it's not just the legislation which in its current form will firstly limit the amounts so as to limit the resistance, it has a blank page attached for added amendments that can be added without any vote .
The real aim is the back door to superannuation Trillion + dollar pool.
With the last of the baby boomers and generation x approaching retirement and the super coming to maturity.
The process
Step 1) limit the cash transactions, once legislation is passed add the regulations that move everyone into a cashless system preventing a bank run when negative interest rate are introduced.
Step 2) The introduction of QE this will trigger inflation and obviously trigger the devaluation of the $Aus.
Step 3) The trap shuts and the door opens for tax legislation or a version of window dressing disguised as a levy on digital currency transactions with no way to escape.
It is being sold as the elimination of the black economy, we all know this is rubbish as 99% of black economic fraud is committed by syndicates and the international banking system that circumvents regulations through international law well documented and evidence with prosecution in many countries and countless studies proving this to be the case
Why isn't government attracting this issue
it's plainly simple it want the pry the door open to superannuation pool as its sole objective
How pathetic that the Government lies to its constituents and sadly it looks like we will see the increase of voting in alternative parties in the next election to circumvent both major parties
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