Wednesday, October 23, 2013

How to Take Your Money Out Of The Bank Without Going To Prison

You could find yourself in this crowd
if you don't act soon
Dave Hodges
Activist Post

The banking industry is in absolute chaos as their criminality is being exposed for the entire world to see.

It is now widely known that the derivatives debt is over $1 quadrillion dollars and some of the rank and file in this country are concerned that their bank accounts, 401Ks, IRAs and pensions will be confiscated by desperate, tier two bankers, who are forestalling the inevitable currency collapse by stealing your money.

The time to have taken your money out of the bank was yesterday. There is very little time before the IMF’s plan to steal 10%, for starters, of all bank accounts in Europe. JPMorgan Chase is banning wire transfers from their bank to foreign banks to prevent American capital flight, which will surely happen as America wakes up to the desperate situation that the banks are in. The bank is also prohibiting any cash withdrawals of $50,000 or more. This past Friday, HSBC (America) followed suit. It is highly likely that all 5 megabanks will enact the same policies in the near future.

Although most Americans are free to leave the country, it is becoming exceedingly difficult for Americans to take their money with them. Preparing for expatriation is a daunting task and I do not believe that most of us have the time or the ability to get our assets out of the country as well as make detailed plans and implement those plans in advance of the coming crash as we attempt to leave the country. Therefore, most of us are going to be forced to adopt an adaptation strategy.

With all that is available to read on this topic, it is mind boggling regarding how few people are preparing to act to preserve what assets they have remaining by removing their money from the bank. Because you have put your money in the bank, you no longer own your money. Taking what was your money out of the bank is no longer a matter of walking up to your friendly teller with a withdrawal slip and the teller cheerfully honors your request and you calmly exit the bank with your money in tow. In fact, your teller is trained to look for certain indicators in any cash withdrawal of any significance.



As you move to withdraw the bulk of your money, there are three federal banking laws that you should be cognizant of:  Cash Transaction Report (CTR), a Suspicious Activity Report (SAR) and structuring.

CTRs

Federal law requires that the bank file a report based upon any withdrawal or deposit of $10,000 or more on any single given day.The law was designed to put a damper on money laundering, sophisticated counterfeiting and other federal crimes.

To remain in compliance with the law, financial institutions must obtain personal identification, information about the transaction and the social security number of the person conducting the transaction.

Technically, there is no federal law prohibiting the use of large amounts of cash. However, a CTR must be filed in ALL cases of cash transaction regardless of the reason underlying the transaction.

Before proceeding with the planed withdrawal of your money, I would strongly suggest that you read the following federal guidelines as it relates to CTRs as produced by the The Financial Crimes Enforcement Network (FinCEN). All the federal regulations contained in this article are elucidated in this series of federal reports.

Structuring and SAR

There will undoubtedly be some geniuses whose math ability will tell them that all they have to do is to withdraw $9,999.99 and the bank and its protector, the federal government, will be none the wiser. It is not quite that simple. Here are a few examples of structuring violations that one should be aware of:

1. Joe has obtained $15,000 in cash from selling his truck. He knows that if he deposits $15,000 in cash, his financial institution will be required to file a CTR. Instead he deposits $7,500 in cash in the morning with one financial institution employee and comes back to the financial institution later in the day to another employee to deposit the remaining $7,500, hoping to evade the CTR reporting requirement. Joe should have used multiple accounts to conduct this transaction.

2. Sally needs $16,000 in cash to pay for supplies for her arts and crafts business. Sally cashes an $8,000 personal check at a financial institution on a Monday. She subsequently cashes another $8,000 personal check at the bank the following day. Sally is careful to have cashed the two checks on different days and structured the transactions in an attempt to evade the CTR reporting requirement. Sally should have made irregular deposits on staggered days.

3. A married couple, John and Jane, sell a vehicle for $12,000 in cash. To evade the CTR reporting requirement, John and Jane structure their transactions using different accounts. John deposits $8,000 of that money into his and Jane’s joint account in the morning. Later that day, Jane deposits $1,500 into the joint account, then $2,500 into her sister’s account, which is later transferred to John and Jane’s joint account at the same bank. Again, John and Jane should have used multiple banks.

