$10K cash payment limit in Australia

Taxation is theft.

But, when they find a way around this, they’ll lower it to 5k, then 1k, then they will force electronic transfer for all transaction.
Democrats have been floating the idea of banning all bills larger than $10 to make doing business in cash (they say to attack crime) eventually impossible. Once they can eliminate cash they can control everyone by simply "accidentally" shutting off access to ones accounts, just like China is doing.
It is worth noting that China pushes going cashless as a convenience. But that doesn't work for foreign businessmen or tourists because one must have a Chinese bank account to doing anything in their cashless system, mostly via WeChat.
 
Democrats have been floating the idea of banning all bills larger than $10 to make doing business in cash (they say to attack crime) eventually impossible.
You know the stupid R’s about go off in their Jockies at this idea too. There hasn’t been an element of the surveillance state that they ever opposed.

It’s just one more way to eliminate privacy and another line in the sand where the people need to either grow or strap on a pair of brass ones and say NO!
 
One issue here will be cryptocurrency. It is way to volatile now, but once it settles down it could be used to replace a bunch of cash transactions. There are security issues around transaction history, but I think those could be fixed.
 
Maybe someone can open a store where it is all barter. So you can go in and trade your excess 22lr for a couple steaks, or you can trade your extra 3 beers from that 12 pack for 3 rounds of .308. :p
 
One issue here will be cryptocurrency. It is way to volatile now, but once it settles down it could be used to replace a bunch of cash transactions. There are security issues around transaction history, but I think those could be fixed.
I've started to suspect that crypto currencies are signaling a demand from the public for a private means of exchange, including one that works online, that isn't under the purview of a nation state.
 
I've started to suspect that crypto currencies are signaling a demand from the public for a private means of exchange, including one that works online, that isn't under the purview of a nation state.

Or they are all secretly started by NSA and big gov types to slowly create a new world currency. :eek:
 
DoD creates internet, internet commerce destroys retail, crypto becomes the defacto mark of the beast (although I still think that is the Apple symbol ala Apple pay)
Or they are all secretly started by NSA and big gov types to slowly create a new world currency. :eek:
 
I think to work the winning crypto would need to be not a bank but a highly trusted entity that is not a nation state.
 
Democrats have been floating the idea of banning all bills larger than $10 to make doing business in cash (they say to attack crime) eventually impossible. Once they can eliminate cash they can control everyone by simply "accidentally" shutting off access to ones accounts, just like China is doing.
It is worth noting that China pushes going cashless as a convenience. But that doesn't work for foreign businessmen or tourists because one must have a Chinese bank account to doing anything in their cashless system, mostly via WeChat.

Oh I have no doubt. The wife looked at me crazy when I told her we needed to keep the majority or our meager savings out of the bank.

But then when the banks wasn’t open and we had our card numbers stolen it finally clicked
 
Last night when I went to the gym in China to sign up for the month the woman asked of I was going to pay with WeChat or credit card. She seemed shocked and didn't know what to do when I pulled out 600RMB ($100) cash. [side note, my YMCA family membership is only $88]
China is seriously pushing the Chinese to abandon cash as much as possible. They'll never get rid of it because their system requires having a bank account in China. And many business travelers get cash per diem like I do.
 
Last night when I went to the gym in China to sign up for the month the woman asked of I was going to pay with WeChat or credit card. She seemed shocked and didn't know what to do when I pulled out 600RMB ($100) cash. [side note, my YMCA family membership is only $88]
China is seriously pushing the Chinese to abandon cash as much as possible. They'll never get rid of it because their system requires having a bank account in China. And many business travelers get cash per diem like I do.

So it’s just like McDonalds here?
 
more on Sweden:
quotes:
here’s a dead-end job: Swedish bank robber. In 2016, there were only two bank heists in all of Sweden, compared with 110 eight years earlier. Why the steep plunge? The country’s bent on going cashless.
Crimes against people—assault, robbery, fraud—are on the rise. The Swedish National Council for Crime Prevention found that in 2016, 15.6 percent of the country’s citizens fell prey
to at least one such offense—the highest rate since the council launched its annual crime survey, 10 years before.
link:
https://www.theatlantic.com/magazine/archive/2018/06/stealing-owls/559136/
 
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