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Europe Will Implement Both Border and Capital Controls in the Coming Months
Europe is going to begin both capital and border controls.
This is not some idle conjecture. We know that the political elite in Europe are only too happy to ignore the rule of law whenever the crisis gets too out of hand. Indeed, this won’t even be the first time that this happens in the EU.
Back in March of 2012, when the EU Crisis first began to spin out of control, then Prime Minister of France Nicolas Sarkozy openly called for the renegotiation of the Schengen Treaty: the treaty that established the 26-nation EU as a “borderless” entity in which individuals could move from one country to another with little difficulty and which also made trade among EU members easier.
France was not alone either. A few months later, both France and Germany proposed imposing border controls in June of that same year.
A Vote of No Confidence in Europe
Germany and France's joint proposal to allow Schengen-zone countries to temporarily reintroduce border controls as a means of last resort might sound harmless. But doing so would damage one of the strongest symbols of European unity and perhaps even contribute to the EU's demise.
Germany and France are serious this time. During next week's meeting of European Union interior ministers, the two countries plan to start a discussion about reintroducing national border controls within the Schengen zone. According to the German daily Süddeutsche Zeitung, German Interior Minister Hans-Peter Friedrich and his French counterpart, Claude Guéant, have formulated a letter to their colleagues in which they call for governments to once again be allowed to control their borders as "an ultima ratio" -- that is, measure of last resort -- "and for a limited period of time." They reportedly go on to recommend 30-days for the period.
What triggered such a move?
A GREXIT: the exact same issue that is once again being tossed around. Indeed, as the below story from June 2012 shows, EU leaders were proposing capital controls, border controls, and even limiting the amount of money that could be removed from ATMs throughout Europe.
Exclusive: EU floats worst-case plans for Greek euro exit: sources
European finance officials have discussed as a worst-case scenario limiting the size of withdrawals from ATM machines, imposing border checks and introducing capital controls in at least Greece should Athens decide to leave the euro…
As well as limiting cash withdrawals and imposing capital controls, they have discussed the possibility of suspending the Schengen agreement, which allows for visa-free travel among 26 countries, including most of the European Union.
http://money.msn.com/business-news/article.aspx?feed=OBR&date=20120611&id=15208663
If you think anything has changed in Europe between 2012 and today, you’re mistaken. Europe’s banking system and monetary union remain as fragile as they were then, if not more so.
The European banking system as a whole is leveraged at over 26 to 1. That’s the ENTIRE European Banking system leveraged at near Lehman levels (Lehman was 30 to 1 when it collapsed).
To put this into perspective, with a leverage level of 26 to 1, you only need a 4% drop in asset prices to wipe out ALL capital. What are the odds that European bank assets have fallen 4% in value in the last two years?
The European crisis is not over. And when the next round really hits, whether it be from Greece leaving the Euro or some other issue, both capital and border controls will be implemented.
Europe came this close to such a situation in 2012. This time around the ECB won’t be able to pull it back from the brink.
If you’ve yet to take action to prepare for the second round of the financial crisis, we offer a FREE investment report Financial Crisis "Round Two" Survival Guide that outlines easy, simple to follow strategies you can use to not only protect your portfolio from a market downturn, but actually produce profits.
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Best Regards
Phoenix Capital Research
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" ... then Prime Minister of France Nicolas Sarkozy ...". Sarkozy was PRESIDENT of France, not Prime Minister. C'mon, Phoenix, if you cannot get that detail correct, what hope is there for accuracy in the rest of this trash you write.
In the 70's and 80's I used to travel all over Europe, and was never stopped at any border between Germany, France, Belgium, Holland, Switzerland, Italy or Spain. Schengen is just a word that has only political meaning, nothing for the average person.
Am a very ordinary average Joe from Central Europe.
I call for it since 20 years.
