Feds Urge Banks to Call Cops on Customers Who Withdraw $5,000 or More

The Justice Department is ordering bank employees to consider calling the cops on customers who withdraw $5,000 dollars or more, a chilling example of how the war on cash is intensifying.

Banks are already required to file ‘suspicious activity reports’ on their customers, with threats of fines and even jail time for directors if financial institutions don’t meet quotas.

But as investor and financial blogger Simon Black points out, last week, “A senior official from the Justice Department spoke to a group of bankers about the need for them to rat out their customers to the police.”

Assistant attorney general Leslie Caldwell gave a speech in which he urged banks to “alert law enforcement authorities about the problem” so that police can “seize the funds” or at least “initiate an investigation”.

As Black highlights, according to the handbook for the Federal Financial Institution Examination Council, such suspicious activity includes, “Transactions conducted or attempted by, at, or through the bank (or an affiliate) and aggregating $5,000 or more…”

Black provides a chilling scenario under which an attempt to withdraw your own money from your bank account could end with a home visit from the cops.

“As you pull into your driveway later there’s an unexpected surprise waiting for you: two police officers would like to have a word with you about your intended withdrawal earlier,” writes Black, who accuses banks of already operating as “unpaid government spies”.

“Do you need to withdraw cash to purchase a used car from a private seller? Or perhaps you are pulling out some emergency cash for a loved one,” writes Mac Slavo.

“Either one of these activities are now considered suspicious and if your cash withdrawal amounts to even a few thousand dollars your bank teller is under a legal requirement to alert officials about your suspected criminal activity. And before you argue that you can’t possibly be a suspect because you have done nothing wrong, consider that even being suspected of being a suspect is now enough to land you on a terrorist watchlist in America.”

The war on cash is intensifying as authorities attempt to crack down on one of the few remaining modes of anonymity.

The power and danger of complexity and secrecy

3/9/2015 – Corporations and the wealthy use complexity and secrecy combined to operate under the radar. This is a big deal– an approach and system that was a real shock to me. Imagine– a bank with thousands of subsidiary operations. I’m not talking about branch outlets for the public. I’m talking about subsidiaries created to hide what is being done by whom and what.

That is the current state of capitalism. It is designed for evading, skirting and totally breaking the law and avoiding paying taxes and externality costs. it is a system that should not exist.

Chris Taggart, of Opencorporates.com, presenting at personaldemocracyforum.com, gave a talk describing how complexity and secrecy are used by corporations. He said, “this complexity is really great if you want to avoid detection, if you don’t want to be supervised, if you don’t want people to know what you are doing. One of the groups that really loves this is criminals…. it also provides powerful incentives to do bad behavior.”

Taggart says, “The complexity of these things is absolutely mind-blowing. Lehman brothers, just before it went to the wall, it’s last filings with SEC filing had something like 300 subsidiaries in its filing disclosed. But the bank of international settlements subsequently did an audit of it and found 2985 legal entities… ”

The opencorporates.com site is a powerful tool. I don’t expect most readers to dive in and build something with their API (application programming interface– Opednews using numerous APIs in different parts of the custom designed Populum content management system.) But my hope is that when you see the name of a big company, you start thinking of it as a web or network of hundreds, if not thousands of veiled subsidiaries operating with multiple levels of complexity and secrecy.

Think about how these companies and their billionaire owners are doing all they can to sabotage, weaken and hamstring government watchdog organizations so as to prevent them from even tracking their existence. This is the current state of capitalism. Many say that there is no alternative better than capitalism. I would argue that there are many different manifestations and kinds of capitalism. it is possible to create models that require openness, transparency and simplicity. We need to start electing and supporting people who walk the talk. (Obama gave the talk but has not walked it.)

