New U.S. Senate Bill Will Force US Citizens To Register Cash
A new senate bill is attempting to force US citizens to register their cash with the government, or face up to 10 years in prison.
The new bill is a blatant attempt to track people’s wealth, whether it be physical assets or digital currency – and will severely punish those who try to trade with other people outside of the system.
“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, ” 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: civil asset 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— matters not.
A court verdict of not guilty doesn’t even guarantee the return of State-thefted property.”
The US government already practices an unpredictable, thuggish and increasingly reckless form of theft known as asset forfeiture. In the past several years, the police’s practice of legal theft gained seemingly more bureaucratic immunity.
According to an article from the titled “Since 2007, the DEA has taken $3.2 billion in cash from people without charging them with a crime”:
takes billions of dollars in cash from people who are never charged with criminal activity, according to a report issued Wednesday by the Justice Department’s Inspector General.
Since 2007, the report found, the DEA has seized more than $4 billion in cash from people suspected of involvement with the drug trade. But 81 percent of those seizures, totaling $3.2 billion, were conducted administratively, meaning no civil or criminal charges were brought against the owners of the cash and no judicial review of the seizures ever occurred. cash wealth asset assets finance investment "bitcoin investment" bitcoin cryptocurrency track "physical assets" trade "stock market" system 2017 2018 money "home vault" "home security" secure security "trade bitcoin" "buy bitcoin" law lawyer usa america u.s. "united states" "digital currency" currency forex "forex trading" power control wallet "digital wallet" property "offshore banking" banking "bank account" savings "savings account" "gold account" "buy gold" entertainment That total does not include the dollar value of other seized assets, like cars, homes, electronics and clothing. digital nomad tax free
These seizures are all legal under the controversial practice of civil asset forfeiture, which allows authorities to take cash, contraband and property from people suspected of crime. But the practice does not require authorities to obtain a criminal conviction, and it allows departments to keep seized cash and property for themselves unless individuals successfully challenge the forfeiture in court.”
These days, it’s difficult to not get depressed about the ever encroaching trajectory of government control over our lives. Through empowering ourselves and exiting the system via lack of dependence on it we can help reverse this.