The aggregate total of the three transactions totals more than the $10,000 threshold, therefore, a SAR would be filed by the bank and you would be the subject of a federal investigation as all three of the above cases clearly violate the federal banking laws related to structuring. It is a federal crime to break up transactions into smaller amounts for the purpose of evading the CTR reporting requirement. In these instances, the bank is required to file a SAR which serves to notify the federal government of an individual’s attempt to structure deposits or withdrawals by circumventing the $10,000 reporting requirement.

Structuring transactions to prevent a CTR from being reported can result in imprisonment for not more than five years and/or a fine of up to $250,000. If structuring involves more than $100,000 in a twelve month period or is performed while violating another law of the federal government, the penalty is doubled.

Enforcement

Much like the enforcement of our tax laws, the federal government’s enforcement of its banking laws as it relates to CTRs, SARs and subsequent structuring is quite draconian. Civilian asset forfeiture laws come into play. The government can seize your bank accounts while it determines if a crime has been committed. The government can literally seize your assets in perpetuity without an order of the court. Of course, you could try and sue but you will be up against the deep pockets of the federal government and the case could take years. By the time your case is decided, the financial banking crisis that you are so desperately trying to avoid by withdrawing your money, could be over. So, proceed with caution.

Withdrawing Your Money From the Bank

The best way to avoid getting your money caught in the bank in the midst of a bank run would be to not let the lion’s share of your money ever cross the bank. The simplest way to accomplish this is to prevent any form of deposit from going automatically into your account, as much as it is possible.

Secondly, you need to begin to pay cash for everything. Let’s say that every 30 days, Bob cashes his check at the bank from his work worth $5,000 net pay. Bob leaves just enough in the bank to be able to conduct normal banking business. Bob walks out of the bank every month with the majority of the cash from his check. Bob should begin to pay cash for as much as he can, such as eating out, paying the electric bill (pay the bill in person), buying groceries, etc. When it becomes necessary to make a “big ticket” purchase, Bob could temporarily leave more in the bank to cover the writing of a check.

You would also be wise to open multiple banking accounts ranging from the big five megabanks to your local credit unions. You could withdraw much smaller amounts until the sum total of your accounts is greatly diminished and is in your possession. To open the accounts, simply write a personal check from your home bank. Of course, in these cases, the bank could hold the check for 15-30 days.

I cannot promise you that if you become the target of federal investigators, that you will not have your every financial move scrutinized and the feds will eventually discover the aggregate patterns of withdrawal. People who I interviewed told me that they believe that the federal government is in the process of getting the banking computers to “talk” to each other in a way that would reveal structuring, but that technology is not yet online.

If you ever become the target of a federal investigation, do not under any circumstances allow yourself to be interviewed by federal officials without an attorney present. In many cases, people go to jail and pay huge fines, not because they have committed a federal crime, but because federal officials state that they have lied or misled them. And if you do not have an attorney present, it is your word versus the federal government.

Conclusion

In an upside-down world in which the banks legally own your money, getting your money away from these criminal banks has become an art form. I cannot promise you that you will be able to retrieve all of your assets; however, I can promise you that if you do not act, you will lose everything. Today and tomorrow (10/23 and 10/24) FEMA and DHS are engaged in part two of simulating a cyber terrorist attack upon the banking system. One thousand banks and all 50 governors are involved in this test. I would strongly suggest that you keep your gas tank filled and you have plenty of cash, food and ammunition on hand. I am not predicting a problem with this test, but it is better to be safe than sorry.

Grid Ex II, November 13-14

Although personally, I think we have some time to prepare before the currency is collapsed, the dates which have me most concerned are November 13th and 14th which are the dates coinciding with Grid Ex II in which a simulated continental power grid failure will be rehearsed. This opens a whole can of worms. For example, once you have the bulk of your money out of the bank, what should you replace the cash with? What should you be buying in anticipation of the currency collapse which is looming? These topics and more will be the subject of the next article.

