some coin discussion at c.s.y2k
'From:
kiyoinc@ibm.XOUT.net (cory hamasaki)
15:09
Subject:
Re: Warning About Cash
On Mon, 12 Oct 1998 05:30:13, "Chris_J" <kris_johnson30@hotmail.com.NOSPAM> wrote:
> Anti money-laundering legislation in some countries requires that "large"
> (your area's def: may vary) cash transactions must be reported. That's all.
> I believe "large" tends to be >= $10,000. The records are then used in
> things such as "drug busts", to trace and confiscate ill-gotten gains (money
> gained from illegal activities) if local laws permit, or simply to aid in
> the criminal investigation.
Come-On people, there are enough businesses that deal in large
quantities of cash that this is not an issue. Do you really think that
the instant you start shuffling 3-4,000 around, the big banking computer
in the sky will send a federal grand jury to check you out.
..and the fact that you simply say, I decided that my money wasn't safe
in XYZ bank so I cashed out, took it home, two days later had a change
of heart and deposited it in ABC bank... decided it wasn't safe, cashed
it out, took it home, two days later .... is not a crime. Just because
they don't understand your motives, that doesn't make you a criminal.
While the big computer is a nice idea... and I would love to have a
sole-source contract to refine the search algorithms and tune the
false-positive A.I. filters, it can't be done. I'm sure lots of
clueless computer contracting firms have written brain-dead proposals
to accomplish this.
I have some background in the needle-in-a-haystack business... running
compiled code to search and understand a few dozen parameters that
characterize a few thousand events. We burned up hours of mainframe
time to do this.... that's hours of CPU time against only a few thousand
events, It would take more than a day to process New York city.
In fact, I know several perfectly ordinary things that you can do that
would cause banks to pull your credit card... because their
false-positive filters aren't strong enough.
> I know that come 1/1/2000 I'll have some money in a back account, some in
> cash and some in a variety of precious metals (gold, silver, platinum and
> possibly palladium & titanium.) I'll have a wide variety of denominations,
> and probably several currencies. I'm tempted to open bank accounts in a
> couple of other countries too...
Silver yes, if you have recognized standard coins...
Gold, maybe if you're planning for the long haul. There's a
time traveling SF story about a guy who makes his getaway with a bunch
of Double Eagles sewn into a vest or belt.
Forget Platinum, unless you're going to be in Japan...
I saw a jeweler mistake Platinum for "white gold". It is different but
they don't see it enough to recognize it.
Same with Palladium. You'll get, what is this?
Stick to silver, get a huge sack of it if you want and Eagles, Maple
Leafs, whatever, if you think you'll be on the run.. a situation that
has happened to entire countries in recent history.
Now titanium, absolutely! Get lots but only if you get it formed into
helmets and chest plates. I would love to have a titanium hard-hat.
Careful though, titanium is a common, inexpensive metal, our commie
friends built a submarine hull out of titanium. We built aircraft out
of titanium. The pilot of the A-10 Warthog sits in a titanium bathtub,
bullets and shrapnel bounce. His gattling gun canon fires depleted
uranium slugs that slice through tank armor.
I know a guy who has a titanium bicycle, the Teledyne Titan.
Another guy, a geezer, built a key component of his "invention" out of
titanium. He said it was a bitch to machine. Took a long time using
Cobalt edged cutting knives in his lathe... something about problems
with the 88-levels, I think.
cory hamasaki 445 days, 10,696 hours. |
