The Senate just passed a new bill forcing citizens to report all cash or other assets not held in banks.
A new bill seeks to track your money and assets incessantly, will enjoin any business with government ties to act as a de facto arm of DHS, and would steal all of your assets — including Bitcoin and other cryptocurrencies — should you fail to report funds when traveling with over $10,000.
Under the guise of combating money laundering, Senate Bill 1241, “Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017,” ramps up regulation of digital currency and other autocratic financial controls in an attempt to ensure none of your assets can escape one of the State’s most nefarious, despised powers:
The government has been trying to wage a war on cash and other privately held assets now for quite some time. They want to track citizens assets. Claiming it’s needed to combat terrorism, counterfeiting and money laundering is just how they trick citizens into giving up their freedoms without a fight.
The penalties for noncompliance are so stiff, it makes one wonder if this is not the main objective.
On the next page, find out how the bill allows the government to take everything you own for simply forgetting to fill out a form!
Without a Senate Bill # and text from the bill itself, I call b******t. This is the same c**p the left pulls–you never see what the bill actually says–you have to trust them to give you an honest account of what’s really in it. Sorry–been there, seen that.
You are damn right Ray, this is a Communist move.
If this happens this country is turning to A Communist country Something has got to happen to stop this stuff from going on We need our country back
Someone REALLY needs to proof read before sending out their columns.
Love of money is the root of all evil and this proves it again. This kind of thinking is akin to the twisted logic of slave days in the US when it was explained to slaves that running away was stealing their master’s property and therefore immoral. How’s that go down when you swallow? Wonder what they’ll come up with next?
None of their business. As long as I pay my taxes and dont fo anything illegal.
If I had any to stash, I absolutely would not tell the government. Communism anyone?