SB. 1241, introduced and sponsored by Sen Charles Grassley of Iowa (along with neo-billionaire 
PSA: Don't be overly worried about SB1241, but here's some action you can take JICMr. 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……”
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From Ken Adachi, Editor Contact your senators and reps to voice your opposition. House Representatives Facebook Censorship re: S.1241 - Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017115th Congress (2017-2018) I talked on the phone today to a woman who's being victimized as a Targeted Individual after filing for divorce from her husband, who came from a wealthy banking family. Among other injustices she has suffered, she told me that when her brother attempted to send her $8,000 in cash by FedEx to help her in May of 2016, it was stolen from her by Homeland Security. Out of the blue, she receives a phone call from a man who identifies himself as Homeland Security in San Francisco. He asked if she was expecting a package and she said "yes," her brother was going to send her a package. He then says he needs her permission to open the package. She apparently said OK, and soon afterwards, she receives a letter from Homeland Security that says that she has TEN days to prove that her brother owned the money and had obtained it legally, otherwise, her $8,000 would be seized by the State of California. And that's EXACTLY what happened to her. They took her money - just like that! No accusation, no hearing, no trial, no NOTHING. She was too stressed out at the time with far too many difficulties to try and play the role of Perry Mason and "prove" how her brother obtained his money. A couple of months later, her brother supposedly goes on a hunting trip and decides to shoot himself in the chest and commit "suicide" so she has no way to prove how her brother obtained the money (he was a building contractor). This is the nightmare that untold thousands of INNOCENT people have experienced in America - usually while carrying large sums of money in their car or truck, or at an airport. 'Asset Forfeiture' is simply a pretext for stealing money from citizens for the "crime" of carrying (or sending) a large amount of money.
Grassley was re-elected in 2016 and will remain in office until Jan. 3, 2023, unless he's recalled and removed from office - which sorely needs to happen if enough people in Iowa can recognize a certified Snake in the Grassley and give him the boot that he so richly deserves. 83 year old Grassley puts on the conservative Republican mask but he's obviously in bed with the same globalist elite bankers who helped make Israel's own Diane Feinstein go from middle class to billionaire after serving the globalist interests of Organized Jewry for so many years in the US House and Senate. Mainstream Zionist-owned media is not saying a word about this bill since its introduction on May 25, 2017. Searching "SB.1241", I initially only found TWO articles on the internet talking about the negative impact that this bill will have upon ALL Americans, but after adding keywords like "civil asset forfeiture" and "dangerous bill", more articles surfaced which I've embedded below or listed under "Related." It's extremely foolish to think that bacause this bill is so nakedly communistic, so outrageous, and so over-the-top, that it couldn't possibly pass, because the treasonous, Israeli-owned Sellouts and Fifth Columinists who occupy the majority of the US congress have been routinely betraying the liberties and constitutional guarantees of the American people since September 2001 and WILL CONTINUE to do so until YOU, the American citizen, gets motivated and mad enough to stop them by organizing and petitioning for a recall vote and remove these treasonous scumbags from office. Here's the pdf of SB.1241: http://educate-yourself.org/cn/SB1241-Charles-Grassley-sponsor-25May2017.pdf Read it, It's only 37 pages long with large font type and big spaces between paragraphs. Notice the obligatory "money laundering" and "terrorists" nomenclature to make it appear that this outrage is something other than a bald faced attempt to rob Americans of their rapidly dwindling rights to privacy and self determination from government snooping and 'asset forfeiture.' "Smiley" Chuck, anxious to help Deep State
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| Sponsor: | Sen. Grassley, Chuck [R-IA] (Introduced 05/25/2017) |
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| Committees: | Senate – Judiciary |
| Latest Action: | 05/25/2017 Read twice and referred to the Committee on the Judiciary. (All Actions) |
Tracker:
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
In the act, Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017. a citizen cannot possess cash or cryptocurrencies without reporting, in writing, to their local bank. Also included in the list of prohibited list is includes prepaid mobile phones, electronic currencies and even retail gift vouchers. Failure to comply does not only result in a stiff fine and 10 years in prison, it also involves the confiscation of all of your personal assets under Civilian Asset Forfeiture. In other words, if you store cash of engage in the business of cryptocurrencies, you are being labeled as a terrorist. Here is a breakdown of this heinous bill.
Why Would the Government Engage in Such An Action?
As the public is running from fiat currencies because of the inevitability of their failure and subsequent loss of personal wealth, the government seeks make the Federal Reserve reign supreme and trap you inside their corrupt and failed system.
There is, however, another more sinister motive. When the system is deliberately collapsed as is now happening, the elite want no financial survivors. I have written on several occasions that your 401K, retirements and pensions will be gone. The only source of wealth left is stored cash, cryptocurrencies and gold. The elite will soon be going after your gold just as Franklin Roosevelt did during the 1930’s when it became illegal to possess gold. Does this make sense, now, as to why the elite are buying up as much gold as possible?
Make no mistake about it, there will be no financial survivors from the middle class after the collapse. The Central Banks will own all real estate, precious metals and other hard assets.
Grassley and Feinstein know that the economy will one day crash. Subsequently, they want no survivors. These rogue Senators are preparing to take everything you own!
What is the solution to this economic tyranny?
- Contact your Representative and your Senator and threaten their re-election. They do not want the light of day on this. Have you seen this in the MSM? Of course not! So, let’s put this bill under our floodlights.