Dave is an award winning psychology, statistics and research professor, a college basketball coach, a mental health counselor, a political activist and writer who has published dozens of editorials and articles in several publications such as Freedoms Phoenix, News With Views and The Arizona Republic.

The Common Sense Show features a wide variety of important topics that range from the loss of constitutional liberties, to the subsequent implementation of a police state under world governance, to exploring the limits of human potential. The primary purpose of The Common Sense Show is to provide Americans with the tools necessary to reclaim both our individual and national sovereignty.




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22 comments:

Anonymous said...

To take out money out of the bank you need some first.

DavidGordon said...

Dave - curious. Why not just use your debit card or check to make purchases in a normal way?

Anonymous said...

I think it's worse than this. I tried converting a mere Euro 60 to £sterling in London, England, and the cashier wanted to know my name and address, which I refused to give. She said nothing and I was able to do the transaction, but I think you can see how officious and nosy Governments are. The problem is, of course, that the Government (with the elite behind the scenes doing the ordering) has become the master instead of the servant.

Anonymous said...

My only problem with this article:

"The government can literally seize your assets in perpetuity without an order of the court. Of course, you could try and sue but you will be up against the deep pockets of the federal government and the case could take years."

The federal gov does not produce anything and does NOT have ANY MONEY!!!!

Screw Em!! Remember the guy in Austin, TX that flew his plane into an IRS Building? I was working about two blocks away at the time and decided to call it a Day after that and hit the lake with some buddies and chicks for brews and some sun. Cops didn't want to let me out of MY Building's parking lot. I told them they can f*** off and alot more stuff like this will be happening if they continue to harass LEGAL CITIZENS in this manner. Head Pig of that outfit came over and asked me if it was convenient for me to wait until they conducted their investigation. I asked him point-blank; "Am I Being Detained?" He said No. I said, "Well then, I don't have time for you and you can shove your taser up your arse sideways."

As he stepped aside to let me go I smiled and said, "See cop, you are an empty uniform. No Power other than being a d**k and being in that uniform. Feel like a Big Man? Fighting the good fight? They teach you that with your criminal justice, "Degree?"" He just looked at the ground. I was only 22 and he was nearing 50. I won.

Screw the Government!! I Have No King Over Me But God!

Anonymous said...

This "oh, so serious" government attempt to extort money in whatever way it can from workers reminds me of a story an extremely sharp, old timer doc in my area told me regarding an IRS audit he was subjected to:

Agent: "Do you ever barter?"

Doc: Rubbing his head and looking stupid, said, "Barter?"

Agent: "Yes, you know, do you ever, say, accept a bushel of potatoes in exchange for your services?"

Doc: "Oh, I see. If I get potatoes, you want your share of those potatoes."

Agent: "No, we want money for our share of those potatoes."

Doc: "Look, if I get Gd potatoes, then you get Gd potatoes, too."

End of questioning along those lines.

Dave, your points are solid. It is a shame when, we the people, have to engage in defensive maneuvers to protect ourselves from the treachery of those who eat from the trough that we have built and kept stocked with our own blood, sweat and tears.

Anonymous said...

There is a slight problem with your final suggestion about using cash for every transaction. When inflation hits the value of the dollar in your pocket that cash will be worthless. Have a look at Germany when hyper inflation hit there during the inter war years or better still have a look at Zimbabwe recently. Hyper inflation will leave the cash in your wallet about as worthless as toilet paper. How are you going to fix the problem caused by your Government (yes they are to blame you can't owe the rest of the world TRILLIONS of dollars without some repercussions). I don't know that is up to you. Eventually the truth will sink into the majority that America is a basket case and you have brought it upon yourself.

Anonymous said...

If you still have money in any bank you have to be brain dead.....

Anonymous said...

Thats encouraging!!!! (for now)

brad said...

