US Treasury Department Seeks to Track Financial Transactions of Personal Bank Accounts Over $600: The Biden Administration plans on taking unprecedented looks at individual's bank accounts.

NOQ Report ^ | 09/15/2021 | Peter Jacobsen

[DuncanWaring]

All the above, I would imagine.

[I want the USA back]

Of course they will do this, and the ruling elite will be exempt. First they monitor. Then some genius gets the idea that he can write an algorithm to detect illegal activity, writes the program, and millions of innocent people are arrested because totally legal activities fit into the algorithm’s “pattern” of fraud.

This is to prepare the way for total control. (It’s coming.) They want to be able to TAKE whatever they want (ruling elite exempt).

[rlmorel]

Obviously, this is far more than finanicial.

Everyone has something, everyone has broken some law, everyone has had some transgression somehow, someplace, somewhere.

Giving the Government legal carte blanche to comb over your personal, travel, financial, posting, surfing, sexual, educational, professional, employment, entertainment, or any other history with a fine tooth comb and compare it every law in the Federal Register to look for violations (something I am certain they can do with AI now or in the near future) and prosecute at their pleasure.

Beria, the head of Stalin's State Security is famous for having said "Show me the man and I’ll find you the crime."

That is not only exactly what this is for, this is where we are headed. And believe me, this will be far more encompassing, invasive, and tyrannical than anything Stalin, Beria, Mao, Castro, or Xi could possibly dream of. And all of them, most of all Xi, can dream of a lot.

Technology, cheap storage, high speed networks have been things most people in the last 40 years have clamored for, and those things have indeed improved our lives in countless ways. But that said, those wonderful things, when paired with ubiquitous cameras and surveillance equipment, access to all that information mentioned above regarding your current and historical information, brought together by people who have amply demonstrated they are no different than the East German Statsi circa 1981, is a chilling and frightening prospect indeed.

Over the last decade or two, I have often thought of Winston Churchill's famous passage in his "Finest Hour" speech:

"...But if we fail, then the whole world, including the United States, including all that we have known and cared for, will sink into the abyss of a new Dark Age made more sinister, and perhaps more protracted, by the lights of perverted science..."

It is that "lights of perverted science" that has really been eating at me

When you have a country like Communist China (being promoted as something America should emulate by many Americans including many high in our government in this administration) who, by 2022-2023 is expected to have one state operated video surveillance camera for every two citizens, partnering with Google, which shapes and forms the "facts" meted out to billions of people every single day, that should give us serious pause.

Those "lights of perverted science" were not even a faint future gleam in June of 1940.

Today, those "lights of perverted science" are not only are they a reality, we are currently being crushed by them, and this is only the beginning.

Our Founding Fathers knew all too well that human behavior was inherently and unavoidably flawed, and innocently placing trust and power into the hands of people who promised to handle that power benevolently was not only a pipe dream, but it was something the entire American Revolution was based on fighting, and the Constitution was exquisitely constructed to prevent: The power of an overbearing government being concentrated in the hands of people and giving them the ability to tyrannize people.

[rlmorel]

And these people have clearly shown, through the abuse of the PATRIOT Act, the persecution of Trump, Flynn, and many of the 1/6/2021 protesters, that selectively prosecuted law is a great way to tyrannize opposition to their plans.

[rlmorel]

Yes. You see it clearly. It will be a “tool”.

A tool not only for control and seizure of your finances, but for control and seizure of the person.

[jaydubya2]

I received a link from my bank to sign a petition to oppose this:

https://secureamericanopportunity.com/take-action/oppose-new-irs-reporting-requirements-take-action/

[freeandfreezing]

Do they really mean $600 and not $600k? This seems absurd.

Yes, they really do mean $600. This has been a long term dream of the Washington elites. They want to see every business transaction, and every personal transaction people make.

A few years ago they were trying to make businesses file 1099 forms for every payment they made, even to other businesses. That idea luckily was defeated by Republicans. If it had passed every business in the country would have had to send out 1099 forms to the IRS and the other businesses for everything they bought. Imagine the accounting nightmare that would have been. You would have to figure out in January how much money your business spent in total (subtracting any credits or returns of course) with Staples, United Airlines, Home Depot, McDonalds, the corner hardware store, etc. And then gather their taxpayer ID numbers and the exact corporate identity that you ended up paying. But that's not so simple. In the case of the McDonalds restaurants where you bought coffee for your crew on the way to the job the owner might be a franchisee, or some LLC, or McDonalds corporate. Each would get a separate 1099.

This scheme is trying to directly get that information from banks. It puts a big burden on them, and on businesses and individuals. Everyone will need to track and keep records for every deposit they make.

At some point structuring transactions to be under the limit will become illegal, and then you'll have to be able to prove that you didn't deposit $570 from your yard sale that brought in $610 because you were trying to avoid depositing $610. You'll need the receipt for the $40.00 tip to the guy who hauled away the trash after the yard sale for that.

This kind of scheme is unlikely to do anything useful other than unfairly burden businesses and individuals.

[Steve_Seattle]

Maybe this is intended to identify people who work on a cash-only basis in order to avoid reporting the income. A lot of self-employed plumbers and painters and carpenters do that.

[E. Pluribus Unum]

[Bob434]

Did you write this? If so, very good post, and very true. the Bible speaks about the great delusion that the whole world falls for in the end times, and that de,usion may very well be that people beleive that big totalitarian government is what we should have.

