The End of the Safe Deposit Box for Wealth Storage

Monday, June 1, 2015
By Paul Martin

by Jeff Thomas
InternationalMan.com
6/1/2015

On 1 April 2015, Chase bank in the US advised clients who rent safe deposit boxes from them that there would be some changes in their policies. Of particular interest is the following condition:

Contents of box: You agree not to store any cash or coins other than those found to have a collectible value.”

Interesting. After all, cash and precious metals are traditional primary stores of wealth. Why single them out as no longer being acceptable?

As readers of this publication will know, the banking world, increasingly, is pushing people to put their wealth into cash, and their cash into banks in the form of deposits. In this effort, they’re being assisted by many of the world’s governments, which are rapidly increasing the level of legislation that controls what individuals are allowed to do with their own wealth.

Many people who see the writing on the wall are doing whatever they can to exit the banking system as much as possible, in spite of the fact that the banking system is essential to most types of economic transactions.

As I’ve stated previously in “Capital Punishment,” I believe that the existing form of paper-and-coin currency will be eliminated and replaced by an electronic one, which will be wholly controlled by the banks. (Direct transactions between private parties will end.)

The Rest…HERE

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