Armaguard is owned by transport magnate Lindsay Fox. His business interests extend not just to trucking but airports also. The Prime Minister attended Lindsay Fox’s lavish birthday party last year – a direct relationship there. Armaguard thinks it can use its connections with the Prime Minister to put its hand out for taxpayers money when there are other options available.

Banks are crying poor over the cost of their ATMs, but with profits at $31 billion last year, the banks could simply pay Armaguard more for their services. They could also stop blocking out smaller competitors like Commander Security, a small Australian cash handling company that wants to move cash for clients. Yet the banks refuse to accept their cash deposits. Why are banks forcing out profitable competitors? It appears so they can cry poor and put their hand out to the taxpayers.

The excuse that nobody uses cash anymore is a self-fulfilling prophesy. Banks are forcing people to use online transactions by closing bank branches – 2000 in the last 6 years, and by pulling out ATMs – 700 in the last 12 months. Banks charge fees on electronic transactions. They make nothing if you pay in cash and as they don’t know what you purchased, they can’t use that information to build your data profile.

The Optus outage last year demonstrated just how easy electronic commerce is to disrupt. Even before that outage drove people back to cash, usage had actually stabilised in Australia at $30 million cash withdrawals a month, with more than $100 billion of cash in circulation. Rumours of its demise are wishful thinking from our greedy, self-interested banks.

Banking is an essential service. If the banks are not going to fulfil their obligations and readily provide people with cash, then we need a people’s bank to do it.

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By cairnsnews

From the land of Australians

15 thought on “Banks scheming to remove cash by closing branches – Bankwest”
  1. So why didn’t you post the address of the petition, for your readers to sign?

  2. The real alternative is to force the grovelling politicians to withdraw the licence
    to operate a bank from these rogue operators who are deliberately breaking the law. In reality the Constitution of the Commonwealth of Australia does not allow for any card transactions until the people change the law by referendum. At this stage we should be using only cash in the form of coin. There has never been a referendum to make a change to take into account new technology, why not?

    A full banking licence issued to Australia Post is the only other option to bring the greedy banks into line and out of business. In other words their greed is shooting them in the foot. There is a petition circulating for a banking licence to be issued to Australia Post around Australia and people are signing in droves. Australia Post has the facilities in place to take off immediately they gain a licence.

  3. Try finding a new version of the avocado. Plenty of old ones but the new ones are far and few between. Tells me that they have probably printed a quarter of what they say and will be trying to phase out the avocado as quick as possible.
    I am waiting for the Modi moment where the old avocados will have an expiry date on them and you will have to go to the bunts to exchange them into your account.

  4. Try the Bendigo community bank. They are better than the ANZ and Commonwealth banks.

  5. Pat from Vic

    Sorry, folks, petitions are nice, and writing to your “local member” might give them the shits, and “voting” feels kind of assertive, but NONE of that is going to cut it. The best we might do by DISAGREEING with them is maybe SLOWING DOWN their INCREMENTAL construction of the PRISON WALLS around us, but it won’t STOP them or REVERSE our trajectory toward their Great Reset.

    Perfectly stated and 100% RIGHT Pat but I’m sure you’re also aware that it’s next to useless advice in this echo chamber – Cairns News; or published in any similar forums which the ‘normies’ don’t even know exist, let alone would want to read, even if they did… ‘Preaching to the choir’.

    We need to figure out a way (but maybe impossible), for your vital message to be etched into the tiny programed minds of the dumbed-down, gleefully obedient and lockstep marching morons out there and indoctrinate them to believe ONLY what you’ve said.
    Wouldn’t need any petitions or useless letters to the treasonous, lying governments then: They’d all be too busy running for their lives with hordes of fully awake & very angry noose and pitchfork wielding citizen lynch mobs, in hot pursuit behind them, looking for some lamp posts to string them up from.

  6. It won’t be the end of cash..something or someone will move in to take the banks’ place, and the banks will be the losers.It always happens.

  7. This might seem like a topical issue based around the GREED of corporations and our fake “government” (also a corporation, just BTW), but it’s much worse than that. It’s “greed” alright, folks, but it’s coming from MUCH higher echelons than the brain-dead sycophants

    This is BIG PICTURE stuff, folks, this is LOCKSTEP around the world, orchestrated by you know who (no, not the WHO, but the WEF).

    Editor, cairnsnews said – “Banking is an essential service. If the banks are not going to fulfil their obligations and readily provide people with cash, then we need a people’s bank to do it.”

    … but where is that “People’s Bank” going to come from? Our fake foreign-owned CORPORATE “government” with it’s fake CORPORATE “laws” is NOT going to give us that. Why would they torpedo their OWN strategic plans to DENUDE us all of our cash and railroad us into their CBDC and Trusted Digital Identity and Social Credit Score and 15 Minute Cities and slavery and starvation and ultimate EXTERMINATION?

    Just BTW, folks, I hate to be a sad sack, but word on the street is that plans are ALREADY afoot to DISSOLVE that perennial Australian backstop and historic institution, Australia Post, and REPLACE it with something more to the Globalists’ liking.

    Something that REQUIRES DIGITAL ID for every transaction, something that DOESN’T ACCEPT or cash or provide ANY banking services like cash deposits and withdrawals. Something that SCANS EVERYONE who enters or leaves their premises, just like the supermarkets and other retail establishments (and most ANY establishment ANYWHERE in Australia when they’re done WEFFING us).

    Step back and see the BIG PICTURE, folks. This all CO-ORDINATED and ORCHESTRATED from on high, from the lofty heights of the WEF Throne. This is LOCKSTEP across the WHOLE PLANET. They’ve planned it all out METICULOUSLY, we’re being HERDED like SHEEP, and any potential escape routes like Australia Post will be closed off soon enough.

    Sorry, folks, petitions are nice, and writing to your “local member” might give them the shits, and “voting” feels kind of assertive, but NONE of that is going to cut it. The best we might do by DISAGREEING with them is maybe SLOWING DOWN their INCREMENTAL construction of the PRISON WALLS around us, but it won’t STOP them or REVERSE our trajectory toward their Great Reset.

    These bastards HAVE THEIR ORDERS and they’re DOING EXACTLY what they’ve been INSTRUCTED TO DO by their genocidal Globalist MASTERS, whether we like it or NOT. You can SEE it being rolled out ALL AROUND US, Useless Eaters be damned! They will KEEP DOING what their mass-murdering Masters ORDER them to do so long as we continue to PASSIVELY ALLOW THEM TO DO IT.

    Time to GET INVOLVED and do something to STOP this rolling BS. Commo John’s approach seems to me to be the only proposal that goes anywhere NEAR a potential solution. If THAT works to get our country back – and it won’t be easy – then Hooray for everyone! If not – if the WAR against us by these low-life mongrel bastards keeps right on going – then at least EVERYONE will know EXACTLY where we all stand and EXACTLY what’s going down.

  8. It’s not just the banks who want central bank data currency i.e. credit cards. After all, almost every transaction generates a profit. Governments of all persuasions also want a cashless society in order to better control the masses. This was clearly demonstrated when the Trudeau government froze the accounts of Canadian truck drivers rendering them unable to buy food, pay rent/mortgages etc simply because they opposed and protested against government Covid mandates.

  9. I am worried that travelers refueling in remote locations fill their tanks up and find that the EPTOS is down because of another Telstra computer glitch so it’d either they wait there until the system is fixed which could take days for a tech to change a fuse or pay in cash money , but no they can’t do that because cash no longer exists so what do they do , especially if they are a roadtrain carting life stock ?

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