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Senate Passes Bill Requiring Citizens Report Privately Stashed Cash

 
Anonymous Coward
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01/02/2018 03:57 PM
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Re: Senate Passes Bill Requiring Citizens Report Privately Stashed Cash
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.

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]
 Quoting: Rampant Fox


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
 Quoting: Anonymous Coward 75815433

Thank you for showing the advantage to using constitutional monies.
R. Fox  (OP)

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01/02/2018 03:58 PM
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Re: Senate Passes Bill Requiring Citizens Report Privately Stashed Cash
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
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01/02/2018 04:03 PM
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Re: Senate Passes Bill Requiring Citizens Report Privately Stashed Cash
Good luck inforcing this joke of a law.
 Quoting: Anonymous Coward 75847194


hesright
~Kitkat~

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01/02/2018 04:04 PM
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Re: Senate Passes Bill Requiring Citizens Report Privately Stashed Cash

So any asset...with a value of OVER $10,000

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!
 Quoting: PIR


Won't happen when we have a pole shift will it?
Man, and his rules will be rubble.
Just Waiting
darkwolf007

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01/02/2018 04:07 PM
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Re: Senate Passes Bill Requiring Citizens Report Privately Stashed Cash
Complete financial control over us. I hate this world's evil system.

mbump
 Quoting: Master of Nothing


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

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01/02/2018 04:07 PM
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Re: Senate Passes Bill Requiring Citizens Report Privately Stashed Cash
Good luck inforcing this joke of a law.
 Quoting: Anonymous Coward 75847194


hesright
 Quoting: Anonymous Coward 76013375


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

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01/02/2018 04:11 PM
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Re: Senate Passes Bill Requiring Citizens Report Privately Stashed Cash
So any asset...with a value of OVER $10,000

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!
 Quoting: PIR


I don't have any single asset with a value of over 10K, except my house and car. 1dunno1
 Quoting: Lady Jane Smith


I guess invest in a sign that says, "These are not the house and car you are looking for.", Lady Jane Smith.

lol
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
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01/02/2018 04:11 PM
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Re: Senate Passes Bill Requiring Citizens Report Privately Stashed Cash
So any asset...with a value of OVER $10,000

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!
 Quoting: PIR


I don't have any single asset with a value of over 10K, except my house and car. 1dunno1
 Quoting: Lady Jane Smith


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

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01/02/2018 04:12 PM

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Re: Senate Passes Bill Requiring Citizens Report Privately Stashed Cash
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'.
 Quoting: Windsage


Not if it's enclosed in a metal container. ;)
 Quoting: Big Daddy D


chuckle

Can they detect gold and other precious metals?

Not that I'm King Midas, but it doesn't hurt to know.
 Quoting: R. Fox


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

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01/02/2018 04:14 PM
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Re: Senate Passes Bill Requiring Citizens Report Privately Stashed Cash
So any asset...with a value of OVER $10,000

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!
 Quoting: PIR


I don't have any single asset with a value of over 10K, except my house and car. 1dunno1
 Quoting: Lady Jane Smith


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....
 Quoting: Anonymous Coward 75979592


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
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01/02/2018 04:16 PM

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Re: Senate Passes Bill Requiring Citizens Report Privately Stashed Cash
So any asset...with a value of OVER $10,000

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!
 Quoting: PIR


I don't have any single asset with a value of over 10K, except my house and car. 1dunno1
 Quoting: Lady Jane Smith


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
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01/02/2018 04:17 PM
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Re: Senate Passes Bill Requiring Citizens Report Privately Stashed Cash
The system as we know it is coming to a close, expect measures to punish hoarders and doom preppers; they don't want people able to organize and able to unite for what this way will come.....5a
Anonymous Coward
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01/02/2018 04:18 PM
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Re: Senate Passes Bill Requiring Citizens Report Privately Stashed Cash
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
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01/02/2018 04:20 PM
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Re: Senate Passes Bill Requiring Citizens Report Privately Stashed Cash
its not law yet, and the House isn't even bring it up for a vote.
Anonymous Coward
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01/02/2018 04:22 PM
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Re: Senate Passes Bill Requiring Citizens Report Privately Stashed Cash
Slicing up your pie so the dreamers can get high?
Vision Thing

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01/02/2018 04:26 PM

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Re: Senate Passes Bill Requiring Citizens Report Privately Stashed Cash
It says assets. What kind of assets? Jewelry, furniture, electronics?

