"How a 'Cashless' America Could Become 'Gunless'"

DispositionMatrix

DispositionMatrix

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How a 'Cashless' America Could Become 'Gunless'
DiNapoli suggested that these companies should consider whether gun transactions should be classified with restricted high-risk purchases like pornography, illicit drugs, and crypto-currencies. "If gun violence continues unabated in society," he wrote, "public outcry ... may grow and create significant financial risk for the company."

DiNapoli suggested that these companies look into implementing ways to block credit card purchases of firearms, ammunition, and gun accessories. The implied threat was clear: stop extending credit to gun- and ammo-buyers, or risk having New York State investment money taken away from your bank or credit company because the left wants to ban guns.

The federal government has already tried such intimidation, as Craig R. Smith and I explained in our 2014 book Don't Bank On It! The Unsafe World of 21st Century Banking. President Barack Obama implemented "Operation Choke Point," which threatened regulatory problems for financial institutions that did not withhold banking and credit services from firearms and ammunition-sellers, among others. Such sellers were to be cut off even if they had never been found guilty of any criminal wrongdoing.
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gun transactions should be classified with restricted high-risk purchases like pornography, illicit drugs, and crypto-currencies.
Click to expand...

lolocost, so buying pr0n with cash is a "high-risk" purchase, zomg! Same for bitcoin. Where do these idiots get these ideas? It's like he drank some sewage, regurgitated it before writing this crap out.
 
If I was a gun shop, I would start trading in Gold & Silver - TODAY, and keep minimal paperwork - and the paperwork you do keep is in a safe that has a container of thermite on top with a magnesium wick and blow torch next to it.
 
I think the point they're trying to make is that no business can survive without credit.

Sure, you can be cash only, but how big do you think you can really get if you can't make large purchases? Try buying 100,000 rounds of ammo with cash, or a money order, or gold.

This problem is *huge* for legal pot dispensaries.

Winchester couldn't possibly buy the brass and gunpowder and lead they need to make ammo without the banking system.
 
True but it isn’t going to happen for a lot of reasons. For example- from a national defense standpoint we need those firearms and ammo factories and they need something to do when there isn’t a war on.

Pot is against Federal law so they are caught in legal limbo.
 
If I'm going to barter for a firearm, I'm not filling out an EFA10 either...
 
This is all wishful thinking by control freaks. Choke Point wasn't ever actually successful, and survived only because it was done quietly through intra-agency rule-making rather than overtly.

So long as the products are legal, the handful of financial firms who choose to "break ranks" and do business with the politically incorrect businesses will rake in massive profits.
 
milktree said:
I think the point they're trying to make is that no business can survive without credit.

Sure, you can be cash only, but how big do you think you can really get if you can't make large purchases? Try buying 100,000 rounds of ammo with cash, or a money order, or gold.

This problem is *huge* for legal pot dispensaries.

Winchester couldn't possibly buy the brass and gunpowder and lead they need to make ammo without the banking system.
Click to expand...


Not really, it's more "annoying" than anything else. You just put up a front company,
done. Hell half the gun shops I know don't have "Joe's Gun" in their official incorporation paperwork etc.

Bank: "What do you sell sir?"

"We're a distributor of sporting goods. You know, like tents, kayaks. Shit like that. "

[rofl]

-Mike
 
milktree said:
I think the point they're trying to make is that no business can survive without credit.

Sure, you can be cash only, but how big do you think you can really get if you can't make large purchases? Try buying 100,000 rounds of ammo with cash, or a money order, or gold.

This problem is *huge* for legal pot dispensaries.

Winchester couldn't possibly buy the brass and gunpowder and lead they need to make ammo without the banking system.
Click to expand...

a lot of businesses have accounts that they settle or have flexible payment terms, rarely it's cash upfront, that's not typical. The cash-n-carry businesses are great, but a lot of places like hospitals don't see a dime until claims are processed etc. Same with companies buying goods. I need to buy steel from a co that I have dealt with for many years, I don't need to front cash right away.

