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Guest Post: The Unpaid Spies In The Financial System

Tyler Durden's picture





 

From Simon Black of Sovereign Man

The Unpaid Spies In The Financial System

Here’s a quick crash course in how the intelligence business works these days.  Despite the Hollywood mystique of suave, womanizing, pun-dropping men of mystery flitting around the world, it’s much more mundane.

In reality, government operatives from a host of three-letter agencies are working to develop large networks of informants. These are mostly folks who deal with other people and are in the know– the bartender in Beirut, the luxury car dealer in Bogota, the money changer in Riyadh, the hotel manager in Shanghai, etc.

These assets are constantly being pumped for information– who did you see, what were they buying, where did they go next, who were they with, what were they discussing, etc. And in exchange, informants typically get paid.

In the United States, there are a number of laws on the books which are theoretically supposed to prevent the three letter agencies from spying on US citizens. Naturally, the government dispenses with such inconvenient formalities in its sole discretion, and Congress frequently passes legislative exceptions (USA PATRIOT Act, NDAA, etc.)

There’s a little known division of the Treasury Department called the Financial Crimes Enforcement Network (FinCEN) whose mission is to “to enhance U.S. national security, deter and detect criminal activity, and safeguard financial systems from abuse by promoting transparency in the U.S. and international financial systems.”

Here’s a government agency rule of thumb: The more noble-sounding the mission statement, the more villainous the agency.

FinCEN is basically the CIA of the financial system. But unlike the CIA which is technically not allowed to spy on US citizens and typically has to pay informants, FinCEN has complete legal authority over US persons. And they’ve managed to turn the entire financial system into the world’s largest network of informants.

Simply put, your banker is an unpaid, often unwilling spy of the US government.

Case in point– last week, FinCEN announced that a California banker had been slapped with a $25,000 penalty for notifying a customer who had become the subject of a federal “Suspicious Activity Report” or SAR.

SARs are required to be filed by bankers, brokers, money changers, check cashers, and even casinos. You may have been the subject of dozens of SARs and never know, because it’s against the law for your banker to notify you.

As for what is considered “suspicious”, there is no clear guidance on this. It could be anything– depositing or withdrawing too much cash, ATM withdrawals in foreign countries, unusual fund transfers into your account. Basically, anything that’s a departure from a completely sterile existence.

What’s more, financial institutions frequently have a minimum quota of SARs to fill out, and those who do not comply face severe penalties. Financial institution employees can even face CRIMINAL charges for failing to file a SAR.

Now, your banker may be a good guy, but do you think s/he’s willing to do jail time? No chance.

This is how normal, everyday people end up on government watch lists or have their assets frozen ‘pending investigation’. And with the recent passing of the National Defense Authorization Act and its catch-all terrorism clauses, we can only expect this to get worse.

It’s truly despicable when you think about it– the federal government creates a currency monopoly at the point of a gun (try buying your groceries with Swiss francs). Then they make it nearly impossible to function in this world without using the banking system, and then turn the entire banking system into a network of spies.

If you want to reduce these risks and dull the impact of the coming wave of SAR-driven civil asset forfeiture, it would be a really smart move to open a foreign bank account.

Nearly every country in the world has anti-money laundering rules now. Some (such as Mongolia, where I recently opened an account yielding nearly 14%), are easier than others. But the bottom line is that you’d be moving your money out of the jurisdiction where you live, and into a place where those agencies have zero (or limited) authority.

And if you want even more financial privacy, I’d strongly recommend holding precious metals in an anonymous overseas vault.

 


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Tue, 12/20/2011 - 20:39 | Link to Comment heremynkitty
heremynkitty's picture

I'm SARry.

 

2 pgs of crap for a 67K wire transfer outta Wells Cargo.

Tue, 12/20/2011 - 22:55 | Link to Comment smiler03
smiler03's picture

So you can pay for your groceries in Chile with Swiss Francs? Malaka.

Wed, 12/21/2011 - 02:50 | Link to Comment Doña K
Doña K's picture

No. But the foreign exchange guys are everywhere near banks. They are lisensed and they will take all currencies, except Thai batt. At the Narita airport in Tokyo same sign no Thai batt. I don't know why. 

So then, you can actually buy groceries with any currency. Many countries in SA are running like that. I once bought some CD's with combination of USD, Chilean pesos and Peruvian soles. Also in the downtown districs of big cities, you can find coin dealers that you can deal on anything and everything. They also have scales for buying gold etc and equipment to test for karats. Same as on 47th street in NY.

In Istrael with tourists from everywhere they will also take whatever you have. The local paper publishes the value versus the shekel daily.

These are facts.

But don't show up in north Dakota with Chilean money.   

Wed, 12/21/2011 - 04:42 | Link to Comment snowlywhite
snowlywhite's picture

from what I remember, it's illegal to take out baht from Thailand.

 

so I guess they can't change it back in something else(and smuggling back in sounds way too much for an exchange shop... - it's a bloody paper, not Koh-i-nor...)

Wed, 12/21/2011 - 06:18 | Link to Comment Harlequin001
Harlequin001's picture

Non resident trustees are not the subject of SAR's, and if they ever were they would simply show the good old US the good old middle finger. You don't need to go to Mongolia to achieve that.

