"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Banned: Chase Bank Says You Can No Longer Store Cash or Precious Metals In Your Safe Deposit Box
Submitted by Melinda L. Secor on Sun, 2015-04-26 01:00
"The reasons for this new policy change should be clear and should come as no surprise. If you can’t keep your cash or precious metals in a safe deposit box, what are you supposed to do with it? The answer is simple: You’re not supposed to have cash or gold. You’re supposed to keep your money in a zero-interest bearing account with your financial institution. Either that or stuff it under your mattress. And this is where the scam comes in."
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Comments
For regular banking stuff a locally based, member owned credit union is a much better bet. Without wealthy corporate types running them (unlike Chase, CitiCorp, BoA, et alia) the pols in DC have much less clout for putting agendas (e.g. "Operation Chokepoint") on their business practices. There is still some fed and state imposed crap to contend with, but it's a lot less, and there are more "work arounds" available.