Warren isn't worried..."We are the reserve currency, I see no option for any other currency to be the reserve currency," This story was posted yesterday btw so pretty timely.
Warren Buffett isn't worried about the dollar's dominance. He predicted it would still be the world's reserve currency in 2065.
The greenback is unlikely to cede its global status for decades to come, if ever — but printing too many dollars may cause big problems, Buffett said.markets.businessinsider.com
Oooh, the police have a picture of the robber, that’ll get my money back (sarcasm applied)
Deposit it $100 at a time daily to make them really really suspicious.
Most people think that anything over $10k gets reported. Truth is, anything over $3k gets reported, you just don't know it. Especially if it's a one time thing, and you don't own a business account with them.
Yep, it’ll look like I’m selling coke in $100 daily increments.
I think your confusing identity checks on cash type transactions (banks) with regulatory checks to the IRS on bank transactions (Feds).
Put the cash aside in a safe and pay your bills and groceries with it.
By law, banks are required by the IRS to report any transactions of $10,000 or more.
Banks must also report any 'suspicious' activity. A SAR must be filled out for any number of transactions that may be recommended by the FEDs as important to combat money laundering or other illegal activity. There is no magic number for deposit amounts or frequency. We had to have semi-annual training to spot or identify 'suspicious ' activity. Also, were subject to oversight by something like 5 different federal agencies that audit and slap the bank if they fail to report. This leads to over reporting as most big banks would rather have customers leave than be fined or shut down by regulators.By law, banks are required by the IRS to report any transactions of $10,000 or more.
By law, any person or business that receives any payment of $10,000 or more also has to report it.
Understand how to report large cash transactions | Internal Revenue Service
FS-2021-03, February 2021 — Although many cash transactions are legitimate, the government can often trace illegal activities through payments reported on complete, accurate Forms 8300, Report of Cash Payments Over $10,000 Received in a Trade or Business. Here are facts on who must file the...www.irs.gov
Just be sure to go through it first and take the tracking device out.
They love to get you coming and going. Especially when you have no choice.
Kind of satisfying to see a title company get stung on a coverage gap when they are so known for nit-picky exclusions.
In some jurisdictions, SWAT would show up and the cash seized since it is obviously from a criminal enterprise....
