Senate Passes Bill Requiring Citizens Report Privately Stashed Cash | |
Anonymous Coward User ID: 76068271 United States 01/02/2018 03:57 PM Report Abusive Post Report Copyright Violation | A new Senate bill will start forcing citizens to report cash and other assets not held in banks. This bill is stated to combat terrorism and money laundering. But is it? It seems to most like just another government attempt to steal assets and raise revenue for social programs as this bill will give the government the authority to track assets and seize them should an individual fail to report independently held assets exceeding $10,000. Quoting: Rampant Fox This brings to mind the FBI raid under former FBI Director Comey of a small Texan Conservative political gathering back in 2015. Agents confiscated electronics and forcibly fingerprinted all 60 people gathered at the meeting. Now let’s just suppose for a second that they found any evidence of unreported wealth during the raid. You better believe they’d have seized-up all the assets. This is a very real possibility unfolding before us right now since the Senate just passed this bill. The government is even going to start throwing people in prison if they find out folks haven’t been reporting ALL of their assets. How long would you guess the minimum federal sentence would be for failing to report assets not held in a back? Here is a hint. It’s about double the average time handed for 1st-time rape offenders. Find out more about this freedom infringing bill and how it gives the government the right to start wiretapping private citizens on the next page. (less than 50%) [link to www.truthandaction.org] A person having 20 American Eagle 1 ounce gold coins which have a $50 dollar face value possesses $10,000 dollars since the coins are U.S. money and coined and issued by the U.S. Treasury Even though the gold bullion content is...20 × $1375.00 = $27,500 dollars Thank you for showing the advantage to using constitutional monies. |
R. Fox
(OP) User ID: 75983033 Spain 01/02/2018 03:58 PM Report Abusive Post Report Copyright Violation | I learned a great deal here. I am very impressed and grateful for the insights and intelligence shared! "'The time has come, the walrus said, 'to talk of many things. Of shoes and ships and sealing wax. Of cabbages and kings.'" -Lewis Carroll, "The Walrus and the Carpenter" I don't care how bad the storm is. It's better than sitting in a swamp |
Anonymous Coward User ID: 76013375 United States 01/02/2018 04:03 PM Report Abusive Post Report Copyright Violation | |
~Kitkat~
User ID: 76041863 United States 01/02/2018 04:04 PM Report Abusive Post Report Copyright Violation | So any asset...with a value of OVER $10,000 Quoting: PIR That includes: Gold Silver Bitcoin or any other crypto currency Art work Jewelry Collectible/classic automobiles or motorcycles antiques Find yourself with any of the above or a combination of any of the above valued over $10,000 and if you fail to report it...they can raid your home...freeze your bank accounts and confiscate every single thing you own and THEN throw you in jail! Won't happen when we have a pole shift will it? Man, and his rules will be rubble. Just Waiting |
darkwolf007
User ID: 75569707 United States 01/02/2018 04:07 PM Report Abusive Post Report Copyright Violation | Same here, Master of Nothing. We're on the verge of a new cashless society of which the United States of America will be the new official Babylon - Lucifer's New World Order. It's insane that this BS is going on too. Why is it the Government's business how much money you have at any given time? I don't give a crap how much money you have at any given time, Master of Doom, and I hold the same sentiments for everyone here too. Conspiracy Theorist is nothing more than a derogatory title used to dismiss a critical thinker. A time is coming when men will go mad, and when they see someone who is not mad, they will attack him, saying, 'You are mad; you are not like us." -- St. Anthony The Great Social Credit Loser here. |
darkwolf007
User ID: 75569707 United States 01/02/2018 04:07 PM Report Abusive Post Report Copyright Violation | Eh, it might be enforceable through the IRS, guys. Conspiracy Theorist is nothing more than a derogatory title used to dismiss a critical thinker. A time is coming when men will go mad, and when they see someone who is not mad, they will attack him, saying, 'You are mad; you are not like us." -- St. Anthony The Great Social Credit Loser here. |
darkwolf007
User ID: 75569707 United States 01/02/2018 04:11 PM Report Abusive Post Report Copyright Violation | So any asset...with a value of OVER $10,000 Quoting: PIR That includes: Gold Silver Bitcoin or any other crypto currency Art work Jewelry Collectible/classic automobiles or motorcycles antiques Find yourself with any of the above or a combination of any of the above valued over $10,000 and if you fail to report it...they can raid your home...freeze your bank accounts and confiscate every single thing you own and THEN throw you in jail! I don't have any single asset with a value of over 10K, except my house and car. I guess invest in a sign that says, "These are not the house and car you are looking for.", Lady Jane Smith. Conspiracy Theorist is nothing more than a derogatory title used to dismiss a critical thinker. A time is coming when men will go mad, and when they see someone who is not mad, they will attack him, saying, 'You are mad; you are not like us." -- St. Anthony The Great Social Credit Loser here. |
