MCViewPoint

Opinion from a Libertarian ViewPoint

Posts Tagged ‘safe deposit box’

Doug Casey on the FBI Raids of Safe Deposit Boxes

Posted by M. C. on February 8, 2024

by Doug Casey

The federal government is now controlled by actual Jacobins. They’re inclined to engage in lawfare against citizens—especially those who don’t share their views.

What’s in it for them? When they perform a civil asset forfeiture, a certain percentage goes to the agency that does it.

That money can buy cop toys and training to pad their resumes. That gives them a personal incentive to do things that are, in fact, criminal.

If you use a safety deposit box, lose it. You can be locked out of it at any time and as this shows the government can walk in and steal your stuff.

FBI Raids of Safe Deposit Boxes

International Man: Recently, the FBI raided 700 safe deposit boxes in Beverly Hills.

They opened and searched through the content of every single box, regardless of whether there was any probable cause that individual box owners had committed any crime.

The FBI then attempted to confiscate anything worth more than $5,000 through civil asset forfeiture proceedings. Again, this was regardless of whether there was any evidence of wrongdoing by the individual box owners.

What do you make of this story?

Doug Casey: This is another of many indications that the FBI is totally corrupt and out of control. There’s no indication the agent-in-charge was even reprimanded, much less fired. It’s just one agency, but the fifteen other Praetorian agencies are no better.

An even bigger problem is that the rule of law itself is dead. At this point, almost any federal agency can do whatever they want. If you don’t like it and want to fight them, it’s going to cost a ton of legal fees.

The federal government is now controlled by actual Jacobins. They’re inclined to engage in lawfare against citizens—especially those who don’t share their views.

What’s in it for them? When they perform a civil asset forfeiture, a certain percentage goes to the agency that does it.

That money can buy cop toys and training to pad their resumes. That gives them a personal incentive to do things that are, in fact, criminal. It’s a very serious matter. It’s only going to get worse when CBDCs are initiated—they’ll make civil asset forfeitures, fines, and asset freezes much easier when all your money is visible and available at the central bank. It’s one more reason to own gold—but not store it in a US safe deposit box.

International Man: A federal appeals court recently found that the FBI violated the Fourth Amendment with their actions.

While this is good news, the individual box owners invested considerable time and money in uncertain legal actions to get their property returned to them. It seems there will be no consequences for the FBI agents who flagrantly violated the individual box owners’ Constitutional rights.

It sends the message that the government can engage in gross violation of rights with near impunity. The only consequence is that the courts might reverse their actions years later. No government agents will be punished for violating the law. Such a standard does not apply to regular citizens, of course.

What’s your take?

Doug Casey: Individual agents are a protected class. It’s extremely hard and very expensive to prosecute them as individuals. Remember that the first loyalty of agents is to each other, and the second is to their employer. The public, who they’re supposed to “protect and serve,” is in third place.

Federal law enforcement agencies have become much more aggressive over the years and increasingly recruit and retain the kind of people who fit in that culture. They have every incentive to continue and no incentive to change course.

What about the Constitution? Isn’t it supposed to protect us? Yes, in theory. But it’s simultaneously a dead letter and a “living document” that can be altered to suit. It’s so selectively enforced and has been so grotesquely reinterpreted that it basically doesn’t mean anything anymore. There’s an occasional victory, but the trend has been downhill for many years. The next major crisis will allow lots of emergency measures to further subvert it. The type of people who are attracted to the US government never let a good crisis go to waste.

International Man: Civil asset forfeiture lets the government seize your property under the flimsiest pretexts.

See the rest here

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Feds Still Fighting for Safe Deposit Box Contents

Posted by M. C. on October 2, 2021

https://youtu.be/6N79rkaKar0

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SWISS BANK LOSES CLIENT’S GOLD | Matterhorn – GoldSwitzerland

Posted by M. C. on July 6, 2019

Use your own safe.

https://goldswitzerland.com/swiss-bank-loses-clients-gold/

by Egon von Greyerz

Don’t let your bank hold your gold. They might not find it. A gold investor told us recently that his Swiss bank had moved the client’s gold from the bank’s safe to a private vault in the name of the bank, in Zurich. The client was aware of this move. But then the problems started. The gold was allocated and the client had the bar numbers. The client wanted to store the gold through our company and instructed the bank. But the gold wasn’t there any more. The gold was supposed to be segregated but the bank had stored it in the collective vault. And the client’s allocated, numbered bars were not to be found anywhere.

Presumably, the bank will accept liability and buy new bars for the client. But again this proves that it is not safe to keep your gold in a bank. We have regularly experienced similar problems with many different Swiss Banks, big or small…

So again, I warn gold investors, not to hold physical gold in a bank vault or in a bank safe deposit box. When the next financial crisis starts, you will not get your gold back from the bank’s vault and you will not get access to your safe deposit box…

Be seeing you

DE ELEMENTEN (SiTU Harns): november 2013

 

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Call Kurtis: Safe Boxes May Not Be Safe After All

Posted by M. C. on July 26, 2018

Banks are not your friend. Use a local bank, honesty is somewhat more likely.

Bank of America-One of the most crooked banks on the planet and most big banks are bent.

Entire boxes are missing! This is what you get for your tax supplied bank bailouts. It makes you wonder what else we don’t know about how banks handle your money.

NEVER use a bank box. The bank and most any government agency can have your access blocked at any time for any reason, including impending bank failure or a “terror” incident.  Many banks don’t allow cash in their boxes because of the war on cash. No firearms of course!

Limit/eliminate keeping any kind of savings and checking in a bank for the same reasons.

Buy a good fire proof safe and learn how to hide it well.

https://sacramento.cbslocal.com/2018/07/26/safe-boxes-stolen-drilled/

By Kurtis Ming

ORANGEVALE (CBS13) – A woman says her bank let her safe deposit box vanish. And she’s not the only one.

Susan Nomi says when she went to open her Bank of America safe deposit box of 16 years, the entire box was gone…

She says Bank of America can’t explain where her valuables went. Read the rest of this entry »

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Is it Safe to Store Gold in a Safe Deposit Box? – LewRockwell

Posted by M. C. on February 27, 2017

https://lewrockwell.com/2017/02/martin-armstrong/safe-store-gold-safe-deposit-box/

Keep in mind the government can close all banks for there is a precedent. Whatever you have in a safe deposit box can also be seized and inspected.
Safe deposit boxes are not safe against the worst criminal, government. Try and avoid both.

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