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 ...
BUMP!
This has nothing to do with terrorism. The statists have wanted to outlaw physical currency for a long time now.
For now it's just gasoline looking for a fire to ignite.
You obviously didn’t read the comments. See #18.
No “Bearer” checks over $10K (checks made out to “Bearer” or “Cash”...no endorsement/ID needed, anyone can cash it).
Good luck tracking encrypted cryptocurrency wallet files Mr. FedGov...there are dozens of types out there besides Bitcoin and pretty much all of them are untraceable if the hash address is used only once.
That, I am quite sure, is the plan.
Thanks - I usually try to get info by reading the article, but this was nailed down by the post you referred me to. Not likely to get a veto-proof number of votes...
They might try to attach it to something they know won’t get vetoed. That’s what Bill Frist did with the bill to outlaw online poker using the same money laundering justification. He attached to the Port Security Act in the middle of the night (literally) the day before it was voted on.
Sponsor: Sen. Grassley, Chuck [R-IA]
Sen. Feinstein, Dianne [D-CA]*
Sen. Cornyn, John [R-TX]*
Sen. Whitehouse, Sheldon [D-RI]*
Keep track of this at S-1241
“This has nothing to do with terrorism. The statists have wanted to outlaw physical currency for a long time now.”
Au contraire mes amigo, your Statists love terrorism, drug money launderers, etc as it helps them convince law abiding Americans like you and me to accept their new restrictive currency laws.
“The root password to the Constitution used to be “The War on Drugs”. They’ve changed it to “Terrorism” “
Yup. The War on Drugs successfully limited the amount of cash you and I can use without gov monitoring.
Meanwhile the Drug lords deal in unimaginable wads of cash with impunity.
Spot a trend?
True, it’s a good excuse, but not the real reason.
“That, I am quite sure, is the plan.”
Of course.
“Never let a crisis go to waste”
Write up the legislation/EO and have it ready to go when the gun attack, drug cash stash, hurricane, car crash etc., hits the headlines.
“True, it’s a good excuse, but not the real reason.”
It’s the means towards the ends.
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