The Common Sense Show Dave Hodges October 23, 2013
The banking industry is absolute chaos as their criminality is being exposed for the entire world to see.
It is now widely known that the derivatives debt is over $1 quadrillion dollars and some of the rank and file in this country are concerned that their bank accounts, 401K’s, IRA’s and pensions will be confiscated by desperate, tier two bankers, who are forestalling the inevitable currency collapse by stealing your money.
You could find yourself in this crowd, if you do not act soon.
The banking industry is absolute chaos as their criminality is being exposed for the entire world to see.
It is now widely known that the derivatives debt is over $1 quadrillion dollars and some of the rank and file in this country are concerned that their bank accounts, 401K’s, IRA’s and pensions will be confiscated by desperate, tier two bankers, who are forestalling the inevitable currency collapse by stealing your money.
You could find yourself in this crowd, if you do not act soon.
The time to have taken your money out of the bank was yesterday. There is very little time before the IMF’s plan to steal 10%, for starters, of all bank accounts in Europe.
JP Morgan Chase is banning wire transfers from their bank to foreign banks to prevent American capital flight which will surely happen as America wakes up to the desperate situation that the banks are in.
...
Read More Link On Right
JP Morgan Chase is banning wire transfers from their bank to foreign banks to prevent American capital flight which will surely happen as America wakes up to the desperate situation that the banks are in.
...
Read More Link On Right
The bank is also prohibiting any cash withdrawals of $50,000 or
more. This past Friday, HSBC (America) followed suit. It is highly
likely that all 5 megabanks will enact the same policies in the near
future.
Although, most Americans are free to leave the country, it is becoming exceedingly difficult for Americans to take their money with them.
Preparing for expatriation is a daunting task and I do not believe that most of us have the time or the ability to get our assets out of the country as well as make detailed plans and implement those plans in advance of the coming crash as we attempt to leave the country. Therefore, most of us are going to be forced to adopt an adaptation strategy.
With all that is available to read on this topic, it is mind boggling regarding how few people are preparing to act to preserve what assets they have remaining by not removing their money from the bank. Because you have put your money in the bank, you no longer own your money.
Taking what was your money out of the bank is no longer a matter of walking up to your friendly teller with a withdrawal slip and the teller cheerfully honors your request and you calmly exit the bank with your money in tow. In fact, your teller is trained to look for certain indicators in any cash withdrawal of any significance.
As you move to withdraw the bulk of your money, there are three federal banking laws that you should be cognizant of, namely, Cash Transaction Report (CTR), a Suspicious Activity Report (SAR) and structuring.
CTR’s
Federal law requires that the bank file a report based upon any withdrawal or deposit of $10,000 or more on any single given day. The law was designed to put a damper on money laundering, sophisticated counterfeiting and other federal crimes.
To remain in compliance with the law, financial institutions must obtain personal identification, information about the transaction and the social security number of the person conducting the transaction.
Technically, there is no federal law prohibiting the use of large amounts of cash. However, a CTR (Cash Transaction Report) must be filed in ALL cases of cash transaction regardless of the reason underlying the transaction.
Before proceeding with the planed withdrawal of your money, I would strongly suggest that you read the following federal guidelines as it relates to CTR’s as produced by the The Financial Crimes Enforcement Network (FinCEN). All the federal regulations contained in this article are elucidated in this series of federal reports.
Structuring and SAR
There will undoubtedly be some geniuses whose math ability will tell them that all they have to do is to withdraw $9,999.99 and the bank and its protector, the federal government will be none the wiser. It is not quite that simple. Here are a few examples of structuring violations that one should be aware of:
1. Joe has obtained $15,000 in cash he obtained from selling his truck. He knows that if he deposits $15,000 in cash, his financial institution will be required to file a CTR.
Instead he deposits $7,500 in cash in the morning with one financial institution employee and comes back to the financial institution later in the day to another employee to deposit the remaining $7,500, hoping to evade the CTR reporting requirement. Joe should have used multiple accounts to conduct this transaction.
2. Sally needs $16,000 in cash to pay for supplies for her arts and crafts business. Sally cashes an $8,000 personal check at a financial institution on a Monday. She subsequently cashes another $8,000 personal check at the bank the following day.
Sally is careful to have cashed the two checks on different days and structured the transactions in an attempt to evade the CTR reporting requirement. Sally should have made irregular deposits on staggered days.