….Imagine an organism with two eyes. Now imagine an massive organism with sensors that reach out, like cilia, or moth antennae, sensing in thousands of ways from thousands of miles away, sensing almost every manifestation of your being. That’s what is possible with all of these subsidiaries– and you can be sure that agencies like the CIA and other intelligence and homeland security operations use the same strategies, setting up corporations and then subsidiaries of them to work in ways that they want to keep hidden….

By Rob Kall – OpEdNews.com –

ROLLING STONE : ROTHSCHILD CORRUPTION IS MAINSTREAM

Rolling Stone: “Conspiracy theorists of the world, believers in the hidden hands of the Rothschilds, the Masons and the Illuminati, we skeptics owe you an apology”.

You were right.

The players may be a little different, but your basic premise is correct: The world is a rigged game. We found this out in recent months, when a series of related corruption stories spilled out of the financial sector, suggesting the world’s largest banks may be fixing the prices of, well, just about everything….

You may have heard of the Libor scandal, in which at least three – and perhaps as many as 16 – of the name-brand too-big-to-fail banks have been manipulating global interest rates, in the process messing around with the prices of upward of $500 trillion (that’s trillion, with a “t”) worth of financial instruments. When that sprawling con burst into public view last year, it was easily the biggest financial scandal in history – MIT professor Andrew Lo even said it “dwarfs by orders of magnitude any financial scam in the history of markets.”

That was bad enough, but now Libor may have a twin brother. Word has leaked out that the London-based firm ICAP, the world’s largest broker of interest-rate swaps, is being investigated by American authorities for behavior that sounds eerily reminiscent of the Libor mess. Regulators are looking into whether or not a small group of brokers at ICAP may have worked with up to 15 of the world’s largest banks to manipulate ISDAfix, a benchmark number used around the world to calculate the prices of interest-rate swaps….

Interest-rate swaps are a tool used by big cities, major corporations and sovereign governments to manage their debt, and the scale of their use is almost unimaginably massive. It’s about a $379 trillion market, meaning that any manipulation would affect a pile of assets about 100 times the size of the United States federal budget.

It should surprise no one that among the players implicated in this scheme to fix the prices of interest-rate swaps are the same megabanks – including Barclays, UBS, Bank of America, JPMorgan Chase and the Royal Bank of Scotland – that serve on the Libor panel that sets global interest rates.

….In fact, in recent years many of these banks have already paid multimillion-dollar settlements for anti-competitive manipulation of one form or another (in addition to Libor, some were caught up in an anti-competitive scheme, detailed in Rolling Stone last year, to rig municipal-debt service auctions).

Though the jumble of financial acronyms sounds like gibberish to the layperson, the fact that there may now be price-fixing scandals involving both Libor and ISDAfix suggests a single, giant mushrooming conspiracy of collusion and price-fixing hovering under the ostensibly competitive veneer of Wall Street culture….

Why? Because Libor already affects the prices of interest-rate swaps, making this a manipulation-on-manipulation situation. If the allegations prove to be right, that will mean that swap customers have been paying for two different layers of price-fixing corruption.

If you can imagine paying 20 bucks for a crappy PB&J because some evil cabal of agribusiness companies colluded to fix the prices of both peanuts and peanut butter, you come close to grasping the lunacy of financial markets where both interest rates and interest-rate swaps are being manipulated at the same time, often by the same banks.

“It’s a double conspiracy,” says an amazed Michael Greenberger, a former director of the trading and markets division at the Commodity Futures Trading Commission and now a professor at the University of Maryland. “It’s the height of criminality.”

….although it’s not quite as widespread as Libor, ISDAfix is sufficiently power-jammed into the world financial infrastructure that any manipulation of the rate would be catastrophic – and a huge class of victims that could include everyone from state pensioners to big cities to wealthy investors in structured notes would have no idea they were being robbed.

“How is some municipality in Cleveland or wherever going to know if it’s getting ripped off?” asks Michael Masters of Masters Capital Management, a fund manager who has long been an advocate of greater transparency in the derivatives world. “The answer is, they won’t know.”

