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Justice Department Rolls Out An Early Form Of Capital Controls In America
Something stunning took place earlier this week, and it quietly snuck by, unnoticed by anyone as the "all important" FOMC meeting was looming. That something could have been taken straight out of the playbook of either Cyprus, or Greece, or the USSR "evil empire", or all three.
This is how the WSJ explained it:
The U.S. Justice Department’s criminal head said banks may need to go beyond filing suspicious activity reports when they encounter a risky customer.
“The vast majority of financial institutions file suspicious activity reports when they suspect that an account is connected to nefarious activity,” said assistant attorney general Leslie Caldwell in a Monday speech, according to prepared remarks. “But, in appropriate cases, we encourage those institutions to consider whether to take more action: specifically, to alert law enforcement authorities about the problem.”
The remarks indicate that banks may be expected to do more than just file SARs, a responsibility that itself can be expensive and time-consuming.
Some banks already have close relationships with law enforcement, said Kevin Rosenberg, chair of Goldberg Lowenstein & Weatherwax LLP’s government investigation and white collar litigation group. Ms. Caldwell’s remarks “speak to moving forward in a more collaborative way,” said Mr. Rosenberg.
A tip-off from a bank about a suspicious customer could lead law enforcement to seize funds or start an investigation, Ms. Caldwell said.
What does this mean, and why is it so critical? Simon Black of International Man explains:
* * *
Justice Department rolls out an early form of capital controls in America
Imagine going to the bank to withdraw some cash.
Having some cash on hand is always a prudent strategy, and especially today when more and more bank deposits are creeping into negative territory, meaning that you have to pay the banks for the privilege that they gamble with your money.
You tell the teller that you’d like to withdraw $5,000 from your account. She hesitates nervously and wants to know why.
You try to politely let her know that that’s none of the bank’s business as it’s your money.
The teller disappears for a few minutes, leaving you waiting.
When she returns she tells you that you can collect your money in a few days as they don’t have it on hand at the moment.
Slightly irritated because of the inconvenience, you head home.
But as you pull into your driveway later there’s an unexpected surprise waiting for you: two police officers would like to have a word with you about your intended withdrawal earlier…
If this sounds far-fetched, think again. Because it could very well become a reality in the Land of the Free if the Justice Department gets its way.
Earlier this week, a senior official from the Justice Department spoke to a group of bankers about the need for them to rat out their customers to the police.
What a lot of people don’t realize is that banks are already unpaid government spies.
Federal regulations in the Land of the Free REQUIRE banks to file ‘suspicious activity reports’ or SARs on their customers. And it’s not optional.
Banks have minimum quotas of SARs they need to fill out and submit to the federal government.
If they don’t file enough SARs, they can be fined. They can lose their banking charter. And yes, bank executives and directors can even be imprisoned for noncompliance.
This is the nature of the financial system in the Land of the Free.
And chances are, your banker has filled one out on you—they submitted 1.6 MILLION SARs in 2013 alone.
But now the Justice Department is saying that SARs aren’t enough.
Now, whenever banks suspect something ‘suspicious’ is going on, they want them to pick up the phone and call the cops:
“[W]e encourage those institutions to consider whether to take more action: specifically, to alert law enforcement authorities about the problem, who may be able to seize the funds, initiate an investigation, or take other proactive steps.”
So what exactly constitutes ‘suspicious activity’? Basically anything.
According to the handbook for the Federal Financial Institution Examination Council, banks are required to file a SAR with respect to:
“Transactions conducted or attempted by, at, or through the bank (or an affiliate) and aggregating $5,000 or more…”
It’s utterly obscene. According to the Justice Department, going to the bank and withdrawing $5,000 should potentially prompt a banker to rat you out to the police.
This may be a very early form of capital controls in the Land of the Free. This is the subject of today’s Podcast. You can listen in here.
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+1 ...rhetorical, but worth mentioning...I do remember the Carlin quote about the " Big Club"...I think that applies here. ;)
George Carlin - It's a big club and you ain't in it
https://www.youtube.com/watch?v=i5dBZDSSky0
+1000...never gets old
when HSBC launders hundresds of millions of drug money.....
I miss kchrisc's posts.......
Did kchrisc get whacked/banned?
I dunno. His posts were brief, but funny, and always referred to the guillotine.
Dexter- kcchris was posting the other morning. Hadn't seen him in a while until then. Thought he actually went to collect from a bankster.
My daughter bought a house 2 years ago - one requirement prior to closing was to have the down payment + enough to cover closing costs at the bank (credit union) that was giving her a mortgage.
She opened the credit union checking account when they approved her mortgage - and had deposited a few hundred into it as an opening deposit.
Two weeks before closing I told her she better get the money deposited in the credit union checking account.
She goes into the credit union - writes a check for $40,000 on her Bank of America checking account and tries to make a deposit.
They tell her she can't deposit a check for this much.
She comes home and tells me this and I figure there must be some mistake.
I go back to the credit union with her - and sure enough - they refuse to take the deposit because it is over $10K and her account is less than a month old.
So I say - can I go get a cashiers check from BOA to make the deposit?
NO.
Can I go get "cash" and make the deposit?
NO.
So I ask - How are we to get the money into this account before closing?
I don't know is the answer.
I pitched a fit - and ended up with a face to face with the VP of something or other.
I explain to him what she is doing and why - and he says they can't TAKE THE RISK WITH A NEW CUSTOMER.
So I ask him - Then why did you agree to take the risk and give her a $120K mortgage?
