assets

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, Terrorist Financing, and Counterfeiting Act of 2017,” 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.

All of this under the farcically broad umbrella of fighting terrorism.

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.

A court verdict of not guilty doesn’t even guarantee the return of State-thefted property.

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In fact, the government can seize virtually whatever it wants if it so much as suspects some of your assets might have been acquired through or used in the commission of even lesser crimes.

For some time, a war on cash has been brewing behind the closed doors of government, and — although officials prefer to claim counterfeiting, terrorism, and money laundering as the impetus for asset tracking — in actuality, physical currency facilitates black market and untaxed transactions, and, most imperatively to the U.S., cannot be thefted under civil asset forfeiture laws as easily as money exchanged digitally.

Characterized as an effort to “to improve the prohibitions on money laundering, and for other purposes,” the bill severely curtails the right to travel freely, without undue hindrance, as travelers with more than $10,000 in assets — including those held digitally, like Bitcoin — must file a report with the U.S. government.

Noncompliance with the tyrannical law — including failing to fill out the aforementioned form — would incur penalties befitting a fascist dictatorship: an individual could find the entirety of their assets seized, not just those unreported, and could be locked in a prison cage for up to ten years.

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To be clear, the State wants to write a permission slip to seize all of your assets — bank accounts, including, specifically, “safety deposit boxes,” prepaid cards, gift cards, prepaid phones, prepaid coupons, cryptocurrencies, all of it — even for being remiss in reporting what you’re traveling with.

Considering one’s digital assets veritably follow wherever that travel takes them, a cryptocurrency portfolio would theoretically have to be reported each time that person travels outside the confines of the U.S.

Of course, the legislation in actuality just amends laws pertaining to assets and travel already considered dictatorial — right now, failure to fill out the form carries not just the penalty of seizure, but a sentence of up to five years behind bars.

“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,’” Simon Black of SovereignMan.com reports.

“Usually wiretapping authority is reserved for major crimes like kidnapping, human trafficking, felony fraud, etc.

“Now we can add cash to that list.”

But it wouldn’t just be the government hawkishly surveilling your every transaction, as, essentially, all retailers would be roped into becoming State spies — any business selling gift or prepaid cards would be required to report those, too.

Worse — and in defiance of current structures pertaining to digital currency — the government wishes to somehow require issuers of cryptocurrencies into its abhorrent, ostensive money-laundering police spy ring.

According to the legislation, reports Smaulgold.com, the Secretary of Homeland Security and the Commissioner of U.S. Customs and Border Protection must, within 18 months of the legislation’s passage, devise a “border protection strategy to interdict and detect prepaid access devices, digital currencies, or other similar instruments, at border crossings and other ports of entry for the United States, including an assessment of infrastructure needed [emphasis added] to carry out the strategy […]

“The obligation to declare amounts in any form over $10,000 exists, irrespective of whether custom officials have a way of detecting such holdings. Since digital currencies technically travel with the holder [wherever] the holder goes, one would have to declare one’s entire crypto portfolio each time the holder entered the U.S.”

Travelers possessing assets, precious metals, and accounts in excess of $10,000 held outside the United States, however, would not be required to declare those to the government — perhaps leaving an albeit sketchy option for those wary of unscrupulous authorities.

While the government insists ‘If you’ve got nothing to hide, you’ve got nothing to fear,’ the Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017 proves you might not be able to hide anything from its greedy clutches — and if you try, you could wind up thrown in a cage for a decade, penniless upon release.

Welcome to America, where your assets are literally the government’s business, and freedom is anything but free.

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Claire Bernish began writing as an independent, investigative journalist in 2015, with works published and republished around the world. Not one to hold back, Claire’s particular areas of interest include U.S. foreign policy, analysis of international affairs, and everything pertaining to transparency and thwarting censorship. To keep up with the latest uncensored news, follow her on Facebook or Twitter: @Subversive_Pen.
  • David Daisy May Boldock

    Why have computers? Politicians are far more calculating.

  • Guy

    What Our Government could not do to us in it’s war against drugs, it is now doing in its war against our money and just tying up it’s loose ends.

  • Lawrence Pearson

    War on women , War on drugs , War on blacks who breathe or drive , War on Mexicans , War on Muslims , War on Christians who ran away from IS Is (The CIA ) . To a free and honest country . Who decided that brown Christians are liars and don’t believe Jesus was white . War on Native Americans . Because they had no plan for space exploration . So they got caught owning what European Christian ‘s wanted . And not flying away . War on children . Lead poisoning or round up . War on education , War on health care , War on so many countries at the same time that they no longer matter . I an American accept I am the worst scourge on humanity . My leaders are completely moronic , unintelligent , Hateful , murderous and greed motivated bought and paid for whores for pennies . God bless america make it great again for Putin .