There is a,push by the gov right now to paint conservatives as dangerous, as domestic terrorists, and I. The end times, the peol,pool, will be clamoring for their governments to clamp down on the ‘radicals’ who resist, and we are seeing th3 government, iteral divide people by getting the vaxed to despise the unvaxed. (It’s so bad that some are now demanding that they be allowed a “booster shot” now before its even been reviewed. They are so afraid and angry at the unvaxed that they are willing 5o risk their own health to comply with the government and be In Their good graces before the crap hits the fan)

We are In a very very bad place in this country right now- tettering on the edge of communism/marxism. And sadly many sheep are clamoring for us to go over the edge stright into the hell of marxism. Far too many people want to be dominated by overlords. It reminds me of Israel begging God to be ruled by kings ‘like all the other nations around them were. God reluctantly allowed them their wish, and they suffered terribly for it most of the time.

What is the solution to the bank issue? One not so good answer might be to take money out and buy gift cards to purchase with online, but I thi k those onl6 go up to $500 per card? If I could purchase several that had 1000’s in it I’d take all my money but $599 out of the bank, and just use gift cards where possible.

I dunno, sadly 5he world is demanding to be ruled by kings again.a I’d that will be the demise of our sovereignty

[Bob434]

Absolutely. They have taken the masks off and no longer even try to hide their disdain for us.

[rlmorel]

Thanks...I did write it, and dang, it certainly feels like the truth in my heart.

The Left (including Barack Obama and his ilk) wanted a world without America.

This country was not, and has never by any stretch been perfect, but as a nation, we could definitely say that our principles stood for something more noble than tyrannizing people and taking their freedom, labor, and money.

Now we are seeing a world without America. The whole world sees it. Some love it.

I see 1937. Or a little later.

[rlmorel]

Honestly, their disdain is something I wear like a badge of honor.

It is their focused totalitarian malice that really worries me.

They can’t run an economy.

They can’t run a military.

They can’t stand on a world stage without intentionally or unintentionally pissing off our friends while providing aid and comfort to our enemies

But they sure as hell know how to lord over people, take all their personal wealth for themselves, run roughshod over their rights, run the economy into the ground, destroy the environment, and tyrannize them for their own good.

[Bob434]

Again, well written and thought out.

[[This country was not, and has never by any stretch been perfect, but as a nation, we could definitely say that our principles stood for something more noble than tyrannizing people and taking their freedom, labor, and money]]

Bears repeating, because a lot of good men and women fought and died to try to preserve this nation for what it stood for. Now the ,eft have almost completely destroyed that.

[rlmorel]

"...may very well be that people believe that big totalitarian government is what we should have..."

This is what frightens me most of all.

That there are Americans who really believe that. Many of them are Democrat (though not all, for certain) and there are a good number who reside in the top levels of our government in all branches.

There is an outstanding book I read recently by Gen. Robert Spalding (Ret.) called "Stealth War". I read a white paper he wrote on Communist China, in which he states that there are many people who believe the American Experiment was right for the 19th and 20th centuries, but they feel that the Chinese Communist model is right for the 21st Century. (He does not believe this, he is saying many, including the Chinese Communists and their allies believe this)

Appalling, in its truth.

There will always be tyrants. As long as humans exist, we will have to battle people who want to dominate others, take their wealth, their freedoms, and their lives. That is human nature, and that is just how it is. That is something that cannot be solved, in my opinion, it will always have to be borne until the end of time.

But when ordinary people, unknowing people, uneducated people, intellectually lazy people, or ideologically driven people at all levels and classes will willingly accept a yoke thinking it is going to be an improvement...well, THAT is what really frightens me.

[rlmorel]

Heh, thanks for listening. Didn’t mean to bend your ear.

[EBH]

that is not that large of an amount

People’s weekly paychecks are bigger than that!

Rent payments bigger than that, mortgages, car payments and some cases cable bills, cellphones etc.

This is the balloon to float how difficult it would be unless everything goes fully digital. This is about the push for digital currency.

[Truthoverpower]

Here’s my take on spying the NSA federal government. google Facebook whoever right?

Well the first thing you have to have is somebody( a human being at some point) willing to sit at a computer and try to monitor with somebody else is doing.

No of course !!! there’s law enforcement and terrorism. and all kinds of good reason why we ( the good guys )need to collect info on certain individuals. And Sometimes charge and prosecute and execute them!!

But for the most part most of us lead relatively innocuous boring lives and a great more attention is usually spend in an individual’s life trying to garner attention for oneself rather than try to spy on what somebody else is doing

The classic example of this is peoples interest in the Hollywood elite and they are goings on

But come on now

Listening to your. YOUR Conversations?

Who the heck is going to be interested in that really

There is so much information and entertainment media now with iPhones and iPads and everything

That frankly you have to exercise yourself away from screens !!! at least half of your WAKING HOURS !!! B. or you’re simply wasting your life!!!!

I’m serious

Keep in mind that human beings have been on this planet for many centuries and there was no electronics for 99.999% of that history

Take a walk - read a book - go to the park Have a picnic.

watch a movie - oops ! that’s screens

My point is. Worry less

Cheers !

Truth over power

[Magnum44]

This is about the push for digital currency.

So help me understand something. Today, I get a paycheck direct deposited to the bank. I pay my bills with ACH transfers. I make most purchases on a credit card I pay off (electronically from my bank) every month. On rare occasions I actually write a paper check. So except for some cash I keep for emergencies, what about the way we do business today is not already 'digital'?

I really dont understand the distinction.

All of the above said, I dont like the idea of more government snooping in my accounts. They already get their 1099's and tax statements from the financial institutions.

[E. Pluribus Unum]

Credit Union National Association Action Center

https://www.cuna.org/content/cuna/cuna-org/advocacy/actions/grassroot-action-center.html