thisjune5th.com

[penguins4me]

I see Kat had the URI in her clipboard... any other thoughts regarding this idea?

The "thisjune5th" idea involves participants removing all FRNs (or as much as possible to maintain minimum balances if they do not wish to close the accounts) from all accounts at all banks from which they do business, and then keeping it out of the banking system for at least ten days.

I'll be participating, paying my rent in a money order so as to ensure my bank account is empty on the appointed days. My personal goal in participating is to help cause enough of a stir to get other people interested in the mechanics of the current US banking system, and to point out that it is not likely to be as safe, stable, nor secure (nor honest?) as they currently believe.

[kola]

I am trying to eliminate using banks or finding a bank that is "private". I dislike that now banks photocopy all my info onto their computers (checks, deposits etc) and it is easily assessible by anyone and they will hand my info over to big gov at the drop of a hat. That aint a "private" bank.

I am looking into offshore banking. Panama banking seems to be popular. Any thoughts?

Kola

[Dave Ridley]

this looks interesting.

i will probably do it. , i may also run a story about it in advance

[dalebert]

I see Kat had the URI in her clipboard... any other thoughts regarding this idea?

http://thisjune5th.com/

I reposted it so people can just click it. I don't pay that much attention to subject titles to see it was a web address so I ended up digging it up from the other thread. *sigh*

I suggest no one try to take out more than $10k at once or you will trigger a law that they notify the feds. I think this number may be even lower now. Seems like I may have heard something about that. Anyone know? Also, I've heard that mere possession of more than $10k in cash is considered sufficient evidence that you're a drug dealer. Mind-blowing.

[penguins4me]

I reposted it so people can just click it. I don't pay that much attention to subject titles to see it was a web address so I ended up digging it up from the other thread. *sigh*

I need more coffee. Thanks for posting the link; now I'm going to add a proper summary to my initial post as I should have done first.

[kola]

here in CO, a withdrawl or deposit of 5k or more is reported by the bank to the feds. You may want to check for NH... and from what bank people tell me that "reporting" number will continue to drop.

[Caleb]

This is a variation of an idea that I had, although my suggestion was that we do it permanently.  If enough people do this, there is the possibility of bringing down the Fed completely. 

[Ron Helwig]

This is a variation of an idea that I had, although my suggestion was that we do it permanently.  If enough people do this, there is the possibility of bringing down the Fed completely. 

That's on my agenda as well. I've been slowly working on it, in a multi-year plan. Not having a job helps drain the bank account faster too 

[PattyLee loves dogs]

I suggest no one try to take out more than $10k at once or you will trigger a law that they notify the feds. I think this number may be even lower now.

Everyone dumb enough to post here is on a much more exclusive list than the millions of people that take out cash from their bank  ... as far as the amount goes, it used to be ten thousand, then five, then "any suspicious amount", now basically they just vacuum the records. Remember that's how they took down that NY governor who was paying his sex providers, just from routine bank surveillance.

As far as the June5th idea goes, more power to them if they get some good press. But 10,000 middle-class people don't even equal one of the 500+ billionaires in this country... it's not going to be a blip in the bank traffic. Now, if you could get just one of those lazy billionaires to demand his/her money in cash, that would be some good TV 

[Lloyd Danforth]

here in CO, a withdrawl or deposit of 5k or more is reported by the bank to the feds. You may want to check for NH... and from what bank people tell me that "reporting" number will continue to drop.

If you have 5+ grand to tie up you could deposit and withdraw it every week

[dalebert]

Everyone dumb enough to post here is on a much more exclusive list than the millions of people that take out cash from their bank 

I think you underestimate how many people don't trust the government. Sure, they're watching this forum but I don't think we're as high up on their list (yet) as many seem to think. Anyway, that's beside the point. The point is a withdrawal of > $10k is actionable. It's not just about going up in priority on some list somewhere.

[PattyLee loves dogs]

The point is a withdrawal of > $10k is actionable.

NO NO NO. It was 10K, then it was 5K, then it was "anything suspicious". And I'm not even up to date on this.

[ancapagency]

Reporting threshold is $3K in one transaction, or multiple transactions over a very short period of time.

[Free libertarian]

 Is the reporting threshhold ($3,000) automatic or a discretionary thing by a bank and is it for savings and checking accounts for individuals only. In other words it probably doesn't cover cash deposits/withdrawals for a small business does it?

I guess the bill of rights got another kick in the ass on this "law".  So much for privacy.

[kola]

it moreso covers cash. cash is a red flag.

they look at cash like it was drug money and/or that you are not reporting it as "income". (if your a business)

Even small amounts withdrawn each week are "suspicious".

All this bs started to escalate after 911.

A few years ago I sold one of my harleys and got a check for 24k. I went to the guys bank and demanded cash.  It took me over 2 hours to finally get what I wanted. They called in the bank pres and 2 security guys. They kept saying no and I did not accept no for an answer. I signed paper after paper ( i brought all kinds of ID, birth certificiate etc) and I finally got cash. They wanted me to deposit it and I said nope. They asked me why I wanted cash and I told them I dont trust banks. They asked me what I was going to do with the money. I told them I was going to stash some under my bed and give most of it away. I also told them it was none of their damn business. They finally gave in and counted out my dough. They asked me if I needed an escort out and I said no I have two weapons on me and have no worries.

btw they charged me 10 dollars to cash it because I didnt have an account with them. We argued over the 10 bucks for about half an hour. I said the guy who wrote the check has an account at your bank and that should be good enough. I aslo said the bank should charge the 10 bucks against the guys account. I told them to just give me my money in full and it was absurd that they were going to charge even a dime. I finally gave in and gave the thieves 10 bucks. Anything I sell now I ask for cash on the barrell, no checks...no bullshit.

Kola