The Reptilian Resistance Forum: 721. Debit card case (5/26/2012)

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721. Debit card case (5/26/2012)

Posted by Sung on June 6, 2012, 9:25 pm, in reply to "587. A nuclear bombing to justify Iran war (2/10/09)"

721. Debit card case (5/26/2012)

When I found the Feds tried to plant the illegal money (fake money or marked drug money) on me, I abandoned the hundred dollar bill and turned on to small notes. Still, I found the Feds tried to feed illegal small notes to me. There was a period I wrote check to pay the super market. In 2011, I applied a debit card and since then I use it in my purchasing activities.

In later 2011, Bank of America intended to charge new fees on debit card customers. The news said other banks ready to follow. The unresonable new bank fee charge was protested by massive customers that in the end Bank of America had to cancel that plan, so did the othr banks.

[quote] In Retreat, Bank of America Cancels Debit Card Fee

Published: November 1, 2011
Alan Diaz/Associated Press

The bank, the nation’s second-largest, said it was abandoning its plan to charge customers a $5 fee to use their debit cards for purchases. Only a month earlier, the bank had announced the new charge, immediately setting off a huge uproar from consumers.

http://www.nytimes.com/2011/11/02/business/bank-of-america-drops-plan-for-debit-card-fee.html [/quote]

I dependent on relatives' aid. I try to restrict my food expense within one hundred dollars a month. So I had a feeling that new bank fee was created against me.

Later that month, a news reported debit card ID stolen case.

[quote] Save Mart issues identity theft warning
By Rick Hurd
Contra Costa Times Nov. 25, 2011

WALNUT CREEK —

The company issued a news release Wednesday saying that upon routine maintenance, store employees found credit and debit card readers that had been tampered with in the self-checkout lanes of 19 Lucky stores and one Save Mart store.

In addition to its stores in San Jose, two Lucky stores in Fremont and one each in Santa Clara, Milpitas,.......

http://www.modbee.com/2011/11/24/1961589/save-mart-issues-identity-theft.html

"500 victimized in Lucky credit card skimming case

Friday, December 09, 2011

SAN FRANCISCO -- Save Mart spokeswoman Alicia Rockwell said the Secret Service called the skimming devices "extremely sophisticated."

http://abclocal.go.com/kgo/story?section=news/local&id=8459848 "[/quote]

Save mart and Lucky store in San Jose and Milpitas are the super markets I used to go for my food. Of course the thief who uses "extremely sophisticated" device to steal ID had never been caught. I think it was done by the Feds to intimidate after I started to use debit card.

I think all these cases and event happened at that time were created by the Feds. It was an effort to push me back to use the bank notes.

722. Sheriff Biden and $1 coin (6/5/2012)

To avoid falling into the trap of fake money or marked money set up by the Feds, I have to abandon the notes - even small amount one. Sometimes the purchase was only several dollars. I paid coins. Later last year, when the Feds worked hard to push me back to use the paper money, they also blocked the production of $1 coin.

[quote] Sheriff Biden cracking down on $1 coin production
byCharlie Spiering Commentary Staff Writer

Vice President Joe Biden today announced the U.S. Mint would suspend the production of dollar coins for circulation, which according to a release from the White House, "will save taxpayers at least $50 million per year in production and storage costs."
Biden announced during conference call that he was "intent on changing the way the government does business," reminding listeners that "nobody wants these coins."

After Biden spoke, Treasury Secretary Timothy Geithner joked that "under relentless pressure" from Biden, the Treasury Department found ways to cut government spending.

http://campaign2012.washingtonexaminer.com/blogs/beltway-confidential/sheriff-biden-cracking-down-1-coin-production/254221 [/quote]

Of course, people didn't know Biden worked on behalf of the Feds. They argued:

[quote] CAGW Reacts to VP Biden’s Dollar Coin Announcement

December 13, 2011 02:15 PM Eastern Daylight Time

On March 4, 2011, the Government Accountability Office (GAO) issued a report highlighting the substantial benefits of discontinuing $1 notes in favor of $1 coins. The GAO estimated that phasing out the $1 note and increasing circulation of the $1 coin would save taxpayers an average of $184 million annually and a total of $5.5 billion over the next 30 years.

Most of the cost savings associated with coins comes from their comparative durability. The Bureau of Engraving and Printing produces approximately 3.4 billion $1 bills each year, each of which costs 4.2 cents to manufacture and lasts 40 months. By comparison, the $1 coin costs between 12 and 20 cents but has a lifespan of 30 years or more. The $1 coin also saves money because it is cheaper to handle and process.

The GAO report also points out that “Over the last 47 years, Australia, Canada, France, Japan, the Netherlands, New Zealand, Norway, Russia, Spain, and the UK, among others, have replaced lower-denomination notes with coins … Canadian officials later determined that the Canadian government saved $450 million (Canadian) between 1987 and 1991.”
CAGW President Tom Schatz said, “The Obama administration’s decision to kill the $1 coin is exactly the wrong policy choice, one that flies in the face of any supposed regard for taxpayers’ wallets and defies common sense. To make matters worse, it usurps Congress’s authority to legislate coinage and money production.

http://www.businesswire.com/news/home/20111213006509/en/CAGW-Reacts-VP-Biden%E2%80%99s-Dollar-Coin-Announcement [/quote]

Anyone with common sense knows the simple math of savings if $1 coin is used: $184 million (savings of coin durability) - $50 million (production and storage cost) = 134 million annually. (or that $184 million has covered that cost already?)

This is a typical story how the Feds control this country with their informants. Vice president Biden worked relentlessly to block the $1 coin. He was awarded the title "Sheriff". Though it was not the first time to propose of production of $1 coin, the occasion was significant. There is a deficit crisis in US economy. Social programs are cut to save money. Even Pentagon has to shrink its spending. Yet, the Feds has its way to squander taxpayers' money for its case.