Analysis of News—www.analysis-news.com

Of Interest to Investors, Survivalists and Others Concerned About

Their Economic and Financial Futures

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With a focus on the Plutocrats, Goldsmiths, Super-Rich Insiders, and their Allies

 and what they are conspiratorially doing to manipulate the financial markets,

make more profits, rip us off and install a world government under their control

 

 

Tracking Our Money

 

By R. D. Bradshaw

 

Once the public was forced to use social security numbers in order to open a bank account, as has happened in America in the last several years (see the study at the left index on Identification Cards and Numbers at www.analysis-news.com), the banks went to work to see what all they could do with the convenience of an identifying (social security) number for all American citizens. 

 

A news report on Aug 1, 2000, disclosed that the banking establishment has set up a central data base of Americans using banking services that have bounced checks or otherwise--like insufficient funds, closed accounts or whatever.  Of course, this data base is predicated upon social security numbers.  Credit reporting agencies now routinely have the complete financial profile and history of a person once the social security identification number is imputed into the files. 

 

What all the banks will use this data base for is still open to question.  For sure, this data base will be consulted when a person applies for a loan or credit.  Since the banking industry has access to it, we can be sure that Big Brother in Washington also has access to the same files. 

 

Big Brother is intimately involved in spying upon and monitoring all possible financial activities of all US citizens in the vein of fighting terrorism.  Of course, the government is doing this through the use of social security numbers in the banking system.  Remarks to follow will focus on government monitoring and spying going on in the matter of having bank accounts, writing checks and transferring money (amounts, who to, why and so forth). 

 

Banking Dossiers 

 

Beyond all of the personal identifying information (including social security numbers, etc) which US banks now require from customers and which are being used for various purposes (as noted above), something far more sinister is also en-place, as outlined in an article on “Big Brother Banks” in the Dec 1998 “Idaho Observer” (p. 8). 

 

The essence of this report was that the federal government under Clinton launched an effort through the Federal Deposit Insurance Corporation (FDIC) and Federal Reserve Bank which required banks to compile all types of new data and information on customers.  Reportedly, this is being fed into centralized federal computers to compile profiles and data on all Americans having bank accounts. 

 

The specific information is an effort to determine where each customer’s money comes from and where it goes.  Once a profile is established, the feds will be in a position to recognize and leap upon any deviation.  In other words, if a customer comes up with an unusual deposit, this fact will be immediately highlighted.  Any unusual checks will also prompt an immediate inquiry as to why.  Obviously, this system is a goldmine for the IRS.

 

From the beginning, banks have been required to make reports to the FDIC on unique deposits and checks.  In time, the system will likely become so sophisticated that data from the banks feed directly (on-line) into monitoring federal computers. 

 

This banking profile of people is being accomplished through the use of Social Security ID numbers and the huge push on the concept of a cashless society whereby deposits and deductions from bank accounts are done without the use of cash.  Automatic deposits and credit card purchases are making this possible. 

 

To force all people to have bank accounts (and come under the program), the feds have commenced a policy of depositing all federal checks (social security, retirement, etc) directly to bank accounts.  In other words, a person cannot receive a federal check directly and operate on a cash basis.  Over time, this program will extend to all payments made to people (i.e. retirement and payroll checks, etc). 

 

Know Your Customer 

 

This just cited FDIC and Federal Reserve program is called “Know Your Customer,” as initiated by former President Bill “Slick” Clinton.  Already, US banks have implemented it.  The article said that the objective is to insure that the activities of all bank customers are “supervised” at various levels of monitoring and control. 

 

“The American Sentinel” newsletter of April 2001 had a detailed update report on the Clinton Know Your Customer plan.  As noted above, this Clinton scheme surfaced in 1998 in the form of Treasury Department regulations.  There was a storm of protests over it.  So Clinton temporarily withdrew the regulation.  But it came back in the Bush War on Terrorism and is now standard across the US.

