FINAL WARNING: The Curtain Falls
One of the reasons being given to move towards the cashless society,
is the effect it would have on crime. An attorney wrote in the American
Bar magazine: “Crime would be virtually eliminated if cash became
obsolete. Cash is the only real motive for 90% of the robberies. Hence
its liquidation would create miracles in ridding earth’s citizens of
muggings and holdups.” A cashless society would also eliminate
extortion and blackmail for money; and the purchase of illegal
contraband, such as drugs and untaxed alcohol. However, it’s obvious
that the real reason for going cashless is that the population can be
monitored, controlled and manipulated.On the reverse side of all credit and debit cards is a 1/2” X 3” magnetic
stripe, which is called a ‘magstripe’ and contains three tracks (each
about one-tenth of an inch long):Track 1 is 210 bits per inch (bpi), and holds 79 6-bit plus parity bit
read-only characters. The information is contained in two
formats– (A) Reserved for propriety use of the card issuer; (B)
Start Sentinel (1 character), Format Code=”B” (1 alpha character),
Primary Account Number (up to 19), Separator (1), Country Code
(3), Name (2-26), Separator (1), Expiration Date or Separator (4 or
1), Discretionary Data (enough characters to fill out remaining
maximum capacity of 79 character), End Sentinel (1), Longitudinal
Redundancy Check Character (1)Track 2 is 75 bpi, and holds 40 4-bit plus parity bit characters. The
format was developed by the banking industry– Start Sentinel (1
character), Primary Account Number (up to 19), Separator (1),
Country Code (3), Expiration Date or Separator (4 or 1),
Discretionary Data (enough characters to fill out remaining
maximum capacity of 40 character), End Sentinel (1), Longitudinal
Redundancy Check Character (1)Track 3 is 210 bpi, and holds 107 4-bit plus parity bit characters. It
is a read/write track which includes an encrypted PIN, country
code, currency units, and amount authorized, but its use is not
universal among banks.However, technology is changing so rapidly, that the magnetic strip
has been rendered obsolete by the ‘Smart Card,’ which has a 2 line