Putting RFID chips in $100 bills is not about stopping crime or even hoarding, or as it used to be called - saving. There are some genuinely evil reasons for doing this as you will see.


According to Michael Andrew, the head of the Federal Government’s Black Economy Taskforce, Australia is considering putting RFID chips in it's $100 bills so they can be traced. This will cut down on the cash economy, valued at $40 billion a year, and which is costing the government $10 billion in revenue while incurring a welfare liability of $3 billion. That welfare liability comes from pensioners keeping cash in their homes to lower their assets to qualify for the pension, according to Government spin. But of course you know better than to believe anything the Government tells you.

Why the Reserve Bank is lying to you


Pensioners can have $375,000 in assets if they own their home or $575,000 if they do not. So how much is the Reserve Bank saying people are hiding under their bed to get under the means test - $50,000? $100,000? Why have we not heard about the crime wave as bad guys break into every pensioners home in search of this cash stash? Because it is not true. Pensioners usually keep a few hundred or even a few thousand dollars in the house for emergencies and because they rightly do not trust the banks. Across Australia's 2 million pensioners this is probably $10 - $20 billion for sure. But it is not costing the Government anything because it does not affect the assets test, and it is not causing a Social Security over-payment, these small amounts do not affect pension entitlement. So forget that $10 billion in lost taxation & $3 billion in social security overpayments. 

But I will tell you who wants those billions in their pockets - the Banks. What a lovely liquidity injection. What a lovely source of free cash to make even more profit on.

Tax Evasion

By definition the cash economy is a low paid economy. It is casual and itinerant labour. The Government is calculating income tax at 25% on this money ($10 billion lost tax on $40 billion cash). 

To actually be paying 25% tax on total income that itinerant labourer would have to be earning $100,000 pa

The taxation owing on these small cash payments is more likely in the millions than billions. GST is not relevant - these workers spend every cent they have, which means they are paying their fair share of GST. So it is hard to see where this figure of $10 billion in lost taxation comes from except out of their arse to cover up the real reason for this proposal. 

They will need your phone to spy on you for this to work

RFID chips that would fit a banknote do not have their own power, they react to an electrical field pointed at them. So for the Government to actually succeed in detecting cash stashes, they would need something within a few metres of your cash stash. Like your phone. The only way this works is to add software to your phone that allows the Government to scan your home for cash as you walk around. No doubt given the collusion of banks this will be hidden in the terms and conditions you agree to in your next banking app "update".

Let me put this another way:

The Government, or any third party, can get your phone to tell them how much money you have in the house.

Rather than stopping crime it will CAUSE violent crime

We know actual criminals will find a way around this, a metal suit case is all it takes. Yep. That simple. Metal blocks RFID. So criminals are having a good laugh right now. But here is where it gets serious. How easy is it for a third party to add that same software to their free app and suddenly you are sending people information that is worth money to criminals - I hear Silk Road is positively abuzz with the possibilities for this new marketplace - a list of names & addresses and how much they have in the house in cold hard cash. By reading your phone they can also tell if you are in or out. What a wonderful time saving device for organised crime.

What about street thugs? All they need is software on their phone and George Street turns into an ATM. No guessing who has cash in their pockets, they can scan the crowd and pick on the smallest person with largest cash. APEX will love this. 

The Reserve Bank will quite literally get people killed.

Why Big Data is behind this

Michael Andrew's experience as Global Chairman of the big accounting firm KPMG is significant.

Quick Background: In the movie "The Minority Report" Tom Cruise is running through a shopping centre and the advertising screens keep showing advertising based on his previous purchases and with his name on it to get his attention & make him feel "special". Same deal here. That technology has been available to retail stores in Australia for 5+ years. It does not get used because the Government is cold on the idea and the public are not ready. Yet.

Now enter Big Data. These advertising screens read oncoming RFID chips in the person's phone or passport. Then they can poll the server, make a match to name and purchase profile. Then Big Data sells that profile back to the retailer. In turn the retailer matches that profile to available advertising options within the centre, then takes a peek at the money in the persons' wallet by reading the chip on their notes, then selects targeted advertising matched to the person's probable spending ability & visit intent. All this in the time it takes for the target to walk 2 steps towards the screen.

That is Big Data. We can do this now. 

Big Data can do this now based on your purchase history - even if you pay in cash. That is the point of loyalty cards - this is why all retailers have them even though they do not seem to give you much benefit. The benefit is all to the retailer. What they do is send your purchase history by line item back to the retailer every time you swipe the card. They sell that data to Big Data. That profile will include if you have kids (deduced because you bought nappies) older kids (milo, fruit roll ups - there is an algorithm for pulling kids ages & gender out of grocery purchases), elderly (denture cement, dependz) home office (copying paper or printer ink) pets (dog food well that wks for pensioners as well these days) and so it goes.

So when you fire up your computer you see advertising for kids health insurance and the latest Groupon offer on a pet bed and you think "I didn't even search on that how did they know". Well they know because you bought dog food and the supermarket sold that to Big Data who matched you to your known devices - home computer, phone etc

Now back to chips in bank notes. 

Chips on bank notes is Big Data moving from 2D data to 3D data

Westpac have just upgraded ATMs to dispense only $50 and $100. Poor people are not welcome at Westpac apparently. The Reserve Bank works for the Big 4 Banks, the banks know what is coming down the pike because they told the Reserve Bank to do it.

In this case the deal is this. When you get money out of the ATM they read the RFID chip in the note and record that against your personal account. That is information they can sell for profit: that note belonged to Joe Brown, withdrawn from this ATM at this date and time. Then Big Data can do something they have never been able to do before. Follow the money. Follow that bank note through it's day. Where did it go, what is the flow of money in a specific catchment. They can now control for variables that have created a massive weakness in their models until now - for the first time ever they KNOW that person has the money on them to spend. The possibilities for behavioural modelling by Big Data are endless. 

It also closes the loop. If you drew out $100 and bought a pizza, even if the pizza place was not playing with Big Data, when they bank that note the bank will know it was you. Before that purchase was anonymous. So now you lose that bit more privacy and Big Data has an extra entry in your profile - likes pizza. The next time you are walking through the mall around lunchtime they can show you an add for Dominos lunchtime pizza and drink deal. Too easy.

Big Government loves this idea

If you walk past an RFID reader and it reads that you have say $300 on you, and your profile includes you are on the dole and your payment day was 2 weeks ago, what is Big Data going to do with that information? Sell it to the Government of course. If a person is cheating on the dole then sure they deserve to be caught, but how many innocent people will be dragged into Centrelink with a please explain? They can't catch Mega Corps ripping taxpayers off for billions but you can bet they will nail Joe Blow to the wall for not declaring his income from mowing a few lawns.

What happens if you walk past with $1000? Will the Police kick your door in suspecting "proceeds of crime". Overly dramatic? What happens if you had a conviction for dishonesty 10 years ago? 5 years ago? Your son was caught with weed a few months ago, now is that $1000 significant to the Police?

The role of the UN in this move

Michael Andrew is a Globalist, his service to the cause includes:

  • International Business Council of the World Economic Forum, Member;
  • United Nations Global Compact for the Environment; Steering Committee Member

We also know that the United Nations is conducting a war on cash. This is a perfect way to do that. Chipping bank notes creates a situation where decent Australians will be scared to carry large notes and scared to store cash outside of the approved banking system. We lose and Michael Andrew and his corporate cronies win.

Good job. 


News Limited



Dept Social Security