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"They Just Want The Money!" The IRS Can Now Seize Accounts On Suspicion Alone

Tyler Durden's picture




 

“How can this happen?” Ms. Hinders said in a recent interview. “Who takes your money before they prove that you’ve done anything wrong with it?”

The federal government does.

*  *  *

The topic of civil asset forfeiture has been high on our agenda recently as federal 'agents' discover how to steal Americans' hard-earned cash with zero repurcussions , and decide unilaterally how much cash a 'common man' is allowed to carry; but as The NY Times reports, the escalation to The IRS brings a whole new world of possibilities with regard asset confiscation based on no actual crime being proved...

As The NY Times reports,

For almost 40 years, Carole Hinders has dished out Mexican specialties at her modest cash-only restaurant. For just as long, she deposited the earnings at a small bank branch a block away - until last year, when two tax agents knocked on her door and informed her that they had seized her checking account, almost $33,000.

 

The Internal Revenue Service agents did not accuse Ms. Hinders of money laundering or cheating on her taxes — in fact, she has not been charged with any crime. Instead, the money was seized solely because she had deposited less than $10,000 at a time, which they viewed as an attempt to avoid triggering a required government report.

Her money was seized under an increasingly controversial area of law known as civil asset forfeiture, which allows law enforcement agents to take property they suspect of being tied to crime even if no criminal charges are filed. Law enforcement agencies get to keep a share of whatever is forfeited.

Critics say this incentive has led to the creation of a law enforcement dragnet, with more than 100 multiagency task forces combing through bank reports, looking for bank accounts to seize.

Using a law designed to catch drug traffickers, racketeers and terrorists by tracking their cash, the government has gone after run-of-the-mill business owners and wage earners without so much as an allegation that they have committed serious crimes. The government can take the money without ever filing a criminal complaint, and the owners are left to prove they are innocent. Many give up.

“They’re going after people who are really not criminals,” said David Smith, a former federal prosecutor who is now a forfeiture expert and lawyer in Virginia. “They’re middle-class citizens who have never had any trouble with the law.”

 

On Thursday, in response to questions from The New York Times, the I.R.S. announced that it would curtail the practice, focusing instead on cases where the money is believed to have been acquired illegally or seizure is deemed justified by “exceptional circumstances.”

 

...

 

But the Institute for Justice, a Washington-based public interest law firm that is seeking to reform civil forfeiture practices, analyzed structuring data from the I.R.S., which made 639 seizures in 2012, up from 114 in 2005. Only one in five was prosecuted as a criminal structuring case.

 

The practice has swept up dairy farmers in Maryland, an Army sergeant in Virginia saving for his children’s college education and Ms. Hinders, 67, who has borrowed money, strained her credit cards and taken out a second mortgage to keep her restaurant going.

The $10,000 loophole line in the sand...

Under the Bank Secrecy Act, banks and other financial institutions must report cash deposits greater than $10,000. But since many criminals are aware of that requirement, banks also are supposed to report any suspicious transactions, including deposit patterns below $10,000. Last year, banks filed more than 700,000 suspicious activity reports.Owners who are caught up in structuring cases often cannot afford to fight. The median amount seized by the I.R.S. was $34,000, according to the Institute for Justice analysis, while legal costs can easily mount to $20,000 or more.

 

There is nothing illegal about depositing less than $10,000cash unless it is done specifically to evade the reporting requirement. But often a mere bank statement is enough for investigators to obtain a seizure warrant. In one Long Island case, the police submitted almost a year’s worth of daily deposits by a business, ranging from $5,550 to $9,910. The officer wrote in his warrant affidavit that based on his training and experience, the pattern “is consistent with structuring.” The government seized $447,000 from the business, a cash-intensive candy and cigarette distributor that has been run by one family for 27 years.

 

read more here...

As one lawyer defending against the IRS' aggressive 'stealing' tactics concludes...

“I don’t think they’re really interested in anything,” Mr. Potashnik said of the prosecutors. “They just want the money.”

Welcome to the land of the free

 

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Sun, 10/26/2014 - 16:16 | 5379931 Inthemix96
Inthemix96's picture

Take this from an Englisher who was fucked right over in 2006-2008, who knew fuck all.

I fucking do now.  You want some?  You want whats not yours?

Come and fucking get it.

Come and make me famous you cunts....

;-)

Sun, 10/26/2014 - 16:16 | 5379933 cherry picker
cherry picker's picture

Maybe someone would do the free citizen in the USA a favor by getting rid of the IRS.  Income tax was only a 'temporary' measure to fund WW1.  That was a promise, like a whole long list of promises they break.

There is no need for CSA or NSA either.  From Boston to the two cops shot in CA and school shootings, they never got wind of it till after it happened.  Their invading privacy has done a lot more harm than good, all over the world.

Lets just fire all these civil servants and save a buck.  Let them know what it is like in a country were business does not create jobs.  But then, most businesses I know would not hire anyone with a civil service background as they don't know how the 'real world' operates and unbrainwashing gets expensive.