 

Wikipedia on the Internet on Dec 26, 2008 offered this definition of Know Your Customer:

 

“Know your customer (KYC) is the due diligence and bank regulation that financial institutions and other regulated companies must perform to identify their clients and ascertain relevant information pertinent to doing financial business with them.  In the USA, KYC is typically a policy implemented to conform to a customer identification program mandated under the Bank Secrecy Act and USA PATRIOT Act.  Know your customer policies have becoming increasingly important globally to prevent identity theft fraud, money laundering and terrorist financing.  In a simple form these rules may equate to answering twelve questions, but this is the tip of the iceberg and regulators now expect much more.  KYC should not be thought of as a form to be filled - it is a process to be undergone from the start of a customer relationship to the end.

“One aspect of KYC checking is to verify that the customer is not on any list of known fraudsters, terrorists or money launderers, such as the Office of Foreign Assets Control's Specially Designated Nationals list.  This list contains thousands of entries and is updated at least monthly.  As well as sanctions’ lists there are lists of third party vendors that track links between persons regarded as high-risk owing to negative reports in the media about them or in public records.

“Beyond name matching, a key aspect of KYC controls is to monitor transactions of a customer against their recorded profile, history on the customers account(s) and with peers.

“Banks doing KYC monitoring for anti-money laundering (AML) and Counter-Terrorism Financing (CTF) purposes increasingly use specialized transaction monitoring software, particularly names analysis software and trend monitoring software.  

“The generated alerts identify unusual activity which is then subject to due diligence or enhanced due diligence (EDD) processes that use internal and external sources of information on the subject, including the internet.  This helps to determine whether a transaction or activity is suspicious and requires reporting to the authorities.  In the US it would require Suspicious Activity Reporting (SAR) filing to Financial Crimes Enforcement Network (FinCEN).  In the UK it would require a report to Serious Organised Crime Agency (SOCA).

“KYC has different connotations and the definition above is from an AML/CTF perspective.

“Know Your Customer processes are also employed by regular companies of all sizes, for the purpose of ensuring their proposed agents', consultants' or distributors' anti-bribery compliance. Banks, insurers and export credit agencies are increasingly demanding that customers provide detailed anti-corruption due diligence information, to verify their probity and integrity.

“Some specialist consultancies help multinational companies and SMEs conduct Know Your Customer processes when entering new markets.”  

To add fuel to the scheme, the (international) Committee on Banking Supervision in Basil, Switzerland adopted guidelines which are very similar to Clinton’s Know Your Customer program.  They have labeled it a “due diligence” program of identifying customers, monitoring high risk accounts and risk management.  But as the Sentinel notes, it is very close to Know Your Customer. 

 

The guidelines of the Committee on Banking Supervision’s are becoming the global standard for all banks worldwide.  Though it lacks the force of law internationally, it appears that most countries and most banks are voluntarily adopting the international regulations. 

Enhanced Due Diligence (EDD) Program.

For this one, Wikipedia of Dec 26, 2008 said: 

“EDD has not been internationally defined.  As a result financial institutions are at risk of being held to differing standards dependent upon their jurisdiction and regulatory environment.  An article published by Peter Warrack in the July 2006 edition of ACAMS Today (Association of Certified Anti-Money laundering Specialists) suggests the following:

“’A rigorous and robust process of investigation over and above (KYC) procedures, that seeks with reasonable assurance to verify and validate the customer’s identity; understand and test the customer’s profile, business and account activity; identify relevant adverse information and risk assess the potential for money laundering and / or terrorist financing to support actionable decisions to mitigate against financial, regulatory and reputational risk and ensure regulatory compliance.’

“Using a risk-based, tiered approach the definition can be tailored to suit a particular product or service.  It is assumed that usually EDD is triggered by regulatory requirement, risk-scoring and detection systems and that in a tiered approach, the process becomes more manual as the level of EDD increases.” 

Enforcement 

 

A July 2001 promotion letter from Sentinel editor Lee Bellinger mentioned the establishment of the US Treasury’s “Financial Crimes Enforcement Network.”  Apparently, this US effort oversees all of the various banks’ monitoring work in league with the IRS and other federal agencies. 

