Can the federal reserve bank issue credit cards?

Question

If they could give everybody a card and get rid of paper money. criminals doing Illegal transactions would have to use coins, to avoid a paper trail.

Answer 1

No privacy for personal transactions at all then?  And that's ok for you?

Answer 2

Well, let's not be half-@ssed--let's get rid of the coins too. That way, some bureaucrat (when you don't respond with "How high?," quickly enough, to their order to "Jump") can prevent you from having any access to YOUR money via those nifty little cards.

Answer 3

The Federal Reserve controls the flow of cash, interests rates and loans money to banks.  They do not issue credit cards or do business with what we would call normal banking customers (you, me, your neighbor).

Answer 4

Concerning a black market operating in a cashless economic system - once every item that is manufactured has an RFID tag, a black market could not operate. The reason for this is every transfer of money must have a corresponding transfer of ownership of the item being purchased. Even the least significant item will require a title transfer much like an automobile title transfer. This will be done automatically by the system's computers at the time of sale.

Once this system is fully implemented, a quick RFID scan of you home will reveal if you have any items that have not been properly transferred within the system. This will reveal thieves, and those who have dealt in the black market. If you do something, or hold a belief, that is not acceptable to the government, you will be declared an economic non-entity and will not be able to buy or sell. See Revelation chapter 13, verse 17.

"Believe on the Lord Jesus Christ and thou shalt be saved..."

Answer 5

You're not the first person to think of forcing people to go cashless and monitoring everyone's transactions.

That's called:

"AN ORWELLIAN NIGHTMARE"

You may soon get your wish. And, naturally, the Fed would control it all.

But it wouldn't stop crime, it would just force criminals onto a black market currency. It would CREATE crime.

It would only be used against law abiding citizens to conduct market research on their transactions, and monitor their activities and movements.

Most frightening of all, in a cashless society, a person's account could simply be turned off (i.e. by the IRS, or by a hacker) and that person would have no way to work or eat or live. Some would call that "slavery."

Answer 6

The federal reserve doesn't need to issue credit cards.  And we're already heading toward a paperless society.  There's talk about implanting a microchip into us with all our medical, educational, criminal, jobs history & bank account.  The implications of this is frightening and I fear most people are sheeple who will gladly hand over their freedom, their anonminity, their real security out of fear & ignorance.  This kind of control isn't about reducing crime either.  Don't kid yourself. It's about control of us all.  The crime rate is a reflection of deeper social problems and if left unaddressed we could be looking at an outright revolution.  But before we get there, Big Brother needs to make sure they've got our guns, our ability to change the system by making taking away our national sovereignty and making us beholden to international UN (ie more efficient) control and to total access to our money.  Any critic of the system can be branded a "terrorist" and deprived of all freedom with no recourse.  That's what they want.  Not the crime rate to go down.