Sun, 10/26/2014 - 18:35 | 5380251 DipshitMiddleCl...
DipshitMiddleClassWhiteKid's picture

+1

 

Any business owner with half a brain wouldn't touch a government employee with a 10 ft pole.

 

Worthless mouth breathers

 

~DipshitMiddleClassWhiteKid

Sun, 10/26/2014 - 16:17 | 5379935 JenkinsLane
JenkinsLane's picture

They've skipped the taxation and representation parts of "Taxation without representation is theft", and just proceeded directly to theft.

 

Just because the law says you are not a thief, does not mean that you are not.

Sun, 10/26/2014 - 18:53 | 5380302 PoliticalRefuge...
PoliticalRefugeefromCalif.'s picture

.."They've skipped the taxation and representation parts of "Taxation without representation is theft", and just proceeded directly to theft"..

Thank you for presenting a compelling and might I say final argument to those who say government cannot be efficient at anything..

..you sir nailed it.

Sun, 10/26/2014 - 16:18 | 5379939 Fuku Ben
Fuku Ben's picture

And now a federal form of asset forfeiture to go along with state and local robberies. All perfectly legal. As long as there are no consequences for the robbers

How's that smell of freedom feel America?

Breath deep and eat hearty

If you're lucky the geo-engineering and GMO's will kill you before you're robbed and left for dead by your government. At least you won't have to witness your country being formally turned over the globalists in some satanic ceremony

https://www.youtube.com/watch?v=DY7zx1VXC_0

Sun, 10/26/2014 - 17:05 | 5380048 TheGreatRecovery
TheGreatRecovery's picture

"All perfectly legal" under laws which are not really laws but merely "color of law".

Sun, 10/26/2014 - 16:20 | 5379944 arby63
arby63's picture

Still have direct deposit?&

Sun, 10/26/2014 - 16:23 | 5379954 squid427
squid427's picture

They're just doing what Hitlery said to do. The money needs to go to the Federal Gov, because they know better than you how to spend it.

Sun, 10/26/2014 - 16:32 | 5379977 Inthemix96
Inthemix96's picture

Good fucking Dog,

Just had a flying insect come through the open window and expolde???

Must be one of those Jihaddy Long Legs...

;-)

Sun, 10/26/2014 - 17:22 | 5380089 Flagit
Sun, 10/26/2014 - 16:33 | 5379979 Duc888
Duc888's picture

 

 

Obama can just do an executive order and fix this, he's the magic Negro.

Sun, 10/26/2014 - 21:44 | 5380809 Omen IV
Omen IV's picture

The IRS Is Obama - he gives to the banks and takes from the PEOPLE

HE S A FUCKIN DISASTER !!!!!!!!!!

VOTE RON PAUL

Sun, 10/26/2014 - 16:37 | 5379987 cherry picker
cherry picker's picture

Remember the God Father movies.

 

Replace Vito and Michael with the likes of Bush and Obama and that weasel brother in Vegas, you can switch a bunch of DC types with him.

 

I don't see any difference between the Sopranos and Washington.  Do you?

Sun, 10/26/2014 - 17:32 | 5380113 thamnosma
thamnosma's picture

I only have to pay the vig if I borrow money from the mob.

Sun, 10/26/2014 - 16:39 | 5379990 tarabel
tarabel's picture

 

 

It's very simple to understand.

One of the grievances specifically mentioned in the Declaration of Independence is a court system that has a financial interest in finding defendants guilty.

The way to defeat this eternal abuse is to fine the defendants (after conviction!!!!) but allow them to either donate the proceeds to a charity or to burn the cash on the steps of the court house. 100%. No court costs, no victim restitution, nothing.

No financial gain to the court system means that they will use the laws as intended rather than as a method of secretly balancing out-of-control budgets. The same goes for traffic offenses, I might add. Write tickets to out of control drivers but stop using nazi revenue collection zones to abstract money from the average citizen.

Sun, 10/26/2014 - 16:44 | 5379997 Clesthenes
Clesthenes's picture

“They Just Want the Money!  …and can Seize Accounts on suspicion alone”

Oh, they can to more than that.

Consider what happened to John Gotti, the MAFIA hit man; and what happened to me.

In my case, I was providing a gold-based banking service which allowed customers to use a currency unit that did not require the financial cannibalization of following generations of Americans (one and two).  The IRS and DoJ eventually decided I interfered with their policies aimed at the destruction of the country.  They charged me under IRC 6701-3 (promoting fraudulent tax shelters and preparing fake tax returns, both of which I had never done).  There was no evidence, no witnesses, no victims; no discovery, no opportunity to examine non-existent accusers, no jury, no trial – just a summary judgment for a crime that never happened.

A summary judgment is appropriate when both sides agree to all facts; but when a defendant challenges facts (which I did), the judge has to send the case to a jury (which he did not do).  American judges, thus, have no authority to find facts, except in maritime cases; they charged me with a civil case.