- The next is nonviolent civil disobedience. Store your wealth covertly and intelligently, but do not submit to this tyranny.
- Let everyone you know in Iowa about their Senator (Grassley’s) betrayal of the middle class and let the voters take care of business. There is no doubt that this plot is designed to destroy the middle class. We are at war!
Bill Will Force US Citizens To Register Cash Or Face Jail Time
http://yournewswire.com/bill-us-citizens-register-cash-jail/
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.
Anongroup.org reports: According to a Free Thought Project article by Claire Bernish:
“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.”
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 Cannabist titled “Since 2007, the DEA has taken $3.2 billion in cash from people without charging them with a crime”:
“The Drug Enforcement Administration 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.
That total does not include the dollar value of other seized assets, like cars, homes, electronics and clothing.
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.
U.S. Bill Requiring Travelers to Declare Digital Currencies Resurfaces
http://www.nasdaq.com/article/us-bill-requiring-travelers-to-declare-digital-currencies-resurfaces-cm807042
June 22, 2017, 01:20:36 PM EDT By Paaras Agrawal, Bitcoin Magazine
The United States Senate has introduced a bill that would require all travelers entering the U.S. to declare digital currency holdings in excess of $10,000. Despite concerns raised by the invasive nature of the bill, the likelihood of it being passed is extremely low simply due to the incredibly challenging infrastructure that would be required.
In fact, the new bill is actually a reintroduction of an older bill that was originally introduced in 2011 . The 2011 bill never made it out of sub-committee deliberation.
Speaking about the recent legislation development, David Siegel, founder of Twenty Thirty AG and Bitcoin enthusiast, tells Bitcoin Magazine , "It's disappointing. It's a step back toward 1934."
The bill would require the Secretary of Homeland Secretary and the U.S. Customs and Border Protection Commissioner to submit a joint report to Congress withinthat meets the following two conditions over 18 months after the date of enactment of this Act:
"(1) detailing a 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; and;
(2) that includes an assessment of infrastructure needed to carry out the strategy ..."
The amount of technology that would have to be developed in order to enforce this law is incredible. How could they detect these crypto assets? The infrastructure investment that would be needed would be quite prodigious.
"My position on regulation is that there should be strong evidence supporting its effectiveness," says Siegel. "I don't see declaring moving money as a transparency issue, so I would say it's a strong step in the wrong direction. I think regulation should be scaled way back to the point where we can show it's actually better than no regulation."
The bill, S.1241, would add "prepaid access devices" under the definition of U.S. monetary instruments in section 5312, title 31, of the U.S. Code. Specifically, a "'prepaid access device' means an electronic device or vehicle, such as a card, plate, code, number, electronic serial number, mobile identification number, personal identification number, or other instrument, that provides a portal to funds or the value of funds that have been paid in advance and can be retrievable and transferable at some point in the future."
These prepaid access devices, in theory, could extend to include electronic ledgers, cryptocurrency wallets and even private keys. These are all portals where individuals can gain access to their private funds. Thus, individuals with more than $10,000 worth of crypto assets tied up on the blockchain would have to declare their crypto net worth to the U.S. Government by filling out a Report of International Transportation of Currency or Monetary Instruments, often called the FinCEN105. This could have a serious impact on digital currency holders traveling to the United States. Punishment for not reporting could include up to five years of jail time and forfeiture of those funds in the form of criminal and civilian penalties.
Formally known as the "Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017," the bill was introduced on May 25, 2017, by Senator Chuck Grassley (R-IA) and is co-sponsored by Senators Dianne Feinstein (D-CA), John Cornyn (R-TX) and Sheldon Whitehouse (D-RI). It has been referred to the Committee on the Judiciary for further deliberation, but has a tremendous number of obstacles that must be overcome before reaching the President's desk for final approval.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
This article appears in: Bitcoin
Related
Senate Bill to Force Citizens to Register Cash Not in a Bank, Violators Get 10 Years in Prison
(June 17, 2017)
http://thefreethoughtproject.com/sb-bill-federal-assets-cash-seized/
New Bill Accelerates U.S. Government War on Cash (June 16 2017)
New Bill Puts Government Eyes on Your Money
http://www.birchgold.com/news/government-eyes-on-your-money
Prepare for SB1241's Pit Bull Assault on BitCoin Freedom
https://news.bitcoin.com/prepare-for-sb1241s-pit-bull-assault-on-bitcoin-freedom/
NOW U.S. GOVERNMENT THREATENS TO TAKE ALL YOUR CASH
New Senate bill empowers feds to seize everything you own (June 18, 2017)
http://www.wnd.com/2017/06/hide-your-cash-the-governments-after-it/
Controversial New Civil Asset Forfeiture Bill (June 15th, 2017)
http://blog.gainesvillecoins.com/2017/06/15/controversial-new-civil-asset-forfeiture-bill/
US Senate's Digital Currency Bill [SB.1241] Is 'Counterproductive'
https://www.coindesk.com/coin-center-us-senates-digital-currency-bill-is-counterproductive/
US CONGRESS GOING FULL 1984 ON BITCOIN AND ASSETS (June 15, 2017)
https://247bitcoin.net/us-congress-going-full-1984-on-bitcoin-and-assets/
Congress submits bill making it illegal to hold cash, Bitcoin, or other assets outside of a bank without informing them in writing (June 15, 2017)
http://www.thedailyeconomist.com/2017/06/congress-submits-bill-making-it-illegal.html
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