There is a war raging against cash (paper) money, a battle really in the larger war on freedom. Money in banks and computers can be tracked and controlled and confiscated with ease. That’s good for our betters. Paper money can be hoarded and used freely by its owners. That’s bad.
Most large U.S. banks, including Chase, Bank of America Corp., Citigroup Inc. and Wells Fargo & Co. have been rolling out new ATMs, sometimes known as eATMs, which perform more services akin to tellers. That includes allowing customers to withdraw different dollar denominations than the usual $20, typically ranging from $1 to $100.
The efforts run counter to recent calls to phase out large bills such as the $100 bill or the €500 note ($569) to discourage corruption while putting up hurdles for tax evaders, terrorists, drug dealers and human traffickers.
The Wall Street Journal reported in February that the European Central Bank was considering eliminating its highest paper currency denomination, the €500 note. Former U.S. Treasury Secretary Lawrence H. Summers also has called for an agreement by monetary authorities to stop issuing notes worth more than $50 or $100.
JP Morgan/Chase oddly had some super ATMs which allowed unlimited withdrawals denominated in $100 bills. Some folks started making large cash withdrawals – $20,000 at once in some cases. Sensing its customers were fighting back in the war Chase limited the withdrawals to $1,000 per day. They made it a little harder for you, the enemy combatant, to access your own money. They want your money under careful controls – but not theirs.
The Panama Papers are the largest information leak in history. 2.6 Terabytes worth of documentation was smuggled out of a Panama-based law firm which caters to some of the world’s richest and most powerful people. The papers reveal that the super-rich routinely offshore their considerable assets in an effort to evade control and taxation, and to maintain secrecy. Vladimir Putin, for example has at least $2 Billion hidden away; while running for office he declared his net worth to be a few hundred thousands.
By itself there is nothing wrong with this offshoring just as there’s nothing wrong with getting $20,000 from an ATM. It’s your money; do with it as you like.
The problem is the hypocrisy. At the same time these vampires seek to completely lock our assets down within the system they are moving their own money out of it. Perhaps this revelation will lead to the discovery of the stolen MF Global funds or the Madoff money. I would love to see Larry Summers’s name revealed, connected with secret accounts. Summers, Madoff, and John Corzine have acted against us in the war, treating us to POW-style financial torture. How should we counter-attack?
Most of this will be completely missed by the majority of Americans. There’s too much other stuff going on – the Final Four, the sham election, tattoos, etc. Our enemies plan on all of these distractions working. It’s time we withdraw from their system. While we’re at it we should offshore as many of these rats as we can find – send them anywhere but here.