 In the meantime, I was jailed for 5 months (refused to provide documents) and all my resources were seized before the sham trial; and they fabricated tax liabilities (based on customers’ property) against me now totaling some $90 million. (a short bio)

Now, consider what they did to John Gotti: they spent $75 million prosecuting him for tax fraud (if my memory is correct), they also prosecuted his wife on similar charges.  I learned about his story watching a reality TV show (while sitting in jail) that followed Gotti’s wife and brats to a shopping mall traveling in a stretch limo.  By this, we learn that the IRS left Gotti with most of his loot, did not seize it during trial or appeal, and strictly followed due process of law during his prosecution.

My… my… what do we have here?  I offered an alternative to a currency that requires financial cannibalization of following generations… and I get slammed.  In addition, the IRS has made it clear that they intend to monitor my activities for 25 years – a kind of unauthorized probation.  When I left jail, I had to start my life over with little more than what I carried from jail; but with a much better understanding of the real world.

Gotti became wealthy by bumping off a few competitors, and he’s sent to a federal country club a few years, and then released to enjoy the booty the IRS left him.

What is the government trying to tell you… maybe that it’s time to duplicate what American Founders did?

Sun, 10/26/2014 - 18:00 | 5380173 RaceToTheBottom
RaceToTheBottom's picture

"I was providing a gold-based banking service ..."

I would like a Gold backed debit or credit card service.  I thought they were building those in Utah or somewhere.

Mon, 10/27/2014 - 01:42 | 5381203 Dr. Bonzo
Dr. Bonzo's picture

Sorry to hear your fate, but thanks for taking the time to share with us. Hope your'e able to recover.

Sun, 10/26/2014 - 16:45 | 5380000 cherry picker
cherry picker's picture

Refuse to vote.  Have no one go to polling stationss, not one.

When asked, tell them Hope and Change are not on the ballot. Until real Change and Hope are on the Ballot, not just bullshit, you will vote.

What are they going to do if there are no votes to count.  How will they elect a 'winner'?

Sun, 10/26/2014 - 17:09 | 5380057 TheGreatRecovery
TheGreatRecovery's picture

There will never be an election in which there are no votes to count.  Certain groups of people vote religiously.  Whether or not you vote, they will, and then the candidates those groups field will get elected to legislative, executive, and judicial office.

Sun, 10/26/2014 - 17:26 | 5380099 falconflight
falconflight's picture

People wonder why the 2 party system is so moribund.  The answer is pretty simple actually.  On average only 15% of registered party members vote in their own party primaries.  The GOP rank and file has worse turnout than the other pigs believe it or not.  It is no surprise that some average people (TeaParty types) who ran in the GOP primaries this year got beaten by the party whores since turnout was no more than the average pathetic percentages.  If voting by more than 15% isn't the answer to a lot of our decay, then there is no hope.  Grin and bear it, and await your special invitation to financial ruin or worse by your friendly government employee who lives next door to you.

Sun, 10/26/2014 - 17:31 | 5380110 thamnosma
thamnosma's picture

Sometimes I wish we had a parliamentary system or proportional voting or some mechanism to permit minority (I don't mean color) candidates to have a chance.  Citizens in Britain are venting through UKIP and having some success.  Third parties are simply unsuccessful in our system.

Sun, 10/26/2014 - 19:33 | 5380407 falconflight
falconflight's picture

I think we have a defacto parliamentary system.  There are black and hispanic congressional districts (unconstitutional on the face of it, but still legal), districts that represent the government class in VA/MD and some regional hqs, environmentalists ect.  

Sun, 10/26/2014 - 17:56 | 5380167 tarabel
tarabel's picture

 

 

That idea worked out great for the people of Venezuela, didn't it?

Mon, 10/27/2014 - 12:28 | 5382591 are we there yet
are we there yet's picture

It is better if lots of voters wrote themselves in as candidates on the write in ballot choice. With enough such votes a second runoff election is made and candidates are forced to feel less secure with the game. Libertarians are also a choice. The real problem is politicians and lobbyists need to be polygraphed for permission to have continued heartbeats. But they are above the law.

Sun, 10/26/2014 - 16:51 | 5380016 are we there yet
are we there yet's picture

The King George tea tax even without representation is starting to look like a better choice.

Sun, 10/26/2014 - 17:01 | 5380040 The Joker
The Joker's picture

Using a law designed to catch drug traffickers, racketeers and terrorists by tracking their cash, the government has gone after run-of-the-mill business owners and wage earners without so much as an allegation that they have committed serious crimes.

 

So if they go after the real drug traffickers, rackateers, and terrorists, would that be circular logic or cannibalism?

Sun, 10/26/2014 - 17:17 | 5380079 falconflight
falconflight's picture

We are bing eaten alive.

Sun, 10/26/2014 - 18:30 | 5380241 Uncle Remus
Uncle Remus's picture

Circle jerk.