So we have 1) Open Borders for Illegal immigration 2) Open Trade with no restrictions for Corporate "Winners" and Consumption (Free Slave Trade) 3) Elite Conveyance in Yachts and Private Planes 4) Open Borders for Unskilled and Skilled Labor to keep Wages & Compensation Down 5) Open Borders for Decapitalization of our communities while sending Capital Over Borders 6) Open Borders for Overseas Banking and Tax Havens
Wow.
But Citizens 1) Are Scrutinized at the Border for Debts, Past Due Amounts on Mortgages & incomplete accounts for past marriages and child support 2) Activist and Agitator Involvement 3) Journalism or Internet Blogging Activism 4) Money & Items of Value being taken across the border and to other cities (Vegas) 5) Capital Withdraw restrictions & Transfer Reporting, Monitoring, and Tracking (in Triplicate)
So... The government gets to do what it wants, Corporate Elite get to do what they want, but Common Guy has to face restrictions, fees, taxes, questions, meddling, and pressure and laws against his possible lifestyle.
We call that the Parenting paradigm of Western Government.
PsychoseGeloof: "Like a star which has expanded and now cannot maintain its grand state, Europe's extend-and-pretend economy is now poised to experience a supernova implosion".
http://www.zerohedge.com/news/2015-02-18/catastrophic-costs-extend-and-p...
Het terrorisme tegen het systeem 'Liegen om te Leven' komt vooral voort dat de MACHT geen respect heeft voor de 'Logica van de 1'. ALLAH, GOD ofwel de '1' zet niemand buiten de evoluerende werkelijkheid. Of een burgemeester nu een enkel, dubbel of Nederlands paspoort heeft, het zegt niets over zijn kennis om de 3e SpinozaGolf te duiden. Veel regeringsleiders zijn bezig een waarheid te construeren waarin het gelegitimeerd is om bommen te gooien. Het is natuurlijk pijnlijk voor netwerk Juncker om de vinger op de zere plek te leggen en daarom is het misschien slimmer om iemand van netwerk @GuusjA in te huren.
http://www.nrc.nl/nieuws/2015/02/18/ecb-verhoogt-maximale-bedrag-noodste...
In ruil voor 'een officiële aanvraag voor noodsteun' heeft de Europese Centrale Bank (ECB) het maximale bedrag dat als noodsteun aan Griekse banken kan worden verleend verhoogd naar 68,3 miljard euro. Natuurlijk moeten de Griekse banken het gespaarde geld van haar klanten ter beschikking brengen. Er gaan al geruchten dat Griekenland het ministerie van Belastingen gaat integreren met de centrale bank. Dit durft Reuters nog niet te melden, maar het uitstel van zes maanden heeft wel te maken dat de eurogroep dan hoopt dat alle parlementen van de euronze het script van KlaverenTeam heeft goedgekeurd. Morgen zullen de ministers van Financiën van de eurolanden niet zozeer onderhandelen met de Grieken over verlenging van het Europese hulpprogramma, maar afstemmen hoelang ze het SCHULD=H00P-paradigma nog in de lucht willen houden.
http://www.volkskrant.nl/dossier-geldvraag/toch-maar-veilige-duitse-obli...
Goed advies: "In onzekere tijden is vluchten in veilige staatsobligaties van Duitsland of Nederland geen garantie voor succes. U weet gewoon niet hoe het afloopt. Bovendien: als de markt onzeker is, zijn dit soort effecten al heel duur. Je geld op een spaarrekening zetten is dan veiliger."
Het huidige leningenprogramma van Griekenland loopt deze maand af en het is nu al wel duidelijk dat de nieuwe regering van Griekenland zich niet wil corrumperen door garant te staan voor contracten die zijn geschreven in het SCHULD=h00P-paradigma. Want waarom zou Griekenland een hogere rente moeten betalen over 'gratis gecreëerd geld' dan de zogenaamd geldschieters. Immers de andere eurolanden hebben het geld ook niet, maar lenen het tegenwoordig zelfs tegen een negatieve rente.
Buy my hotel in the Dominican Republic now while you can get your money out of that trap.
How is the corridor from the Airport to the Hotel? Bandits much?