Worse still, the CFTC investigation apparently isn’t limited to possible manipulation of swap prices by monkeying around with ISDAfix. According to reports, the commission is also looking at whether or not employees at ICAP may have intentionally delayed publication of swap prices, which in theory could give someone (bankers, cough, cough) a chance to trade ahead of the information….

From Political Velcraft –

Does Money Make You Mean? (Testing…)

It’s amazing what a rigged game of Monopoly can reveal. In this entertaining but sobering talk, social psychologist Paul Piff shares his research into how people behave when they feel wealthy. (Hint: badly.)

But while the problem of inequality is a complex and daunting challenge, there’s good news too. (Filmed at TEDxMarin.)

By Paul Piff – TED Talk –

The American Church Has Some Big Problems

That the American Church has problems is no surprise. Critics of the Church, many of whom have never actually taken an active part, have hurled pot shots at the Church since its inception. Churches are led and comprised of sinful, fallen people. Accordingly, there will be imperfections, shortcomings, failures, etc. Name an institution managed by people that does not have the same pitfalls.

That said, the current Church in America not only has problems, it has BIG problems. I’m talking about problems that are so huge they threaten the very survival of not only the Church itself, but of our nation, as well.

During the Twentieth Century, liberalism pretty much killed America’s mainstream denominational churches; and legalism did the same thing to America’s fundamentalist conservative churches.

In mainstream denominational churches, the rejection of the veracity of the Scriptures, the repudiation of essential Biblical doctrines, and the reception of liberal social agendas sent people by the millions fleeing these fellowships. Virtually every mainline denomination has been losing membership for decades.

For example, it is one thing for the state to grovel before politically correct ideology and embrace such moral deviances as homosexual marriage. To begin with, the state has no rightful place in sanctioning, defining, or legislating marriage at all. Marriage was never a state matter. It is a sacred matter. Our Creator has already sanctioned and defined marriage. What the state does or doesn’t do is irrelevant. As with most issues involving faith, the best thing civil government can do is butt out. But for the Church to embrace homosexual marriage is another matter altogether. No Christian who has even a rudimentary understanding of the Biblical and Natural laws regarding marriage could maintain fellowship with a church or denomination that would surrender to the amoral machinations of a degraded society. And that is just one issue that has caused millions of believers to flee America’s mainline churches and denominations.

For fundamentalist conservative churches, legalism has had the same effect as liberalism among mainline churches: it has pretty much killed them. During the last half of the Twentieth Century, fundamentalist conservative churches exploded in growth. A few decades ago, the largest churches and Sunday Schools in America were fundamentalist. But, just as mainstream churches succumbed to liberalism, fundamentalist churches succumbed to legalism. As the Scripture notes, “the letter killeth,” and, indeed, it has pretty much destroyed America’s fundamentalist churches. In fact, as a movement, it HAS destroyed them.

Accordingly, going into the Twenty First Century, these two cancers were already major problems within the American Church. But the problems that have wormed their way into the Church during the first decade and a half of the Twenty First Century have grown in both intensity and pervasiveness to the point that only a miracle from Heaven can avert impending disaster.

Here are the major problems that are destroying the American Church:

By Chuck Baldwin – Chuck Baldwin Live –

Why We Got What We Got

“In politics, nothing happens by accident. If it happened, you can bet it was planned that way.” — Franklin Delano Roosevelt (Democrat) 32nd President of the USA: 1933 to 1945

“The government, which was designed for the people, has got into the hands of the bosses and their employers, the special interests. An invisible empire has been set up above the forms of democracy.” — Woodrow Wilson, (Progressive Movement Leader) 28th President of the USA: 1913 to 1921

“I am concerned for the security of our great Nation; not so much because of any threat from without, but because of the insidious forces working from within.” — Douglas MacArthur World War II American Five Star General

