Canada Warns Its Citizens Not To Take Cash To The USA

Zerohedge ^ | 09/24/2014 | Tyler Durden

[zeestephen]

“I believe it”

The link to the Canada headline comes from Zero Hedge.

Zero Hedge links to 4 stories in the Wash Post.

Not one story in the Wash Post even mentions Canada or Canadians.

The Post stories talk only about American forfeiture.

Also, $1,000 per Canadian works out to $35 billion, not $2.5 billion.

[Rusty0604]

http://www.cbc.ca/news/world/american-shakedown-police-won-t-charge-you-but-they-ll-grab-your-money-1.2760736

[zeestephen]

This is what the posted article says:

“Over $2.5 billion has been confiscated from Canadians traveling to the USA...”

Zero Hedge made that up.

The 4 Wash Post links, and your CBC link, do not say that.

In fact, the Wash Post links and the CBC link do not name even one Canadian who has forfeited any money at all.

[caww]

...”This is identical to the very issue that resulted in the final collapse of Rome when the armies began to sack cities to pay for their pensions. .....We are at that level now with respect to seizing whatever they want knowing you will have to spend more in legal fees to assert your rights that do not really exist”....

Absolutely!....and the criminal on the street does likewise....Many stores no longer prosecute shoplifters....cheaper to take the hit then go through court. What was once “Loss Prevention” is now “Loss Anticipated and figured in the cost of doing business.

[aMorePerfectUnion]

the article was from Martin Armstrong's site and repeated on ZH. Martin Armstrong said, "The Canadian government has had to warn its citizens not to carry cash to the USA because the USA does not presume innocence but guilt when it comes to money. Over $2.5 billion has been confiscated from Canadians traveling to the USA, funding the police who grab it."

Where he got that info, I do not know. Guess you could contact him...

Math

$2,500,000,000 stolen/$1,000 per fleeced Canuck = 2,500,000 fleeced Canucks
Back in 2011, there were about 19 million Canuck visits to the US according to Wiki. (Don't know if more or less in 2012-2014.)
19 million visits / 2.5 million fleeced Canucks = 1 out of every 7.6 Canucks fleeced by our finest - about 13%.

FULL DISCLOSURE: I AM OPERATING ON ONLY ONE CUP OF COFFEE THIS MORNING. PLEASE CHECK MY MATH.

I think it is possible, assuming Armstrong's number is correct.

[aMorePerfectUnion]

PS - Let’s assume Armstrong misunderstood the number as Canucks instead of citizens.

That is even more believable. Equally wrong.

[Rusty0604]

I tried finding where he got the numbers and I did find the CBC article referenced; I posted the link in post 62.

[aMorePerfectUnion]

Good find.

In the end, whether snowbirds being stolen from or citizens here being stolen from, it is theft.

[albertabound]

along with our money

[fanfan]

Good thing our buck is only worth .90c

[DTA]

There is something else to watch out when leaving Canada. Up to $10,000 Canadian can be taken out from Canada without declaring it to the Customs. However, with Canadian dollar exchange rate fluctuating daily, you may end up having more than $10K Canadian although it was worth less than $10K when you took it out from the bank/forex office.

And guess what, Customs will confiscate ALL of it, not only peanut change over $10K. As a rule of a thumb, never carry cash worth more than $9K Canadian.