https://ainsliebullion.com.au/News-Resources/Article/CommBank-Asks-About-Cash-at-Home/ID/7722

Banks being "incentivised" to demand details on home cash holdings, on pain of account freezing.

Ignore the last paragraph about metals, that's the source's self-interest.

AUSTRAC actually keeps a very tight grip on private bullion holdings - see Banking Act 1959 and Anti-Money Laundering and Counter-Terrorism Financing Act 2006. In case govt "needs" your money - open and explicit in Banking Act. This has been progressively extended to cash and cash-equivalents.

This is why EVERYBODY needs to buy p2p / no-KYC and maintain good OPSEC, even if it costs more. #Bitcoin, metals, and now even cash.

Your government is deciding when to break open the piggy-bank. You are the piggy-bank.

No, they don't fear your reaction, and no, they don't care about the long-term implications of deincentivising productivity. They will be playing golf in Florida by then, just like most of our ex-PMs.

#banking #prepping #forfeiture #cash #gold #kyc