During the trucker thing here in Canada my wife emptied our bank account of our severance pays (like 300k) and they asked her the same question.
She told them she was going to burn it because we donât need it lol she said the look on the girls face was priceless. Then she added itâs really none of your business but I donât want Trudeau to take it.
I withdrew $20,000 cash once to pay contractors that were working on an addition to our house. The girl at the desk apologized but said she had to ask me what I needed that much money for. I told her I was going on 3-day coke fueled bender to Las Vegas gamblingâŚnot that it was any of her business what I do with my money.
Said, âIs that really what you want me to report?â I said, âYou can write in whatever you want itâs nobodyâs business but mine how and where I spend my money.â
Just want to point out that this is one of the main reasons why crypto is a financial lifeline. I'm not talking about exchanging fiat dollars on a KYC exchange where they can also seize/freeze your account, but if you hold it in your own offline wallet, there is nothing anyone can do to restrict your spending in any way.
You can also take it a step further and use privacy coins like Monero, which can't be tracked at all because all transaction details are encrypted at the protocol level.
Except I donât want it. I want food, shelter and water, medicine and bullets and the occasional whore. She doesnât take monero but sheâll take a free night in my shelter where itâs warm.
;). Thatâs my problem with crypto (and yes I have some I wonât lie Iâve been crypto mining for years). The problem is always going to be finding someone to offload it too for something else.
Perhaps, but if you find a solid source of some commodity that you can buy with crypto, you can go into business selling that commodity for whatever is being used as a common medium of exchange, if its not cash.
I want food, shelter and water, medicine and bullets and the occasional whore. She doesnât take monero but sheâll take a free night in my shelter where itâs warm.
$3k gets reported. $10k requires special report on transaction. Those are the standard notification rules.
Last year they talked about passing a law reporting all transactions on accounts with more than $600 in monthly activity. So thatâs virtually everything.
If you are running money through a bank, paypal, venmo, etc. assume the government knows.
If you are running money through a bank, paypal, venmo, etc. assume the government knows.
If you are using a payment processor like CashApp, Zelle, Venmo, PayPal or ebay managed payments you'll get a 1099K if you breach $600. That's right, if you sell your own excess household goods on ebay, items you paid for with after tax net income, you get taxed again. How else can you fund free phones, housing & healthcare for future Americans of the world on our southern border right now?
This is all preload for the eventual big push for CBDC and 100% capture on how you spend your money, social credit tie-in and punishment for wrong think.
Its not the same if you are transferring it it gets flagged but there is literally a couple of guys who have to review it . Taking the cash out terrifies them for some reason.
Precisely. It happened to me. I withdrew a sizable inheritance IRA. My financial planner was supremely pissed and tried every tactic to dissuade me. I held firm. That only was 20% of what I had in my IRA. I knew that I needed to pay off debts now, to be free from interest rates and cut ties from those who enslave us with debt. Funds were transferred to the bank-clearly from an IRA. It used to be you could remove $9,999 in one day, now only $4,000-$5000 max. without higher up banking approval and transfer of funds from main branch with a4-5 days waiting period. I immediately removed $4,000 in cash, did electronic check pay offs of all debts and removed the remainder 4 days later. I was asked numerous times, in numerous ways why I was removing it, or what âremodeling projectsâ was doing. I let them know exactly what I thought of that, and what I knew they were doing and to whom it was reported. Not being able to withdraw your funds acquired from a legitimate source is BS. I trust no one anymore, banks, hospitals, government, doctors, etc. I worked two jobs almost my entire life from age 21. I am not going to be dictated to by banks or government. I donât let money stay in my bank account. It is subject to being frozen or confiscated. All bills are paid the day money is deposited.
That's been a thing for a very long time, mainstay of the IRS. You plead your case in their courts with their judges appointed by them. This however jumped awareness way beyond "tax incidents" -
Confiscation occurs especially when the origin is indeterminate. That is most likely why drug dealers donât use banks, unless the biggest drug dealer, our own government puts it there with a complicit bank.
Are banks really not the one understanding the concept of a private company and/or citizen?
In his place, I'd request a full and detailed copy of the banks operating budget figures and spending projections for the current financial year. Maybe they are getting scammed also?
