New credit card code for gun shops

The so totally not biased and politically active bureaucrats that make up the vast majority of federal and state government agencies will gleefully monitor such a system.

Such as that CA Inspector during covid that shut down that restaurant and was doing a victory dance to rub it into the employees face

 

Negative. They just announced a Summer 2023 launch. I may have used the wrong term whenI said "FedCoin" but they absolutely are not going up on Central Bank Backed Digital Currency (CBBDC); it offers them too much power to resist it.



I may have used the wrong term when I said "FedCoin" but they absolutely are not giving up on Central Bank Backed Digital Currency (CBBDC); it offers them too much power to resist it.

Wether or not they use that power to curtail 2nd Amendment rights remains to be seen, but I'm not optimistic. Indeed, in a post-Bruen world, and with the current make-up of the Supreme Court, financial tools may be the only effective tools at their disposal.

 

This is a very good article. A very good explanation.
https://nationalgunbroker.com/news/...un-store-transaction-code-to-track-purchases/

 

For anyone who thinks this is "no big deal," that this is just an extension of an already existing procedure, remember that, as Braden over at Langley Firearms Academy (youtube) says, "everything has a reason" and "look at the why." WHY are they doing this? The existing codes worked for a long time. It may, and likely will, take years for us to find out.

 

First - my local "gun dealer" sells everything from farm supplies and general hardware to clothing and outdoor cookery items.
Less than a third of his floor space is dedicated to firearms.
The resulting data from this shop, like most others, will be meaningless.

Second - I've removed most of my money from banks and use my credit cards purely as a convenience.
I never carry a balance.
I don't plan to cut up my cards, but it would be easy to minimize my use of this little convenience.
Going to cash for firearm-related purchases is no problem, especially as I almost always make my purchases face-to-face.

I would suggest that other folks here should at least consider emulating at least part of this policy... .

 

Cash is king... CCs are useful I guess... Just not the interst rates and data loss/tracking potential... To quote something out of a really old manual I have... "Owe no man anything..."

 

I would say something along these lines has been happening for a while now. It all depends on the bank that the credit card is through. I will give my own personal experiences to back up my statement.

I have a Master Card issued by Barclays. They will definitely decline the transaction if I use that card at places such as: Midway USA, Primary Arms, Palmetto State Armory, and my local gun shop. Yes the transactions were denied when I tried to use that card at each of those places. I have zero issues using the same card at places such as Academy Sports, Bass Pro or Cabela's.

So as you can see, some banks have been denying transactions already. And for the times my transaction was denied, I was not buying firearms or ammo.

 

Just knowing that you purchased some unknown items at a sporting goods or gun shop doesn't do anyone much good. I believe they created the new code under pressure from woke banks who will likely soon begin denying such charges. After all, "If we just save one child".

 

It was too late 20 years ago... It's taken the populist that long to (begin to) awaken from their slumber... I've been in IT since 1982... The average person has no idea how data mining works... Nor do they really care... I'm kind of a sheeple myself... And I know what's out there... Time for another trip back in my "Hot Tub Time Machine"...

 

Like the song goes, " You know and I know"....

But the truth of the matter is to function in this 'modern' society, you have to have internet at a minimum. No matter how long , eventually you start leaving breadcrumbs. Except for a few hardcore, not me ever, folk.

 

Exactly... One guy asked if I'd given up on my digital security... No... It's just how it is now...

 

I have never used a credit card to buy a gun anyway.
Online ammo is about the only time I use plastic for anything gun related.

 

This goes hand in hand with UPS and FedEx policies not to ship guns unless there is an FFL involved on BOTH ends. The administration can't get the anti gun legislation they want passed in Congress or supported by the Supreme Court, so they pressure businesses to discriminate against gun owners for them.

It's not new, see Operation Choke Point.

 

It is interesting to note that significant purchases at firearms stores would be considered suspicious, but $4K in online purchases of women's apparel, shipped to an address 7 states away from where I live wasn't.

 

Now

Not a big leap to connect to POS to CC.
CC is already connected to the register.

 

"They" know that and don't care. It is CONTROL of those who could overthrow them.

 

I just ordered some .556 ammo from Cabelas. Im curious what my statement will say. AHH it came up as Merchandise.

 

I don't find any such announcement on the federal reserve bank website. As of June 30th they write:

While the Federal Reserve has made no decisions on whether to pursue or implement a central bank digital currency, or CBDC, we have been exploring the potential benefits and risks of CBDCs from a variety of angles, including through technological research and experimentation. Our key focus is on whether and how a CBDC could improve on an already safe and efficient U.S. domestic payments system.

CBDC is generally defined as a digital liability of a central bank that is widely available to the general public. Today in the United States, Federal Reserve notes (i.e., physical currency) are the only type of central bank money available to the general public. Like existing forms of money, a CBDC would enable the general public to make digital payments. As a liability of the Federal Reserve, however, a CBDC would be the safest digital asset available to the general public, with no associated credit or liquidity risk.

The Federal Reserve Board has issued a discussion paper that examines the pros and cons of a potential U.S. CBDC. As part of this process, we sought public feedback on a range of topics related to CBDC. The Federal Reserve is committed to hearing a wide range of voices on these topics.
​

The discussion paper mentioned was issued on January 20 of this year.

The FedNow service the youtube narrator mentions is just kind of an expansion of something like zelle, enabling probably ALL bank transfers to be made in real time.

 

Sad.

If it were me I would replace that card with one that doesn't decide where I can spend my money.

 

Cash is already on the way out here. Increasing numbers of merchants won't take it.

 

The manufacturer inventories the bar code.
BC is is shipped to Distribution Center and scanned into inventory.
BC is shipped to RETAILER and scanned into inventory.
BC is scanned into POS at register. CC scanned and FLAG picks up BC.

CC declines sale or ???? nefarious agenda they have planned.

 

Not a big leap? Sure, if you have no idea what would be involved...

It's easy in theory, but practically speaking nearly impossible unless willing to spend 100's of millions, maybe billions of dollars.

If they could have transaction level detail the new merchant code would be absolutely meaningless.

 

I think some big retailers (Wal-Mart) may already use more than one code in their business.