The Morrison government’s bill to ban cash transactions over $10,000 would send Australians to jail for spending their own cash. Cooked up by crooked accounting firm KPMG, the proposed law is touted as necessary to combat money laundering and tax evasion in the so-called “black economy”.
This release was originally an article under the same title by Robert Barwick published in the 24 June 2020 Australian Alert Service.
Channel 7 News reported on 19 June that the banks are boasting of using the COVID-19 pandemic to ram through their cashless economy agenda. The banks had a five-year plan to reduce cash use, but thanks to coronavirus they achieved their goal in just 10 weeks!
Australia is in a dire economic emergency, which must be tackled with the same urgency as the COVID-19 pandemic. Australians should call on their politicians to support Bob Katter’s plan to turn the Clean Energy Finance Corporation (CEFC) into an emergency national investment bank that can immediately direct credit into nation-building and job-creating economic development.
Australia is borrowing and spending more than $300 billion to put the economy on life support for six months or more. Instead, we should recapitalise and repurpose the Clean Energy Finance Corporation (CEFC) to invest in the industries and infrastructure needed to combat the epidemic and put the economy on a more productive footing going forward.
