Banks Are SPIES!!!
As required by government (they don't even have a choice!), banks have to report every transaction above $10k, or even transactions that are just under #10k, comply with privacy-violating Know Your Customer (KYC) requirements that are a major cybersecurity threat, report customers based on numerous "red flags," and all of that results in tens of thousands of innocent people each day treated as potential criminals.
Banks Are Narcing on You Because Congress Forces Them To https://reason.com/2025/01/25/the-banks-are-narcing-on-you/
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0:00 - Intro
0:25 - Banks Are Unpaid Undercover Law Enforcement
1:15 - The Bank Secrecy Act of 1970
2:21 - The Reporting Amount Was Never Adjusted for Inflation
3:48 - Expanding Requirements Post-9/11
5:06 - Red Flags
6:57 - Tens of Millions Each Year, Only 0.0014% Are Actually Charged
10:20 - Repealed These Laws and Restore Conduit Protections for Banks
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0/2000
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You have JFK, Johnson, and Nixon to blame for all that. Ditto for Joe Biden, Strom Thurmond, Edwin Edwards, Bill Clinton, etc. It isn't just the banking industry lobbying for this; you have public-sector lobbies keeping it afloat, and the worst part of it is that they are the ones pushing it the most with no pushback. Therefore, I say end this now. In summary: -The Bank Secrecy Act: Failed. -Under the Eagle's Eye: Failed. -The Patriot Act: Failed. -The Military Commissions Act: Failed. There's a reason why hesitated to start a bank account, and you explained it.
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