Sun, 10/26/2014 - 17:03 | 5380041 TheGreatRecovery
TheGreatRecovery's picture

I bet the IRS didn't seize the bank accounts of McDonald's, Chipotle, Yum Brands, Firehouse Subs, Hooters, Buffalo Wild Wings or any of the other big restaurant corporations for doing the same thing.  Those BIG CORPORATIONS have LAWYERS!

Sun, 10/26/2014 - 17:04 | 5380044 thebigunit
thebigunit's picture

I live in the S.F. Bay area.  I can't think of single elected federal or state politician who would recognize this as a "problem".

"Citizens need to be willing to pay their fair share for all of the government services they are receiving".

We are being ruled by reptilians.

Sun, 10/26/2014 - 19:56 | 5380469 homiegot
homiegot's picture

No, just socialists.

Sun, 10/26/2014 - 17:05 | 5380046 Atomizer
Atomizer's picture

The last time they pulled this stunt, a man flew his private plane into the IRS office. Imagine what drones can do.

http://www.nytimes.com/2010/02/19/us/19crash.html?_r=0

Sun, 10/26/2014 - 17:05 | 5380047 cherry picker
cherry picker's picture

The biggest mistake honest businesses who deal in cash only is to put it in a bank.  Some teller doesn't like you or you look suspicious because your eyes are not placed far enough apart, you get reported.  That is all they need to take it.

Get a good safe off site and guard it carefully.  Your troubles will be over.

Sun, 10/26/2014 - 17:06 | 5380050 DeusHedge
DeusHedge's picture

mm, this is the real zh article of the year. If they can seize safe assets, why can't they investigate whatever as long as they want?

Sun, 10/26/2014 - 17:44 | 5380137 CoolBeans
CoolBeans's picture

They are outta control.

Sun, 10/26/2014 - 17:13 | 5380066 YHC-FTSE
YHC-FTSE's picture

"Using a law designed to catch drug traffickers, racketeers and terrorists by tracking their cash"

Apply that law to the government itself and imprison the lot of them. We can then all sleep safely at nights with rising wealth and prosperity for generations.

Sun, 10/26/2014 - 17:23 | 5380090 B190769Sonny
B190769Sonny's picture

Shocking !   Not that Ms Hinders money was confiscated.....but that the small branch bank wasn't cited.  

Sun, 10/26/2014 - 22:19 | 5380871 TheGreatRecovery
TheGreatRecovery's picture

Yeah!  Northwest Bank.  Richard Weber at IRS.

Sun, 10/26/2014 - 17:28 | 5380102 thamnosma
thamnosma's picture

Damn,  I want to see these people in prison

Sun, 10/26/2014 - 18:05 | 5380188 pipes
pipes's picture

I would like to see them in a more terminal state.

 

 

Sun, 10/26/2014 - 17:58 | 5380169 Last of the Mid...
Last of the Middle Class's picture

Like if they suspect you didn't vote or are against the regime.

Sun, 10/26/2014 - 18:05 | 5380186 viedoklis_lv
viedoklis_lv's picture

http://mobile.reuters.com/article/idUSL6N0QB4IW20140805?irpc=932

Russia diverts pension savings to plug budget hole for second year

Sun, 10/26/2014 - 18:29 | 5380239 Uncle Remus
Uncle Remus's picture

USSA steals every last fucking penny they can gets their hands on and prints the rest.

Sun, 10/26/2014 - 18:57 | 5380311 PoliticalRefuge...
PoliticalRefugeefromCalif.'s picture

Look at the bright side, at least they can count the plunder towards the new GDP figures, so it's not a total loss.

winning.

Sun, 10/26/2014 - 19:25 | 5380381 petkovplamen
petkovplamen's picture

How many times are you going to be posting that, shill?

You seem to be suffering from very selective amnesia because Shrub Jr wanted to that in USA too.

Sun, 10/26/2014 - 21:03 | 5380719 tarabel
tarabel's picture

 

 

Well, actually, no.

GW was interested in moving away from the actuarially unsound current SS scam by encouraging younger workers to put a fraction of their contributions into a Chilean-style individual retirement system that keeps government's greasy paws off of an individual's retirement money. 

Mirova Putinova, on the other hand, is pillaging the private funds held in the equivalent Russian system, which has become, in essence, stillborn because of his thievery.

This is effectively grinding the financial seed corn of the nation in order to paper over the Russian state's currently distressed economic condition. An entirely new financial industry has just been fed to the dogs and this action can only accelerate the flight of capital in every way possible.

No rational participant could possibly read this news and not be aware of the tremendously evil consequences likely to occur on account of it.

Just in passing, it is interesting to observe that the entirety of non-state-sector Russia is only putting 8 billion a year aside for retirement, which is practically a rounding error in the accounts of any reasonbly civilized nation-- yet this lilliputian sum represents a huge pool of liquidity to the Russian state which has stolen it regardless of the future consequences.

