Trrrrrrrrrrrust me, I am a bank

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Re: Trrrrrrrrrrrust me, I am a bank

Post by TassieTiger » 21 Aug 2019, 11:25 am

What does a cashless society look like...? It looks corrupt to me...
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Re: Trrrrrrrrrrrust me, I am a bank

Post by wanneroo » 21 Aug 2019, 11:41 am

Looks like the $10K rule has not been passed yet. I would oppose it at all costs.
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Re: Trrrrrrrrrrrust me, I am a bank

Post by JSS » 21 Aug 2019, 1:08 pm

Bill wrote:$10k limit will eventually be reduced to $5k then $2k just like some overseas countries.

the removal of this freedom just forces us all into the corrupt Banking system where they can cream extra fee etc from us all.

Scomo is a loose cannon that needs to be pushed overboard


Bill when it comes to stuff like this they are all the same, they just wear different coloured ties.
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Re: Trrrrrrrrrrrust me, I am a bank

Post by on_one_wheel » 21 Aug 2019, 8:33 pm

JSS wrote:
on_one_wheel wrote:
Ziad wrote:Omg this thread is funny... it doesn't make sense.

Last time I checked I never seen near 10k in cash in one location.... but what's more funny is what stopping joe kreps his money under his pillow, couldn't he just make 2 payments of $9500 in cash to buy his fancy diamond ring worth 19k....or 9k in cash and 11k including GST via bank transfer


Yep Joe can, till they lower the max to 5k... which they will.
The last 2 vehicles I bought were both cash deals, both well over 10k.

Are you happy to selll your vehicle that you paid over 50k for new, and then have to declare that money as income when you sell it privately for 30k and pay tax on it? EFT Or would you rather just get cash and call it a done deal?

How about the old garrage sale? Better pay your tax on that to, it's an income and you can't hide it in a eft. Id rarher get a few folding notes thanks.

It's the pointy end of the wedge, perhaps you'll moan when cash is no longer an option and the power is out or the internet just decided to stop working?

I wouldn't expect most millennials to understand, most of us who received our first pay-packets as a ward of cash certainly do.


On _one_wheel this claim you're making about a 10k cash withdrawal ban is absolute rubbish. You can withdraw as much as you like, for larger amounts like 10k or over, they just normally ask you for 24-48hrs notice but that's it. The fact is anything over 10k in cash they are required to report it to the ato but that's as far as it goes. I rang them a couple of months back and ordered 30k, they asked if 48hrs was ok and it was there in two days. last year with 24hrs notice i pulled out 80k in cash to but a caravan, we were travelling south on a road trip and decided to buy one while we were down Melbourne way, i wanted extra bargaining power and a quick and easy same day purchase & pickup so cash was best.
I love the idea of cash and use it as much as i can, more people should use it more often or we are going to lose it.


Where did I say 10k withdraws are banned?

I think you've misread my post.

Anyhow, keep up the cash usage.
Like ya said, use it or loose it :thumbsup:
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Re: Trrrrrrrrrrrust me, I am a bank

Post by Ziad » 21 Aug 2019, 10:49 pm

Lol at bill... I was thinking you talking about guns... come on that (scare campaign) argument has been used to many times mate.

But it's ok I keep forgetting I am in a right wing nutter poo fight now.... yes getting in before people call someone here leftward.... sarcasm
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Re: Trrrrrrrrrrrust me, I am a bank

Post by JSS » 22 Aug 2019, 7:57 am

on_one_wheel wrote:Where did I say 10k withdraws are banned?

I think you've misread my post.

Anyhow, keep up the cash usage.
Like ya said, use it or loose it :thumbsup:


Sorry mate my mistake all good :thumbsup: What kind of payments were you talking about when you said
on_one_wheel wrote: Cash payments of 10,000 dollars or more is now banned


EDIT: never mind i just googled it for myself. With all the opposition it's receiving and where it's coming from there's a good chance it won't pass, thankfully.
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Re: Trrrrrrrrrrrust me, I am a bank

Post by Tiger650 » 24 Aug 2019, 11:24 pm

Scomo is a loose cannon that needs to be pushed overboard

Just another fellow traveler.
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Re: Trrrrrrrrrrrust me, I am a bank

Post by Tiger650 » 26 Aug 2019, 8:14 pm

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Re: Trrrrrrrrrrrust me, I am a bank

Post by mickb » 26 Aug 2019, 11:32 pm

This is the sort of stuff that is important to talk about, but it gets very little airplay. As soon as people start asking questions the government funds half a dozen red herrings like the gender debate, vegan farm invasions, or what day Australia day should be. Basic diversionary tactics, throw the mob a few bones and they forget they are hungry for 10 minutes.

Just the loss of penalty rates should have been big news, aka population wide protests. Generations ago, bringing the labour laws into place almost caused a civil war. Its not something that gets taught these days at school, but its an important part of history. Another red herring is politicians expenses. People run about like chicken little because some bird spent a measly 40k on a personal chopper ride, meanwhile no one says anything when the government strips a billion bucks off the population....
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Re: Trrrrrrrrrrrust me, I am a bank

Post by Ziad » 27 Aug 2019, 5:39 pm

Ahhh humnutbug. This article don't make sense.

Negative interest rates... so they saying we keep money in bank, then we pay the bank a quasi interest rate.

And this is done to simulate the economy (like dripping from 10 to 6%)

How is that supposed to simulate the economy... ohh so I consumer who has 1k in his bank account will spend it on a TV or a GUN with company B or pay %1 per annum in interest..

Ok but who holds the most cash in their bank accounts or under their mattress.... it's actually companies. So the companies holding cash to pay for goods or wages.. will be slugged %1 tax.... that will actually slow the economy cuz you are taking cash from the companies and putting it into banks. So it will actually increase the recession.... and those with money under their mattress will just keep it there

And criminals will goto crown casino and make their black money white
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