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Cashless society

I think you mis read my post if you think I was insinuating you were a criminal or was trying to insult you, try re-reading my post with a less cynical tone. I didn't say you were shifty, I said acting shifty, eg doing something that makes people question you.

But, I see it a bit like an airport, sometimes you get asked questions when you are entering country to make sure your purposes for travel are above board, and you can be operating in a completely legal manner, but still be a little bit unusual and trigger some one to ask questions, it shouldn't be a problem to just answer some questions, and as I said if you are doing things that arouse suspicions, maybe avoid those things if you don't like to answer questions.

I enter in and out of the USA frequently, crossing the border in multiple times with in a short space of time from various locations but in legal ways, but that are a little unusual for the average traveller, so its not surprising that some times I have to answer a more intense line of questioning, its just part of the game, in fact due to answering a few questions last year I managed to save some money on border fees.
 
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And the moral of this extremely sad tale would have been to contact the bank in question for verification.
We have for some time now, do not answer calls unless there is a name attached to it and e-mails are dispatched to the bin.
If we want or need anything we make the inquiry to someone behind a counter locally.
 
Very true, I thought it best to move the article to the scam thread, but it is hard to stop people doing silly things.
If I am moving a lot of money around, I make every attempt to do it in person at the institution, I trust very few people with my money it was too hard earned to be risking giving it away.
 
Mr sp I have always been of the opinion if I/we wanted to invest our hard earned, it would not be with an unknown bod contacting us.
Just makes sense to make the contact via a bank or financial institution and deal with a real person who can be seen on a face to face level.
 
from the AFR

Cash transporter Armaguard has sealed an agreement with the country’s largest banks and retailers to deliver the Linfox-controlled group an additional $50 million, assuring the distribution of bank notes and coins throughout the economy for at least a year.

A .... new agreement, finalised over the weekend, will provide additional funding for Armaguard for a year from 01 July and is expected to be submitted to the competition regulator for approval [today ].
 
Australia’s digital banking boom is continuing with payments by mobile wallets surging by 35 per cent in the last year alone, according to a new report released today by the Australian Banking Association









 
Are they going to pass those costs on to the cash users???

It’s certainly shows that using cash isn’t free, it’s just subsidised heavily by other parts of the system, and as cash use continues to shrink, it’s going to get more expensive on a per user basis.

But, for some reason credit card users get asked to pay surcharges on our transactions, while profits from credit cards are being used to subsidise the cash transactions of tax dodgers and cranky conspiracy theorists
 
It was interesting in my travels recently. Cooktown area, as well as smaller communities with naught but a pub and a cafe. The first action when we bought was they didn't hold out a hand for cash but presented the EFTPOS terminal first off. Same in local retail stores. I had no difficulty with the payment process at all.

I have noticed in my neck of the woods where a high school is close by none of them seem to use cash in the supermarket but use their smartphones. Even those of my generation (70 yo+) tend to now use either debit cards or their phones.

I suspect, while there will still be cash used, it will become smaller and smaller as time progresses as we older people die and generations bought up with the digital world won't be bothered using cash very much.
 
It makes sense for remote areas to use digital, because most of the supplies they order are coming in from suppliers that are along way away.

If you drive a $50 note to cook town, and use it to buy some beers, well now the pub has a $50 note in its till that it has to work out a way to get that note banked so it can pay the beer company in Brisbane, and even if there is a bank in cook town, travellers bringing cash would cause an accumulation of cash locally that needs to be trucked back to a city.

But if you pay digitally the money goes into their account automatically and they can pay their bill right away, no need to physically move cash around, which is expensive.
 
The cynical part is your claim that maybe it’s part of some conspiracy to keep you from rising to a wealthier class.
up to 'super-elite' class absolutely , to the lesser 'upper levels' well that depends on if you can be controlled , in critical areas

god forbid you just crash in perforce of sheer wealth and influence of key levers , say the power or telecommunications networks ., and express unusual ideas in public
 

Don’t forget the taxman

 
By that argument they are most at risk of digital outages. If you have cash it will circle the local economy a lot more than digital will.
 
If you have cash it will circle the local economy a lot more than digital will.
How? the same amount of cash will circulate regardless, I mean even if you pay cash the Pub will still need to bank it and pay their staff digitally, not many staff get paid cash except the tax dodgers

Outages every know and then are probably not as much hassle as dealing with cash.
 
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