Got this from Western Union today (I have a business account with them)
“In order to meet our legal and regulatory responsibilities we undertake regular Know Your Customer checks to verify the identity of our customers and to establish the source of funds and the nature of the transactions being undertaken.”
Now bear in mind I just set this account up only 4 months ago. They already have all the information they are requesting. Information that never changes (operating agreement, IRS letter showing the EIN number, etc).
This is the beginning of the perpetual permission state, where like a parolee on probation we have to check in with our master to let know them we are still being a good little doggy and have not gotten in with the “bad crowd”. It won’t be long until your bank starts asking you for similar info (birth certificate, SSN card, proof or residence) all to maintain the privilege of keeping money in a bank account. And there will be no alternative (until bitcoin becomes mainstream) as Uncle Sam has his heel on the neck of every bank on the planet.
This is what the war on terror and the war on drugs has gotten us: life in the Panopticon. All financial transactions must be “approved” by our true owners: the state. We must bow down and humbly offer proof of our non-criminality, otherwise we will be cast out, forbidden to engage in any sort of mutually beneficial exchange in the marketplace.
I for one am tired of kissing the ring. Piss off – my business is none of your business!
Reprinted with permission from Porcupine Musings.