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RE: Australias Cash Ban : Rising Authoritarianism in the Land of Plenty

in #politics5 years ago

You make a really valid point. When I saw this mention on abc24 my immediate thought was "oh yeah, they're trying to monitor where all the money is going."

I also noticed after we had the royal commission a lot of places check back statements for loans and will immediately decline a loan if the statements has payments to Afterpay. The story was on Afterpay but I assume that goes for the other "payday loan" style businesses.

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Monitor AND control. It is quite sad to see that we had a royal commission this year and the banks are becoming more powerful than ever.