Of course, domestic trustees have no choice but to comply...

Tue, 12/20/2011 - 20:36 | Link to Comment Ag1761
Ag1761's picture

These are mostly folks who deal with other people and are in the know– the bartender in Beirut, the luxury car dealer in Bogota, the money changer in Riyadh, the hotel manager in Shanghai, 

Dont forget to mention the trolls on ZH

Tue, 12/20/2011 - 21:26 | Link to Comment CORNGUY
CORNGUY's picture

Yup.   I bet they have a spy on ZH right now.  

Wed, 12/21/2011 - 03:04 | Link to Comment Non Passaran
Non Passaran's picture

More than one - you've earned 6 votes UP so far

Tue, 12/20/2011 - 20:37 | Link to Comment Lost Wages
Lost Wages's picture

Mongolian bank accounts and anonymous overseas vaults? Sounds safe.

Tue, 12/20/2011 - 21:11 | Link to Comment gorillaonyourback
gorillaonyourback's picture

safe is a matter of perspective,,,,,, i would most likely figure digging a hole is just as good like my grandpa once did

Tue, 12/20/2011 - 20:38 | Link to Comment Hmm...
Hmm...'s picture

Mongolian bank account yielding 14%?
Money for nothing... And chicks for free I guess.
Let me know how that "de-risking" strategy works for you.

Tue, 12/20/2011 - 21:06 | Link to Comment Market Efficien...
Market Efficiency Romantic's picture

Mongolia has been the recent in-place of financial innovation and capital mobility. The equity markets rallied, because capital inflows were promoted big time and then occurred big time, just the typical asset inflation effect. I recently noticed, two of the most successful hedge funds of 2011 so far, are heavily invested in Mongolia. But watch out, it reminds me of the 90s, when banks and hedge funds moved into south east asia, when a crisis loomed, they pulled the money thanks to an IMF credit to the countries. Foreigner bank accounts and private investments were left being worth pennies on the dollar. Usually, such soon-to-be-hoped-emerging economies are the first to falter, when world GDP growth stalls. Capital outflows (by the big guys) immediately kill the real economy and only leave chaos and not so friendly official handling of foreign capital remaining in the country.

There is no free lunch. You get 14% on the account, but once it explodes, 90% of your deposits (I perfer to call it capital flow investments) vanish. I like the idea, though, and would much prefer, creating a deposit account in a demand-driven, balanced economy such as Sweden or Norway. Due to a capital flight in full motion, exchange rates have escalated vastly already, though. Alternatively, look at some South American countries, low debt to GDP, resource-rich and demand-driven, those should be key criteria.

Tue, 12/20/2011 - 21:34 | Link to Comment Buckaroo Banzai
Buckaroo Banzai's picture

The world financial system is one giant fucking ponzi jail. No place to hide. Only solution is to buy gold and silver and exit the system.

Tue, 12/20/2011 - 21:42 | Link to Comment Market Efficien...
Market Efficiency Romantic's picture

I believe the only assets for the true crisis will be stress-resistand and long-built social realtionships and a real-economy, not too specialied capability. No PM in the world will buy you varying scarce resources, if those PM are ever delivered.

Anyways, agreed, regarding the existing financial assets, PMs will probably be the last asset standing, increasingly accumulating value from asset holders fleeing from the dropping dominos.

Wed, 12/21/2011 - 01:27 | Link to Comment Antifaschistische
Antifaschistische's picture

Remember, this is not the only solution Buckaroo Banzai.

Use cash only.  Shop at owner operated businesses only.

 

Wed, 12/21/2011 - 11:12 | Link to Comment Odin
Odin's picture

Imagine people en masse started to withdrawal their money from banks in order to buy and hold precious metals, how quickly that would tear them down... It's no wonder they are terrified of Gold... I say, make them try to outlaw Gold again, it will expose them... This isn't 1933, we are more educated and informed, and they know it... Take your information war and shove it up your fat ass Hilary; if this is a war, you’re outnumbered…

Wed, 12/21/2011 - 00:34 | Link to Comment XitSam
XitSam's picture

"Mongolia has been the recent in-place of financial innovation ..."

Financial innovation. Where have I heard those words before? 

http://www.federalreserve.gov/newsevents/speech/bernanke20090417a.htm

Tue, 12/20/2011 - 23:36 | Link to Comment High Plains Drifter
High Plains Drifter's picture

that is like some old lady telling me a few years ago that her broker got her into bonds paying 8 percent.  i said oh really says  i.........

well , if it sounds too good..............  14 percent?  ..........ha ha 

Tue, 12/20/2011 - 23:59 | Link to Comment Urban Roman
Urban Roman's picture

What are Greek bonds up to again? 80% or something?

Tue, 12/20/2011 - 20:47 | Link to Comment Ignorance is bliss
Ignorance is bliss's picture

Welcome to 1984 Bitchez !!! Don't let the door hit your ass on the way in...

Tue, 12/20/2011 - 21:25 | Link to Comment Market Efficien...
Market Efficiency Romantic's picture

Exactly, and noone realizes. That's the last piece of the the puzzle:

1) JPM and vassals creating intoxicating financial innovation of behalf of elitist ideology, not even for pure profits sake

2) Officials of any public entity across the globe get bribed if not stupid enough to use these tools to increase debt beyond sustainability of the entity and know it to be hidden thanks to the complexity and asynchronity of the financial innovation design.