How is the local town near the Hotel? drug dealers aggressive? Bandits? Any Rapes last year? Big town near by or is it really quiet?
What does water cost, use propane to cook and heat hot water? Electric Rate okay?
Located on Beach or inland? What part? How far from Airport by local bus... is local bus safe?
"Phoenix Capital Research" LOL.
Okay folks, lets call paper what it really is,...well it's just that,....paper or digits on a computer screen.
Paper gold, paper silver, paper t-notes, paper bonds, paper futures, paper money, paper everywhere!
All left brain abstracts, socially constructed to serve you better!..(irony).
My point: Paper/fiat money ain't nothing but a "place holder", a believe system everyone agrees on, for now!
Money created out of thin air" (i.e. a computer entry) by Govt's Central Banksters is/was never intended to be "paid back", since it's fantasized invention (money) never exisited in the first place,... pay it back to who?
The dirty little secret: Govt debt do not matter!
Hence, always plenty of "funds" for wars, black ops, corp tax brakes etc.
Govt's and the mafia banksters want to keep it secret so that, you, I and everyone else continues to make payments (derived from your sweat and labor) to,....the banksters.
Can't wrap your head around it (yet) ?....for good reading;
John R Searle "The Construction of Social Reallity".
ps: Yes Virginia, the black box is not black,...its painted bright orange!
https://www.youtube.com/results?search_query=ratm+wake+up+lyrics
They own peoples Labor (labour) via our Birth Certificates.
http://www.viewzone.com/collateralx.html We only get to keep copy Birth Certificates. The originals do not belong to us.Since the early 1960s, State governments have issued Birth Certificates to "persons" with legal fictional names using "ALL CAPS" names. This is not a lawful record of your physical birth, but rather the acknowledgement of the "birth" of the juristic, all-caps name. It may appear to be your true name, but since no proper name is ever written in all caps (either lawfully or grammatically) it does not identify who you are. The Birth Certificate is the government's self-created document of title for its new property -- you and me! In a way, it makes us a kind of corporation whose company name is the same as our real name, but written in ALL CAPS. This "corporation" then generates taxes and wealth over its lifetime and in this way repays the collateral that Uncle Sam borrowed from the Federal Reserve.
Do our wages count as lawful income and should they be taxed?
http://beforeitsnews.com/awakening-start-here/2015/02/your-wages-are-not-lawful-income-1324.html
Beat capital controls with Bitcoin, Gold is hard to store. Once Greece goes under, the same thing will happen when Cyprus imposed capital controls, Bitcoin to $1000 , if anyone still remembers.
http://www.btcfeed.net/news/beat-capital-controls-bitcoin-not-gold/
This is musical chairs with "Eurans" or stateless persons of the EU that pay no taxes and vote Socialist, and who gets stuck with 'em forever after the EU unwind.
Borders are verboten.
The EU unwind may not happen, the non-state future Caliph may grow stronger.
speaking about a lack of human rights, this'll give any EU "citizen" something to worry about
http://www.ukcolumn.org/sites/default/files/life-in-their-hands.pdf
This makes sense IF the border and capital controls work in sync where you prevent cash from exiting Greece in two different ways. Limiting ATM dispersals outside of Greece will scare the EZ public and probably start a few bank runs.
Remember: no bank can stand a run and the first guy in gets his money. After that everybody loses. One must look ahead on this deal and there was plenty of time to hide some cash and buy some gold.
Ignore that he's a marxist and read anyways
http://www.theguardian.com/news/2015/feb/18/yanis-varoufakis-how-i-becam...
Border & capital controls? the sooner the better!
Screw the Greek buttfucker government!
Bullshit
Your commentary is far too poor for ZH Graham, you just don't belong on this site.
"leverage level"
Why it that there?
Leverage is one of the oblique ways of referring to the ability to make "money" out of nothing. It is another bit of jargon in the banksters' bullshit, which conceals that everything is based on ENFORCED FRAUDS, and therefore, also the leverage level.
