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187

Cashless society is when you really see how evil the Deep State Global Cabal is. Good luck Australia. Hows that social credit score working out? Haven't heard of it yet? Too bad.

Australia is rapidly abandoning physical currency and predicted to become a “cashless society” within a few years, according to experts.

Since 2019, banks have removed 3,800 ATMs across the country, representing over one-third of Australia’s cash machines, news.com.au reported. The top four Australian banks, meanwhile, have permanently shuttered 459 branches.

CBA, Australia’s largest bank, now has just 875 branches, compared with 1,200 before COVID-19. At the same time, the bank has cut ATMs by more than half, down to 2,000.

In New South Wales, over 200 suburbs have no way to obtain cash in their area, according to news.com.au, and 300 lack a bank store.

Digital transactions already predominate in Australia, where fewer than 25 percent of transactions involve physical money and 80 percent of residents prefer virtual banking.

The shift to digital, experts said, will leave the country effectively cashless by 2031 or earlier.

Professor Robert Breunig of Australia National University told news.com.au last fall that COVID-19 sped up the move to online banking, which will help authorities monitor and tax payments more easily. “People often avoid tax by doing cash type jobs and if there is no cash under the table, then it’ll be easier to actually follow transactions,” Breunig said.

In a survey of experts conducted by Finder last year, 89 percent said they believed that COVID has hastened the demise of cash. Fifty-six percent said that physical currency would likely disappear in Australia within 10 years, though that could as early as 2024, according to some estimates.

“Cash has already been pushed to the edges of our economy, and cash-only businesses are few and far between. Expect them to get even rarer,” said Graham Cooke, head of consumer research for Finder. “Finder predicted a cashless society in Australia by 2036 a few years back and now even that timeline may be too far away.”

The push for readily traceable digital payments has long been backed by the liberal global elite.

Bill Gates has hailed the development of virtual currencies, saying at a recent cryptocurrency forum that they “can lower the cost of a range of transactions by as much as 90 percent, providing nearly universal access to innovative financial products and services.”

In Klaus Schwab’s book, COVID-19: The Great Reset, the head of the World Economic Forum contemplated the rise of a worldwide digital currency. Communist China, Schwab observed, “is years ahead of the rest of the world in developing a digital currency combined with powerful electronic payment platforms.”

And in an article last year, the International Monetary Fund (IMF) proposed a system of social credit scoring like China’s that would determine credit eligibility based on internet search history.

The U.S. Federal Reserve announced in January that it will open debate about whether the U.S. should adopt a central bank digital currency, mirroring similar efforts in the U.K. and E.U.

>Cashless society is when you really see how evil the Deep State Global Cabal is. Good luck Australia. Hows that social credit score working out? Haven't heard of it yet? Too bad. Australia is rapidly abandoning physical currency and predicted to become a “cashless society” within a few years, according to experts. Since 2019, banks have removed 3,800 ATMs across the country, representing over one-third of Australia’s cash machines, news.com.au reported. The top four Australian banks, meanwhile, have permanently shuttered 459 branches. CBA, Australia’s largest bank, now has just 875 branches, compared with 1,200 before COVID-19. At the same time, the bank has cut ATMs by more than half, down to 2,000. In New South Wales, over 200 suburbs have no way to obtain cash in their area, according to news.com.au, and 300 lack a bank store. Digital transactions already predominate in Australia, where fewer than 25 percent of transactions involve physical money and 80 percent of residents prefer virtual banking. The shift to digital, experts said, will leave the country effectively cashless by 2031 or earlier. Professor Robert Breunig of Australia National University told news.com.au last fall that COVID-19 sped up the move to online banking, which will help authorities monitor and tax payments more easily. “People often avoid tax by doing cash type jobs and if there is no cash under the table, then it’ll be easier to actually follow transactions,” Breunig said. In a survey of experts conducted by Finder last year, 89 percent said they believed that COVID has hastened the demise of cash. Fifty-six percent said that physical currency would likely disappear in Australia within 10 years, though that could as early as 2024, according to some estimates. “Cash has already been pushed to the edges of our economy, and cash-only businesses are few and far between. Expect them to get even rarer,” said Graham Cooke, head of consumer research for Finder. “Finder predicted a cashless society in Australia by 2036 a few years back and now even that timeline may be too far away.” The push for readily traceable digital payments has long been backed by the liberal global elite. Bill Gates has hailed the development of virtual currencies, saying at a recent cryptocurrency forum that they “can lower the cost of a range of transactions by as much as 90 percent, providing nearly universal access to innovative financial products and services.” In Klaus Schwab’s book, COVID-19: The Great Reset, the head of the World Economic Forum contemplated the rise of a worldwide digital currency. Communist China, Schwab observed, “is years ahead of the rest of the world in developing a digital currency combined with powerful electronic payment platforms.” And in an article last year, the International Monetary Fund (IMF) proposed a system of social credit scoring like China’s that would determine credit eligibility based on internet search history. The U.S. Federal Reserve announced in January that it will open debate about whether the U.S. should adopt a central bank digital currency, mirroring similar efforts in the U.K. and E.U.

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[–] 2 pts

Cashless society is bullshit.

For starters, the hackers will live for free.

Meanwhile, just like in prisons, people will resort to using something else for cash.

It always happens.

You know, they took over TV convinced they could use it to control people and change the way people are. Instead, people just stopped watching TV.

There's a certain percentage of the population that likes to control people, and a certain percentage that likes to be controlled. However, there is also another segment of the population that cannot be controlled no matter how hard you try.

The smart Soviets learned this lesson the hard way, and finally learned to let go. The dumb Soviets moved to the West after the Union fell, and have been hell bent to rebuild the Union over here ever since. They have learned nothing at all.

[–] 0 pt

Meanwhile, just like in prisons, people will resort to using something else for cash.

Then barter will be banned. Those in prison are already criminals and are already in prison, whereas the masses have something to lose.

[–] 0 pt

In case you haven't noticed, they have switched tactics.

Instead of putting everybody in prison, they are simply building the prison all around you.

As far banning barter - they banned drugs and how well did that go?

Seems to me there is more now than ever before.

[–] 0 pt

As far banning barter - they banned drugs and how well did that go?

Pretty well, only criminals can get their hands on drugs.