The United States Senate has put forth a bill which places all of your assets at risk. The government is expanding the ‘fight against terrorism’ by allowing private corporations to monitor your financial activity and if you slip up on one form, the government could seize all of your financial properties.
The bill is a tyrannical attempt to allow corporate oversight into your bank account; “If the bill becomes law, Americans would be subject to a whole host of government intrusions. One little slip-up would open a Pandora’s box of governmental inquiry into your financial life,” says Peter Reagan, a financial-market strategist at Birch Gold Group. “For example, failing to complete a single reporting form would result in the government being granted abilities to freeze and seize not just a portion, but the entirety, of your assets. The bill even goes so far as to include the contents of safety-deposit boxes.”
The bill was put forth by; Sens. Chuck Grassley, R-Iowa, Dianne Feinstein, D-Calif., John Cornyn, R-Texas, and Sheldon Whitehouse, D-R.I, and can be seen below. (If the pdf doesn’t display please click download.)
“The war on cash and financial autonomy has been underway for some time,” says Reagan. “But this bill would solidify a serious loss of freedom we’ve been fearing for years.”
The bill empowers literally any corporation with government connections, access to your financial assets, including Bitcoin and so-called “crypto-currencies.”
Submerged in a sea of legalese, the core motives of this new bill are to:
- Expand governmental power for “Civil Asset Forfeiture.”
- Force private corporations to more closely monitor your private financial activity.
- Legalize government monitoring if you engage in a plethora of “suspicious” activities — even if it’s on accident.
Also, according to Nathan Reiff of Investopedia; “The bill would require the Secretary of Homeland Security to work with the Commissioner of U.S. Customs and Border Protection in order to put forward a “border protection strategy to interdict and detect prepaid access devices, digital currencies, or other similar instruments, at border crossings and other ports of entry for the United States.”
The bill is crafted to appear as though it will be used to fight ‘terrorism,’ however, upon a closer look, this bill gives the government’s power to corporations. There is one bright side, as of this moment, according to Peter Reagan from Newsmax, precious-metals holdings are not covered under the required declarations. Most other ‘monetary instruments’ would be locked down tight.