Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
jbreher
on 05/06/2019, 07:19:17 UTC
At some point you realise, exchanges don't let you withdraw large amounts and banks close your accounts at the mere mention of Bitcoin due to money laundering and liability concerns. Your money is locked into the system, allowing only a few trickles into your bank account.

But then again. Banks are digging their own graves. Can't get money out of the system? The system becomes the new money. All is a question of time.

The guy I buy from regularly on Localbitcoins had his fiat bank account shut down. He’s started a new one & created a bogus company so he can continue to trade.

It’s not difficult to work around money laundering, we have two official businesses but I have 8 directorships. You just filter the money into/through as many companies as you can to reduce taxes.

Besides when bitcoin goes to the moon you won’t want to cash it all out, you’ll be able to live on bitcoin (hopefully).

Shelby sez:

Quote
And you really think that what is coming they are going to let you get away with that? Of course not.

Bitcoin is not going to be a currency, only a store-of-value for the uber wealthy. Any BTC transactions in the past will become suspect without proof of source of funds. Trying to hide it as payments into your fake businesses is going to be easy enough to prove. The chain analysis, meta data, etc.. They’ll track it down and find a sufficient pattern to claw everything back and throw you in prison for the rest of your life.

Enjoy.

Some references:

https://steemit.com/money/@anonymint/rise-of-hard-money-is-a-harbinger-of-misery

https://www.oftwominds.com/blogjune19/quiet-revolution6-19.html

https://www.lewrockwell.com/2019/06/james-howard-kunstler/the-zeitgeist-knows/

https://www.armstrongeconomics.com/world-news/taxes/the-endless-hunt-for-taxes/

https://www.armstrongeconomics.com/markets-by-sector/interest-rates/when-will-interest-rates-rise/

https://www.lewrockwell.com/2019/06/ron-paul/hey-trump-remember-wikileaks/

Raw and unfiltered, folks. And free of any commentary from yours truly.