MCViewPoint

Opinion from a Libertarian ViewPoint

Why The Money in You’re Bank Account is Not As Safe as You May Think | The Daily Bell

Posted by Martin C. Fox on June 11, 2017

http://www.thedailybell.com/news-analysis/why-the-money-in-youre-bank-account-is-not-as-safe-as-you-may-think/

Banks are supposed to be the epitome of secure. You can put your money in their vaults, and forget about it. Don’t worry everything will be fine. And even if the bank goes under, the federal government insures deposits of up to $250,000.

But that won’t help if the government is the thief. The United States government can freeze your bank accounts for basically no reason, without due process. Then it is up to you to prove your innocence.

One reason might be that you have a name similar to an alleged terrorist on the list maintained by the U.S. government. The list is comprised of people suspected of involvement in financing terrorism but has remarkably little identifying information, sometimes only a name.

So if you happen to have the same name, or something close, the systems banks use will sometimes put up a false positive. Then you will have to prove your innocence to have your confiscated property returned.

Don’t keep cash in a bank.  It is too easy to get shut off.

Use banks for checking and a place to put your paycheck until you can withdraw it.

The Sovereign Man site mentioned is an interesting but visiting it may put you a on a list as it advises on overseas options for you and your money.  If it is good for you, it likely isn’t good for government.

Be seeing you

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