A new Senate bill will start forcing citizens to report cash and other assets not held in banks. This bill is stated to combat terrorism and money laundering. But is it? It seems to most like just another government attempt to steal assets and raise revenue for social programs as this bill will give the government the authority to track assets and seize them should an individual fail to report independently held assets exceeding $10,000.
This brings to mind the FBI raid under former FBI Director Comey of a small Texan Conservative political gathering back in 2015. Agents confiscated electronics and forcibly fingerprinted all 60 people gathered at the meeting. Now let’s just suppose for a second that they found any evidence of unreported wealth during the raid. You better believe they’d have seized-up all the assets. This is a very real possibility unfolding before us right now since the Senate just passed this bill.
The government is even going to start throwing people in prison if they find out folks haven’t been reporting ALL of their assets. How long would you guess the minimum federal sentence would be for failing to report assets not held in a back? Here is a hint. It’s about double the average time handed for 1st-time rape offenders. Find out more about this freedom infringing bill and how it gives the government the right to start wiretapping private citizens on the next page.
Until it is passed by both houses of Congress, it is not a law. What has the House done about it. Start contacting your Representative about this proposal.
Law enforcement will be giddy to enforce this one
B******t!
Over my dead body
You first!
#DON’T #TELL THEM #ANYTHING, OR THEY’LL #OWN YOU!!!
cash is still king. Scottie is not wrong. Having a few hundred in cash, stashed about isn’t a bad idea. in the onset of an initial crash, it will save you from having to use precious metals early on.
Right on
Also, even in a small disruption, that cash can help you get through… point being, if EFT is offline, cash will be handy.
Article contradicts itself. First says it’s for “traveling “with over 10k then later says all assets not in banks.