3) Use the (however created) fear to silently impose intelligence on society and on the way take away any civil right

4) Prick one or two major bubbles to increase awareness in society

5) Create dumb and unconstructive (no goal) uprisings to signal the remainder of society that there is no way out

6) Control the public (slaves) using the imposed tools to behave, finance the secret order by paying their dues to their respective public entity

7) Equilibrium reached! 

 

You doubt it? I got convinced when I realized that JPM was a tool, as it would for no other reason create something, sell something and control something, that destabilizes it own environment towards self-exstinction.

Tue, 12/20/2011 - 20:50 | Link to Comment Gromit
Gromit's picture

Nothing wrong with saving abroad in a foreign currency. Believe it or not, there are countries with current account surpluse, low debt, inflation and positive interest rates.

Maybe Mongolia is one of them.

 

Tue, 12/20/2011 - 22:39 | Link to Comment itchy166
itchy166's picture

Mongolian people are probably freer than Americans too.  Just be careful, the US might not let you out to go get your cash...

Wed, 12/21/2011 - 00:16 | Link to Comment GoodMorningMr.V...
GoodMorningMr.VanRumpoy...'s picture

They are. But as things unravel in  America, the U.S. is going to blow those countries to shit, or send the CIA in to start Arab Springs to destabilizes them and rapes their women and takes their resources. The U.S. has become a country run by predators.They don't know how to produce real wealth anymore.

 

So that's how it works to keep the music going a day longer. And then you hear the talking heads say investors have no place to go so they will go to U.S. treasuries.  They should be going to gold. But they are well trained not to think.

Tue, 12/20/2011 - 20:50 | Link to Comment A Lunatic
A Lunatic's picture

Only a Terrorist would find this news to be disturbing.

Tue, 12/20/2011 - 21:17 | Link to Comment sitenine
sitenine's picture

That's a moronic cop out, and you KNOW it!  Fear is the mind killer, and you are quite obviously brain dead.  No, it is not OK with me that we shred the constitutional rights of anyone we might decide is a "threat."  That goes against everything you were taught about right and wrong in a Country that used to provide you with the right of defending yourself against allegations of wrong doing.

Tue, 12/20/2011 - 21:37 | Link to Comment gmrpeabody
gmrpeabody's picture

Hmmm..., issues with anger management and resentment of law enforcement. What to do... what to do...

;-)

Tue, 12/20/2011 - 21:44 | Link to Comment A Lunatic
A Lunatic's picture

FRN's do not belong to you, they are United States Government property; and as such the Govt has every right to track them and decide where, how and when you will spend them. You don't have anything to hide do you?

Tue, 12/20/2011 - 22:37 | Link to Comment sitenine
sitenine's picture

Having anything to hide is not the point...  I'm done here, as I refuse to argue with you.  Believe what you will, as that too is your constitutional right.

Tue, 12/20/2011 - 23:00 | Link to Comment A Lunatic
A Lunatic's picture

I'm only sarc-ing. You are correct of course, kudos for not taking the bait.

Tue, 12/20/2011 - 22:43 | Link to Comment itchy166
itchy166's picture

The US was taken over decades ago, the constitution has been ignored since before you were born.  The effects are just starting to be felt now that is all.  You have the right to consume - that is all.  

Tue, 12/20/2011 - 20:52 | Link to Comment seek
seek's picture

And if you want even more financial privacy, I’d strongly recommend holding precious metals in an anonymous overseas vault.

Erm, no thank you. As soon as Comrade Thieves decides there's no "named owner," it's open season on that vault. Physical possession means physical possession, got it?

While Simon might recommend this, my recommendation is that if you want real financial privacy, put your physical PM into a ABS plastic drain pipe with a couple end caps on it, bury it deep, and shut the fuck up.

Tue, 12/20/2011 - 21:17 | Link to Comment economics1996
economics1996's picture

Yep.

Tue, 12/20/2011 - 21:22 | Link to Comment pods
pods's picture

But that isn't sexy.  You have to be able to tell people you are going to Zurich because of some pressing business.

Too easy to put $500k in krugs by your dead cat next to the garage.

pods

Tue, 12/20/2011 - 23:05 | Link to Comment smiler03
smiler03's picture

@ seek

+ 1 for you but I have to use Internet Explorer to do it.

Google Chrome won't let you vote for a post if it starts with italics.

Wed, 12/21/2011 - 00:40 | Link to Comment XitSam
XitSam's picture

I thought it was starting with a block quote, but you're right.  Tyler, this needs fixed.

This post is in italics as a test.

Wed, 12/21/2011 - 00:54 | Link to Comment Don Smith
Don Smith's picture

Either Tyler fixed it this fast, or you're incorrect. I upvoted for this in Chrome.

Wed, 12/21/2011 - 02:09 | Link to Comment seek
seek's picture

Looks like it's block quote, I have the same issue with firefox. Makes mental note to not do block quotes.

Wed, 12/21/2011 - 08:42 | Link to Comment XitSam
XitSam's picture

My testing shows that it is not fixed as of now.  Problem exists in my current version of Safari and and old Firefox. Old version of Opera does not have the problem. 

