Posted on 05/11/2018 4:29:47 PM PDT by Trump20162020
Digital money is a DANGER!
Buy all household goods with CASH!
Never use credit cards for househd goods.
Burglary gangs obtain your permanent record of credit card purchases. Your home sticks out as a break in opportunity. Banks do not protect your privacy.
Thanks for info.
Yes, it really sucks to have every transaction under the microscope.
No problem. They can pay with the chip implanted in their right hand or forehead
The entire Commonwealth seems hell-bent on creating their own dystopian nightmare.
Yep
It’s been moved to Agenda 2030 last I heard.
Not YET, but getting real close.
That is why crypto currencies are so important to freedom’s future. No government control.
Funny how they disarmed the stupid Aussies first. Smug morons bragged about their lack of means of self defense (Did anyone over the mental age of 8 think they were going to stop with banning guns?)
And now the criminals run the government
All due credit to drug warriors in the US for getting the ball rolling =>
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The Bank Secrecy Act of 1970 (or BSA, or otherwise known as the
Currency and Foreign Transactions Reporting Act) requires financial
institutions in the United States to assist U.S. government agencies
to detect and prevent money laundering.
Specifically, the act requires financial institutions to keep records
of cash purchases of negotiable instruments, and file reports of cash
purchases of these negotiable instruments of more than $10,000 (daily
aggregate amount), and to report suspicious activity that might
signify money laundering, tax evasion, or other criminal activities.
http://en.wikipedia.org/wiki/Bank_Secrecy_Act
_____
The $10,000 limit has not been adjusted for inflation over the years, insuring that more and more transactions fall under this law.
Insanity...they took their guns already now their cash...cigarettes 30 dollars a pack?
Can you imagine?...30 dollars Who would buy them...no wonder the steal from warehouses
It’s like these fools never took a single course in classical economics, and think their brilliant ideas are more powerful than “iron” economic laws.
Here’s a good one: Gresham’s Law.
Typically stated as “Bad money pushes out good”. If you have two competing forms of currency, people will want to spend the less valuable one, and save the valuable one. This inflates the less valuable one, making it worth less; and deflates the more valuable one, making it worth more.
If you look at Weimar Germany, or Zimbabwe, their currencies became so hyperinflated that they were worthless. So what did people use as currency? Anything else of value.
And that’s another law of economics: that *anything* of value can be used as a currency.
This is why socialists always want to create shortages, of literally everything of value, so that government has to ration it. And this is one of the big reasons that socialist economics *always* fails.
Governments love to use “fiat” currency, that is only based in confidence in government. But people can also create fiat currencies, when they don’t want government controlling them. All it takes are friends who are honest with each other.
Truthfully, this [expletive deleted] Australian should spend the rest of his life behind bars, based on the harm his schemes will do. But he is probably calculating enough to figure that by the time it all collapses, it will be somebody else’s problem.
I was working in banking in the 1980’s. We produced a tape for the IRS at least once a month as I recall. Perhaps it was weekly; been too long. I believe it was about the $10,000 transaction totals.
I had thought it got lowered to $3,000 many, many years back. Been too long since I was in banking I/T.
These days it’s probably just a straight transmission. Like how I used to send healthcare data to WebMD (one of our business partners where I worked at that time).
With the name of Seaplaner, you may like...
http://www.freerepublic.com/focus/f-chat/3654596/posts
I could not stop reading.
A great read and I do not recall ever being in a seaplane.
Once they outlaw cash then the gov’t will truly own you.
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Exactly! I’ve operated on a cash/check basis for about 30 years. The debit card is only used to access my accounts at the bank when I go there to deposit my pension checks and get my monthly runnin’ money. Credit card is only used if flying, renting a car or making a high dollar purchase; which is paid within 3 months.
I’m currently considering writing a check to pay cash for a new car. That’s still legal here, I believe.
Using a debit/credit card for everything only leaves a record of where you’ve been and what you purchased.
This is incredibly stupid. These days even a cashiers check is not guaranteed to be a reliable form of payment. For certain types of transactions, cash is the only thing that is guaranteed to be negotiable.
As an Australian, law abiding citizen, I don't mind...I don't object to drug-dealers having their assets confisticated, either.
And they say bitcoin is for criminals. I guess, it’s just a different set of criminals.
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