Anybody who wishes to claim that this is no sign of Russian weakness is, well, probably working for the guy who stole the money.

 

Sun, 10/26/2014 - 18:11 | 5380199 Stained Class
Stained Class's picture

What If: The cashless future is actually that?

Sun, 10/26/2014 - 18:20 | 5380213 Mr. Crisp
Mr. Crisp's picture

I'm sure it wouldn't take much time or effort for the IRS to determine if these "suspects" are simply legit business owners, or drug dealers or international terrorists whose cash should be taken. The local cops (among others) would know. But that, of course, would slow the IRS down... 

Sun, 10/26/2014 - 18:59 | 5380315 PoliticalRefuge...
PoliticalRefugeefromCalif.'s picture

At the IRS, "Efficiency is our most important product".

Sun, 10/26/2014 - 18:22 | 5380221 Jameson18
Jameson18's picture

Who ever wrote  this crap doesn't now what the cash law is. The 10k law is a movement of 10k cash money in a 24hr period so if you buy a car for 15k and one payment is 10k in cash then the car dealer has to do paper work. The other issue is if you bring cash any cash amount into the bank to deposit and they think you are a drug dealer, hooker ect ect.... the teller at the bank can turn you in. 

So we are talking about two different things here.

Sun, 10/26/2014 - 18:34 | 5380249 Kina
Kina's picture

So 72% of Americans earn less than $50,000 and the IRS still wants to steal what they got left.....

Rob from the poor give to the powerful.  US run by a bunch of robber-barons.

Sun, 10/26/2014 - 18:35 | 5380250 bankonzhongguo
bankonzhongguo's picture

Talk to any survivor of the Holocaust.

These are the kinds of things Nazis and Fascists did (do).

Many of us grew up with John Wayne and GI Joe and supported the American Way.

Is there anything this so-called representative government is doing across the last decade that resembles anything honorable and fills your heart with pride?

I dare say the American system is not much different than Chinese authoritarianism.

Every federal employee with a badge should pull that shield and ID out and look at themselves in the mirror.

For what purposes are you working again?

We can always smartly salute and thank those that Serve, but what is our military accomplishing EXACTLY?

Is this country safer after 12 years of constant war?

I am more thankful that these young men and women are just home safe. Yet we forget (and the Veterans Administration) all the broken bodies and minds from these years of ceaseless wars.  Now we are knee deep across Africa in addition to the everything else.

Anyway we all get it.  Government employees are just one paycheck away from homelessness if they don't increase their own bureaucracies or slash a little bit more from civil liberties. A road to nowhere.

We know there are good people everywhere, but these same silent witnesses allow the manufactured decline of America.

You think 2016 - Hillary v Jeb is going to solve anything?

Keep watching household incomes plummet.

And Big Daddy is watching everything and taking everything from anyone that might challenge this emerging global cabal.

 

Sun, 10/26/2014 - 18:59 | 5380317 falconflight
falconflight's picture

that is what every authoritarian or totalitarian government presents to its people.

Mon, 10/27/2014 - 13:46 | 5382955 humble_man
humble_man's picture

@bsnkonz: Best post on this site in the last week ! I look forward to hearing more from you...

Sun, 10/26/2014 - 18:36 | 5380257 Pseudonymous
Pseudonymous's picture

It is funny - this recent obsession with this particular form of theft by people and organizations that otherwise seem to have no issue with the robbery of assets from people who ask for nothing and pay nothing to the government. But when government employees do it this particular way, suddenly they are all like "Oh my God, it's like SUPERFICIALLY worse than anything else the government does (even though taxation itself is fundamentally the same thing, and in some cases worse) and it is unacceptable! Think of the children! If our government does this they might see the obvious - that we are all a bunch of thieves - and that's too much. The children don't seem to show too much indignation about the fact that we are robbers, murderers and conmen, but now this? We have to stop this! We can't do it so blatantly... it's like... AESTHETICALLY UNPLEASANT! The horror! Oh, and by the way, so long as our government continues to do this you have to be terrified! Shocked, shocked I tell you. Because government!"

I'm not shocked, scared or unprepared.

Sun, 10/26/2014 - 18:48 | 5380291 TheHound73
TheHound73's picture

The government doesn't take my Bitcoin account.  The market exchange rate does that by itself.  hahaha.

Sun, 10/26/2014 - 19:53 | 5380456 homiegot
homiegot's picture

Nor precious metals. 30% tax at sale and hammer physical with fake paper gold. Can't win.

Sun, 10/26/2014 - 22:26 | 5380901 ricky663
ricky663's picture

WTF? Where?
There is no tax on sale of gold here in S. Thailand. And it is close to fully fungible.
On the issue of paper "naked" shorting of PMs by BIS, bullion banks, etc. agreed...

Mon, 10/27/2014 - 11:37 | 5382372 MrSteve
MrSteve's picture

gold in exchange for bhats is a solid deal???

