Looks like stashing a few bucks away just in case the digital money suddenly crashes will lead to people being awful suspicious of you when the time comes to spend it. Nothing like being cautious backfiring badly, eh?

www.abc.net.au/news/2016-02-19/australia-100-notes-used-for-tax-evasion-crime-expert-says/7181054

Post on Facebook from one of the people I know who work with the Labour party here, accused the Baby Boomers of causing the financial problems of my generations (eg the original "poor students") because they were hording their money in investments to provide for their retirement, rather than spending it all now and improving the current economy.

People are stupid.

When I was a kid, the fun thing to do was to shrink a twisties packet by placing it in a moderate oven. It would shrink and become a mini-replica of the original item. I thought it would be cool to do the same thing with a $10 note and make a key ring out of it. Well, the note shrunk just fine, but the printing on it didn't. it just shriveled up and fell off, leaving me with a square bit of dull clear plastic.

Yep, people are stupid. And people will stupidly agree with becoming a cashless society for convenience and perceived safety. It is destined to cause a lot of grief I reckon.

Say you are lucky enough to have a decent sum in a savings account because you never entirely trusted the risky super savings plan for your retirement. Say you start to worry that your "money" is nothing but digital numbers on a screen and decide it would be prudent to take some of that money out of the bank and keep it in cash. just as a personal backup plan to ensure that you will never be left totally broke through circumstances you have no control of. Say you take hundred dollar notes deciding a smaller bundle will be easier to stash and keep safe from thieves.

Now just say that some day in the future, you need the money because the unthinkable happened to the digital banking scene and you have to break out the bundle and pay for something with a hundred dollar note. According to popular belief by then, because there's been a concerted effort to phase out cash, the person you try handing your legitimately earned and saved money to thinks you must be either a tax cheat, a crook, or a terrorist. You are not a criminal, but you're going to be treated like one.

What happens if the pretend money we all rely on dries up suddenly and no one has cash?

Moral of Harrow's story, cut the cord if you stash your bundle in the microwave.

What happens if all our money is digital &we have a massive solar flare &another carington event were all electronic systens fail .&suddenly the only people who have money are the ones who saved cash or precious metals .?

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actiomax said..
What happens if all our money is digital &we have a massive solar flare &another carington event were all electronic systens fail .&suddenly the only people who have money are the ones who saved cash or precious metals .?

You think cash will be worth anything then? I'm guessing property and precious metals might be all that's worth having then. And a 12-gauge. And lots of tins of baked beans and powdered milk.

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Harrow said..
When I was a kid, the fun thing to do was to shrink a twisties packet by placing it in a moderate oven. It would shrink and become a mini-replica of the original item. I thought it would be cool to do the same thing with a $10 note and make a key ring out of it. Well, the note shrunk just fine, but the printing on it didn't. it just shriveled up and fell off, leaving me with a square bit of dull clear plastic.

Right, so what you need to do is start with clear plastic and print the numbers and designs on it...............

I feel your pain BTW, when they added aluminium to the inside of chip packets was a sad, sad day.

but the sparks are cool

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ThinkaBowtit said..
Yep, people are stupid. And people will stupidly agree with becoming a cashless society for convenience and perceived safety. It is destined to cause a lot of grief I reckon.

Say you are lucky enough to have a decent sum in a savings account because you never entirely trusted the risky super savings plan for your retirement. Say you start to worry that your "money" is nothing but digital numbers on a screen and decide it would be prudent to take some of that money out of the bank and keep it in cash. just as a personal backup plan to ensure that you will never be left totally broke through circumstances you have no control of. Say you take hundred dollar notes deciding a smaller bundle will be easier to stash and keep safe from thieves.

Now just say that some day in the future, you need the money because the unthinkable happened to the digital banking scene and you have to break out the bundle and pay for something with a hundred dollar note. According to popular belief by then, because there's been a concerted effort to phase out cash, the person you try handing your legitimately earned and saved money to thinks you must be either a tax cheat, a crook, or a terrorist. You are not a criminal, but you're going to be treated like one.

