Category Archives: Cashless Society
Look at what happens when cash is replaced by digital currency, being developed by the Reserve Bank right now
Senator Malcolm Roberts strenuously warns against LNP/ALP’s coming ID legislation – a licence to live
More signatures are needed for this petition to Treasurer Josh Frydenberg to stop the removal of cash
(legal tender) as planned by the Liberal Party. Scott Morrison is known as a ‘bankers man’ and he is spearheading the move to a cashless society. The the LNP/ALP duopoly in concert with the banks and the United Nations will be able to control your every move.
Get your friends to sign it and tell them what will happen if the duopoly gets this through parliament.
Totally compromised banker’s man PM Scott Morrison, rushes in a ban on cash that has nothing whatsoever to do with alleged Covid 19 infected banknotes or tax evasion. The ABC and MSM are supporting the NWO takeover with their fake news
Federal Member for Kennedy, Bob Katter, has expressed his disgust on the back of the announcement that some inner-city supermarkets will no longer be accepting cash.
“A proposal by one of the supermarket chains to go cashless?” Mr Katter said in disbelief when first confronted with the news.
“Once cash vanishes then you become the puppet of the banks,” said Mr Katter.
“A cashless society means the only way you can buy anything is if the bank approves it and four banks encompass 90% of Australia’s transactions.”
“If we Australians are stupid enough to trust 4 giant corporations and their puppets, the Federal Government, then we are really stupid people.”
“Australian currency is owned by the people, not the banks.”
Mr Katter’s tirade follows a major supermarket informing the public that, from yesterday, they would no longer be accepting cash payments at six more inner city stores in Melbourne and Sydney. This is on top of the six stores that began the trial in July this year.
“The concentration of power here is really scary,” Mr Katter added.
“The giant supermarket chains have destroyed owner operator businesses across Australia.”
“This is the first step onto a slippery slope, and it will be absolutely disastrous, at a time when people are trying to desperately to get their money out of the banks and financial institutions.”
“I will lead the first demonstration in the first store that they attempt to do it!”
Cairnsnews advises voters in the upcoming Queensland election on October 31 to vote for a KAP candidate or you will go down with the Admiralty law ship. If valid, corporation law would prosecute Queensland Inc for trading while insolvent. The state is hopelessly bankrupt yet the knucklehead Premier and the equally silly Opposition Leader, bereft of any intelligence have taken election pork-barreling to such lofty heights the Reserve Bank will have to print money non-stop for the next two years.
Coronavirus statistics are flawed worldwide. The economy must not be forsaken on this World Health Organisation contrived lock down of the world population. Australia will never recover from the loss of more than a million jobs.
Coronavirus or Covid 19 is no more dangerous than the common flu.
from CEC, Melbourne
After ramming his $10,000 cash ban law through the House of Representatives last week, Scott Morrison is now trying to pretend he has responded to concerns about his cash ban, by releasing a set of “rules” that exempt many activities from the ban.
(This legislation is yet to clear the senate.Ed)
Shane Wright reported in the 28 October Sydney Morning Herald: “The Morrison government has sought to head off internal and crossbench anger over plans to forbid cash payments of $10,000 or more, outlining a string of exclusions it says will protect those who still want to use notes and cents.
“Rules governing new laws around large cash payments make it clear they will exclude gifts, private transactions such as used car sales and situations where people have no other way to pay but via cash.”
It is not true that Morrison is softening the law with these rules. They were always planned to be attached to the law, as a ploy to make the ban initially more acceptable.
The problem is that all the rules providing exemptions to the cash ban are in a separate legislative instrument, and not in the bill itself. This means that the Minister can change the rules at any time, without a vote in Parliament. While the Parliament can disallow the Minister’s changes, it has a strict time limit on doing so, which limits the ability of the public to have a say in the changes and gives the Minister the advantage in making changes.
In other words, the rules are not real protections at all, but exemptions that can be temporary, and easily removed to make the ban more draconian.
The bill itself, which does require a parliamentary vote to change, is an absolute ban on all transactions over $10,000.
Even the ‘myths’ are lies
Demonstrating how disingenuous the government is being over this law, Treasury has issued a “Fact Sheet—addressing the myths about the cash payment limit”.
The so-called “myths” listed in the fact sheet have nothing to do with the main objections to the law.
The Government’s “myths” are:
- Cash cannot be used for everyday transactions.
- Family members cannot give cash gifts.
- Private individuals cannot buy or sell second-hand goods using cash.
- People are required to store money in the bank.
- People are no longer able to deposit or withdraw cash from their bank account.
