Who Exactly is Trying to Kill off Cash?

d08 said:
Most governments. If everything is electronic, they can monitor your every transaction and confiscate all your resources with just one click.
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I agree, plus you become a prisoner of that country since they have limits of how much you can take out of USA, they chalk it up to terrorists or drug related, but it comes down to controlling the majority of the people as all those who are illegally doing it, can take out billions.
 
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Handle123 said:
I agree, plus you become a prisoner of that country since they have limits of how much you can take out of USA, they chalk it up to terrorists or drug related, but it comes down to controlling the majority of the people as all those who are illegally doing it, can take out billions.
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Canada as no restrictions on the amount of cash brought in or taken out. But any amounts over $10,000 CAD have to be reported.



:)
 
I am not sure but reporting of taking cash out of the bank went from 10k to 5k? And it triggers the gov't, shoot, you can just send it somewhere USA friendly, take it out in US currency, go across the street to another bank then transfer it somewhere else, am sure many do so thinking they hiding it but US will one day ask what happened to it, can't say you had a bon fire with it.

I think you can grab $4,999 each week and say it was for gas and bananas.
 
Transferring under the limit is not safe either -- I read an article on 'structuring' where if you move funds under the limit, they think you are trying to sneak under the reporting rule and can seize funds. (sorry, it was a while back so I don't have the link)
 
^ The 10K think is kinda like folklore. I routinely shuffle around amounts much larger than that for a variety of reasons and in all sorts of directions, nobody has ever come asking questions, but if they did I would quickly instruct such enquirer to "suck it"
 
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