  • Brian King

    and the war on cash begins

  • John C Carleton

    The USA is a robber baron, a crime cabal. They never met a child they did not want to molest, or a dollar they did not want to steal, a head of State which would not kiss their butts, they did not want to kill.

  • Dennis P Ginther

    Mothers in Government strike again. We know what you got in there Mr. If you have nothing to hide? You have nothing to worry about. Now do Ya? I’m your mother and I’m coming in there whether you like it or not! Open up this door Mr. Or you can wait til your Father gets home!

  • mark

    libertine accumulation of assets for the insiders, freedom from assets for anyone who opposes,.. King John and the robber barons come to mind? Oh for a Robin Hood.

  • Dennis P Ginther

    I can see many starving to death in our near future by this ridiculous government. I am beginning to hate this country and think it might be time for a change in officials. A complete change.

    • Blueeyes

      i agree 100%. I’ve finally woken up and our government sucks!!! We need to pull an Iceland on them!

  • We’ve got to oppose this hard. This is more important than immigration, net neutrality, and drug laws. The land of the free? Whoever told you that is your enemy.

  • a.c.hall

    Does this apply to Casinos, Wall Street, actual Drug Dealers? The US Government Robbing it`s own Citizens to fill the Pentagon Killing Machine.

    • Teddy Flyfisher Davis

      Or the ENTIRE trump family…?

      • DScott Barry

        And Gates, Buffet, Steyer, Soros, Musk, Zuckerberg, Bezos, Winfrey?

        • Teddy Flyfisher Davis

          I forgot those others…Thanks… 😉

        • billdeserthills

          don’t forget the bloomberg

  • pdubya1

    What is the bill number?

  • canucanoe2

    Hey Republicans! How’s that whole ‘keep government out of our lives’ thing going? Not too good, I guess.

  • Mike Dymski

    Well its pretty obvious there is no freedom and we are oppressed people , may as well cancel 4th of july because there is no Freedom in America

    • PRINCE PURPLE RAIN DELUXE O(->

      We need to have another Independence Day A.S.A.P.!

    • Kristen Jay

      The 4th of July ceased having any meaning for me since Obama’s first term

      • Amor Terra

        If it was that recently, you were asleep previously.

        • Rory

          Agreed! A lot of this started with the passage of the Bank Secrecy Act in 1970. The excuse back then was to track Mafia assets, but they have been expanding this kind of legislation ever sense so as to catch more and more people in the net.

  • Teddy Flyfisher Davis

    The words of the star spangled banner…? LOL It’s all a ruse…!

  • Greg Kohls

    When was this Bill generated? I am sure it wasn’t in the last 8mo. I vaguely remember Obama pushing for a cashless society. I say Obama but there are deeper forces.

    • Amor Terra

      As you might have discovered if you’d clicked the link in the article, it was introduced 5/25/17 by our pal Sen. Chuck GrASSLEY Iowa (Mr. Death Panels). He’s a Republican, BTW–just in case you’re one of those who thinks it’s the “leftists” who do shit like this. NEWSFLASH! With few exceptions, they’re all criminals.

      • DScott Barry

        There is NO difference between the “two” parties — they’re all one big happy family, living high-on-the-hog at our expense. What we see as the differences between the two is just window dressing to keep us electing one or the other, rather than someone who could actually make a difference. And even Mr. Trump knows that all his rhetoric means nothing, that the swamp will not be drained. Too many alligators (sorry to impugn alligators like that).

        • Sherry Evelyn Grice Paschal

          Ha ! President Trump added more alligators and threw some “Swamp Things” into the mix. So yes, we can forget any swamp drainage. Besides, the Oligarchs still need a place to “stash” bodies. DC is worse than the “Ledgend of Wooley Swamp.” If a decent person does get elected or serves in a high level military /cabinet position, they aren’t likely to make it out as the same person they were, or worse, alive.

  • rioderek

    Who’s the un-American author of the bill. His or her name should be widely circulated and they should be voted out of office ASAP

    • Gia Brown

      IN THE SENATE OF THE UNITED STATES
      May 25, 2017
      Mr. Grassley (for himself, Mrs. Feinstein, Mr. Cornyn, and Mr. Whitehouse) introduced the following bill; which was read twice and referred to the Committee on the Judiciary

      Read the bill.

  • Rocsteadii

    Wow. If ASSET FORFEITURE wasn’t bad enough, now they are trying to expound on that bullshit bill… This is a War on the Citizens in the US…. SmH

    The government use these bills as a guise to satisfy a few individuals certain archaic , draconian thoughts and fantasies. Freedom is an illusion when you see some of the laws that are still on the books. USA should be embarrassed. You should be leading the way in democracy but it’s far from it. ?????‍♂️

    • PRINCE PURPLE RAIN DELUXE O(->

      We The People need to restore The Republic as we have never been a democracy.