- The Government can amend the Bill for the cash limit without scrutiny by the Senate.
In denying all these claims, the government fails to mention that they are only false because they are exempted under the rules, which can be changed at any time. They are not exempted in the legislation, which requires a Parliamentary vote to change. As independent researcher Melissa Harrison from exposingtheblackeconomyreport.com asked: “Why is the government not being upfront about this?”
The government’s fact sheet doesn’t address the main objections to the law, because the government cannot answer them. They prove the government’s excuses for this law to be false.
The government claims the cash ban is necessary to eliminate the black economy and reduce tax evasion.
In truth, as proven by studies of the global black economy by Leandro Medina and Friedrich Schneider published by the IMF, Australia doesn’t have a serious black economy problem; the black economy we do have is already shrinking without any cash ban, having halved since 1991; and comparable countries with cash restrictions have much bigger black economies.
As for tax evasion, it is false to blame tax evasion on individuals using cash. Real tax evasion is perpetrated on a massive scale by multinational corporations and banks, and ultra-rich individuals, using the Big Four global accounting firms and the global network of offshore tax havens. This is how Netflix can pay less than $500,000 tax in Australia, on revenue of almost a billion dollars. It is especially outrageous that this cash ban was recommended by a former global boss of one of the Big Four accounting firms, KPMG, which is up to its ears in real tax evasion, and that KPMG is already lobbying to reduce the limit from $10,000 to $2,000.
It is now proven that the real reason for the cash ban, which the government doesn’t want to acknowledge, is not a “conspiracy theory”, but is a recommendation from the IMF which can be read in black and white: cash must be restricted to make negative interest rates work. Countries all over the world are either at negative interest rates or close to, and the IMF has recommended cash restrictions to trap people in banks so they are forced to pay the banks to look after their money.
Another reason to trap people in banks is so they cannot escape “bail-in”, which is when deposits are seized to prop up failing banks.
Independent MP Andrew Wilkie cited this evidence, including the need to ban cash to make negative interest rates work, in his speech in Parliament on 24 October opposing the cash ban. He also proved that the government is not interested in really eliminating money laundering, as it has ignored Wilkie’s evidence of money laundering at Crown Casino. Most importantly, Wilkie made the point that the government has all the laws it needs to crack down on the real black economy, it just doesn’t enforce them.
The government is trying to dodge the issue because of the huge backlash it has received against this law, which has sparked a mutiny even within its own Liberal Party ranks. We must keep the heat on!
What you can do:
KAP Leader and Federal Member for Kennedy Bob Katter has slammed a Federal Government Bill which will control how much cash people are allowed to spend as being a danger to the Australian freedoms; a danger which he thinks is greater than the danger to our lives through a terrorism event being carried out in Australia; which the bill sells as being able to reduce.
The Federal Government snuck through and tabled The Currency (Restrictions on the Use of Cash) Bill 2019 on Friday afternoon of the last parliamentary sitting while the House had risen and all Members and their staff were returning home.
The bill carries a punishment of significant fines and jail time of up to two years if a person is caught spending or accepting a cash payment over $10,000. If passed, the bill will come into effect from 1 January 2020.
“The danger here to our freedom is greater than the danger to our lives through terrorism,’’ Mr Katter said.
“Clearly there are a thousand reasons why people like to hide a little bit of wealth; and have access to cash.”
Mr Katter quoted George Orwell in his dystopian novel ‘1984’ saying “Big Brother is watching” and that a person’s right to privacy with some of their wealth is one of the most important rights that Australians have.
“I’m told that for every 10 people in China there is one camera watching. Now whether that’s accurate or not, in most police cases that have caught my interest, I notice that the first thing they go to is the security cameras and people have no idea to what degree they are being watched on a daily basis.”
The Federal Government’s key selling point of the bill is better control of the ‘black economy’; arguing that it will reduce money laundering and the purchasing of weapons on the black market, but Mr Katter warned that an increase in going digital will result in an increase in cyber-hacking and that the bill’s passing will open the flood gates on further restriction of freedoms.
“The Government promotes the bill as a measure to combat funded international and homegrown terrorism yet with the ever-rising digital theft and threat of international cyber hacking I wouldn’t be trusting my bank account or the authorities to protect it, nor should they be controlling it.
“The Government will argue that this is the one and only initiative that they will implement to eliminate the black economy however, once the bill is introduced and passed, they will have the flexibility to dictate many more amendments to the law. It will give the police the power to control your cash over $10,000.
“Once the legislation is in place, they have opened the doors to regulate and change as they see fit.
