tomneal wrote:Without the ability to use cash, 'THEY' can control your spending.
![I Agree :iagree:](./images/smilies/iagree.gif)
Whenever you hear government or financial industry promoting a "cashless society" remember this.
Return to “Banks, credit-card cos. explore tracking gun purchases”
tomneal wrote:Without the ability to use cash, 'THEY' can control your spending.
Today, the State of New York did one of the most despicable acts ever perpetrated by any state by asking New York banks, financial institutions and insurance companies to stop doing business with the gun and ammo industry.
While it may not make a difference to New York, Hornady will not knowingly allow our ammunition to be sold to the Government of the State of NY or any NY agencies. Their actions are a blatant and disgusting abuse of office and we won’t be associated with a government that acts like that. They should be ashamed.
-Steve Hornady, president of Hornady Manufacturing Company
So if 3-5 million NRA members or say 25-50% of gun owners cashed out of their banks on the same day, do you think that would get their attention?AndyC wrote:https://www.marketwatch.com/story/banks ... 2018-04-30Banks and credit-card companies are discussing ways to identify purchases of guns in their payment systems, a move that could be a prelude to restricting such transactions, according to people familiar with the talks.
My perspective, and a nasty possible counter-move to them: Pretty risky behavior for companies which are (at BEST) 3% liquid should their customers suddenly decide en masse that they want to make sure that they can actually get all of their cash from their bank.... just making the point that OUR money gives us the power because the one thing that fills bankers with terror is the prospect of a "run" on their bank. They'd do well to back off.