Bill Bonner

Meanwhile, zombies are on the march. Literally.

We got a news item from Europe. “Thousands of protestors took to the streets in dozens of European cities,” it told us.

What’s their problem? They don’t like cutbacks in government spending.

And now Bloomberg tells us that the feds want to keep track of all money transfers into and out of the US:

Financial institutions have long been required to report all cash transactions, whether domestic or overseas, exceeding $10,000 as well as transactions that they deem to be suspicious. The proposed regulations would expand the requirements so that banks would have to report all cross-border transfers of any size, whether or not cash is involved. (For money-transfer businesses, the threshold would be $1,000 as opposed to that at banks, which would report all amounts.)

If you send $500 to your daughter in London, what business is it of the feds?

Why do you ask, do you have something to hide?

The feds say they are preventing terrorism and money laundering. What they are really doing is gaining power. It can’t be too much longer before you need permission to send money overseas. And then, the “rich” will be fitted with the equivalent of an electronic ankle bracelet…to monitor their financial movements and prevent them from getting away with anything.

But wait. Are we becoming paranoid? Are we having a bad dream? Are we “losing it”?

Maybe. But soon, finances could be a matter of US national security. And transferring money out of the country, unauthorized, could be a crime.

The zombies are counting on your money. They won’t give it up without a fight.

Regards,

Bill Bonner
for The Daily Reckoning

Bill Bonner

Since founding Agora Inc. in 1979, Bill Bonner has found success in numerous industries. His unique writing style, philanthropic undertakings and preservationist activities have been recognized by some of America's most respected authorities. With his friend and colleague Addison Wiggin, he co-founded The Daily Reckoning in 1999, and together they co-wrote the New York Times best-selling books Financial Reckoning Day and Empire of Debt. His other works include Mobs, Messiahs and Markets (with Lila Rajiva), Dice Have No Memory, and most recently, Hormegeddon: How Too Much of a Good Thing Leads to Disaster. His most recent project is The Bill Bonner Letter.

  • City Dweller

    Beware! Zombies are not only water proof but also illness proof and virus defiance.

    Long Life Zombies !!!

  • Online Guide

    If the shield is 1 inch thick, so the arrow is 1.1 inch sharp. Proctective layers are meant to be broken. Security lock is designed for the challenge. Defences are built for destruction.
    Don’t worry, be happy. Haha!!!!!!!!!!!

  • http://www.investorsfriend.com The InvestorsFriend

    It’s intrusive laws like that that turn law-abiding citizens against the low.

    When I was a kid I felt sorry for the Russians who (I was told) had to ask government permission to do anything.

    Now the joke is on me. North American governments are hugely intrusive. There is nothing including a lemon-aide stand that the government will not try to licence, tax and regulate into submission.

    Soon we may find that, like in Europe, the people are revolting. (And I am not referring to people being ugly, just in an ugly mood).

  • Class Monitor

    Monitoring? Who are the biggest ‘fraudees’ on our planet?
    First, we need to breakdown the constituents of ‘fraud’. A close study/analysis on fraud – its source, formations, causes and consequences.
    More often than commonly known, fraud money are subtly injected into the economy for lightning speed development and what-nonsenses – contruction of skyscrapers, factories, infra-structure, political bailouts and so on. People seems to have accustomed to these practices. They don’t feel it. These cause and effect are silently assimilated into the society. That is to say, all transactions/activities arising directly or indirectly from fraud money are subsequently rectified. Rectifications of these natures? Alright?

    Again, for thousand of years, gurus, religions and all ‘sm suspensions’ be it socialism, communism, leninism, stalism, feudalism, maoism rejecting it outright and refusing recognition of such rectifications. Even capatalism discreetly shows disapproval though in connection somewhere.
    To permit these rectifications means denial of thousand years of wisdom. There
    is surely a valid reason why ‘frauds’ are despised for thousand of years and they only remain in operation under darkness.

  • Brian

    inch thick, so the arrow is 1.1 inch sharp. Proctective

  • Online

    Hi Brian,
    In view of 100.1% requirement of accuracy, I will be on 100.2% alert in all my future blah-blah.

    Have a nice day

  • PeterB

    These kind of controlls have existed in the past and could again. In the UK in the seventies I remember a fomous jockey being arrested for leaving the country to go on holiday with (as I recall) £50 undeclared in his pocket.

    Even allowing for inflation this wasn’t much money and this was considered a serious offence.

  • a devils advocate

    The Fed has to go. They will not go without a fight. A big one. Are you ready for it? Chuck Butler brought up the idea of a Continental Convention. A really good idea and we may be close to getting one. We could close the Fed down permanently. Enough manipulation of our money. Many of you say you don’t like taxes. Well the devaluing of the money is a huge tax. The word is get rid of the Fed.

  • Pingback: urlman cow()

  • Pingback: online payday loans direct lenders()

  • Pingback: debit card loans with no bank account()

  • Pingback: payday loans online direct lender()

  • Pingback: submit your url free()

  • Pingback: do you agree()

  • Pingback: best free web hosting review()

  • Pingback: онлайн казино()

  • Pingback: post workout supplements()

  • Pingback: top laptops()

  • Pingback: behr concrete stain()

  • Pingback: charlotte wedding videographers()

  • Pingback: cool gadgets 2014()

  • Pingback: affiliate offers()

  • Pingback: (PMI Certification()

  • Pingback: a fantastic read()

  • Pingback: do you agree()

  • Pingback: outsourcing seo services()

  • Pingback: minion rush cheats()

  • Pingback: website()

  • Pingback: blog()

  • Pingback: dropshippers()

  • Pingback: Mind movies()

  • Pingback: iherb coupon code()

  • Pingback: http://trafficfaze.com()

  • Pingback: the resume center complaints()

  • Pingback: zimbabwe box()

  • Pingback: Cheap car insurance()

  • Pingback: compare auto quotes()

Recent Articles

The Next Car You Buy Will Be an Electric Car

Stephen Petranek

Electric cars are proving to be far cheaper to operate than anyone could have guessed. In fact, many people are now just getting the equivalent of thousands of mpg to their electric cars. And that's presenting a unique profit opportunity. Stephen Petranek explains...


A Treasure Chest of “Secret” Buy Signals

Paul Mampilly

The world's most successful investors almost always think differently. That's nowhere more apparent than when you're trying to invest in health care. Today, Paul Mampilly - one of the world's top biotech analysts - reveals one "secret" for making money from a predictable cycle in the industry. Read on...


Natural Gas: How to Stay Warm (and Profit) This Winter Season

Greg Guenthner

Right now, the city of Buffalo, NY is covered in five feet of snow. And while that may be bad news for those poor folks, it could be good news for you. Because now that another harsh winter is upon us... you have a massive opportunity for quick double-digit gains. Greg Guenthner explains...


Tip of the Day
3 “Dirty” (and Sexy) Ways to Boost Your Health Tonight

Chris Campbell

Warning: The following article is not for the puritanical. Today, Chris Campbell shows you three "dirty" health boosters you can use tonight to raise your immune system... improve your outlook on life... and make your partner a happy camper. Read on...


The Shock Doctrine: When Order Trumps Personal Freedom

James Rickards

When some event - be it a terror attack, financial panic or natural disaster - upsets the status quo, people are more willing to relinquish their freedom in favor of a greater sense of security. And that's when ambitious political leaders make their move... And as Jim Rickards explains, another such event could be right around the corner. Read on...