the lib govt working for australians...STOP DREAMING, page-2

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dan1

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12/12/19

10:47

Post #: 41928125
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Originally posted by watso: ↑

for what it is worth, but at the last election watso only preferenced the libs ahead of the lab and the greens.. and was obviously thrilled that the lab/greens lost.. also thrilled that turnbull got rolled.

anyway the liberal government are up to no good with their cash ban legislation ideas and then there is the very serious issue that the government is setting up the framework so that YOUR SAVINGS can be converted to shares in the banks (ie bail ins)..

the government is working for the big end of town - not for australians. lucky for the plebs that PHON/katter have taken up the fight for australians... all of the following video is well worth watching - particularly from the 4.05mark

negative interest rates!! the show mentions that germany and japan already have negative interest rates - ie you pay the bank to look after your money - and then after allowing for inflation then the savings of people soon disappear .

why would anyone want to pay the bank to look after their money??? ok there might be a security matter - but if cash transactions are banned - then there is no point saving the money in a vault (or a hole in the back yard) ..

the cash ban thingy ensures that the banks will take a small cut from every transaction .

on this matter, watso has NO FAITH scomo or frydenberg etc etc

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watso, RBA boss has already said he wont be going down the negative interest rate track

https://www.rba.gov.au/speeches/2019/sp-gov-2019-11-26.html
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