This already happens in the uk. Try paying for anything with a £50

Went to a retail safety workwear shop the other day, and they don't accept cash anymore. wtf?

I know the powers that be want it heading that way, but damn! Really? Already?

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Subsonic said..
Went to a retail safety workwear shop the other day, and they don't accept cash anymore. wtf?

I know the powers that be want it heading that way, but damn! Really? Already?

Pretty sure that is a breach of the currency act. 1965.

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rod_bunny said..

This already happens in the uk. Try paying for anything with a £50

Didn't think it through, and grabbed a bundle of £50 for a trip to the UK recently. After all, our ATM's hand out 50's all the time. What a pain it ended up. No-one would accept them.

On one occasion a cabbie wouldn't accept them, so he drove me to a shop to buy something so I could get change, and the shop wouldn't accept them, on and on it went. The only way to get rid of them was to eat in expensive restaurants.

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Jfunk said...

Subsonic said..
Went to a retail safety workwear shop the other day, and they don't accept cash anymore. wtf?

I know the powers that be want it heading that way, but damn! Really? Already?

Pretty sure that is a breach of the currency act. 1965.

That's what I thought too, but I really wasn't sure.

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Harrow said...

rod_bunny said..

This already happens in the uk. Try paying for anything with a £50

Didn't think it through, and grabbed a bundle of £50 for a trip to the UK recently. After all, our ATM's hand out 50's all the time. What a pain it ended up. No-one would accept them.

On one occasion a cabbie wouldn't accept them, so he drove me to a shop to buy something so I could get change, and the shop wouldn't accept them, on and on it went. The only way to get rid of them was to eat in expensive restaurants.

Years ago a guy I knew told me of a story when he was driving cabs... He had picked up a single female passenger, part way through the journey she mentioned that she didn't have much cash but could pay with something else. My friend asked what should could pay with, she leaned back and lifted her skirt giving him a full view of her lady bits.
He looked at what was offered and calmly said....
"Have you got anything smaller?"

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Harrow said..

actiomax said..
What happens if all our money is digital &we have a massive solar flare &another carington event were all electronic systens fail .&suddenly the only people who have money are the ones who saved cash or precious metals .?

You think cash will be worth anything then? I'm guessing property and precious metals might be all that's worth having then. And a 12-gauge. And lots of tins of baked beans and powdered milk.

Property and precious metals are good if you want to buy something expensive...well, maybe not property unless someone wants a trailer load of dirt in exchange for something. But I've wondered about gold bars - too much value if all you want is to buy a few cans of the neighbour's baked bean and powdered milk stash. Are our $1 and $2 coins going to end up being a more useful currency?

Didn't know that about the UK £50 - any wonder we're being primed here to lose the $100.

Its nothing to do with terrorism, criminals or anything else.

Its about government control. They want to know were you spend your every cent and who with and where did you get it from.

We live in a democracy...not ..we are as controlled as much as any communist state....and your part of the joke if you believe and vote for these clowns

Harrow , it works with a fifty ., try it !

No wonder these drug gangs are caught with thousands of dollars in cash. Theres just nowhere to spend it.

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Harrow said..

actiomax said..
What happens if all our money is digital &we have a massive solar flare &another carington event were all electronic systens fail .&suddenly the only people who have money are the ones who saved cash or precious metals .?

You think cash will be worth anything then? I'm guessing property and precious metals might be all that's worth having then. And a 12-gauge. And lots of tins of baked beans and powdered milk.

I suppose we could follow the lead of our more enlightened seabreezers - and stockpile silver


stephen

got caught out in Europe with 100 euro notes,and also in South america with $US 50 and 100. even our hotel wouldnt take the 100US

In Bali the money changers love the bigger notes, they even offer better exchange rates on them.

I like to hang on to the green notes for as long as I can, save them for special occasions if you like.

There were quite a few issues with counterfeit US$100 bills, this made a lot of places world wide just deny them as it was easier than educating staff.

Last time I got Avos was a few years back when I sold my tinnie on Gumtree, 35 Green ones thank you very much.

Wonder what the underworld wants with a 12 foot boat and motor?

Its about control. ...

And the sad thing is...Australians will just bend over and take it without a whimper.

