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View Diary: Evil: DEA Bans Armored Cars From Picking up Pot Shop Cash (180 comments)

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  •  xxdr (55+ / 0-)

    SFGate had this article the other day.
    Besides the armored cars now being denied, the reason for cash is because this admin bullied the banks to not accept credit cards.
    Away from home so I don't have the link.
    Landlords are also being threatened if they lease to a pot club. And many other things to shutbthem dowm.
    Like raids with SWAT teams.
    Maybe you could search for the story and update it?  
    Sigh, another campaign promise not kept.
    Why?  Maybe it interfers with the banks laundering money for the cartels.
    Or protection for pharma to keep people on their man made dangerous drugs.
    For god's sake, it is a natural remedy.
    Alcohol and pain meds cause way more addiction and damage.

    Passing a law that the Constitution doesn't allow does not negate the Constitution, it negates the law that was passed. Secret courts can't make up secret laws. SORRY FOR THE TYPOS :)

    by snoopydawg on Mon Aug 26, 2013 at 08:06:42 PM PDT

    [ Parent ]

    •  This? (66+ / 0-)

      Medical marijuana dispensaries don't cause crime, studies have shown. In fact, they may prevent it. So why is the federal Justice Department doing everything it can to make pot clubs ideal robbery targets?

      Last year, the feds told credit card companies to stop doing business with California's legal medical cannabis dispensaries. This was after they'd given the same directive to banks. And now that medical marijuana retailers are cash-only -- and need a means to deliver large amounts of cash to entities like the state Board of Equalization -- the feds have made them unsafe.
      The DEA has informed security and armored car companies -- a necessity in a cash-only business -- to stop working with cannabis dispensaries or face penalties of money laundering and other charges, cannabis industry representatives announced yesterday.
      The move is the latest clamp-down in President Barack Obama's cold war against California's taxpaying dispensaries.

       - - - -

      "The true nature of the Obama Administration's approach to voter-approved medical marijuana is now clear," Aaron Smith of the National Cannabis Industry Association said in a press release. "They want more cash underground. They want our streets to be more dangerous. They want the lives of state-licensed providers endangered."

      It's just not being reported on "google news", only on blogs, so it would seem the DEA and the Federal Government could be squelching media attention?

      Again, they are openly encouraging criminals to rob and hurt a business operating legally at a state level.

    •  Pay with Bitcoin (15+ / 0-)

      It's still alive and yes, it's used to buy drugs. But nothing would strike more fear back where it belongs if Medical Marijuana dispensaries started accepting Bitcoin.

      It's totally secure. Since apparently drug money is legal to launder it 's almost a perfect way  for people to buy the medicine they need. Pay the merchant in Bitcoin. Then the merchant can convert it to cash and have it wired to a bank.

      The bank does't necessarily have to be in the US either. Think of the uproar that would cause as it would take a huge step forward into legitimizing Bitcoin as a legitimate currency which would freak the bankers out.

      To every action there is always an equal and opposite reaction

      “ Success has a great tendency to conceal and throw a veil over the evil of men. ” — Demosthenes

      by Dburn on Tue Aug 27, 2013 at 02:56:47 AM PDT

      [ Parent ]

      •  Bitcoin are evidence of the fact that currency is (17+ / 0-)

        a figment of the imagination, inherently worthless, merely a measure of value, like the centimeter or inch are measures of distance. Indeed, that's why the management of the currency is assigned by the Constitution to Congress in the same section as responsibility for weights and measures.
        What Congress has done in setting up the Federal Reserve to launder the dollars as they come out of the Treasury and in using the currency as a tool to manage and manipulate the population is a perversion.
        Imagine if that other figment of the imagination, our script, were used to define who could and who could not have access to information. What if some people were deprived of the ability to read and write. Oh wait, we've got that, too. We've got 30% of the U.S. adult population that's functionally illiterate. Now, whose interests does that serve? It wouldn't be the people out to exploit their labor and steal their inheritance from them, would it?

        •  I'm always amazed... (2+ / 0-)
          Recommended by:
          dejavu, Dburn

          by how few people seem to know this about any form of currency. I try to drive it home to my students when I teach anything connected to the economics of exchange, but it's a concept they still seem to have trouble grasping.

