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 imposes 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 sans due 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.
For some time, a war on cash has been brewing behind the closed doors of government, and — although officials prefer to claim counterfeiting, terrorism, and money laundering as the impetus for asset tracking — in actuality, physical currency facilitates black market and untaxed transactions, and, most imperatively to the U.S., cannot be thefted under civil asset forfeiture laws as easily as money exchanged digitally.
Characterized as an effort to “to improve the prohibitions on money laundering, and for other purposes,” the bill severely curtails the right to travel freely, without undue hindrance, as travelers with more than $10,000 in assets — including those held digitally, like Bitcoin — must file a report with the U.S. government.
Noncompliance with the tyrannical law — including failing to fill out the aforementioned form — would incur penalties befitting a fascist dictatorship: an individual could find the entirety of their assets seized, not just those unreported, and could be locked in a prison cage for up to ten years.
To be clear, the State wants to write a permission slip to seize all of your assets — bank accounts, including, specifically, “safety deposit boxes,” prepaid cards, gift cards, prepaid phones, prepaid coupons, cryptocurrencies, all of it — even for being remiss in reporting what you’re traveling with.
Considering one’s digital assets veritably follow wherever that travel takes them, a cryptocurrency portfolio would theoretically have to be reported each time that person travels outside the confines of the U.S.
Of course, the legislation in actuality just amends laws pertaining to assets and travel already considered dictatorial — right now, failure to fill out the form carries not just the penalty of seizure, but a sentence of up to five years behind bars.
“And if that weren’t enough, this bill also gives them with new authority to engage in surveillance and wiretapping (including phone, email, etc.) if they have even a hint of suspicion that you might be transporting excess ‘monetary instruments,’” Simon Black of SovereignMan.com reports.
“Usually wiretapping authority is reserved for major crimes like kidnapping, human trafficking, felony fraud, etc.
“Now we can add cash to that list.”
But it wouldn’t just be the government hawkishly surveilling your every transaction, as, essentially, all retailers would be roped into becoming State spies — any business selling gift or prepaid cards would be required to report those, too.
Worse — and in defiance of current structures pertaining to digital currency — the government wishes to somehow require issuers of cryptocurrencies into its abhorrent, ostensible money-laundering police spy ring.
According to the legislation, reports Smaulgold.com, the Secretary of Homeland Security and the Commissioner of U.S. Customs and Border Protection must, within 18 months of the legislation’s passage, devise a “border protection strategy to interdict and detect prepaid access devices, digital currencies, or other similar instruments, at border crossings and other ports of entry for the United States, including an assessment of infrastructure needed [emphasis added] to carry out the strategy […]
“The obligation to declare amounts in any form over $10,000 exists, irrespective of whether custom officials have a way of detecting such holdings. Since digital currencies technically travel with the holder [wherever] the holder goes, one would have to declare one’s entire crypto portfolio each time the holder entered the U.S.”
Travelers possessing assets, precious metals, and accounts in excess of $10,000 held outside the United States, however, would not be required to declare those to the government — perhaps leaving an albeit sketchy option for those wary of unscrupulous authorities.
While the government insists ‘If you’ve got nothing to hide, you’ve got nothing to fear,’ the Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017 proves you might not be able to hide anything from its greedy clutches — and if you try, you could wind up thrown in a cage for a decade, penniless upon release.
Welcome to America, where your assets are literally the government’s business, and freedom is anything but free.
Claire Bernish began writing as an independent, investigative journalist in 2015, with works published and republished around the world. Not one to hold back, Claire’s particular areas of interest include U.S. foreign policy, analysis of international affairs, and everything pertaining to transparency and thwarting censorship. To keep up with the latest uncensored news, follow her on Facebook or Twitter: @Subversive_Pen. This article first appeared here at The Free Thought Project.
What form does the CIA fill out when it trafficks and launders large amounts of drug money?
They don’t want the competition!
i D -10 Tango
Evil politicians. Pray for Christ’s return and the destruction of all evil.
He already came back, during an illegal border crossing, but was cut down by militia gunfire, according to a recent episode of “American Gods”.
And naturally the US government employees, politicians and any law enforcement or intel agencies are exempt from this new ” banking law”.
is it possible – and would it be legal – to weave pure gold dust into fabric (for example, undies) and wear large sums of money right through security, nobody the wiser?
no
It’s still “metal”, isn’t it?
This is where buying heavy gold jewelry comes in handy. Keep it simple and without gemstones. Easy to sell, and buy highest karat purity. Take it off to go through TSA, put it back on after. The government went off the gold standard, so as far as I’m concerned, gold jewelry is simply body adornment.and it not going down on any required tell-all form while traveling.
My late Morfa-in-law (grandmother in law) did that with jewelry coming back from Europe. It worked then, it should still work against the thieves. She and her grandaughters wore everything on the way back from Denmark.
Call Chuck Grassley and let him know he’s a mega traitor scumbag who belongs at the end of a rope. Or at least life in GITMO.