3. A married couple, John and Jane, sell a vehicle for $12,000 in cash. To evade the CTR reporting requirement, John and Jane structure their transactions using different accounts. John deposits $8,000 of that money into his and Jane’s joint account in the morning.
Later that day, Jane deposits $1,500 into the joint account, then $2,500 into her sister’s account, which is later transferred to John and Jane’s joint account at the same bank. Again, John and Jane should have used multiple banks.
The aggregate total of the three transactions totals more than the $10,000 threshold, therefore, a SAR would be filed by the bank and you would be the subject of a federal investigation as all three of the above cases clearly violate the federal banking laws related to structuring.
It is a federal crime to break up transactions into smaller amounts for the purpose of evading the CTR reporting requirement. In these instances, the bank is required to file a SAR which serves to notify the federal government of an individual’s attempt to structure deposits or withdrawals by circumventing the $10,000 reporting requirement.
Structuring transactions to prevent a CTR from being reported can result in imprisonment for not more than five years and/or a fine of up to $250,000.
If structuring involves more than $100,000 in a twelve month period or is performed while violating another law of the federal government, the penalty is doubled.
Enforcement
Much like the enforcement of our tax laws, the federal government’s enforcement of its banking laws as it relates to CTR’s, SAR’s and subsequent structuring is quite draconian. Civilian asset forfeiture laws come into play. The government can seize your bank accounts while it determines if a crime has been committed.
The government can literally seize your assets in perpetuity without an order of the court. Of course, you could try and sue but you will be up against the deep pockets of the federal government and the case could take years.
By the time your case is decided, the financial banking crisis that you are so desperately trying to avoid by withdrawing your money, could be over. So, proceed with caution.
Although, most Americans are free to leave the country, it is becoming exceedingly difficult for Americans to take their money with them.
Preparing for expatriation is a daunting task and I do not believe that most of us have the time or the ability to get our assets out of the country as well as make detailed plans and implement those plans in advance of the coming crash as we attempt to leave the country. Therefore, most of us are going to be forced to adopt an adaptation strategy.
With all that is available to read on this topic, it is mind boggling regarding how few people are preparing to act to preserve what assets they have remaining by not removing their money from the bank. Because you have put your money in the bank, you no longer own your money.
Taking what was your money out of the bank is no longer a matter of walking up to your friendly teller with a withdrawal slip and the teller cheerfully honors your request and you calmly exit the bank with your money in tow. In fact, your teller is trained to look for certain indicators in any cash withdrawal of any significance.
As you move to withdraw the bulk of your money, there are three federal banking laws that you should be cognizant of, namely, Cash Transaction Report (CTR), a Suspicious Activity Report (SAR) and structuring.
CTR’s
Federal law requires that the bank file a report based upon any withdrawal or deposit of $10,000 or more on any single given day. The law was designed to put a damper on money laundering, sophisticated counterfeiting and other federal crimes.
To remain in compliance with the law, financial institutions must obtain personal identification, information about the transaction and the social security number of the person conducting the transaction.
Technically, there is no federal law prohibiting the use of large amounts of cash. However, a CTR (Cash Transaction Report) must be filed in ALL cases of cash transaction regardless of the reason underlying the transaction.
Before proceeding with the planed withdrawal of your money, I would strongly suggest that you read the following federal guidelines as it relates to CTR’s as produced by the The Financial Crimes Enforcement Network (FinCEN). All the federal regulations contained in this article are elucidated in this series of federal reports.
Structuring and SAR
There will undoubtedly be some geniuses whose math ability will tell them that all they have to do is to withdraw $9,999.99 and the bank and its protector, the federal government will be none the wiser. It is not quite that simple. Here are a few examples of structuring violations that one should be aware of:
1. Joe has obtained $15,000 in cash he obtained from selling his truck. He knows that if he deposits $15,000 in cash, his financial institution will be required to file a CTR.
Instead he deposits $7,500 in cash in the morning with one financial institution employee and comes back to the financial institution later in the day to another employee to deposit the remaining $7,500, hoping to evade the CTR reporting requirement. Joe should have used multiple accounts to conduct this transaction.
2. Sally needs $16,000 in cash to pay for supplies for her arts and crafts business. Sally cashes an $8,000 personal check at a financial institution on a Monday. She subsequently cashes another $8,000 personal check at the bank the following day.
