It is Cash.. Cash.. Cash.. Always Cash!
I do this for a number of important reasons:
1) My transactions are 100% private.. No one from afar can snoop on my personal business and see what I bought on what date and where
3) The System doesn't want me or you to be using cash anymore, and anything that the System wants/wishes, I tend to go contrarian.
In fact not only does the System not want cash used by the populace but they seek to make a person feel criminal simply for using or possessing it..
For example recently customers of JPMorgan Chase who have savings deposit boxes have received an announcement that new policy is:
"You agree not to store any cash or coins other than those found to have a collectible value.”
As of last month, Chase has also instituted a new policy which restricts borrowers from using cash to make payments on credit cards, mortgages, equity lines, and auto loans..
Is it a fear of counterfeit money being used as payment?
Hardly.. More like getting people more and more accustomed to online banking, which is one of many ways these banks collect fees.. If you use cash to pay for everything, then why have a checking account or go online to submit bill payments..
Chase is the leader when it comes to figuring out innovative ways to institute capital controls over its customers with policies already in place which mandate identification for cash deposits and ban cash being deposited into another person’s account.
In October 2013, Chase also banned international wire transfers while restricting cash activity for business customers (both deposits and withdrawals) to a $50,000 limit per statement cycle.
All this arrives on the back of comments by Citibank’s Willem Buiter, who recently advocated abolishing cash altogether in order to “solve the world’s central banks’ problem with negative interest rates”.
Overseas, HSBC bank is now interrogating its account holders in the UK on how they earn and spend their money as well as restricting large cash withdrawals for customers from £5000 upwards.
And in France, Finance Minister Michel Sapin hailed the introduction of measures set to come into force this September which will restrict French citizens from making cash payments over €1,000 euros.
Decisions like this are not done amid a healthy recovering economy.
If you are smart, you will not only use cash to make purchases wherever possible but keep a Healthy cash reserve on you.. In a cereal box, a coffee can, an empty thermos...
Sorry to be so blunt but it is a horrible shit Matrix-like System we are forced to live in where people in positions of true power want to spy on and know about Every Single aspect of your life..
Using credit cards and keeping your money in a bank is like inviting an NSA camera into your home..
Actually, it is More intrusive..
Or that on such and such a date, you went to Y restaurant where your bill came to $42.15 then you spent $15 at Z Gasoline, etc etc..
Who's business is that?!!
And you can either go along (the Grasshopper) or make contingencies (the Ant)