What I would like to see happen to all this absconded money going back to foreign countries is to have it suddenly become worthless, the millions they are holding in Somalia become toilet paper after a financial reset here with new asset backed dollars exchanged for the fiat dollars on a 1:1 basis to American citizens only.
If you REALLY want to see the Deep State panic... then issue a NEW U.S. Currency. Make it equivalent to the $Dollar, and give everyone in the U.S. and Internationally a 2-year time frame to exchange old $$$ for new money. Banks can electronically replace the money in accounts to the equivalent in new currency.
For example; after December 31, 2028... the old $Dollar is worthless as currency. You are holding paper. The State Department and Federal Reserve can assist with receiving old $$$ and replacing it with new cash equivalent, or replacing the paper $$$ with electronic deposit in new currency into an account.
Here is the rub. ANY $$$ cash or savings account from overseas, in excess of $100,000, will have to PROVE that the American $$$ are legitimate and that they were obtained through legitimate business, trade or other means. Present your evidence to the IRS showing that the money is legitimate if you want it replaced by new currency.
North Korea, for example, will be sitting on $Billions in counterfeit dollars... now all completely worthless. Chinese firms that own counterfeit dollars... worthless. American $$$ in Somalia... worthless. Politicians who have hidden money in off-shore bank accounts... worthless. Terrorist groups that own American $$$... worthless. Organized crime $$$... worthless. Drug Cartel money... worthless. Drug dealers in the U.S. sitting on suitcases full of $$$... worthless.
Any $$$ that can't be accounted for... cannot be swapped for the equivalent new replacement money. There will always be some international banks trying to do electronic swaps and fraud... but that may involve up to 20% of hidden money globally. Everyone else will realize that, as the final date approaches, their piles of illegal $$$ are worth nothing but paper. They can't swap them for new money, because they would have to prove how that money was obtained.
In the U.S., nothing will be disrupted. Businesses will continue as usual. However, every crook with a hidden Cayman Islands bank account, or Bahamas bank account, or hidden Swiss bank account, or Bahrain or London... will now have to figure out how to swap that for the new replacement currency. Crypto-currency... has to prove it's legitimate source before it can be converted to new U.S. currency.
The IRS and Federal Reserve could always throw those crooks and sell-out politicians a bone. Any $$$ that cannot be legitimately documented can be replaced at 10% on the $$$ with new money... but only up until 6-months before the end date for the old $$$. After July 1st that year, the deal expires.
This happened in India where the PM decreed that a specific note was going to outlawed and replaced with another denomination note. This was to accomplish exactly what you stated, weed out all the bad actors, fake currency notes, black money and criminally obtained money. It worked to an extent but it also caused a lot of pain to the general population due to how it was implemented.
It’s always that way. Fuck with the fraudsters and they fuck back. I remember when Prop 13 passed in California back in the late 70s where property taxes were capped. The bureaucracy became openly hostile to the citizens and blamed budget shortfalls due to decreased revenue. The scams and payoffs stayed unchanged but everything else took a haircut. Staff reductions slowed any bureaucratic process, except magically tax audits.
While a good thing for catching criminals, it is actually a little scary that you can't hide. That means the tracking, monitoring and surveillance systems are better than we know.
Im calling BS on that because my son and myself got into a disagreement about that very thing yesterday. He said Big Brither can track you from space with just your heartbeat. I say all you have to do is drive west in America, turn right on a deserted dirt road, and beging living like a hermit. Will the government come looking for you there if they dont know where you are? Hmm...prove me wrong. Peace out.
Your son is way wrong. He was talking through his hat, clearly unaware of the limitations of space surveillance. But one must be willing to time travel back into a 19th century mode of existence in order to disconnect from all the economic and communication webs we have. It will not be easy or sustainable. The thing that makes us human and capable of long-term survival is society.
"Do you think Walz knew or is he just an idiot"
I'll take YES for 500 Alex....
He knows.
He's getting his cut. That's why he is defending and hiding the Somalis crimes.
He gets 10%
Hell...Let's make this 'DOUBLE JEOPERDY' AND WE BE GOOD TO GOA!!!!!!!!
😁😁😁😁😁😁😁
All of the above!
What I would like to see happen to all this absconded money going back to foreign countries is to have it suddenly become worthless, the millions they are holding in Somalia become toilet paper after a financial reset here with new asset backed dollars exchanged for the fiat dollars on a 1:1 basis to American citizens only.
Someone else here suggested it already. I like that idea.
If you REALLY want to see the Deep State panic... then issue a NEW U.S. Currency. Make it equivalent to the $Dollar, and give everyone in the U.S. and Internationally a 2-year time frame to exchange old $$$ for new money. Banks can electronically replace the money in accounts to the equivalent in new currency.
