[107909] in Cypherpunks
FDIC heading toward PRE-PAID Cash Cards instead of CASH
daemon@ATHENA.MIT.EDU (Joseph 'Anonymous' Howe)
Thu Jan 28 02:09:41 1999
Date: Thu, 28 Jan 1999 02:55:42 -0400
From: "Joseph 'Anonymous' Howe" <nobody@privacy.nb.ca>
To: cypherpunks@cyberpass.net
Reply-To: "Joseph 'Anonymous' Howe" <nobody@privacy.nb.ca>
...
"I guess that's how they were able to do it, in the way they did, without anyone knowing beforehand. If there still had been portable money, it would have been more difficult.
"It was after the catastrophe, when they shot the president and machine-gunned the Congress and the army declared a state of emergency. They blamed it on the Islamic fanatics, at the time.
"Keep calm, they said on television. Everything is under control."
...
"That was when they suspended the Constitution. They said it would be temporary. There wasn't even any rioting in the streets. People stayed home at night, watching television, looking for some direction. There wasn't even an enemy you could put your finger on."
- Offred, _The Handmaid's Tale_
ISBN 0-449-21260-2
On Tue, 26 Jan 99 15:08:35 -0800, "Vladimir Z. Nuri" wrote:
>
> From: "The Christian Alert Network" <ctomlin@ns.vvm.com>
> Subject: SNET: FDIC heading toward PRE-PAID Cash Cards instead of CASH
> Date: Wed, 20 Jan 1999 16:18:38 +0000
> To: TCAN.Alert.Net.#.9@ns.vvm.com
>
> -> SNETNEWS Mailing List
>
> URGENT * URGENT * URGENT * URGENT * URGENT
>
> Subject: FDIC heading toward PRE-PAID Cash Cards instead of
> CASH.
>
> The first part of this message will sound familiar .... however there
> is NEW information following the background.
> ...
> Given the above background, you can refresh you memory on the
> details of this very dangerous legislation by going to the TCAN
> Web Site at [ http://www.vvm.com/~ctomlin ]
>
> The government objective here is to eventually make local financial
> institutions the only source of legal tender for the individual. At
> this point and for the purpose of this paper, legal tender is defined
> as dollars, debit cards or other credit cards. When the above
> objectives have been fully accomplished, it will then be a very
> simple matter to implement the rest of the plan which is, to outlaw
> all cash transactions and require all transactions now involving
> cash, be accomplished through the use of checks and or smart cards
> followed by the eventual elimination of the checks.
>
> Since the above alert was published we have been doing additional
> and more extensive research into the background and history of
> such an invasion of individual privacy. As a result of that effort
> we
> have assembled a rather large inventory of U. N. and other related
> documents. One of those documents is identified as follows. This
> FATF document is rather long thus we will quote only five
> paragraphs from that document as follows.
> The entire FATF document can be viewed at
> [ http://www.oecd.org/fatf/evaluati2.htm ]
>
> ******************************************************
> The Financial Action Task Force (FATF)
> [ http://www.oecd.org/fatf/evaluati2.htm ]
>
> Background
>
> The Financial Action Task Force on Money Laundering (FATF)
> was established by the G-7 Summit in Paris in 1989 to examine
> measures to combat money laundering. In April 1990, the FATF
> issued a report containing a programme of forty Recommendations
> in this area. The Recommendations are designed to provide a
> comprehensive blueprint for action against money laundering
> covering the criminal justice system and law enforcement; the
> financial system and its regulation; and international co-operation.
> The Recommendations are not a binding international convention,
> but each of the FATF members has made a firm political
> commitment to combat money laundering. In 1996 the
> Recommendations were modified to take into account recent
> money laundering trends and potential future threats.
>
> <snip>
>
> 83. Denmark has recently introduced legislation dealing with the
> issuance of prepaid cash cards. The issuers of the cards are under
> the supervision of the Danish Financial Supervisory Authority
> except for cards with a value under DKK 500 (approximately US$
> 80). The legislation does not prescribe any identification
> requirement to individuals or companies buying prepaid cards, but
> the issuers must keep a register of all cards in circulation. Such
> registers can contain useful information for security purposes (the
> balance outstanding on a cash card, counterfeit cards, card used for
> a total exceeding the value).
