Thursday, June 15, 2017
Congress goes after Bitcoin
The new bill that was introduced on the floor of the US Senate entitled,
“Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017.”
It basically says everything they cannot control is EVIL.
Cash is Evil
Bitcoin/Crypto is Evil
Prepaid Phones are Evil
Gift Cards/Vouchers/
Coupons are Evil
Among the bill’s sweeping
provisions, the government aims to greatly extend its authority to seize
your assets through “Civil Asset Forfeiture”.
Civil Asset Forfeiture rules allow the government to take whatever they want from you, without a trial or any due process.
This new bill adds a laundry list of offenses for which they can
legally seize your assets… all of which pertain to money laundering and
other financial crimes.
Here’s the thing, though: they’ve also vastly expanded on the
definition of such ‘financial crimes’, including failure to fill out a
form if you happen to be transporting more than $10,000 worth of
‘monetary instruments’.
Have too much cash? You’d better tell the government.
If not, they’re authorizing themselves in this bill to seize not just
the money you didn’t report, but ALL of your assets and bank accounts.
They even go so far as to specifically name “safety deposit boxes”
among the various assets that they can seize if you don’t fill out the
form.
Basically, anyone with $10,000 in cash automatically becomes a criminal drug lord.
CALL YOUR CONGRESS MEN AND SENATORS TO TELL THEM TO NOT SIGN THIS EMAIL WORKS ASWELL
https://www.congress.gov/bill/115th-congress/senate-bill/1241/text#toc-idea0e9489fc8f46379f95bb56c8bbbda5
Oh, and on top of civil asset forfeiture penalties, there are also criminal penalties.
Right now according to current law they can imprison you for up to FIVE YEARS for not filling out the form. Five years.
But apparently that doesn’t go far enough so this bill aims to double the criminal penalty to TEN years in prison.
Further, their bill wants to pull any business which “issues”
cryptocurrency under the anti-money laundering regulatory umbrella.
Here’s where these people demonstrate that they have no idea what they’re talking about. No one “issues” Bitcoin. There’s no Bitcoin central bank. There’s no
Chairman of Bitcoin who decides on a whim to increase the supply.
Bitcoin is created automatically amounts that are predetermined by its code. It’s software.
So the Senate is essentially trying to force the Bitcoin core software to comply with money laundering regulations.The bill also attempts to drop a major bomb on Bitcoin by including
it in the list of monetary instruments that must be reported when
entering or leaving the US. Congress is acting on the premise that You can't trust money when it's not under THEIR control...
Virginia Gov. Terry McAuliffe is Clueless
Democrat Virginia Gov. Terry McAuliffe wasted no time trying to push his gun control agrnda on Wednesday told reporters at a
press conference that the United States loses “93 million Americans a
day to gun violence.”
Being completely clueless and totally out of touch with reality McAuliffe said, “This is not what today is about, but there are too many guns in the hands of citizens on the street.”
Speaking to reporters, he said, “We lose 93 million Americans a day
to gun violence. I’ve long talked about this. Background checks,
shutting down gun show loopholes. The entire United States of America's population is around 325 million. So, if, according to Democratic Virginia Gov. Terry McAuliffe America is losing 93 million Americans a day.... Well lets just agree that Democrat Virginia Gov. Terry McAuliffe is simply parroting the Democrat party line. Which, is the overthrow of the 2nd Amendment and the United States Constitution.
It's funny how you never here an Anti-Constitutionalists say that the police have to many guns, that their private security details have to many guns, that the Feds have to many guns. It's not that Democrats and the far-left hate guns, they just hate guns that are not under THEIR control.
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