Economic Policy JournalLetters are apparently going out to some JPMoragnChase customers announcing that cash will be prohibited from being stored in the bank’s safety deposit boxes.
At the Collectors Universe message board, a commenter reports:
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.
Professor Joseph Salerno of the Mises Institute writes:
As of March, Chase began restricting the use of cash in selected markets, including Greater Cleveland. The new policy restricts borrowers from using cash to make payments on credit cards, mortgages, equity lines, and auto loans. Chase even goes as far as to prohibit the storage of cash in its safe deposit boxes . In a letter to its customers dated April 1, 2015 pertaining to its “Updated Safe Deposit Box Lease Agreement,” one of the highlighted items reads: “You agree not to store any cash or coins other than those found to have a collectible value.”
Just last week, Citigroup’s top economist, Willem Buiter, wrote a report calling for the abolishment of cash as a sound policy.
Hide your wallets, the banksters are on the move.
–RW
http://www.economicpolicyjournal.com/2015/04/the-bankster-war-on-cash-jpmorganchase.html
Just made my last payment to Chase this month. Told them to cancel my account and burnt the card. They got the last penny from me they will ever get.
“The new policy restricts borrowers from using cash to make payments on credit cards, mortgages, equity lines, and auto loans. Chase even goes as far as to prohibit the storage of cash in its safe deposit boxes.
Just last week, Citigroup’s top economist, Willem Buiter, wrote a report calling for the abolishment of cash as a sound policy.”
But…but…money is legal tender…. (sarcasm)
The bastards are starting their forced shift to electronic digit accounts so they don’t have to print money and so they can start moving closer to that chip and that one to be soon implanted inside you.
Can’t wait to hang every last one of them.
Why would any sane person store ANYTHING in a ‘safety’ deposit box?
May just as well put it in a jar and leave it on a park bench with a sign… STEAL ME!!!
Actually, I think that would be safer. Think about it. If someone put a jar on a park bench with a sign saying, “STEAL ME!!!”, I think these days that would be enough to scare someone into NOT stealing something because they’ll think it’s a trick or some sort of trap. Who knows. lol
No jew would pass that up, NC. 😯
Has not the ” Elmer Feds ” confiscated the contents of safety deposit boxes from the banks they close, or anytime they choose ? Perhaps JP is telegraphing that the possession of zio-dollars will soon be a capital offense ??? It’s the only reason I can think of. Any ideas ???
Scenario:
I get stopped for a traffic infraction. Jack Boot sees I have zio-dollars in my wallet. BANG, right in my fu@%ing head . . .
“Perhaps JP is telegraphing that the possession of zio-dollars will soon be a capital offense ??? It’s the only reason I can think of. Any ideas ???”
One of the main reasons they’re attempting to eradicate ‘cash’ completely is because black market transactions deal strictly with fiat money. No ‘paper’ (or digital) trail. Ergo, no PROFIT for the stinking jews.
The other main reason is that digital ‘money can disappear with a keystroke.
And will.
of course they don’t mind you putting precious metals, and collectibles in it which DO have value and of course would give them access to them.
If one is retired, get your retirement (i.e. SS or pension) out of the bank the day it hits. And store NOTHING in a safe deposit box.
. . .
Exactly Cathleen. When I was FORCED to give the gov. my routing # that’s exactly what I began to do. I leave just enough in there to pay a months worth of bills.
I also closed my safe deposit box out about 5 years ago. I am my own bank now.
Me too Paul! I get “looks” (ya know what I mean?) from the cashier when I withdraw cash from what ever is left after leaving what I need to cover my bills. I just say, “OK . . . off to pay my bills :)”
None of their business what I do with my excess cash.
. . .
hahaah Cathleen. My bank is used to me doing it. Have done it for a long while now. They are also a small local bank. Checked them out once, and their assets verses liabilities are very conservative.
The same goes for my credit union Paul.
A friend of mine was actually layed off from our local Citi Bank because they closed this branch.
. . .
Even when I was a child I used to think, why would I need someone else to hold on to my money for me. :.
” Even when I was a child I used to think, why would I need someone else to hold on to my money for me. :. ”
THAT sentiment is what my Great Grand Parents had ( hide it in the mattress, protect it with the shotgun ). It’s natural. But me thinks, the banksters pulled a ruse. They concocted the lure of ” interest “. You can make money if you let me hold it for you. Innocence and desperation or greed hijacked by banking thieves. In the beginning, when Gold and Silver were still the standard, the paper ” certificates ” were still ” relatively ” valid. THAT WAS THE HOOK. Once trust was established, fraud, racketeering, extortion, deception, fractional reserve gambling, Derivatives, I could go on for days, were implemented. All with NO disclosure to the new ” creditors ” who were entirely unaware of their new ” status “, or better, liability ( if we lose our ass gambling, you’ll cover it ).
And here we are. On the cusp of total global ” ponzi scheme ” crash. And most only have worthless paper ( debt notes, thus no ownership ), and 1’s & 0’s on some computer equating to the same worthlessness and liability.
Bottom line is: If you can’t, right this moment, hold it in your hand, you don’t either own or have it. And if you aren’t armed and prepped, you will not hold and keep what you possess. I’m talking tangible resources, not paper or computer fantasies . . .