Really, the only realistic option is to somehow abandon/replace THEIR system with one they do not control. The ideal may be to stop tax withdrawals and nobody pay on Apr 15. Let them buy war toys and drones, subsidize Moronsanto and Goldman Sachs with their own corporate (ha-ha) taxes.

Anonymous said...

Loathsome fucking scum is all I can say about the banks and their lapdogs at the federal (feral) government.

Anonymous said...

Dave, Your article of 10-23-13 will not copy to an email form. Tried several times. Transmitting by email has become, if not regular or at this point even frequent, but often enough impossible (the email held in outbox) while other emails go. It always seems to me that the ones held are of a particularly sensitive nature. I know nothing about the working of computers. Is what I suspect possible? . .

Anonymous said...

The easy way is to write a check or use debit card to buy gold or silver for any funds you don't need right away. After check clears you pick up your gold and/or silver and then have real money. You can sell at Jewelry or coin shops when you need to with no paper trail. Some dealers require ID. Choose one that doesn't.

Anonymous said...

People need to actually read what the laws say about CTRs. And before reading any law, federal or state, they need to read the legal definitions given to common English words but that have opposite meaning in legal la-la land. E.g., go to 26 USC 7701 and read the legal definitions in the tax laws. Do you think you know where the United States is actually located? Wrong, look it up!. Do you think a person is a human? Wrong, look it up!. Know what a 'trade or business'? Wrong, look it up. Then, after you find out where the United States actually is geographically, look up the CTR statutes in 31 USC and you will find that no CTR is to be filed if the entire transaction takes place outside of the United States (as it is defined in federal law). Banks routinely file legally false CTRs which is a federal crime.

The prophet Hosea got it right: "My people perish for want of knowledge". With the internet there is no excuse to perish for want of knowledge. Look it up!

Anonymous said...

I receive one check a month and it is deposited into bank. Instead of depositing can I just cash and stash and use money in account to pay bills? This will draw down account until enough is left just to clear monthly check. This could take maybe ten months. The cash on hand can be locked into a personal fireproof safe.

Anonymous said...

I work for a financial institution and it is worse than this. Unfortunately, you have sugar-coated this, they are looking at much smaller amounts. And I personally fear for myself. :(

DeeSeeEs said...

JPMorgan Chase is not banning wire transfers all together. This article is a bit misleading.
For clearer info:
http://www.forbes.com/sites/halahtouryalai/2013/10/17/no-jpm-isnt-banning-international-wire-transfers-no-limits-on-withdrawals-either/

David said...

Honestly, I prefer to just keep large transactions at over $10K...since banks and the government are looking at smaller amounts already. The bank will turn over everything about you to the government if it asks, so why take the risk of prosecution?

JaimeInTexas said...

Is there a threshold on account balances that makes taking out cash a must, outside having that stash for the more common emergency? Would a ceiling on cash withdrawal entail a limit on electronic transactions to pay creditors for goods and/or services?

Anonymous said...

If you think about it, this is why all of the companies that you and I work for is going to direct deposit. You have no money and either do they. It is just a paper exchange. Nothing is worth nothing. Now how do you fix that??

Anonymous said...

The person who said the info about Chase was erroneous must not have received the notice. I have been a member of that bank for MANY years, and i received the notice a couple of weeks ago that said exactly what Dave claimed it did. The only caveat about wire transfers were: 1) you can make wire transfers within the U.S., and 2) you can RECEIVE international wire transfers, but you cannot send money out of the country. Why the heck would they allow money in, but not out, if they were not planning some nefarious attack on their own people's wealth? Scary stuff. But my trust is in the LORD, not FEDs, and certainly not banksters. It's probably time to buy some junk silver...

Anonymous said...

Would moving your cash into a trading account, (not an IRA), like Interactive Brokers and place it foreign currency ETFs be a safe move?

Anonymous said...

Dear Dave: My question is so what if you deposit / or withdraw 10,000 what does filing the CTR do. In other words what is the detriment and or benefit of either, are they going to come after me?
Thanks for your response I hope.

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