“The assumption that our cash transactions are due to unsavoury activity allows for the prosecution of the potentially innocent, it has always been innocent until proven guilty?
“I’m sure the Government and policing authorities’ intentions are good but the only people allowed to have guns in our society are the people in uniforms.
“So we have lost the right to protect ourselves and now our right to privacy has been taken away with this bill. Are the Government and authorities going to act responsibly? Yes, most of the time. All the time? No.
“All I see here is the undermining of the great principles of Magna Carta in the rule of law. Through insidious increments, ‘The means that is argued justifies the end’.”
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”.
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&feature=youtu.be&fbclid=IwAR2vEHSudRzJHl7ppoGhm5I8Y3zwR2eqjkD3u5vYyqe13ZyDPkYVzfGMGMg
from CEC, Coburg
Sensational information has surfaced that an Australian Treasury delegation travelled to Europe in February for discreet meetings with European countries on how they handled their banking crises.
Former Coalition economics advisor John Adams made the revelation in a 31 March discussion with Martin North posted on their Interests Of The People YouTube channel, entitled “Scandal – Australian Officials Caught In Covert Banking Meetings”.
Adams attributed the information to an unnamed source, who spoke with both him and Martin North.
This information emerged following news.com.au on 19 March reporting Adams and North for their explosive analysis that Australia’s plunging property market could trigger a banking crisis that could spread overseas, “Australia could be ‘first domino to fall’ in next GFC”, in which they compared Australia’s housing market and banking system to that of Ireland before its crash in 2008. Adams followed this up with a top-rating appearance on Peter Switzer’s Money Talks program on 25 March to debate establishment economist Chris Joye on “Is Australia facing a house price collapse?”, in which he also made the comparison to the banking crises in Europe.
The Citizens Electoral Council can attest that Treasury has consistently denied the likelihood of an Australian banking crisis, despite the growing number of signs. Treasury’s claim that a banking crisis is “unlikely” is one of its excuses for opposing the need for a Glass-Steagall separation of banks.
So why would a Treasury delegation be holding covert meetings in Europe to consult on how to handle precisely such a crisis?
Don’t tell the passengers the Titanic is sinking!
As noted on the latest episode of the CEC Report, the Australian government has a policy of not telling the truth about the economy. Their logic is they don’t want to “spook” the market, or “talk down the economy”. John Adams has reported that government MPs have asked him not to speak out about the economy.
More to the point, according to Adams, one MP admitted they are anticipating a crisis, but hope it would be triggered by an international financial shock, so the government can have plausible deniability and not have to admit that their domestic economic policies, centred on inflating the biggest housing and debt bubble in Australian history, caused the crash.
This amounts to: “If we don’t tell the passengers that the Titanic is sinking, maybe they won’t blame us.” The regulators are even worse. Their attitude is: “If we don’t find out whether the Titanic is sinking, maybe it will stay afloat”! This is evident in Reserve Bank of Australia (RBA) deputy governor Guy Debelle’s statement in December 2018 that when it comes to assessing Australia’s record debt, “there is little to form a strong conclusion about how much is too much”. It is also evident in the recent revelation by analysts at Deutsche Bank that the Australian Prudential Regulation Authority (APRA), the bank watchdog, has understated mortgage debt by as much as 40 per cent! This is not incompetence from APRA, but a result of its see-no-evil, speak-no-evil approach to regulation, even to the point of ignoring systemic threats. APRA in 2007 suppressed an internal report by its research department that warned lowered mortgage lending standards by banks had created a bubble, in which defaults were rising and were on track to cause a banking crisis and recession. In 2010 APRA went one step further and disbanded its research department.
Two possible explanations for the Treasury meetings in Europe are: 1) a genuine desire to learn from their experience so they can spot a crisis coming and take action to avert it—unlikely; 2) an opportunity to assess the “bail-in” system that is in force across all EU member states, the Bank Recovery and Resolution Directive (BRRD), which authorises financial authorities to contain a future financial crisis by seizing savings deposits to prop up failing banks, so they don’t set off a chain-reaction collapse.
The Parliamentary Joint Committee on Intelligence and Security (PJCIS) has commenced a review of the Identity-matching Services Bill 2018 and the Australian Passports Amendment (Identity-matching Services) Bill 2018.The Identity-matching Services Bill 2018 will facilitate the exchange of identity-information between the Commonwealth and State and Territory Governments as agreed by COAG under the Intergovernmental Agreement on Identity Matching Services of October 2017. The Bill will authorise the Department of Home Affairs to collect, use and disclose identification information in order to operate the systems that will support a set of new biometric face-matching services
The Australian Passports Amendment (Identity-matching Services) Bill 2018 will amend the Australian Passports Act 2005 to make Australian travel document data available for the purposes of identity-matching services.The PJCIS Chair, Mr Andrew Hastie MP, said that “It is vital that a nationally-consistent approach to data-sharing is put in place so that law enforcement and national security agencies can use facial images to identify individuals in circumstances where they or others may be under threat”.The Committee intends to report by mid-May 2018.
