Quote from: K-Dog on Nov 23, 2023, 09:12 PMI wonder why

Quote"You do realize there are three letter government agencies that can already cancel your credit cards any time they want.  Don't you?"

always gets ignored.  It mystifies me that the truly paranoid never consider that shit already happens.  It always is in a future and never right now to them.

Which is why many people who are at-risk of being targeted for investigation by the FBI, DEA, ATF, IRS, NSA, CIA, INS, TSA or BHS keep a substantial amount of money in CASH in Safe Deposit Boxes or buried in one of the National Parks off the main trails and keep the lat/lon of the location in a file encrypted with GPG4USB on a MicroSD card in a waterproof capsule they store in their Prison Wallet.  Not only your Credit Cards can be stopped, but you bank accouunts and stock trading accounts all can be frozen in a matter of seconds leaving you only with the money you have on you if you need to skip town.

This of course is the reason for numbered Swiss Bank Accts, Cayman Islands Accts and why many held very high hopes for Crypto as a means for having stored money Da Goobermint can't touch if you run afoul of their approval of your activities.  Of course, folks whose activities include things like Drug Smuggling and Weapons Trafficking have a lot to worry about in this regard, so most people tend to believe if you are just a nice law abiding citizen you have nothing to worry about, but sadlly that is not necessarily true.  Mistaken Identity and Identity Theft can be a problem, and targeting for political purposes is most certainly possible also.  J. Edgar Hoover of the FBI was well known for making miserable the lives of anyone he disagreed with politically who had even limited notoriety.

Crypto has turned out to be not so great and Gold can be problematic due to the fact any transactions over I think $600 have to be reported to the IRS.  Offshore bank accounts can be hard to get the money from if you don't have a functioning bank acct here to transfer money to.  So, CASH remains King as the money safety valve in the world of plastic and digital currency that has evolved.

Cash itself can be a problem to work with except in small transactions of say <$10K, but once you wanna buy something bigger than that it can be difficult to pay cash.  If you walk into a Porsche dealership and wish to pay Cash for a 2023 Porsche 911 which retails around $300K, I'm pretty sure a call will be made to the local cops on the high probability you are a drug dealer. lol.  Same thing buying a house, I'm not sure walking into a closing with a briefcase with $500K in it to buy a McMansion if it is that easy to just hand over the briefcase and get the Title signed over by the seller without having bankers and lawyers all hovering around.

In any event, I have never had that much surplus money around to need to bury it or use a safe deposit box, but I have always recommended all Doomers keep a few grand in cash around for emergencies.  On occassions all the cash machines and store POS registers all suffer an outtage, having cash to buy your smokes is essential.

RE