Limit on cash transfers in Belgium | General Discussion Table | FORUMS

Yes that`s right. It´s nothing but "CONTROL", governments don´t want their obedient little sheep to do things big brother wouldn`t aprove of.

Here in Costa Rica we have been living for years with a DEA imposed limit of $10,000 limit on any type of transaction. Anything bigger must be reported to the Banking authority. Oh yes it´s for our own safety because it´s to restrict the drug trade and money laundering. Strangely enough the drug trade is now stronger than ever with CR being an important stepping stone on the way south-north of drug traffic.

Also, this limitation hasn´t impede our politicians to do dirty business with the campaign funds (donated by the very democratic and sedated people of CR via taxes)

Just like gun legislation, communication legislation, etc, either from the left or the right, the issue is nothing but control and dominance from those who really own the government and the institutions.

Cash Transfers out of the USA are technically legal but subject to so many regulations and reporting requirements that they are hard to do in practice, at least for the individual citizen.

There was an story by Simon Black (not one of my favorite people) illustrating this featured at ZeroHedge earlier this week.

Guest Post: Another Reminder Of How The US Government Destroys Business

The Link is: http://www.zerohedge.com/news/…..s-business

Bottom line summary:

"The whole affair was just another friendly reminder of why I try to avoid doing anything in the US at all. Regulations, financial tracking, consumer protection… it’s just too damn difficult to get anything done."

Cordially,
TwoHoot

PS: What happened to the Editor app?

is it remarkable that the 3 countries that such a think was instigated are in the brink of a default?

Ed my friend from europe you are a bit naive if this was not meant ironic.

When I last checked the price of 1oz of gold was Euro 1300.
The people from the US might remember what happened in the 1930s and the gold confiscation, yes?

Now imagine you just realized your bank savings account with say "Uni credit" and your life insurance policy with say "allianz versicherung" is no longer save and secure. You are in your 50s and you cash out say Euro 200,000 – you want it in cash and you bring the money to your favorite gold buillon dealer and buy say 5kg of gold.

You do this for example in Vienna and then visit the private save storage facility called "Das Safe" and rent a lockbox there.

The goverment will never know what you have. Even when they can check your bank account (like they do in germany) at will, they wont find it.
Goverment does not like that. You are now protected from their grip. If you live say in italy or belgium the local goverment will not be able to take away your savings or inflate your retirement away.

They do not like this idea. Right now only a handful of nerds do things like that. Far less than 1%. But when the economy will keep to deteriorate more and more sheople will wake up.

The goverment knows this and has no plans of letting the masses escape. Would ruin their business plan.

That`s right governments (which are really owned by the banks and several important business conglomerates, in Latin America there are actual people with faces and names) don´t like people doing their own arrangements.

For example, my wife and I are past 45, we need certain pharmaceutical products to get by, no, our country´s dilapidated social security system doesn´t provide for that, and they treat you like cattle, so I go to the drugstore and if I pay using plastic (credit card, debit card, any card) I have to pay up to 8% more due to the bank´s surcharge, now I have an arrangement with the owner and I pay cash, I get 15% rebate, nobody is eluding taxes, there is a legal receipt, only I don´t have to pay the bank it´s share and get a rebate because the drugstore ownwer apreciates cash.

Just yesterday I paid over $200 in pharma products, but at the same time, managed to save at least $25-30.

I love cash.

Now, you can do this when you deal directly with the business owner, not one exploited peon, that´s why you don´t do this at Walmart, or any other chain.

And no, I didn´t spend 3,000 euro or $5000, but who says where it´ll stop.

This is just the begining, expect to have actual currency banned in some years´s time, because it´s more "safe", and of course easy to know who does what.

Being honest, would any of us like to know that our government knows we have some 3,000 rounds of 7.62 X 39 stashed just in case? What do you think control over money is for?

Back many years ago when my grandfather was still alive, he was telling me how he prospered during the "great depression". It was just like Nomad says – "cash is king!"

We keep 3 months of cash "out of the bank" for "just in case". I recently had a new furnace/AC unit put in and saved 10% by paying cash (no check or credit card). It's hard to build up that money, lots of "no dinners out" for the wife and "no six-packs" for me, but definitely worth it, just for the peace of mind.