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 ...
See #18
These jackasses in Congress are implementing NWO stuff in spite of Trump.
We are going to lose if we do not put a stop to this.
All your money are belong to US.
No.
Thanks. I figured it would probably be something like that.
They simply want electronic only so they can take any of our money at any time they see fit.
No, is a legitimate story.
You can read the linked text of the bill on the Senate website.
What stuck out to me is: no blank checks if I have more than $10,000 in my account. Did I read that correctly?
bmp
"Current" since the Woodrow Wilson Presidency. It hides behind many names but the aim is always the same: to make the glorified State our lord and master.
If you cannot hold physical cash, hold gold and silver (and their price will rise). If you cannot hold precious metal coins/bars, make them into jewelry. If you cannot have more than a token amount of gold and silver in jewelry, invest in lead, brass, and blued steel (and we should have those no matter what). But decent Americans have a responsibility to be prepared for whatever might happen, and not even government should be permitted to stop us.
Do you think that, in this age of metal detectors and TeraHertz body scans, that gold coins are less detectable than cash?
We are naked before the burning eye of the State. Fortunately, it's usually not interested in ordinary people.. at the moment.
That’s the “liberal “ way. Lowering the bar to the lowest common denominator.
Ok, our elected representatives need a REAL LITMUS TEST before we let them win. The need to actually know what freedom is. They need to prove to us that they would rather have a free country than a safe country.
A free country will not have rubber covering all the sharp parts. It’s isn’t a preschool. THERE WILL BE MONEY LAUNDERERS. Laws are necessary to attempt to stop money launderers, but like those laws against murder, THESE CRIMES WILL STILL OCCUR.
Never hurt the freedoms of the good to attempt to slow down the crimes of the bad. A) It doesn’t work and B) that is statism, not freedom.
Pull out that Ben Franklin (?) quote, “Those who seek security over liberty receive and deserve neither.” It’s as true today.
tyranny
No way in hell.
Does this include what Hillary, Obama, Congresspersons have stashed offshore?
Cash must die for the globalist to run your life. Just another step to pure tyranny. These POS need to be....
As usual, they aren’t interested in money laundering. They want to know what YOU own, so that when the crisis comes they can seize it.
S. 1241
To improve the prohibitions on money laundering, and for other purposes.
IN THE SENATE OF THE UNITED STATES
May 25, 2017
Mr. Grassley (for himself, Mrs. Feinstein, Mr. Cornyn, and Mr. Whitehouse) introduced the following bill; which was read twice and referred to the Committee on the Judiciary
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