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Asked by Crystal72459 - 9 months ago
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joensf Level 81
Answered 9 months ago
do you have money in an oversea account or in a different country? if the answer is no. then the best i can figure is it will do nothing to you. there are a bunch of wing nut blogs on this. many talk like a house bill is a law. it appears just crazy people.
Additional Details added 9 months ago
i just want to mention

congress passes laws!

lets try that again

CONGRESS PASSES LAWS, not the president!
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faxman Level 31
Answered 9 months ago
It's amazing that for all the lip service paid to the so-called "new currency law which is supposedly scheduled to take effect 1 July 2014, there is no link provided for the actual written law -if there is such thing. Why? Well that law is supposed to be secret. Why? Because that's what certain schemers and scam artists would have have you believe because they're out to sell you investments in such things as Bitcoins and silver and what have you.

There is a big stink being raised to outlaw Bitcoins whose inventors have been propagating a major marketing campaign for going on two years now to fleece whoever is stupid enough to get involved with that. They've been propagating Bitcoins as a replacement for the U.S. dollar after its predicted collapse.

There is also a billionaire investor by the name of Porter Stansberry whose investment company is positioned heavily in silver he's trying to sell to anyone gullible enough to swallow his bait hook, line, and sinker. He's propagating scare campaign based on the predicted collapse of the U.S. Dollar simply to sell his silver and/or futures in silver. The more he and his company can scare you, the more you'll pay for his silver.

Below is a link where you may learn more about the new currency law than you currently know. But my question is: Do you really want to? If so, you're on your own:
Source Faxman
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Sparky5458 Level 63 / Retired Golfer
Answered 9 months ago
Don't know your financial status so I can't help you.
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Answered 9 months ago
It may not effect the most of us. But I believe the reason they put it out here was for the the conspiracy theorists.
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Richard Level 78 / Retired Dentist
Answered 6 months ago
If you are reporting all your income to the IRS, it will not affect you.
If not, it may make it easier to catch you.
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