The look on his face - DUH
He actually said that was a different department -
They finally agreed to take the deposit - but would not release any funds from it for 7 business days. Which worked for us because closing was in 10 days.
Our banking system is almost as fucked up as our health insurance system.
See my post above.
Been through the mortgage mill recently. The lender required bank statements and questioned every deposit and withdrawal.
Somewhere there must be a happy underwriting medium between "fog a mirror" and "rectal exam".
At this point, If haven't got the news yet, If you have ANY money in Electronic form(bank account, stocks, bonds, etc) You deserve what you WON'T get. (ie your money)
If you don't have it in your hand, then by NEW definition, It AIN'T yours.
It's the GOVERNMENT's. THey may or MAY NOT let you have it.
If yes, only a very little at a time.
Over $2000, You will be noticed. Small amounts over time, You WILL be noticed(aggregating). You Will be visited.
Sorry if you have a few hundred thousand or what ever. You may never get it out.
Safety Deposit box??? That phrase is as honest as FEDERAL reserve bank.
You are right on every point.
Neither banks nor their customers realize that when customers make a depost, they are "in reality" lending their money to that bank. For the bank to have the audacity to treat it otherwise is nothing short of criminal. Even customers are so accustomed to bank bullying that they have forgotten that they have only loaned the bank that deposit and have every right to get every penny of it back... on the spot... upon demand. But that ain't the way it works anymore. The banks have gotten so arrogant and out of control that they are signing their own death warrants and are too stupid to even realize 'that'.
THERE IS NO LONGER ANY REASON FOR ANY HUMAN BEING TO DEPOSIT ANY MONEY INTO ANY BANK. WHY PUT YOUR MONEY THERE, AT GREAT RISK, WHEN THE BANK PAYS YOU ABSOLUTELY NOTHING FOR THE LOAN?
It doesn't matter if we are currently in an inflationary cycle. What good are you gaining by having your money in the hands of a theiving bank who pays you no interest?
It doesn't matter if we are currently in a deflationary cycle. What good are you gaining by having your money in the hands of a theiving bank who pays you no interest?
Sooooo, as the public eventually catches on that there is absolutely no reason to let any bank hold any funds, they will start to withdraw those funds en masse. Once the run on that greedy bank starts, the bank will suddenly realize that they don't have the reserves for all the loans on their books. They are suddenly operating illegaly and will have to call in loans... justr feeding the flames of deflation even further. That bank will suddenly find itself royally fucked and its leaders will STILL be too freaking stupid to understand why it happened. This scenario is not theoretical. It is absolutely guaranteed to happen.
if you are a US citizen, then you can legally buy/sell ANY amount of US gold eagles (and others) without generating a SAR.
If buying, then do this with a wire transfer to your PM dealer. When selling, then find a local PM dealer who will pay you in cash...
An early form? Once they started blocking checks over a certain amount unless it uses SWIFT, we had capital controls.
What's so "stunning" about the inevitable; something that began a certain day in Dallas when a "magical" bullet showed the world that Pax Americana was moving into the realm of Machiavellian "make belief" where "Read my lips" was the swan song of the new world order of the Princes of "we are making you an offer you can't refuse"... a nation that towered like a colossus post Berlin Wall collapse.
The world changed right there and the West lost its "cutting edge" of excellence to become, in the heady vapours of irrational hubris and run-away toxic steroid fiat pumping (all based on unlimited debt), the cutting edge of global decadence; as the world's leading institutions morphed one after the other on the road to deperdition.
"This is not a technological breakdown, this is the road to Hell"...sang the bard !
Humpty Dumpty sat on the wall...in the winter of his discontent having lost his invisible hand like the Jihadists have lost their invisible hand of Godly protection when they kill a 142 people in God's Mosque or Temple.
Nothing new, killing people in prayer is a sign of the God-loving, since Moslem Allah defied Crusader "God wills it" in Jerusalem, showing that a creationist creed hates more than anything its "mirror opposite"; those who love another version of mystical metaphysics.
Just like the bankstas hate Yanis's version of mockery of Oligarchy market's "invisible hand", the current expression in EU of Mutti's Deutsche Bank HF shenanigans.
Perfect God and Perfect markets; the same face of Man's fascination with Dante's Inferno, of his own making...
[ Some banks already have close relationships with Law Enforcement...
They sure do. How do you think the thugs know who to pull over on the highway and rob! (excuse please, I mean confiscate)
In the Land of the Fee, you shouldn't keep 5 grand in any bank.
This nothing! I heard The Premier signed an EO effective next week that a funeral director has to turn over any gold in a corpse' teeth to the IRS.
If a relative dies in hospital, make sure you get their wedding rings off, too! Any unclaimed jewelry on a body belongs to the USG!
So,why are they leaving out bank executives at all the New York banks that launder drug money for the CIA?I almost forgot,they're government operations and the U.S. Government now needs the funds to literally survive,since they can't do it by taxes alone now.All the jobs got given away to communists in China.
http://www.globalresearch.ca/money-laundering-and-the-drug-trade-the-rol...
Mitt Romney has two Structured Trust Funds off Shore.
Why are Offshore Accounts for Executive Wages Legal. The money is already gone.
What stops Giant Corporations & Banks from Depapitalizing it's USA Holdings in a Crisis or Dollar Collapse or Stock Market Collapse??
It is A-Okay to Set up a Slave Factory in China with Capital from the USA. Well Like United Fruit always did.
Take out your 25 large and then swing by the local casino and withdraw $500 from their ATM.
RE: The above. I'm going long flour!