Anonymous Coward User ID: 75979592 United Kingdom 01/02/2018 04:11 PM Report Abusive Post Report Copyright Violation | So any asset...with a value of OVER $10,000 Quoting: PIR That includes: Gold Silver Bitcoin or any other crypto currency Art work Jewelry Collectible/classic automobiles or motorcycles antiques Find yourself with any of the above or a combination of any of the above valued over $10,000 and if you fail to report it...they can raid your home...freeze your bank accounts and confiscate every single thing you own and THEN throw you in jail! I don't have any single asset with a value of over 10K, except my house and car. Me neither. I own everything I possess outright. No debts , no credit cards, no loans. I did the old-fashioned thing, the sensible thing: saved up for what i wanted and paid for it in full. It's very difficult sometimes because I don't have any credit record. So that means I can't get a cell phone plan and stuff like that. They do like to know that you're already a good little debt slave. But most householders have contents insurance at or above $50k new-for-old cover. That's at least what it would cost to kit out my home from scratch. So does that mean that I'd have to declare my domestic goods and chattels? (Which would probaly only be worth about $10k secondhand). This sounds like a totally half-baked bill. Not thought through. But i trust that Senators and Congress people will be duly reporting ALL THEIR assets.... |
Big Daddy D
Chaotic Constitutionalist User ID: 48865774 United States 01/02/2018 04:12 PM Report Abusive Post Report Copyright Violation | I really doubt that anyone with that kind of cash is going to report it. Quoting: Anonymous Coward 10485453 Large amounts of cash (USD) stored in one place give off an RFID signal from the stripe on the bills, which can be tracked by satellite. Just sayin'. Not if it's enclosed in a metal container. ;) Can they detect gold and other precious metals? Not that I'm King Midas, but it doesn't hurt to know. It's like a Faraday cage. Your cell signal won't work inside a metal container, neither will an RFID signal. HWR The US is a One Party State controlled by a small cadre of Financiers Big Daddy D |
darkwolf007
User ID: 75569707 United States 01/02/2018 04:14 PM Report Abusive Post Report Copyright Violation | So any asset...with a value of OVER $10,000 Quoting: PIR That includes: Gold Silver Bitcoin or any other crypto currency Art work Jewelry Collectible/classic automobiles or motorcycles antiques Find yourself with any of the above or a combination of any of the above valued over $10,000 and if you fail to report it...they can raid your home...freeze your bank accounts and confiscate every single thing you own and THEN throw you in jail! I don't have any single asset with a value of over 10K, except my house and car. Me neither. I own everything I possess outright. No debts , no credit cards, no loans. I did the old-fashioned thing, the sensible thing: saved up for what i wanted and paid for it in full. It's very difficult sometimes because I don't have any credit record. So that means I can't get a cell phone plan and stuff like that. They do like to know that you're already a good little debt slave. But most householders have contents insurance at or above $50k new-for-old cover. That's at least what it would cost to kit out my home from scratch. So does that mean that I'd have to declare my domestic goods and chattels? (Which would probaly only be worth about $10k secondhand). This sounds like a totally half-baked bill. Not thought through. But i trust that Senators and Congress people will be duly reporting ALL THEIR assets.... You even have to have a credit record, AC, to even get a prepaid cell plan? If so that's insane. As for trusting any Congress member to report all of their assets, AC, is this year's best joke so far. Conspiracy Theorist is nothing more than a derogatory title used to dismiss a critical thinker. A time is coming when men will go mad, and when they see someone who is not mad, they will attack him, saying, 'You are mad; you are not like us." -- St. Anthony The Great Social Credit Loser here. |
Big Daddy D
Chaotic Constitutionalist User ID: 48865774 United States 01/02/2018 04:16 PM Report Abusive Post Report Copyright Violation | So any asset...with a value of OVER $10,000 Quoting: PIR That includes: Gold Silver Bitcoin or any other crypto currency Art work Jewelry Collectible/classic automobiles or motorcycles antiques Find yourself with any of the above or a combination of any of the above valued over $10,000 and if you fail to report it...they can raid your home...freeze your bank accounts and confiscate every single thing you own and THEN throw you in jail! I don't have any single asset with a value of over 10K, except my house and car. And if I did, I certainly wouldn't report it to the government. It's none of their business. HWR The US is a One Party State controlled by a small cadre of Financiers Big Daddy D |