Tue, 12/20/2011 - 20:53 | Link to Comment bank guy in Brussels
bank guy in Brussels's picture

Somehow I think of the scene with Johnny Depp in 'Blow' where he goes to his 'safe' bank in Panama and finds all his deposits have been confiscated by the gubmint there.

Tue, 12/20/2011 - 21:00 | Link to Comment swani
swani's picture

I am seriously wanting to move off the planet.

Tue, 12/20/2011 - 21:11 | Link to Comment youLilQuantFuker
youLilQuantFuker's picture

Face it you're a slave.

.gov has you under their thumb and .il has .gov under their thumb.

Fall in line slave! Lose this illusion of ownership of assets already. You will never.

Wed, 12/21/2011 - 00:22 | Link to Comment CH1
CH1's picture

Yeah, right.

Just drop out of their game and start living like an immigrant. Millions do it.

Tue, 12/20/2011 - 21:48 | Link to Comment I did it by Occident
I did it by Occident's picture

where can we get title to a few acres on Mars? That woudl be awesome!

Wed, 12/21/2011 - 00:03 | Link to Comment Urban Roman
Urban Roman's picture

What's your address, I'll send you one. It'll be almost as good as a title to anything here in Earth.

Wed, 12/21/2011 - 16:27 | Link to Comment Raging Debate
Raging Debate's picture

Hey Urban - We laugh because it is funny and we laugh because it is true. And it is either maniacle laughter at the Circus or endless tears :)

The spooks current main focus online is political smearing so all citizens are criminals to be robbed, er I mean fined. Anybody that could change things or had a come to Jesus moment and now tries reform is now a terrorist. It is as simple as that so one must determine what level of risk one will take on in to restructure our country. These are the days that if your decision is to live by the sword, then fully expect that your fate will be dying by the sword.

Think of reform effort risks on a scale of 1-10 with a 1 being verbal dissent. Your risks are more short jail sentences even though you could be detained indefinately. Perhaps in a couple years ZH would be a 5 on the risk scale. That might mean political exile for the management of ZH, perhaps being thrown in a dark hole and forced labor for three or four years or basically until all hostilities die down. I put my activities in that camp and my activities are for loss management for ALL. I will still pay the price for the robbers. Forgive them Father for they know what they do.

Actually, having sociopathic behavior with no empathy as our global leader are showing is a genetic curse, as bad as perhaps a physical malady such as Diabetes. There seems to be two kinds of personalities in these 40 year cycles which I dub the 'The cycle of the robber' and 'the cycle of the producer. Each cycle is 40 years. Add the two together and you get one lifetime. So in a society, if you lived 80 years half your life will be producing in a conduscive environment for such, surrounded by leadership that HAD TO LEARN THE HARD WAY and act accountable. It is the robbers that spur evolution. Pain is the catalyst of evolution and boy do the robbers cause plenty in spurring it forward.

Central Banking fashions its model around the shelf life of a human. It is 40 years up (1931 to 1971) and 40 years run down. Turly mentions 40 years cycles of privacy, surveillance, oppression or 40 years lack improvement. 

The job of the spook at this time is to discourage forgiveness of any political opponent attempting to clean up their act (as near all politicians have skeletons) and smear them. Trying to clean up your act and actually represent the American people?!? Nope! I saw this here yesterday with the Porter Stansberry article. I talked to the guy in 2008. He was a total, blustering prick. He has renounced his prior behavior, taken accountability and will now fight for justice. I believe him. A guy named Mark Perry was like him too and did the same thing. The spooks pointed out his conviction. Yeah he was a pirate, no different than Bush, Clinton or Obama though. Let me ask you something. If Jamie Dimon came out and renounced his own behavior, the behavior of the banking industry, said he was stepping down and was reinvesting half of his fortune back into a reformed market would you forgive him? It is a hypothetical question to get you to think about what you really want as a result of your reform efforts. Did you know the word repent was a basic call and meant back then as 'change course'?

What do you a call a man holding you up at gunpoint? The citizenship are connecting  the dots now on the governance model of the globe and realize they are not invited to the party. They never really were it just it is that they are now becoming aware of it for the first time in history. This time was different in connecting dots so rapidly for those early seekers where some conclude losses of another world war can be minimized to some degree.

If I can keep ONE CIVILIAN alive anywhere on earth it is enough for me and whatever effort put into it. Now when 20% of the global population in any respective nation feels the same we will break free of the prison-planet system. But 1/3 of us probably do not survive. Such is the way of evolution. If a river damn breaks and out of 1,000 townspeople 300 die, the town will carry on. Such will be the bitter-sweet journey we all are on. Because we are entering the Promised Land, immortality, the Singularity. It is science and no longer religious myth (the myth coming from our DNA what our evolutionary destiny is). I was blubbering about those Kazahks that were murdered yesterday. Ten years ago I would likely felt they had what was coming to them because they could have just shedup and walked off the job. The reality is globally, people cannot afford to live and now have little to no shot at the opportunity to benefit so extended time of this being so causes a rarely understood pyschology of citizenships self-destructing their own supply chains. So those that actually carry this out will get the death sentence under NDAA, that 10 out of a scale of 1 to 10 I mentioned earlier.