Dog
If they hesitate to give you your money, tell them you'll take a 1000 in cash and the rest in a cashier's check.
Then move over to the next window (or the next branch) and present your cashier's check for payment.
Where they will refuse to cash the cashier's check that day because they simply don't have that kind of fiat in hand in any fucking bank these days. Anything over $5000 usually requires a special delivery of fiat because banks keep the bare minimum of physical fiat on hand to take care of business. (Or at least, this is the excuse they will fob you off with while they fill out those forms to report your suspicious behavior to da gubmint.)
so will she be reporting herself and her industry for "criminal nefarious activity" . There is a whale to be caught out there Ahab.
So, the bankster at the top takes out $5 million, does anyone file a report on him. Simon, see William Black's "The Best Way To Rob A Bank Is To Own One." Snakes in Suits at work.
"And yes, bank executives and directors can even be imprisoned for noncompliance."
That's the joke of the day :-) :-)
The corrupt criminal american justless dept is going to woar against the American People at a theater near you soon!
http://12160.info/profiles/blogs/are-there-drones-in-your-town-check-thi...
Confucius says, “Money flows to power”
Wall Street and its government lackys say, “You’re damn right C-man, especially the power to print and control flow of money”
I heard that mattresses stuffed with paper money are the most comfortable ones. Really good for bad back, especially get screwed from the backside by the authority.
Another step closer to sticking a chip up your ass.
It seems like it is the $1.7 Quadrillion in Derivatives we have out there.
You can never tell when the next Liquidity Crisis will appear and they ain't gonna clean up sh**.
So naturally they want to prevent money from being protected, withdrawn, or Bank Runs.
We almost had an American Dream, Liberty, Freedom, Equality, Justice for All... Naw Military Republic with many Social Programs, Corporate Welfare (or Protection), Justice only for the Wealthiest in any Lawsuit, Money in Politics, some capitalism some fixed Markets, Heavy Handed Private FED, and some democracy at the Town, City, County, and State level.
It ain't Free Markets and It ain't Capitalism and it ain't Democracy.
The US must have some great killer tech we don't know about.
It's the only thing that makes sense.
Can they really be this stupid without having some aces up their sleeves?
If attacked, I don't see anyone willing to sacrifice their lives for this government.
It's every man, woman, and child for themselves, apparently.
Good luck to you.
"If attacked, I don't see anyone willing to sacrifice their lives for this government."
I am not so sure of that. Hint: Ukrainians and their government.
I stole that line from a Ukrainian.
You can keep that line......but we're not giving the gold back.
Empires have had a way of getting big and powerful, then incomprehensably stupid, then going away throughout history.
Her name is Rotundra
I'm an anti-money laundering intelligence analyst for one of the largest banks in the world. The reason for bypassing SARs is to supplement the new KYC program the Fed has imposed on the banking industry. If a SAR is filed for every questionable action, there wouldn't be enough case analysts for banks to handle the crush of new cases. But I assure you dear readers, if you attempt to withdraw $5,000 cash and the teller doesn't file a SAR anyway (regardless of your attitude), chances are it will trigger a MANTAS alert. They're already doing this all the time. And a lot of us in the AML biz aren't exactly fans of it either.
in the bunga-bunga country the limit for the SAR trigger is 999Euros
believe me !
Bunga Bunga can approve it.
Yes, indeed, banks serve no purpose but theft. Apparently, anyone who wants to withdraw enough money to book a vacation or make a downpayment on a car is a criminal.
Abolish the banks.
Leslie is a bit scary lookin........
she talks like a fag and her shits all retarded
I needed to withdraw $7,000 a few years ago to buy a used truck. First the bank claimed they didn't have that much, then they found a $500 a day withdrawal limit rule in the account agreement, then the manager came out and told me that I would have to take it as a cashier's check.
I had to take the cashier's check and go to my wife's bank and cash it. Had no problem there.
They acted like I was Osama Bin Laden because I wanted $7,000.
It was at that moment that I realized that once you deposit it in the bank, you have limited control over whether you will ever be able to get it back again. It's not really yours anymore. All that for .025% interest.
Used Toyota pickup with a machine gun mount
As usual, Simon only tells half of the story, or mis-represents the portion he does tell, for example, here is what he wrote:
"According to the handbook for the Federal Financial Institution Examination Council, banks are required to file a SAR with respect to:
“Transactions conducted or attempted by, at, or through the bank (or an affiliate) and aggregating $5,000 or more…”
Here is what the regulations actually say:
Transactions conducted or attempted by, at, or through the bank (or an affiliate) and aggregating $5,000 or more, if the bank or affiliate knows, suspects, or has reason to suspect that the transaction:
This part seems pretty all encompassing, No?
OT- has this been posted earlier that I haven't seen. Talk about a Friday dump.
http://www.telegraph.co.uk/news/worldnews/europe/russia/11485352/Vladimi...
I notice assistant attorney general Leslie Caldwell is wearing a wedding ring. My sympathies for Mr. Caldwell. Leslie is now my image of a government lawyer (shiver, ugh).
Read "Licensed to Lie" by Texas superlawyer Sidney Powell + you'll find out just how dirty and unprincipled Ms. Caldwell is.
Unfortunately I need banks to hold my capital. I'm a real estate investor and need to do bankwires. I've got bankwires going out of my accounts to closing agents and bankwires coming into my accounts from closing agents. I'd love to be out of banks but I don't know how that can be accomplished. If anyone has a better solution to this I'm all ears.
In real estate, you're definitely screwed! Talk about dancing with the devil! You need to go Carlton Sheets-style!
