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Will FDIC Regulations Shut Down the Prepaid Card Industry?
Market Rates Insight.com ^ | 6/19/14 | MarketRatesInsightblog

Posted on 06/27/2014 9:48:44 PM PDT by jeannineinsd

click here to read article


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To: stanne
RE:”What I mean is that they are going to monitor your life. your choices. you will get medical payment, after paying out the ying yang, based on your life choices.”

I knew what you are getting at, if it worries you so much write a check instead.

I will use my Chase.

21 posted on 06/27/2014 10:59:13 PM PDT by sickoflibs (King Obama : 'The debate is over. The time for talk is over. Just follow my commands you serfs""')
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To: sickoflibs

Just pointing it out.


22 posted on 06/27/2014 10:59:47 PM PDT by stanne
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To: stanne
RE:”Prepaid cards, in Obama’s world, are our way of having privacy in our purchasing. THye have the power to eradicate cash, and prepaid cards. The government will know everything you purchase”

I read someplace that tin-foil hats will keep the overhead helicopters and drones from reading your thoughts with their gamma rays too.

You can never be too safe.

23 posted on 06/27/2014 11:02:00 PM PDT by sickoflibs (King Obama : 'The debate is over. The time for talk is over. Just follow my commands you serfs""')
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To: sickoflibs

I bought a new front door for $2000 and paid cash.


24 posted on 06/27/2014 11:03:04 PM PDT by driftdiver (I could eat it raw, but why do that when I have a fire.)
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To: stanne

When they passed the Patriot Act a lib came into the local deli where we gather for coffee and got a cup to go. He was going off on Bush over the library cards. I politely listened and then watched him pay for his cup of coffee with his debit card. I just shook my head, smiling.


25 posted on 06/27/2014 11:07:12 PM PDT by Lurkina.n.Learnin
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To: driftdiver; stanne; blueplum; Impy; NFHale; GOPsterinMA; BillyBoy; fieldmarshaldj
RE:”I bought a new front door for $2000 and paid cash.”

I would have put it on my chase and they would give me back $20 or $40 for using it, and if the door was put in broken chase would have told them to go to hell for the money till I get a good one from them. .
.
I don't give a crap if the NSA knows that I bought a new front door.

26 posted on 06/27/2014 11:08:23 PM PDT by sickoflibs (King Obama : 'The debate is over. The time for talk is over. Just follow my commands you serfs""')
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To: sickoflibs

Do you care the it’s knows?


27 posted on 06/27/2014 11:09:47 PM PDT by driftdiver (I could eat it raw, but why do that when I have a fire.)
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To: sickoflibs

The IRS

stupid phone


28 posted on 06/27/2014 11:11:07 PM PDT by driftdiver (I could eat it raw, but why do that when I have a fire.)
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To: sickoflibs

I’m not taking about doors.

I’m talking about a government who’s VA medical system uses whatever excuse to rid its rolls of patients

They’re not going to give a crap about a door I’m talking about not being able to purchase a bag of m & m s without their breathing down your neck about wasting other people’s obamacare investment in you

I’m talking about not needing to talk to des about life choices because they’ll have all the data from the govt

The VA now gets all of its patients’ income data from the IRS Anyone who thinks they’re incompetent is mistaken they know how to get what they want to get


29 posted on 06/27/2014 11:29:27 PM PDT by stanne
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To: jeannineinsd
Why not just open a separate checking account at a bank, and use the debit card that comes with it for everyday purchases?

Just keep the balance low and transfer money from your main checking account as needed.

30 posted on 06/27/2014 11:29:58 PM PDT by Ken H
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To: Lurkina.n.Learnin

Reactionary, unthinking bush hatred. Look where it gets us


31 posted on 06/27/2014 11:31:53 PM PDT by stanne
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To: sickoflibs

A new report from Bloomberg details how hospitals are using our habits such as buying cigarettes or skipping the gym to create patient profiles in order to identify those who are most likely to get sick.

http://www.freerepublic.com/focus/news/3172772/posts?page=20

It’s from yesterday, was on cavuto then the five then FR as above


32 posted on 06/27/2014 11:46:30 PM PDT by stanne
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To: stanne; sickoflibs

Oh this is a quote from cavuto’s piece:

‘A new report from Bloomberg details how hospitals are using our habits such as buying cigarettes or skipping the gym to create patient profiles in order to identify those who are most likely to get sick.’

Tin foil- right


33 posted on 06/27/2014 11:48:48 PM PDT by stanne
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To: sickoflibs

I was just sort of thinking people were keeping up

From yesterday’s item:

‘Fox News (Cavuto) had on a surgeon, who even suggested it will end up they will use that in decisions on rationing the healthcare, to the extent to withhold it from patients who aren’t compliant. He expressed it slightly differently, but this was the meaning.
The original article was published by Bloomberg, here is the link:

Your Doctor Knows You’re Killing Yourself. The Data Brokers Told Her

They are calling it “proactive care management” — just wait until they will ration what you can buy, “for your own good”, of course and naturally not giving you proper care, because it’s all your fault and you don’t deserve it.

Smokers, people with diabetes beware, but not to fear, they wouldn’t dare to use that on homosexual people who naturally have a much larger probability to get AIDS. ‘


34 posted on 06/27/2014 11:52:52 PM PDT by stanne
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To: sickoflibs

The debit links directly so I think one’s entire account can be torpedoed if the pin is discovered. on a pre-paid, you’re only sunk for the amount remaining on that prepaid.


35 posted on 06/27/2014 11:57:33 PM PDT by blueplum
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To: Ken H
Why not just open a separate checking account at a bank, and use the debit card that comes with it for everyday purchases? Just keep the balance low and transfer money from your main checking account as needed.

Wells Fargo encourages you to do that already. They open a separate account that you must move money into from your primary account, so your main account is never at risk.

36 posted on 06/28/2014 12:49:50 AM PDT by itsahoot (Voting for a Progressive RINO is the same as voting for any other Tyrant.)
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To: jeannineinsd

Money laundering is a problem with these cards to be honest, it is the fastest and easiest way for a drug dealer to turn undeclared cash into electronic cash without a paper trail.

Talking with a friend what they REALLY want to go after is the prepaid cell phone minute cards and off the shelf phones that are unregistered. (burn phones) Bought with a prepaid credit card they are completely untraceable unless they can get video of the transaction, and even then it is usually a kid sent to buy them. You can get a cheap one now for about $5, plus a minute card that costs $.10/ minute, $.05/ text. For this chump change they have virtually unlimited use, and Big Brother doesn’t like that much these days.


37 posted on 06/28/2014 3:21:22 AM PDT by Abathar (Proudly posting without reading the article carefully since 2004)
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To: jeannineinsd

Sounds to me like they’re going to drive people to electronic currencies such as bitcoin. Essentially no transaction fees.


38 posted on 06/28/2014 3:46:49 AM PDT by RKBA Democrat (Be a part of the American freedom migration: freestateproject.org)
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To: stanne
What I mean is that they are going to monitor your life. your choices. you will get medical payment, after paying out the ying yang, based on your life choices.

Insurance companies are diffidently after that data from the press account I've read. If they are going to insure your life, they are going to try and find out about as much of your life as possible. I'll just leave it at that...

39 posted on 06/28/2014 4:05:40 AM PDT by EVO X
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To: EVO X
In addition to your spending habits, it is reasonable to assume your trash is being monitored.

I don't think that's an outlandish assumption at all.

40 posted on 06/28/2014 4:26:11 AM PDT by Ken H
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