May God bless you all, even those with the sociopath gene of all nations. Perhaps I understand because I was once like this but I would die for any one of you of any color, any race and not hesitate. After this nasty hedging period till 2021, it might behoove an individual to learn to practice forgiveness.

Wed, 12/21/2011 - 16:28 | Link to Comment Raging Debate
Raging Debate's picture

Hey Urban - We laugh because it is funny and we laugh because it is true. And it is either maniacle laughter at the Circus or endless tears :)

The spooks current main focus online is political smearing so all citizens are criminals to be robbed, er I mean fined. Anybody that could change things or had a come to Jesus moment and now tries reform is now a terrorist. It is as simple as that so one must determine what level of risk one will take on in to restructure our country. These are the days that if your decision is to live by the sword, then fully expect that your fate will be dying by the sword.

Think of reform effort risks on a scale of 1-10 with a 1 being verbal dissent. Your risks are more short jail sentences even though you could be detained indefinately. Perhaps in a couple years ZH would be a 5 on the risk scale. That might mean political exile for the management of ZH, perhaps being thrown in a dark hole and forced labor for three or four years or basically until all hostilities die down. I put my activities in that camp and my activities are for loss management for ALL. I will still pay the price for the robbers. Forgive them Father for they know what they do.

Actually, having sociopathic behavior with no empathy as our global leader are showing is a genetic curse, as bad as perhaps a physical malady such as Diabetes. There seems to be two kinds of personalities in these 40 year cycles which I dub the 'The cycle of the robber' and 'the cycle of the producer. Each cycle is 40 years. Add the two together and you get one lifetime. So in a society, if you lived 80 years half your life will be producing in a conduscive environment for such, surrounded by leadership that HAD TO LEARN THE HARD WAY and act accountable. It is the robbers that spur evolution. Pain is the catalyst of evolution and boy do the robbers cause plenty in spurring it forward.

Central Banking fashions its model around the shelf life of a human. It is 40 years up (1931 to 1971) and 40 years run down. Turly mentions 40 years cycles of privacy, surveillance, oppression or 40 years lack improvement. 

The job of the spook at this time is to discourage forgiveness of any political opponent attempting to clean up their act (as near all politicians have skeletons) and smear them. Trying to clean up your act and actually represent the American people?!? Nope! I saw this here yesterday with the Porter Stansberry article. I talked to the guy in 2008. He was a total, blustering prick. He has renounced his prior behavior, taken accountability and will now fight for justice. I believe him. A guy named Mark Perry was like him too and did the same thing. The spooks pointed out his conviction. Yeah he was a pirate, no different than Bush, Clinton or Obama though. Let me ask you something. If Jamie Dimon came out and renounced his own behavior, the behavior of the banking industry, said he was stepping down and was reinvesting half of his fortune back into a reformed market would you forgive him? It is a hypothetical question to get you to think about what you really want as a result of your reform efforts. Did you know the word repent was a basic call and meant back then as 'change course'?

What do you a call a man holding you up at gunpoint? The citizenship are connecting  the dots now on the governance model of the globe and realize they are not invited to the party. They never really were it just it is that they are now becoming aware of it for the first time in history. This time was different in connecting dots so rapidly for those early seekers where some conclude losses of another world war can be minimized to some degree.

If I can keep ONE CIVILIAN alive anywhere on earth it is enough for me and whatever effort put into it. Now when 20% of the global population in any respective nation feels the same we will break free of the prison-planet system. But 1/3 of us probably do not survive. Such is the way of evolution. If a river damn breaks and out of 1,000 townspeople 300 die, the town will carry on. Such will be the bitter-sweet journey we all are on. Because we are entering the Promised Land, immortality, the Singularity. It is science and no longer religious myth (the myth coming from our DNA what our evolutionary destiny is). I was blubbering about those Kazahks that were murdered yesterday. Ten years ago I would likely felt they had what was coming to them because they could have just shedup and walked off the job. The reality is globally, people cannot afford to live and now have little to no shot at the opportunity to benefit so extended time of this being so causes a rarely understood pyschology of citizenships self-destructing their own supply chains. So those that actually carry this out will get the death sentence under NDAA, that 10 out of a scale of 1 to 10 I mentioned earlier.

May God bless you all, even those with the sociopath gene of all nations. Perhaps I understand because I was once like this but I would die for any one of you of any color, any race and not hesitate. After this nasty hedging period till 2021, it might behoove an individual to learn to practice forgiveness.

Wed, 12/21/2011 - 00:07 | Link to Comment merizobeach
merizobeach's picture

I think there a desk at Goldman that will sell it to you.  If you're quick, they'll let you frontrun their Martian Real Estate IPO.  Or the Moon, or even Venus; they've got lots of new 'investment opportunities' coming pwn the (crack) pipe.

Tue, 12/20/2011 - 21:05 | Link to Comment fuu
fuu's picture

Did anyone manage to find a good synthetic long on Yaks?

Tue, 12/20/2011 - 23:33 | Link to Comment UP Forester
UP Forester's picture

Just wait til they start drawing eyes Great Wall blocks and selling them as pets....