The big problem is that when large amounts of cash start changing hands Fed gets really jealous. When you move large amounts of cash out of the country, it becomes even more problematic. There are a lot of extortion parts of the fed who want a piece of action.
 
milktree said:
I think the point they're trying to make is that no business can survive without credit.

Sure, you can be cash only, but how big do you think you can really get if you can't make large purchases? Try buying 100,000 rounds of ammo with cash, or a money order, or gold.

This problem is *huge* for legal pot dispensaries.

Winchester couldn't possibly buy the brass and gunpowder and lead they need to make ammo without the banking system.
Click to expand...

Seeing how ammo companies make shit tons of rounds for the feds, they will always have credit available. Same goes for the gun makers contracted to make guns for the feds and DoD.

But even if somehow they could get no credit through traditional old world banks, they will still be able to get credit. Either someone will come along waving credit to them "because capatalism" or they will go into the crypto world. There are several projects being worked on in regards to crypto lending. Yes, crypto is literally the wild west right now, but that will change.

Where there is money to be made, it will be made. Laws be damned even (just look at the drug war).
 
Boris said:
lolocost, so buying pr0n with cash is a "high-risk" purchase, zomg! Same for bitcoin. Where do these idiots get these ideas? It's like he drank some sewage, regurgitated it before writing this crap out.
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I done bought me some porn once with cash and it got me the clap! Shouldn't have left home with my American Express card. Just swipe it!
 
In my all too long life, I have paid for guns a couple times with a check because it was an unplanned purchase and I did not have the cash in my pocket. All the other times were cash sales, I have never bought guns or ammo with credit unless it was a lay away and even that was with cash.
 
I have been buying guns and ammo for over 40 years and I never used a credit card to pay for anything I purchased. Strictly cash only. I guess some would call me old school, meaning if you don't have the cash then you don't buy it. I realize that some people use their credit cards to accumulate points, but I am not one of those people. Yes, I still have a flip phone. LOL.
 
Cashless and gunless(among other things) have been the agenda for the public for years. Just a few years seemed like conspiracy theory to most people.
 
I like to pay cash for all my ammo, reloading supplies and guns. I don't like having the transactions traced to me because I don't want them knowing how much ammo I have or use. My wife has a simple rule that I am not allowed to buy guns on plastic so I keep a wad of cash around for when I need to buy something. If I sell any guns or related accessories I put the cash in my kitty. Each day at the end of the day I throw all my change and singles in the kitty. It doesn't take long to build up and there is enough to buy a gun. Of course this assumes you carry and use cash which I do. I always use cash for most of my day to day purchases.
 
drgrant said:
It's hilarious that they think that any of that BS will stop people from buying and selling guns. (or anything else for that matter). There will always be some kind of currency.

-Mike
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The effing idiots always pushing this kind of crap and trying to usurp our god given rights seem to forget that the "currency" paid for these rights has always been blood. Proceed at your peril kids.
 
Varmint said:
MAinstream news? Can they jail you and take your stuff whenever they please?
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Correct I'll fix it meant MSM and they set the narrative and feed the misinformation to the sheep. They have led the way for many miscarriages of justice and to me that is far more dangerous. ymmv
 
Oldarmy said:
Correct I'll fix it meant MSM and they set the narrative and feed the misinformation to the sheep. They have led the way for many miscarriages of justice and to me that is far more dangerous. ymmv
Click to expand...

The Feds, MSM and Democrats are really one unit these day so you’re probably right.
 
milktree said:
I think the point they're trying to make is that no business can survive without credit.

Sure, you can be cash only, but how big do you think you can really get if you can't make large purchases? Try buying 100,000 rounds of ammo with cash, or a money order, or gold.

This problem is *huge* for legal pot dispensaries.

Winchester couldn't possibly buy the brass and gunpowder and lead they need to make ammo without the banking system.
Click to expand...
Big distributors can spin their own financial companies. I see it in software, the big distributors finance resellers.
My company can also finance deals, I use it for government contracts all the time since their budgets are a PITA.

You dont need traditional banks. Yes, a traditional bank is great, but the market would take care of that.
 

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