Are we supposed to list all of our worldly goods?
 Quoting: R. Fox


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.
-database-

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01/02/2018 04:28 PM
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Re: Senate Passes Bill Requiring Citizens Report Privately Stashed Cash
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.

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]
 Quoting: Rampant Fox


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! Fuck You!
Anonymous Coward
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01/02/2018 04:28 PM
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Re: Senate Passes Bill Requiring Citizens Report Privately Stashed Cash
I don't think they get the stashed concept. Why are you obligated deposit your money into a bank, instead to hold onto the money they know you made?
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01/02/2018 04:32 PM
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Re: Senate Passes Bill Requiring Citizens Report Privately Stashed Cash
I wonder if gold would fall in this category of cash
Hesher was here! Fuck You!
R. Fox  (OP)

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01/02/2018 04:32 PM
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Re: Senate Passes Bill Requiring Citizens Report Privately Stashed Cash
So any asset...with a value of OVER $10,000

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!
 Quoting: PIR


I don't have any single asset with a value of over 10K, except my house and car. 1dunno1
 Quoting: Lady Jane Smith


And if I did, I certainly wouldn't report it to the government. It's none of their business.
 Quoting: Big Daddy D


putin-thiss
"'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
-database-

User ID: 74948773
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01/02/2018 04:34 PM
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Re: Senate Passes Bill Requiring Citizens Report Privately Stashed Cash
So any asset...with a value of OVER $10,000

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!
 Quoting: PIR


That's fucked up man!

I don't like this law one bit!
Hesher was here! Fuck You!
R. Fox  (OP)

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01/02/2018 04:35 PM
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Re: Senate Passes Bill Requiring Citizens Report Privately Stashed Cash
I wonder if gold would fall in this category of cash
 Quoting: -database-


Gold and precious metals aren't included.

Bitcoin and cryptos are.

high5

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

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01/02/2018 04:41 PM
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Re: Senate Passes Bill Requiring Citizens Report Privately Stashed Cash
its not law yet, and the House isn't even bring it up for a vote.
 Quoting: Anonymous Coward 61724142


hesright
'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
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01/02/2018 04:41 PM
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Re: Senate Passes Bill Requiring Citizens Report Privately Stashed Cash
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.

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]
 Quoting: Rampant Fox


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 SmithModerator
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01/02/2018 04:53 PM

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Re: Senate Passes Bill Requiring Citizens Report Privately Stashed Cash
So any asset...with a value of OVER $10,000

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!
 Quoting: PIR


I don't have any single asset with a value of over 10K, except my house and car. 1dunno1
 Quoting: Lady Jane Smith


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....
 Quoting: Anonymous Coward 75979592


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

Killer Bunny
darkwolf007

User ID: 75569707
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01/02/2018 04:56 PM
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Re: Senate Passes Bill Requiring Citizens Report Privately Stashed Cash
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.

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]
 Quoting: Rampant Fox


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."
 Quoting: IDGAF


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 SmithModerator
Forum Administrator

01/02/2018 04:56 PM

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Re: Senate Passes Bill Requiring Citizens Report Privately Stashed Cash
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.

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]
 Quoting: Rampant Fox


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."
 Quoting: IDGAF


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

Killer Bunny
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01/02/2018 04:59 PM
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Re: Senate Passes Bill Requiring Citizens Report Privately Stashed Cash
After thinking about it....This is nothing but a method of controlling cash transfer via crypto-currencies.

A lot of illegal transfer can happen with bitcoins.
Hesher was here! Fuck You!
Epic Beard Guy

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01/02/2018 05:00 PM
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Re: Senate Passes Bill Requiring Citizens Report Privately Stashed Cash
Good luck inforcing this joke of a law.
 Quoting: Anonymous Coward 75847194


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.
 Quoting: PiccoloGal


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.
 Quoting: R. Fox


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
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01/02/2018 05:03 PM
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Re: Senate Passes Bill Requiring Citizens Report Privately Stashed Cash
Good luck inforcing this joke of a law.
 Quoting: Anonymous Coward 75847194


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.
 Quoting: PiccoloGal


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.
 Quoting: R. Fox


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.
 Quoting: Epic Beard Guy


I know but 10K? thats peasant money





GLP