Posted on 08/18/2023 8:48:04 AM PDT by Silentgypsy
The government will set unlimited fines for banks that fail to protect access to cash, the Treasury said, in a major move against the march towards a cashless society campaigner Nigel Farage has called a “big win”.
Banks in the United Kingdom will have to provide free-to-access cash withdrawals and deposits within one mile of a person’s home in urban areas and within three miles in rural areas according to new laws and rules being rolled out by the government to protect cash. Yet some pro-cash campaigners point out the change doesn’t go far enough, as retailers are still perfectly entitled to refuse to accept cash as payment.
The announcement comes after months of campaigning against the encroaching cashless society and debanking being led by Brexit’s Nigel Farage, and was announced just hours after Farage and co-signatories delivered a petition to the government demanding cash be protected for decades to come.
(Excerpt) Read more at breitbart.com ...
El pingo.
Wow, that’s some seriously good news.
In 2018 I tried to get $18K from a BOA branch to buy a truck as the seller wanted cash, the bank said they don’t carry that kind of money anymore.
Klaus Schwab is not amused.
Now, if we can just follow suit.
BOA is down for the gun control issues, too.
And that makes me a really happy camper!
Within 1 to 3 miles of where you live? What does that say about the rest of the branches?
All banks that I use have similar restrictions. If you want to withdraw more than 2,000 you need to tell them in advance how much and when you will be in to pick up. I also complained, the whole point of a bank vs. investment fund is the trade between return on investment and access to your cash. If I don’t have access to my cash, then why keep money in a bank? Just put it in a brokerage account.
This is all about cash and travel restrictions which are the foundation of "15 minute cities".
In other words, don't travel on vacation, or go elsewhere other than a 'staycation'.
It's a movement towards Government "gypto-currencies" where control is the purpose of controlling your ability to 'buy and sell'.
Not yet addressed - what happens if you move your residence ?
This way they can control your physical movements; next comes benefits, political affiliation and social contacts.
We seem to not be so far away from the movie: "Blade Runner".
https://www.investopedia.com/terms/f/fractionalreservebanking.asp
Nice, huh?
Exactly.
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