Just a conspiracy theory, guys:
“The Reserve Bank of Australia will trial a digital currency in a “ring-fenced” pilot program as part of a collaborative research project into how it could be used by consumers and businesses that is set to last about a year.
Australia’s central bank has previously declared its interest in digital currency, which could be a digital equivalent of the dollar and rival privately minted cryptocurrencies, but the research project announced by the bank on Tuesday with the Digital Finance Cooperative Research Centre would focus on how such an asset could actually be used.”
This is also right after bank branches are being closed down across the country:
“Australia’s major banks will close 37 branches in coming months, with 182 staff to lose their jobs, according to the Finance Sector Union.
The Westpac Group will close 24 branches, CBA will close five and the NAB will close eight banks, the union says.
“This latest list of closures means the Big Four have closed more than 550 bank branches across Australia since January 2020,” union national secretary Julia Angrisano said.”
You can see the attempted cashless pivot coming with economic chaos right on the horizon. Just a ‘temporary’ permanent solution being piloted at the most coincidental time in history.
Record money printing the last 2.5 years has set us on course for currency destruction, especially as far as the USD is concerned. The only thing I’m genuinely interested in is Albo having another go at the $10,000 cash ban that was halted in the last parliament, not that voting matters anyhow.
I think bail-ins are also coming, it’s just a case of which Australian bank will fail first.
I’m sure this RBA ‘trial’ will only take two weeks to flatten your savings. Seeing how much of the Australian population bent over the last two years and said ‘govern me harder daddy’ they’ll welcome it with open arms.
From petrodollar to fed surveillance coin we go. Throw in your social credit/ESG score and that’s that.
But, but China!