Guest Post by Dave Hodges
A funny thing happened on my way to writing on a very controversial topic. It just so happens that I inadvertently made my own news. To those who expected to read how the criminal elite are going stop Donald Trump short of singular assassination plot, that story will be printed on this site, tomorrow.
Yesterday, I went to Bank of America to withdraw $1500 cash. You would of thought I had a sign around my neck saying that I was a heroin dealer.
The teller went and got a bank officer who began to question me:
Bank Officer: Sir, what are you using the money for?
Me: I am using it for a legal personal matter. Beyond that, it is none of your business.
Bank Officer; Sir, we can put a hold on your account.
Me: Mr. Bank Officer, I will remove my entire account and deposit it to another bank if I do not have my money in five minutes and I want my money in $100 bills.
Bank Officer: Sir, your threats will not work here and if you are not cooperative and fill out this form, I will call the police and notifiy the IRS. (He wanted me to fill out a Cash Transaction Report which is not required unless your withdrawing $10,000 or more)
Me: Mr. Bank Officer, I refuse to fill out your report because it is not required unless I withdraw $10,000 and your may call who you want…. You obviously do not know the law and who I am. Between my writing and broadcasting, I reach over 2 million people per month. I would say that statistically about 400,000 people have B of A accounts who listen to me or read my articles. Before the end of this month, you will see sizable withdrawals based upon my recantation of this conversations in the public domain. By the way, I am recording this.
The bank officer walked away and disappeared and then came back in a few moments. He instructed the teller to process my request.
Bank Officer: I have reviewed your account history and you have been an excellent customer. You are obviously using the money for honorable purposes. I apologize for any misunderstanding.
Me: Thank you. The purposes for the use of my money, is none of your business, it is a matter for law enforcement. You should think about this when you try to bully the next guy.
I am certain that the threat of my reach and potential action against Bank of America did not influence bank officer’s decision to honor my request. I am sure he called his boss and that they have now filed a Suspicious Activity Report (SAR), and my business affairs will come under the scrutiny of the IRS and possibly the FBI. I have no doubt that they would love to turn me into the next Bundy family member of the banking world. I will have more to say on this topic later in the article.
An Interesting Aside
I requested that my money withdrawal be disbursed in one hundred dollar bills. They had one, count it, one, one hundred dollar bill in the entire bank.
I asked the teller if the bank was making good on the rumor that they were phasing out one hundred dollar bills in their incremental move towards a cashless society. The $10 per hour teller said she they did not know what I was talking about. At that point, and being a little worked up, I asked the teller which arm she was going receive the chip so she could continue buying and selling and working for B of A? She had no idea what I was talking about.
“Forgive them Father, for they know not what they do.” I had images of my Lord and Savior chasing the banksters from the Temple.
If I only had the courage of my Lord.
I have arranged for a transfer of the funds from the impacted account.
Before you move any money, you need to read the following… or you risk going to jail:
Be Careful Who You Speak With
If the Feds do show up to speak with me, I will not be speaking with them about anything of substance. When Martha Stewart was accused of insider trading, Stewart tried to explain away the concerns. That was her big mistake. She was sent to jail for making false statements to federal officials. Note, they can lie to you and try to trick you and the criminal elite have made that legal. But if THEY say you have misled them, or left out one detail, you go to prison and it is your word vs. their word.
When and if the FEDS show up at my door. I will be taping and recording myself saying “I invoke my 5th Amendment right against self-incrimination and reserve my right to be represented by an attorney for all questioning. If I am not under arrest, you need to leave my property and I will arrange a meeting with my attorney.” If you say any more, you are probably going to jail.
Oh, they will threaten you that you making things hard on yourself and that “things will go easier if you cooperate”. Your answer , and the only thing you should say is “I will fully cooperate with you when my attorney is present and since we all have to abide the Constitution, get the hell out of my house”.
Structuring, SAR’s and CTR’s
Previously, I mentioned the bank probably filed a SAR on me. and they going to be investigating me for Structuring. Structuring carries a very long prison sentence to go with a hefty fine. The Federal government will automatically investigate any cash withdrawal of $10,000 or more from your account.To remain in compliance with the law, financial institutions must obtain personal identification, information about the transaction and the social security number of the person conducting the transaction.
