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Senate Bill to Force Citizens to Register Cash Not in a Bank, Violators Get 10 Years in Prison
thefreethoughtproject.com ^ | June 17, 2017 | Claire Bernish

Posted on 06/18/2017 12:10:52 PM PDT by lowbridge

A new bill seeks to track your money and assets incessantly, will enjoin any business with government ties to act as a de facto arm of DHS, and would steal all of your assets — including Bitcoin and other cryptocurrencies — should you fail to report funds when traveling with over $10,000.

Under the guise of combating money laundering, Senate Bill 1241, “Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017,” ramps up regulation of digital currency and other autocratic financial controls in an attempt to ensure none of your assets can escape one of the State’s most nefarious, despised powers: civil asset forfeiture.

All of this under the farcically broad umbrella of fighting terrorism.

Civil forfeiture grants the government robbery writ large: your cash, property, and assets can be stolen completely sansdue process, your guilt — frequently pertaining to drug ‘crimes’ — matters not.

A court verdict of not guilty doesn’t even guarantee the return of State-thefted property.

In fact, the government can seize virtually whatever it wants if it so much as suspects some of your assets might have been acquired through or used in the commission of even lesser crimes.

(Excerpt) Read more at thefreethoughtproject.com ...


TOPICS: Crime/Corruption; Government; News/Current Events
KEYWORDS: 115th; banking; bitcoin; cash; civilforfeiture; government; moneylaundering
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To: lowbridge

BUMP!


101 posted on 06/19/2017 12:48:24 AM PDT by Freedom56v2 (Inside Every Liberal is a Totalitarian Screaming to Get Out - D. Horowitz)
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To: JPJones

This has nothing to do with terrorism. The statists have wanted to outlaw physical currency for a long time now.


102 posted on 06/19/2017 3:08:17 AM PDT by Hugin (Conservatism without Nationalism is a fraud.)
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To: lowbridge
Didn't see anything about sponsors/backers/timelines, etc. Until it materializes, it's just as good as fake news - not that long ago, there were all the rumors that they were going to take control of all our savings/IRAs, etc., and dole it out as they saw fit....

For now it's just gasoline looking for a fire to ignite.

103 posted on 06/19/2017 3:19:13 AM PDT by trebb (Where in the the hell has my country gone?)
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To: trebb

You obviously didn’t read the comments. See #18.


104 posted on 06/19/2017 3:23:45 AM PDT by Hugin (Conservatism without Nationalism is a fraud.)
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To: greatvikingone; All

No “Bearer” checks over $10K (checks made out to “Bearer” or “Cash”...no endorsement/ID needed, anyone can cash it).

https://www.congress.gov/bill/115th-congress/senate-bill/1241/text?q=%7B%22search%22%3A%5B%221241%22%5D%7D&r=2

Good luck tracking encrypted cryptocurrency wallet files Mr. FedGov...there are dozens of types out there besides Bitcoin and pretty much all of them are untraceable if the hash address is used only once.

https://coinmarketcap.com


105 posted on 06/19/2017 3:43:37 AM PDT by Drago
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To: lowbridge

https://www.congress.gov/bill/115th-congress/senate-bill/1241/text#toc-idea0e9489fc8f46379f95bb56c8bbbda5


106 posted on 06/19/2017 4:25:28 AM PDT by savedbygrace
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To: JPJones

That, I am quite sure, is the plan.


107 posted on 06/19/2017 4:28:12 AM PDT by 9YearLurker
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To: Hugin

Thanks - I usually try to get info by reading the article, but this was nailed down by the post you referred me to. Not likely to get a veto-proof number of votes...


108 posted on 06/19/2017 4:28:14 AM PDT by trebb (Where in the the hell has my country gone?)
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To: RC one
Or....One, two, or three diamonds.
109 posted on 06/19/2017 4:30:35 AM PDT by wintertime (Stop treating government teachers like they are reincarnated Mother Teresas!)
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To: trebb

They might try to attach it to something they know won’t get vetoed. That’s what Bill Frist did with the bill to outlaw online poker using the same money laundering justification. He attached to the Port Security Act in the middle of the night (literally) the day before it was voted on.


110 posted on 06/19/2017 5:12:20 AM PDT by Hugin (Conservatism without Nationalism is a fraud.)
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To: JPJones
The root password to the Constitution used to be "The War on Drugs". They've changed it to "Terrorism"
111 posted on 06/19/2017 7:55:15 AM PDT by zeugma (The Brownshirts have taken over American Universities.)
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To: lowbridge
The usual suspects, plus a wannabe co-sponsored the bill. The asterisks indicate original(?) co-sponsor.

Sponsor: Sen. Grassley, Chuck [R-IA]
Sen. Feinstein, Dianne [D-CA]*
Sen. Cornyn, John [R-TX]*
Sen. Whitehouse, Sheldon [D-RI]*

Keep track of this at S-1241

112 posted on 06/19/2017 9:14:56 AM PDT by Oatka
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To: Hugin

“This has nothing to do with terrorism. The statists have wanted to outlaw physical currency for a long time now.”

Au contraire mes amigo, your Statists love terrorism, drug money launderers, etc as it helps them convince law abiding Americans like you and me to accept their new restrictive currency laws.


113 posted on 06/19/2017 5:02:05 PM PDT by JPJones (George Washington's Tariffs were Patriotic. Build a Wall and Build a Wall of tariffs.)
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To: zeugma

“The root password to the Constitution used to be “The War on Drugs”. They’ve changed it to “Terrorism” “

Yup. The War on Drugs successfully limited the amount of cash you and I can use without gov monitoring.

Meanwhile the Drug lords deal in unimaginable wads of cash with impunity.

Spot a trend?


114 posted on 06/19/2017 5:04:46 PM PDT by JPJones (George Washington's Tariffs were Patriotic. Build a Wall and Build a Wall of tariffs.)
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To: JPJones

True, it’s a good excuse, but not the real reason.


115 posted on 06/19/2017 5:05:14 PM PDT by Hugin (Conservatism without Nationalism is a fraud.)
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To: 9YearLurker

“That, I am quite sure, is the plan.”

Of course.

“Never let a crisis go to waste”

Write up the legislation/EO and have it ready to go when the gun attack, drug cash stash, hurricane, car crash etc., hits the headlines.


116 posted on 06/19/2017 5:09:19 PM PDT by JPJones (George Washington's Tariffs were Patriotic. Build a Wall and Build a Wall of tariffs.)
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To: Hugin

“True, it’s a good excuse, but not the real reason.”

It’s the means towards the ends.


117 posted on 06/19/2017 5:10:28 PM PDT by JPJones (George Washington's Tariffs were Patriotic. Build a Wall and Build a Wall of tariffs.)
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