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  • Posted by Ben_C 9 years ago
    The problem is with ANY transfer of large amounts of funds. This happened to us this week when Bank of America put the screws to us. We sold property in another state and the title company sent us a large check. The check was promptly deposited but the funds would not be available to us for at least seven days. In effect we gave the bank an interest free loan for one week. If the reverse happened we would have been charged over $800.00 interest. We had planned on paying off some debt but couldn't because the funds were not available to us as anticipated. We have been with this bank for decades but will close our account and find a local bank with which to deal.
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  • Posted by term2 9 years ago in reply to this comment.
    We already have negative interest rates. I just did spring cleaning and found a $2 bill from the mid 60's when I was in college. Its now worth somewhere around 15-20 cents in purchasing power. If thats not negative interest rates, I dont know what is.
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  • Posted by term2 9 years ago in reply to this comment.
    Not necessarily. I think debit and credit cards will be made mandatory. The government can then control the amount of money that is wthdrawn and spent to combat the inflation they caused
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  • Posted by RobertFl 9 years ago
    Negative interest rates will be next.
    This is why I've been pulling excess cash out of my account.
    Bitcoin, gold, silver
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  • Posted by jetmec 9 years ago
    There will always be cash! The man who goes to the shop to buy a bar of chocolate, Even a car where both people want to avoid tax, I can think of other things too
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  • Posted by ISank 9 years ago
    Well it makes sense if your the Leviathan, in today's day every non cash transaction is known by many groups.
    But the beast can't track the whores, the good drugs, the tips, plus more and that's gotta bug the hell out of the beast.

    Long Live Cash, especially a man named Johnny Cash
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  • Posted by $ Olduglycarl 9 years ago
    And Why is this good?
    I've have never seen an ATM that let's you withdraw 1000's at a time but I guess they are around. I've read different articles on the war on cash, eliminating 100 and 50 dollar bills under the guise preventing criminal activity but I think this one at JP Morgan is because they are in deep do do...
    We will have to keep an eye on these activities.
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