Cash No Good At Chase Bank As We Head to a Cash-less Society Paving the Way to a Financial Transactions Tax

All currency will one day be digital. Ones and zeros in the cloud. It could take us back to bartering or it could take us to a place where cash is no good, in fact outlawed and so every single financial transaction you engage in (mortgage payment, car loan, paying your bills online or with your smartphone, gas purchases, credit & debit card use) ~everything is digital and therefore easily taxable.

Courtesy of Armstrong Economics

Courtesy of Armstrong Economics

According to ZeroHedge.com Chase, the country’s largest bank has enacted a policy restricting the use of cash in selected markets; bans cash payments for credit cards, mortgages, and auto loans; and disallows the storage of “any cash or coins” in safe deposit boxes. And since banks now consider the contents of safety deposit boxes unsecured collateral, if you put cash or coins in SDBs they can/will legally confiscate it. This legalized robbery is embraced by the New World Order.

What’s wrong with cash? Well it’s hard to track. Banning cash will make it harder for criminals and terrorists to carry out their nefarious deeds, but really it’s us they want to keep track of. If there’s a receipt for everything you do, there’s no doubt about what you are doing. It’s another way for big government to have more control over us and extract more of our hard head earned money.

The other thing is as banks go more and more to negative interest rates fewer people will keep their money in banks. If they can’t charge you to keep your money in the bank and you go back to the mattress, well they’ll just outlaw cash. Then they’ll extract their pound of flesh in transaction fees. And if there’s no cash in banks there cannot be a bank run like in the 1930s and there cannot be back robberies.

And what happens when there’s an unexpected (or planned) electromagnetic pulse or a solar flare wiping out all things digital? Well, then we’re all equal. No more inequality!

Help pass liberty on to the next generation.

Aloha, Mikie ~just a blogger (fightin’ like a girl)

~Psst, tired of politics? Check out Travel in the Categories drop down menu (right side panel) for my blogs posted from interesting locations during my travel adventures.

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