Tag Archives: financial privacy

Currency Recall

One tactic that has been much discussed makes use of a currency recall. Such government schemes have been kicking around in one form or another since 1978, although the most detailed plan to date surfaced during the Reagan years. During this short eight year period, more limitations on your financial privacy were enacted than at all other times in US history. The currency recall proposed by then Treasury Secretary Donald Regan would have worked as follows. First, all US $50 and US $100 notes in circulation would have been reissued. Then, without notice everyone would have been required to exchange their previously valid notes for this new currency within a limited ten day period. At the end of the ten day period, any old notes still in circulation would no longer be legal currency.
Anyone who exchanged as little as US $1000 would have been subjected to further questioning. They would have been required to prove that the money they wished to exchange was not generated through illegal activity and that all taxes had been paid on it. If not, Uncle Sam would have relieved the unsuspecting victim of his cash and subjected him to further IRS scrutiny. Thankfully, this plan with its accompanying infringement on our right to privacy never came to be. Apparently, after analyzing the possible consequences of such maneuvers, the government realized that such drastic actions may have produced a serious decline in the value of the dollar. In other words, it feared that if it tinkered too much with the US currency, people would begin to lose all faith in both the dollar and the government behind it.
So instead of seriously altering and reissuing the currency all at once, the politicians decided to use a more subtle approach. Since the beginning of this decade, the government ha* slowly been instituting what basically amounts to a currency recall. In 1991, it issued a *hghtfy altered US $100 bill which contains what it refers to as “security” features. This amounts to a microscopic line of print which circles the portrait and a polyester thread which runs along the left side of the bill. This polyester thread can only be seen when the bill is held up to a light. In 1992, new US $10, US $20 and US $50 bills were introduced. During this year, the government also began its currency recall, instructing all banks to stop circulating any bills dated before 1990. Undoubtedly, possessing a large number of bills which predate this cut-off point will soon lead to a government inspired investigation.
Still, the biggest changes are yet to come. As we go to press, an even newer US $ 100 note has just been released. In this bill, the portrait has shifted to the left. New colors and inks are also used and a watermark has been incorporated. This newer note will undoubtedly be followed by similar instructions to bankers. They will be told to stop circulating all previous incarnations of the US $100 bill, again basically representing a currency recall. Similar methods have been used by countries everywhere. Over the past few years, England has reintroduced each of its notes, as has Australia. All this is done quietly. The new bills are introduced and allowed to mingle with their predecessors for a while. Then, when everyone is secure with the new bills, old bills are one day declared to be no longer legal tender. Those that have not already been turned in to the government become useless.
Naturally, such methods are never said to be for the purposes which they actually serve. Instead, governments sing different tunes depending on what happens to be the flavor of the month. At times, the new currency has been created to help thwart counterfeiters, in spite of the fact that statistics repeatedly show this to be a relatively minor problem. Not daunted, your government will say that its new currency has been designed to rid the world of evil money launderers and drug barons. If it is feeling adventurous, your government may even claim that the recently issued bills are necessary to help instill confidence in the overall currency. It seems that there is no end to the variety of government invented excuses. They will provide all but the real reason, which always remains the same. Governments introduce new currencies so that they can keep an ever more watchful eye on your financial affairs.

The Alternative Solution

Today financial privacy has become far more than a right, sadly it has developed into a necessity. Those who fail to take notice invariably spend the major part of their lives battling lawsuits and negativity. I don’t. I travel, enjoy good food, agreeable company, pleasant beaches and all the other great things that this little planet has to offer.
As I explain in PM, I have long since broken free from the restraints put on us by government and become a Perpetual Traveler and Prior Taxpayer, a PM as I call it. Banking Silence forms another link in my developing series of reports which show you how to accomplish the very same. It deals exclusively with the area of banking and financial privacy, but is somewhat different from the other reports in the PM series. Banking in Silence is what I like to think of as a guide to becoming a partway PM The full-fledged PM need not be as
concerned with banking in silence as those who are still under the thumb of big government. The full-fledged PM operates under a layer of invisibility, constructing his paperwork in such a way that no government considers him to be its personal property, meaning that completely silent banking is no longer as necessary.

I have constructed this Report for those of you who either cannot or for some reason choose not to become full-fledged PMs. Perhaps you are tied to one place because of children, property, a good career or something of the sort. Perhaps you are not ready to break completely free. This report forms a link to PM status, a stepping stone if you like. It deals with all areas of financial privacy, even those that may not be of specific value to the PM, such as the use of offshore corporations and trusts. Even the very idea of opening an offshore bank account is impossible for the PM. Nowhere and everywhere is offshore for the PM, meaning that any bank account he may happen to hold is automatically offshore.
Anyway, enough on PM. If you would like to learn more about the subject consult my other reports. PM presents the theory while PM2 presents the practice, including a lot of helpful advice on practical matters concerning personal privacy. If you would like to learn how to live a completely private life whether it be how to place phone calls discreetly, how to send and receive mail discreetly or even how to disappear without a trace, this is the report for you. For the moment, I will return to the topic of banking privacy. This area is in my opinion one of the most important aspects of privacy. When governments attack you they invariably go for your cash. Once you deny them that power, they quickly deflate to a powerless nonentity.
This report is your guide through shark-infested waters. It will show you in detail how to accomplish a level of financial privacy only dreamed of by most. As you read the following pages, keep in mind that there is no time like the present to start banking in silence. You never know when you will have to call such protective measures into action, meaning that the sooner you get the ball rolling, the better. To begin with though, it is important to understand exactly what you are up against. We will start by examining your number one threat, government.