Technically, there is no federal law prohibiting the use of large amounts of cash. However, a CTR must be filed in ALL cases of cash transaction regardless of the reason underlying the transaction. This means your cash transaction will be on the radar. The Feds will automatically investigate you drug dealing, enterprise corruption and/or money laundering. And they can put a lien on everything you own during the investigative process. Remember, keep your mouth shut!
There will undoubtedly be some geniuses whose math ability will tell them that all they have to do is to withdraw $9,999.99 and the bank and the guardian of the bank, the federal government will be none the wiser. It is not quite that simple. If over a period of 12 months, you show a pattern of cash withdrawals which fall under the $10,000 threshold of a Cash Transaction Report requirement, you will be convicted of Structuring and go to jail, every time. Therefore, I do not dare go back to any bank with my name on it and make a similar withdrawal. So long as I do not go to a bank in the next 12 months and make a similar withdrawal, the government cannot make a case against me Structuring because it requires multiple withdrawals over a discreet period of time.
Structuring transactions to prevent a CTR from being reported can result in imprisonment for not more than five years and/or a fine of up to $250,000. If structuring involves more than $100,000 in a twelve month period or is performed while violating another law of the federal government (e.g. money laundering, drug dealing, etc.), the penalty is doubled.
What Should You Do With Your Cash In the Bank?
Before, I suggest what one should do with their cash in the bank, I want to make the readers fully aware of how the banking system, along with the muscle provided by the Federal government, have made definitive plans to steal your cash in the bank.
- Treasury Secretary Jack Lew and the UK’s Chancellor of the Exchequer, George Osborne, on November 10, 2014, ran a joint exercise simulating how they would prop up a large bank (e.g. Bank of America) with operations in both countries that has landed itself in trouble. Also taking part in the “bank failure drill”, which included a cyber attack upon several banks, was Federal Reserve Chair Janet Yellen and Bank of England Governor Mark Carney, and the heads of a large number of other regulators, in a meeting hosted by the U.S. Federal Deposit Insurance Corporation.
2. As of November 16, 2014, your bank account has been collateralized against the derivatives debt. Hence, you had, in 2008, former CEO of Goldman Sachs and the Secretary of Treasury, Hank Paulson, telling a closed session of Congress that if they did not authorize the bailouts, there would be tanks in the streets in an ultimately, REVOLUTION! This was necessitated by the credit swap derivatives Ponzi scheme and the debacle that would follow the collapse of the dollar.
3. Further, the bankruptcy reform laws stemming from the Bankruptcy Reform Act of 2005, have given the credit swap derivatives counter-parties preference over all other creditors and customers of the bankrupt financial institution, including FDIC insured depositors. This is why the G20 effectively stole your money on the morning of November 16, 2014! On this action taken by the G20 nations, your bank account is no longer considered to be money. The bankers holding the bag on the credit swap derivatives will move to the head of the FDIC compensation line. In other words, if the banks are collapsed, your money will be used to pay down the derivatives debt. Therefore, the regulations requiring that your money be insured by the FDIC are no longer in effect! This devaluation of “money to something other than money gives what the experts call “super priority” in terms of the line of succession from which to collect bankruptcy monies.
The Bank-Bail-ins, or outright cash confiscations are coming. If you do nothing and leave your money in the bank, you and your money will soon be parted. If you recklessly try and withdraw your cash, you and your money will soon be parted and you will be in prison. So what can you do?
As the owner of DH Communication LLC, among other things, we own the exclusive rights to The Common Sense Show. We made a collective decision to primarily advertise for business interests that fits our chartered purpose, namely, to help people prepare to survive what is coming. Therefore, we place a premium on accepting advertising from business entities that increase the odds of survival. You would be wise to avoid banking prison that we all live under and make direct purchases of items that you will need to survive the coming economic calamity.
If you make purchases directly from your bank account for items you will need, you do not have to worry about Federal banking laws. I know that your NSA threat matrix score will go up, but it is the cost of doing business in a chaotic and corrupt country. Before the crash comes, you will need to take care of these six areas.
- You will need precious metals- Steve Quayle and Renaissance Precious Metals because your cash will soon be worthless or confiscated. When the cash is gone, you will need a medium of exchange and that will be gold and silver.
