If your out of the banking system stay out if you can at all costs!

greenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread

If you have got out of the banking system by withdrawing all your funds then stay out.

The federal government has plans to set up a tracking system thru the banking industry.

When you open an account in the near future the bank will require a lot more information on you.

They will then be required to begin compiling a history to see how much money you deposit a month and how much you spend and where you spend it.

Then they will require to give the source of your deposits. Such as paycheck, child support, trust fund, insurance settlement etc.

As your banking history is compiled they will then be able to see any changes in your spending habits or anything suspicious which they will then have to report to the government.

The reason for this system is to put an end to theft and laundering of money. Yeah!!! sure!

We will need to get smarter and demand cash as pay and then use money orders. If we continue to use banks we are history.

Any ideas as to how thiss situation can be thwarted?

-- Susan Barrett (sue59@bellsouth.net), December 05, 1999


they WILL require lots of info ?! When I opened an account in FL a couple years ago, I had to give em DL #, SS # etc. this was entered into (grasp) a computer and then I was told 'You're approved'. Just so I could let the bank make money from my money. This was a Non- interest account.
BTW - I'm cashed out.

-- Dan G (thepcguru@hotmail.com), December 05, 1999.

This is not a problem.

Keep your cash. Keep your gold coins. In the height of the crash, sell you gold for cash at a huge profit.

Use the cash to bail out your friends who are in trouble with their mortgages or finance companies. Accept checks in return.

When the dust settles, show up at the bank with a stack of checks for deposit. Of course, keep a lot of cash for expenses for the next few years.

Be creative. Don't let the bastards get to you. Help others with your money. They in turn will help you.

-- tomboy (tom@home.com), December 05, 1999.

The stinking banks won't even allow my wife to deposit my checks into her bank account now. Been doing it for some time, but now the teller says the big guys are looking over their shoulder and this is a new policing...I mean policy!

-- Mark Hillyard (foster@inreach.com), December 05, 1999.

ActII smartcard. ActIII biochip. End of story.

-- maid upname (noid@ihope.com), December 05, 1999.

Mark: ???? I can't understand how banks can REFUSE to let somebody deposit a check into their account??!! It is common practice for banks to sometimes put a "hold" on a check until it clears, or even send the check out "for collection" -- i.e., demanding that the issuer cough up a cashier's check drawn on another bank -- but to outright REFUSE the check is a new one.

-- King of Spain (madrid@aol.cum), December 05, 1999.

It sounds like the "Know Your Customer" program (which has been -- at least temporarily -- tabled due to the outrage generated). Never fear. It'll be back under consideration. But since then, I keep enough in my account only to cover checks written. Past that, let the greedy b*stards collapse.

-- I'm Here, I'm There (I'm Everywhere@so.beware), December 05, 1999.

Susan, what did you read that made you think of this? Do you have an article or something? It sounds like the FDIC's "know your customer" rearing its ugly head in another form.

-- tt (cuddluppy@nowhere.com), December 05, 1999.

Don't this assume a lot? That all the computers will work, that the banks will still be in business, that the phone lines will transmit all this information and that there will be a government who cares about this sort of thing.

Not concerned about this non-Y2k problem -


-- Michael (mgentry@prodigy.net), December 05, 1999.

Michael. Yes. The IRS is going to crash and burn and we should worry about them knowing the source of our funds? I don't think so.

-- Mara (MaraWayne@aol.com), December 05, 1999.

I feel that the gov't will resort to taxation on a level that will be considered conficatory.

Our dream machine is about to go into reverse. Many people will be overcome by this. Insane asylums were jam packed during and after the last depression. Lets hope there is a pile of medication stockpiled, for the sake of the lunatics. Without drugs, treatments will again be barbaric.

-- earl (ejrobill@pcpostal.com), December 05, 1999.

King of Spain,

Mark speaks the truth. I found that in California (Great Western before Wash Mutual bought them, Wash Mutual, Guaranty, etc.), banks will not allow an account holder to deposit another party's check in their account even if it was legitimately signed over to them.

Bank of America gets the fingerprint of someone who wants to cash a check that they received from a B of A account holder if they personally don't have an account there.

This new policy of giving detailed info re: deposits, etc. sounds scary. Is this a federal law or statelaw in certain states. Can we stop it by flaming the decision makers like we did in the 'need to know' law reversal?

-- Mark (markmic@kynd.net), December 05, 1999.

The war on drugs has cost us many of our freedoms. It will probably cost us many more.

-- Dave (dannco@hotmail.com), December 05, 1999.

Banks schmanks. The banks are pinching their arse cheeks in hopes that we all just l e a v e o u r m o n e y i n t h e b a n k. Do you think the Gov. is behind Garden Plot? Try the Int.Bankers. They own our Gov. and all that goes with it (US). Can't happen til they disarm the AMERICANS. By the way, anyone notice that killers of Edmund Safra (Int. Banker - 199 of world's richest men) weren't there to rob.... must of been man's inhumanity to man. Wonder if this is a trend?

-- SlickWillie (UBIGHICK@Yahoo.com), December 06, 1999.

KOS, Mark. The situation in the UK is that the cheque can't be "signed over" by the payee. Only the person that it is drawn on can change it, or allow it to be cashed.

Most cheques in the UK now come pre-printed with "Account payee only, not negotiable", just to make this extra clear. Nice to know we're ahead of you in something. :)

-- Colin MacDonald (roborogerborg@yahoo.com), December 06, 1999.

You forgot the crucial denouement: Act IV: Jesus Returns in Glory, making footstools of his enemies. (Loud Applause)

-- Spidey (free@last.Amen), December 06, 1999.


Waiting for appropriate moment. Found an opportunity here>http://www.greenspun.com/bboard/q-and-a-fetch-msg.tcl?msg_id=001v zq

I want to keep posting priviledge ie.="Driving is a priveledge, not a right".

Thanks for checking the sky yesterday.

-- maid upname (noid@ihope.com), December 06, 1999.

Thanks for the additional info, folks. Just one more reason to have CASH out of the bank and in your possession. Accepted everywhere, good for all debts public and private, etc., etc.

-- King of Spain (madrid@aol.cum), December 06, 1999.

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