That ex nihilo FACT is fundamental to everything else!
Thus, the language of 'leverage level' was misleading.
Although the statistics may well be more or less accurate within the frame of reference of the established systems, the deeper problems are not merely that ENFORCED FRAUDS HAVE EXTREME LEVERAGE LEVELS, but rather, that the existence of fundamentally fraudulent accounting is the most extreme form of leverage!
Leverage within reason is very common in banks and investment houses. You cannot operate at a leverage of 1:1.
Leverage IS very common. However, it is fundamentally based on those who have some sort of collateral being then allowed to pledge that in order to "borrow" more "money" made out of nothing. Leverage would not exist if there was not the overall system which enabled the creation of "money" out of nothing as debts. The basic ways that human beings now operate is that natural resources are strip-mined and turned into garbage and pollutions as fast as possible, while "money" is made out of nothing as debts to "pay" for that.
Leverage enables making that system run faster. Since the entire political economy is based on enforced frauds, the biggest banks that gambled with excessive leverage and lost were then bailed out by the central banks making more "money" out of nothing as debts for the general public. Thus, the constant social polarization that the few who are nearer the source of the "money" get richer, while those who are further away from that source of "money" get poorer, and go deeper in debt, which the overall path is towards irreparable destruction of the natural world, due to everything being dominated by a fundamentally fraudulent financial accounting system.
The conservation of energy would indicate that ultimately there is 1:1. Everything else is due to some kind of enforced frauds, cooking the books. That bookkeeping operates in ways that the vast majority of people do not understand, because they do not want to understand, while a tiny minority takes more and more advantage of the ignorance of everyone else.
Leverage is something that exists because the best organized gangs of criminals control governments, in order to give them the opportunities to take advantage of the leverage in that situation. "Leverage" within reason NEVER is reasonable as long as privately controlled banks are making the public "money" supply out of nothing as debts in order to make that kind of "leverage" possible. Human beings operate as entropic pumps of energy flows, in ways whereby that is misunderstood to the maximum degree possible, because of the ways that the best organized gangs of criminals, the biggest gangsters, the banksters, already dominate the established systems.
Human beings can not make energy out of nothing, nor send energy to nothing, how the "money" that they use to account for that is made out of nothing, and disappears back to nothing, because that political economy is based on ENFORCED FRAUDS, in which any "leverage" whatsoever is due to some level of enforcing frauds. Excessive leverage is excessive enforcement of excessive frauds. However, any lesser levels of leverage are still fundamentally based on enforcing frauds too.
quote "basic human rights of the citizens of the countries in question is the question. " EU countries sign international treaty such as the "
Universal Declaration of Human Rights " and then the spooks engage in gang stalking of their citizens . It happens today in most EU countries that pretend to be democracies .Since all of the fake "democracies" have had their public "money" supply almost 99% PRIVATIZED, there is little left that those "democracies" actually do that materially matters. Since the public has given away control over the public "money" supply to private banks, who are legally allowed to make that "money" out of nothing as debts, those privately controlled banks have every incentive to find more excuses to make more of that "money" out of nothing, while taking greater and greater leverage levels of risk to do so.
The UN was directed to be made by banksters, to promote the kinds of impossible ideals bullshit that actually makes the opposite happen in the real world. There is no right without a remedy. There is no effective political remedy for the degree to which the vast majority of people have become Zombie Sheeple, who do not want to understand "their" monetary and taxation systems. The vast majority of those in all of the various fake "democracies" act like incompetent political idiots. That is how and why the current financial system based on enforced frauds was able to be made and maintained. Although it would be nicer to day dream about that situation improving, the evidence indicates that overall situation is getting worse ... When the vast majority of people act like Zombie Sheeple, or incompetent political idiots, that is a terminally sick and insane society.
The basic EU financial system is one of the manifestations of the globalized banksters' systems of enforced frauds, where money is measurement backed by murder, operating through systems where the overwhelming vast majority of people do not want to understand that. Rather, those people have long ago given away their power to control the public "money" supply, and thus, that "money" supply has become as inverted and perverted as it could possibly become.