“I never would have agreed to the formulation of the Central Intelligence Agency back in forty-seven [1947], if I had known it would become the American Gestapo.” — Harry S. Truman, 33rd U.S. President: 1945 to 1953

“The liberties of a people never were, nor ever will be, secure, when the transactions of their rulers may be concealed from them.” — Patrick Henry, a Colonial era Patriot

“The individual is handicapped by coming face to face with a conspiracy so monstrous he cannot believe it exists.” — J. Edgar Hoover, Director of the FBI 1924 to 1972

“The real rulers of Washington are invisible and exercise power from behind the scenes.” — Felix Frankfurter, Supreme Court Justice 1939 to 1962

“Sarah, there’s a government inside the government and I don’t control it.” — Bill Clinton (Democrat) 42nd President of the USA: 1993 to 2001

“The age of nations must end. The governments of nations have decided to order their separate sovereignties into one government to which they will surrender their arms.” — U.N. World Constitution

“We shall have world government, whether or not we like it. The only question is whether World Government will be achieved by conquest or consent.” — James Paul Warburg, German-born American banker and financial adviser to President FDR

“A colossal event is upon us, the birth of a New World Order.” — Brent Scowcroft, George H.W. Bush’s National Security Adviser

“In this new world economy, national boundaries are increasingly becoming obsolete.” — Ronald Reagan (Republican) 40th President of the USA: 1981 to 1989

“The main purpose of the Council on Foreign Relations is promoting the disarmament of U.S. sovereignty and national independence and submergence into an all-powerful, one world government.” — Admiral Chester Ward, Judge Advocate General of the U.S. Navy, also a 20-year CFR member, who became its sharpest critic

Who controls money controls the world.

“NAFTA is a major stepping stone to the New World Order.” — Henry Kissinger, a Republican politico

“The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight-of-hand that was ever invented.” — Sir Josiah Stamp 1920, Director of the Bank of England

“The one aim of these financiers is world control by the creation of inextinguishable debts.” — Henry Ford, Industrialist and founder of the Ford Motor Company

“The only winner today is big business.” — Stonewall Jackson, supposedly said the day of concession to the North during the Civil War….

It would seem that President Barack Obama is being saddled with venomous blame for the current state of affairs in the Unites States of America. And, that the Democratic Party is being blamed for everything that’s gone wrong. If you remember, Mr. Obama said it was all Bush’s fault! Well, this writer is here to propose that what’s been going on has been in the works for much longer than we know, as the apparent quotations from men in history have spoken to and which, apparently, has been ignored. Shame on us! I guess that’s what we get when we follow pop stars and TV sitcoms as more important than dirty politics, political shenanigans and spoon-fed, controlled media propaganda.

First, let me confess that I’m a registered Independent voter, who believes in being an equal-opportunity-critic to address whatever I think doesn’t pass constitutional muster.

It is my opinion that the current Democratic Obama administration is just the follow through on what’s been put into place shortly after the Kennedy assassination and, even more dramatically, since that fateful day known as 9-11 (2001).

Furthermore, it is my contention that things ramped up several critical notches when President Reagan took a bullet and lived. During that ‘national emergency’, Vice-President George H.W. Bush took over for several hours, during which I think the screws not only were set in place, but tightened to torque capacities for the incoming Agenda 21 that was being worked on under the radar….

Catherine J. Frompovich – Activist Post –

History of Money and Usury in America

….[W]e are being taken for a ride, laboring for little or no return by a band of international criminals through our elected officials and educators. The process of how they pull this off keeping the vast majority in the dark as to how they do it requires us to learn some economics terminology. As a rule, this is a vapid study ; but by condensing the fundamentals of money creation, the entire subject can become understandable to anyone.