Sally is careful to have cashed the two checks on different days and structured the transactions in an attempt to evade the CTR reporting requirement. Sally should have made irregular deposits on staggered days.
3. A married couple, John and Jane, sell a vehicle for $12,000 in cash. To evade the CTR reporting requirement, John and Jane structure their transactions using different accounts. John deposits $8,000 of that money into his and Jane’s joint account in the morning.
Later that day, Jane deposits $1,500 into the joint account, then $2,500 into her sister’s account, which is later transferred to John and Jane’s joint account at the same bank. Again, John and Jane should have used multiple banks.
The aggregate total of the three transactions totals more than the $10,000 threshold, therefore, a SAR would be filed by the bank and you would be the subject of a federal investigation as all three of the above cases clearly violate the federal banking laws related to structuring.
It is a federal crime to break up transactions into smaller amounts for the purpose of evading the CTR reporting requirement. In these instances, the bank is required to file a SAR which serves to notify the federal government of an individual’s attempt to structure deposits or withdrawals by circumventing the $10,000 reporting requirement.
Structuring transactions to prevent a CTR from being reported can result in imprisonment for not more than five years and/or a fine of up to $250,000.
If structuring involves more than $100,000 in a twelve month period or is performed while violating another law of the federal government, the penalty is doubled.
Enforcement
Much like the enforcement of our tax laws, the federal government’s enforcement of its banking laws as it relates to CTR’s, SAR’s and subsequent structuring is quite draconian. Civilian asset forfeiture laws come into play. The government can seize your bank accounts while it determines if a crime has been committed.
The government can literally seize your assets in perpetuity without an order of the court. Of course, you could try and sue but you will be up against the deep pockets of the federal government and the case could take years.
By the time your case is decided, the financial banking crisis that you are so desperately trying to avoid by withdrawing your money, could be over. So, proceed with caution.
Withdrawing Your Money From the Bank
The best way to avoid getting your money caught in the bank in the midst of a bank run would be to not let the lion’s share of your money ever cross the bank.
The simplest way to accomplish this is to prevent any form of deposit from going automatically into your account, as much as it is possible.
Bob walks out of the bank every month with the majority of the cash from his check. Bob should begin to pay cash for as much as he can, such as eating out, paying the electric bill (pay the bill in person), buying groceries, etc.
When it becomes necessary to make a “big ticket” purchase, Bob could temporarily leave more in the bank to cover the writing of a check.
You would also be wise to open multiple banking accounts ranging from the big five megabanks to your local credit unions. You could withdraw much smaller amounts until the sum total of your accounts is greatly diminished and is in your possession.
To open the accounts, simply write a personal check from your home bank. Of course, in these cases, the bank could hold the check for 15-30 days.
I cannot promise you that if you become the target of federal investigators, that you will not have your every financial move scrutinized and the feds will eventually discover the aggregate patterns of withdrawal.
People who I interviewed told me that they believe that the federal government is in the process of getting the banking computers to “talk” to each other in a way that would reveal structuring, but that technology is not yet online.
If you ever become the target of a federal investigation, do not, under any circumstances, allow yourself to be interviewed by federal officials without an attorney present.
In many cases, people go to jail and pay huge fines, not because they have committed a federal crime, but because federal officials state that they have lied or misled them. And if you do not have an attorney present, it is your word versus the federal government.
Conclusion
In an upside-down world in which the banks legally own your money, getting your money away from these criminal banks has become an art form. I cannot promise you that you will be able to retrieve all of your assets, however, I can promise you that if you do not act, you will lose everything.
Today and tomorrow (10/23 and 10/24) FEMA and DHS are engaged in part two of simulating a cyber terrorist attack upon the banking system. One thousand banks and all 50 governors are involved in this test.
I would strongly suggest that you keep your gas tank filled and you have plenty of cash, food and ammunition on hand. I am not predicting a problem with this test, but it is better to be safe than sorry.
Although personally, I think we have some time to prepare before the currency is collapsed, the dates which have me most concerned are November 13th and 14th which are the dates coinciding with Grid Ex II in which a simulated continental power grid failure will be rehearsed.
This opens a whole can of worms. For example, once you have the bulk of your money out of the bank, what should you replace the cash with? What should you be buying in anticipation of the currency collapse which is looming? These topics and more will be the subject of the next article.