Its in your convict dna to just obey any order from your rulers.


The way to judge a free state is to look at the freedom of press.

The government controls all major media outlets in Australia.

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ChopesBro said..

The government controls all major media outlets in Australia.

I think you've got that the wrong way round.

No I haven't. ....they aren't so stupid to present it as it really is.

So they spin it the other way....and aussies plebs lap it up like lame ducks.

Not one single big media issue goes into print or online without concerns about the "minsters office".

Australia is a joke....and the rest of the world is laughing. ..and not with u

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ChopesBro said.. No I haven't. ....they aren't so stupid to present it as it really is. So they spin it the other way....and aussies plebs lap it up like lame ducks. Not one single big media issue goes into print or online without concerns about the "minsters office". Australia is a joke....and the rest of the world is laughing. ..and not with u

But the war on cash is an OECD directive... we're just following it.

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ChopesBro said..
Its nothing to do with terrorism, criminals or anything else.

Its about government control. They want to know were you spend your every cent and who with and where did you get it from.

We live in a democracy...not ..we are as controlled as much as any communist state....and your part of the joke if you believe and vote for these clowns

It's a little more than just that... it's to facilitate NIRP.
That will ensure we eat down to the carrot stalk, and work as hard as we can for our next carrot.

Quick google for "war on cash nirp" returned: www.trunews.com/the-antichrists-cashless-utopia-war-on-cash-in-2016/
www.bloomberg.com/opinion/articles/2016-02-22/how-both-sides-can-declare-victory-in-the-war-on-cash

This is what you get when you let fascism disguised as saving you from "terror" become your rulers. Queue the bearded beheading monster... aka their mercenary.

Unfortunately most people have been dumbed down to the point where they're just too stupid to realize there's a better and more egalitarian way. They view the problems as too big to understand, when in reality global domination is the oldest profession, and even viruses engage in the practice.
Whether it's Hitler, an ideology or international bankers, if you let them limit your choices, they will.

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ChopesBro said..
Its nothing to do with terrorism, criminals or anything else.

Its about government control. They want to know were you spend your every cent and who with and where did you get it from.

We live in a democracy...not ..we are as controlled as much as any communist state....and your part of the joke if you believe and vote for these clowns

Maybe if you're a CT nutter.

Personally I find cashless living to be extremely convenient. No need to carry cash and everything is recorded in case you have to go back to it.

If you have nothing to hide and you pay your taxes the government are not the slightest bit interested.

Anyway, carry on with your paranoid delusions if it amuses you.

That's putting a lot of faith in technology AUS1111. As Actiomax said earlier, say there's an earth-changing solar flare and every computer fries. How do you access and spend your convenient money then? What proof do you have of how much you had if you've already subscribed to paperless statements? What good would that do you anyway?

What about here and now, isn't everyone's super gurgling down the drain right now with massive market shifts, more of your money disappearing without any way of you holding on to it?

It's not paranoid to think about the what ifs of your money if you can't physically put it in front of you and say, that is mine. I find the convenience of digital spending a good thing too, but I think it is unwise to ignore the potential flaws.

And off topic but worthy of mentioning, AUS1111, you do know that conspiracies do happen sometimes, don't you? History is full of proof that they do. Maybe it's delusional to think that somehow all that behind the scenes dodgy stuff has magically dried up in modern times.

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ThinkaBowtit said..

It's not paranoid to think about the what ifs of your money if you can't physically put it in front of you and say, that is mine.

No that isn't paranoid at all, it's an interesting idea and a scary thought, but everything ChopesBro said IS completely paranoid.

Yes conspiracies happen but if you think we are "controlled as much as an communist state" then I'm sorry, but you're a weirdo.

'Convict DNA' ?????

Mate it's 2016 not 1916, I think you'll find more <insert race> DNA in Australia then convict DNA

AUS1111 I am surprised you have forgotten about Greece so quickly. If the economy were to take a massive hit and the government wanted to control your money for any reason then wouldn't a nice pile of cash be handy, bet all of the Greeks that were affected don't want a cashless society. There's a perfect real life example and not a conspiracy theory