 

The US Treasury Department has had for some time a specific organizational unit devoted to the monitoring of the financial activities of American citizens.  It is called FINCIN--meaning the Financial Crimes Investigations unit.  This FINCIN organization manages the overall Financial Crimes Enforcement Network and coordinates input and networking with the various federal agencies involved. 

 

Deposit Tracking Records 

 

Analyst Mark Nestmann predicted that the next big move in the financial eavesdropping program was a “Deposit Tracking System” (Apr 2002 “American Sentinel,” p. 4).  The plan was to establish a procedure to instantly track all US credit card and bank transactions. 

 

With this system, Big Brother has an on-line process of monitoring all financial transactions of all Americans instantly.  An Oct 2002 letter from Lee Bellinger, editor of the “American Sentinel” (p. 3), said that the plan was that FINCIN agents in the Treasury would be able to link all financial information together as applying to people--to include all deposits, credit card purchases, etc. 

 

Sending Money Overseas 

 

Through the years this writer has occasionally sent a little money (in the form of a check) to certain religious ministries, mainly in the state of Israel.  These have been small checks, generally of less than $100.  In past years, these checks cleared my bank rapidly within a few days and there have been no extra charges on them.  Never have any of the banks involved ever made a charge to me for clearing these checks. 

 

In January 2003, this writer sent a small check overseas.  Before the check could be cashed at the overseas bank, it was necessary to send them a certified copy of my passport and fill out an information sheet. 

 

In June 2002, the bank involved had a form out that there now was a charge of $12 to clear a check to the US.  By late 2002, the charge had increased to $22.  In Jan 2003, the charge was said to be $75.  I was informed from the payee that the bank involved said that they were not making the charge but that it was being made to clear my check to the US.  Since my bank charges nothing on these checks, it meant that someone else was doing it. 

 

In a later check of the endorsements on the check, it appeared that J. P. Morgan-Chase (the lead Rothschild bank in the US) cleared the check to the Federal Reserve Bank in Seattle and on to my account in Idaho State.  It is almost a certainty that the JP Morgan-Chase Bank is making some outrageous charges to clear an overseas’ check. 

 

The next surprise to me was information that it will now take up to six weeks to clear a check presented in some overseas areas--as drawn on a US bank.  This is absolutely incredible.  Within the US, the Fed clears these checks within a day or two. 

 

Actually, in the case of this 2003 check under discussion, it took seven weeks for credit to be given for its clearance.  The evidence was massive that either JP Morgan-Chase simply kept the money and used it for seven weeks before giving credit, or something else was afoot. 

 

This writer has been unable to completely ascertain the problem with this huge charge and delay in clearing a check from overseas.  It completely makes no sense at all that any foreign bank or banking authority would be taking any action to interfere with any flow of money into their own countries (after all, this inflow benefits the economy of all foreign nations).  So the problem is probably with the JP Morgan-Chase Bank in New York. 

 

In thinking about this situation, the thought came to me that somebody (possibly someone in the Fed, in collusion with US Treasury agents) was putting a hold on these checks to do something with them (perhaps a good guess would have been that someone was compiling dossiers on the check writers and other information on the checks as a part of the FINCIN program). 

 

There is no doubt but that someone in the government is recording information on all checks passing through the US banking system.  However, it is very doubtful that these government intercepts are responsible for the outrageous charges to clear a check and the huge delay in getting the transfer completed.  Frankly, the best guess is that the outrageous charges are coming from J. P. Morgan-Chase. 

 

Of course, the clearance of checks though the banking system allows the Big Brother state to completely monitor and profile all checks of all persons as the checks clear through the banking system (primarily through the notoriously evil Federal Reserve Bank).  In conjunction with the monitoring of all credit card purchases, the state is able to keep track of exactly how we spend our money.

 

Actually, the new financial monitoring system will allow Washington to monitor all purchases of everything.  Accordingly, the Maryland-based Sovereign Society is recommending that people buy books and everything else possible by cash; because if checks or credit cards are used, the purchase can be traced and analyzed. 

