Tuesday, March 31, 2015

It's NOT Your Money Peasant....





It's Not Your Money - Feds Put Currency Control In Place

This story has been floating around for a few days, now, but I don't see much coverage of it.  According to The Sovereign Man blog by Simon Black, the DOJ has instituted cash controls that require banks to notify them if anyone withdraws as little as $5000 cash in one transaction.

Assistant attorney general Leslie Caldwell gave a speech in which he urged banks to “alert law enforcement authorities about the problem” so that police can “seize the funds” or at least “initiate an investigation”.
As Black highlights, according to the handbook for the Federal Financial Institution Examination Council, such suspicious activity includes, “Transactions conducted or attempted by, at, or through the bank (or an affiliate) and aggregating $5,000 or more…”

Imagine going to your local bank to get some cash; for a specific purchase or just because you want to have some cash on hand.  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…
How do you know you live in a police state?  That's a pretty good working definition right there. 

 MORE AT SILICONGRAYBEARD 


for more information here are some additional links provided by blog buddy Leigh

 
http://www.thecommonsenseshow.com/2014/11/16/the-money-in-your-bank-account-was-stolen-this-morning/
http://www.examiner.com/article/bank-deposits-will-soon-no-longer-be-considered-money-but-paper-investments
http://www.economicpolicyjournal.com/2014/11/warning-bank-deposits-will-soon-no.html
http://investmentwatchblog.com/nov-16-2014-g20-to-implement-a-new-policy-that-makes-bank-deposits-on-par-with-paper-investments/

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