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 $10,000.
This brings to mind the FBI raid under former FBI Director Comey of a small Texan Conservative political gathering back in 2015. Agents confiscated electronics and forcibly fingerprinted all 60 people gathered at the meeting. Now let’s just suppose for a second that they found any evidence of unreported wealth during the raid. You better believe they’d have seized-up all the assets. This is a very real possibility unfolding before us right now since the Senate just passed this bill.
The government is even going to start throwing people in prison if they find out folks haven’t been reporting ALL of their assets. How long would you guess the minimum federal sentence would be for failing to report assets not held in a back? Here is a hint. It’s about double the average time handed for 1st-time rape offenders. Find out more about this freedom infringing bill and how it gives the government the right to start wiretapping private citizens on the next page.
Soon as they do .
Good bill!
What communist country is that?
I’ll get right on it
I’ll get right on that 😉
They can go F themselves! Just one more thing where they’re trying to control where they have no business going.
This will push gold price into the stratosphere. Gold can be buried “as is” anywhere, but cash must be sealed. Dumb$#%&!@*move.
Second problem is people will just spend ALL their cash. A one dollar bill could be exchanged for one ounce of silver in 1965. Today, about 22 Federal Reserve Notes to buy that ounce of silver. Today, a dollar saved is about 5 cents to spend later.
Is this even America anymore?
I admit I stash cash I have 8.47 in a jar
How about this government: you get a whiff of my stash and come looking for it and I’ll be more than happy to give you assholes a reason to give me a lengthy prison sentence??