20 thoughts on “How to Take Your Money Out of the Bank Without Going to Prison”
musivick von lunas October 23, 2013 at 6:22 am
i use electronic transfers to buy into a mutual fund
i also use checks to buy silver coins from several different companies
i am going to cross my fingers with the Nov 13-14th GRIDX II operation as i have a sizeable property tax to pay at that due date
i have tempted to create a money flow sequence so that the data-mining agencies wont red flag me for ~weird~ transactions
Paula Tuttle October 23, 2013 at 6:35 am
Thank you for this article and all you do to help educate the public of the banking scams and how they can secure themselves from them! Great work!!
CREAKY22 October 23, 2013 at 6:36 am
WOULD YOUR MONEY BE SAFER IN A ROTH IRA, SINCE TAXES HAVE ALREADY BEEN PAID THERE?
EDITOR’S NOTE: OBAMA WANTS THAT TOO
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Kevin October 23, 2013 at 7:16 am
I went to my local small town bank last week to cash a check for a completed real estate contract in the amount of 10,350.00……. When I said I was cashing and not depositing she replied she did not think she had that much money..
I did not say a word and just looked at her.. After 60 seconds of me glaring at her she said I might have enough money, brought it out and made me jump through hoops to get it, but I got it and now keep the minimum in my checking account….
Peter October 23, 2013 at 7:20 am Hello Everyone,
The above is way too complicated! I left USSA in June 2011 and took with me 35,000 Euro with a cash through those Pedophile goons called TSA from Chicago. In fact, they never asked me if I had more than 10,000 cash. The rest of the money, I put in Capitol One bank.
I opened a debit account and I can use it anywhere in the world. They charge me 1% transaction fee (currency fee), unlike some of these other criminal banks. The limit was 1,000 dollars per month (around 650 to 700 Euro per month) until I removed my money.
Walter October 23, 2013 at 7:24 am
To Dave Hodges, This article is very important, like many of your artilcles. However, the examples are not good. IT does not say what happened, It would be good if you had an example of a person has $20,000.00 and wants to put it into their bank without a ctr. How would they accomplish this, in detail.
An example that a person has a Retirement account, and they want to remove $50,000.00 how would they do this. The examples leave me in question. As you say, the person should have done something else, but I need hard variables, such as Bank A, and Bank B. Not multiple banks. Thank you Walter
george October 23, 2013 at 7:26 am
I worked for Bank of America and can verify the truth of what Dave has said. Once the feds get their grubbly little hands on even ONE large transaction or combination-transaction, you are busted out. You MUST begin NOW to get your money, or you’ll be screaming, “Greece! Greece!”
And what about silver and gold? who will be able to make change for you? or buy back your gold and silver, if the dollar crashes? ultimately, one must be a child of the King of kings and Lord of Lords, thru the new birth by the blood of His cross. Then and only then, can you say, “If God is for me, who can be against me?”
Kepano24 October 23, 2013 at 7:37 am
One thing NOBODY is saying about pulling money out of the bank….When the economy collapses, people keep saying YOUR MONEY IS WORTHLESS ANYWAYS….. so how is it, telling people the dollar will collapse and then at the same time say take your money out of your back..? any one? answers…
This is like telling people fire and brimstone in church and in Heaven we will be with Jesus, but not telling them “oh by the way after a 1000 yrs of Heaven on earth, God will let satan loose again for the final war…No one seems to read revelations all the way through, not even Steve Quayle…..
Just a thought on why pull money out if it will be worth nothing anyways ?
EDITOR’S NOTE: THE MAJORITY OF FUNDS SHOULD BE COMMITTED TO PURCHASING NECESSITY’S. ONLY A FOOL WILL HANG ON TO CASH
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george October 23, 2013 at 7:57 am
there is another little-known (by the public sheeple) report which all banks use: the Large-Items Report. Every transaction, 5000 smackers and up, goes on this report and is read by ALL officers of each branch of each bank. Makes no diff. which size bank; you will be scrutinized by the banks.
In my day, we read this report and checked on the items to make sure no fraud, forgery or theft was taking place. Today, the banks are examining these transactions for another reason entirely – to supposedly find out if drug trafficking is occuring, etc. I
In actuality, the banksters are hoping to spot people who want to take their money out of their banks, and then sic your friendly feds onto them, just as Dave has postulated.
Therefore, if possible, take out smaller amounts and deposit smaller amounts, thereby fooling (we hope) the watchers, who are determined to cover their derivative bets by using YOUR money, just as has happened in the lovely little paradise called the Hellenic Republic. And never tell ANYone what you are doing. A secret is a secret only when ONE person has it.
