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!