Tue, 12/20/2011 - 21:10 | Link to Comment Caviar Emptor
Caviar Emptor's picture

No need for old fashioned spooks anymore. They watch you through your iPad. Or your PC. Also on the street and in your car. And it's not just .gov you should be worried about. They already anticipate your next mouse click and they got a hand in your pocket. Like being able to read your cards at poker and taking candy from a baby.  

Tue, 12/20/2011 - 21:14 | Link to Comment dumpster
dumpster's picture

put gold in overseas vault

new program on discovery channel

vault opening in overseas vaults for auction

owner stuck in usa .. with no means to communicate

vault has open season ..

so a person just troops around the world to carry his gold some place else

just grab a pass port .. go into canada ,, lot closer and less likely to be a problem .

if your worried by the canadian coin  , they all speak a form of english

 

Tue, 12/20/2011 - 21:19 | Link to Comment dumpster
dumpster's picture

if you think gold will be a hard exchange instrument

try buying grocerys with the mongolian baht or what ever its called

probably many colored large foldable paper .

the feds are watching this transfer of money closely

 

the only money they have lost track of is corizens flip and switch

Tue, 12/20/2011 - 21:23 | Link to Comment Caviar Emptor
Caviar Emptor's picture


Taibbi comes out swinging:

The problem with companies like Lehman and Enron is that their executives always think they can paper over illegalities by committing more crimes, when in fact all they’re usually doing is snowballing the problem so completely out of control that there’s no longer any chance of fixing things, thereby killing the only chance for survival they ever had.

This is exactly what Obama and Geithner are doing now. By continually lying about the extent of the country’s corruption problems, they’re adding fraud to fraud and raising such a great bonfire of lies that they probably won’t ever be able to fix the underlying mess.

 

 http://www.rollingstone.com/politics/blogs/taibblog/obama-and-geithner-government-enron-style-20111220#ixzz1h7zo7kEr

Tue, 12/20/2011 - 21:34 | Link to Comment Market Efficien...
Market Efficiency Romantic's picture

I call it the double-or-no responsibility scheme. The person legally responsible does not have to know, even if, has any action approved by a general council, who is technically responsible for the technical legalty of the action, but not for taking the action. That way, noone with a dumb or even fradulent stragic move may ever be held responsible for it before the law. For taxpayers and the public, it is always to late to use their right to elect someone else at the top.

Nice regulation!

Tue, 12/20/2011 - 21:39 | Link to Comment Caviar Emptor
Caviar Emptor's picture

At which fine line does "looking the other way for the good of the economy" become collusion and conspiracy? 

Tue, 12/20/2011 - 21:50 | Link to Comment Market Efficien...
Market Efficiency Romantic's picture

Right, by now, I distrust any absolutist, totalitarian argument such as "for the good of the economy" or for "national security" reasons. By nature, not measurable and hence, not to be proven false. So, these arguments entitle power to do anything. To me, action should avoid such totalitarian justification arguments, in order to signal utilty of the action and avoid ideological or plain self-serving action.

That principle is a matter of culture, though.

Wed, 12/21/2011 - 17:49 | Link to Comment Raging Debate
Raging Debate's picture

Market Efficien - People only do things for two reason:

1) Opportunity to benefit

2) Fear of loss

 Now just add in 'Qui Bono' for any individual attempting to identify violent government intent and that wishes to hedge against such violence accordingly. I do believed armed robbery is a Felony and is classified as violent crime. Like a bank robber, he/she may just shoot the whimpering guard in the face on the way out the door. To guarantee getaway. I have learned there are no guarantees in life.

Tue, 12/20/2011 - 21:31 | Link to Comment I did it by Occident
I did it by Occident's picture

oh, and don't forget about the national security letters (NSL), http://en.wikipedia.org/wiki/National_Security_Letter

basically like the SAR but a subpeona without probable cause or a judicial oversight. 

Tue, 12/20/2011 - 21:41 | Link to Comment I did it by Occident
I did it by Occident's picture

http://en.wikipedia.org/wiki/Informal_value_transfer_system

might be good to learn about this in the future...

i think i would be "investing" in a wide range of alcoholic beverages, I believe vodka acted much like a currency when the soviet union collapsed.

Tue, 12/20/2011 - 23:13 | Link to Comment topcallingtroll
topcallingtroll's picture

You are right.
In a crises alcohol and cigs trade at full value or higher.
Gold always trades at a discount. The more severe the crises the greater the discount for gold and premium for liquor and cigs.

The ideal strategy is to stock up on alcohol and then during a seige trade for gold and jewelry. If you survive the seige you will be rich.

shtfschool.com

A bosnian survives unprepared for a year in a city not only under seige but under gang attacks behind the front lines from feral teens and young adults.

Tue, 12/20/2011 - 23:15 | Link to Comment topcallingtroll
topcallingtroll's picture

Seige - siege....wgas

Wed, 12/21/2011 - 03:35 | Link to Comment Sedaeng
Sedaeng's picture

thanks for that link top... good info to be had

Wed, 12/21/2011 - 06:38 | Link to Comment OliverTwist
OliverTwist's picture

Good link! Thank you Topcallingtroll!

