Tyranny: U.S. Treasury Seeks To Monitor Every Bank Account With Over $600 And Report It To The IRS

On Thursday September 9th – the day President Biden announced his administrations new sweeping vaccine mandates – the Treasury Department unveiled a proposal to track and monitor all bank accounts that hold at least $600.

Congress And Senate Are Exempt From Biden’s Vaccine Mandate

This was explained in their newly release document titled “General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposals.”

This proposal would create a comprehensive financial account information reporting regime. Financial institutions would report data on financial accounts in an information return. The annual return will report gross inflows and outflows with a breakdown for physical cash, transactions with a foreign account, and transfers to and from another account with the same owner.

This requirement would apply to all business and personal accounts from financial institutions, including bank, loan, and investment accounts, with the exception of accounts below a low de minimis gross flow threshold of $600 or fair market value of $600.

The memo states

These new proposals also “apply to crypto asset exchanges and custodians.”

In a statement to the Daily Mail, Patrick Hedger, vice president of policy at the Taxpayers’ Protection Alliance, said this is an obstruction of the fourth amendment right.

The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated, and no Warrants shall issue, but upon probable cause, supported by Oath or affirmation, and particularly describing the place to be searched, and the persons or things to be seized.

Amendment IV states

The IRS is first and foremost, a law enforcement agency, and the Fourth Amendment protects against unreasonable searches and seizures in pursuit of, of looking for wrongdoing and criminal actions, so I think this is going to run into severe Fourth Amendment headwinds.

You’re going to push more folks into small cash transactions, you’re going to push more banking offshore … the big fish out there that do have sizable assets that are that are eligible for taxation offshore. This is the ultimate regressive tax.

You’re going to end up punishing the worst off among us … the lower income folks in this country have historically been the targets of aggressive IRS audits because they don’t have the CPAs and the lawyers to be able to fight back.

Hedger said

Just recently The WinePress cited a statement from the University of Georgia, how going cashless would benefit Americans as, they believe, it would cause taxes to be reduced. Their statements were made not too long before Biden’s announcement.

What we’re suggesting is to take cash away but reduce taxes. It turns out this more than just compensates for not having cash, but it can actually make people better off.

The study author wrote

Furthermore, The WP also noted in early-June that the U.S. Congress – from both parties – called upon and urged the Federal Reserve to create their own regulated and platformed digital dollar.

We need a digital dollar to participate in that movement of commerce onto the blockchain in the years ahead.

Rep. French Hill, co-sponsor of the bipartisan bill

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AUTHOR COMMENTARY

The rich ruleth over the poor, and the borrower is servant to the lender.

Proverbs 22:7

The rich man’s wealth is his strong city: the destruction of the poor is their poverty.

Proverbs 10:15

And they are not playing around either: PayPal has been going after me about this. I got a message from them, I think about two weeks ago – which would have been before the Treasury released this document – telling me that I need to provide my tax numbers; if not, I essentially would not be allowed to collect my donations. Then not long after they actually called me on my phone telling me that I need to work this out (still prior to the treasury’s memo release). Then, right around when their document was published, PayPal FINALLY clarified why they want the info, stating that the proposal of having $600 and more in my account needs to be reported.

So, this thing is not even on the books and they are already trying to track and trace every last transaction I am doing.

And it is not just PayPal, it’s ALL banks. “Coincidently,” my local bank raised their minimum balance to $600, or I get charged with a small fine. But I am sure that is just “conspiracy theory,” right?

I have already been looking into switching platforms to collect donations, but now with this new law that will get passed because our “loving representatives” – who bow to the banks and corporations – will have some spin as to why it is necessary. Probably to “compete with China,” per the usual excuse to rip up our Constitution and Amendment Rights.

Perhaps I will switch to getting a P.O. Box and people can send donations physically. But, of course, then that will cost more money to have one.

So, if readers could please pray for me on what the best course of action to take is best, I would be so grateful.

And of course, as students of scripture know, this is one more step closer to the eventual mark of the beast system (Revelation 13:16-18) – hence, why a university “coincidently” decided to post a statement on why going cashless is good; but even they admit, like Hedger said, this would further crush the lower wrung of people who are already tapped out.

But you see, that’s the whole point: as The WinePress has proven time and time again, the pompous statement made by the World Economic Forum – Agenda 2030: “You’ll Own Nothing And Be Happy!”

But was this move by the Treasury and the IRS frontline news? Don’t kid yourself. Here in America: land of the slave, home of the sissy, people are far more concerned with their 6-pack and their sex, addicted to their phones, addicted to their video games, addicted to their gambling, their sports, their movies, their fantasy football, their beach parties, their selves! (2 Timothy 3:1-8). But rather, here were this morning’s “jaw-dropping” headlines that are causing the world to turn upside down:

Hedger, mentioned in this report, correctly says that this an obstruction of the fourth amendment. But do think this country even knows or cares? Fat chance – literally; have you seen the size of people these days?

Nevertheless, what can we do about it?

There is that maketh himself rich, yet hath nothing: there is that maketh himself poor, yet hath great riches.

Proverbs 13:7

[4] Labour not to be rich: cease from thine own wisdom. [5] Wilt thou set thine eyes upon that which is not? for riches certainly make themselves wings; they fly away as an eagle toward heaven.

Proverbs 23:4-5

These events further why I continue to tell readers to learn skills so you do not need to depend on all kinds of income. It will be more difficult, yes, but with less money, what can these thieves really take at that point? This also furthers why you should not fall into the precious metals and crypto trap that Satan has set for people. Check those out.

Should A Christian Invest In Gold And Silver?

What Will Happen When Cryptocurrencies Are regulated And Banned?

Make no mistake either: these rich bankster gangsters will get there’s soon enough. Just wait.

Riches profit not in the day of wrath: but righteousness delivereth from death.

Proverbs 11:4

[15] And the kings of the earth, and the great men, and the rich men, and the chief captains, and the mighty men, and every bondman, and every free man, hid themselves in the dens and in the rocks of the mountains; [16] And said to the mountains and rocks, Fall on us, and hide us from the face of him that sitteth on the throne, and from the wrath of the Lamb: [17] For the great day of his wrath is come; and who shall be able to stand?

Revelation 6:15-17

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[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).

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