For example; after December 31, 2028... the old $Dollar is worthless as currency. You are holding paper. The State Department and Federal Reserve can assist with receiving old $$$ and replacing it with new cash equivalent, or replacing the paper $$$ with electronic deposit in new currency into an account.
Here is the rub. ANY $$$ cash or savings account from overseas, in excess of $100,000, will have to PROVE that the American $$$ are legitimate and that they were obtained through legitimate business, trade or other means. Present your evidence to the IRS showing that the money is legitimate if you want it replaced by new currency.
North Korea, for example, will be sitting on $Billions in counterfeit dollars... now all completely worthless. Chinese firms that own counterfeit dollars... worthless. American $$$ in Somalia... worthless. Politicians who have hidden money in off-shore bank accounts... worthless. Terrorist groups that own American $$$... worthless. Organized crime $$$... worthless. Drug Cartel money... worthless. Drug dealers in the U.S. sitting on suitcases full of $$$... worthless.
Any $$$ that can't be accounted for... cannot be swapped for the equivalent new replacement money. There will always be some international banks trying to do electronic swaps and fraud... but that may involve up to 20% of hidden money globally. Everyone else will realize that, as the final date approaches, their piles of illegal $$$ are worth nothing but paper. They can't swap them for new money, because they would have to prove how that money was obtained.
In the U.S., nothing will be disrupted. Businesses will continue as usual. However, every crook with a hidden Cayman Islands bank account, or Bahamas bank account, or hidden Swiss bank account, or Bahrain or London... will now have to figure out how to swap that for the new replacement currency. Crypto-currency... has to prove it's legitimate source before it can be converted to new U.S. currency.
The IRS and Federal Reserve could always throw those crooks and sell-out politicians a bone. Any $$$ that cannot be legitimately documented can be replaced at 10% on the $$$ with new money... but only up until 6-months before the end date for the old $$$. After July 1st that year, the deal expires.
This happened in India where the PM decreed that a specific note was going to outlawed and replaced with another denomination note. This was to accomplish exactly what you stated, weed out all the bad actors, fake currency notes, black money and criminally obtained money. It worked to an extent but it also caused a lot of pain to the general population due to how it was implemented.
It’s always that way. Fuck with the fraudsters and they fuck back. I remember when Prop 13 passed in California back in the late 70s where property taxes were capped. The bureaucracy became openly hostile to the citizens and blamed budget shortfalls due to decreased revenue. The scams and payoffs stayed unchanged but everything else took a haircut. Staff reductions slowed any bureaucratic process, except magically tax audits.
Until you’ve done a systems migration with an Indian tech provider you have no idea how severely they can F things up
What a great suggestion. Can you tag Bessent? I think it's a great idea especially prove legitimize.
While a good thing for catching criminals, it is actually a little scary that you can't hide. That means the tracking, monitoring and surveillance systems are better than we know.
It is extremely scary. Like I said, you can run but you can't hide, not here.
I'm not sure how the geotracking can be accomplished, but I'm happy that the thieves are panicking.
Cell phones, cars, passports, and the numbers on the bills.
And the magnetic strips.
Oh that's right.
...."you can run, but you can't hide".....
Im calling BS on that because my son and myself got into a disagreement about that very thing yesterday. He said Big Brither can track you from space with just your heartbeat. I say all you have to do is drive west in America, turn right on a deserted dirt road, and beging living like a hermit. Will the government come looking for you there if they dont know where you are? Hmm...prove me wrong. Peace out.
Don't forget to take the sim card out of your phone, but keep it handy in case you get snakebit.
That's before they turn off your car.
People who drive those types of vehicles should be riding bikes or skateboards...
Skateboards don't do so well on dirt roads....
Can't go too far.
Your son is way wrong. He was talking through his hat, clearly unaware of the limitations of space surveillance. But one must be willing to time travel back into a 19th century mode of existence in order to disconnect from all the economic and communication webs we have. It will not be easy or sustainable. The thing that makes us human and capable of long-term survival is society.
Maybe TSA was tagging the suitcases?
Tim Waltz shits his pants…while saying “They can do that?”
Oh stink
Omar & Walz are still free!!!!!
They cannot run either. I'll bet.
Kenya has an account for someone special. Just in case. Let’s find it Scott!!
Our gays are the best gays! God bless this money maniac.
Amen
Where are the arrests
Don't know. Maybe they are being detained at ICE facilities?
How do you geotrack money?
Numbers and a strip.
Large denomination bills have a strip in them like your credit card that is trackable. But I am sure there are also eyes on target.
Yes, it goes from top to bottom.