The EU system might shake itself apart, however the deeper problem is the basic structure of social pyramid systems based on being able to back up lies with violence. The whole world's political economy is primarily built on ENFORCED FRAUDS. That reality could barely become more backwards from the ideals of "democracy" and human rights and freedoms than it already is. However, since the overwhelming vast majority of people ARE Zombie Sheeple, there are no solutions other than for the established systems of extremely overleveraged ENFORCED FRAUDS to continue to get worse, faster ...
Unless enough people understood the deeper levels of the basic problems of a political economy based on enforcing frauds, then nothing else could happen than those problems must get way worse, which will tend to make it even more practically impossible to get enough people to understand the deeper levels of their basic problems.
there are a lot of EU countries and non-EU european countries that would like to see Schengen die.
a lot of it has to do with soaring crime rates, illegal immigration, slavery, drugs etc.
it's coming anyway, in it's own way in UK, FR, CH, IT etc.
basic human rights of the citizens of the countries in question is the question.
it's no different in the ussa et al.
Schengen was a lovely idea but has been utterly undermined by its inability/unwillingness to control its external borders and by the admission of Romania and Bulgaria (poor, corrupt, huge numbers of gypsies) to the EU and thereby access to the Schengen area.
Yes. Schengen' Russian Billionaire Oligarchs in Cyprus and UK was so nice.
The poor not so much.
so much for "EU basic human rights" (like the free movement of people)
Turns out "EU human rights" were really about "tax rights of the EU", turns out humans have no rights, only transnational non-states have rights.
The border controls are 1 way, millions of poor Muslim, African, Asian tax parasites will still move into the EU and extract wealth.
The EU is roach motel, a stateless roach motel where not even roaches have rights or sovereignty.
Putin will enforce EU austerity by nuclear decree soon, he sees the broke Socialist thieves next door for what they are.
A single word sums up my thinking on this....
BITCOIN
Backed by nothing.
"Valued" in U$D's.
Genius !
If you insist on calling world's biggest supercomputer and the first decentralized time server nothing...
And by the way gold is valued in USD, too. Must be shit then, eh?
If you insist on calling world's biggest supercomputer and the first decentralized time server nothing
Yes, in point of fact it is nothing, only electrons chasing each other in a glorified transistor with even less substance than paper and ink.
by the way gold is valued in USD, too. Must be shit then, eh?
You have it backwards (which is how the CB's intend, so do not feel bad)
Inflation is not the price of 'things' going up, but the value of currency going DOWN; Gold is not valued in USD, the USD is valued in Gold. And in 100 years it has dropped from a strong $25 per oz .999 fine to a sad $1200 per oz .999 fine, with the value of $1175 being stolen from the USD via the printing press.
You missed the "decentralized time server" part. That's the juicy bit. Decentralized meand each node acts independently and on equal rights as another. Time server is for authoritatively stating certain event is particular time. The fact these two are now one gives you resilience and irrecovocable record keeping. It doesn't surprise me in the slightest you cannot appreciate the significance of this invention (re. "less substance than paper and ink").
Regarding your comment on valuation - YHBT.
When? I'm getting killed on my shorts waiting for the apocolypse to arrive.
me too, dont sell, shorts will have the last laugh
Don't do a damn thing if you're doing it on margin.
Never on margin..never..dumb but not stoopid
No, no, don't disturb the herd. Instead, continue lendong digits to banks who agree to keep buying stocks and bonds to keep their losses negative. No problem.
Nigel Farage was right, each individual nation state will emerge powerfully and painfully once the people realize they've been tyrannically taken over by the non-elected buraeucracy in Brussels.
Next EU crisis after border controls is who gets to keep the fiat money and the precious metals confiscated? Why can the ECB transfer illegal money across the border and not get caught? When does the elctronic money reserves built up with all those transfers then get reconciled with physical assets that need to cross borders?