          Strategy without tactics is the slowest route to victory, tactics without strategy is the noise before defeat. Sun Tzu The Art of War

          by Stwriley on Tue Aug 27, 2013 at 06:34:26 AM PDT

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          •  A lot of effort has gone into maintaining the (8+ / 0-)

            fiction that the quantity of currency is limited by the material it is made of to render it tangible.
            The people who control the currency, whether it's the bankers of Amsterdam or the members of Congress, derive an advantage from pretending that there is not enough money or that the supply is beyond their capacity to effect.
            "Not enough money" is a convenient short-hand for not doing what one doesn't want to do and, since money can't talk, there's no dispute.
            Congress tasking the Federal Reserve with the obligation to stabilize prices and ensure full employment is the kind of "cover" the Congress has become expert at providing for itself. Banks do not create jobs, except when they go on a bender and contract for the construction of buildings and branches all over the country-side. Congress creates jobs by ordering up highways and bridges and canals and reailroad beds and airports and docking facilities, etc. By laundering dollars through the banks, they've given free money to the banks and spoiled any incentive they had to promote industry and the production of goods and services.

            Not to mention that until recently money was a taboo topic. For a while it was even referred to as "the last taboo."
            There's power in keeping things mysterious. Think of transubstantiation in the service of the Holy Roman Catholic Church.

            •  Ron Paul, is that you? (1+ / 0-)
              Recommended by:
              Dave925

              Let me guess, you want us to buy gold which actually has no worth outside of what it represents - just like all currency.

              •  I think you missed the point... (5+ / 0-)
                Recommended by:
                opinionated, mollyd, Yoshimi, hannah, kyril

                of what hannah's saying here. She's not arguing the silly Paulist position (which actually believes in the reality of "hard" currency) but rather pointing out that what's happening with our government's handling of currency now is a kind of shell game that depends on people not understanding it. Essentially, she's pointing out that the government says "there's no money" on the one hand to all those who want to spend it on things like social supports or education while at the same time they're (through the once-remove of the Federal Reserve) printing it in abundance and shoveling it out the door to the banks with the other hand, all for a purpose that doesn't benefit most of us.

                Strategy without tactics is the slowest route to victory, tactics without strategy is the noise before defeat. Sun Tzu The Art of War

                by Stwriley on Tue Aug 27, 2013 at 09:52:58 AM PDT

                [ Parent ]

              •  If Ron Paul Decided Shit had that same quality as (0+ / 0-)

                gold, then shit would indeed be gold in the Libertarian canon. It's only a matter of what the majority of people accept as having value and that's that.

                Roadside gravel works fine too.

                "We have become a Nazi monster in the eyes of the whole world - bullies and bastards who would rather kill than live peacefully. We are whores for power and oil with hate and fear in our hearts" - Hunter S. Thompson

                by Dave925 on Tue Aug 27, 2013 at 04:49:45 PM PDT

                [ Parent ]

                •  Not entirely (0+ / 0-)

                  Currency works as a medium of exchange mostly because its quantity is limited, because its major purpose is to trade for things whose quantity is also limited. If you can just go out and get it for free in effectively unlimited quantities, you're not going to accept it in trade for something that actually takes work/limited resources to produce.

                  It's true that currency only works because people accept it as having value. But it's not true that people will accept any old thing as having value. Or at least not in practical-sized amounts. If we went to a gravel-based economy, for instance, we'd be trading in wheelbarrows or even truckloads of gravel for relatively ordinary commercial exchanges.

                  If it's practically possible to create unlimited quantities of a currency (as in electronic or paper money) then there need to be artificial restrictions on how much of it there is. Or if you're going to make it unlimited, it needs to be really hard to just go out and make a meaningful amount of it without engaging in commerce (as in online game economies). Gravel could qualify under the latter, but then "meaningful amounts" would be impractically enormous.

                  "Let’s just move on, treat everybody with firmness, fairness, dignity, compassion and respect. Let’s be Marines." - Sgt. Maj Michael Barrett on DADT repeal

                  by kyril on Wed Aug 28, 2013 at 01:15:35 AM PDT

                  [ Parent ]

            •  The Fed conjures up 85B a month (1+ / 0-)
              Recommended by:
              Dave925

              To buy Mortgage Back Securities or as it's known as Quantitative Easing Version Infinity?

              More and more money for the bankers. An indirect bailout by buying Defective agency MBS with 000s and 111s that Fannie and Freddie threatened to "Put Back " on the bankers which would have cost them hundreds of billions and made them insolvent.

              Now the fed is in a bind as interest rates are levitating on their own accord. The only thing left is to with draw support from the stock market so people will rush back and buy bonds.

