Posted on 03/24/2015 5:34:35 AM PDT by HomerBohn
Let's collectively call out the central socialist government for the trillions they blow on enriching Islam while as a nation we're broke.
My mom walked into her bank, used teller to transfer money between her own accts. Shortly thereafter got a letter and a call from the bank checking on it. It wasn’t even cash. Freaked her out.
I you draw out cash and use it, they cannot track you or your purchases.
Writing a paper check is better for them as it gives them some info, but they LOVE you to use that debit card. It tells them the who, what, where, when and part of why in every transaction.
I move larger amounts of money around between bank accounts and brokerage accounts and have never had the slightest problem.
Green cash?
That’s the crux of the matter.
If my bank ever does this I will close my accounts and move to another.
If it ever happens to me I will tell the cops I just want to spread the money on my bed and roll around naked in it.
Doesn't mean every bank will follow.
Yet...
It took 3 days of her demanding cash before they would do it, and when she and I went to get it there was a police officer present asking her if there was a problem. We took it to our business and put it in our safe, and here is the real kicker, we had the manager from the bank AND the cop follow us there.
The cop I can see, he was actually concerned about it and seemed like a nice guy just making sure she wasn't being ripped off or blackmailed, and wanted to make sure she got to where she was going with the money. The manager though, that REALLY pissed me off he followed us, and what made me even madder was he was trying to be discreet about it.
Just transfers. No green.
YET!
I assume that means >$ 5,000 in cash versus electronic transfers, bill pays, personal checks.
I personally have never withdrew and carried nearly that much cash in my life and would be very nervous doing so,
In fact I rarely use cash for anything, but I see its popular with Walmart customers.
Don’t forget when the uncle lost the critical payment in cash in ‘Its a Wonderful Life’
My suspicion is that the banks and the government are trying to force all funds to remain in the banks in case there is a world wide collapse.
In other words, stop the preppers from hoarding cash that would otherwise be in the banks.
I was once a homeowner in Citrus Heights, CA. I’m white, my wife is black, though very conservative, our neighbor was prejudice, he used to let his dog defecate on our lawn, I went to the Citrus Heights city hall, to the Planning Department, to ask for a legal dog feces abatement sign.
The civil servants who responded to me chosen to misinterpret my clear, unambiguous request—does my writing seem like I have trouble express myself? He called over his colleague, raised his voice, accused me of illegal signage posting with a grimace of hatred on his face, refused to understand or be helpful as I clearly restated my request.
I now live in Rocklin, home of the 19th century Finnish Temperance Hall. Outside my apartment is...a dog feces abatement sign posted by the City.
I advocate that all govt vehicles be required to identify the agency, so that citizens can report speeding and driving misbehavior to risk management.
I am sure that is because your fund transfers are electronic and can be easily traced and recorded. No need to hassle you. The problem is with cash and crimes too often associated with money laundering (drugs,gambling, and terrorism).There is a formal reporting requirement for cash transactions $10K or greater.
The sale of silver eagles spiked this year and last. It's the tip of the iceberg. As people lose trust in the banking system, and there's next to zero interest payment on savings, more people are keeping ever larger sums of cash and things like silver bullion hidden away from the feds.
This reporting of taking out $5000? The next step (this is pure speculating) will be restricting how much money people can take out of the bank. The goal is a cashless society in which all purchases and income are monitored.
Pure speculation. But it does seem to be the way things are going.
If you move it between accounts without getting it as cash there is a permanent record of the transactions which can be looked at later. It is the private and anonymous traits of cash transactions the government wants to end. Rather than outlaw cash, they just want to make it more and more difficult for anything but buying you cupful of racial enlightenment at Starbucks.
BTW: buy silver, underneath the radar.
The gov doesn’t care about transfers or check writing because they can track that. What you take out and who it goes to.
Can’t do that with cash which is why they don’t like it.
Don’t forget the gov snooping into email and phone. What makes you think they’re not snooping into your credit/debit card transactions?
The best they can do w/cash is via serial number. What bank it came out of and where it wound up.
Tyrants don’t like privacy. They want to know everything about you at all times. This is why we have the 4th amendment, and the gov has been working to get around it ever since.
There is already a federal guideline that all bank deposits over $10K are to be reported. This was enacted to help in the war on drugs.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.