- You will need survival supplies (e.g. water filters, night vision goggles) when an economic collapse will lead to rioting hordes. This is why I shop at Readymaderesources.com
- You will need to store food, so I use Numanna.
- In a societal meltdown that will follow a banking collapse, you will need a means to protect your family and your resources. That means you will need guns and gun accessories. For this service I use DETCTactical. And you need to be trained in both tactics and how to use and maintain your weapons.
- You will need to stockpile medicine. If you are unable to do that, I would recommend going to Dr. Ted Broer’s Health Masters site and ordering natural products which act in the same capacity without the side-effects. Ted has successfully treated myself for two maladies and has had great results with Doug Hagmann as well. Ted is not yet an advertiser, on my site, but will soon be. When you contact Health Masters, mention Dave Hodges, or coupon code DAVE5 and receive 5% off your purchase price.
- The Patriot community needs a social media platform to interact in and to have access to topics which can serve to educate all the millions of people that Donald Trump is awakening. These people will need a place to grow and to learn how to take their place among a growing group of activists. FACEBOOK, with their censorship and spying, is not that place. Seen.life is that place. No spying, no censorship, no selling of your personal information.
Of course, everyone is free to use whatever vendor they choose. However, you need to cover these six critical areas in order to enhance your survival.
Several years ago, I wanted to withdraw $2,500 in cash from Wells Fargo. You would think that I was a bank robber. I gave them my DL, and I had a signature card on file at that branch. Thus began about a 15 minute wait. The teller must have spoken to 4 or 5 people. She would show them my DL and point at me. Finally, I got my money.
What I found out from a friend: Go to the bank and ask to increase the withdrawal limit from the ATM. They had no problem doing this. Sad, just sad.
That’s the feds. Here in New Mexico I believe it is $3,000 and up that they report to the state…so, check out your respective state laws also.
Pfffft. Amateur.
Have you not been paying attention? Do you not not know that you can’t take more than a few hundred dollars at a time from you bank account without being questioned, put under surveillance, and reported to the authorities? Don’t do that stupid shit.
You withdraw a normal measured amount of money at usual intervals on a regular basis. You build up a stockpile of cash. With that cash you can stick it in your dresser drawer, or buy postal money orders, or bury it in the back yard, or go to the local coin vendor to make deals , or turn it into laundry detergent which you can trade for other goods.
Only a moron walks into the bank asking for more than a few hundred dollars of their money in cash.
Dave Hodges is a maroon way behind the curve.
P.S. When you do get your regular allotments of small cash, be SURE that the bills are all new and in perfect condition, request this. Any kind of dog-eared or smalley damaged currency is increasingly hard to get rid of. Take heed.
“Dave Hodges is a maroon” – Priceless just priceless.
Stan,as it is your money in theory this bullshit should not be happening.That said,willing to take any older/dog eared monies that cause you consternation!
I have heard reports from foreign countries which use the US dollar as their national currency that the central banks of those countries will no longer accept any kind of damaged dollar paper currency, as instructed by the US treasury which notified them that damaged paper dollars will not be redeemable.
This is such a bad sign I have no words.
As always with a article like this,just leave enuff in account for debit card for bills.Put your monies in land if you have enuff/a little in metals,a good stockpile of things you will always use/tools/cloths/food/perhaps a little alt energy/a bit of farming or at least garden if you have land,in other words,have your value in hand.Yes,can still be stolen but then their is a fight for it,accounts vanish with the push of a button.
I us a small, local bank. It has a bunch of branches in a couple of counties in CT.
I withdrew $2,500 a while back just for spending money (I pay for most everything in cash) and also to reduce what is in the bank (liable for theft by the bank). Still have some left.
Did not have any problem with the withdrawal or any questions.
^^^ This.
I pretty much knew Hodges was behind the curve when I read “Yesterday, I went to Bank of America to withdraw $1500 cash”. ANYONE that has ANY money in any one of the TBTF banks since 2007 – 2008 is already hopelessly screwed. Once Paulson bailed out these clowns, and they were deemed “too big to fail” I proceeded to move ALL of my money out of Wells, Chase, B of A, Citi and any other bank that felt they were above the law, and opened accounts with local banks that had healthy balance sheets. It is pretty easy to find out what a bank’s liabilities and “assets” are by simply requesting and reading their quarterly reports. Most bankers at local banks will have no problem providing these. Try asking that question at a TBTF branch, and you are liable to get a look like you have 3 heads.
