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Report: JPMorgan Chase Bans Storage of Cash in its Safety Deposit Boxes

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posted on Apr, 23 2015 @ 01:35 PM
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originally posted by: Watchfull
originally posted by: wasaka




In an UNLAWFUL ACT with incredibly huge implications, one of America’s largest banks, JP Morgan/CHASE has adopted a new policy which FORBIDS PAYING CASH as payment of credit card, mortgage and other debts! Quite simply, this policy appears to violate the Uniform Commercial Code which holds that if a person attempts to use legal tender in payment of a debt, and the legal tender is refused, the debt is “discharged.” (See UCC § 3-603 (b))


Forget the boxes, go to pay off your credit card bills with cash, get refused, get it in writing, then have the debt discharged.


There is probably something in the fine print of the credit card, mortgage, car loan contract that when signed, gives away your right for protection under that clause.




posted on Apr, 23 2015 @ 04:30 PM
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Holding cash is a fools game, they can devalue it in the flick of a button.

They just say some notes of specific years are no longer in circulation and must be handed in, what do you do then, you're screwed again and have to get new issued notes within a set time.

If you want stable currencies, then look towards Norway, Singapore etc.


edit on 23-4-2015 by bullcat because: (no reason given)



posted on Apr, 24 2015 @ 03:14 AM
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originally posted by: bullcat
Holding cash is a fools game, they can devalue it in the flick of a button.



Actually I think it's the opposite. Holding cash PREVENTS them from devaluing your money.

Think about it. If you deposit money in a bank, then they will use fractional reserve banking to create ten or twenty times whatever you deposit as credit.

This means that people who save 100 find there is suddenly over 1000 competing with them for goods and services. This of course devalues their 100.

Effectively, when you deposit money in a bank, you lose over 90%. That's why no sane person should do this. A far better alternative would be to keep your money in a safe or safety deposit box.

I believe this is the reason for the unfair and draconian "money laundering" laws. It's not to stop crime, not to prevent tax evasion, not to make the drugs trade more difficult. It's to force ordinary people to deposit money
so that the banks can take most of the value away from their savings.

Similarly, it's the reason for the inflation target. Without this you could save money in cash (like you could for all those centuries before the twentieth).

Houses would be cheap, gas would be cheap, education, food, everything. Suddenly, one worker would be able to support a family again, and with our improved technology there would be a new Utopia. All you have to do is get enough people to withdraw their savings from the banks.



posted on Apr, 24 2015 @ 07:43 AM
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Just another liberal step toward you never receiving pay for anything. The ultimate goal is a government that takes everything and then gives you what they want you to have. It is called slavery in the end. Or my favorite term...livestock. Hillary is the next farmer in line. What will she bring to the table? "Collecting taxes is too inaccurate and difficult...instead, your employer will now transfer your pay to the government, we will figure out how much to keep and will provide a debit card for your purchases. Because that will help you...the people.". More BS from the government of BS. I personally can't wait for all our food and other products to be emblazoned with a picture of our "dear leader" of the year. Don't cha think?



posted on Apr, 24 2015 @ 11:35 AM
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originally posted by: EternalSolace

originally posted by: Watchfull
originally posted by: wasaka




In an UNLAWFUL ACT with incredibly huge implications, one of America’s largest banks, JP Morgan/CHASE has adopted a new policy which FORBIDS PAYING CASH as payment of credit card, mortgage and other debts! Quite simply, this policy appears to violate the Uniform Commercial Code which holds that if a person attempts to use legal tender in payment of a debt, and the legal tender is refused, the debt is “discharged.” (See UCC § 3-603 (b))


Forget the boxes, go to pay off your credit card bills with cash, get refused, get it in writing, then have the debt discharged.


There is probably something in the fine print of the credit card, mortgage, car loan contract that when signed, gives away your right for protection under that clause.


You cannot sign away your rights... Those agreements are just to keep the majority of people from disputing.

People are still liable for negligence and companies are still required to obey the law regardless of what you've signed. A contract has to be legal in order to be legally binding.

Jaden



posted on Apr, 24 2015 @ 12:38 PM
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a reply to: supermouse




Holding cash PREVENTS them from devaluing your money.


Devaluation will occur anyway, by the printing of more money...ie inflation.



All you have to do is get enough people to withdraw their savings from the banks.


And if a bank run happens; under the new bail-in laws (quietly signed by most banks) a bank will create a bank holiday and convert savings into new bonds under a new constituted bank. You will no longer be a saver but a "bondholder" of the new entity, ranking lower than a shareholder.



posted on Apr, 24 2015 @ 03:08 PM
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Our leaders, TPTB not the clowns on the hill or any other Parliament type building, are currently living by the notion that the sheeple have lost all their gumption, all their fight, and will always just roll over and die. The moves that are being made day in and day out to get us closer to complete control and slavery are happening at a faster pace then ever before. In America, the chances of getting a big enough group of people stirred up and heated enough to protest are pretty much impossible unless its a black person shot by a white cop or possibly cancelling black Friday or American Idol. We are cattle. We are sheep. We don't protest or fight for anything anymore.

Blame it on fluoride, blame it on distracted by the bills or distracted by wanting a 2015 Mercedes cause the neighbor just got one and is making your 2014 model look bad. It doesn't matter anymore. We are done people and it's time to get used to it. Complaining on websites like ATS is the best that 99.99% of us have ever done in our lives anyway, and that's a joke as well. I served this country as a Marine because when I was 18 I was a blind patriot, which is why anyone joins the military. Even the military is blind and misguided by a bunch of stars that sold out for the $$$ and the promises of big corporate jobs upon retirement.

What can be done? REALISTICALLY what can be done? 98% of America, not sure about Europe, refuses to listen to anything other then the MSM and church. WTF can be done?



posted on Apr, 25 2015 @ 02:28 PM
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originally posted by: Imightknow
What can be done? REALISTICALLY what can be done?


Move to Russia.

Or Iceland.

Pick a neutral country, or a superpower that is on the other side of the world war.



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