Branches vanishing across the country.
BANK CLOSURES
Australia’s bank branches are closing all across Australia, from major cities to small regional towns.
We have recently seen the closure of 129 regional branches over the last 18 months alone, with a large portion those being issued with closure notices by the government to do so.
The latest story was a few weeks ago, with ANZ Bank announcing they will close their only branch in the remote north-west Victorian town of Robinvale — despite the hassle it will create for the non-tech savvy.
So, just how bad are things looking?
Assistant Treasurer Stephen Jones released the final report of the Regional Banking Taskforce in September, in very sneaky circumstances at 5.52 pm on a Friday evening before a long weekend.
It goes on to detail a 23 per cent decline in both regional and national branches in the four-year period leading to June 2021. Nationally, that is an ‘official’ decrease of 1,300 branches since 2017.
Since then, the trend is tipped to have increased even further over the 2022 year period (‘funnily’ not highlighted in this report that was released after June 2022).
South Australian Opposition Leader David Speirs recently told a Shadow Cabinet meeting in Naracoorte just before Christmas that “not only will country banks continue to close, but we should expect closures across cities and suburbs as well“.
“There will be no banks in 10 years’ time,” he told businessman Robert Bull who questioned the leader at the forum about the lack of bank services in Naracoorte and the wider region.
A (now closed) petition containing 5,000 signatures has asked for an immediate moratorium on regional bank closures. It also calls for a new banking inquiry, criticising the bank-stacked Regional Banking Taskforce report for underestimating the true impact.
“Private research shows regional Australia has lost 62 per cent of its banks since 1975, leaving just 1062 located mainly in clusters in larger centres. The number of towns and cities with a bank has shrunk from 1226 to 386: 575 towns that once had one or more major banks now have no form of bank at all. Another 146 towns are on the brink of complete loss of banking services, with just one major bank open.“
These moves follow the mass removal of ATMs as well. At least 2,150 terminals were removed in the recent June 2020 quarter, according to the Australian Payments Network.
The Regional Banking Taskforce report also highlights ATMs, although doesn’t give exact numbers. They do, however, highlight that it has been a 20 per cent loss since 2016.
Branch closures are not unique to Australia. In New Zealand, just under a quarter of the branches that
were operating in September 2019 were closed by March 2021, and in the UK, the number
of bank branches has roughly halved from 1986 to 2014.
It’s all part of the agenda to make everything digital, so it can be completely controlled.
CASHLESS SOCIETY
We raised the alarm on Australia’s transition to a cashless society first in 2018.
Since then, things have only continued to accelerate.
Research conducted by MyState Bank found that since the ‘pandemic outbreak’, more than two-thirds (or 68%) of Australians are using less cash in favour of contactless technology.
Australian Retailers Association Chief Executive, Paul Zahra, said COVID-19 will forever change the way Australians buy and sell goods when speaking to the media.
“We know that nearly half of Australians have decreased their use of cash when making purchases in person because of coronavirus fears around cash handling,” he said.
“We expect new habits in the way we pay will become permanent for many Australians.”
To this end, Australia is predicted to be 98 per cent cashless by 2024.
According to the 2021 annual Global Payments Report by fintech company FIS, Australia will be mostly cashless within a few years, with the research projecting only around 2 per cent of transactions in Australia will be cash by 2024, a large drop from 8.3 per cent in 2020.
With more cashless systems, comes more control:
Financial journalist Brett Scott calls this a “prison of watchable payments”.
Although, there is still time to turn things around:
Much like most things we see, ‘data’ is not a real-world model.
‘The map is not the territory’.
There are still many real-world problems and case studies that might show this is an ill-fated prediction — especially if more people begin to wake up and start using cash again.
Cash will always be king.
Let’s all ensure it stays that way, despite the gloomy outlook.
KEEP UP-TO-DATE
For more TOTT News:
Facebook — Facebook.com/TOTTNews
YouTube — YouTube.com/TOTTNews
Instagram — Instagram.com/TOTTNews
Twitter — Twitter.com/EthanTOTT
Bitchute — Bitchute.com/TOTTNews
Gab — Gab.com/TOTTNews
An agenda to push us all into the digital world, have our money controlled. I feel sorry for farmers who have no time to travel to banks, but then they are trying to get rid of the independant farmers too. Push them off the land into cities and all farms to be controlled by robots? I also feel sorry for the Australia Post small business owners who are forced to take on the load of banking therefore becoming substitute bank tellers and I bet not much profit for the time they have to put in. Would be interested to hear from those working in the small regional Australia Post outlets about that. In the meantime lets all go back to using cash, I am guilty of not doing it as much but trying to train my brain back to the way it was. Even going to the local market they use swipe the card portable machine!
Seeing as the 4 Major banks are OWNED by the same 4 Group Cabal, & The ‘Govt’ of Australia HAS/ IS long passed working for Australians @ Large, time to Start an Alternative ‘Peoples Bank’ AGAIN- Which most WERE previously anyway! Westpac, proudly Bashing their 200 year ‘Operations banner’, were the Bank of NSWales./ Bankwest – previously R& I Bank, / the Bank of Australasia – ANZ, Commonwealth Bank & Queensland Govt Savings Bank > COMMONWEALTH BANK OF AUSTRALIA>CommonwealthBank (Thanks Keating for FULL privatisation 1991-96) ANOTHER U.S. Corporation (CIK 0000008565) along with the Australian Federal Govt.- COMMONWEALTH OF AUSTRALIA (CIK 0000805157) U.S.SEC Hoover Building.