Tue, 12/20/2011 - 22:00 | Link to Comment linrom
linrom's picture

Who needs spies when you got Google and Facebook? Hey Sovereign Man, did you google that bank in Mongolia? How about private vault/safe companies?

Tue, 12/20/2011 - 22:08 | Link to Comment Money 4 Nothing
Money 4 Nothing's picture

Never forget rule #1, because snitches get stitches.

Tue, 12/20/2011 - 22:16 | Link to Comment navy62802
navy62802's picture

Sounds very much like the Total Information Awareness program which was ostensibly killed in 2003 for fear that the program could or would be used to gather blanket information on US citizens.

http://en.wikipedia.org/wiki/Total_information_awareness

Tue, 12/20/2011 - 22:33 | Link to Comment Straw Dog
Straw Dog's picture

Government spies are everywhere - they're in your home and hair
Larking in their secret lair counting dollars
Government spies will come to you - there's nothing you can do
Except to sit there 'til they're through with their spying
They know everyone you know, see everything you show,
everywhere you go, they slowly follow

chorus:
They count up all your cash
They will go through your trash
They consficate your stash and leave you crying

Government spies are everywhere - they're in your home and hair
Larking in their secret lair ccounting dollars
Secret sources pay the tag, they pay them by the bag
It's enough to make an old man gag, or scream
They know everyone you know, see everything you show,
everywhere you go, they slowly follow

(chorus)

They know everyone you know, see everything you show,
everywhere you go, they slowly follow

-Fabulous Furry Freak brothers- 1973

Gilbert Shelton

 

Tue, 12/20/2011 - 22:45 | Link to Comment cleverlemming
cleverlemming's picture

Well, I'm putting my money in a plastic drain pipe and then I'm going to bury it in Mongolia. I'll just tell the TSA I'm a irrigator.

Tue, 12/20/2011 - 22:59 | Link to Comment blindman
Tue, 12/20/2011 - 23:05 | Link to Comment smiler03
smiler03's picture

Google Chrome won't let you vote for a post if it starts with italics.

Wed, 12/21/2011 - 02:17 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

I'm on Chrome.  You got a green.  Aboce comment by seek did not, I do not know why.

Tue, 12/20/2011 - 23:06 | Link to Comment topcallingtroll
topcallingtroll's picture

A foreign bank account will not help you much unless you leave the country.

If you have a fine or civil judgment against you then the judge can hold you in jail for contempt until you repatriate the money and pay up.

A foreign account may protect you from forced currency conversions and may slow down attempts at collections to give you some time to plot out your strategy.

Tue, 12/20/2011 - 23:16 | Link to Comment CapitalistRock
CapitalistRock's picture

The problems are well stated but the solution is NOT to transfer your money to foreign bank accounts. I'm certain that is the first and most obvious indication of someone who needs thorough auditing. And I do believe when the SHTF with sovereign debts that international travel will be even more difficult than it is now. Not to mention expensive.

This isn't rocket science. Own hard assets. Gold, silver, real estate, and even a small amount of paper assets like stocks. If you are more paranoid than most (we all are if we are reading ZH) then own more gold and silver and bury it under 10 feet of mud at the bottom of a lake.

Only 1 in 500 Americans own even a single ounce of gold. The government really does not take private ownership of gold seriously. It's such a tiny slice of assets in private hands in this country. No one cares. Gold bugs are laughed at. Lucky us.

Tue, 12/20/2011 - 23:25 | Link to Comment Atomizer
Atomizer's picture

Monday: Came home for lunch as always. One of the GF friends are over. She is always watching MTV, but works around the house and earns money. After about 3 months, when I arrive home from work for lunch. She switches to my business channel without being told. Being only 19, she has been asking a lot of questions. I give her honest answers.

Going back to Monday of this week. I almost choked on my fork. She exclaims, 'the recession isn't over, why do these idiots on TV lie.'

My reply, 'my dear they are no different than the cheerleader you had during high school.'

Tue, 12/20/2011 - 23:40 | Link to Comment High Plains Drifter
High Plains Drifter's picture

http://www.mongolia-properties.com/about-mongolia/practical-information/opening-a-bank-account-in-mongolia

 

opening a bank account in mongolia..........so the notary charges 1500 tugrug..............hmmm............

Tue, 12/20/2011 - 23:43 | Link to Comment High Plains Drifter
High Plains Drifter's picture

are the mongolian chicks kind of hot?   just sayin...........

Wed, 12/21/2011 - 01:21 | Link to Comment monclerchic
monclerchic's picture

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Wed, 12/21/2011 - 03:18 | Link to Comment Canaduh
Canaduh's picture

Moncler??????????????????????????????

Wed, 12/21/2011 - 02:05 | Link to Comment Yen Cross
Yen Cross's picture

 Banks do pay spies. Back in the 90's I dated a girl that spied for the " Bad Guys".   TRUTH!

Wed, 12/21/2011 - 02:48 | Link to Comment Yen Cross
Yen Cross's picture

 Thanks for the JUNK! Let's look @ those inverted ponzi curves. Ehh?  I'll gladly pay you for a "Whimpy Burger " , on Tuesday.

    I'll bet TPTB are just riding those stops.?  M/E sovereigns unloading crude revenue, and S/E Asia flexing it's muscle in light markets.