Get your cash out of the banks now. The writing is on the wall everywhere! Leave enough to cover your bills like mortgage and those bills you pay thru a direct deposit. Make sure you keep on top of your bills! Convert savings to gold or silver. Thatâs your insurance for the coming recession. Consider putting aside bartering goods. This includes: Sugar. Salt. Coffee. Chocolate. Tea. Alcohol. Fire food. Candles. Soap. Toilet Paper. Nappies and Sanitary Products.
"...because I was thinking about getting a lawyer to sue your ass for banking fraud, now are you gonna pony up the dough, or am I gonna get an even bigger payout next time I'm in here?"
I was purchasing a property and needed a cashiers check for 58k. Before the teller would process it, she called some corporate person who proceeded to question me about what exactly the funds were for. It was as if a wrong answer may have prevented me from getting the check. The funny thing was that this person on the other line was annoyed and acted like I was inconveniencing them. This was in the US about 4 years ago.
We had a lot of cases where crims strong-armed vulnerable folk to go to the bank and pull out cash, which was then robbed from them. Some of the reason for the nosy questions is to try and identify if this is happening. Although I think it's equally likely to be a control measure.
I always say âIâm thinking of buying a boatâ after the third or fourth time they stopped asking. I moved everything to a credit union and I feel a much nicer relationship with the people there.
If you still want the safety of a bank vault, then get your cash out and quietly place it in a safety deposit box in that bank or another. Or multiple. The bank doesnât know whatâs in those. And most people donât use them for cash. It could be your severed mouse head collection for all they know. Itâs usually a monthly or yearly charge, itâs very low. Your money wonât âworkâ for you...but thatâs the choice.
And even when the collapse happens. Banks will still be open, and you can just access your safety deposit box for your âtitlesâ..like ones for cars, boats, atvâs, etc. Or some family heirlooms like rings and such. I mean...what idiot puts cash in those, hahaha.......đ
Yeah if SHTF it may be down, as will many things. I doubt money would have much value at that point anyways. Iâm more or less talking about when the banking system goes belly up. If people lose or even temporarily lose access to their cash. At that point the banks will still be open, and thatâs when you clean out your deposit box. In the meantime you have the best safe in town, outside your âother placesâ, to keep the biggest cache. But as weâve discussed, there is a point when it must be removed. And unless your box is located inside like a mall bank or something, should be accessible.
Australian bank. U.S. website gives an address on Lexington Ave. in NYC near where I once worked that does not match the picture. Looks like the signage is mostly in Chinese. Don't remember anything like that when I was in the neighborhood.
Defins an aussie, been making the rounds in aussie networks for a bit. Problem is its been a thing for a while here for certain amounts. Pretty sure you gotta pre book if you want 10k đ
They have been doing this for years. Itâs a fed thing, i think. a family member had this happen. said he was going to make sweet love to his wife on a pile of cash. life long fantasy.
Its been going on for more than a decade or so... I used to bank with BofA but back in about 2008 I deposited a check for $2000 and was asked where the money came from... I told her it was none of her business. She said she couldn't deposit the check. I took it back and used it to open an account at my local credit union and then closed my BofA account.
But I still only use the ATM there when depositing larger checks.
During the trucker thing here in Canada my wife emptied our bank account of our severance pays (like 300k) and they asked her the same question.
She told them she was going to burn it because we donât need it lol she said the look on the girls face was priceless. Then she added itâs really none of your business but I donât want Trudeau to take it.
Apparently she wasnât the first.
i'd say "the country is about to fall, and i want to make as many cash transactions as i can to prepare for that, i hope you can understand, thanks."
This.
I withdrew $20,000 cash once to pay contractors that were working on an addition to our house. The girl at the desk apologized but said she had to ask me what I needed that much money for. I told her I was going on 3-day coke fueled bender to Las Vegas gamblingâŚnot that it was any of her business what I do with my money.
How did she respond?
Said, âIs that really what you want me to report?â I said, âYou can write in whatever you want itâs nobodyâs business but mine how and where I spend my money.â
Just want to point out that this is one of the main reasons why crypto is a financial lifeline. I'm not talking about exchanging fiat dollars on a KYC exchange where they can also seize/freeze your account, but if you hold it in your own offline wallet, there is nothing anyone can do to restrict your spending in any way.
You can also take it a step further and use privacy coins like Monero, which can't be tracked at all because all transaction details are encrypted at the protocol level.
