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

Extra!
Missing Money: What Government Accounting Really Looks Like

Jeff Desjardins

Everyone knows how comically terrible government accounting is, but few people may realize just how bad it's gotten... This infographic shows how trillions of dollars of government money has gone missing money over the last several years. And what's worse... that no one seems to care where it went...


Sage Advice for Bored Investors

Chris Mayer

It's amazing what some people will do out of sheer boredom. Investors, for example, will often throw money around, simply because they have nothing better to do - as if making MORE moves automatically translates to MORE money. Today, Chris Mayer explains why this emotion is so dangerous and how staving it off can save you a ton of money...


The One Word Every IPO Investor Needs to Know

Jonas Elmerraji

When a big company IPOs, investors can hardly contain their excitement. In a flash of exuberance, they throw money at a company they've already decided is worth something... even if the market hasn't made up its mind yet. Today, Jonas Elmerraji explains how one simple word can change the fate of every IPO investor. Read on...


How to Escape Obamacare in One Bold Move

Chris Campbell

Think it's impossible to escape the throes of Obamacare? Think again. Today, Chris Campbell relays the story of one man was able to get out from under the (un)Affordable Care Act, and how you can do it too. Don't see another doctor, take another pill, or shop around for better medical insurance until you read his story...


Let the Alibaba IPO Show You Where the Market’s Headed

Greg Guenthner

For the last few days, the market has been buzzing with excitement over the Alibaba IPO. Well, the day is finally here. And while some investors line up with their lotto tickets, ready to snatch it up no matter what the price, Greg Guenthner suggests a slightly more restrained approach. Read on...