Topic: [3-23-2014] ZH Fighting The "War on Terror" By Banning Cash (Read 1020 times)
Clamping down on freedom all over the world in the name of "security." And Bitcoin and crypto increase their importance daily.
There is no way they will be able to track all the money that is spent by people. And the terror attacks anyways take more than a few months to plan so the only terror it MIGHT stop is the one happening without planning.
sound like ridiculous things.
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The terrorists used CASH to purchase some of the stuff they needed--no doubt these murderers were also shod and clothed and used cell phones, cars, and public sidewalks during the planning and execution of their mayhem. Why not restrict their use? A naked , barefoot terrorist without communications is surely less effective than a fully clothed and equipped one.
The banning will has huge impact on ppl's daily life. "Huge Impact" really?
Come on, how many times does someone that doesn't have access to credit/debit cards and checks need more than 1000 euros to in their "DAILY" lives?
The law sucks because it is driving cash a way under some false pretense, nevertheless it really should cause too much of a disruption in the lives of the overwhelming majority of people.
The last time I made a purchase of over $1K cash wasn't too long ago but I only did it about 3x in the whole year of 2014, and every single time was because I didn't want the cash, I could have easily used one of the cards and gotten rewards points too.
sound like ridiculous things.
Quote
The terrorists used CASH to purchase some of the stuff they needed--no doubt these murderers were also shod and clothed and used cell phones, cars, and public sidewalks during the planning and execution of their mayhem. Why not restrict their use? A naked , barefoot terrorist without communications is surely less effective than a fully clothed and equipped one.
The banning will has huge impact on ppl's daily life. http://www.zerohedge.com/news/2015-03-23/fighting-war-terror-banning-cash
Prohibiting French residents from making cash payments of more than 1,000 euros, down from the current limit of 3,000 euros.
Given the parlous state of the stagnating French economy the limit for foreign tourists on currency payments will remain higher, at 10,000 euros down from the current limit of 15,000 euros.
The threshold below which a French resident is free to convert euros into other currencies without having to show an identity card will be slashed from the current level of 8,000 euros to 1,000 euros.
In addition any cash deposit or withdrawal of more than 10,000 euros during a single month will be reported to the French anti-fraud and money laundering agency Tracfin.
French authorities will also have to be notified of any freight transfers within the EU exceeding 10,000 euros, including checks, pre-paid cards,
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