Banks Quickly Abolishing Your Ability to Use & Store Cash
BY DAMON GELLER
Many
responsible citizens believe in paying with cash and storing their cash
at home, in a bank, or in a safety deposit box. But banks &
governments have suddenly become hell-bent on abolishing your use and
storage of cash, by restricting the ways you can spend & deposit
your U.S. dollars, and reporting countless cash transactions to the
police & government. The question is, why? The frightening fact is,
our government has recently instituted numerous programs to track your
financial accounts anywhere in the world, but tracking cash is much
harder. In addition, our government aggressively pursues numerous
programs to confiscate citizen savings & wealth without due process,
and it’s much easier to confiscate digital accounts. Thus, cash has
become a huge target. So you better act now to move your savings &
wealth out of cash and financial accounts, and into private physical
assets like gold & silver, before you have nothing left to protect.
The Bankers’ War on Cash
When
JPMorgan Chase recently informed customers that the bank will no longer
allow cash to be stored in safety deposit boxes, it capped off a
frightening trend in banker restrictions on cash usage & storage
internationally:
- Citi’s Willem Buiter recently advocated abolishing cash altogether in order to “solve the world’s central banks’ problem with negative interest rates.”
- Chase instituted a new policy which “restricts borrowers from using cash to make payments on credit cards, mortgages, equity lines, and auto loans.”
- The Justice Department has ordered bank employees to consider calling the police on customers who withdraw $5,000 dollars or more.
- HSBC is now interrogating its account holders in the UK on how they earn and spend their money as well as restricting cash withdrawals for customers.
- Banks in the U.S. are making it harder for customers to withdraw and deposit cash, with Chase imposing new capital controls that mandate identification for cash deposits and ban cash being deposited into another person’s account.
- Chase banned international wire transfers while restricting cash activity for business customers (both deposits and withdrawals).
- The French government announced it will restrict French citizens from making cash payments over €1,000 euros.
Why the War on Cash?
At
the very least, banks imposing restrictions on the use of cash amounts
to an attack on anonymity and an example of how financial institutions
are positioning themselves to handle the fallout of the next economic
crash – at the expense of customers. But it goes even deep than that.
Consider the lengths to which our government has gone to track your
money worldwide, and the extent to which they have confiscated citizen
savings without due process of law.
As
the U.S. spirals toward insolvency due to massive over-spending and Fed
money-printing, the U.S. government is pulling out all the stops to
gain access to your money – no matter where it is across the globe.
First, the government started seizing citizen bank accounts with no due
process. Then, the Department of Justice and local police started
seizing cash from innocent citizens. Now, the IRS threatens foreign
nations and financial institutions across the globe to turn over your
private data and financial accounts, with the threat of financial
warfare if they don’t comply. They’re even threatening our very allies,
despite the fact that they have no authority whatsoever over foreign
nations!
So
in short, if our government is going to these lengths to track down
your money and even confiscate citizen savings without due process,
isn’t it much easier to track and control digital accounts than cash?
Yes. So how does the government remedy this challenge? Join the banks in
a war against cash.
Convert Your Savings into Gold & Silver
Yes,
we’re all required by law to report our income and pay our taxes. But
that doesn’t give the government & banks the authority to track
every financial move we make and restrict our usage and storage of cash.
These moves reek of absolute desperation on the part of the government
& banks. And they have every reason to be desperate. Our national
debt has reached the breaking point, and banks are once again gambling
trillions on the outrageous derivatives that took down the global
economy in 2008. And our entire financial system hangs in the balance.
So
do you want to remain vulnerable to the whims of government &
banks, or do you want to fully protect your savings & retirement? To
get true protection, there’s one asset class that sits outside the
system, is completely private, and cannot be tracked and controlled by
the government or banks: physical gold & silver.
Physical
gold & silver have been the world’s greatest wealth protectors for
over 5,000 years, shielding citizens from government & banking
collapse during the worst crises in history. And physical gold &
silver cannot be instantly seized with the stroke of a keyboard. So
invest in gold & silver now, before you have nothing left to
protect.
(Call
(800) 226-8106 to receive your free copy of Damon Geller’s popular
book, “Defend Your Money against Gov't Confiscation,” or fill in the
form below)
Begin forwarded message:From: Jan
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