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This is another reason why they want to get rid of cash. More surveillance and gun control… – Investment Watch

by Index Investing News
September 13, 2022
in Markets
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by ADdreaming

YIKES: Elizabeth Warren wants your credit card company to report you to the government.

While President Joe Biden is decrying “MAGA Republicans” as fascist, members of his own party are actively working to get your credit card company to start tracking you and reporting you to the government. Because that’s not fascist at all.

Democratic lawmakers including Sens. Elizabeth Warren and Dianne Feinstein just sent a letter to the CEO of American Express pressuring the company to start monitoring gun purchases. They essentially want the credit card company to create a special category for gun purchases — right now they’re categorized as “miscellaneous retail stores” — and use that information to report people to the police.

“Banks and credit card companies could help law enforcement preempt some mass shootings by identifying suspicious gun purchases through the implementation of a new MCC,” the lawmakers wrote. “MCCs are four-digit codes maintained by the International Organization for Standardization (ISO) that classify merchants by their purpose of business.”

Earlier: Visa, Mastercard, AmEx to start categorizing gun shop sales. “A reader comments: ‘Have you seen this yet? It sure feels like there is a very coordinated effort throughout the woke financial sector to create ‘private’ gun control. I wonder if it is being driven by interaction with the ATF, etc like the censoring of private speech by coordination between government and social media. Also, wouldn’t this enable the card companies to create a gun registry? The credit card transactions include our names and what we bought and the card company knows our addresses, etc. Seems like another example of actual fascism where government coerces private companies to do their bidding.’”



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