To: John Mansfield who wrote (33 ) 10/12/1998 3:55:00 PM From: John Mansfield Read Replies (3) | Respond to of 90
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.