Prove You’re Not a Terrorist

By Jeff Thomas – Re-Blogged From http://www.Silver-Phoenix500.com

Recently, France decided to crack down on those people who make cash payments and withdrawals and who hold small bank accounts. The reason given was, not surprisingly, to “fight terrorism,” the handy catchall justification for any new restriction governments wish to impose on their citizens. French Finance Minister Michel Sapin stated at the time, “[T]errorism feeds on fraud, money laundering, and petty trafficking.”

And so, in future, people in France will not be allowed to make cash payments exceeding €1,000 (down from €3,000). Additionally, cash deposits and withdrawals totaling more than €10,000 per month will be reported to Tracfin—an anti-fraud and money laundering agency.

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Cash Is No Longer “King”… It’s a Criminal Suspect

By Clint Siegner – Re-Blogged From http://www.MoneyMetalsExchange.com

Cash was king. These days, it is more of a headache than it is royalty.

When it comes to larger purchases, the advantages once conferred by carrying a wad of green stuff in your wallet are all but gone. Justice Department officials in the U.S. (and officials elsewhere) are ratcheting up their decades-long war on cash. To hear them tell it, cash is mostly useful for terrorists and low-down criminals. Your use of any significant amount of cash can now make you guilty in the eyes of the law until you prove the transaction was legitimate.

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