Another hit on small farming...

[hqueen13]

http://articles.mercola.com/sites/a...undering-crimes.aspx?e_cid=20120515_DNL_art_2

More info:
http://lewrockwell.com/rep3/feds-seize-farmer-bank-accounts.html
http://offgridsurvival.com/governmentattacksfarmers-seizesmallfarmsbankaccount/

"In its latest move against small farmers who dare to operate outside the umbrella of CAFOs (confined animal feeding operations) and Monsanto-dominated crops, the U.S. government has seized $70,000 from a small dairy farmer in Maryland. The feds did this under the "Bank Secrecy Act," which requires that paperwork be filled out for any cash deposit in excess of $10,000."

I don't know what I think about this. On one hand if they were with-holding deposits to stay under the 10,000.00 limit, then I guess I can see why the govn't could be upset. But on the other hand, its THEIR hard earned money.

This makes me concerned for eventually creating our own farm to share the wealth of real food, and the benefits that knowing where you food comes from.

It also makes me want to withdraw from just about everything trackable. (I like to talk too much so I don't know that I'd actually be able to follow through and keep my mouth shut!!)

 

[BarredBuff]

I can understand if they withheld money...but any other reason is unacceptable.

 

[hqueen13]

Even if they did withhold money, I'm not sure I agree with it, still. I know why it is that way, but who hasn't attempted to adjust something to avoid having to deal with more paperwork or red tape?

When I see things like this I wonder what other areas are being targeted or "caught". It says MD has the highest rate of these situations, so what other types of businesses are they after?

 

[Mr.Andersson]

So, they finally decided to put money in the bank, instead of a mattress. How sad, guess you have to be "big", to pay someone off. Why do we still elect morons, in the information age?

 

[taoist]

I ran into this about 5 years ago when I temporarily moved to Canada for school. I went to my bank and deposited an amount over $10K to pay for my school and living expenses while living in Canada (wasn't allowed to work there). I specifically asked the bank if there would be any long term holds on the funds or other problems as I did not want to carry a large amount of cash with me while traveling. The bank assured me there would be no problem.

Yep, once I landed in Canada and went to KMart after about a week to get some supplies to stock up at my apartment, my card was declined. It took over an hour of calling the bank in the US to find out that my account was "on hold" because the bank had to wait for a response from the feds since I had deposited over the $10K limit.

Apparently my money isn't really my money...and yours isn't yours.

What is going on in this country that we sit back and let this stuff happen? Is every single politician a member of some secret club to keep us and herd us into this crazy new America?

I never considered myself much of a conspiracy theorist but lately it seems those we called nut jobs not too long ago are being proven more right as time goes by.

 

[hqueen13]

I can't agree more... It makes me worry. And I do not like to worry. If I could convince my entire family to move, I'd pick up and go to Canada! Course there would be that whole cold issue to contend with...

 

[Icu4dzs]

Well, lets face it; at the current interest rates, money in the bank is really not any advantage other than not being subject to fire or the elements. Right now, in the bank I use their "Premium interest rate" for a money market account OVER $150,000 is 0.15%. Yep, that means you can put $150K in their bank any you will earn $225/year. I don't see much difference than putting it in a mattress when you look at it in that perspective. I can't imagine why anyone would put money IN a bank now except to take advantage of the FDIC insurance in case the bank defaults or something like that. They are making a couple of percent which to put that into perspective means that, lets say they make 4%. Most mortgages are around 5% right now. We take that same $150K and hold it over a year...that gives you $6000 a year! That is a significant difference from $225/year. They are making 27 TIMES the amount that they pay you for the use of your money while it sits in their bank and lets the FED monitor what you do...BIG BROTHER?
Enough of this I say. Just get a good mattress and a SW .44 cal. That will do about the same thing if you ask me.
Trim sends
//BT//

 

[BarredBuff]

I agree the mattress must be the best bank......

 

[terri9630]

The only problem with that is mattress are flammable. I would think if you started using charred money someone would alert the feds anyway.

 

[hqueen13]

our checking account at our local bank is actually 2% interest up to $25k. That is GOOD! The woman that signed us up for the account said that it used to be 4%, but that they lowered it over time. 2% is still killer, especially on a checking account, not even a savings account. Now if only we could keep more money in it....

The challenge is that dealing in today's technical world it is often convenient to use credit and electronic forms of payment for things, which requires an account of some sort...