{"id":9619,"date":"2024-12-04T09:48:38","date_gmt":"2024-12-04T16:48:38","guid":{"rendered":"https:\/\/jasonsblog.ddns.net\/?p=9619"},"modified":"2024-12-04T09:51:00","modified_gmt":"2024-12-04T16:51:00","slug":"bank-closures-reveal-vast-federal-surveillance-program","status":"publish","type":"post","link":"https:\/\/jasonsblog.ddns.net\/index.php\/2024\/12\/04\/bank-closures-reveal-vast-federal-surveillance-program\/","title":{"rendered":"Bank Closures Reveal Vast Federal Surveillance Program"},"content":{"rendered":"\n

Consequently, if you try to break up transactions to not trigger the $10,000 reporting threshold, that is a federal crime and you can be prosecuted (headline article at bottom). And remember that giving false information to a federal agent is perjury for which you can be prosecuted and jailed (use a lawyer with Feds). Furthermore, they’ve been adding and adding federal laws for decades, so if you run afoul of the federal government, they most likely can find something you violated at some point in time though no criminal intent ever existed. And I’m dealing with memory, but I believe our credit union representative said any bank transfers exceeding $6,000 per month have to be reported even if just between accounts. And I remember a law passed under Obama that gave the federal government more access to financial records, though I couldn’t pull the information up while searching. Basically, they use anti-money laundering (AML) and know your customer (KYC) laws as a premise to spy on your finances and take away your financial privacy, and it’s only going to get worse (and they steal from people with civil asset forfeiture<\/a> as well). And we’ve seen reports of special credit card codes for purchases, especially involving gun shops). And if they go the route of Central Bank Digital Currencies, they’ll have complete control and access to your finances with the ability to stop transactions, freeze your assets, or take your assets; which is their dream goal to be connected to a social credit score in regards to fighting the climate change hoax. A good strategy is to use a local credit union under state banking rules and avoid having all your eggs in a megacorp national bank. And even diversify your credit card account(s) as well, and utilize cash while you still can.<\/p>\n\n\n\n

https:\/\/ij.org\/bank-closure-federal-surveillance-program\/<\/a><\/p>\n\n\n

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By Robert Johnson<\/p>\n\n\n\n

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Imagine: You go to withdraw cash, but the ATM denies your request. When you check your app, it shows your accounts are frozen. Even your credit cards have stopped working. You have been financially cut off, without warning or explanation.<\/p>\n\n\n\n

This is called \u201cde-banking,\u201d and it\u2019s far more common than you might think.<\/p>\n\n\n\n

Thousands<\/a> of Americans have had their accounts closed with little warning or explanation. Why? In large part because of a massive federal surveillance program that few people even know exists.<\/p>\n\n\n\n

A Hidden Surveillance System with Real Consequences<\/strong><\/p>\n\n\n\n

Federal law requires<\/a> banks to monitor their customers and report any \u201csuspicious\u201d activity to law enforcement. If a customer\u2019s transactions trigger too many reports, they risk<\/a> having their accounts closed.<\/p>\n\n\n\n

Most Americans have no idea their financial accounts are being monitored. And that\u2019s by design. The same federal law that mandates this surveillance also prohibits<\/a> banks from telling customers about these reports. So an account closure is often the first visible sign that a person has been flagged by this hidden surveillance system.<\/p>\n\n\n\n

Bryan Delaney, a bar owner in New York City, learned this the hard way in 2023. His bank closed not only his business account, but also his personal checking and credit-card accounts, as well as those of his wife and business partner.<\/p>\n\n\n\n

The reason? As the New York Times reported<\/a>, the bank explained that it had closed the accounts because the bar regularly deposited cash in amounts under $10,000. Now, federal law requires that banks report cash transactions over-$10,000. And banks will also report repeated transactions under $10,000 as \u201csuspicious\u201d because they do not<\/em> trigger that reporting requirement. But Bryan wasn\u2019t trying to avoid any $10,000 reporting requirement; his bar\u2019s revenue simply happened to fall below that threshold.<\/p>\n\n\n\n

Bryan\u2019s experience shows what the feds deem \u201csuspicious\u201d has expanded over the years to become staggeringly broad. It now can include:<\/p>\n\n\n\n