The War on Money

04-16-2011 • dailyreckoning.com/

If you keep your money or savings in US dollars inside of the United States, you are a risk taker of epic proportions. Have you not been paying attention to what is going on? To begin with, the US Government now employs cash-sniffing dogs at most international airports. If you are carrying more than $10,000 in cash and don’t declare it to the Government when coming in or out of the US, your cash will be seized. Thanks to these cash-sniffing canines, US customs officials seized $3.2 million at Boston’s Logan Airport last year. Some government apologists might say, “If you aren’t doing anything wrong, why would you mind being x-rayed, sniffed, patted down, detained and questioned?” Besides the obvious absurdity of that question, the main reason this is of concern is because in every case in history when a government has inflated its currency into worthlessness they always institute capital controls. Just ask anyone from Argentina or Italy. And it won’t take much to change the rules from having to “declare” $10,000 to “not being allowed” to take $10,000 out of the country. Not to mention that if you do declare you are taking $10,000 out of the country, who knows what kind of database you will end up on.