  • Gia Brown

    You might want to tell your readers this bill was brought forth by Diane Feinstein and another Democrat Senator.

    You might also consider reminding your readers that BOTH political parties are dirty & corrupt. 2 parties, both work for the same government and the people who control that government.

    As the comments on this article demonstrate-
    Continuing to cheer for “your team” when the game is rigged against the fans on both sides is really [f——] stupid.

    For the last 3 decades the federal government has grown and taken over.

    But….. Trump!!! You damn fools.

    ?‍♀️

    • DScott Barry

      Don’t blame Trump. He’s just a small part of the game. No matter what the media may say, if he wasn’t on board with all this crap, he would never have been allowed to win any primaries. Just ask Dr. Paul.

  • Gia Brown

    IN THE SENATE OF THE UNITED STATES
    May 25, 2017
    Mr. Grassley (for himself, Mrs. Feinstein, Mr. Cornyn, and Mr. Whitehouse) introduced the following bill; which was read twice and referred to the Committee on the Judiciary

    • DScott Barry

      So it has “bipartisan” support.

  • junktex

    Maybe “they” will cease to hate us for our freedoms.

    • Amor Terra

      Since we don’t actually have any?

  • GA Patriot

    Two words: Lois Lerner…

  • PRINCE PURPLE RAIN DELUXE O(->
  • LostPatriots

    Well, I say if our US government was really trying to fight against money laundering & drug traffickers for that matter…..then I would recommend that the US Justice Department file charges against all of the big banks, financial firms, and wall street posthaste for their involvement in money laundering for the drug cartels & other criminal groups that use their banking system. That’s only fair for all Americans, because we now know that corporations are people, too. A very protected group of people….. for sure!

  • Chris Freethinker

    If they pass this bill I will hunt down the bill’s makers, and they will be the ones who will be paying.

  • Donald Johnson

    Why is it that for the last several months, whenever I hear what the senate and congress are doing to America, I keep thinking of that movie, ” The Purge “,.?,…

  • Civil forfeiture = government approved theft.

  • Polaris

    So I can have a billion dollars at home and travel with 9K assets and I’ll be fine. If I travel with 10K assets on my person and don’t fill out the form, then problems arise.

    • billdeserthills

      Just keep the money in packets under $10k, and the excess will be someone else’s $$$

  • Amor Terra

    These psychos clearly haven’t read The Hunger Games or the history of the French Revolution. As I recall, it doesn’t end particularly well for the elites.

  • Suzi Kaiser

    No. No. No. I am luck if I have $40 in change in a jar, but even I know this is WRONG.

  • willem

    What is that they say about countries where the most stringent controls are on those leaving rather than those entering? Today your cash, tomorrow yourself…..

  • Zaphod Braden

    Russian philosopher Fyodor Dostoevsky in the 1800s said, “Money is coined liberty.”
    “Cash” is your PRIVATE PROPERTY. It is the physical representation of your time at work or your intellectual output.
    “The desire of gold is not for gold. It is for the means of freedom.” — Ralph Waldo Emerson
    To ban cash is to steal your PRIVATE PROPERTY. People will resort to barter, gold & silver and creating local scripts.
    Let us first examine THEIR finances …….

  • Harry

    Our nations’s Founding Father’s must be spinning in their graves at this tyranny being imposed on us by our own U.S. government!

  • Harry

    This is even worse than the tyranny that caused the colonists in Colonial America to start a revolution for independence from the British Empire. Our nation’s Founding Fathers must be spinning in their graves at this tyranny being imposed on us by our own U.S. government!

  • Michael Gross

    Batter up!

  • LordChrown

    Nope!

  • Debi Sovelet

    Its not too late for you to ALL get up – but you are too afraid to hang the VIPERs!

  • Debi Sovelet

    You can SAY no and not COMPLY. You do know this, right?

  • billdeserthills

    Funny cause all the biggest criminals will be untouchable-
    these laws are only for the ‘little people’

  • People, the 2nd Amendment to the Constitution gives US the right, yet I say “responsibility”, as “THE MILITIA”, to take out and dispose of ANY tyrannical government that empowers “ITSELF” to engage in ANY war against the genuine and generic people born or naturalized on this land, known as Americans, “NOT” US CITIZENS (they are two differing entities), and our right to expel said criminals from government, and reform a NEW CONSTITUTIONAL Government by and of the people!! THIS IS FACT!! We The People MUST educate, realize, and take it into our own hands, to rid this country of these criminal power gloating thugs. If WE don’t, we will end up poor, penniless, and living on the street in a land that was conquered for, and given to US THE AMERICAN PEOPLE… Surely you won’t allow this to happen will you? Teach, write, share, promote, and enforce our “Common Law” and hold the tyrants accountable. Might I suggest public hanging for treason? T’would be a good deterrent for future lawyers and politicians…