Senate Bill will force citizens to register cash not held in a bank!

Violators to get 10 years in prison.

WASHINGTON (PNN) - June 16, 2017 - A new bill seeks to track your money and assets incessantly, will enjoin any business with government ties to act as a de facto arm of the Amerikan Gestapo Department of Homeland Security division, and would steal all your assets - including Bitcoin and other cryptocurrencies - should you fail to report funds when traveling with over $10,000. Under the guise of combating money laundering, Senate Bill 1241, “Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017,” ramps up regulation of digital currency and other autocratic financial controls in an attempt to ensure none of your assets can escape one of the State’s most nefarious, despised powers: civil asset forfeiture.

All of this under the farcically broad umbrella of fighting terrorism.

Civil forfeiture grants the government robbery writ large: your cash, property, and assets can be stolen completely without any due process, your guilt - frequently pertaining to drug “crimes” - matters not.

A court verdict of not guilty doesn’t even guarantee the return of State-thefted property.

In fact, the government can seize virtually whatever it wants if it so much as suspects some of your assets might have been acquired through or used in the commission of even lesser crimes.

For some time, a war on cash has been brewing behind the closed doors of government, and - although officials prefer to claim counterfeiting, terrorism and money laundering as the impetus for asset tracking - in actuality, physical currency facilitates black market and untaxed transactions, and, most imperatively to the Fascist Police States of Amerika, cannot be thefted under civil asset forfeiture laws as easily as money exchanged digitally.

Characterized as an effort “to improve the prohibitions on money laundering, and for other purposes,” the bill severely curtails the right to travel freely, without undue hindrance, as travelers with more than $10,000 in assets - including those held digitally, like Bitcoin - must file a report with the FPSA government.

Noncompliance with the tyrannical law - including failing to fill out the aforementioned form - would incur penalties befitting a fascist dictatorship: an individual could find the entirety of their assets seized, not just those unreported, and could be locked in a prison cage for up to ten years.

To be clear, the State wants to write a permission slip to seize all of your assets - bank accounts, including, specifically, “safety deposit boxes,” prepaid cards, gift cards, prepaid phones, prepaid coupons, cryptocurrencies, all of it - even for being remiss in reporting the money with which you are traveling.

Considering that your digital assets veritably follow wherever that travel takes you, a cryptocurrency portfolio would theoretically have to be reported each time you travel outside the confines of the FPSA.

Of course, the legislation in actuality just amends laws pertaining to assets and travel that are already considered dictatorial - right now, failure to fill out the form carries not just the penalty of seizure, but a sentence of up to five years behind bars.

If that wasn’t enough, this bill also gives the fascist government new authority to engage in surveillance and wiretapping (including phone, email, etc.) if it has even a hint of suspicion that you might be transporting excess monetary instruments.

Usually wiretapping authority is reserved for major crimes like kidnapping, human trafficking, felony fraud, etc.

Now we can add cash to that list.

It wouldn’t just be the government hawkishly surveilling your every transaction, as, essentially, all retailers would be roped into becoming State spies - any business selling gift or prepaid cards would be required to report those, too.

Worse - and in defiance of current structures pertaining to digital currency - the fascist government wishes to somehow require issuers of cryptocurrencies into its abhorrent, ostensive money-laundering terrorist pig thug cop spy ring.

According to the legislation, the Secretary of Homeland Security and the Commissioner of FPSA Customs and Border Protection must, within 18 months of the legislation’s passage, devise 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 Fascist Police States of Amerika, including an assessment of infrastructure needed to carry out the strategy.

The obligation would be to declare amounts in any form over $10,000 exists, irrespective of whether custom officials have a way of detecting such holdings. Since digital currencies technically travel with the holder [wherever] the holder goes, one would have to declare one’s entire crypto portfolio each time the holder entered the FPSA.

Travelers possessing assets, precious metals, and accounts in excess of $10,000 held outside the Fascist Police States of Amerika, however, would not be required to declare those to the government - perhaps leaving an albeit sketchy option for those wary of unscrupulous authorities.

While the government insists, “If you’ve got nothing to hide, you’ve got nothing to fear,” the Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017 proves you might not be able to hide anything from its greedy clutches - and if you try, you could wind up thrown in a cage for a decade, penniless upon release.

Welcome to Amerika, where your assets are literally the government’s business, and freedom is anything but free.