No More Cash Purchases for YOU

[JohnyMac]

I ran across this little tidbit this morning on Zero Hedge. How long before we see it in ALL EU countries and than making sil across the pond I wonder.

Fighting The "War on Terror" By Banning Cash - Tyler Durden

It was just a matter of time before Western governments used the trumped up "War on Terror" as an excuse to drastically ratchet up the very real war on the use of cash and personal privacy that they are waging against their own citizens.

Taking advantage of public anxiety in the wake of the attacks on Charlie Hebdo and a Jewish supermarket, France has taken the first step.  It seems the terrorists involved partially financed these attacks by cash, as well as by consumer loans and the sale of counterfeit goods. What a shockeroo!

[Nemo]

Just remember, its for your own protection.  And think of the children.

Nemo

[JoJo]

Pretty soon you will have to give all of your money to the government and they will say what you can buy

[DMCakhunter]

http://visiontoamerica.com/21398/feds-urge-banks-to-call-cops-on-customers-who-withdraw-5000-or-more

EDIT:  Fixed link. ~ s-k

[JohnyMac]

But why? What are "they" looking for? It's none of "their" business what I do with my money.

[special-k]

But why? What are "they" looking for? It's none of "their" business what I do with my money.

It's really quite simple... They're probing for "terrorists", a.k.a. people who refuse to be harassed into submission.

[Nemo]

and trying to make sure income equality goes into effect.  And to make sure no one feels discriminated against and everything is politically correct, everyone will start wearing jeans and red cotton shirts.  You can get them at the local government supply store.  Where you get everything.  And surrender everything else there for recycling also.

Nemo

[JohnyMac]

I had an interesting experience at our local bank near the Redoubt recently.

MrsMac and I had sold some bonds from our retirement. It had snowed three days straight so rather than drive 45 miles through the snow to the bank that we do 90% of our business through, I took the check to my local bank. Well the young teller went NUTZ!

She looked at the check then me. Then back at the check and then me. She then asked for ID. I told her "no" and I just stared at her.

She excused herself and walked over to the head teller who looked at the check and then at me and then called the bank manager.

The bank manager came out of her office and went behind the tellers counter. There was a short discussion between the three ladies. The bank manager looked at the check then at me. So I walked over to this little ad hoc committee of three and asked, "what's up?" I contunued, "If it wasn't for the snow I would have deposited the check in my regular bank - So what gives?"

The bank manager assured me that nothing was wrong only that I would not be able to withdraw any of the funds for 7-10 business days. I said, "yeah Ok...So what's the problem?"

All three just starred at me and I asked, "AND?" I was a bit loud and it seemed to jar them from their stare.

My first teller and I walked back to our window and she proceeded to lecture me that the money would not be available for 7-10 business days. "Yeah I got that" I told her. She then went and printed something that she wanted me to fill out.

I explained to her that I didn't have the time to fill out any paperwork and if the bank would like me to close my account I will do so PRONTO.

She told me that I didn't need to fill out the paperwork now I could take it, fill it out at my leisure and return it later.

I took the paperwork (What ever it was) ripped it up in front of her. Thanked her. Turned on by heels and on the way out of the bank deposited the ripped up paperwork in the trash can.

By the way...All of the moneys deposited was available in three business days.  What was that all about?

Post Script: I went into my local bank to deposit a check that my brother had sent me for a purchase I made for him. Wouldn't you know it, I got my favorite teller AGAIN! She was so nervous that she screwed up the printing of my receipt several times. I smiled, thanked her and went on my way. I think she has the hots for me   


 

[graynomad]

Well as long as it's for fighting terrorism and it makes the children safe it gets my vote 

I think there's a real push by the arseholes at the top to get rid of cash, once everything has to go through the system they have got you by the balls and can turn of your supply at any time for any reason.

I'm in the process of getting what money I have out of the system, I think I feel a gambling addiction coming on, it's amazing how much cash you can lose at the track.

Of course if they ban cash entirely you are screwed as the $100k you have under the mattress is worthless, and they could ban private ownership of PMs as well so buying gold may not help.

Maybe I'll just buy tools and food, surely they can't ban that as well.

And going cashless is all very well, but two days ago I went into town and the internet was down, nobody could sell anything unless you had cash (which I did), half the shops just closed for the day. Good luck with a totally cashless society where your entire wealth and even your identity is nothing but a few electrons on a computer. We're already there in many ways, some more than others.

[JohnyMac]

To your point Graynomad, because there is a 60% inflation rate in Russia right now, folks there are buying hard goods like mad.

How it will all go down is we will have a hyper inflation period and then they will do what you say...Ban cash and try to pull back PM's all for YOUR & My Safety and for the children. ;-)

[Nemo]

In context here, what is the "pull back PMs"?  I am missing out on something.

Nemo

[JohnyMac]

Precious metals.

Executive Order 6102

[gadget99]

Yep.... This is a pretty good indicator that things might get a bit difficult in the near to mid future.

Here in the UK they are not pushing hard against cash... Yet.

[DMCakhunter]

Banks have always been watching the frequency of and the $ amount of cash transactions. It started off with illicit trades (tax evasion, alcohol, tobacco & drugs) years ago and they have added other reasons to it over the years. Money laundering, counterfitting, criminal elements, bribes and the list goes on. The written rule is transactions of $5,000 or more but the unwritten rule is $3,000 or higher will draw scrutiny. There is a lot of money that legal & illegals wire home to Mexico (and other countries) every week and that is watched very closely. Again with a paper trail.
We have all become accustomed to paying with plastic and there is a paper trail with that. Lots of people/companies/agencies track everyone's shopping habits and patterns. Could be used for marketing or profiling a criminal, depends on who is looking at it. Very hard to track cash transactions unless someone deposits a large or very large amount of cash at one time instead of spreading it out over time to not draw any scrutiny.
I think cash will be around for a long time to come, unless the country goes bankrupt and declares a new currency  , which would make the old currency toilet paper.

[Erick]

This is why we need to make as many cash withdrawal ( and later deposits) as possible.

This creates white noise in the data that our real transactions can hide under.
Desensitize the watchers eventually.

Might it cause us trouble?
Absolutely, but if all Americans did that it wouldn't.

[JohnyMac]

You are 100% correct Erick.

With that said, isn't it a sad state of affairs that we now have to do that in America.

[brat]

isn't it a sad state of affairs that we now have to do that in America

Man, depending on how far back you wanna take it, there's more to add to that list than this forum has pages.