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Oz-land October 23, 2013 at 8:01 am
I believe that $10,000 amount was dropped to $5,000 a few years ago. The laddering still applies. Banks are mandated never to reveal if your account is being investigated.
They must report you if you complain about all the regs. Allegedly this is to catch money launderers (LMAO) who wire their deposits into the NY too-big-for-jail cartel.
Dodd-Frank is a major piece of oligarchical control whose purpose is to consolidate power by putting smaller players out of business by imposing oppressively detailed regs that do not apply to the banksters.
No nations, no private property, no families, no religion, no middle class, no competition… have they missed any of the planks in the commie manifesto?
EDITOR’S NOTE: ACCORDING TO THE LINKED FEDERAL WEBSITE, THE AMOUNT IS $10,000
Pine 4 Better Daze October 23, 2013 at 8:09 am
Did any bank file a Suspicious Activity Report when $2.3 trillion turned up missing at the Pentagon the day before 9/11 or when millions from CIA drug smuggling operations are laundered through U.S. banks?? Oh, wait, that’s our criminal federal government doing that so it’s OK!
Willard Aztec October 23, 2013 at 8:33 am
The lateness of the hour is becoming apparent to many by now but a friend told me, “I understand what you’re saying but it takes a major decision to take money out of a savings account when your wife is against it.”
Well, will she be against it when you open a few cans of food later on that you bought with money that is no longer in the bank?
This article is worth pondering and if you haven’t done it, tomorrow may be too late. The $10,000 rule has been in place since the late 80s and if you haven’t caught on by now it may be too late for you. There is only one sure way to beat the system:
Put your faith not in men or their schemes but turn it ALL over to the Lord Jesus Christ, there is no other way. Eventually, all the schemes of man will fail and only He will endure.
Rebecca Gear October 23, 2013 at 9:49 am
This is one of the reasons I do not mind being poor!
laura m. October 23, 2013 at 10:34 am
Another idea: Using several banks(not branches of one bank) at a time/ buying food every three days: We use three banks and two incl. jumbo CD’s. We are retired, both on SS, drawing down a 401k and get dividends from blue chip stocks and muni’s. Friends likewise.
On checking accts we keep low amounts in two banks/cr unions and get cash back using either debit cards when buying items in stores to avoid seeing bank tellers as we do not use ATM’s. ATM’s have cameras and it’s like going into the bank anyway.
By splitting up grocery shopping every three days instead of once a week, this gives me more cash back each time I shop.
Another idea mentioned to me was running up credit card/mail orders for preps, etc. then pay it off each month same as withdrawing cash by writing a check to Visa, etc. I’d be glad to hear other ideas from comments made.
Willard: The spouse who pitches a fit if other one wants to take out savings acct is very common I hear.
DigDeep October 23, 2013 at 10:44 am
Oz-land: Although the Federal requirement is >$10,000 some banks have instituted a >$5,000 policy. I ran into this at an institution that I used to bank at.
mad mike October 23, 2013 at 11:03 am
Recently recieved an insurance check from AFLAC drawn on CHASE/J.P. Morgan Bank. The amount was just under 7k, have banked with my bank 15 yrs, they would not cash it. Had to hold it till Nov.1 in my acct, they said.
I had to drive out of state 270 miles to cash the check! Split the amount into two envelopes, placed the cash in my boots and went straight out and bought food and ammunition. Now I own real, tangible commodities. The banks fear this.
That is how you hurt them. And you keep barely the minimum necessary in your account, so little that it costs them more to retain your business than it profits them.
Willard Aztec October 23, 2013 at 5:14 pm
We disappeared from the radar some time ago. We put the check in the bank and draw out enough cash as soon as possible and pay cash for everything! I realize that cannot continue forever but for now it works!
If you post on the internet use a pen name, if you make a phone call or send an email be careful not to use “key” words that would cause an automated program to automatically snoop.
Drive an older but reliable car, keep extra gasoline and oil on hand as well as canned foods. By the way if you are short of money you can buy 110 servings of oatmeal for $7 at Sam’s Club, it won’t taste real good after about the 15th meal but it sure beats going hungry and it’s good for you. Consider the horse.
http://thecommonsenseshow.com/2013/10/23/how-to-take-your-money-out-of-the-bank-without-going-to-prison/
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