You poor guy. LOL! I feel ya, bro.
Bitcoin will be a better way, but it'll probably be 5 years before they can solve the issues in the real estate industry. Your in too deep!
Oh no. I make great money and it is done in a way that has almost no risk. It's a very good system. One can prosper in RE in up markets and down markets, if one knows what they are doing. Everything I do is very short term and I also maintain my liquidity.
I hate anyone who is in real estate and uses their system to gain....worthless people.
Same and you can't especially if you are doing deals north of $10k where cash is largely impractical.
I used to work on Wall Street just a few years ago, and SARs had a minimum of $10k, so Capital Controls have grown in a very short amount of time. The U.S. Government definitely is running scared of citizens running scared from the dollar. You are treated like a criminal for being a free man, at this point. What a shame!
Why people use banks I have no idea. I was behind enemy lines, and ddin't even know it! I sure as hell don't use them anymore!
Just so you know, for a long time it has been criminally illegal to conduct any single fiat cash purchase or sale over $5,000. Even in Las Vegas.
No it's not! You could go to Binions or Rio, and buy your way into the WSOP Main Event for $10k cash.
20-30 years agio, you used to be able to buy a luxury car cash. Welcome to The Police States of America!
What species do you humans call that. Is that a photo of a hog? Why's it wearing a coat? Looks like it has some kind of trophy tag hanging around its upper shoulder meat. Don't you usually put apples in their mouths? Why's it standing on its hind legs? Its gross whatever it is. Better get in the oven before it stinks the place up.
It does look ready to slaughter and a truckload of soap and little protein seems like a reasonable yield off that carcass. I think she has been fed to well, for to let long?!
She might yield 10 or fifteen gallons of biodiesel if you are excellent in your yield.
I'm glad I don't have to divorce THAT......woman?
She an the wookie might make a good couple?
Adrogynous Obesus
Stash your earnings in the Tempur-Pedic Savings and Loan. When it comes time to retire, buy a sailboat (Tartan 4400 or better) and invest the rest of your money in gold. Smelt the gold and form it into the keel of your boat.
Sail straight to Vladivostok. Take the Transiberian Railway to the middle of Bumfuckov, Russia, dig a hole and bury your gold. Obtain a Russian passport and renounce US citizenship. Live the rest of your days on a steady diet of Stoli, caviar and hot Russian babes. Dare to dream.
Seriously, now I know how all those Cold War Russkies felt when they were plotting their escape from the USSR to the US, except now it's in reverse.
Your keen! But I think renouncing your citizenship is bad idea.
You can stay off the grid and live and trade with your trusted few.
To renounce your citizenship and disappear from the "man's" radar is not the same thing.
Keep your passport and , just, disappear.
They will do this with deposits also. They(maybe bank, don't know) will hold half of your large deposit for a week. I have had the same bank account for 25 yrs. ,, just changed (but I'm sure the new bank will do it too). Apparently its at the discretion of the bank teller. When I raised hell about my assets being confiscated, she said it was a law passed by congress several years ago. Of course I received no intrest on the half of the depost they stole from me for week. Crooked ass fuckin thieves is all they are. Value of a decentralized currency is looking better and better.
I would disagree that the banks are "unpaid". If a bank makes bad investments and get in trouble as a result, the government will bail them out. The Federal Reserve is more than happy building up excess bank reserves and paying banks interest for holding those excess reserves. The banks are well compensated for being government spies.
Rotfl 'unpaid'. We'll let you add 0's at 0.5% and let you rent those zeroes for whatever you can get. If that doesn't work out just come back for more zeroes. My horse could make money with that deal.
Just another nudge in the direction of a "cashless" society. All transactions can and will be monitored. Any "suspicious" transaction and your ability to access your funds will be suspended.
So when we go "cashless", if we do, what would be gold's role be?
Escaping the country before forced micro chip implants and "vaccinations", thats what golds role will be.
The vermin have a goal:
1) get the population down to a sustainable level they can control
2) implant chips in the remaining population
3) control access to resources with the chip implants to stifle competition and keep everyone locked in their class/servitude roles
4) rule the world with a machine army that kills indiscriminately.
5) harvest organs from the masses like vampires to live forever.
6) fuse with machines and become gods
Thats pretty much their goal.
Gold + silver would fund a thriving black market. In all countries where the govt gets too heavy-handed, big, expansive black markets arise.
The Usa always had capital controls
Its called a bank holiday.
Just shut the doors
There's your control.
Pull dollars out in small, incremental amounts.
Duh!
For those that still thank that Zion is not real, and that the DC US is the "land of the free," piss off the bank teller the next time you're at your bank.
I dare you.
The banksters need to repay us.
Hey, glad to see you back - been missing your posts.
For those of us not at the top of the food chain, you can take comfort in the fact that money does not buy happiness.
Comfort yes, but happiness no.
WTF are they going to do when 10K FRN USD will not buy a loaf of stale bread?
They are counting strands of hay in a burning barn... this collapse is going to be epic.
LOL.
I used to transfer small amounts of money to GoldMoney.com. You know how that works - it goes to them and you select what metals you want to buy. I did this monthly. The last time I did it I was questioned aggressively by Junior at the bank about where the money was going, what kind of metals I was going to buy, etc. Unless I answered all their nutty questions, they would refuse to do the transfer. Offensive. I refused to answer. And I don't do business w/that bank anymore.
Their only 'explanation' was that they thought it was 'suspicious' that so many of their customers were sending money to GoldMoney.
Tell them they created a self-fulfilling prophesy of sorts. The more then mistreat their customers, the more their customers find replacements for them.