Matrix User ID: 75757674 Australia 01/02/2018 04:17 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 16762662 United States 01/02/2018 04:18 PM Report Abusive Post Report Copyright Violation | I really doubt that anyone with that kind of cash is going to report it. Quoting: Anonymous Coward 10485453 How dumb are you? Strippers routinely earn that a NIGHT and report less than a 10th. There are countless underground economies. Many many people keep a few just around the house for emergencies. 10K is nothing. |
Anonymous Coward User ID: 61724142 United States 01/02/2018 04:20 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 75394950 United States 01/02/2018 04:22 PM Report Abusive Post Report Copyright Violation | |
Vision Thing
User ID: 70315934 United States 01/02/2018 04:26 PM Report Abusive Post Report Copyright Violation | It says assets. What kind of assets? Jewelry, furniture, electronics? Quoting: R. Fox Are we supposed to list all of our worldly goods? That's what I was thinking, and it reminded me of something someone said on here about hugely inflated art prices, and how the art market was really just a cover for transferring and holding huge amounts of money outside of the banking system. |
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User ID: 74948773 United States 01/02/2018 04:28 PM Report Abusive Post Report Copyright Violation | A new Senate bill will start forcing citizens to report cash and other assets not held in banks. This bill is stated to combat terrorism and money laundering. But is it? It seems to most like just another government attempt to steal assets and raise revenue for social programs as this bill will give the government the authority to track assets and seize them should an individual fail to report independently held assets exceeding $10,000. Quoting: Rampant Fox This brings to mind the FBI raid under former FBI Director Comey of a small Texan Conservative political gathering back in 2015. Agents confiscated electronics and forcibly fingerprinted all 60 people gathered at the meeting. Now let’s just suppose for a second that they found any evidence of unreported wealth during the raid. You better believe they’d have seized-up all the assets. This is a very real possibility unfolding before us right now since the Senate just passed this bill. The government is even going to start throwing people in prison if they find out folks haven’t been reporting ALL of their assets. How long would you guess the minimum federal sentence would be for failing to report assets not held in a back? Here is a hint. It’s about double the average time handed for 1st-time rape offenders. Find out more about this freedom infringing bill and how it gives the government the right to start wiretapping private citizens on the next page. (less than 50%) [link to www.truthandaction.org] Yeah, I don't like the way that reads.... I think personal savings should have no such law. That is a private thing. Hesher was here! |
Anonymous Coward User ID: 237680 United States 01/02/2018 04:28 PM Report Abusive Post Report Copyright Violation | |
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User ID: 74948773 United States 01/02/2018 04:32 PM Report Abusive Post Report Copyright Violation | |
R. Fox
(OP) User ID: 75983033 Spain 01/02/2018 04:32 PM Report Abusive Post Report Copyright Violation | So any asset...with a value of OVER $10,000 Quoting: PIR That includes: Gold Silver Bitcoin or any other crypto currency Art work Jewelry Collectible/classic automobiles or motorcycles antiques Find yourself with any of the above or a combination of any of the above valued over $10,000 and if you fail to report it...they can raid your home...freeze your bank accounts and confiscate every single thing you own and THEN throw you in jail! I don't have any single asset with a value of over 10K, except my house and car. And if I did, I certainly wouldn't report it to the government. It's none of their business. "'The time has come, the walrus said, 'to talk of many things. Of shoes and ships and sealing wax. Of cabbages and kings.'" -Lewis Carroll, "The Walrus and the Carpenter" I don't care how bad the storm is. It's better than sitting in a swamp |
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User ID: 74948773 United States 01/02/2018 04:34 PM Report Abusive Post Report Copyright Violation | So any asset...with a value of OVER $10,000 Quoting: PIR That includes: Gold Silver Bitcoin or any other crypto currency Art work Jewelry Collectible/classic automobiles or motorcycles antiques Find yourself with any of the above or a combination of any of the above valued over $10,000 and if you fail to report it...they can raid your home...freeze your bank accounts and confiscate every single thing you own and THEN throw you in jail! That's fucked up man! I don't like this law one bit! Hesher was here! |
R. Fox
(OP) User ID: 75983033 Spain 01/02/2018 04:35 PM Report Abusive Post Report Copyright Violation | Gold and precious metals aren't included. Bitcoin and cryptos are. Last Edited by Rampant Fox on 01/02/2018 04:36 PM "'The time has come, the walrus said, 'to talk of many things. Of shoes and ships and sealing wax. Of cabbages and kings.'" -Lewis Carroll, "The Walrus and the Carpenter" I don't care how bad the storm is. It's better than sitting in a swamp |
Nameless the Deplorable
