Posted on 03/16/2013 6:23:53 PM PDT by Kartographer
As long as govco has the guns they can take just about anything they want.
I think if one wishes to withdraw over 10K of his own money, the govt. requires forms and notification....all due to the War on Drugs..now GWOT...same same....I withdrew over the limits to adopt a child in the late 90s, forced to comply with the feds and their snooping forms.
Aint that the truth.
The IRS already has the authority to take money from your account. If you don't pay your income tax, the IRS can take it from your account.
Many years ago, I worked for a company during the summer months. I didn't know they had a retirement benefit where they set aside money for the employee. I had no way to know that as it was never mentioned, no one told me. Because they had one, I couldn't claim my IRA account and deduct that amount from income. I got absolutely no benefit from their retirement plan for three months of employment but it restricted me from claiming my IRA contribution.
We didn't know it until we got a letter from the IRS that the company had a retirement plan and I couldn't claim the IRA and they were going to take the income tax owed due to that from our bank account. My husband called them, had a fit, and said we would send a check and don't dare touch our bank account.
So, the IRS can take your money anytime they want.
Back in January, I ordered three boxes of Remington 22LR hollow points from Cabellas, and this past week, I got a notice they were sending it. That was so long ago, I don't remember if the boxes hold 50 cartridges or 100. At that time, no order could be placed for CCI 22LR, but it could for the Remington.
I keep checking ammo sellers almost every day looking for CCI 22LR hollow points. I have three boxes of 50 CCI that I found one day about a month ago on CheaperThanDirt. They limited boxes to three and by the end of that day were sold out.
I save big phone books - the pages aren't glossy. My engineer relative was helping me get rid of old stuff and he opened a cabinet under a bathroom sink and saw stacks of phone books. He said, “We can throw these away.” I said, “Toilet paper.” He rolled his eyes and shut the cabinet.
He is a freaking liberal and thinks the only danger we face is GLOBAL WARMING. He thinks I am crazy as a loon for prepping.
Who knows what memos banks get bout this stuff from FDIC and IRS. Usually, the bank mgr gets them first, or they come down from corp office; hard to say. Doubtful US Banking Committee originated them into system; sounds like underlings’ doing with supervisors’ blessing. A lot of “things” are going to change, quickly.Get ready for it all, for when it hqppens, it’ll be too late to ‘prepwre’.
Hurricanes come through here so I have always kept many rolls of quarters and many $1 bills to be able to make purchases if need be and not have to worry about change from a seller. I am going to add rolls of nickles to that stash.
The one store that was open after Ike came through, was a Shipley’s Donuts around the corner from my house. Their stoves are natural gas so they kept making sausage kolaches and sweet rolls and their parking lot was full to running over. They were using candles for light in the place.
That is very true. The occupy crowd is evidence of this.
Ahead of the game on that one... :)
gold Philharmonic for a loaf of bread
A Barrow load of loot!
Thanks for the reminder. :)
Thank you for the information, I was aware of the secrecy act but thought it only pertained to deposits.
As I understand it, if a person has a pattern of withdrawing just below the limit, while they may not be required to fill out the forms, I heard that the pattern is forwarded to biig brotther.
I’d love for someone to tell me I’m wrong about this.
We just did this with a couple of Roth’s. If it’s over 10,000 they have to notify the government. Fortunately ours were just under.
You are correct — it is suggestive of structured finance which is illegal.
As someone said earlier on the thread, isn’t it wonderful that I don’t have a lot of money????
You and me both.
The USA Government will screw the USA citzens/depositer/savers in a heart beat. In fact they have a history of doing so.
FDR - for example. Made it illegal to have gold. People were required to turn it in and were reimbursed at a the required amount in dollars.
As soon as the gold was collected, they devalued the dollar so that overnight the dollar was worth about 40% less than it had been. Out right theft would have the same impact.
That’s just one example. I am not feeling the Love from our government, and the feeling is mutual in spades.
Several months ago I cashed a check for about $2000. The teller said he would have to give it to me in $50 bills as they were out of $100’s!!! This was at a large national bank in a suburb of 40,000 people!
http://www.freerepublic.com/focus/f-news/2108817/posts
An interesting article posted in 2008:
How Excessive Government Killed Ancient Rome (1994)
by Bruce Bartlett
EXCERPTS:
Augustus, emperor of Rome 27 B.C. to 14 A.D: An expansion of economic freedom. Augustus clearly favored private enterprise, private property, and free trade. The burden of taxation was significantly lifted … a period of “almost complete freedom for trade and of splendid opportunities for private initiative....
As early as the rule of Nero (54-68 A.D.) there is evidence that the demand for revenue led to debasement of the coinage. Revenue was needed to pay the increasing costs of defense and a growing bureaucracy....
Most emperors continued the policies of debasement and increasingly heavy taxes, levied mainly on the wealthy.
As the private wealth of the Empire was gradually confiscated or taxed away, driven away or hidden, economic growth slowed to a virtual standstill.....
AT THIS POINT THE MONEY ECONOMY COMPLETELY BROKE DOWN.
.... This forced the state to directly appropriate whatever resources it needed wherever they could be found. Food and cattle, for example, were requisitioned directly from farmers.....
Really makes you wonder, doesn’t it? We already know the FDIC is as stable as the Obama administration so I view my exposure to it as I would investing in real estate in Key West........only what I can afford to lose to a Hurricane.
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