Bank & ATM ‘Closures’ are the ‘Same’ stratagems used to Rid Carbon Based Tellers from Customer Interface & UP profits! Problem/Reaction/Solution. The MAJOR Retail stores/Hardware groups/Supermarkets -ALL generally Owned by the Same Funds Or Corporates, DITTO! = Reductions in Carbon based Services as ‘Time Leverages & InCONveniences’ & Intro of MORE ‘Self Service Scanners’!
Of course THE Corporates will tell You & Me that ‘Tilly’ the Check out Person – “IS Being ‘Retrained’, as a ‘Fuel Rod inserter’ @ the Local Nuclear power Plant. Or Jimmy, who Restocked Shelves in the fixings Dept., has now been retrained as a Jet turbine engineer! That’s why they’re No longer ‘Accessible’!
The Warlocks & Witches CONference in DAVOS, Past/Present/Future, Have/Are, Collectively formulating Policy to affect ALL Life, Science ( Sorry CONsendSUSS = LOL) & Commerce on this 3rd rock from the Sun, including Exacerbating it’s Species existence, USING the Belief/Mind set Hypothesis, that It’s Possible to send a Nude Wombat to Mars using an Electric golf buggy – With a Canopy of Course, & Solar panels, & an Esky for your Bug Protein Bars!!
NEW BANKING FOR A NEW AGE – FOR REAL PEOPLE, and the Rest of them, Govt Inclusive, can just get QUEEN MABbed (Merlin Myth)!
Shopping (With in reason) CASH ONLY! IT IS ‘LEGAL TENDER’ & CANNOT BE REFUSED!
Wellness as Usual.
Thanks for the info on banks. I use Bendigo bank, are they evil too? I am now ditching self-service,and enjoying conversation with the check-out people again. Bonus they pack your shopping into the bags for free! Working on using cash more again. Thanks for the laugh about the nude wombat and his esky full of bug protein bars. Keeping well is simply about keeping away from the packaged imitation food and eating real food. Grow a garden, enjoying my small amount of produce and working on expanding my little rented backyard patch.
I went into the Great Sourhern Bank, formally CUA and the young woman thanked me fof making a withdrawal inside instead of the ATM. She said it keeps her in a job
I used to enjoy getting my money out at the Gympie branch and having a chat with the friendly staff, but they closed it a couple of years ago. The nearest GSB branch is in Maryborough now, an hours drive. Now I have no choice but to use the Westpac ATM to withdraw and the post office to deposit. Pisses me off!
Clearly part of the NWO global feudal/fascist state agenda. That’s why Morrison got rid of Christine Holgate, who was pushing hard for Australia Post to take over regional banking, and to be paid appropriately by “the big four” to do it. The Citizens Party (linked to the US La Rouche movement) has been doing a very good job pushing for this.
Talking of banks/money, has anyone else noticed that the newer $20 notes (at least those featuring the Rev John Flynn) no longer have the sinister shadow figure (torso and head), with numbers (which refer to the system used to identify where the injury/problem was located, using the pedal-radios)?
On the older ones, the numbers are arranged with 7 8 9 at the base, then 4 5 6 above this, with a 2 placed centrally on the upper chest. For those interested in freemasonic gematria/numerology:
789 – 456 = 333, then x 2 = 666.
Coincidence? I don’t think so. The numbers 1 and 3 do not appear, as they would not fit with the above demonic equation. Childish…or a sinister satanic ploy to denigrate/degrade the achievements of a strong Christian? So satan can sully the great work of Flynn, and whenever you handle one of these notes, the devil is right there with you. Looks like there is a satanist or two in the bowels of the Reserve Bank. And why has the shadow figure been dropped? Now there is a “Covi” peeping out from behind a sort of oblong globe in the top RH corner next to “20 20 20”. Were too many people raising questions? Or does this latest cryptic diagram represent the next step toward the NWO? The individuals behind this garbage are seriously psychopathic/sick. Whatever, the proposed cashless society/CBDC will be a whole lot more demonic than cash featuring a satanic figure or even a Covi with a triple 20!
Wow that is interesting observations Graham, well done for spotting in. Yes the evil cabal devil worshippers are at work in all corners. We have to fight it with love by everyone else uniting, that is why they keep trying to divide us. I for one did not stop visiting my mum during lockdowns.How crazy was that?
Well done Lin…and I told them what they could do with their fake Covid PCR test…and it WASN’T to shove the swab up any orifice of MINE! Non-compliance is the key to dealing with these global-parasite scum and their quisling footsoldiers…but the bulk of people are too timid and cowardly to do this.
Exactly, I am not one to like going against the grain, but I certainly don’t like being told what to do, especially about my health, I am very healthy due to my own reasons not any doctor or anyone who is not qualified to tell me either. I never wore a mask, never took any tests and was happy even my mum refused when she got the flu or whatever it was, she stayed home and took care of herself .And I never got sick! All the swabs and blue/pink masks all have toxic chemicals in them too. Why are they even blue and pink? .BTW have watched you speak at times online and admire your bravery and sticking to what you believe in. Lets keep fighting by not complying and ignoring the fear mongering, never ends on MSM.