Except I donât want it. I want food, shelter and water, medicine and bullets and the occasional whore. She doesnât take monero but sheâll take a free night in my shelter where itâs warm.
;). Thatâs my problem with crypto (and yes I have some I wonât lie Iâve been crypto mining for years). The problem is always going to be finding someone to offload it too for something else.
Perhaps, but if you find a solid source of some commodity that you can buy with crypto, you can go into business selling that commodity for whatever is being used as a common medium of exchange, if its not cash.
Dang.
Brutal honesty.
We have this in the USA, transactions for more than $5k get flagged.
$3k gets reported. $10k requires special report on transaction. Those are the standard notification rules.
Last year they talked about passing a law reporting all transactions on accounts with more than $600 in monthly activity. So thatâs virtually everything.
If you are running money through a bank, paypal, venmo, etc. assume the government knows.
If you are using a payment processor like CashApp, Zelle, Venmo, PayPal or ebay managed payments you'll get a 1099K if you breach $600. That's right, if you sell your own excess household goods on ebay, items you paid for with after tax net income, you get taxed again. How else can you fund free phones, housing & healthcare for future Americans of the world on our southern border right now?
This is all preload for the eventual big push for CBDC and 100% capture on how you spend your money, social credit tie-in and punishment for wrong think.
/silver & lead
Sales is different, as over 600 you owe taxes... taking out or sending more than 5k is not for tax purposes but for tracking...
Thought it was 10k
They changed it
It was 10k they changed it a few years ago. Technically the bank usually won't stop the transaction but it goes into a federal register.
Dicks.... 4999.00 it is
It's more insidious: if the bank thinks you're trying to avoid the limits, they report you anyway.
I might just keep withdrawing a depositing weekly/daily? Then just to dick with them.
I need $11289, nah here just kidding let me put back $5,463 Rinse and repeat every Monday and Wednesday
Any transaction outside your normal transaction size will get flagged...
think again
Its not the same if you are transferring it it gets flagged but there is literally a couple of guys who have to review it . Taking the cash out terrifies them for some reason.
Banks have become very, very scared of cash runs.
Thats per day, from what my bank told me.
They say it's a drug thing...I'm realizing now, no it's a control thing.
The same people wanting the reports are the same people allowing the drugs in. đ¤Ż
The government is nothing but the top cartel, and they collect intel on all their competition.
Been a thing in oz for a while too. Peoples mustnt have realised
Precisely. It happened to me. I withdrew a sizable inheritance IRA. My financial planner was supremely pissed and tried every tactic to dissuade me. I held firm. That only was 20% of what I had in my IRA. I knew that I needed to pay off debts now, to be free from interest rates and cut ties from those who enslave us with debt. Funds were transferred to the bank-clearly from an IRA. It used to be you could remove $9,999 in one day, now only $4,000-$5000 max. without higher up banking approval and transfer of funds from main branch with a4-5 days waiting period. I immediately removed $4,000 in cash, did electronic check pay offs of all debts and removed the remainder 4 days later. I was asked numerous times, in numerous ways why I was removing it, or what âremodeling projectsâ was doing. I let them know exactly what I thought of that, and what I knew they were doing and to whom it was reported. Not being able to withdraw your funds acquired from a legitimate source is BS. I trust no one anymore, banks, hospitals, government, doctors, etc. I worked two jobs almost my entire life from age 21. I am not going to be dictated to by banks or government. I donât let money stay in my bank account. It is subject to being frozen or confiscated. All bills are paid the day money is deposited.
That's been a thing for a very long time, mainstay of the IRS. You plead your case in their courts with their judges appointed by them. This however jumped awareness way beyond "tax incidents" -
https://www.businessinsider.com/trudeau-canada-freeze-bank-accounts-freedom-convoy-truckers-2022-2?op=1
Confiscation occurs especially when the origin is indeterminate. That is most likely why drug dealers donât use banks, unless the biggest drug dealer, our own government puts it there with a complicit bank.
A man walks into a bank.
The bank teller pulls a gun and says, "Stick em up pal, this is a robery.".
The man: "But, you already have all of my money.".
Are banks really not the one understanding the concept of a private company and/or citizen?
In his place, I'd request a full and detailed copy of the banks operating budget figures and spending projections for the current financial year. Maybe they are getting scammed also?
