Скачать или смотреть Shocking Cash Conspiracy 🏦💔 - How You’re Being Played!

The 14th of February is the closing date for submissions to the Treasury relating to the ongoing access to cash in Australia. Actually I made a show on this called "Are We in the Midst of a Cash Long Con?". And there I argued that the government may well be playing a long con with the community ahead of the upcoming election.

Remember that the Treasury paper setting up the request for submission says that cash acceptance refers to the practice of businesses accepting cash as a form of payments for goods and services. Cash acceptance levels must remain sufficient to enable consumers including those unable to use digital payments methods to participate in the economy. The Albanese government has said that it would mandate that businesses must accept cash when selling essential items like groceries and fuel from 2026. They argue for a carve-out for small businesses and that cash transactions should only be accessible for those essential services. So my suspicion is this is more political than anything else. The government knows that cash availability is a big issue and it can't be avoided. So this Treasury paper allows the issue to flow on beyond the next election. In the meantime the neoliberals in the pockets of the big banks still want to take our rights to use cash away. So on one hand they can appear to be taking the rights of cash seriously but can also continue to assure the banks that they support them. It's a classic yes Minister Long Con!

Actually this is one of the most compelling reasons to create a government bank perhaps for full banking via the Australia Post network. But of course this is beyond the election horizon of May. So Labour can say that they're doing things in response to the public pressure as encapsulated in the regional bank inquiry. Access to physical cash is a human right which needs protecting. But of course the banks hate it. How the lifeblood of banking -cash - became an expensive overhead is the shame here. But the government con is also a big part of the story So remember to make your submission by Valentine's Day!