We could drive the moneychangers out of the temple now ; but
which school of thinking would we replace them with when they
are removed? Do we have a clear enough vision that would
enable us to institute an alternative that will work for the common
good? Attempts have been made to throw the moneychangers out
of the temple several times in American history ; but the
objectives were unobtainable without first considering that usury
is at the root of their power ; and consequently it has always
ended with the evil side winning. To win, it will be necessary to
be as strong-willed as Andrew Jackson was during the ‘Bank
Wars’ of the 1830s when he vetoed legislation to renew the
Second Bank of the United States. The assassination attempt on
his life was thwarted. But two other presidents whose
administrations denied the bankers their pound of flesh in usury
on money creations did not survive. So this battle with bankers over usury has always turned sanguinary. Educating a critical
mass of the population will be a necessary component in this
conflict ; so we must first learn all about the disease before
entering the struggle to implement the only correct cure.

Money and Usury….

Most money is created as interest bearing debt by banks and has
been for well over three hundred years. When the Federal Reserve Act was passed giving ownership of a new banking institution known as the Federal Reserve to a privately owned cartel of international bankers, Congress transferred its constitutional authority to create our money to this privately owned corporation. Proof that this authority belongs to Congress is presented further on in this paper. Several forms of money in use are as follows:

Coins are minted by the United States government. Our government pays no interest to anyone for Coins. They are stamped and dated at various US Mint locations and released into the currency stream at authorized Fed member banks, including credit unions that are also licensed to operate as banking functionaries. Coins make up an insignificant amount of the M1 money supply; and they are legal tender for all debts, public and private. [1]

Paper currency (presently Federal Reserve Notes) is also legal
tender. Paper currency has been around since Colonial times in
America. The Chinese printed paper currency during the 11th
century. Bank notes as paper currency were common during mid
19th century America. They were redeemable for specie (gold coin) at private banks. At various other times public paper currency has circulated under different names. Gold backed
paper currency was in use in America prior to and at the
beginning of the Federal Reserve until 1933 when FDR took
America off the gold standard. It was from then on no longer
possible for individual Americans to demand gold (specie) in
return for their paper currency.
But with all these technical distinctions that the various forms
money have taken on, it is imperative to understand that all of
them constitute the means by which people are able to rid
themselves of a primitive barter system. [2]

There is nothing inherently evil in using money as a medium of
exchange ; but the way in which money is presently created
guarantees that all people will continue to remain under high
finance’s debt oppression. The parasites of high finance have used one tool exclusively to feed their insatiable appetites for more and more money: it is usury in money creation. Money, to the parasites, has consequently become a fungible rather than what it simply should be: a medium of exchange. We shall explore this line of reasoning further in this essay.

Gold…

The purveyors of gold backed money (formerly called gold
brokers [3]) are still with us. Their hue and cry is forever against the use of unbacked paper currency. They call it fiat money. [4]

One web site where anyone can read their gold propaganda is at
www.lewrockwell.com . Active educators and elected
officials involved in this web site should be well known by all.
Two of them are Gary North and Ron Paul. Fiat money to these
two is a derogatory term. We should always be alert to their advertising devices. North’s twisting of the plain intent on usury that the Bible teaches leads unsophisticated Christians into believing false paradigms….

By Daniel S. Krynicki – Breaking All The Rules –

Bill Gates Pushes Cashless Society

Bill Gates is now promoting “digital currency” in third-world countries, which will make the poor even more dependent on central banks while also turning them into guinea pigs for the development of a “cashless society” in the U.S. and Europe.

Gates outlined his plan for a cashless society in a letter published Thursday in which he proposed the poor have better access to mobile phones so they can store their financial assets digitally instead of keeping hard currency at home.

“The key to this will be mobile phones,” he wrote. “Already, in the developing countries with the right regulatory framework, people are storing money digitally on their phones and using their phones to make purchases, as if they were debit cards.”

“By 2030, two billion people who don’t have a bank account today will be storing money and making payment with their phones.”

But this will only enslave the poor into an electronic monetary system they don’t control, allowing central banks and the government unparalleled ability to confiscate money at will through taxes and “bail-ins.”