Then comes the required reports and the people will suddenly realize the ECB and Brussels Non-elected bureaucrats are robbing them blind.
The likelihood of Europe implementing capital and border controls is about as likely as the US doing the same.
It is long past due for America not only to dismantle its 1965 Immigration Act which limits entry into the U.S. to third world peoples but to enforce its borders.
The Millennial Generation, larger than the Boomer generation and 43% non-white, already is being paid for and subsidized by the responsible generation - the Boomers. How is that going to work out for America as the Boomers retire or are gone?
This is Janet's dilemma. As the American economy and culture is turned over to the Millennial generation, the Millennials’ society is going to crash around them – with huge increases in divorce, suicides, babies out of wedlock, family breakdown, widespread crime, unemployment and debt.
To meet this problem there will be changes forced upon America. One of these major changes will be in welfare - look for it to be cut to the bone when no one's around to pay for it. And lots of immigrants will be returning to their native homes, including the Asians. The Asians are going to be paying the taxes for the Mexicans and they aren’t going to like that.
Many of these economic challenges that are happening now are the culmination of the 1965 Immigration Act – which is why the Fed is printing – trying to keep its socialist balloons in the air.
The burden is right now before our eyes, but it is ignored by the media like the proverbial elephant. To the journalists and writers constantly telling us about “The Problem,” what would they say as they pontificated if several thousand Millenials were standing before them with their racial divisions?
Would Huffington Post be able to describe America’s unemployment problems, the socialist politics we have, or the Congress and the courts and the president we have without recognizing this obvious fact? In other words, America’s pundits, by ignoring the Millennials smack in front of them, with that generation’s exact racial and cultural divisions, cannot give an accurate social and economic report without starting with the racial division. That’s what’s different. Without this factored in, there can be no economic and societal truths.Here are the facts:
According to Pew Research 2014: “Some 43% of Millennial adults are non-white, the highest share of any generation. About half of newborns in America today are non-white…
… Ranging in age from 18 to 331…Pew Research Center surveys show that half of Millennials (50%) now describe themselves as political independents and about three-in-ten (29%) say they are not affiliated with any religion.
…Millennials stand out for voting heavily Democratic and for liberal views on many political and social issues, ranging from a belief in an activist government to support for same-sex marriage and marijuana legalization. …
…just 19% of Millennials say most people can be trusted,
…81% of Millennials are on Facebook,
…Millennials are also the first in the modern era to have higher levels of student loan debt, poverty and unemployment, and lower levels of wealth and personal income than their two immediate predecessor generations (Gen Xers and Boomers) had at the same stage of their life cycles.9
http://www.pewsocialtrends.org/2014/03/07/millennials-in-adulthood/
Boomers are the responsible generation?!?!?!? HAHAHAHA
I stopped reading your post after that jewel.
it's very difficult to provide information to people who won't listen. And if truth is being presented they'll never know it because they have their own mythical understanding of reality. Our nation is in jeopardy. If you are not ready to listen to this narrative, do your own research to try and help us save this very important nation that our Founders created -- America, the beautiful -- a nation cherished by those who love and will die for freedom.
It is finance, not baby boomers, that has destroyed America’s standard of living and the great American Dream.
The American Dream that the Boomers worked for and helped build and pay into has been stolen. All the prosperity and the promise are gone. And standing by their empty pot of gold at the end of the retirement rainbow are the obscenely wealthy, criminal investment bankers who’ve used their bought political power, and the Millennials who have a different idea of what made America great.
Boomers are facing the greatest retirement crisis in America’s history: “75% of Americans nearing retirement in 2010 had less than $30,000 in their retirement accounts.” – Teresa Ghilarducci, professor of economics at the New School for Social Research
http://www.forbes.com/sites/edwardsiedle/2013/03/20/the-greatest-retirement-crisis-in-american-history/print/
After a lifetime of working, the median Boomer household near retirement has managed to accumulate $12,000 of retirement savings ($100,000 for those with a retirement account). The typical working-age household has only $3,000 in retirement account assets. – from Jim Quinn's analysis of 2010 SCF
And of the small savings that people do have, Bernanke and Yellen have robbed them of more than $750 billion through 2013* in ZIRP – topping $1 trillion in 2014. (The heist would be greater if based on the true inflation rate per Shadowstats rather than the Fed’s low-ball, gimmicked inflation rate.)