Chair, Mr Andrew Hastie MP (Canning, WA) on 08 9534 8044 (Electorate office) or (02) 6277 4223 (Parliament House)
Further information about the inquiry can be accessed via the Committee’s website
The Committee invites written submissions to the inquiry to be received no later than 21 March 2018. Information on how to make a submission is available on the Committee’s website.
Both Bills will support the Commonwealth to meet its obligations under the intergovernmental agreement to deliver fast, secure identity-matching services and improve Australia’s national security, law enforcement, community safety and road safety capabilities.
Editor: It should be noted the Coalition of Australian Governments(state corporations) is not recognised by the Commonwealth Constitution of Australia. COAG’s validity is in doubt. So are its policy agreements between state Premiers whose lawful position is CEO of each corporate state.
This huge social experiment fits in with all other earlier technological surveillance leaps taken by Australian corporate government. This time around the United States will follow our lead to enable the financial oligarchy to complete the enslavement of the people, better known as the sheeple.
This massive information exchange has nothing to do with national security. It is all about people control and eugenics.
LNP VOTE WITH LABOR TO KILL RURAL DEBT REFORM
State Member for Mount Isa Robbie Katter has slammed the LNP for supporting Labor to vote against a real solution to address rural debt.
In a parliamentary session that went into the early hours of Wednesday morning the KAP’s Rural and Regional Adjustment (Development Assistance) Amendment Bill was denied a vote in the House through the blocking of a motion put forward by Robbie Katter.
“The motion was put forward to enable the Parliament to adequately consider and vote on a solution that would’ve seen a new lending mechanism established to address the shortcomings in QRAA’s current activities”
“Each member of the crossbench voted to allow the motion to be heard but it was the major parties who didn’t allow it. It’s unbelievable that they would so blatantly work together to stifle a minor party Bill.”
“With so much public disappointment in partisan politics it’s ironic that the only thing the major parties can agree on is limiting consideration of minor party Bills”
Mr Katter highlighted the amount of consultation and analysis that went into the KAP’s Bill and expressed his disappointment at the behaviour of the major parties.
“The LNP not only supported Labor’s Bill over the KAP alternative, they actively worked to restrict debate and consideration of the KAP Bill”
“The LNP and Government used every excuse in the book to avoid undertaking a difficult reform. They even used banking regulations as an excuse. Do they forget where here to change laws and regulations? If I told my constituents that I wasn’t prepared to undertake legislative reform because of a regulation I wouldn’t deserve to represent them”
“For me, the genesis of this Bill was during the term of the Newman Government, which shows that this has taken years of stakeholder discussions, industry forums, community and local leader’s input,” Mr Katter said.
“Through the Rural Debt and Drought Taskforce that I chaired in this parliament it was clear that the debt problem is massive and that a significant response from the Government was required to address it”
“However what the Parliament has achieved is an ambulance at the bottom of the cliff. A farm debt mediation mechanism doesn’t solve the debt problem it just ensures that when the problem has finally caught up with a producer they can shut their business efficiently”
KAP’s legislation was designed to address not only the cattle industry, but also the viability of our rural towns.
“We need ways of stimulating the economies of the rural towns that rely on agriculture. Rather than using blunt funding programs to create short term employment, why not invest in reconstructing the core industry so longer term organic growth can be delivered”
Mr Katter expressed disappointment at the Government and Opposition’s “hands-off” approach to supporting a key Queensland industry.
“In 2015, I thought the Palaszczuk Government was serious about identifying solutions to address rural debt issues with the formation of a Rural Debt and Drought Taskforce. I was wrong. Just like the Opposition they prefer to leave it to the “market”. This approach has delivered a declining sugar industry, a decimated dairy industry and some of the most expensive gas and electricity in the world.”
“Government’s “intervene” in markets all the time. Between the Clean Energy Finance Corporation and the Australian Renewable Energy Agency there’s about $5 billion worth of low interest loans to help stimulate the industry. However when it comes to supporting agriculture, and particularly family enterprises, the Government doesn’t want to touch it”.
“The rural community right throughout the State should be angry that a significant proposal to benefit people doing it tough and earning a living in regional Queensland would be stymied and watered down by both major parties.”