Posted on 03/30/2015 9:40:27 AM PDT by Lorianne
Seems I read that making multiple smaller deposits in multiple banks was also a crime as it was an effort to avoid the reporting requirement.
***********
They Are Slowly Making Cash Illegal
http://www.freerepublic.com/focus/f-bloggers/3273639/posts
The move to a cashless society won’t happen overnight. Instead, it is being implemented very slowly and systematically in a series of incremental steps. All over the planet, governments are starting to place restrictions on the use of cash for security reasons
Justice Department Rolls Out An Early Form Of Capital Controls In America
http://www.freerepublic.com/focus/f-news/3270452/posts
The U.S. Justice Department’s criminal head said banks may need to go beyond filing suspicious activity reports when they encounter a risky customer. [They may also report it to police}.
The problem is Australia has a budget crisis and the Labor and Green dominated Senate won’t let the government make the necessary cuts to try and get debt under control. The government is having to look at options like this because they need to come up with something that the Senate will pass. This was originally a Labor party proposal so they will either pass it, or it will demonstrate to the Australian voters that Labor is actually playing politics rather than trying to fix the problems they created between 2007 and 2013.
So, passing leftwing bills will be some kind of challenge to the left? Wow, is McConnell running things down there? I am sure the left in shaking in their boots that their own idea is going to be passed by the other side, while laughing in their sleeves.
Labor has already blocked some of the proposals they went to the last election with. Their political strategy seems to revolve around blocking everything that the Coalition is doing because a lot of voters will blame the government for the lack of progress whether or not it’s caused by the Senate or not - a lot of people don’t understand the system and seem to think governments can do whatever they like, so any lack of progress in fixing a problem is down to the government.
Forcing Labor into a situation where they reject their own ideas may help people come to understand what is going on.
But the budget situation is also bad enough that something has to be done.
It also should be understood that under the Australian Contitution, if the Senate proves intractable - as the current Senate is - the option exists for the government to set in place a ‘Double Dissolution Election’. It’s a rarely exercised option but it is fully constitutional and it has happened a few times. There’s increasing indications that Tony Abbott is considering doing this, and this type of approach in forcing Labor to either reject its own policies showing that they are not ready to govern, or forcing them to pass them and thus showing the Australian people what Labor wants to do, could be good politics in that type of situation. It’s a risky political strategy, but it’s been done before, and at the moment, I’d be considering it if I was Prime Minister.
Withdrawing money?
Some time ago, this nation cease to be a free republic and became a tyranny. A prosecutor will easy get a conviction by pointing out that your series of withdrawals amounted to a work-around to the $5000 withdrawal notice requirement. You will have no effective defense. You can take comfort in your little part to wage the war on drugs. Thats where this rule comes from.
Money goes where it’s treated well.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.