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, It’s interesting that the New York Times used the phrase “furious lobbying” to the US Treasury in the past to stonewall such requirements, without mentioning the identity of that “furious lobbyist” organization — the National Association of Realtors (NAR). See this 2012 article from the much less shy ZeroHedge on that history:
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, http://www.zerohedge.com/news/why-nar-will-never-be-prosecuted-facilitating-money-laundering
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, There’s another aspect to the Treasury’s action that the NY Times didn’t touch: the ongoing global war on cash. Country after country is gradually adopting measures to make cash transactions as burdensome as possible, and in some cases flatly illegal or impossibler. The end game in a totally digital money world is that governments will be able to spy on, tax, confiscate, or freeze bank accounts capriciously — even or especially if you need those funds to defend yourself against government charges of “anything.” See this article:
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, http://thedailybell.com/news-analysis/36737/Cash-Confiscation-Wave-of-the-Future/
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