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Monday, June 19, 2017

Now U.S. government threatens to take all your cash

New Senate bill empowers feds to seize everything you own

WASHINGTON –
In the name of fighting terrorism financing, a new U.S. Senate bill threatens to force private corporations to monitor your financial activity and empowers government to seize all your assets if you fail to comply with the new law.

Even failure to fill out one form is license for the federal government to take everything you have.

Sponsored by Sens. Chuck Grassley, R-Iowa, Dianne Feinstein, D-Calif., John Cornyn, R-Texas, and Sheldon Whitehouse, D-R.I., Senate Bill 1241, “Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017,” was introduced last month and represents what some financial experts say is a new assault on cash and digital currencies.

Proponents say it’s needed to fight criminal and terrorist money laundering efforts, yet the banking institutions that will be given orders to look for evidence are themselves the primary architects of the schemes that make this activity profitable on a massive scale.

“If the bill becomes law, Americans would be subject to a whole host of government intrusions. One little slip-up would open a Pandora’s box of governmental inquiry into your financial life,” says Peter Reagan, a financial-market strategist at Birch Gold Group. “For example, failing to complete a single reporting form would result in the government being granted abilities to freeze and seize not just a portion, but the entirety, of your assets. The bill even goes so far as to include the contents of safety-deposit boxes.”

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13 comments:

Anonymous said...

If you're not doing anything wrong . . .

Anonymous said...

Apparently you have NEVER dealt with the IRS

Anonymous said...

Yeah, right. How many times have LEO planted evidence or political scores been settled by using false accusations against people. The government can't take what they can't find. Alway have more than one safe and one that only you know about.

Anonymous said...

Show us how it works, and go after George Sero's first, Clinton Crime Family next!

Anonymous said...

I find it hard to believe this is a bi-partisan bill but then again they are politicians which is short for crook. They sure as hell ain't lookin out for the people.

Concerned Retiree said...

They have been doing this. This started when they started the inactive account seizure and penalty years ago. Obama, Pelosi, Schumer, Cummings and the Democrats has this provision in Obamacare. What is new? You will be given a debit card instead of money within 10 years and then you will be controlled totally.

wrench said...

And what happens to the one that " only you " know about if you suddenly ......let's say....die ??
Just asking...

Anonymous said...

Questioned last week on a 4000 cash deposit to the bank been going to for over 20 years and had to give ID.

Anonymous said...

Therein lies the problem doesn't it. I guess you could put the location of the cash in your will only to be read at the time of your........let's say....passing. Knowing my true love's luck the lawyer would be required to notify the Feds.

Anonymous said...

Its not about terrorism or launduring money. Its about keeping you poor in any way possible.

Anonymous said...

Revelation 13:17
“And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.”

Anonymous said...

We contend that for a nation to try to. tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle. Winston Churchill
In liberal logic, if life is unfair then the answer is to turn more tax money over to politicians, to spend in ways that will increase their chances of getting reelected. Thomas Showell
The hardest thing to understand in the world is the income tax. Albert Einstein

Anonymous said...

4:21 The government doesn't get it and if you are smart, you have left a message for a loved one or friend that can figure out it out. If you are dead, why worry about it? Someone will find it one day.