Storm Of Negative Interest Rates Looms, 25 Million Aussies Left Without Umbrellas!

Originally posted by Stevie.K: ↑

You have the freedom to withdraw or deposit large sums of cash money, it's at the complete discretion if the banks will allow you to do so in lump sums or not.

As for the idea that the banks are trying to lock down your money so you can't access it? It's not stopping you withdraw your pay/pension each week. It's stopping large lump sums being shifted around, which would hamper illegal activity.

I would not sell a car/bathroom etc and accept $10k in cash, for the exact reasons I outlined. The effort you'd go'd have been through to buy something in cash would make me question why you were trying to deal in cash.

Even look at it from the security side of things, I've met with essentially a stranger to buy my car for $10-20k. He has brought cash, I have not been able to verify his identity, and now he knows I have $20k in cash that I'm carrying around until I can get to the bank. Seems like an easy target.

Or, is this money even legitimate? How can I tell if it is counterfeit?

You have the freedom to buy almost anything with cash, but I also have the freedom to say I don't want to accept your cash payment and I will only accept bank transfers.

Cash might be king, but the time of physical cash is behind us.

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damn- why loose change ?? just zap away the speed radar - i am sure they can get more

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Australia has become perhaps the MOST aggressive country in Western Culture to hunt down its own citizens for money. They follow school children and then investigate how the parents are paying for the school. The Australian Tax Office (ATO) has applied for access to everything to hunt for money. They want access to phone calls, emails, posts, and SMS text messages.
Australians could face two-year jail sentences and fines of up to $25,200 under proposed laws that limit the use of cash to $10,000 — a move some groups argue would create an Orwellian state by giving authorities greater control over people’s finances. The government’s slogan – Cash is for Criminals. Thus was hidden in the 2018 Australian Government budget claiming it would save $5.3 billion by banning cash payments of $10,000 or more. Australian Treasurer Scott Morrison said it was a crackdown on the black economy.
Instead of reform, they are reforming ways to hunt their own citizens. Australia began as a penal colony. The king needed money so just about anything you did from stealing an apple to any minor issue landed you not in prison, but they would sell you to a plantation for 5 years and transport you to a foreign land and leave you there. If they could torture you and get you to confess to one of 240 felonies, they carried the death penalty where the king could confiscate all your assets and throw your family out on the street. Prisoners would die under torture to save their families.
The King is Dead – Long Live The Tax Extortioner