Get your cash out of the banks now. The writing is on the wall everywhere! Leave enough to cover your bills like mortgage and those bills you pay thru a direct deposit. Make sure you keep on top of your bills! Convert savings to gold or silver. Thatâs your insurance for the coming recession. Consider putting aside bartering goods. This includes: Sugar. Salt. Coffee. Chocolate. Tea. Alcohol. Fire food. Candles. Soap. Toilet Paper. Nappies and Sanitary Products.
Add tobacco to that list of bartering items. Some find it impossible to go without their nicotine fix.
Of course!! I was racking my brain trying to think of others. Tobacco would be a huge bartering item.
"...because I was thinking about getting a lawyer to sue your ass for banking fraud, now are you gonna pony up the dough, or am I gonna get an even bigger payout next time I'm in here?"
It happened to me with Bank of America and I left them.
Yeap. Nazis
Hitler eliminated interest on bank loans though.
Bank of Italy, it was originally
Of course, the land of the gansters.
Hookers and blow.
I was purchasing a property and needed a cashiers check for 58k. Before the teller would process it, she called some corporate person who proceeded to question me about what exactly the funds were for. It was as if a wrong answer may have prevented me from getting the check. The funny thing was that this person on the other line was annoyed and acted like I was inconveniencing them. This was in the US about 4 years ago.
We had a lot of cases where crims strong-armed vulnerable folk to go to the bank and pull out cash, which was then robbed from them. Some of the reason for the nosy questions is to try and identify if this is happening. Although I think it's equally likely to be a control measure.
I pulled 30k out of my credit union and they didn't ask anything. Just verified my id and that was that. Had my funds the next day.
Not sure what went on behind the scenes but no questions about what I was doing with it.
I always say âIâm thinking of buying a boatâ after the third or fourth time they stopped asking. I moved everything to a credit union and I feel a much nicer relationship with the people there.
Yes, a boat to store all my guns in.
Australia.
Branch = Commonwealth Bank =
https://www.commbank.com.au/digital/locate-us/ (only in Australia, no other countries)
Hookers, blow and everclear. I will squander whats left over
The dollar being used belongs to the FED, not the user.
RTFM
What is happening now is the attempted correction of unwanted behavior.
But someone told me there was no stopping what is coming.
If you still want the safety of a bank vault, then get your cash out and quietly place it in a safety deposit box in that bank or another. Or multiple. The bank doesnât know whatâs in those. And most people donât use them for cash. It could be your severed mouse head collection for all they know. Itâs usually a monthly or yearly charge, itâs very low. Your money wonât âworkâ for you...but thatâs the choice.
And even when the collapse happens. Banks will still be open, and you can just access your safety deposit box for your âtitlesâ..like ones for cars, boats, atvâs, etc. Or some family heirlooms like rings and such. I mean...what idiot puts cash in those, hahaha.......đ
đđ
Yeah if SHTF it may be down, as will many things. I doubt money would have much value at that point anyways. Iâm more or less talking about when the banking system goes belly up. If people lose or even temporarily lose access to their cash. At that point the banks will still be open, and thatâs when you clean out your deposit box. In the meantime you have the best safe in town, outside your âother placesâ, to keep the biggest cache. But as weâve discussed, there is a point when it must be removed. And unless your box is located inside like a mall bank or something, should be accessible.
That is exactly what is happening in countries like Cuba, Venezuela and Nicaragua.
The guy sounds Australian, where is this?
Australian bank. U.S. website gives an address on Lexington Ave. in NYC near where I once worked that does not match the picture. Looks like the signage is mostly in Chinese. Don't remember anything like that when I was in the neighborhood.
Defins an aussie, been making the rounds in aussie networks for a bit. Problem is its been a thing for a while here for certain amounts. Pretty sure you gotta pre book if you want 10k đ
They have been doing this for years. Itâs a fed thing, i think. a family member had this happen. said he was going to make sweet love to his wife on a pile of cash. life long fantasy.
Yikes. I'm assuming this is OZ/NZ?
He's lucky, thousands of Chinese citizens can't even enter their banks and ask why they can't get their cash right now.
Its been going on for more than a decade or so... I used to bank with BofA but back in about 2008 I deposited a check for $2000 and was asked where the money came from... I told her it was none of her business. She said she couldn't deposit the check. I took it back and used it to open an account at my local credit union and then closed my BofA account.
But I still only use the ATM there when depositing larger checks.
This is how it begins. Yes.