User ID: 75951926 United States 01/02/2018 04:41 PM Report Abusive Post Report Copyright Violation | its not law yet, and the House isn't even bring it up for a vote. Quoting: Anonymous Coward 61724142 'If you're going through Hell, keep going." -Winston Churchill "The only thing necessary for the triumph of evil is for good men to do nothing." -Edmund Burke Hard times create strong men, Strong men create good times, Good times create weak men, Weak men create hard times, |
Anonymous Coward User ID: 76038586 United States 01/02/2018 04:41 PM Report Abusive Post Report Copyright Violation | A new Senate bill will start forcing citizens to report cash and other assets not held in banks. This bill is stated to combat terrorism and money laundering. But is it? It seems to most like just another government attempt to steal assets and raise revenue for social programs as this bill will give the government the authority to track assets and seize them should an individual fail to report independently held assets exceeding $10,000. Quoting: Rampant Fox This brings to mind the FBI raid under former FBI Director Comey of a small Texan Conservative political gathering back in 2015. Agents confiscated electronics and forcibly fingerprinted all 60 people gathered at the meeting. Now let’s just suppose for a second that they found any evidence of unreported wealth during the raid. You better believe they’d have seized-up all the assets. This is a very real possibility unfolding before us right now since the Senate just passed this bill. The government is even going to start throwing people in prison if they find out folks haven’t been reporting ALL of their assets. How long would you guess the minimum federal sentence would be for failing to report assets not held in a back? Here is a hint. It’s about double the average time handed for 1st-time rape offenders. Find out more about this freedom infringing bill and how it gives the government the right to start wiretapping private citizens on the next page. (less than 50%) [link to www.truthandaction.org] Did anyone read the actual bill? It only affects assets when you are traveling. Nothing is said or implied about assets held in your home. "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." |
Lady Jane Smith
Forum Administrator 01/02/2018 04:53 PM Report Abusive Post Report Copyright Violation | So any asset...with a value of OVER $10,000 Quoting: PIR That includes: Gold Silver Bitcoin or any other crypto currency Art work Jewelry Collectible/classic automobiles or motorcycles antiques Find yourself with any of the above or a combination of any of the above valued over $10,000 and if you fail to report it...they can raid your home...freeze your bank accounts and confiscate every single thing you own and THEN throw you in jail! I don't have any single asset with a value of over 10K, except my house and car. Me neither. I own everything I possess outright. No debts , no credit cards, no loans. I did the old-fashioned thing, the sensible thing: saved up for what i wanted and paid for it in full. It's very difficult sometimes because I don't have any credit record. So that means I can't get a cell phone plan and stuff like that. They do like to know that you're already a good little debt slave. But most householders have contents insurance at or above $50k new-for-old cover. That's at least what it would cost to kit out my home from scratch. So does that mean that I'd have to declare my domestic goods and chattels? (Which would probaly only be worth about $10k secondhand). This sounds like a totally half-baked bill. Not thought through. But i trust that Senators and Congress people will be duly reporting ALL THEIR assets.... The way I read it, it refers to a single asset, not comprehensive assets. Fate whispers to the warrior "You cannot withstand the storm" the warrior whispers back "I am the storm" INTJ-A |
darkwolf007
User ID: 75569707 United States 01/02/2018 04:56 PM Report Abusive Post Report Copyright Violation | A new Senate bill will start forcing citizens to report cash and other assets not held in banks. This bill is stated to combat terrorism and money laundering. But is it? It seems to most like just another government attempt to steal assets and raise revenue for social programs as this bill will give the government the authority to track assets and seize them should an individual fail to report independently held assets exceeding $10,000. Quoting: Rampant Fox This brings to mind the FBI raid under former FBI Director Comey of a small Texan Conservative political gathering back in 2015. Agents confiscated electronics and forcibly fingerprinted all 60 people gathered at the meeting. Now let’s just suppose for a second that they found any evidence of unreported wealth during the raid. You better believe they’d have seized-up all the assets. This is a very real possibility unfolding before us right now since the Senate just passed this bill. The government is even going to start throwing people in prison if they find out folks haven’t been reporting ALL of their assets. How long would you guess the minimum federal sentence would be for failing to report assets not held in a back? Here is a hint. It’s about double the average time handed for 1st-time rape offenders. Find out more about this freedom infringing bill and how it gives the government the right to start wiretapping private citizens on the next page. (less than 50%) [link to www.truthandaction.org] Did anyone read the actual bill? It only affects assets when you are traveling. Nothing is said or implied about assets held in your home. "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." The problem here, IDGAF, is for alot of people their home can travel. Vehicles can travel as well. I fully agree with the previous GLPers' posts where they say they are against this Bill/Law. This stuff is absolutely no one's business but your own. Conspiracy Theorist is nothing more than a derogatory title used to dismiss a critical thinker. A time is coming when men will go mad, and when they see someone who is not mad, they will attack him, saying, 'You are mad; you are not like us." -- St. Anthony The Great Social Credit Loser here. |