>
> (ii) Record-keeping requirements
>
> 84. Some FATF members are confident that an adequate track of
> the transactions which are carried out by stored value cards,
> particularly for large transactions (Australia) or for any kind of
> transaction (France), would be maintained, because the general
> anti-money laundering requirements would apply. This is probably
> true where stored value cards are issued and managed by banks.
>
> 85. Although the re-loading of smart cards is ultimately made
> through the debit of a bank account, they can be used by anyone,
> anywhere, and for whatever reasons, in the same way as any other
> bearer means of payment, especially for the multi-purpose smart
> cards. There is therefore no effective means of keeping track of the
> relation between the bank account holder and the card holder.
>
> 86. It is in fact possible to keep track of the bank account which is
> debited if the card management company regularly reports to every
> issuing institution all the transactions which have been settled
> through each card. It would also be interesting if the amounts
> loaded in a card could be registered in a central database.
> Maintaining a central database of transactions, or data retrieval
> capacity, would allow the participating banks to monitor
> transactions. Furthermore, where cards are not linked to a bank
> account, both the loading operation and the subsequent payments
> are anonymous, so that no paper trail is generated. This problem
> could of course become more acute if purse-to-purse transactions
> are allowed.
> <snip>
> ******************************************************
>
> The U. S. Federal Government, thru the FDIC is without question
> rapidly heading toward a cashless society where even the most
> minute activity of individuals can be monitored, tracked and
> recorded in a master data base. This monitoring and tracking is
> accomplished thru the use of the magnetic strip on the back of the
> card or the computer chip imbedded with the card or a combination
> of both.
>
> In view of the many dangerous possibilities inherent in such a
> system "The Christian Alert Network (TCAN)" is launching a
> NATIONWIDE PROTEST to oppose the government plan.
>
> ACTION REQUESTED
>
> We (TCAN) urge ALL AMERICANS to IMMEDIATELY:
>
> 1. CANCEL ALL" BANK DEBIT CARDS" and other credit
> cards.
>
> 2. Cut each debit/credit card into four pieces. WE NEED TO
> SEND CREDIT CARD PIRCES BY THE TRUCK LOAD TO
> THE FOLLOWING.
>
> 3. Send a letter of protest to each of the following and include one
> piece of the debit/credit card.
>
> The FDIC must receive your letter of protest before March 8, 1999.
> Address your letter of protest to:
>
> Robert E. Feldman, Executive Secretary
> Attn: Comments\OES
> FDIC
> 550, 17th Street St, NW
> Washington, DC 20429
>
> and also
>
> Communications Division
> Office of the Comptroller of the Currency
> Attention: Docket No. 98-15
> 250 E. Street, SW
> Washington, DC 20219
>
> 4. Send a letter of protest to your U.S. Representative and include
> one piece of the debit/credit card.
>
> 5. Send a letter of protest to the President of your local bank and
> include one piece of the debit/credit card.
>
> 6. Then, withdraw ALL the funds in your personal checking
> account and conduct your personal business in CASH ONLY. Do
> not write personal checks for anything other than cash.
>
> This alert is extremely important and very urgent. Friends, lets be
> realistic ... the only way we are going to be able to protect our
> "right to privacy" is for AMERICANS BY THE MILLIONS to
> come down on the federal government and the FDIC in particular,
> like a brush fire in a wind storm. For that reason we urge that you
> forward this alert to the maximum extent possible and encourage
> nationwide mass participation .
>
> If your and or your organization will participate in this protest, I
> would appreciate it very much if you would send me an email and
> simply put the following words in the subject line.
>
> "FDIC PROTEST YES"
>
> Rev. "Curt" Tomlin
> Major USA Ret
> President TCAN Inc.
> ***********
>
> -> Send "subscribe snetnews " to majordomo@world.std.com
> -> Posted by: "The Christian Alert Network" <ctomlin@ns.vvm.com>
"Mary had a crypto key,
she kept it in escrow,
and everything that Mary said,
the Feds were sure to know." -- Sam Simpson
#!/usr/local/bin/perl -0777-- -export-a-crypto-system-sig -RC4-3-lines-PERL
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]+$y)%256;&S}$x=$y=0;for(unpack('C*',<>)){$x++;$y=($s[$x%=256]+$y)%256;
&S;print pack(C,$_^=$s[($s[$x]+$s[$y])%256])}sub S{@s[$x,$y]=@s[$y,$x]}
