Banks getting in on the action

[strogg]

I'm going to keep my credit card account open, but not use it. They'll have to maintain the account with no income from it.

I'm doing the exact same thing. I've had the credit card open for a while with a decent credit line, so closing it will considerably impact my credit score. May as well have them deal with an open account with no income while helping my credit score. Win-Win.

[tomneal]

Hummm...

Over the past year, I've read several articles saying we should move away from cash. 'cause criminals use cash.

India just got rid of big bills.
The 500 Euro is under attack.
The $100 US bill is under attack.

Stores / retail businesses are converting to Credit / Debit card only. No cash and no checks.

The $10,000 limit on depositing cash without IRS reporting is changing for the worse. The limit was $10,000 when mom worked at the bank in the 1960's. Now, "The Fed's" will "get you" if you make several smaller deposits (or withdrawals). Rush Limbaugh was nearly charged for withdrawals. Dennis Haster was convicted of too many withdrawals. Several family owned business have been prosecuted.
Today, $10,000 cash doesn't have the buying power it had in the 1960's (or whenever the limit was set).

A few years ago, the Feds cracked down on Payday Loan business. I think they used the same regulation on Mcmillan stocks.

In states that have 'legalized' marijuana, the businesses can't use banking services.

There seem to be a lot of forces pushing everyone (world wide) away from cash and into banking.
In the US, Banks and Regulators are beginning to abuse their authority.

Just among friends:
How do you buy guns or ammo if all transactions must be done with a credit card and banks won't accept them from 'evil' gun business?
What do you do if your current occupation gets classified as 'evil'?
What do you do if you get reclassified as 'evil'?

[Grundy1133]

Hummm...

Over the past year, I've read several articles saying we should move away from cash. 'cause criminals use cash.

India just got rid of big bills.
The 500 Euro is under attack.
The $100 US bill is under attack.

Stores / retail businesses are converting to Credit / Debit card only. No cash and no checks.

The $10,000 limit on depositing cash without IRS reporting is changing for the worse. The limit was $10,000 when mom worked at the bank in the 1960's. Now, "The Fed's" will "get you" if you make several smaller deposits (or withdrawals). Rush Limbaugh was nearly charged for withdrawals. Dennis Haster was convicted of too many withdrawals. Several family owned business have been prosecuted.
Today, $10,000 cash doesn't have the buying power it had in the 1960's (or whenever the limit was set).

A few years ago, the Feds cracked down on Payday Loan business. I think they used the same regulation on Mcmillan stocks.

In states that have 'legalized' marijuana, the businesses can't use banking services.

There seem to be a lot of forces pushing everyone (world wide) away from cash and into banking.
In the US, Banks and Regulators are beginning to abuse their authority.

Just among friends:
How do you buy guns or ammo if all transactions must be done with a credit card and banks won't accept them from 'evil' gun business?
What do you do if your current occupation gets classified as 'evil'?
What do you do if you get reclassified as 'evil'?

Hmm.... reminds me of revelation. a lot of things happening are mentioned in revelation. one world govt one world religion a cashless society... these are a few of the things that big govts are striving for that are mentioned. it kinda makes you wonder...

[Soccerdad1995]

Just among friends:
How do you buy guns or ammo if all transactions must be done with a credit card and banks won't accept them from 'evil' gun business?
What do you do if your current occupation gets classified as 'evil'?
What do you do if you get reclassified as 'evil'?

Here is an even scarier question. How would you buy anything (product or service) that the unelected banking elites do not want you to have? With no cash, even media outlets could be bankrupted by cutting off the ability of advertisers or subscribers to pay them. Big money elites will no longer need to get involved in things as mundane as buying candidates. They can just take control directly.

[Grundy1133]

Just among friends:
How do you buy guns or ammo if all transactions must be done with a credit card and banks won't accept them from 'evil' gun business?
What do you do if your current occupation gets classified as 'evil'?
What do you do if you get reclassified as 'evil'?

Here is an even scarier question. How would you buy anything (product or service) that the unelected banking elites do not want you to have? With no cash, even media outlets could be bankrupted by cutting off the ability of advertisers or subscribers to pay them. Big money elites will no longer need to get involved in things as mundane as buying candidates. They can just take control directly.

#BlackMarket

[strogg]

Just among friends:
How do you buy guns or ammo if all transactions must be done with a credit card and banks won't accept them from 'evil' gun business?
What do you do if your current occupation gets classified as 'evil'?
What do you do if you get reclassified as 'evil'?

Here is an even scarier question. How would you buy anything (product or service) that the unelected banking elites do not want you to have? With no cash, even media outlets could be bankrupted by cutting off the ability of advertisers or subscribers to pay them. Big money elites will no longer need to get involved in things as mundane as buying candidates. They can just take control directly.

#BlackMarket

Maybe it's time to start investing in Bitcoin

[Grundy1133]

Just among friends:
How do you buy guns or ammo if all transactions must be done with a credit card and banks won't accept them from 'evil' gun business?
What do you do if your current occupation gets classified as 'evil'?
What do you do if you get reclassified as 'evil'?

Here is an even scarier question. How would you buy anything (product or service) that the unelected banking elites do not want you to have? With no cash, even media outlets could be bankrupted by cutting off the ability of advertisers or subscribers to pay them. Big money elites will no longer need to get involved in things as mundane as buying candidates. They can just take control directly.

#BlackMarket

Maybe it's time to start investing in Bitcoin

I have about $150 in Ethereum and about $50 in Bitcoin. im waiting for the market to bubble again.

[Liberty]

Maybe it's time to start investing in Bitcoin

Oh No, You didn't!!!!

[Take Down Sicko]

Cashless society is not a good thing. It ushers in the mark of the beast.

[tomneal]

#BlackMarket

How would a BlackMarket work when no regular business can take cash? Paper money could end up with zero value.


Barter?
Maybe...
With Pre 1964 silver coins,
or
John Wick one ounce gold coins.

[tomneal]

Another writer from 4/16 also notices that Gun-Control folks could take advantage.

http://theweek.com/articles/766888/shou ... a-cashfree

[bblhd672]

Maybe it's time to start investing in Bitcoin

No, but yes to gold, silver and barter items. There are hundreds of things people are going to need to trade for. If the ability to pay “legally” is restricted to electronic transactions, government will have control of how you spend your bitcoins too. Not today, but they will want total control of what you have.

[Ruark]

Wow. It's hard to believe we might get to a point where you couldn't have some cash under the mattress - when there's really no such thing as "money" any more, it's just bits and bytes stored on a computer chip somewhere.

[Soccerdad1995]

Wow. It's hard to believe we might get to a point where you couldn't have some cash under the mattress - when there's really no such thing as "money" any more, it's just bits and bytes stored on a computer chip somewhere.

There really hasn't been "money" for quite a while. Just pieces of paper (actually cotton) with some writing and a signature. Pieces of paper versus bits and bytes? Not much difference there.

As far as barter, the key would be bringing it back to something that holds intrinsic value, yet can be subdivided into very small value things, too facilitate precise pricing and lower value transactions. Ammo comes to mind. A centerfire rifle cartridge in say 30.06 would have a higher value than a generic .22 LR round. A collection of ammo could serve as a useful medium of exchange, IMHO. Or we could go old school and use nails.