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!
While Australian people and businesses are being understandably cautious about handling cash in this pandemic, the rumours that the World Health Organisation (WHO) warned against using cash are false and risk creating a false sense of security about paying with cards.
Across Australia people are trying to pull their savings from banks. So far it is a slow, silent “run”, not enough to be a systemic threat with crowds gathering outside of bank branches. But it is accelerating.
The Labor Party now owns the cash ban law. They have “Albowed” Morrison and the government aside to take charge of the law that, stripped to its essence, will jail Australians for not using banks.
Australians should call Albo and every Labor MP and Senator and demand to know why.
The global market meltdown currently under way is being blamed on coronavirus, but fear of a pandemic is just the trigger, not the cause.
The markets were already in crisis, only kept inflated by the half-trillion dollars that the US Federal Reserve has printed and pumped into the system since a crisis erupted deep inside the US banking system on 17 September 2019.