Lady Jane Smith
Forum Administrator 01/02/2018 04:56 PM Report Abusive Post Report Copyright Violation | A new Senate bill will start forcing citizens to report cash and other assets not held in banks. This bill is stated to combat terrorism and money laundering. But is it? It seems to most like just another government attempt to steal assets and raise revenue for social programs as this bill will give the government the authority to track assets and seize them should an individual fail to report independently held assets exceeding $10,000. Quoting: Rampant Fox This brings to mind the FBI raid under former FBI Director Comey of a small Texan Conservative political gathering back in 2015. Agents confiscated electronics and forcibly fingerprinted all 60 people gathered at the meeting. Now let’s just suppose for a second that they found any evidence of unreported wealth during the raid. You better believe they’d have seized-up all the assets. This is a very real possibility unfolding before us right now since the Senate just passed this bill. The government is even going to start throwing people in prison if they find out folks haven’t been reporting ALL of their assets. How long would you guess the minimum federal sentence would be for failing to report assets not held in a back? Here is a hint. It’s about double the average time handed for 1st-time rape offenders. Find out more about this freedom infringing bill and how it gives the government the right to start wiretapping private citizens on the next page. (less than 50%) [link to www.truthandaction.org] Did anyone read the actual bill? It only affects assets when you are traveling. Nothing is said or implied about assets held in your home. "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." How the hell do you travel with cryptos? A print out of your exchange wallet in your pocket? Fate whispers to the warrior "You cannot withstand the storm" the warrior whispers back "I am the storm" INTJ-A |
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User ID: 74948773 United States 01/02/2018 04:59 PM Report Abusive Post Report Copyright Violation | |
Epic Beard Guy
User ID: 69561889 United States 01/02/2018 05:00 PM Report Abusive Post Report Copyright Violation | Is this more of fake news? The source seems dubious to me. OP, have you checked dot gov. for the # of the bill? I have sincere doubts about this. In other words, let’s not get in a tizzy over what might not even exist. And even if it does, I would highly doubt POTUS would sign such a thing. Thanks. I was hoping it wasn't true, but the bill seems to be in process... [link to www.congress.gov (secure)] Yeah, good luck with this one. The video says it covers bitcoin and cryptocurrencies. Gold and precious metals aren't included. That bill sounds more like it's going after big money launderers, like Hitlery, and Pedo-esta. There'a lot of legalese that boils down to if you hide money for the purpose of illegal commerce, or tax evasion, we will find it, and you! A lot of domestic rules will apply internationally. Foreign based banks doing business in America are not going to like this. I don't see how this is going to affect most of us. They will not be coming looking for a stash of cash under the mattress, or you stash of precious metals. They are looking for transactions, not stashes. Hope for the best, but prepare for the worst. "America is at that awkward stage. It's too late to work within the system, but too early to shoot the bastards." -- Claire Wolfe |
Anonymous Coward User ID: 71704362 United States 01/02/2018 05:03 PM Report Abusive Post Report Copyright Violation | Is this more of fake news? The source seems dubious to me. OP, have you checked dot gov. for the # of the bill? I have sincere doubts about this. In other words, let’s not get in a tizzy over what might not even exist. And even if it does, I would highly doubt POTUS would sign such a thing. Thanks. I was hoping it wasn't true, but the bill seems to be in process... [link to www.congress.gov (secure)] Yeah, good luck with this one. The video says it covers bitcoin and cryptocurrencies. Gold and precious metals aren't included. That bill sounds more like it's going after big money launderers, like Hitlery, and Pedo-esta. There'a lot of legalese that boils down to if you hide money for the purpose of illegal commerce, or tax evasion, we will find it, and you! A lot of domestic rules will apply internationally. Foreign based banks doing business in America are not going to like this. I don't see how this is going to affect most of us. They will not be coming looking for a stash of cash under the mattress, or you stash of precious metals. They are looking for transactions, not stashes. I know but 10K? thats peasant money |