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Bill Register Cash Not Kept Bank - New Bill To Track Money

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.

Dec 18, 20234546 Shares126266 Views
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,” ramp 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: civil asset forfeiture.
All of this is under the farcically broad umbrella of fighting terrorism. Civil forfeiture grants the government robbery writ large: your cash, property, and assets can be stolen completely sansdue process, and your guilt - frequently pertaining to drug ‘crimes’ - matters not.
A court verdict of not guilty doesn’t even guarantee the return of State-theft property. In fact, the government can seize virtually whatever it wants if it so much as suspects some of your assets might have been acquired through or used in the commission of even lesser crimes.
For some time, a war on cash has been brewing behind the closed doors of government, and - although officials prefer to claim counterfeiting, terrorism, and money laundering as the impetus for asset tracking.
In actuality, physical currency facilitates black market and untaxed transactions, and, most imperatively to the U.S., cannot be theft under civil asset forfeiture laws as easily as money exchanged digitally.
Characterized as an effort to “to improve the prohibitions on money laundering, and for other purposes,” the bill severely curtailsthe right to travel freely, without undue hindrance, as travelers with more than $10,000 in assets- including those held digitally, like Bitcoin - must file a report with the U.S. government.
Noncompliance with the tyrannical law including failing to fill out the aforementioned form would incur penalties befitting a fascist dictatorship: an individual could find the entirety of their assets seized, not just those unreported, and could be locked in a prison cage for up to ten years.
To be clear, the State wants to write a permission slip to seize all of your assets, and bank accounts, including, specifically, “safety deposit boxes,” prepaid cards, gift cards, prepaid phones, prepaid coupons, cryptocurrencies, all of it — even for being remiss in reporting what you’re traveling with.
Considering one’s digital assets veritably follow wherever that travel takes them, a cryptocurrency portfolio would theoretically have to be reported each time that person travels outside the confines of the U.S.
Of course, the legislation in actuality just amends laws pertaining to assets and travel already considered dictatorial right now, failure to fill out the form carries not just the penalty of seizure, but a sentence of up to five years behind bars.
And if that weren’t enough, this bill also gives them with new authority to engage in surveillance and wiretapping (including phone, email, etc.) if they have even a hint of suspicion that you might be transporting excess ‘monetary instruments.- Simon Black of
Usually wiretapping authority is reserved for major crimes like kidnapping, human trafficking, felony fraud, etc. Now we can add cash to that list.- Simon Black of
But it wouldn’t just be the government hawkishly surveilling your every transaction, as, essentially, all retailers would be roped into becoming State spies, any business selling gift or prepaid cards would be required to report those, too.
Worse and in defiance of current structures pertaining to digital currency the government wishesto somehow require issuers of cryptocurrencies into its abhorrent, ostensive money-laundering police spy ring.
The Secretary of Homeland Security and the Commissioner of U.S. Customs and Border Protection must, within 18 months of the legislation’s passage, devise a
“Border protection strategy to interdict and detect prepaid access devices, digital currencies, or other similar instruments, at border crossings and other ports of entry for the United States, including an assessment of infrastructure needed [emphasis added] to carry out the strategy. The obligation to declare amounts in any form over $10,000 exists, irrespective of whether custom officials have a way of detecting such holdings. Since digital currencies technically travel with the holder [wherever] the holder goes, one would have to declare one’s entire crypto portfolio each time the holder entered the U.S.”-
Travelers possessing assets, precious metals, and accounts in excess of $10,000 held outside the United States, however, would not be required to declare those to the government perhaps leaving an albeit sketchy option for those wary of unscrupulous authorities.
While the government insists ‘If you’ve got nothing to hide, you’ve got nothing to fear,’ the Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017 proves you might not be able to hide anything from its greedy clutches and if you try, you could wind up thrown in a cage for a decade, penniless upon release.
Welcome to America, where your assets are literally the government’s business, and freedom is anything but free.

People Also Ask

What Are The Responsibilities Of A Cashier?

A petty cashier might be given the task of writing the check to put money in the petty cash drawer and making the right entries in the books. The person in charge of the petty cash has to give out the cash and collect receipts for all purchases or other uses of the money.

How Much Cash Should I Keep In Register?

Depending on the business, the exact amount of cash you need to have on hand in the morning might be called "petty cash." $100 to $150 should be more than enough for a small business. A good rule of thumb is to have at least $20 in five-dollar bills and $20 in one-dollar bills.

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All cash should be kept in a safe. Even small amounts of money (called "petty cash") and the cash register drawers should always be locked and under a key.
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