A new bill passing through the U.S. Senate will allow the government to block citizens from buying or selling anything if they suspect unusual financial activity.
Under the guise of fighting terrorism financing, the new law will force private corporations to monitor every single U.S. citizens’ financial activity – and allows the government to seize a persons assets if they suspect that person of financial wrongdoing.
Wnd.com reports: Sponsored by Sens. Chuck Grassley, R-Iowa, Dianne Feinstein, D-Calif., John Cornyn, R-Texas, and Sheldon Whitehouse, D-R.I., Senate Bill 1241, “Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017,” was introduced last month and represents what some financial experts say is a new assault on cash and digital currencies.
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Proponents say it’s needed to fight criminal and terrorist money laundering efforts, yet the banking institutions that will be given orders to look for evidence are themselves the primary architects of the schemes that make this activity profitable on a massive scale.
“If the bill becomes law, Americans would be subject to a whole host of government intrusions. One little slip-up would open a Pandora’s box of governmental inquiry into your financial life,” says Peter Reagan, a financial-market strategist at Birch Gold Group. “For example, failing to complete a single reporting form would result in the government being granted abilities to freeze and seize not just a portion, but the entirety, of your assets. The bill even goes so far as to include the contents of safety-deposit boxes.”
As the bill stands today, precious-metals holdings are not covered under the required declarations. Most other ‘monetary instruments’ would be locked down tight.
“The war on cash and financial autonomy has been underway for some time,” says Reagan. “But this bill would solidify a serious loss of freedom we’ve been fearing for years.”
Because fighting “terrorism” is one of the purposes of the legislation, it allows any business with government ties to act as a de facto arm of the Department of Homeland Security to take your monetary assets, including Bitcoin and so-called “crypto-currencies.”
Claire Bernish, an independent investigative reporter, says the bill would impose “autocratic financial controls in an attempt to ensure none of your assets can escape one of the state’s most nefarious, despised powers: civil forfeiture.”
“Civil forfeiture grants the government robbery writ large: your cash, property, and assets can be stolen completely sans due process, your guilt – frequently pertaining to drug ‘crimes’ – matters not,” Bernish says. “A court verdict of not guilty doesn’t even guarantee the return of state-thefted property.”
She says the bill also severely curtails the right to travel freely with more than $10,000 in cash. To do so, a citizen will need to file a report with the U.S. government. Other assets that would be at risk for violations of the law include bank accounts, prepaid cards, gift cards, prepaid phones and prepaid coupons. Violators face prison terms of 10 years.
“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,’” reports Simon Black of SovereignMan.com. “Usually wiretapping authority is reserved for major crimes like kidnapping, human trafficking, felony fraud, etc. Now we can add cash to that list.”
Sean Adl-Tabatabai
Looks like time too leave this communist country!!! It truly is looking more and more like the old Soviet Union
Veterans like myself have fought and fought for freedoms only too have it curtailed by a bunch of greedy politicians who are out for themselves, and most importantly , dont give a sheet about the american people!! Folks i just want too remind people that the Colonial war in 1776 was fought because of a very small tax on Tea!, lol like 2 percent!, these days when u figure ur tax on food , water, tv, sewage, car, insurance, state , federal, local, prescriptions, hairspray, alcohol, cigarrettes, btw that is HUGELY taxed, cable, cell phones, etc, etc , etc,i could go on and on and on and on!!! The REAL question is this:: How much are you personally willing too put up with?! PPl of the USA, Canada, Mexico, Russia, etc, we are not the bad guys! The REAL bad guys are those in power, who perpertrate lies upon lies upon lies, and with each lie take away our RIGHTS! BTW before someone says omg!!, he is saying war!!, im not saying war, im saying justice! Through courts, through due process, through law! Noone should be above the law, yet here we go, the politicians passing laws once again too STRIP our God Given rights away again!!! Honestly if it dont change !!, Im leaving !!!!! Id rather be a citizen in some little 3rd world Government , and have my freedoms, than life in the old soviet republic!!! I spoke my piece, i am done , btw God has plans for these corrupt politicians, and it wont be nice!! GB 🙂
You mean the international war criminals, who have sent the US military to murder innocent children all over the world for profit, who take bribes to sell out Americans, don’t want to share the ill gotten gains?
Hey America wake the hell up and stop this utter madness,when are you guys gonna stand up for yourselves,i am ashamed of my heritage as an American
Agenda 21 working overtime, america is not a good place to be in the comming years
This IS INSANITY!
SCREW THAT. Stop the government from wasting money.
Giving Government the ability to seize your assits without due process of law… now what could possable go wrong. Hint.. look at the Reiko ‘law’ seizures of little old ladies retirement funds, Buisness start up cash, even payrolls for those that dont use banks. Its quite a racket and completely unconstitutional.