O.T. - Tips on living under US currency conrtols.I drove down to the bank at the bottom of the hill last week.
Its doors were closed, due to Wuhan, but the drive through was still open.
I had called to have them meet me at the door to let me in, but they said no.
The manager seemed away.
With the hundreds of thousands dollars deposited, shouldn’t I expect to be treated special?
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There has been much scuttlebutt going around that we may be forced into a digital currency soon.
Harvard University published a paper to do away with the hundred-dollar bill, probably the first step. IHMO, this is simply evil.
Therefor, I accumulate stacks US$50 bills rather than $100 bills.
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Anyway, I had not been to the bank in six months, partly due to the Wuhan shutdown.
I had 13 large checks stacked up, and some were about to expire, several had already expired.
I was also a little spoofed that a ‘Bank Holiday’ may be on the horizon and I should get some cash out while I still could.
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Actually we are under currency controls.
An US$10,000 movement requires the bank to file a treasury report.
Actually, it is quite difficult for me to move my money.
I try to keep it under US$5,000 to keep it under the radar.
Actually it is dangerous to do this, as you could be charged with ‘structuring’.
‘Structuring’ is when you make multiple transaction to accomplish an US$10,000 movement to avoid a treasury report. The fine for doing this is US$10,000 and ten years in prison.
The state does not consider avoiding currency controls as trivial as tearing down a statue of Gorge Washington.
Likewise is the fine for crossing a border with US$10,000 without permission from the treasury.
Actually, if you drive down the road with US$10,000 in your car, it can be confiscated, ‘Civil Asset Forfeiture’. To get it back, you have to prove that you have been involved in a crime, or prove that there is not an invisible pink elephant in the room.
This action, crime, is a fun slush fund for our sociopathic criminal police forces.
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I have mentioned before that it is difficult to me to move capital around.
It could take a year to engineer moving it from one place to another without alerting the Treasury.
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So I went to the bank’s drive-through window to make a deposit and ask for a wrapper of fifty dollar bills as the cash back portion. That is 100 fifty-dollar bills [$5,000] in a tight wrapper.
I expected them to make me jump through hoops, but it just came to me through the pneumatic tube.
Thankfully there were three stations in the drive through, I wanted to count the money to see if it was all there. But I loved that wrapper, it was so cool.
It was very difficult to count a hundred bills through that tight wrapper.
The bills trended to stick together, I tried several times.
I finally, sadly, gave up and removed them from the wrapper and counted out ten piles of ten bills on the dashboard.
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The reason that I am posting this, is to share a trick that I discovered.
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If you put the hundred bills in a neat stack, and fold them in half, lengthwise, they will go back into the wrapper.
You can save yourself a lot of trouble by doing this.
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The wrapper looks just as crisp and neat as before the bills were taken out.
I was so happy. The wrapper is currently under my pillow.
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Next month, I will make another deposit transaction and do this again.
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RJ