Wed, 12/21/2011 - 03:57 | Link to Comment lolmao500
lolmao500's picture

Grab your ankles people :

http://www.haaretz.com/misc/breaking-news

U.S. Chief-of-Staff tells CNN U.S. preparing for attack on Iran (Ch. 10)

Wed, 12/21/2011 - 06:56 | Link to Comment cranky-old-geezer
cranky-old-geezer's picture

 

 

Kiss your ass goodbye people. 

Invading Iran will start WWIII.

Wed, 12/21/2011 - 12:35 | Link to Comment Raging Debate
Raging Debate's picture

My 2008 forecast for major ME military nuclear misadventure was Q2 of 2013. I still stand behind this forecast. I do realize no one person can forecast 100% of the details and the major macro theme of China becoming reserve peg hasn't changed. What has this got to do with Iran? The global reserve currency is also responsible for being the global policeman of trade. So that means changing security arrangements for zones where policing will happen. Iran looks to be the final responsibility for the American reserve currency police job before the changing of the reserve currency/policeman guards.

 I believe WW3 began against the United States by the financeers in the 1990's If I was a financeer with no national loyalty, I would want the last host nation to stay on the mat and not be able to compete with my new major investment for a long, long time. The domestic political cruelty is not accidental.

Wed, 12/21/2011 - 04:01 | Link to Comment NorthPole
NorthPole's picture

I was studying in the US (late 90's) and the first thing that surprised me about the place was that the largest bill in circulation was $20. I mean, you've got a $50 and a $100 bills, but people rarely - if ever - use them. And lots of shops outright reject anything larger than a $20.

The second thing that made me go 'hmm' was that everybody seemed to be talking of how I should 'establish good credit history'. It seemed like I should go to a bank and borrow money (even if I didn't need it) just so that in the future, when I might need , let's say, to buy a house, I'd have a 'good credit history'. Same thing with credit cards - everybody had 3 and was busy establishing the history.

How in the world someone who has been constantly borrowing money ( and ok, even giving it back in time ) is more trustworty than someone who has always been living within his means? Beats me.

Wed, 12/21/2011 - 05:01 | Link to Comment Sandmann
Sandmann's picture

The UK has RIPA and that forces encryption keys to be surrendered without notifying users. It also has lots of agencies working in areas of Shadow Law implemented by Secondary Legislation (Enabling Act). It has a plethora of so-called Money Laundering Directives from the EU which apply to anyone but the man turning up with a suitcase full of cash and an address in Colombia, he gets full private banking courtesies. There is also the £10,000 withdrawal being notifiable to SOCA but that does not seem to apply if you send a £20,000 Cheque with dodgy signature - that's seemingly kosher.

They are so obsessed with Control they fail to exercise any of the vast and expanding penumbra of illegality facilitated by expensive lawyers, accountants and bought politicians and regulators.

 

Wed, 12/21/2011 - 05:14 | Link to Comment Hobbleknee
Hobbleknee's picture

They don't use informants anymore. Everything everyone on earth says is recorded through cell phone back doors and the recordings are automatically processed with voice recognition software.

Wed, 12/21/2011 - 07:39 | Link to Comment vegas
vegas's picture

This is exactly what I have said here, on ZH, numerous times. Why the fuck would anybody in their right mind have anything to do with the US when it comes to finances? We have come to the point where I can garner no more sympathy for those that are trapped.

 

http://vegasxau.blogspot.com

Wed, 12/21/2011 - 08:27 | Link to Comment kralizec
kralizec's picture

There’s a little known division of the Treasury Department called the Financial Crimes Enforcement Network (FinCEN) whose mission is to “to enhance U.S. national security, deter and detect criminal activity, and safeguard financial systems from abuse by promoting transparency in the U.S. and international financial systems.”

And yet George Soros still roams feely about the planet!

FAIL!!!

Wed, 12/21/2011 - 09:07 | Link to Comment proLiberty
proLiberty's picture

Those who object to this outrage can conduct their own 'occupy' movement. 

Banks have set a lower SAR lmit than the regulations require so as to appear eager to please the regulators.  I once asked the snippy head of Customer Service at my bank what their SAR limit was.  Her answer was to say that she could not say.   I then asked if I cashed a check for $7,500 and as the teller was counting out the money, and without me even touching any of the FRNs in the pile, that I said I had changed my mind and wanted to deposit that money back into my account, would that deposit trigger a SAR.  She glared at me. 

So there you have it: National TRIGGER A SAR DAY. 

Occupy Plan for those who have the funds, it won't cost a penny (net):

1) accumulate between $7,500 to $10,000 in your checking account;

2) Take a guess at the banks own SAR limit.  (Maybe $7,500);

3) Cash a check for just above that limit;

4) Without touching the cash at the teller window, redeposit it, triggering the bank's SAR procedure.

5) Be happy knowing that this cost them money for their fawning complicity with the outrage of the Surveillance State.

 

Wed, 12/21/2011 - 13:48 | Link to Comment AchtungAffen
AchtungAffen's picture

The banking of society is something people kinda choose themselves. I live in a country where only 50% of the population is with a bank. Many people try to reduce their exposure to banks, because time and time again, whenever there's a crisis, the banks ended up fucking you.

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