Posted on 04/06/2014 11:31:58 AM PDT by Kaslin
Thanks Kaslin.
> the state of California had passed a law to make retailers turn over any unused gift cards to the State after a set period. The law did not consider any effects on the retailer; just the fact that California was grubbing for new revenue flows and once greedy politicians see a target they can devise any rationale for why the money or new tax should be placed into their coffers. The column also explored how the State was taking money from unclaimed bank assets as if it were another revenue stream.
And the article goes into something much worse.
> John Chiang, California State Controller, has unclaimed assets as the leading item on his website. He is pushing this issue to make him seem like a protector of the people and showing how many unclaimed assets are now reported and claimed annually. He never states how many end up in the State’s hands because no one has made a real effort to find the asset’s owner including the State.
http://www.sco.ca.gov/upd_msg.html
http://www.sco.ca.gov/upd_rptg.html
http://www.sco.ca.gov/upd_poa_about.html
Gubmint employee pay rate search (mystery meat navigation)
They have $48 from an old insurance policy I had.
Go to www.unclaimed.org for a supersite and then click through to the state you want.
The key is to develop a list of California-based businesses which could cost non-residents our assets, and boycott them.
In Maine, it’s through the Sec of State’s office.
This is why all of my cash has been converted to physical silver. I keep some cash for fast access just in case, but 95% of my savings is in physical silver bullion.
All my assets are tied up in precious metals....silver, nickel,copper......all in that big jar by the fireplace.
Hell, this is nothing. The Germans and the French sent gold over for safe keeping during the Cold War. The Germans recently asked for their gold back. The US said, “Sure, give us 22 years.”
I’m not kidding.
Sometime around 1925 my father received a letter from a lawyer in Tulsa, OK that a friend of his father’s (Patrick Corley) had left him an inheritance. My father paid a friend of his to drive him, since my father did not have a decent car. My father was a day late getting to Tulsa from south of Dallas and was told he no longer had any part of the inheritance, and the lawyer kept the letter. I think a relative or the lawyer cheated him. The county clerk of Tulsa replied last week saying there was no record of my father’s name or any record of an inheritance.
Sometime around 1925 my father received a letter from a lawyer in Tulsa, OK that a friend of his father’s (Patrick Corley) had left him an inheritance. My father paid a friend of his to drive him, since my father did not have a decent car. My father was a day late getting to Tulsa from south of Dallas and was told he no longer had any part of the inheritance, and the lawyer kept the letter. I think a relative or the lawyer cheated him. The county clerk of Tulsa replied last week saying there was no record of my father’s name or any record of an inheritance.
IMHO, The safest thing to do is convert your overflow cash into something physical that will not depreciate. This does 2 things: Un-ties you wealth from the sliding dollar scale and 2: converts it from a track-able and taxable electronic record to a physical item that cannot be tracked... no one but you needs to know it exists.
There are risks depending on what you convert it into, but I chose silver because my goal was to safely STORE my wealth, not to try to play the silver market game. Doesn't matter how many dollars they print and dilute the pool, 1oz of silver is still 1oz of silver... they can't print that or water it down and take it.
In 1933 President Roosevelt passed executive order 6102 which forbade the hoarding (ownership) of gold within the continental United States.
Our present leader probably could do the same thing with gold and silver by using his famous phone and pen.
Chilling, isn’t it?
That’s why it’s nice that it isn’t really traceable. At least for now...
I’m thinking now that maybe having a safe deposit box in a bank is not a good thing....the govt can come up with any excuse to get into it....things to ponder...
Well, the one problem with that is that the IRS gets to pretend that you found it by the side of the road if you convert it in a transaction they can track.
I’ve thought that all out pretty carefully. Keep the transactions small. I’ve purchased over 210 pounds of pure silver in transactions all under 2000 dollars from local stores over a period of many years. It’s a nice feeling too knowing over half of it I bought under 8 bucks/oz. You don’t even need to show ID to buy silver. The bank is where you have to be careful... even if you withdraw 10K from the bank in smaller transactions, they can decide to combine them and report it if they think you are trying to evade the 8300. I keep habits, I am forced to accept electronic payments for my salary so I immediately withdraw a large chunk of it every Saturday morning too. It’s just me owning my cash as far as they are concerned. I do realize nothing can stop them from investigating someone, but all they will ever find with me is a small wad of cash under 1000 bucks. There is nothing else to find. Granted, you simply can’t move a bunch at once, don’t even try it. The same would be true if you ever convert it back to USD... do it it smaller transactions or you will attract unwanted attention. You have to be consistent and systematic over a long period of time... not something a dope dealer of drug king pin could get by with... and that’s who they are looking for anyway. Anyone sent my way would have a hellof a task trying to find any silver.
You're guilty, just like me.
The IRS employees who broke the law to target Tea Party people - well, they're innocent, as all government functionaries in a tyranny are...
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