Australian govt. proposes a tax on savings

[midnight rambler]

From Martin Armstrong, sorry if a repost -

http://armstrongeconomics.com/archives/30158

[Glass]

he doesn't say what the specifics are.

We had/have taxes on taking money out and putting it in. This has been the case since the 80's. I think they stopped one or more of those taxes. There was a debit tax and a deposit tax. Not sure which one was removed.

There is no difference between any of the western governments. they are all in the control of the same group. Martin is right though. They are all very definitely insane. The people can't grasp the problem. They don't posses the mental concepts to be able to identify the problem. They think it is incompetence. The problem of the people being that they dissociate what they hear from what they see and assume that what they see is an aberration and not real at all.

[Blink]

Kinda ties into the same line like that story out of Austria (?). Cashless society where they can tax your savings if they want you to spend or tax you for using your fiat when they don't want you to. The pinch is on to rid the world of unregulated currency transactions. Privacy is slowly disappearing....

[Glass]

Privacy is slowly disappearing....

Rapidly. I didn't really expect it to happen so quickly. People have no comprehension of what privacy is. They just don't get it.

I watched an unlawful traffic stop and subsequent unlawful vehicle search through the windows of a clients office. I was telling the hapless driver, don't open the trunk, don't let them search the vehicle. Other observers said why not? I said because there is no search warrant. You cannot search a car or a person without a warrant.

The reply: If you have nothing to hide you have nothing to fear.

I said, people have a right to total privacy of their person. This is enshrined in laws going back 400 years. You do not have to a) stop, b) answer questions and c) submit to a search without either a warrant for arrest or a warrant for a search.

Blank looks.

Do you know the law or something? Was the question.

I said yes, been studying it for more than 7 years. At that point I stopped talking and went back to what I was doing. There was no comprehension or desire to comprehend anything. None of these people, god bless them, would have any fortitude to stand for their rights. They would either buckle under or wet their pants at the first encounter with an "Authority" figure.

[Serpo]

This decision to put a tax on savings would seriously harm the government, and if there are any smart Australians, it should be a race to get the hell out of the banks. The banks should see a massive withdraw. Take your money and buy tangible assets, even gold, but you just cannot store it in a bank. Movable assets will be the key and buying equities in the USA may be the only real game in town to protect money.


.....

[Serpo]

Putting money in banks to get taxed ,,,,

The banks create money and when we get it they tax us.....

They have taxed everything that moves , now they are taxing what dosnt move...money in the bank.....




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It is hard to fathom how Australian banks will attract or hold on to deposits in this new Abbott-style of Economic Totalitarianism. Of course, the opposition is outraged by the decision of the Abbott conservative government. This is not a labor government demonstrating what I have said – economically there is no difference between left and right – just hand them the money.
The introduction of this tax on money in Australia led by Tony Abbott is the trial balloon for the global economy. The IMF’s Christine Lagarde has led the battle to impose French socialism/communism upon the entire world. I have warned that she is the most dangerous woman on the planet. Do not forget, it was the French elite who sold the idea of communism to Marx – not the other way around. Now the French elite have control of the IMF and they have persuaded all other global financial institutions to also require such a compulsory levy for several years because they see it as the only way to resolve the debt crisis – just confiscate the people’s money. In the wake of the G20 discussions, such measures are usually prepared and coordinated. The public knows about it only when there are hardly any ways to prevent the action, and the mainstream press sell the people down the river, cheering all the way.

[Glass]

I want to know where all these satanists have come from. Were they always there? As a child I remember we were a very christian nation. Many churches. The bells would toll on Sunday. This was banned at some point and churches could not longer ring the bells.

Now we are totally controlled by them. Where did they all come from? And so quickly. I guess if you took out all the atheists there probably wouldn't be that many. And I suppose if you consider Australia was founded, surveyed and developed by Freemasons, you can conclude we have always been ruled by satanists.

Then if you accept that this human existence on earth has always been in satans domain, there really is nothing to be disappointed with. It's what it is supposed to be.

[Serpo]

secret organisations

[Silver Rocket Bitches!]

Rapidly. I didn't really expect it to happen so quickly. People have no comprehension of what privacy is. They just don't get it.

