> Kind of a strange quote since the act of laundering money is to > take 'dirty' > money and attempt to make it look like 'clean' money. No. "Money laundering" means the unsupervised use of money. Any ordinary citizen, completely uninvolved in any wrongdoing, can be prosecuted for "money laundering" if he takes steps to insure his financial privacy. Any private transaction not reported to Big Brother is money laundering. Of course, the socialists claim such laws apply only to "large" transactions, over $10,000 in the U.S. But your bank reports _every_ transaction to prevent "structuring," the wacky thought-crime of disguising a big transaction as many small ones. Who decides whether you're trying to do that or whether it's just a bunch of small transactions? Big Brother, of course. The decision is based primarily on whether you own a nice yacht that can be siezed. In other words, Big Brother gets to micromanage your bank account. Any attempt to avoid this scrutiny is money laundering. It is highly likely that in the not-too-distant future the U.S. government will demand complete access to E-Gold's records the way it does to bank records (note well, they don't need a search warrant to get my bank records, the bank simply reports all transactions to them). Failure to give them such access will be called money laundering. Incidently, money itself is neither dirty nor clean. It may be either stolen or not, but it is the act of stealing it that should be illegal, not the act of unknowingly selling a car to the person who stole it (you're also a money launderer if you do that, and yes, they really do prosecute people for that). --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
