I’ve been trying to ignore this reoccurring story, but it is starting to irk me given the recent passing of NDAA 1867.
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You ask a question……All I can respond with is the old cliche’, If it walks like a duck, quacks like a duck, it’s probably a ____.
You fill in the blank.
This snowball started with Bush after 9-11 when everyone was convinced that bigger and more intrusive government would be on our side.
It should be painfully obvious to every sentient American citizen by know that the US government has become paranoid of its own people.
The upcoming election must turn the tide or the freedoms outlined in our Constitution will be gone for a very long time. Maybe forever, as the balance of “arms” has now swung to far in favor of the government. There could never be a revolution against our government as the was in the 1700’s. The odds are too long.
Agreed Heaterman
There’s a little known division of the Treasury Department called the Financial Crimes Enforcement Network (FinCEN) whose mission is to “to enhance U.S. national security, deter and detect criminal activity, and safeguard financial systems from abuse by promoting transparency in the U.S. and international financial systems.”
Here’s a government agency rule of thumb: The more noble-sounding the mission statement, the more villainous the agency.
FinCEN is basically the CIA of the financial system. But unlike the CIA which is technically not allowed to spy on US citizens and typically has to pay informants, FinCEN has complete legal authority over US persons. And they’ve managed to turn the entire financial system into the world’s largest network of informants.
Simply put, your banker is an unpaid, often unwilling spy of the US government.
Case in point– last week, FinCEN announced that a California banker had been slapped with a $25,000 penalty for notifying a customer who had become the subject of a federal “Suspicious Activity Report” or SAR.
SARs are required to be filed by bankers, brokers, money changers, check cashers, and even casinos. You may have been the subject of dozens of SARs and never know, because it’s against the law for your banker to notify you.
As for what is considered “suspicious”, there is no clear guidance on this. It could be anything– depositing or withdrawing too much cash, ATM withdrawals in foreign countries, unusual fund transfers into your account. Basically, anything that’s a departure from a completely sterile existence.
What’s more, financial institutions frequently have a minimum quota of SARs to fill out, and those who do not comply face severe penalties. Financial institution employees can even face CRIMINAL charges for failing to file a SAR.
Now, your banker may be a good guy, but do you think s/he’s willing to do jail time? No chance.
This is how normal, everyday people end up on government watch lists or have their assets frozen ‘pending investigation’. And with the recent passing of the National Defense Authorization Act and its catch-all terrorism clauses, we can only expect this to get worse.
http://www.sovereignman.com/
A sad time for America