              Imagine if they put that 85b a month as a direct investment into the economy. Pure havoc as inflation would start to take hold by the time it hit 1 Trillion. Inflation is already here but disconnected Washington has papered it over.

              I got a email one night from the Democratic party telling  me this grand experiment was underway to print our way to prosperity without raising inflation. It was that day when I realized $100 worth of groceries looked much like $50-$60 worth 4 years ago.

              “ Success has a great tendency to conceal and throw a veil over the evil of men. ” — Demosthenes

              by Dburn on Tue Aug 27, 2013 at 09:15:45 AM PDT

              [ Parent ]

        •  Partially true. (2+ / 0-)
          Recommended by:
          Alice in Florida, hannah

          Currency is a form of contract between two or more individuals and does have worth but only when those individuals recognize that it represents something.

          •  Right. Just as a marriage contract is only worth (0+ / 0-)

            something as long as the partners honor it. The state is just a validator of the documentary evidence. The problem with currency is that the banks want to get in on the act and rip off a piece for themselves.

    •  We have heard for decades that the use of (8+ / 0-)

      cash is on the way out. The reality is that people using cash keeps increasing. Last year the Bureau of Printing and Engraving sent out more hundred dollar bills than every before (three hundred billion dollars worth).
      I thought that the federal government transition to electronic deposits of pension and welfare payments was designed to provide the banks with a reliable income stream that they could earn profits on via short-term investments--maybe make up for the fact that student loans were shifted from banks to the Department of Education to "save" the interest and fee expenses associated with delayed or non-repayment.
      Now it looks more like the predicted demise of cash was wishful thinking and the increasing size of the shadow or underground economy is leading to a prohibition on cash use by certain categories of enterprise. Cash does enable the shadow economy to thrive. Indeed, the only person that seems to be tracking the shadow economy, Edgar Feige, estimates that the U.S. version is now up to $2 trillion

      http://www.cnbc.com/...

      It used to be argued that the shadow economy was made up of illegal trade and exchange of contraband. Now it is being recognized as activity that's not being taxed.
      Most economists seem to think people avoid taxes because they can't or don't want to spare the money. I'd argue that avoiding the waste of time it takes to keep the records is a more likely rationale. Electronic payments don't take more time, but if you visit NH, where there is no sales tax and pay cash, you really notice the difference--if only because you can't be certain of what you have to pay ahead of time.

      I'm not sure why most economists don't focus on the fact that currency saves time. Maybe people attracted to the academic consideration of trade and exchange are people for whom time is not particularly significant. Also, many are more interested in human motivation and psychology, rather than the functional attributes of economic activity.

      •  It's not just the shadow economy (0+ / 0-)

        It's become substantially more difficult in recent years for people in certain social classes to access banking services, thanks to the PATRIOT act ID requirements and the increasing use of credit checks for basic checking accounts. So a lot of people don't really have many options: it's either cash or a prepaid card, and cash is cheaper.

        Also, it's gotten a lot harder to use checks, so most people don't have them, so large interpersonal transactions that used to mostly be done by check (subtenant rent, second-hand purchases, etc) are increasingly being done in cash because the alternative is paying fees for money orders.

        People who don't like debit cards are also using cash for small purchases where they used to write checks: groceries, clothing, etc.

        "Let’s just move on, treat everybody with firmness, fairness, dignity, compassion and respect. Let’s be Marines." - Sgt. Maj Michael Barrett on DADT repeal

        by kyril on Wed Aug 28, 2013 at 01:24:06 AM PDT

        [ Parent ]

    •  Clearly the Holder DEA is getting inspiration from (7+ / 0-)

      both formerly-legal interstate tobacco commerce and now the forced birth crowd: if you can't make it outright "illegal", make it "unavailable" and/or "unobtainable".

      > Zone / intimidate / T.R.A.P. the LEGAL pot shops out of existence.
      > Cut off the LEGAL funding / cashflows and force them underground and offline.
      > Make it as impossible as possible to conduct business. Because Freedom.

      Of course wherever there's a void, there are people and entities more than willing to fill it.  No problem getting private security (unless they're all wrapped up in another off-continent war), and probably no problem getting "an organization" to be the bank.

      That's the way the Reagan Clinton Holder Obama DEA have to play it, since in this instance the substance, its purchase, possession and use is legal so they need to make everything else supporting it less-than-legal.

      Holder and his crew can go power-f*ck themselves with a massive dildo bong.

      Stand Your Ground Against ALEC

      by here4tehbeer on Tue Aug 27, 2013 at 05:43:45 AM PDT

      [ Parent ]

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