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Gold/Mining/Energy : Gold Price Monitor

GDXJ 106.90

+0.1%

Dec 4 4:00 PM EST

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To: long-gone who wrote (23464)	11/27/1998 12:19:00 AM
From: Investor-ex!	Read Replies (1) of 116795

Richard, Here's a follow-up on the FDIC article. However, the "major national bank branch president" in the article is anonymous, so one can't really tell if the statements about the $100 cash transaction limit are on the level. The federal government will soon track all financial transactions at banking institutions and businesses. The use of cash for payments over $100 may soon be illegal, and all paychecks will be made through direct deposit -- like it or not. My questions are: why these sudden, over-reaching FDIC proposals and why now? And don't tell me it's because of drug deals. Could it be that the fractional reserve banking system is under attack? Do we have to give up our privacy and freedom simply because the system is a house of cards? Is that the deal -- permanent loss of freedom and privacy in exchange for the temporary security of sustaining a broken system? worldnetdaily.com

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