Good story; half truth and not so true.
You mean the bank's story?
Question: Does this article apply only to cash (fiat paper currency), or ALL transfers and payments including checks, wire-transfers, etc? Formerly this kind of behavior only applied to fiat paper cash, but... have they now extended this to "everything" including checks and electronic transfers?
I've said it before and I'll say it again. Anyone who keeps more than $5K in a bank today is insane.
In almost every way, gold and silver are perfect.
I have noticed recently when you purchase over "X" amount using a CHASE Credit Card; the will flag it and deny it, thus forcing you to either call to resolve or call before making the purchase...the department is the "fraud department". The amount seems to be between $500 & $800 and from common sites within one's own country. I had that issue come up 5 months or so ago with an HP Laptop purchase.
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The only true liberty is from Christ; really is that simple...apart from that a human is enslaved to their-self, the lusts of the world and that evil being referred to by many names of which one is Satan. Oh, and if you look up the definition of "FREEDOM"; that is a grand illusion; no one can claim Mr. Webster's definition of Freedom.
Utter insanity. Invasion of Privacy. Abuse of the citizenry. Who works for whom?
Epidemic, Hazardous, Hazardous material, incident, Industrial spill, Infection, Powder (white) Gas, Spillover, Anthrax, Blister agent, Chemical agent, Exposure, Burn, Nerve agent, Ricin, Sarin, North Korea, Outbreak, Contamination, Exposure, Virus, Evacuation, Bacteria, Recall,
Ebola, Food Poisoning, Plague, Terror Tuberculosis, Pandemic, H5N1, Communications infrastructure, Infrastructure security, Airport, CIKR (Critical Infrastructure & Key Resources)
AMTRAK, Collapse, Juarez, Trafficking - Just a few of the words to use while surfing that are on the Uncle Sam admits monitoring you for these 377 words:
Time to get all your money out of the banking system, in trying to control outflows of capital the JD will cause runs on the banks. I don't care where you keep it, but you worked for it and I don't want to see the criminals in government and banking take it.
Only one correction on the article.
It says, banks are spying for Government.
I beg to disagree.
Government is working for Banks.
This rule is basically to protect bank cash holding.
All suspicious money will be confiscated by police and deposited in same bank.
Anyone with unclear or undocumented source of profits better start running
Nazi Germany is envious of this group of tyrannical pricks.
Thank God for government. They're protecting us from measles, Isis, mumps, terrorists, drug smugglers, while delivering us into the hands of money managers, tax advisors, lawyers and others looking out for our best interests. Where would we be without government?
They ask nothing of us other than giving up young males for cannon fodder and young females breeding more of the same while providing, at the same time, sufficient funds that they live in leisure and free from want.
Without government you would be eating your neighbor or your neighbor eating you. Man cannot live with his neighbor apart from rules and regulations. See history of mankind.
Croc, sorry, but you're dead wrong. The world existed for many years without government. Social and tribal agreements kept societies functioning without even police forces. I have visited some existing very well with this even today.
This is not to say government is inherently evil. That would not be the case if somehow we could have government without inherent beliefs in their own superiority, without egos that send millions to die for their crackpot beliefs. Witness WW1 and WW2, Vietnam and Iraq for evidence of that.
Societies that exist without examination of their own faults are doomed to extinction. Look to history for evidence of that.
@ Crocodile.
You are confused (not surprising, we have all been encouraged to be confused), or perhaps need to express yourself better. 'Government' of mankind inevitably ends up with the disaster you say comes from a lack of 'Government', because you inevitably get the power grab and descent into the lawless State, with the assumption of the proven lie and despotic tyranny of Divine Right, where "The Law is what 'we' say it is". Within this lawless State environment, the worst of the worst inevitably end up rising to the top, which is why lawless States always fail, that failure is usually catastrophic, and usually accompanied by massive bloodshed. This disastrous and despotic philosophy is no different to the self proclaimed Satanist Aleister Crowley's "Do what thou wilt be the whole of the law".
The reality is, the vast majority of humanity are fine, and live perfectly happily with their neighbours. Look at civilisation's Mother Cities for solid proof of this (they are also further confirmation of John Locke's philosophies and researched conclusions), for example Caral in Peru, which didn't even have defensive structures or fortifications, and lived at peace with itself and its neighbours for about 1,000 years.
It is Law and the provision of Justice, that protects people's Rights, Liberties, and Freedoms, from the tiny minority that would wage war against them from inside their own Societies. No Law can contravene those Rights, Liberties, and Freedoms.
With the power grab being the problem (even at the personal and local level, let alone the National level), it has long been proven that nobody can be trusted with power, so nobody must be allowed access to it. So power is swept off the table.
This starting to make sense? “In questions of power, let no more be heard of confidence in man, but bind him down from mischief by the chains of the Constitution.” Thomas Jefferson
You sweep power off the table, by not allowing the making of Laws (because making Law is the exercising of power, and it is why in a lawless State, you tend to get blizzards of new 'laws' that turn everybody into criminals, and those 'laws' get changed on whim, mood, temper, or convenience, and the law is even for sale to the highest bidder - Treaties, Agreements, heck, even business contracts, aren't worth the paper they are printed on, and it is why the only safe dealings you can have with a lawless State, are no dealings at all).
So instead of lawmakers, you have legislators sitting in a Legislative Body. ALL of the legislation they create, must be thoroughly discussed, so the Courts can determine the intent of the legislators (otherwise you have Courts making it up as they go along, and even thinking that they make 'law' - itself a sign of a lawless State, and for perspective, the EU's judiciary have admitted that this is how they think, and is further confirmation that by every definition, the EU is a lawless State).
