Cash Escalates: Australia Proposes Ban On $100 Bill; No Cash Within 10 Years?
Global financial repression has picked up steam. Australian citizens are likely the next victim.
AU News reports Government Floats $100 Note Removal.
SAY goodbye to the $100 note.
Australia looks set to follow in the footsteps of Venezuela and India by abolishing the country’s highest-denomination banknote in a bid to crack down on the “black economy”.
Speaking to ABC radio on Wednesday, Revenue and Financial Services Minister Kelly O’Dwyer flagged a review of the $100 note and cash payments over certain limits as the government looks to recoup billions in unpaid tax.
“The whole point of this crackdown on the black economy is to make sure we close down any potential loopholes,” she said. Despite the broad use of electronic forms of payment, Ms O’Dwyer warned there are three times as many $100 notes in circulation than $5 notes…. [read more]
lhwm notes: They are preparing to go cashless, because during the Tribulation there will be more control over what you buy and sell. Revelation 13:17 And no one could buy or sell anything without that mark, which was either the name of the beast or the number representing his name.