Is this the beginning of a digital cashless society?
Out with cash, in with central bank digital currencies (CBDCs)?
Australian banks are no longer permitting customers to access cash at some branches, according to Sky News.
The outlet reported banks are treating customers with “absolute disdain” for not allowing cash withdrawals.
Sky News senior reporter Caroline Marcus hits out at banks for treating people with “absolute disdain” following reports customers are being refused access to cash.https://t.co/LE1ppD8hDI
— Sky News Australia (@SkyNewsAust) July 6, 2023
Watch this Sky News Australia video report:
Sky News reports:
Sky News senior reporter Caroline Marcus hits out at banks for treating people with “absolute disdain” following reports customers are being refused access to cash.
“They’ve got to remember it isn’t their money,” Ms Marcus told Sky News host Peta Credlin.
“It belongs to the customers.
“It kind of leaves you feeling that you might be better off stashing your cash under the bed.”
According to the Daily Mail, banning cash withdrawals is an ongoing trend in Australia.
“ANZ and NAB have announced they were no longer permitting cash withdrawals over the counter at some of their outlets as more banking is done online than with cash,” Daily Mail reports.
Per Daily Mail:
The move comes after Queensland woman Taryn Comptyn was unable to withdraw cash from her local bank branch and ended up closing her account in a now-viral TikTok clip.
The Commonwealth Bank and Westpac don’t have limits on over-the-counter withdrawals.
But RateCity research director Sally Tindall said the major banks were now advising customers to call a branch beforehand if more than $10,000 in cash was needed to buy a used car, so they could give banknotes to sellers wary about PayID scams.
‘They really did emphasise the need to call ahead if you’re going to take out significant amounts of money,’ she told Daily Mail Australia.
‘If you’re taking out amounts that are over $10,000, it’s worth calling ahead to make sure that they have the money available in that branch.
‘When you’re talking about buying and selling secondhand items, there’s so many scammers out there trying to rip you off with the latest pay ID scam, a lot of people on Facebook Marketplace say, “No PayID”.’
Canstar group executive financial services Steve Mickenbecker said holding large amounts of cash in a branch posed a security risk as more banks went digital.
‘It’s not surprising that they are holding a lot less cash – it’s a security risk and dead money sitting in a vault somewhere,’ he told The Australian.
See the excuse for banks not holding as much cash.
It’s a “security risk.”
Having less cash available is for your ‘safety.’
It’s the excuse they’ll use to eventually ban cash and mandate the use of digital money.
This money is more ‘secure.’
It’s for your ‘protection.’
Yet, we know CBDCs are a method of government control of your finances.
The global elite at the World Economic Forum openly discussed this plan at their latest summit in China.
And CBDCs are right around the corner in the United States.
The Federal Reserve is preparing the launch of its “FedNow” digital platform, which lays the foundation for a CBDC.
FedNow is prepared to go live July 20th.
We’ve been covering FedNow for a while at WLTReport.
Read more about FedNow here.
In addition to the Federal Reserve’s digital money platform, the International Monetary Fund (IMF) wants to develop a global CBDC.
We actually warned you about EXACTLY this scenario a few months ago...
INCOMING: US Government May Freeze American Bank Withdrawals
Don't say I didn't warn you...
I follow the news for a living and I keep my finger on the pulse of the nation while doing so, and I can tell you something feels very "off" right now.
Like something big is about to drop.
And I feel like it will involve the banks.
Call it a hunch, but my gut isn't wrong too often.
And it's very possible your money may not be safe.
Where's the safest place to put your money?
For decades, we were raised and taught the answer to that question was "in a bank".
And for decades that answer was correct.
But what if one day the bank just says -- sorry! It's not your money anymore! -- and refuses to let you take it out?
That's not just random speculation by me, many experts are warning that's coming.
In fact, it already has a name: "bail-ins".
Check this out:
U.S. may freeze bank withdrawals as currency fear rises, expert warns https://t.co/HeIqYBJIGK
— 𝕀ℕ (@Ianbins) May 14, 2023
And from Stew Peters:
ALERT: US Government May Freeze American Bank Withdrawals As Currency Panic and Capital Flight Mounts - Hedge Fund Manager Hugh Hendry
This will be catastrophic. pic.twitter.com/IPjWj4SzX6
— Stew Peters (@realstewpeters) May 8, 2023
Here's more, from The Daily HODL:
In a new interview on Bloomberg Markets, Hendry says mass panic and capital flight away from the US banking sector is entirely justified.Hendry says a further decline in the M2 money supply, which in part tracks money in liquid checking accounts, could convince the US government to step in and prevent citizens from taking their capital out of the banking system.
“Sometimes it’s kind of relevant to panic. I would recommend you panic… You’ve seen the biggest waterfall decline in M2 right now. M2 is deposits, not loans. That’s the deposits fleeing the system and going into money market funds.
That could reach a crescendo where the Treasury and the Fed may have to come in and actually restrict your right as a US citizen to pull money out of the US banking sector.”
Hendry says capital flight from US banks is not solely about fears on whether the FDIC will insure deposits above $250,000, and a blanket guarantee on deposits would not solve the problem.
“There is capital flight, deposit flight from the banking sector seeking yield. I fear that, I don’t say this lightly, but in 1934 the Federal Reserve Act confiscated gold from US citizens.
We’re at the point where the Fed and Treasury officials I’m sure are having to consider a gate a lock on US bank deposits.”