"The first and governing maxim in the interpretation of a statute is to discover the meaning of those who made it." James Wilson, Of the Study of Law in the United States, Circa 1790
Next, ALL legislation must comply with the Law to be 'lawful', otherwise it is 'unlawful', and illegal, and void.
Hand in glove with that, we must have an independent Judiciary, and a Jury of our peers (who are the final Constitutional arbiters, who can find legislation to be unlawful, and it is then 'sent back' to the legislature, where it is declared to be "Not Law", and treated as if it never existed - which is why tyrants want to do away with jury trials).
We aren't supposed to have 'Governments' at all. We are supposed to be 'governed' by the Law. The Rule of Law is literal, and the words mean exactly what they say. The Offices of State are ALSO governed by the Law, which is why the definition of the Rule of Law, is "If the Law makes the King, then the King is subject to the Law" (that's actually where British subject comes from, and it has nothing to do with being a forelock tugging serf).
This is why John Locke (the guy that proved the lie of Divine Right, inventing the Scientific Method - Empiricism - to do it, and with the assistance of King William, enabled the creation of a balanced Republic under the Rule of Law for the first time in human history, as a result) was correctly able to say:
"The end of law is not to abolish or restrain, but to preserve and enlarge freedom. For in all the states of created beings capable of law, where there is no law, there is no freedom."
The Rights, Liberties, Freedoms, Constitutions, Bills of Rights, Common Laws, and Offices of State, are the PROPERTY of the People, and their Birthright (which no 'Government' can lawfully or legitimately deny), which is why John Locke was also able to correctly say:
"Government has no other end, but the preservation of property."
“Property, not conscience, is the basis of liberty. For the defence of conscience need not arise. Property is always exposed to interference. It is the constant object of policy.” Lord Acton
Hope that helps.
I wonder how much of her thigh surface area rubs against the other thigh? I'm betting we're somewhere around 3-4 sq ft.
Let me get this strait. Banksters will investigate or denounce to law enforcement those who want prevent banks from stealing their money and hence withdrawing their cash. Ingenious.
Last year there was a story on ZH about banksters killing cash businesses by seizing or forfeiting of hard earned money from businesses serving unbanked or poor.
Soon retirees will have to pickup retirement check in Police or FBI department of your friendly neighborhood bank with written explanation for what he/she needs money and why. You better have 1984 good reasons. Now only name change left from USA to USSA.
More on forfeiture of real estate assets by police at:
https://contrarianopinion.wordpress.com/2015/01/19/property-of-none/
More on conversion of political systems at:
https://contrarianopinion.wordpress.com/2015/01/06/pools-and-propaganda-...
I take routine amounts often larger than $5K out of the bank, of course it's at the end of a hand gun..nobody fills out a sars report on me. they are all very polite like and seem to want to give quick service. no trouble just put it in the bag.
"...said Kevin Rosenberg, chair of Goldberg Lowenstein & Weatherwax LLP’s government investigation and white collar litigation group..."
Trotsky..!!!??? Paging Mr. Leon Trotsky...!!!
According to this Article, 1.6 MM SARS were filed in 2013 = 99% of Americans are Unaffected.
And the mere filing of SARS does not impart ANY Criminal Liability whatseover.
It is NOT illegal to have Cash in America, and it NEVER will be.
One can own US Bills Directly with an SS # and DL:
They cannot be Encumbered, and a Rock Solid System, Courtesy of Our American Government, exists whereby one can USE ANY BANK as a short stop from TOTAL SAFETY to Cash in your Pocket.
I have had more than $ 1 Million in Cash taken DIRECTLY Out of the Banks just to have "Cash", without Problem or Incident.
If "Two Policemen" came to My Driveway, So What ?
As I have said, in America Law is King:
INGNORANCE and KNOWLEDGE Direct its Power.
The Law Protects the Vigilant Before He Who Sleeps on His Rights.
The Choice Between IGNORANCE and KNOWLEDGE is made Individuals, Not Governments.
Nowhere in this World is this more True than America.
These are the Words of a Man who has been both a Poor Man and a Rich Man, Made in America.
Sweet love of GOD you took one HUGE sip of the coolaid.
WTF good is the law if you just make shit up as you go along? That is the state of the law in 2015, just make shit up. Ask Holder if you don't believe me.
The law in America is a gushing stream of sewer effulent that's enough to knock you over. The law exists largely to paper over government malfeasance and police bent on murder. The law is predatory and self serving in terms of for-profit law enforcement. There is "justice" and then there is "just us".
Which law is it that states I must have a SS# and also that it can be used for I.D.?
What law says I have to have a drivers license?
Ah shit, I took the bait didn't I, now how do I get this hook out of my lip?
Jebby Baby has got this. He just needs a few more dollars.
Translation from minimally intelligent government lesbian into English: "Terrorists are really, really bad. (beaming smile) Can I have my pat on the head and biscuit now?"
Yep. If I put in, take out $10k is a bank reportable transaction.
However if I transfer $10k from my account on-line to the Perth Mint for some gold it appears not.
Since you used the Perth Mint in your example I would say you are probably incorrect. Do you really think they are not keeping track of gold transactions? By which I mean physical gold. The government has called in all privately owned gold bullion in the past, and when SHTF, they will do it again. In a heartbeat. Folks who say gold is not valuable, or is a barbaric relic need to explain why nations are buying and hoarding it.
Paperien Bitte!