For example, after Cyprus’s largest bank was sunk from exposure to debt-crippled Greece, the Cypriot government looted people’s bank accounts in 2013 as part of a “bail-in” program with the International Monetary Fund and the European Central Bank.

“If you can do this once, you can do it again,” financial analyst Lars Seier Christensen wrote, who called the “bail-in” full-blown socialism. “If you can confiscate 10% of a bank customer’s money, you can confiscate 25, 50 or even 100%.”

By Kit Daniels – Infowars –

The New York Federal Reserve Has Signaled the End of the Dollar Is Near

Ultimately, this article is written for individuals who are naive enough to believe that 2015 will look and feel like 2014. The banksters have positioned world events, both militarily and economically, to make 2015 a pivotal year in world history.

Goldman Sachs Leads the Charge to Armageddon

Twenty one months ago, in response to the undeniable Goldman Sachs chicanery with regard to the manipulation of the gold market, I wrote the following:

“However, the best predictor of the coming crash will coincide with the globalists cornering the majority of the gold market on this planet. After the globalists gain control of the gold, then we will witness a countdown to economic Armageddon in which all currencies will hyper-inflate prior to collapsing. Then humanity will be at the mercy of people who have no sense of decency and respect for life“.

I maintain that the international banking cabal, as represented by the actions of Goldman Sachs and the New York Fed, have gained control of the lion’s share of gold supply, thus rendering their dependence on hard currency (i.e. the Petrodollar and the Euro) to be irrelevant. Meanwhile, the rest of the planet is dependent on highly volatile fiat paper currencies.

If you understand the events related to these statements, along with their consequences, then you have already divested yourself from nearly all paper currencies and the Ponzi scheme driven stock market. To the fully awake and aware person, a bank is merely a landmark that you pass on your way to your final destination. If the catastrophic significance of these statements is not readily apparent, then please read on, the meaning will become crystal clear.

The Measure of Wealth Is Relative.

Before one can grasp what is happening to their collective wealth in this country, one must come to understand that all wealth is relative to what others own and control. For example, if everyone in the United States owns a dollar, then nobody is rich and nobody is poor. However, if you own a dollar and you can cause the dollar of your fellow Americans to significantly decline in value while your dollar maintains it value, then you control the Presidency, the Congress and are also the new owners of the Federal Reserve and its subsidiary financial organizations such as Goldman Sachs. In other words, wealth is relative. Wealth is not only built by acquiring assets, but relative wealth is also established by driving down the value of wealth of one’s competitors. These two strategies are simultaneously being employed by the banksters….

When the controllers of all central banks, the Bank of International Settlements, introduced credit swap derivatives into the futures market, the central banksters gobbled up this Ponzi scheme like an addict on crack cocaine. However, as the derivatives scheme failed, the resulting debt ($1.5 quadrillion dollars) was greater than the sum value of the entire planet ($80 trillion dollars). The bankers successfully transferred the debt to national governments in which the debt would be paid down with national fiat currencies. Since the central banksters know the fate of these currencies they have escaped to gold and real estate, thus leaving you and me holding the bag with our soon-to-be worthless petrodollars.

Conclusion

Are the American people helpless spectators in their planned economic demise? For most Americans that is true. The FDIC only has about 1.5% of the cash needed to insure the entire nation’s banks. The banks, if we are lucky only have about 10% of the cash that they claim they have on deposit (i.e. fractional reserve banking). Therefore, Americans could theoretically only gain access to about 10% of their money in the bank. However, no American will be compensated for the loss of their bank accounts and retirement funds. Remember the G20 resolution which stated that derivatives debt is first in line to be paid down in the event of a banking collapse. This means that American citizens will get nothing.

To the few that will heed these warnings and are subsequently motivated to act to soften the crash, there are some things that can be done by a very limited number of people if they act very quickly. This will be the subject of tomorrow’s article. Have a safe New Year.

By Dave Hodges – The Common Sense Show –