Any bank that has a proprietary trading desk, is using YOUR money to backstop THEIR investments.
My feelings exactly. The big shock in this article for me is that anyone still has an account with a bank like BofA.
Credit Unions or small local banks is the way to go. Fewer problems with things like withdrawing your own money. I’ve never had a problem with my Credit Union in withdrawing as much as I want.
Agree. I withdrew a considerable amount a few years back and I was not questioned at all.
Last month withdrew 7900 dollars from credit union to buy a car. No problem except I took almost all the cash the had on hand.
Still something to think about. Just because I am paranoid it doesn’t mean the are not out to get me.
Hodges makes some good comments about banking and the system.
This time, that is.
Mostly Dave Hodges is a complete nut-job.
His predictions never, ever, ever come true.
He claims insider contacts and sources that are not real.
To allow him to post on TBP is a great dis-service to the liberty movement.
He is a black-helicopter jockey and disinformation specialist.
Anyone who doubts what I say, go back through his site and read the materail he posts over the years… it is mostly all alarmist drivel with no truth backing him up.
Agreed. He is a false prophet. However his comments here on withdrawing are correct. The rest of the time he is pushing the bible and gold/silver/rations.
Some people in life make money in an honest fashion. Honor such as long as they are honest.
Hodges puts himself out on the tinfoil fringe sometimes and makes real sense others.
The times he puts himself on the fringe detract seriously from the times he makes real sense.
Maybe it’s just his nature. I usually don’t read him unless it is in relation to a link in a serious article somewhere else that I’m taking seriously because I respect what the writer usually says.
Anon,lets remember what was fringe/tin foil hat wearing(I look great with tin foil hat!)ect. is now many times the Norm,times are getting more “interesting” by the day.
I use a relatively new, relatively small locally-owned bank. I’ve never had any sort of problem with them. I’m known by sight by most and by name by a few. I go to cash a check, and the tellers happily count out the cash. I’m told that this county has many people who prefer using cash for purchases or bill paying, and I’ve yet to have any raised eyebrows when I pay cash. No way I’d use a chain bank.
I once cashed a check for $3,000, commenting to the teller about cross-country travel. Car trouble on a weekend? Not hard to find a mechanic who’ll work extra for under-the-table cash. She nodded in approval, smiled and counted. No snoop-sheet hassle.
I research and buy used vehicles with proven track records of dependability. I prefer one-owner rigs with owner (or mechanic) provided documentation of service/maintenance history and buy them below book price. Then, I drive them (and take excellent care of them) until they either rust beyond their value or until the wheels fall off, whichever comes first.
Craigslist is a perfect method to acquire vehicles because you can search for exactly the year, make and model of your preference.
In 2014, I found a vehicle on Craigslist I wanted about an hour away from me. When I called the owner, I could tell he was an older gentleman of…. shall we say…. a “cantankerous” nature. He told me, in no uncertain terms, he had other parties who were also interested. After many qualifying questions, I offered him $16,000 cash over the phone, subject to my looking at it and asked if he would hold it for me until I got there. He said for cash, he would hold it for me as long I was there by a certain time. I asked him who to make the cashier’s check out to and he replied, “no check”, he wanted $100 bills.
So, off to the bank I go. It’s a good sized bank and one of the most popular in my city. They only had 88 hundred dollar bills in that location. They had to make other calls before sending me to two other locations to gather up the remaining amount. I was late getting the vehicle but fortunately the guy held it for me when I told him what was happening. We both found the circumstances very interesting.
The lesson of that day confirmed something I already knew regarding fractional reserve banking, but I really came to understand the reality from a standpoint of experience. My money really wasn’t in my bank. In just one afternoon mental assent was translated into experiential wisdom.
The digital entries and paper bills were not real. But the vehicle is still in use today.
Think about what this means. Take delivery of that which is real. And, years early is better than minutes late.
What Happened When I DID Take $1,500 Cash Out of Chase Bank….
nothing.
Full disclosure, I am a Chase customer because a “while” ago my local bank was taken over by Bank One, who was in turn bought by Chase.
