Who Exactly is Trying to Kill off Cash?

[d08]

^ 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"

Watch the border security shows. If they catch you with undeclared cash over $10k, it will be confiscated if you can't prove the source and they'll tell you to "suck it" and you leave with 10k less. Of course everything is fine if they don't catch you but that's the same with drugs and all other contraband.

 

[Sig]

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.

This is an incorrect midset that the government appears to share. If I bring over $10,000 in cash across the US border I have to declare it and they may freak out. If I bring a credit card with a $100,000 limit across the border and spend $100,000 the next day I don't have to tell anyone. Or load that amount on stored value cards, for those of you sure the gubmnt is monitoring all credit card transactions. Either way the government has much more control over crossborder money movement if it is cash.

 

[OptionGuru]

^ 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"

Not folklore - it is a fact.

US Customs - How much currency can I bring into or take out of the U.S.?

"There is no limit on the amount of money that can be taken out of or brought into the United States. However, if a person or persons traveling together and filing a joint declaration (CBP Form 6059-B) have $10,000 or more in currency or negotiable monetary instruments, they must fill out a "Report of International Transportation of Currency and Monetary Instruments" FinCEN 105 (former CF 4790).

If assistance is required, a Customs and Border Protection (CBP) Officer can help with filling out the form."

IMO ..... It best to cooperate with border guards.

 

[NoVoodooHere]

What is this a tin-hat party? You can do international wires in amount greater then 10K w/out issue. If you are doing it for illegal purposes and somebody asks, you'r probably fucked. However this is not relevant to me and last I checked this was not a thread about how to fund terrorism or evade taxes (hello NSA). If you are carrying cash greater then 10K into the country and you don't declare it you'r either 1) doing something illegal, 2) "you forgot" 'cos you got piss drunk on the plane, or 3) you'r a half-wit, in either case, you probably deserve confiscation, and possibly castration.