Sun, 10/26/2014 - 18:49 | 5380293 grekko
grekko's picture

Who takes your money?  Check out most Tx, NM, and Az Sherrifs Dept.s.  If you have cash, it must be from drugs.

Sun, 10/26/2014 - 18:58 | 5380313 MASTER OF UNIVERSE
MASTER OF UNIVERSE's picture

Too-BIG-to-NAIL told the IRS to start bottom feeding and the IRS

obeyed orders for fear of being suicided like the dead banksters society was of late. Everyone is looking for mo-money from the gubberment including the gubberment itself. Unfortunately, for the gubberment,

the IRS will never be able to steal enough money to keep the shell game going and sooner or later the masses will rise up and chop off the heads of the one per cent that crafted these oppressive laws to victimize average citizens. The tax man eventually got Al Capone on tax evasion and 'we the people' will eventually get the gubberment on ethics evasion. It's all good

when it comes out in the wash. If 'we the people' have any leftover one per centers when the status quo has been toppled we can always rinse and repeat just like the FED does now. It's all good, I say.

Sun, 10/26/2014 - 19:05 | 5380326 disgruntled hou...
disgruntled housewife's picture

They need to discourage the use of cash. They want total control and knowledge of where your money comes from and where your money goes. The next crash will usher in a cashless society. They have been working on this a long time. I think it is a major mistake to use your debit and charge cards only. Take out cash you need for the week and use it. It will help you stay on a budget and save the places you spend money at from incurring bank fees. You hate the state and banks? Use cash.

Sun, 10/26/2014 - 19:16 | 5380346 Baby Eating Dingo22
Baby Eating Dingo22's picture

It's a two minute power trip for underpaid tellers intimating the possible need for an SRA

Maybe hoping for a reward from IRS

 

 

Sun, 10/26/2014 - 19:53 | 5380465 Aussiekiwi
Aussiekiwi's picture

Its Just theft, Police officers stopped being concerned about right and wrong 30 years ago, now its just about trying to avoid the criminals behind bars and the criminals in uniforms, the days of telling your kids if they are in trouble to talk to a Police Officer seem a rather distant faint memory.

Sun, 10/26/2014 - 20:01 | 5380486 petkovplamen
petkovplamen's picture

THey have been doing this for decades. Don't let them tell you lies. They did it to he famous cartoonist Robert Crumb in mid 1970s, cleaning his bank account.

Sun, 10/26/2014 - 23:40 | 5381044 Buster Cherry
Buster Cherry's picture

I loved the R Crumb comics. That's why I use one of them as my avatar.

Mon, 10/27/2014 - 00:28 | 5381111 seataka
seataka's picture

His last words to an interviewer before he left the USA to move to France were: "The American dream is dead"

Sun, 10/26/2014 - 20:04 | 5380505 Catullus
Catullus's picture

One of the more effective things done in Boston prior to revolution was burning an effigy of the tax collector. Just made a straw man of him and burned it on his front tree. Sends a pretty interesting message.

Sun, 10/26/2014 - 20:06 | 5380509 SidKhadak
SidKhadak's picture

EBOLA – CIA Project Codename MKNAOMI & Hi-Tech Assassinations

 

In 1948, Henry Kissinger, a 23-year-old American intelligence officer, recruited Nazi expatriates to serve in top positions in American military, aerospace, and biological science and medicine. Twenty years later, he left Harvard’s esteemed faculty and resigned a lucrative position as Nelson Rockefeller’s foreign policy attache’ to become President Nixon’s closest advisor and director of the National Security Council. Seeking alternatives to tactical nuclear weapons to bolster America’s “diplomacy” abroad, the paranoid and egomaniacal Kissinger quickly ordered the Army’s Chief of Staff to requisition $10 million from Congress for the development and testing of EBOLA & AIDS-like viruses. Within ten years, the AIDS and Ebola epidemics erupted coincidentally in the regions of Africa ravaged by CIA military covert operations also ordered by Kissinger.

In 1984, Dr. Robert Gallo, of the National Cancer Institute, claimed credit for discovering the AIDS virus. He announced it most likely originated from a monkey virus which spontaneously mutated and naturally jumped species. Dr. Gallo was a biological weapons contractor for the CIA’s top secret “Project: MKNAOMI,” and was paid to produce and test EBOLA, AIDS-like viruses as early as 1970.

EBOLA – CIA Project Codename MKNAOMI & Hi-Tech Assassinations

Sun, 10/26/2014 - 20:14 | 5380545 Ocean22
Ocean22's picture

"They once sponsored Islamic extremist movements to fight the Soviet Union. Those groups got their battle experience in Afghanistan and later gave birth to the Taliban and Al-Qaeda. The West if not supported, at least closed its eyes, and, I would say, gave information, political and financial support to international terrorists’ invasion of Russia (we have not forgotten this) and the Central Asian region’s countries. Only after horrific terrorist attacks were committed on US soil itself did the United States wake up to the common threat of terrorism. Let me remind you that we were the first country to support the American people back then, the first to react as friends and partners to the terrible tragedy of September 11."