Indeed, Bernanke himself acknowledged as much in a 2011 press conference: “We are quite aware that very low interest rates, particularly for a protracted period, do have costs for a lot of people. They have costs for savers. We have complaints from banks that their net interest margins are affected by low interest rates. Pension funds will be affected if low interest rates for a protracted period require them to make larger contributions. So we are aware of those concerns, and we take them very seriously. I think the response is, though, that there is a greater good here, which is the health and recovery of the U.S. economy.”
*http://www.marketwatch.com/story/the-fed-is-deliberately-stealing-from-savers-2014-10-22?page=2
“Ben Bernanke, chairman of the Federal Reserve Board, is intentionally destroying the savings class via inflation while allowing banks to offer dividends to their stock holders. This is unconscionable. Any real President would have taken bold action to put an immediate stop to this… American banks hold about $10 trillion in savings accounts that lose about 9% of their purchasing power annually, or aggregately about -$900 billion a year, and Americans stand and take this loss without a whimper of protest” – Bill Sardi, America’s Wealth Eroding, 2012
Fixed it for ya. Most of the asswipes at the top causing +90% of the damage are boomers. Boomertards were leftist to begin with and have been running everything for the last thirty years, boomers have nobody to blame but themselves for letting America slide. And they are still not done wreaking havoc, Hillbilly anyone? Get out of here
with your self righteous boomer BS.
The US is already doing the capital and border controls....it's called "Civil Asset Seizure and Forfeiture" and it's now funding a lot of additional law enforcement for the Nazi Democratic Party now in power.
Well over $100 million "seized" and counting!
If you have a gun and a badge, take possession of any "suspicious" cash found during any search (either legal or illegal) and use it for SWAT gear or better, an armored RV for "tactical" use.
Citizens have to fight in court to get their property back.
If, for example, you own a busy restaurant and they stop you and take $20k off of you, it will cost you at least that much to hire a lawyer and get it back. YOU GO OUT OF BUSINESS. NO FURTHER INCOME TO TAX.
That is only if you agree to let them take it. They mustarrest you if you refuse to agree and then a whole different set on circumstances comes into play, like how you came to hold the cash or asset. The judge will throw it out if you can show cause to have it. You have to agree to allow the cop to take it. They threaten you with arrest which you accept. It all falls apart at that point.
Not correct. They have numerous 'legal' means of getting hold of your assets without arresting you.
I have gone through a lot of cases, and have not found one where somebody sued the department or the cop for seizing cash when the only 'reason' that the cop thought it was drug money was because there was a lot of it. Maybe it has changed, but I don't think this has been tried before, i.e. if the lawsuits have been filed, settlement was quicker than hell. I have seen many cases where there was evidence of other criminal activity in conjunction with the cash, and fighting that is a losing propisition, but again, I have not seen any case law that deals with ONLY the amount being what the cops used as a reason to seize the cash.
They don't have to arrest you to take your assets or fiat money. Here's an example of someone who had to go to court and wait almost 5 months to get his seized fiat money.
http://www.heraldsun.com/news/showcase/x988820241/Durham-man-escapes-ass...
Interesting. I know someone who was sent to psych so they could get their hands on the cash. I guess that is different than arrest? It is harder to get out of there (especially if they find out you have Obama care) than jail.
Smuggling of gold, silver, currencies (laugh track deafening) and bearer bonds (who's??? Laughing!) will be the focus of checkpoint searches.
A year ago, france put up a ban on sending gold and silverwith thenpostal services...
half of my silver comes from france now because they have the best prices :)
And every french bullion dealer ships to the world, so go fish... French efficiency at it’s best :)