Posted on 06/03/2023 5:58:45 AM PDT by MtnClimber
A reader sent me this graphic which is circulating on social media. Whenever I see an unattributed image like this going around I want to verify it, lest it be photoshopped, a deep-fake or some derivation of “urban legend”.
Sure enough, if you go to NatWest bank’s website, right here – you see this cash withdrawal policy spelled out for all to see:
This isn’t actually new
Here in Canada, for at least a few years – predating COVID, the big four banks have been routinely asking you why you are taking cash out whenever you withdraw anything over a couple thousand dollars. However, you can tell them pretty well anything (“because I want it”, “none of your business” or even “to blow it all on booze and hookers”, will all work). I haven’t heard of a case where a withdrawal has been denied based on the reason supplied, yet.
But now that we’re starting to see it formalized in policy language of banks, we can all see where this is going.
The war on cash has been in full swing for a long time, India banned large denominations bills in 2016 and will now start eliminating them from the monetary base. France has been signalling a prohibition on cash payments over 1,000 € since 2013 and finally, quietly, it seems, made it part of the framework this year.
It portends a wider initiative across the entire Eurozone (who is also trying to lump in crypto payments under the restrictions).
Here Come the CBDCs
This is all to lay the groundwork for the march into Central Bank Digital Currencies (CBDCs) which will seek to accomplish three objectives of Late Stage Globalism:
1. Eliminate privacy – making all transactions trackable, traceable and taxable in realtime.
2. Introduce controls on how, when and why you are spending your own money. Think China-style social credit, which in its Westernized form will almost certainly involve personal carbon footprint quotas. And most importantly (otherwise we wouldn’t be calling it “Late Stage Gobalism”):
3. Extend the runway of fiat currencies – which are about to hit the wall as a long-wave debt super-cycle reaches its crescendo. The antidote to all this, is of course, Bitcoin. The only digital asset that is scarce, truly decentralized, has frictionless portability, and is backstopped in physical reality (the “7th property”) in away gold isn’t.
Great strategic advice there, but I was just responding to #61 by moovova and making a bit of a comedy sketch of it.
That I favor. All fraudsters of any stripe should be caught and punished.
When I went to close out my savings account at B of A, they told me I needed to make an appointment. I took out all but $10.00. Next month, they charged me $9.00 ‘maintenance’ fee.
Pretty scary when the government can just change the rules on a whim.
Amen!
Amen!
Thanks for the advice. Never had to close an acct on bad terms, but I knew there was probably a better way to do it rather than go into a branch raising holy cane. Your step-by-step is a great approach. Yes, you do have to be careful how you handle that. Banks have a blacklist.
Some idiot called me with one of these scams (tax). I kept on asking him what country he was calling from. He finally hung up when he figured I was not going to play his game.
> Some idiot called me with one of these scams (tax). I kept on asking him what country he was calling from. <
I’m more respectful than you are. I start by thanking them for calling. I listen, then I ask relevant questions. I comment politely on everything they say.
Funny, but they always seem confused. Then they hang up after a minute or two.
Maybe that’s because everything I say is in Hungarian.
This happened to me last week. Teller asked my why I was making the withdrawal. I found it strange. I just said “business”. I think it was Chase bank.
Hahah... I Necroed this thread! Just realized I had something in the search bar. lol Good day.
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