Email a copy of 'Economics & Investing For Preppers' to a friend
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To be fair JWR, they can freeze your assets now, no crypto’s required.
YEP, or de-monetize you ( Alex Jones- and on YouTube conservatives/ice age/chemtrails etc), defund you, close down your “Go Fund Me” page (Rittenhouse), close your credit account( Warne scope mounts), or just by “accident”- or “fraudulent charges” that cause them to “re-issue” another card- 2 weeks wait, charges that the card company ” doesn’t recognize or think it is a legit charge”
So the fed is discussing a proposal that “that the proposal “would create a new payments instrument, digital cash, which would be just like the physical currency issued by central banks today, but in a digital form and, potentially, without the anonymity of physical currency,” admitting they can crack the public’s privacy data as they please.”
If this passes & paper dollars are removed from the marketplace, the fed could track everything that one buys w/ that digital cash. Any gun purchase from a private seller, or at a gun show, every box of ammo, every prep one buys locally or from ebay or amazon, would be tracked by the fed, creating another Big Brother in addition to the NSA (Nat’l Security Agency). Private transactions would cease to exist, except in barter.
LISTEN TO WHAT CHRIS SAID ABOVE- READ IT AGAIN. HE IS EXACTLY RIGHT.
Lettuce Know If You’ve Seen This Meme Review!
(YouTube Video, 15:03)
An American Homestead
Sep 25, 2020
https://youtu.be/Cr_PAR0TJ3A?t=456
Skips ahead 7:35, to Minimum Wage Meme, five 1964 quarters [Silver]
Ron Paul has already recovered from a stroke, and is back at. He is 85, and is simply amazing. Here is his latest.
https://youtu.be/XxE2g8lby7o
I despise the banks these days and keep very little in my checking account, just what’s necessary to pay a few bills. My parents called me the other day and asked if I thought they should reduce the amount of money in their checking account and keep some cash in the safe. Of course, that is what I would recommend to anyone. So….they went to withdraw $20k from the bank. The banker told them “We don’t keep that much cash on hand. It will take a week to get the cash for you and the maximum we can provide to you is $4k per week”. It’s going to take 5 weeks to get their cash from the bank. Is this now the current trend?
Butch… and that may possibly fall in category of submitting SAR ( Suspicious Activity Report) … would ask if that amount triggers the report… don’t know if SAR(s) are still current… I can say that getting ones $$$ out of the bank is a major challenge under current regulations that were enacted during Obama administration
RCB5472TN ..thanks for the heads up on the SAR. I’ll check it out.
Butch, if that was my parents, I’d suggest that they call the bank to cancel that withdrawal -to avoid the attention. Then in maybe 3 weeks, withdraw a smaller amount, maybe $2-3K. Make a withdrawal of $17500-3500 every 2-4 weeks, until they get their 20K. (Not sure if there’s any value of withdrawing different amounts, to prevent anyone from noticing a pattern.)
I’m pretty sure the trigger level for SARs is $10,000. At least it was at the time I retired (2017).
There are multiple laws against “smurfing”, that’s the practice of structuring withdrawals, payments or sales to keep them below the trigger level to avoid the attention of various Federal agencies (DEA, IRS, etc.)
Just for consideration.
Retired Cop
Ah, Ron Perelman. His net worth “plummetted from $19 billion to “just” $4.2 billion.
I doubt I would be interested in any of what he is selling.
This from the article: Perelman has his skeptics, including Richard Hack, who wrote a book about him in 1996.
Hack concluded: “If you want a simpler life, you go buy a farm in Oklahoma, not sell a painting out of your townhouse in Manhattan. If he’s selling his art, it’s because he needs cash.”
Sigh.
Carry on
If find it amusing when anyone thinks any kind of crypto is NOT tracked. Why on earth do you think it was introduced?