 

Thus, if someone should, by chance, buy a book on Islamic fundamentalism, Big Brother would be interested in the purchase (which would be traceable by check or credit card).  Accordingly, for self protection, a wise man should start using cash for purchases which can invite trouble down the road. 

 

More

 

In April 2002, the US Treasury Department issued regulations which will require credit card companies, mutual fund brokers, commodity dealers and wire transfer firms to fill out and return to Washington “suspicious activity reports” on their customers (May 2002 “American Sentinel,” p. 12).  These regulations require that these private institutions appoint a compliance officer to make reports to Washington. 

 

The May 2002 “American Sentinel” (p. 12) also quoted the “Wall Street Journal” and noted that the Treasury Department is similarly preparing regulations to require all American travel agents, hedge fund managers, auto dealers, boat dealers and gem and precious metal traders to start making these “suspicious activity reports” on their customers. 

 

IRS Tactics 

 

Along with the greatly expanded operations of the FBI and the various US hate groups (like the Anti-Defamation League); one must not lose sight of the IRS (which is in a very favorable position to really monitor people on the right in terms of filed tax returns).  Once the IRS obtains data on tax filers, the information can be shared with other agencies (like the FBI, ADL etc). 

 

The Apr 2001 “American Sentinel Bonus Report” noted that in 2000, Clinton rearmed and retooled the IRS with the latest advanced state of the art collection technology.  Under the FY 2001 appropriations bill, the IRS received an increase of $769 million and 2,835 new agents to beef up its collection efforts.  Like this report said-- “A meaner, leaner and more effective IRS ‘Reinvented’ agency is on the way.” 

 

This new look in the IRS certainly materialized in early 2002.  The May 2002 “American Sentinel” (p. 2) said that IRS Commissioner Charles Rossotti (a Bush holdover from Bill Clinton) announced a 28% increase in IRS audits using an IRS technique called the National Research Program (NRP). 

 

The NRP conducts a line-by-line analysis of a tax return comparing data with a national average.  If any line on a return is higher than the national average, the difference is scored by a computer.  The higher the score means the more likelihood of further IRS examinations and checks. 

 

The article also reported on a new IRS practice which consists of making a detailed examination of a tax return without the knowledge of the taxpayer (ibid, p. 2). 

 

This technique involves accessing third party information about the taxpayer and his spending habits from property records, loan data, insurance providers, credit card accounts, court records, trade and membership associations, and checking with other data in some 37 federal and 215 state and local government agencies.  With this abundant information, the IRS is well prepared before even seeing the taxpayer. 

 

Information from credit card accounts can be awful revealing in terms of both purchases and how much money a person has to spend.  Already, per the Cato Institute, the IRS has obtained 1.7 million records from American Express and Mastercard on some 230,000 credit cards issued by banks in the Bahamas, Antigua and the Cayman Islands (ibid, p. 2).  Visa soon followed by the IRS.

 

As the Sentinel article noted, it is perfectly legal for a taxpayer to have a credit card in various off-shore tax havens.  However, the IRS employee’s handbook says that people with these off-shore cards are classified as “tax avoiders.”  Assuredly, it means that their tax returns get extra attention. 

 

While the IRS has its usual methods of going after taxpayers, there is another feature of this discussion not mentioned by the Sentinel.  Some important political leaders have been known to use the IRS as a terror and blackmail agency to go after political opponents.  Presidents Lyndon Johnson, Richard Nixon and Bill Clinton all used the IRS to audit their political enemies. 

 

Satellite Monitoring 

 

The Jan/Feb 1999 “Prophecy Club” newsletter (p. 1) had an article on the “Iridium System:  The Mark of the Beast?” describing the possible future of computer chips, computers and satellite monitoring systems, all of which can link and monitor every aspect of every person’s life. 

 

Using implanted microchips and various bar code devices, orbiting satellites can monitor every aspect of man including commercial, social, economic, religious and so forth from space.  This data can be rapidly funneled into giant computers on the ground which completely profile and correlate all data known on man. 