What's missing from Putin speech ? He acknowledges the terrorist attacks on 9/11. We all know it was an inside job. Even basic investigation techniques show them guilty of being involved and planning 9/11. Why does he cover the official story?

Sun, 10/26/2014 - 20:22 | 5380573 lunaticfringe
lunaticfringe's picture

In the Bill of Rights, the 4th Amendment, prevents unreasonable searches and seizures. It's about fucking time some civil rights attorneys descend on these jack booted thugs and put a stop to this. Do we have any fucking patriots left?

Sun, 10/26/2014 - 20:29 | 5380603 royal
royal's picture

Fuck the IRS.

Under the Constitution the Income Tax is illegal.

Which makes the IRS an illegal entity which shouldn't exit at all. 

 

Sun, 10/26/2014 - 21:54 | 5380825 pherron2
pherron2's picture

I'd be very happy to see them "exit".

Mon, 10/27/2014 - 00:06 | 5381083 Central Ohio
Central Ohio's picture

Flat tax.

Sun, 10/26/2014 - 20:41 | 5380647 joego1
joego1's picture

Buy PM's and hide them. By the time I die I will be penniless and have a horrible history of boating accidents to show for it.

Sun, 10/26/2014 - 20:45 | 5380656 BullyBearish
BullyBearish's picture

The IRS is the alternative US money machine, but instead of the group printing it out of thin air, this group (run by the same people) steal it from honest citizens.  To get a feel for how they have gotten so much power, take a look at this, starting at 8:10 from the prescient 1988 movie, They Live:

 

https://www.youtube.com/watch?v=L0BtLmit4N4

 

Sun, 10/26/2014 - 21:48 | 5380815 pherron2
pherron2's picture

"prescient 1988 movie"

This shit didn't just  start happening  yesterday you know.

Mon, 10/27/2014 - 06:47 | 5381410 overmedicatedun...
overmedicatedundersexed's picture

bully: deserves +100 and a repeat of the youtube, surpised "they" still allow it to be shown..

.  To get a feel for how they have gotten so much power, take a look at this, starting at 8:10 from the prescient 1988 movie, They Live:

 

https://www.youtube.com/watch?v=L0BtLmit4N4

 

Mon, 10/27/2014 - 16:21 | 5383574 Ass Burger
Ass Burger's picture

Unbelievable movie. As a side note, check out Slavoj Zizek's analysis of "They Live" in "The Pervert's Guide to Ideology".

 

Sun, 10/26/2014 - 20:48 | 5380666 Bear
Bear's picture

The real problem is 'depositing' money in a bank

Sun, 10/26/2014 - 21:24 | 5380770 cherry picker
cherry picker's picture

It didn't have to be this way.  If you have a government which is reasonable and responds to its citizenry it is liveable.  There is no government structure on this planet that is perfect, but it could be a hell of a lot better for Americans if the government were changed.

Otherwise shadow economy and black market is the only way to survive and move forward, at least for thos of us who don't want a government handout and prefer to make it on our own.

Sun, 10/26/2014 - 21:36 | 5380796 surf0766
surf0766's picture

IN Amerika,  they are looking to take your free speech and more of your money.

Sun, 10/26/2014 - 22:14 | 5380869 vegan
vegan's picture

So fucking glad I left.

 

Sun, 10/26/2014 - 23:36 | 5381038 Buster Cherry
Buster Cherry's picture

Yeah but they can still reach out and touch you.

Sun, 10/26/2014 - 22:20 | 5380885 ParaZite
ParaZite's picture

The US government be like...

https://www.youtube.com/watch?v=xarfMRZ3E0k

Baby I got ya money... 

Baby I got ya money...

Sun, 10/26/2014 - 22:51 | 5380961 22winmag
22winmag's picture

Maybe that dude who crashed his small plane into the local IRS office had the right idea...

Sun, 10/26/2014 - 23:30 | 5381023 Dr_Snooz
Dr_Snooz's picture

It's emblematic of how close this government is to utter collapse that hired goons are going around grabbing whatever valuables aren't bolted down. This won't last long.

Mon, 10/27/2014 - 00:26 | 5381109 laomei
laomei's picture

one more reason i don't keep cash in the US outside of a bit of petty cash for convenience.  everything else is over here and eats 6% in insured investments.  why?  why would chinese banks be safe?  because, quite simply put... they are owned by the government.  if the bank goes under it's because the country is fucked entirely to the point where it cannot bail out the bank... if that happens, well, the cash is worthless anyways.  if an economy such as China fails suddenly, with RMB being worth nothing... the impact to the global economy would be so severe that it would devastate basically everything.  physical gold holdings would keep me whole enough and i have physical assets as well, so i really don't care.  if they seized land or something, it would be simple enough to sue in the US and seize chinese state-owned assets in compensation, so i'm not really that worried.

