the daily stirrer

War On Cash Begins, It Is Not About Keeping You Or Your Money Safe From Muggers

by Ed Butt
Government and big busin.ess has been nudging us towards abandoning cash for electronic money for a long time. Now the Frech government has become the first to move towards making cash illegal (because government can't keep tabs on what you do with your money when cash passes from hand to hand.
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War On Cash Begins, It Is Not About Keeping you Safe From Muggers

by Ed Butt

cash

The war on cash has moved up a gear with news this week that the French Government has made it illegal to send cash in the form of paper money or coin, and precious metals by mail. The ban covers not just the regular mail service but insured and registered packages.

You may have noticed a push by governments in collaboration with banks and big business to force us to do all out business electronically in some way. We're not just talking online shopping here, every electronic transaction leaves a data trail that organizations with the resources of Google, the big banks or the NSA / GCHQ data centres can easily track. It is still possible to use cash for most transactions but getting more difficult.

When news of the US Government's vast electronic surveillance of citizens activities both internally and cross border broke this week it was disappointing to see civil liberties charities shrug and say, "so what, it is no threat to liberty?" (not surprising however when you consider these organizations are charities in name only, what we in the UK call QUANGOS, Quasi Autonomous Non Governmental Organizations - they rely for income on government controlled funds.

Did you ever play join the dots games as a child? Or play with your kids maybe? Put lines between the dots and a big picture emerges. That's what we have to do.

Yes it's true that the government cannot listen to all our phone calls or read our emails, but it is very easy to build a picture of our activities from what they can collect - provided they can collect that data on everything we do. Now people who think they are Information technology experts have been falling over themselves to assure everyone cellphone metadata (collected by US and European governments) is harmless. Erm, it's not quite the same as metadata you might have seen in the 'head' section of an html page.

The metadata for a telephone call contains calling line information like caller's name and number, billing information and account details, enough in fact to get a smart hacker into your account on the service providers system. From there they can access bank details and much more.

Ever had a conversation with a call center clerk who you've never met or spoken to but who knows a lot of personal details about you? That stuff is all called up from the database along with your entire transaction record the moment your calling line information hits the receive port on the call handling system. It's fifteen years since I was setting up these things on MITEL and Eriksson systems linked to Unix data servers, technology has become more not less sophisticated since then. People who can gather call metadata can learn a lot more about you than you want them to.

So armed with that knowledge, see what you make of the French ban on cash by mail. Here's a snippet from the story:

'It was not announced by the government and not covered in the media. There were no communications and nobody in the government justified or explained this decision.

The legislation says that “the insertion of banknotes, coins and precious metals is prohibited in mailings, including the insured items, registered items and items subject to formalities certifying deposition and distribution. "

Some have suggested that the decree is to limit what is known in France as “the anonymous market”, the market in which no taxes are paid and people are free to trade without the supervision of banks and government.'

Read more on that story: (the original source Gold Core is a very technical page for precious metal traders, there's a lot of trade info to be ploughed through to find the France cash report.)

It is truly war on cash. The French government is ahead here but things Barack Obama and David Cameron have spoken of in recent weeks suggest the USA and Britain are not far behind. Think it through, with the technology that exists, they only thing that can prevent governments and their corporate partners tracking every transaction you make is cash passing from hand to hand, no electronic data transfer, no paper trail, no questions asked.

Protect you liberty, use cash where you can, while you can. And then barter.

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JPMorgan Chase BANS Storage of Cash in its Safety Deposit Boxes

Some JPMorgan Chase customers are receiving letters informing them that the bank will no longer allow cash to be stored in safety deposit boxes.

The content of a post over on the Collectors Universe message board suggests that we may be about to see a resurgence of the old fashioned method of stuffing bank notes under the mattress.

My mother has a SDB at a Chase branch with one of my siblings as co-signers. Last week they got a letter outlining a number of changes to the lease agreement, including this:

“Contents of the box: You agree not to store any cash or coins other than those found to have a collectible value.”

Another change is that signatures will no longer be accepted to access the box. The next time they go in they have to bring two forms of ID and they will be issued a four-digit pin number that will be used to access the box then and in the future.

The letter, entitled “Updated Safe Deposit Box Lease Agreement,” was sent out to customers at the beginning of the month.

“Hide your wallets, the banksters are on the move,” warns the Economic Policy Journal.

As of last month, Chase has also instituted a new policy which, “restricts borrowers from using cash to make payments on credit cards, mortgages, equity lines, and auto loans,” writes Professor Joseph Salerno of the Mises Institute.

The news arrives on the back of comments by Citi’s Willem Buiter, who recently advocated abolishing cash altogether in order to “solve the world’s central banks’ problem with negative interest rates”.

Read full report at The Daily Sheeple

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Cashless Society: The Spy In Your Wallet

Back In 1971 Libertarians Were Predicting Debit Cards Would Become A Spy Tool For Authoritarian Governments. In 2013 The Wall Street Journal reported that the Naional Security Agency (NSA) was monitoring the card transactions of American citizens. Following that, two Senators, Wyden and Udall – who both sit on the Senate Intelligence Committee and thus have access to classified information about the government’s digital snooping intelligenece gathering programs wrote ...,/p> Latest Posts

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