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August 06, 2023

Australia Going Cashless?

Rumour has it that Australian banks have started removing cash from the system, and that some banks are restricting cash withdrawals to sums less than $500.

This could mean many things; the first thing that comes to mind is financial meltdown, the banks are stressed and going under. When a run starts, banks limit withdrawals.

But more likely; Australia is moving to a dystopian future model where everyone will be tracked. All transactions controlled. 

This means Australia will fail. It is as certain as night follows day. Cash requires no electricity, and is an immediate transaction. The same banknote can travel right across the city and through several hands in one day, and never be subject to permissions by a computer somewhere.

If this is true, the land Downunder will truly be going under.



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