“Australia’s Black Economy Taskforce has come up with a list of 35 ‘consumer-focused’ proposals to crack down on cash. The taskforce blames consumers for holding cash and for not getting receipts .. Michael Andrew, the head of the taskforce, proposes nanochips in $50 and $100 notes so the government knows where the cash is. Cash will expire after a designated period of time .. On November 8, 2016, India’s Prime Minister Narendra Modi stunned the country with an announcement that 500-rupee ($7.30) and 1,000-rupee notes, which account for more than 85 percent of the money supply, would cease to be legal tender immediately .. The war on cash is moving at breakneck speed.”

War on Cash Proposals in Australia: Microchip Expiring $100 Bills, Forcing People to Keep Receipts

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