I watched an unlawful traffic stop and subsequent unlawful vehicle search through the windows of a clients office. I was telling the hapless driver, don't open the trunk, don't let them search the vehicle. Other observers said why not? I said because there is no search warrant. You cannot search a car or a person without a warrant.

The reply: If you have nothing to hide you have nothing to fear.

I said, people have a right to total privacy of their person. This is enshrined in laws going back 400 years. You do not have to a) stop, b) answer questions and c) submit to a search without either a warrant for arrest or a warrant for a search.

Blank looks.

Do you know the law or something? Was the question.

I said yes, been studying it for more than 7 years. At that point I stopped talking and went back to what I was doing. There was no comprehension or desire to comprehend anything. None of these people, god bless them, would have any fortitude to stand for their rights. They would either buckle under or wet their pants at the first encounter with an "Authority" figure.

The conditioning is real. We have become the frog in the pot.

[Horn]

I want to know where all these satanists have come from.

They stopped going to church, and started campaigning.

When finished there, they'll go back to church.

[Twisted Titan]

They stopped going to church, and started campaigning.

When finished there, they'll go back to church.

And wait for their marching orders from the nearest synagouge

[mick silver]

Digital Money Forging Ahead
By Philippe Gastonne - May 13, 2015



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Econet Wireless is now allowing group savings on its mobile money platform, EcoCash, a development the company says will reduce risks associated with cash handling.
The EcoCash Savings Club will earn interest on "all pooled funds" each month.
Saving groups can appoint a chairperson who will undertake the opening of the account while approving members will also be selected from the group.
Savings groups are common in most African communities whereby members in a group put money together for a common interest such as buying properties or for funding functions such as funerals or weddings. Most of these groups appoint a member or take turns to keep the money inside their houses.
"They (saving groups) typically consist of a group of members who each contribute regularly into a cash pool that members borrow from on a rotating basis. While the practice is widespread, savings clubs face security risks in handling cash and difficulties in tracking contributions and withdrawals from members," said an official at Econet Wireless. – ITWeb Africa (http://www.itwebafrica.com/mobile/323-zimbabwe/234594-savings-groups-allowed-on-mobile-money-platform), May 8, 2015
Evolutionary biologists tells us that humanity itself came from Africa. Now that continent may be leading the world back toward honest money (http://www.thedailybell.com/definitions/params/id/804/).
The EcoCash concept doesn't seem to offer a full escape from fractional reserve banking (http://www.thedailybell.com/definitions/params/id/1972/). The fact that accounts earn interest suggests the funds find their way into conventional banks. Nevertheless, the framework described ought to work just as well for Bitcoin or any other honest currency. Depositors would have to pay a service fee or accept liquidity restrictions.
Like bitcoin, EcoCash is another example of technology that challenges the modern banking system. It allows savers to keep their money safe from theft yet easily accessible.
Another interesting but perhaps ominous development is in Denmark. There the government apparently wants to follow Citigroup's lead (http://www.dailybell.com/news-analysis/36252/News-Flash-Citigroup-Hates-Cash/) and abolish currency altogether.
As of next year, many Danish retailers and other businesses will no longer have to accept cash payments (http://www.independent.co.uk/news/world/europe/denmark-moves-closer-to-a-cashless-society-10231995.html). Almost a third of the population already uses a Danske Bank app called MobilePay to make payments.
The Danish government should not have forced businesses to accept fiat money (http://www.thedailybell.com/definitions/params/id/803/) in the first place, of course. Nevertheless, we see here again a payment technology that ought to work well with bitcoin or even shares representing physical gold in storage.
Closer to home, last week New York State's top financial regulator granted the first government license to bitcoin exchange ItBit (http://nyti.ms/1Jtzzb6). As a licensed trust company, ItBit will have a bank-like status allowing it to take custody of virtual customer funds.
Whether it happens with bitcoin or some other cryptocurrency, the architecture of a truly free-market banking system is falling in place. Savings and payment processing platforms are slowly encroaching on the conventional banks.
We know which side will win. The only question is when.

- See more at: http://www.thedailybell.com/news-analysis/36288/Digital-Money-Forging-Ahead/#sthash.Kcebqkm7.dpuf