Fiat paper, toilet paper, and your passport.
Banks try to make sure when music stops, everybody is still in the room no matter how many of them have chairs.
I take back what I said about the hog. It's a lady and probably just someone that is trying to get by like the rest of us.
The Justice Department's Head of Criminal Activity is a criminal.
Looks like they better roll out the gurrney for this rotten OLD HAG next. She is a sun cooked dog-turd eating farking scumbag!
http://closedpress.com/video-hillary-now-no-longer-able-to-hold-office/
Have you not understood yet that certain individuals and businesses can relatively freely operate above the law? Nothing will come of this except perhaps a lot of noise.
Caldwell sure looks the part. Of a fascist apparatchik. Just look at her piggy eyes and her savage bloated countenance. Banks bow down to this treasonous sow. Trusting them with your money is insane.
If you submit an SAR against your bank because you think your bank is suspicious.....wait, there's no such thing.
Just as a reminder: There is a "template" for this, and we already discussed it at length. Shirley, back then we were talking about the Eurozone, but that does not make a serious difference. So let me invite you to have a look at our old insights (again): http://www.zerohedge.com/news/2013-03-29/guest-post-why-mr-dijsselbloem-...
History In The Making
I am pleased to confirm I have had it verified that in April we all plug into the soon-to-be-announced international facing exchange, connecting all global hubs. This is history in the making and it will change the way bullion is traded forever.
http://kingworldnews.com/andrew-maguire-we-are-now-seeing-shocking-behin...
If you needed money you would have spent it, not kept it in the bank. Confiscation is a no-victim crime.
Sounds like the end is nigh, but the end has been nigh for a long time now
Early Form of Capital Controls in America ?
where the fuck have you been ?
America tries ( and often does) control Capital globaly...
it's called sanctions for some and tax-avoidance for others.
Everything in America is controlled by the NSA etc....most of all your Capital !
it's called Tax .... and it hits you in many ways.
America is the worst controlling autocratic Regime there is, especially when it comes to other Peoples cash or other assets.
The USD is the world reserve currency and the US Feds have been devaluing the USD to steal other Peoples hard-earned cash...
but I guess this is hard to see if you are so caught up in all the US bullshit...
I don't even know why I bother anymore...
American Politics and Ms-media are just so totally fucked up
I trust Russia more than the US any day ....
WR;)
If fiat is headed to zero why would they want to limit what folks have or can get from the bank...?
If they did not intend to confiscate pms why would they be tracking purchases...?
Freedom has gone the way of the dodo bird...
My guess would be they already have planned the next great depression....
Washington reportedly threatened to stop sharing intelligence with Berlin if it offered asylum to NSA whistleblower Edward Snowden, or arranged for him to travel to Germany, according to a report by journalist Glenn Greenwald.
“They told us they would stop notifying us of plots and other intelligence matters,” German Vice Chancellor Sigmar Gabriel said earlier this week, Greenwald wrote in the Intercept.
According to the journalist, in the case of Snowden “one of two things is true: 1) the US actually threatened Germany that it would refrain from notifying them of terrorist plots against German citizens and thus deliberately leave them vulnerable to violent attacks, or 2) some combination of high officials from the US and/or German governments are invoking such fictitious threats in order to manipulate and scare the German public into believing that asylum for Snowden will endanger their lives. Both are obviously noteworthy, though it’s hard to say which is worse.” Published time: March 20, 2015 15:42 http://rt.com/news/242661-us-threatened-germany-asylum/ WR;)<-- I don't think your little list will stop the bank runs, Barry
<-- Who cares, they can report my pot to piss in too
I stopped at "bank executives and directors can even be imprisoned for noncompliance."
Since when?
http://www.bbc.com/news/world-us-canada-18450893
and when he needed to be convinced not to rat...
https://www.youtube.com/watch?v=XotJ142oU5g
...at this point, he's considering whether or not knowing those cartel boys was worth the hassle. ;)
I do my banking with the local drug dealer.
He's far more trustworthy than more traditional banking establishments.
"We have a great arrangement, he holds my paycheck, and I hold his stash."
Just another reason I don't keep large amounts of money in banks. Only enough for bills and payroll/taxes.
Hard assets is the only option.
There NEVER was any FREEDOM !!!
you have all been fed on bullshit since you were born!
I realize that this fact is very hard to admit for some,
especially when you bought into all that America Freedom Bullshit
or any of the other Fascist Patriotic Nationalistic Bullshit....
no matter what part of the planet you came from.
Fact is, most of you are more controlled than ever...
programmed clones hooked up to their masters IT devices...
totally programmed to consume Chicken Farm...
that's what you call freedom???
WR;)
die wiebe, my hope is that many are awake in usa, the state has lost power..perhaps that is happening and that is why the state must allow illegals by the millions..they don't know any better and will accept life in usa under the tyrants thumb , if the serfs object, just import more dumb serfs.
That's funny.
I didn't need to provide an explanation when I put the money IN the bank.
@Mareka
BTW cool avatar. Not sure how many people remember Ming the Merciless.
haha..i can just imagine this soundtrack being played before every fed meeting
https://www.youtube.com/watch?v=km4u-8dcKJk
In Connecticut you need to show ID to buy gold coins. The dealer needs to keep a copy of your ID info for their records.
The "Constitution State," LOL.
Seize,
Shit, I hadn't heard that. I haven't bought from local dealers in a long time.
I buy online all the time, which I suppose is just as bad if not worse.