Is it really about the people in politics or is it a system that gives positions to those who would do the power grabs?We need to change the system so these things can’t happen.Having the ability to vote for anyone doesn’t change a damn thing.We believe people need to be controlled from the outside or we will go bonkers,but it always ends up that the controllers are are the ones causing the problems for the people while they enrich themselves.I have read some things from Larken Rose and he’s got some good points.
I love LR. He said where are you going that you need a leader ? Check out his YouTube videos, The Jones Plantation and How To Be A Crook. IMO things are changing for the better without a doubt. I’ve been awake since 1983 and the difference between then and now is yuge. We do have extremely serious environmental issues. Since 1973 almost half of all wildlife on Earth has disappeared and continues to at a high rate. Also bees and all other insects are disappearing at an alarming rate. Trump has been unfriendly to our ecosystems. As far as the traitor Grassley is concerned it certainly can’t hurt to hurl some grief his way and his ilk.
These “laws” are only for the LITTLE People ………
How many of YOUR/America’s $4+BILLION in WELFARE given to Israel every year comes back to America in the form of BRIBES to “american” politicians? Traitors voting to give Israel MORE, so they can get bigger BRIBES. .
http://investmentwatchblog.com/former-us-lawmaker-cynthia-mckinney-says-every-candidate-for-congress-has-to-sign-a-pledge-to-vote-for-supporting-the-military-superiority-of-israel/
Great. I guess when it’s time to move the cash, it will be a one-way trip – OUT of the USSA.
Simple solution. Always declare you may be in travel possesion of your savings in the amount of one million. Carry the extra “money” case
I heard that cash can be stolen by cops even if travelling state to state and they find cash in large amounts. Any info on this? If this is true inside this country,( as I once read someone was carrying cash for buying land and it was confiscated) then this country is over and done and voting is useless.
What you heard was correct. This is done under the *civil asset forfeiture* laws. Many states, counties and municipalities now use this as their own private treasure hunt. Whenever they find any significant asset they want(car, money, jewelry, etc.), they confiscate it under the premise that it’s value was derived from illegal means. It, is then up to the person it was taken from to *prove otherwise*, which usually takes more money in legal fees than the original asset was worth(by design). Welcome to AmeriKa….
I read something months ago Trump was laughing with the Heads Sheriffs dept around the country about property forfeitures at a WH confrence
Proves no politician can be trusted, we no longer vote.
Luckily/sarc.., for your average citizen, this proposed law will have little to no effect. This is due to the fact, that we have already been so ruined and robbed by the government that a majority have nowhere near the $10k in liquid assets that would have to be declared.
Are you people saying that the power drunk Washington politicians don’t have our best interest heart and are willing to circumvent the Constitution? I AM SHOCKED!
I don’t even have ten bucks to my name, let alone 10K!
And you wonder why visits to the US have dropped off significantly? This kind of fascist action can also be the reason many American expatriots are turning in their passports and renouncing citizenship.
“Under the guise of combating money laundering, Senate Bill 1241,…”
TO put it a bit more succinctly, To combat competition against the Neo-Bolsheviks and their Shabbos Goy. The sister organization of the MOSSAD, CIA, does the same thing with drug importing to Sewer Nation. It’s commonly called “eliminating the competition”.
https://uploads.disquscdn.com/images/af4fd63b9f5bbd627d154cd87bf44e9267d5924ab5cd8ad9ccfc3a587ffe4444.jpg
This is, after all, Satan’s system of things.
6% chance of passing but one to watch! https://www.govtrack.us/congress/bills/115/s1241
Sooo, let’s see. This group of elected men and women who are supposed to be doing some basic things for the citizens like infrastructure repair, guarding the borders, and a few things like that has taken it upon themselves to be ordained as nanny state governors of the realm or something?
And who will be the first to go up against them?
Well, I would but the wife and I are taking the kids to Disney World.
I’ve got to work on my Jet ski for the lake.
I’ve got this great place to go fishing.
I can’t get my finger out of my butt 🙁
“We have been engineered into a perception prison of belief and held in place by shackles of fear.” – Me
u folks earned jail cuz your retarded nazi pukes
https://uploads.disquscdn.com/images/5152187ebbdbdbb33be6d926f765623c62f8dc1c64d7dba069d8fde0505a579e.jpg
show us the clinton foundation donors and who withdraws money…I bet the rules here do not apply to Congress and Senate.
Can’t kill the dragon if you keep feeding it………..stop paying all taxes until they send back all the illegals, and jail those hiring them and not paying taxes and benefits on those wages.
This isn’t America. What happened to our freedom?
“We’re not in Kansas anymore, Toto”.
Don’t these “asset forfeiture without due process” laws violate the 4th amendment? Don’t see how it’s Constitutional.
Assholes in government might want to go learn about Unintended Consequences.
I’m just sayin’…
Exciting!
The USA is getting more medieval by the minute. I know how they do things. Even a Canadian visitor like me could be locked up for 10 years. My bitcoins live in cyberspace, and cyberspace includes the USA. I can see an American prosecutor telling the jury some crazy shit like that.