Categories
Economy Recession

Evidence The Cash Ban Isn’t Necessary

Australia doesn’t need a cash ban.

Categories
Cash Ban Economy

The Cash Ban Backfire

Groups are arguing that the Cash ban might backfire.

Categories
Economy

Senate Cash ban Submissions Released (Part 01)

Let’s look as some of the Cash Ban submissions to the Senate Standing Committee on Economics.

Categories
Economy Finance

Banks Prepare for Negative Rates

Banks are beginning to prepare for negative interest rates by exploring the implications on their IT infrastructure.

Categories
Economy Recession Retail

Retail Levels Crash

#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

Categories
Economy

Secret Eftpos fees

#Eftpos #Australia #HeiseSays Eftpos transaction fees are being passed onto consumers with greater frequency. Luck we still have cash….oh. References

Categories
Economy Recession

Treasury Cash Ban Submissions

#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

Categories
Cash Ban

The Cash Ban in the Senate

#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

Categories
Cash Ban Economy

The Cash Ban Passes the House

#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

Categories
Cash Ban

The Cash Ban Bill Moves to the Senate

#Economy #CashBan #Australia The Senate has referred the Cash Ban Bill to the Economics Legislation Committee and the due date for submissions is the 15th of November. Are you going to make a submission? References Currency (Restrictions on the Use of Cash) Bill 2019https://www.aph.gov.au/Parliamentary_Business/Committees/Senate/Economics/CurrencyCashBill2019 Currency (Restrictions on the Use of Cash) Bill 2019https://www.treasury.gov.au/consultation/c2019-t395788