You can watch that full video here:
But it's not just these people warning you...
How about President Trump himself?
That's right, check this out:
TRUMP: "Our Currency Is Crashing And Will Soon No Longer Be The World Standard..."
President Trump said something VERY interesting in his historic speech last night.
Many very interesting things actually.
But one thing really jumped out to me because we've been covering it here a lot.
And that is the crash of the U.S. Dollar.
Bo Polny was one of the very first people to ever talk about this, telling me on my show over 2 years ago that it would happen.
Back then people laughed.
Said Bo was crazy.
Now you have President Donald John Trump telling you point blank.
"Our currency is crashing and will soon no longer be the world standard...If you took the five worst Presidents in the history of the United States and added them up they would not have the amount of destruction Joe Biden has done...
These radical left lunatics want to… pic.twitter.com/X20GSBoF1c
— DailyNoah.com (@DailyNoahNews) April 5, 2023
As always, I never like to just leave you with a problem...
Leave you feeling helpless...
Nah, that's not what we do here.
I like to give you solutions!
And on that note I have just one question for you: "Got Gold?"
Got God's money?
Might be wise.
Gold Is About To Become "Unobtainium"?
In the history of the world, it usually hasn't been a bad idea to secure some of your assets in "God's money" a/k/a Gold.
And boy do I have a big update for you on that.
Here are two of the best, Steve Quayle and Greg Hunter.
I always love listening to these two chat, even though they got a little chippy at the end, with Quayle chipping back "Did you not just hear me?"
That's ok, stress and tensions running high.
But there was a LOT in this one and I will try to summarize a couple main points.
First, Quayle points out that China has been absolutely DUMPING U.S. Treasuries in recent months, and then accelerating the sales this week.
According to Quayle, they dumped so much this week they sold them for 15 cents on the dollar just to get out.
As Bo Polny keeps warning us, a failure of the U.S. Dollar (USD) $ is coming and this is how you get a failure.
When the second largest holder of U.S. Treasuries rage quits the market and dumps them at fire sale.
Take a look at this:
China cuts US Treasury holdings to lowest level since global financial crisis. And the sales are accelerating.
— Wall Street Silver (@WallStreetSilv) March 25, 2023
Ok, so to everyone who just tuned out when I started talking about Treasuries, let me explain to you why this matters.
DISCLAIMER: no, I am not a Financial Advisor and I'm definitely not YOUR Financial Advisor. But I am a reporter and I report it like I see it. Fair and honest.
Because the US Dollar is likely going down hard....
But that also means Gold is likely about to Moonshot.
Check this out:
Gold's new 8-Year Cycle looks to be confirmed now.
Leaving behind one hell of a sexy looking chart.
The narrative for a big bull market is certainly there. pic.twitter.com/PFv4TJ5KVS
— Bob Loukas 🗽 (@BobLoukas) March 25, 2023
I think you should get out of the banking system now. Shift your deposits into Gold, Silver or Crypto. You can't trust your Bank or the Govt. When the derivatives bubble pops no Govt will be able to print enough money to guarantee all deposits without causing hyperinflation.
— Kim Dotcom (@KimDotcom) March 25, 2023
The Hierarchy Of Money And The Case For $8,000 Gold https://t.co/52Ci27pQxZ
— zerohedge (@zerohedge) March 24, 2023
As for that last one, that would be going from $2,000/oz to $8,000/oz.
We call that a 4x move, or a 400% gain.
You can watch the full interview here on Rumble:
If you already have gold, that's great!
For everyone else....keep reading:
A Faith-Driven, Conservative Precious Metals Company You Can Use With Your IRA!
For the last year, central banks across the globe have been buying up as much gold (and often silver) as they can acquire without raising alarm bells. Now, we see why.
The recent bank runs and ongoing collapse of the U.S. banking system was anticipated by the "elites" and the central bankers who run things behind the scenes. They saw it coming and knew the best way to protect their assets was through physical precious metals.
If you've been waiting for me to bring you a solution about what YOU can do to protect yourself and you're family, I'm happy to introduce you to something I absolutely love!
I just talked about precious metals this week with Bo Polny and now I'm bringing you a solution that you can utilize right away if you're so inclined...
A faith-driven, conservative precious metals company is currently helping Americans tap into the rising precious metals market through self-directed IRAs backed by physical precious metals. And while this service is not unique to Genesis, their adherence to Biblical stewardship of money makes them singularly qualified to receive a sponsored recommendation from this site.
Unlike most companies offering similar services, Genesis deals only with physical precious metals. They do not offer "virtual" or "paper" gold or silver.
With Genesis and their depositories, customers can see and touch the precious metals that back their retirement accounts. When it comes time to take distributions, Genesis customers can cash in some or all of their precious metals or have them delivered to their door.
Central bankers aren't slowing down. In fact, nations like China and even U.S. states like Tennessee are quickly but quietly buying up gold to back their own treasuries. When the writing on the wall is this clear, it's understandable why these governments are moving quickly to get ahead of any potential economic catastrophes in store.
Working with Genesis is the best way our readers can explore the physical precious metals market through self-directed IRAs. It benefits us as well when our readers work with this America-First company.
Visit genesiswlt.com or call 866-292-0443 today.
Don't wait too long, we might have more bank failures right around the corner.
You know what has NEVER "failed"?
Gold. Precious metals. Indestructible.
There's a reason they call it "God's money".
Watch this for more: