittingly though you have highlighted a key issue, propping up remote communities with subsidies all out of proportion. Heres the report from 2014 which quotes a figure of $30.4 Billion.
https://www.pc.gov.au/research/ongoing/indigenous-expenditure-report/2014/indige...

We have to end such waste.
The Pollys won't attack the problem.

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rhino Gold Member Offline Australian Politics Posts: 17179 Gender:	Re: cash limit Reply #103 - Aug 7^th, 2019 at 8:32pm This is why I keep getting called racist, we got pensioners eating dog food because they cant survive on the pension and we are throwing over 30 billion a year away with no positive result.
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John Smith

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Re: cash limit
Reply #104 - Aug 7^th, 2019 at 8:53pm

rhino wrote on Aug 7^th, 2019 at 8:28pm:

John Smith wrote on Aug 7^th, 2019 at 8:23pm:

rhino wrote on Aug 7^th, 2019 at 8:18pm:

Aboriginal spending jumps to $33bn a year
https://www.theaustralian.com.au/nation/aboriginal-spending-jumps-to-33bn-a-year...

link hits a paywall

how much of that money goes to these sorts of causes rhino?

https://www.abc.net.au/news/2019-01-29/how-can-nt-spend-federal-remote-indigenou...

State government, Im talking federal. Unwittingly though you have highlighted a key issue, propping up remote communities with subsidies all out of proportion. Heres the report from 2014 which quotes a figure of $30.4 Billion.
https://www.pc.gov.au/research/ongoing/indigenous-expenditure-report/2014/indige...

it's money the federal govt gives for aboriginal spending, that the states then spend on other things

a large portion of the money spent on 'aboriginal services' is pilfered off to white man long before the aborigines see any of it.

govts should support all communities, aboriginal or otherwise, remote or otherwise, No matter how much you might not like it.

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Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

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