Adventure Ausrama Blog

Experts have predicted that Australia will be cashless by 2022. Even Singapore which planned a cashless society cannot do it completely. Non-cash buying has reached 69 per cent. It has remained there. People love money and sometimes they want to see it. If you take it away they will lose confidence in the currency. This is just common sense. Has Singapore made major steps? Note, the world average for electronic purchasing is 66 percent of consumer spending. A pitiful 3 per cent is not a big step! While 79 per cent of Australians say that using mobile phones to make payments will be standard, most still have some cash in their pocket. What they say and what they do is not the same thing. Purchasing electronically, then going to pick it up will be the norm say 81 per cent. Unfortunately, this is not sustainable. Most pre-purchasers go out to physical shops to view what they intend to buy, looking at variants and price. If four fifths of the population actually did p...

Bank staff are to be allowed to monitor the bank accounts of the elderly to see if relatives, friends and carers are stealing money. At first glance this may well seems to be a good thing. However, banks staff swear to keep all bank information private. Instant dismissal is the penalty for telling others about a customer's financial status. The thought of bank staff having the authority to pass on private information to government is frightening and will, no doubt, be challenged in court. Of course people with dementia will have someone managing their bank account. Reporting a carer just because a customer is permanently incapacitated is stupid. You don't need special training to see someone has decreased capacity to manage their own affairs. Smart Sparrow's who are developing the app to do this are wasting their time. Society will not accept bank tellers snooping into their affairs. It will not be allowed. Tremendous damage will be done to families on me...

"When did your missus throw you out ?"   ✿   Funny Animal Pictures by Ty Buchanan  http://www.adventure--australia.blogspot.com/ http://www.tysaustralia.blogspot.com/ http://adventure--australia.blogspot.com/atom.xml . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Vista Computer Solutions Blog        Australian Blog ★                          ALL BLOG ARTICLES · ──► ( BLOG HOME PAGE)

"What do you mean we've got to feed you?" 🐎 Funny Animal Photos by Ty Buchanan 🐬 http://www.adventure--australia.blogspot.com/ http://www.tysaustralia.blogspot.com/ http://adventure--australia.blogspot.com/atom.xml . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Vista Computer Solutions Blog        Australian Blog ★                          ALL BLOG ARTICLES · ──► ( BLOG HOME PAGE) Share Article

Everyone is in debt. That seems to be the case. But if we all owe money to whom are we indebted? Who are these fat cats who spend their days on the beach having cool drinks brought to them while they while away the time sunbathing? If truth be known the money does not actually exist. It has been created in the books of independent and national banks. In centuries passed the local blacksmith acted as the bank. Gold, silver and promissory notes were left in his safe. He soon became aware that the "goods" left for safe keeping would not be taken out by the owner for a very long time, if ever. For storing the valuable minerals and promissory notes he gave promissory notes in return. This meant that he could create money. He could also give loans, a large part of which would return directly back because the debtor opened a new account. When large private banks started, governments gave an assurance that a run on an institution would be protected by public money. We have see...

Though banks are now more cautious with their lending, National Australia Bank CEO Cameron Clyne says the community blames the banks for the economic crisis and rightly so too. Banks have kept their operations very secret while they risked investors money by loaning out money to potential defaulters. He says banks should be more open about their interest rate tables and fees. Investors in the community are hit all the time by getting lower interest than they believe they will get, and being hit by fees without being informed why. Fees in particular have technical wording rather than "real life" wording. In short, he says people believe that banks are robbing bastards. He further warns that banks will increase interest charged on loans or keep them the same despite the central bank lowering rates. People will see this as plain robbery. They will call for government intervention. Economics by Ty Buchanan http://www.adventure--australia.blogspot.com/ http://www.tysaustralia...

There is no way that Australia can prevent the extinction of some native animal species. Some can  be preserved with a national gene bank. Though a seed bank has already been set up to save native flora, nothing is planned for fauna. Present debate is centered on the loss of the northern and southern gastric brooding frog. If a gene bank had existed the frog would have been preserved. Australia has the worst record of native animals going extinct than anywhere else, not something to be proud of. Over 40 birds and mammals have disappeared since European settlement. Because government has been slow in allocating resources, private organizations have started gene banks. Indeed Taronga Conservation society Australia has stored genes from 20 native animals. This is far from adequate. Over 2,000 species need preservation. With the Taronga Conservation Society Australia, the Animal Gene Storage and Resource Centre of Australia at Monash University has a total of 100 endangere...

Banks are to significantly cut the return on money invested. This is not surprising considering the Reserve Bank of Australia (RBA) is cutting interest rates. As the banks follow the RBA down, which they are not obliged to do, they must cut outgoings on term deposits for example. Considering banks make 60 per cent of their funds from various savings products, it is no wonder cutting what they pay out is on the horizon. If rates fall much lower people will be drawing out their savings and hiding their "loot" under the bed. Customers are borrowing less because the bar for loans has been pushed too high. Well, perhaps that is a good thing. Australians were condemned for not saving enough; now they are criticized for not borrowing enough. With an election date already set the government will push for full RBA flow - ons in the popular media. This does not look good for retirees who rely on money put aside in investments for their retirement. Money is getting cheaper in ...

Is a bank tax the same as the Australian minerals tax? Mining companies are playing a dirty game by paying Olympic stars good money to say the mining tax is bad for the country. There isn't much doubt that such a tax is tremendously beneficial to the Australian economy. This is because other countries will quickly follow suit and bring in their own mining tax. Olympians who go for the money will soon lose support of the community. This has happened in the past when celebrities let their political leanings been known. Straight away half the population doesn't like them anymore. If you belong to the public there are certain things you should keep to yourself. People have long memories. Not much is being said about the new bank tax proposed by European countries. However, this is much like the Australian minerals tax. There are dangers there for European countries. If the US doesn't bring in a similar tax, banks will re-register there to avoid paying the tax. Perhaps that is w...

Some people are extremely arrogant. In the present economic downturn it is not the poor who believe that the world owes them a living. Like many banks who continue to pay their executives high salaries despite accepting money from government, some wealthy people expect to live the high life at someone else's expense. Karin Upton Baker (her double barrelled name should give her away for a start) expects companies she has borrowed money from to leave her alone and let her live well despite owing them $18 million. In court she is saying that the claim against her is "unjust". She says that she did not read the contracts. Furthermore, she lied to financiers telling them that she had taken legal advice before signing the documents. Assuming that companies will leave her with the five apartments, living in them and collecting rent, is a bit much when you consider she hasn't paid any moneys back since July last year. Despite earning $7,000 a week she claims she cannot to af...