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Biden Wants Banks to Report All Transaction over $600
Armstrong Economics ^ | 9 Oct 24 | Armstrong

Posted on 10/09/2024 9:02:49 AM PDT by delta7

The Biden Administration is pushing banks to report every $600 transaction, whether a deposit or withdrawal, from every business or personal account. The Democrats want everything, and no matter how much they collect, they will always spend more.

TAXES are really no longer even necessary along with borrowing. They never pay off the debt anyhow, and it would be immensely more efficient for the government to just print the money they need and end both borrowing and taxation. Over 70% of the national debt is due to interest and wars. It does not go to expand the economy or help people whatsoever.


TOPICS: Government
KEYWORDS: 666; 666coming; 666precursor; banking; banks; democrats; nationaldabt; privacy; spying; surveillance; tax
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1 posted on 10/09/2024 9:02:49 AM PDT by delta7
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To: delta7

Lower return/more expense for depositors, banks will pass the cost of this on to customers, as always.


2 posted on 10/09/2024 9:04:41 AM PDT by SaxxonWoods (.You will suffer from one: The pain of discipline or the pain of regret. )
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To: delta7

They’re still scheming to get what little is left.


3 posted on 10/09/2024 9:05:21 AM PDT by Resolute Conservative
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To: delta7

Including Hunter’s??


4 posted on 10/09/2024 9:05:54 AM PDT by sasquatch (Do NOT forget Ashli Babbit! c/o piytar)
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To: delta7

That’s crazy. I would get reported every month for my mortgage. And I pay more than that on my truck payment every month.

This is why we need an independent digital currency or a return to a cash society.


5 posted on 10/09/2024 9:06:14 AM PDT by Vermont Lt (Don’t vote for anyone over 70 years old. Get rid of the geriatric politicians.)
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To: delta7

All but Hillary’s. They never do SAR’s on her or the Clinton Global Initiative. Or any other leftist money laundering front. Or if they do, they’re buried.


6 posted on 10/09/2024 9:06:20 AM PDT by xoxox
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To: SaxxonWoods

Who gives a #$@#@ about that!??

They will know every damn thing we do!!

Ah, I guess they already can if they want to.

My country is....

Well, it needs to be saved by Trump.

And yeah you’re right...we’ll end up footing the bill for whatever govt dreams up.


7 posted on 10/09/2024 9:06:50 AM PDT by dp0622 (Tried a coup, a fake tax story, tramp slander, Russia nonsense, impeachment and a virus. They lost.)
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To: delta7

Time to hire more IRS jack boots!


8 posted on 10/09/2024 9:07:26 AM PDT by US_MilitaryRules (#PureBlood )
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To: Vermont Lt

Doesn’t affect mortgage payments, this is about 3rd party transactions eg. Venmo or Paypal

https://www.irs.gov/newsroom/irs-announces-delay-for-implementation-of-600-reporting-threshold-for-third-party-payment-platforms-forms-1099-k

https://www.cnbc.com/select/irs-600-reporting-rule-delayed/


9 posted on 10/09/2024 9:09:26 AM PDT by JSM_Liberty
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To: delta7

BANKS will revolt.

WE are still trying to find all the MONEY the BIDEN CORRUPTION FAMILY HAS STASHED AND PASSED AROUND.


10 posted on 10/09/2024 9:10:35 AM PDT by ridesthemiles (not giving up on TRUMP---EVER)
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To: delta7

ok. Let’s start with the @sshole in the White Hut. Let’s include international transactions.


11 posted on 10/09/2024 9:11:52 AM PDT by jimbug
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To: delta7

In before.....?


12 posted on 10/09/2024 9:11:59 AM PDT by SaveFerris (Luke 17:28 ... as it was in the Days of Lot; They did Eat, They Drank, They Bought, They Sold ......)
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To: delta7

Isn’t there a Constitutional Amendment that says “secure in your papers”.


13 posted on 10/09/2024 9:12:19 AM PDT by Sacajaweau (mY)
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To: delta7

Wow, more freedom and liberty coming from the left. Oh wait....


14 posted on 10/09/2024 9:16:34 AM PDT by Dutch Boy (The only thing worse than having something taken from you is to have it returned broken. )
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To: delta7; CFW; george76; The Ignorant Fisherman; Karliner; 444Flyer; Nervous Tick; ...

[Executive Order 14067]

Around mid-2022, this video commercial kept popping up on my YouTube - I finally watched it - it is all about EO14067.

I hope people can take time to watch what I recommended below:

The Digital Dollar will save us! Yeah, That’s the ticket!

(worth it to watch just the first 17 minutes - there will be no way to “prosper”, though)

The Jim Rickards Commercial

https://www.youtube.com/watch?v=fCfzQNhi_ns


15 posted on 10/09/2024 9:20:26 AM PDT by SaveFerris (Luke 17:28 ... as it was in the Days of Lot; They did Eat, They Drank, They Bought, They Sold ......)
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To: delta7

Invading our privacy but it is ‘LEGAL’ because they passed a law.

I remember when my bank wanted my social security number and I made that mistake and swapped a couple of digits. Boy were they mad.

We as Americans have a basic right to privacy. We under communism are subjects.


16 posted on 10/09/2024 9:20:36 AM PDT by jdt1138 (Where ever you go, there you are.)
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To: ridesthemiles

“we are still trying to find all the money the biden corruption has stashed and passed around”. must have been less than $600.


17 posted on 10/09/2024 9:22:07 AM PDT by Qwapisking ("IF the Second goes first the First goes second" L.Star)
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To: SaveFerris
(DEMOCRAT Joe Biden Wants Banks to Report All Transaction over $600,)

THIS is what Tribulation Saints will have to contend with.

Many will betray them because they refused the Mark of the Beast.

Yes, this WILL NOT happen tomorrow but we have to tell people TODAY.

Because the days WILL come when owning a Bible and preaching sound doctrine will be ILLEGAL. Shoot, we're almost there.

Even in the good old U.S.A.







(lurkers please click on my screen name to see my FR homepage for more information)
18 posted on 10/09/2024 9:23:10 AM PDT by SaveFerris (Luke 17:28 ... as it was in the Days of Lot; They did Eat, They Drank, They Bought, They Sold ......)
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To: delta7

This again?

What is it with the 600 mark?


19 posted on 10/09/2024 9:23:14 AM PDT by EBH (America Blackmailed, The True Story of the World War...Coming Soon (1/21-))
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To: EBH

“What is it with the 600 mark?”

It’s less noticeable than the 666 mark.


20 posted on 10/09/2024 9:32:40 AM PDT by Ben Dover (Terrorism is a cancer that can only be cured with massive doses of radiation.)
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