June 4, 2018 at 1:59 pm #70001
If anyone thinks the U.S. isn’t working extremely closely with other countries to eliminate the use of banking in other countries for privacy and/or safety reasons, that person has been living under a rock in a remote desert for years. Since no one here is in that category, this simply serves as yet another reminder of the effective, even if “unofficial” one world government we’ve fallen under. Australia just hit the Commonwealth Bank of Australia with more than a $½ billion (U.S.) fine for failure to report transactions over $10,000 (AUS) in a timely manner. Note how their criteria is exactly the same as ours: $10,000, for the same reasons. And their government comes down just as hard as ours does.
Bring back Richie Havens’ “Freedom” song from Woodstock. Maybe the hippies were more right than any of us realized at the time.June 4, 2018 at 9:52 pm #70005
Remember Switzerland ? They USED to be the place to go to hide money , because they would tell anybody attempting to get information , to go pound sand . No more , they will rat you out as fast as the rest . The “new ” Switzerland is Liechtenstein . They decided to get into the financial privacy business , when Switzerland sold out .June 4, 2018 at 11:48 pm #70006
And just how does the average joe get his/her money over there? You can’t take large amounts with you on commercial transportation, you have to have your passport stamped so they know were you go, and you have to get the money OUT of your financial institution in order to transport it somewhere else. Everything electronic is an open book to them.
Then, when the S really does HTF, how do you get it back for use? Even if I use my private jet (HAH HAH!) and can get jet fuel for it, how do I get out and back in through Customs?
(Presumably everyone here – at least those in the U.S. – are already familiar with that one. Just in case though: Bend Over Here It Comes Again!)June 5, 2018 at 4:10 am #70010
They’re doing this because they always want to limit our standards and what we could do.. This is why it’s good to learn about cryptocurrencies as an alternative. Screw FRNs
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