Credit Suisse Is Latest Bank to Charge Clients for Cash Deposits

Credit Suisse Is Latest Bank to Charge Clients for Cash Deposits By Avi Mizrahi In a normal world savers are expected to receive compensation for giving their money to the bank. Instead, due to negative interest rates, we are now seeing more financial institutions actually charging their clients for fiat cash deposits, with Credit Suisse the latest big bank to join in on this practice. Credit Suisse to Punish Big Savers Zürich-headquartered multinational investment bank Credit Suisse has recently announced that it will soon begin offering negative interest rates on…

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Big Tech, Big Banks Push for “Cashless Society”

Big Tech, Big Banks Push for “Cashless Society” By Stefan Gleason The War on Cash isn’t a conspiracy theory. It’s an open agenda. It’s being driven by an alignment of interests among bankers, central bankers, politicians, and Silicon Valley moguls who stand to benefit from an all-digital economy. Last week, Facebook – in partnership with major banks, payment processors, and e-commerce companies – launched a digital currency called Libra. Unlike decentralized, free-floating cryptocurrencies, Libra will be tied to national fiat currencies, integrated into the financial system, and centrally managed. Critics…

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No, US Banks Are Not Terrified of Chinese Payment Apps

No, US Banks Are Not Terrified of Chinese Payment Apps By corbettreport Bloomberg would have us believe that the banksters are quaking in their boots over the possibility that Chinese-style payment apps and a truly cashless economy will be making its way to the West in the near future. But is this the banksters’ nightmare or their ultimate dream come true? Find out in this week’s edition of #PropagandaWatch. SHOW NOTES: https://www.corbettreport.com/?p=31412 Subscribe to Activist Post for truth, peace, and freedom news. Follow us on Minds and Twitter. Provide, Protect…

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The War on Cash Is A War on Liberty

The War on Cash Is A War on Liberty By Ron Paul Authoritarians are forever trying to surveil and manipulate humanity to their desired ends. Advances in technology have surely made it easier in many respects. A very big goal, from the point of view of any true authoritarian, would be the abolition of cash. All economic transactions monitored. No privacy whatsoever. The accomplishment of such a goal is far from a done deal. We should stand against it at every turn. Visit Ron Paul at the Ron Paul Institute…

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A Look Inside the Scheme to Eliminate Cash, Impose Negative Interest

A Look Inside the Scheme to Eliminate Cash, Impose Negative Interest By Clint Siegner Central bankers and politicians love inflation, but they need “bag holders” to have faith in the value of the fiat currency IOUs they hold. The trick is to avoid suddenly destroying the ephemeral confidence in currencies by printing too much too fast. Central bankers may also need to limit the options inflation wary citizens have for escaping. They are both shifty and innovative when it comes to making sure the ill effects of perpetually devaluing currency…

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The Rise of Cashless Banks (And What To Do About It)

The Rise of Cashless Banks (And What To Do About It) By J.P. Koning For centuries bank deposits have come with a comforting guarantee. Depositors have always been able to quickly convert them at par into cash. But this guarantee is slowly being eroded. Banks in Canada, Ireland, Australia, Denmark, and Sweden are closing full-service branches and adopting a less-staffed “cashless bank” model. In a cashless branch, customers can no longer deposit or withdraw cash over the counter. The next step will be when banks remove their external ATM machines…

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CIBC, A Huge Canadian Bank, Was Offline All Day, Proving Again The Dangers of a Cashless Society

CIBC, A Huge Canadian Bank, Was Offline All Day, Proving Again The Dangers of a Cashless Society By Daisy Luther Yesterday, CIBC reported a “systems issue” that prevented customers from logging in to their accounts online for the entire business day. CIBC, the Canadian Imperial Bank of Commerce, is one of the five biggest banks in Canada. Yesterday just happened to be the day that people receiving welfare, unemployment benefits, social insurance payments (like American social security), Canada Pension payments, and disability payments landed in the accounts of recipients. Customers…

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3D Printed Guns for Everyone, Ross Ulbricht Petition Denied, Cashless Backlash and Other News of the Week

3D Printed Guns for Everyone, Ross Ulbricht Petition Denied, Cashless Backlash and Other News of the Week By corbettreport Welcome back to #NewWorldNextWeek – the video series from Corbett Report and Media Monarchy that covers some of the most important developments in open source intelligence news. This week: Story #1: Ross Ulbricht Denied Supreme Court Hearing https://bit.ly/2JepNzf If Trump Really Wanted to Fight the Deep State, He’d #FreeRoss https://bit.ly/2NNpnTY Lyn Ulbricht Updates Us On Ross Ulbricht (Jul. 11, 2017) https://bit.ly/2up5Xvz If Ross Ulbricht Is Not Free, Then You Are Not…

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