Chase’s normal ATM’s have a 4 or 5 hundred dollar limit. A year or so ago, they cut down on tellers and put in some “Super” ATM’s inside the bank lobby. After reading Dave’s adventure I left my office, took the elevator, walked across the street, up the escalator and here I am at my lobby ATM. I select cash withdrawal and am given several options including “Other”. To keep up with the story I select $1500. When I use this machine I usually select a custom number of 100’s and 20’s, but because I was in a hurry to get back (here) I took the suggested thirteen $100 bills and ten $20 bills. Out the door, down the “de-escalator”, across the street, up the elevator and back to my desk.
It took me less time to do this than it took to write out the post.
My money, no questions. (Well , yes, one question. My wife will be asking for her share) 🙂
(Don’t ask me how she’ll know)
Thank for listening
Agreed. Don’t know why I’m commenting because this isn’t dead thread on page 2, but this guy is full of shit. I’ve long thought hodges just made shit up or was some kind of disinformation agent of some type, but this kinda confirms it. I’ve gone into Bank of America numerous times and withdrawn more cash than that. At least once a year, shortly after I get my tax return, I go get 3-4K out in cash. The only question I’ve ever been asked when doing that is in what denomination would I like the money. That’s all.
I see absolutely no reason to antagonize anyone by saying get the hell out of my house or get off my damn property. 9 times out of ten respect begets respect. An encounter with legal authority does not need to be adversarial.
Here is a list to check the history of your bank. It is a bit
clutzy as it goes from the most bailout $ to the least.
There is a “what state” column and that is the easiest
way to locate banks in your state that required a bailout.
You might be surprised.
https://projects.propublica.org/bailout/list
I took a sizable withdrawal from my credit union Alaska federal here and not only did the young girls question me but charged me $7.00 to get the money from one of their other branches. I called bs and demanded they return my money. They refused so I withdrew all $30k and closed my account. Fuck with me…..
Best thing you can possibly do is find a good credit union.
Long ago I stopped doing business with all the big banks when they
started going authoritarian, atleast 10 years ago.
Whether a mortgage/loan or savings/checking account you will be far better off
with credit unions and often you end up supporting your own community not
some evil corporation with an evil agenda.
My credit unions Baxter Credit Union & Northern Hills Credit Union, very happy
with both of them. Baxter pays me 2 percent on my checking balance(with enough transactions) and reimburses me for atm charges, both monthly.
Last summer I received a deposit check in the amount of 3700 for a pool deck rehab job. I did not have my check book with me and I needed to purchase all kinds of supplies so I went to the bank that the Check was drawn on and cashed it. The teller put me into the ‘system’ because as the teller said “it was such a large amount”. That ordeal took over a half hour. I guess that 3700 is the new 10,000. I guess I’m in there with drug dealers, terrorists, etc. She had the nerve to ask me where u was living, what I was doing, and what I was using the money for. She seemed to enter everything into the ‘system’.
If you’re stewpud enough to use an insolvent zombie money center bank, you shouldn’t “act surprised” that they’re spying on you in addition to gouging you, before trapping you with their war on cash then robbing you with a bail-in.
Major liquid wealth should stored in silver and minimal operating cash kept in a local (free-)state-chartered credit union. I regularly withdraw thousands of FeRNs and the only question is, “How would you like that?” They’ll even cheerfully replace old 100 FeRNotes with the fancy new ones. They do get whiny if you ask for more than f5,000 at a time without prior notice.
The guy is a paranoid goof and was looking for a confrontation. I used to work in a casino. Do you have any idea how many CTR’s (Currency Transaction Reports) are generated on a monthly basis in casinos alone? Thousands! Multiply that by the thousands of casinos, banks, currency exchanges and you can imagine how many of these reports are generated on a yearly basis and given to the Feds. He really has no cause for concern generating a CTR.
But, what he should be somewhat concerned about is a SAR (Suspicious Activity Report). This is required when ANY out of the ordinary cash transaction is conducted in ANY amount of cash. I’m sure one was filed after his outburst. Even in that situation, involving such a small transaction, I highly doubt he would have any concern of a Gov official visiting him at home.
When the police question you about our activities the are not our friend.