I've lived in CT most of my life, it's breathtaking how far this state has sunk so quickly. The elections are won by union bosses by getting all the "votes" in the big cities of Hartford, Bridgeport, New London, New Haven, etc The burbs have absolutely no say in anything - not enough of us to make a dent in the Free Shit Army advantage. The sad part is that the burbs pay all the taxes. I'd say "something's gotta give" but it hasn't. CT is dying slowly, hasn't increased population in years and years.
If you take away Fairfield County, the socioeconomic profile of Connecticut's denizens resembles a 3rd world country at best. Take a drive through Waterbury if you don't believe me. Good luck with that!
I'm on the NY line so maybe go to NY for coinage? What part do you live in?
I once knew a guy who was born in Waterbury.
He said the dream job there was deburring castings.
And that was back in the day when they actually made stuff.
Wow, you made me realize how old I am. I had a job in summertime in a factory deburring castings in Meriden CT. Paid $8/hr in 1987 thanks to unions. That was the tail end of the time people could actually get paid for "manual labor".
Waterbury was once a proud city known for brass and industry until the life was sucked out of it. The lower middle class was replaced with black and puerto rican slaves. For all you assholes who want to call me a racist, FUCK YOU. I lived it assholes, and the black and PRs got fucked too.
EVERYONE LOST except for the politicians and academics whose "experiements" went to shit.
another sign of the upcoming "wheelbarrow cash" collapse of the banking sector.
first they pay you nothing for your money, then they load you up on "insurance" costs for your lifestyle then its bank charges so they can cover regulatory compliance..now its government harassment if you use your own cash as a medium of exchange for private sector transactions...
next..along the lines of "you didn't build that" it will be "you didn't earn that" or worse still "you aren't using that so we will/you don't need that"..
perhaps we will even get (legally enforced) compulsory equity purchases to keep the stock market/asset price bubbles inflating instead of creating a chocie of "lose bits of money in cash or take massive amounts of risk for no rational prospect of economic return".
How many don't think will be abused by Politicians and Banks to act on Activists against Politicians and Banks.
All under the guise of suspicion....
Ok, let me get this straight:
we have Delta force role playing in Utah and Texas
Hilary talking about "Fun Camps" for adults
ISIS randomly getting weapons dropped by the USAF (it's true...i spoke with one of the manufacturers of the parachute GPS companies)
And now banks are watching us if we use more than $5K cash?
HOLY FUCK ALEX JONES ISN'T CRAZY
He says it himself, the cabal members have to somehow tell the truth, hoping that you don't listen or don't care, just for cosmic balance.
And lo, that is why Agent Hicks has come to save us, in the form of a tall Texan who could never be accused of being 'gutless'!
https://www.youtube.com/watch?v=-VB1nHkeF1A
They are forcing everyone into Gold Silver and Bitcoin and to get away from the Dollar completely. It is a good idea. Also the zirp forces savers out of the banks. Nobody needs to use banks anylonger. A corporation can create its own gold backed cryptocurrency and so can any opensource group. Which I might just start such a group if someone isn't doing it already. Nobody needs banks they need guns and ammo and long term food and medical storage but they don't need banks.
Which explains why the SCO is all of a sudden so popular?
They always promote the fat ugly bitches. WTF? Get rid of the government, not only are they all stupid they're all fat and ugly. It looks like she needs to visit the can. What a pig.
Freedom of speech. Just watch what you say.
Freedom of fiat money wage-slave paper. Just watch what you transfer.
"... said assistant attorney general Leslie Caldwell in a Monday speech..."
Maybe Uncle Fester can explain to 320 million Americans why her banker friends have been allowed to launder hundreds of billions of dollars in cartel drug money, and combine to rig major global interest rates, without one single criminal prosecution.
And my $800 under the mattress is a friggin' national threat??
http://disney.wikia.com/wiki/File:Uncle_Fester_-_Jackie_Coogan.jpg
Stop it already. All accounts already are watched in real time with analyst ready when triggers are met. C'mon folks. Stop fooling yourself.
__________
This has happened to me for the past 3 years at Associated Bank in Greenfield, Wisconsin.
I'm sitting on well over 100K cash and I ask for 5 or 6K to help get me through the next month on my summer visit from Asia, where I live full time, and the teller acts as though I pulled a gun on her to rob the bank. They, of course don't have it and manage to scrounge up 2 or 3K and and tell me to come back tomorrow and admonish me to always let them know a few days in advance if I need to get that kind of cash..
Capital controls are already in place.
And yeah.. the teller asked why I needed it too and I wanted to tell her to go fuck herself, but I realize she is just an employee. There actually was nobody at the bank who I could tell to fuck themselves.. So to whoever forced this policy upon the banks to keep citizens like me from gaining access to our hard earned currency.... GO FUCK YOURSELF!
I just want to know ... What the hell is that beast!? And who is giving it power? What's with the trend regarding oversized transgender mutants in positions of power in govt? I feel like I'm living in a fucked up video game or dark comic book story..
But some Saudi "prince" giving $300,000 to Podunk University and Podunk University inviting Hillary to give a speech for $300,000 is not illegal. And the fact that the $300,000 is deposited into the tax-free Clinton Foundation is not to be questioned. They are just concerned with my $20,000 house downpayment?
Full-spectrum dominance is a military term.
It means absolute control of the battlefield.
Like it or not, know it or not, you're on the battlefield.
Stealth martial law moving along all perimeters.
I wish I was just being paranoid, but I'm not.
is mandatory direct deposit of your pay Constitutional? Think of it. You will never live ourstide the matrix if the governement had access to all your information. Um, sorry. I guess maybe they already do?