#Cashban #WOW #HeiseSays Woolworths is slowly implementing a Cash Ban at selected stores in Sydney and Melbourne. Malcolm Roberts from One Nation is calling on people to sign a petition against this move from Woolworths and to call on the Senate to insist that they accept legal tender. References Stop Woolworths Cash Ban https://www.onenation.org.au/stop-woolworths-cash-ban?fbclid=IwAR1C9KeY5oUR7P9lohD2FZwJahtj2wEviuBGS-S2Fsi_nwUBk0uMaZ3Ct8E https://www.smartcompany.com.au/industries/retail/woolworths-cashless-stores-sydney-melbourne […]
Australia doesn’t need a cash ban.
Groups are arguing that the Cash ban might backfire.
Let’s look as some of the Cash Ban submissions to the Senate Standing Committee on Economics.
Banks are beginning to prepare for negative interest rates by exploring the implications on their IT infrastructure.
#Retail #Recession #HeiseSays Retail levels have crashed to levels not seen since the 1990’s recession. References Retail slumps to ‘weakest’ level since 1990s recession as tax cuts fail to stimulate consumer spending https://www.theage.com.au/politics/federal/worrying-sign-retail-slumps-to-worst-performance-since-last-recession-as-jobs-weaken-20191104-p5378r.html?fbclid=IwAR3h2VWqEkoJQJPDUX36h12CN9x7UMbpKce448y28rwZjEpYBcymiA8l87M
#Eftpos #Australia #HeiseSays Eftpos transaction fees are being passed onto consumers with greater frequency. Luck we still have cash….oh. References
#CashBan #Australia #HeiseSays Let’s look at Treasure’s reporting concern the 3500 public submissions to the Cash Ban consultation. References China Is Heading For A Long Growth Recession, Not Because Of The Trade War https://www.forbes.com/sites/forbes-finds/2019/11/01/the-best-tech-giftsfrom-new-releases-to-cult-favorites/#394cfde677b0
#CashBan #Economy #HeiseSays Can the Cash Ban be stopped in the Senate? References https://www.treasury.gov.au/consultation/c2019-t395788 https://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r6418 https://www.aph.gov.au/Parliamentary_Business/Committees/Senate/Economics/CurrencyCashBill2019 Cash-ban law under review as MPs argue it would push people into ‘clutches of the banks’, restrict freedom https://www.abc.net.au/news/2019-10-25/cash-ban-law-under-inqury-post-mp-concerns-on-freedom-breach/11640124?section=business
#CashBan #Economy #HeiseSays The $10,000 Cash Ban just passed the third reading in the house of reps. We need to #ShiftTheWindow and get greater diversity in the house of representatives. References https://www.aph.gov.au/news_and_events/watch_parliament