see my dc CB 04:06 GMT
Australia's missing $100 bills could be being stockpiled by criminals or those seeking to avoid taxes, an expert says, as momentum to axe high-denomination bills builds worldwide
and dc CB 04:27 GMT
so this is just a coincidence? They don't harve a script?
The tax strategy is known to accountants as the "double Irish, Dutch Sandwich'.
that's at least a few Boeing C-17 Globemaster IIIs full of 500Euro notes...think of the cost in jet fuel alone.
so this is just a coincidence? They don't harve a script?
By Lawrence H. Summers February 16 WashPost
I remember that when the euro was being designed in the late 1990s, I argued with my European G7 colleagues that skirmishing over seigniorage by issuing a 500 euro note was highly irresponsible and mostly would be a boon to corruption and crime.
in certain circles the 500 euro note is known as the “Bin Laden” confirms the arguments against it.
I’d guess the idea of removing existing notes is a step too far. But a moratorium on printing new high denomination notes would make the world a better place.
If Europe moved, pressure could likely be brought on others,notably Switzerland.
I confess to not being surprised that resistance within the ECB is coming out of Luxembourg, with its long and unsavory tradition of giving comfort to tax evaders, money launderers, and other proponents of bank secrecy and where 20 times as much cash is printed, relative to gross domestic, compared to other European countries.
There are 300 million AUD 100 notes and a further 600 million AUD 50 notes. Ignoring other notes and coin that's 60 billion dollars.
There are now 24 million people in Australia.
That's AUD 2,500 for everyone from 0-105.
I never carry more than AUD 200 and that's after I've been to an ATM.
The only time the average person would have more than AUD 500 I'd say is when they're paying a tradesman and avoiding GST.
There's something to be said for periodically replacing all notes in circulation and requiring a person to divulge their tax file number to avoid tax being withheld by the Reserve Bank on changeover.
dc CB 04:06:29 GMT - 02/19/2016
Your turn ---- boy U must have alot of criminals and tax evaders living in that ex-penal colony, guess it's in the genes. Repent surrender those C-notes.
_______________________________________----------------------Reading from the script that was distrubuted this year at Davos...with a "let's see how this flies with your sheeple" in the attached note ---------------Repeat the following or a variation. feel free to improvise. Down Under they chose to go for the throat...not mincing words
Australia's missing $100 bills could be being stockpiled by criminals or those seeking to avoid taxes, an expert says, as momentum to axe high-denomination bills builds worldwide.
The Reserve Bank's website says there are 300 million $100 notes in circulation.....However, the $100 bill is rarely seen.
Swinburne University adjunct professor in marketing Steve Worthington said speculation was rife $100 bills, which are rarely stocked in ATMs, were being used for tax evasion and crime.
"The RBA is printing a lot more $100 notes than are out there, so one must speculate they're either being hoarded by people to avoid paying tax or by criminals to store wealth," he said.
they want to prop up their property and stocks market with everything they can, until one day it all crumbles in front of their very own eyes...
Sydney ACC 03:01:47 GMT - 02/19/2016
John Edwards a member of the Reserve Bank board, previuosly economist for HSBC in Australia and NZ may have said too much in an interview with the WSJ.
Edwards said he would be happier with AUD/USD at 65 cents.
“The problem with leaving interest rates unchanged in Australia while other major central banks are contemplating easing is that it will risk the Australian dollar entering a damaging appreciation. We now expect 25 basis points of easing in May and 25 basis points of easing in July", Mr Edwards added.
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