 

meanwhile, i get 6% interest with zero actual risk, the government doesn't seize anything, and there's no need to report deposits or structure them and if i walk into a bank with a bag full of money no one will raise an eyebrow or really even care.

 

tell me again how the us is "free" and china is not?

Mon, 10/27/2014 - 01:37 | 5381199 Dr. Bonzo
Dr. Bonzo's picture

LMFAO. There have already been Chinese bank failures where depositors lost 100% of their deposits. Take your bullshit somewhere else.

 

Mon, 10/27/2014 - 03:21 | 5381260 laomei
laomei's picture

If you keep your cash in some shitty tiny bank, you're just looking for trouble.  Stick with the big-4 state owned banks and there's no problem.  Sorry, but you have no idea what the fuck you're talking about at all.

Mon, 10/27/2014 - 16:27 | 5383598 Livermore Legend
Livermore Legend's picture

"....i get 6% interest with zero actual risk....."

 

 

Mon, 10/27/2014 - 00:37 | 5381120 Rhal
Rhal's picture

If you have a lot of cash, buy gold or silver.

They never ask if you are carrying over 10 oz. They probably don't even understand PMs.

Mon, 10/27/2014 - 01:20 | 5381183 VWAndy
VWAndy's picture

They are going feral at a pretty good clip now.

Mon, 10/27/2014 - 03:11 | 5381238 Obamanism
Obamanism's picture

So you keep your cash level below $5000 any spare cash into Gold Silver or Bitcoin.

Cash below your bed is a sure sign you are a criminal

Mon, 10/27/2014 - 03:21 | 5381259 onmail
onmail's picture

Amreeka is the new Soviet Union Now

Live with it

Btw this is part of morality of the types of Obamma

Snatch , shoot & loot

Mon, 10/27/2014 - 11:37 | 5382373 Bankster Kibble
Bankster Kibble's picture

The more things change, the more they stay the same.  Not only are we the new Soviet Union, but we are also medieval England, suffering under the depredations of King John and his Sheriff of Nottingham.  Where is Robin Hood?

Mon, 10/27/2014 - 03:30 | 5381267 tc06rtw
tc06rtw's picture

It's the fault of the CITIZENRY !

If they were prospering and growing the economy, the Government would be receiving the stream of revenue it's entitled to . . .

 

Mon, 10/27/2014 - 05:38 | 5381356 Wahooo
Wahooo's picture

Who told you businesses create jobs? Government is better at knowing where to invest our money.

Mon, 10/27/2014 - 03:46 | 5381277 ak_khanna
ak_khanna's picture

Worldwide, we have a problem of large and expensive Governments who are very inefficient users of taxpayers funds. As the world economy slows down and they cannot plug loopholes that their sponsors use to evade taxes in the name of tax planning, the governments are forced to grab funds from the rest of their citizens by hook or crook to maintain their lavish lifestyles. This is most likely to intensify till the majority of the population revolts against the government and their sponsoring institutions.

 http://www.marketoracle.co.uk/Article40231.html

Mon, 10/27/2014 - 04:01 | 5381290 nixy
nixy's picture

>>>“They’re going after people who are really not criminals,” said David Smith<<<

No mate they're going after people who are absolutely NOT criminals.

They are taking   ...stealing...  from those who have caused NO loss or harm to anyone else.

Mon, 10/27/2014 - 04:09 | 5381302 viedoklis_lv
viedoklis_lv's picture

->> For free market based un individualism and free society

->> For Putin and US oligarch regimes based on collectivism and monopoly

Mon, 10/27/2014 - 05:36 | 5381354 Wahooo
Wahooo's picture

You mean for obama and US oligarchy regimes. Otherwise your poll is flawed. You have much more to worry about than Vlad.

Mon, 10/27/2014 - 06:55 | 5381421 viedoklis_lv
viedoklis_lv's picture

Putin regime is based on oligarchs, ex-KGB agents, current military complex, etc. - similar to US oligarch regime. So my poll is not flawed, it suits with reality. Of course ruskies trolls and those who live under Putin regime illusion - may find it flawed.

 

Russian oil giant seeks funds earmarked for pensions

http://news.yahoo.com/russian-oil-giant-seeks-funds-earmarked-pensions-1...

 

Russia looks to compensate its sanctioned elite

http://bigstory.ap.org/article/6a2b93aac55c40c9a1b0b0bcc11a07d9/russia-g...

Mon, 10/27/2014 - 12:27 | 5382584 morongobill
morongobill's picture

We ripped off some folks.

Mon, 10/27/2014 - 16:21 | 5383579 Livermore Legend
Livermore Legend's picture

...."Last year, banks filed more than 700,000 suspicious activity reports....."

"........the I.R.S., which made 639 seizures in 2012........."

700,000/639

 

Mon, 10/27/2014 - 17:56 | 5383914 madr68
madr68's picture

USA... USA... USA... USA!

Do NOT follow this link or you will be banned from the site!