“The letter, entitled ‘Updated Safe Deposit Box Lease Agreement,’ was sent out to customers at the beginning of the month. ‘Hide your wallets, the banksters are on the move,’ warns the Economic Policy Journal. 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,’ writes Professor Joseph Salerno of the Mises Institute. The news arrives on the back of comments by Citi’s Willem Buiter, who recently advocated abolishing cash altogether in order to ‘solve the world’s central banks’ problem with negative interest rates’.”
http://www.infowars.com/report-jpmorganchase-bans-storage-of-cash-in-its-safety-deposit-boxes/
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