Feds To Banks: Call Cops on Customers Withdrawing $5,000 or More

“The Justice Department is ordering bank employees to consider calling the cops on customers who withdraw $5,000 dollars or more, a chilling example of how the war on cash is intensifying.  Banks are already required to file ‘suspicious activity reports’ on their customers, with threats of fines and even jail time if financial institutions don’t meet quotas.  But last week, ‘A senior official from the Justice Department spoke to a group of bankers about the need for them to rat out their customers to the police.’  Assistant attorney general Leslie Caldwell urged banks to ‘alert law enforcement authorities about the problem’ so that police can ‘seize the funds’ or at least ‘initiate an investigation’.”

http://www.prisonplanet.com/feds-urge-banks-to-call-cops-on-customers-who-withdraw-5000-or-more.html

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JPMorgan Chase Bans Storage of Cash in its Safety Deposit Boxes

“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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