Proposed U.S. rule would force reporting of all accounts of $600 or more

[96coal449]

I just want to be left alone.

That time is at an end.
I am fighting too, brother.

 

[Shadow2]

Cash has always and will always be king.

 

[livingston]

The financial reports would allow the IRS to compare how much cash came through a person’s accounts to how much was reported each year on income tax forms, Thaler said.

The current proposal does not include any enforcement measures, but it would allow the IRS to see if someone has $40,000 going through their accounts in a year but only reported $30,000 of income.

 

[Blimey]

This may not be it, but eventually there's no reason the fed won't have a copy of every financial transaction.

It will be the ultimate social network: who you deal with, when, and for how much.

 

[96coal449]

Worth a view. This man is fired up, and been on point for quite some time.

 

[96coal449]

Cash has always and will always be king.

Little paper rectangles hold no value. Thanks to the US dollar taken off the gold standard.

 

[Arjuna]

Worth a view. This man is fired up, and been on point for quite some time.

+1 for Celente

 

[libertysnake]

This may not be it, but eventually there's no reason the fed won't have a copy of every financial transaction.

It will be the ultimate social network: who you deal with, when, and for how much.

Do I have to post the Indian billionaire wearing a gold suit again?