 

Thus, a person driving along the road will be monitored.  If he stops at a store to buy something, his stop and purchase will be monitored.  If he goes home and has a discussion with his wife, the discussion will be monitored--using sophisticated listening devices.  If he attends a religious meeting, his visit and the discussion will be monitored.  These capabilities go on and on into all facets of human existence. 

 

No one should laugh and make fun of the very suggestion that Big Brother is now or will be soon tracking all automobiles--where they go, which roads they travel and how long they stay at a particular destination.  The Dec 18, 2000, “Spotlight” (p. 2) had a news report that the US and nine state governments have worked on the plan, using computers which allow satellites to monitor cars at all times. 

 

Microdot computer chips (the size of a grain of sand, 300 feet below the ground level) can be tracked from space to within one foot of geographical accuracy.  With this sophistication and the most extraordinary computer capabilities, no one can escape the watching eyes of Big Brother. 

 

Spying Equipment 

 

Of course, powerful and very technologically advanced surveillance cameras are also being used throughout the American society--often, by private businesses, like banks. 

 

The May-Jun 2002 “Prophecy Club” (p. 5) newsletter noted that these cameras are going up all over America in malls and shopping centers.  It is unclear where and how the police and FBI will have access to these cameras, but it is on the drawing board under some pretext. 

 

Already, a new facial recognition system is in force.  Once cameras are in place all over America, it will be very easy to use sophisticated computers to analyze and study all people passing through or in a bank, mall, business, etc.  All persons can be readily identified with the facial recognition system. 

 

Detecting Money, Guns, Etc. 

 

“The Prophecy Club” newsletter of Jan/Feb 2000 (p. 9) had an article on “The Loss of Freedom, Tracking Our Currency!” which noted that the Vice President of the Federal Reserve Bank in Richmond, VA said that US currency had to be designed to include ink and markings that can be read by scanners on earth or in orbit as satellites.  US money now carries these secret marking symbols. 

 

The proposal was made on the premise that Americans can be penalized for carrying too much cash.  In other words, people can be monitored to regulate and control how much cash they possess.  Hoarding of cash will be discouraged and eliminated just as the hoarding of food, gasoline, guns, ammunition and so forth. 

 

Moreover, one of the real purposes of this cash marking plan is to discourage and indeed even eliminate the use of cash in society at large (thus, contribute to a cashless society).  People will be forced to use banks where purchases can be scanned and automatically charged to a person’s bank account, based simply upon the scanner reading identifying data on a chip, tattoo or implant. 

 

Truly, man has reached the cashless society position, long talked about; but never fully implemented, nor really ever completely understood, as is possible today.  Certainly, Revelation 13:17 is now knocking at the door.  Soon, everyone will have to have the right number or identification (on his card or chip) to buy or sell. 

 

More Detection Capabilities 

 

Also, the Jul 9, 2001, “Spotlight” (p. 2) had a news item on the development of a new frisking device to be used by police to make a search of a person’s body or possessions without any physical contact.  The device uses electromagnetic waves to disclose hard objects--like guns, keys, wallets, etc.  Reportedly, this technology can be used to monitor a person’s body, possessions and home at all times. 

 

Actually, the May-Jun 2002 “Prophecy Club” newsletter (p. 6) indicates that new technology is now available to allow a full body x-ray of people in certain situations instead of a body pat.  These x-ray machines can be used at airport boarding stations.  Presumably, these machines will reveal everything on a body.  Travelers now routinely re examined by these x-ray machines.  They are so sophisticated that the nails in a pair of shoes can be revealed (meaning that people must take their shoes off before being x-rayed). 

 

In recent years, this writer has read reports of people being stopped by police because of the amount of money in their pocket.  Now, police have the technology of scanning a person (either walking, standing or present in an automobile) and determining precisely how much money is that person’s pocket because of the markings on money and the sophisticated monitoring devices. 

 

Before closing this report, it must be said that I originally wrote this article in 2003 and cited technology in various 1999-2003 reports.  Things are moving so fast in today’s world that whatever noted above in technology is already substantially more advanced. 

 

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