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Michigan Post > Blog > Economics > The Hazard Of Touring With Gold | Economics
Economics

The Hazard Of Touring With Gold | Economics

By Editorial Board Published March 31, 2025 4 Min Read
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The Hazard Of Touring With Gold | Economics

Two males have been pulled over whereas driving on I-20 in Texas, carrying $250,000 price of gold bars. US regulation permits and encourages regulation enforcement to confiscate belongings. Civil asset forfeiture allows the federal government to easily seize belongings and declare that the proprietor is responsible of cash laundering earlier than any due course of happens.

“We have to be able to prove what that criminal activity was, in other words how they got the money that they laundered. A lot of times that’s hard when your case starts with a traffic stop,” DA Tonda Curry mentioned. Officers and drug sniffing canines searched the boys and their automobile however discovered nothing apart from the gold. Curry initially tried to pin the boys with cash laundering prices however couldn’t make a case. The DA then decided that the boys have been concerned in some prison group “that defrauds the elderly with investment-type scams.”

Since they have been immediately charged with against the law, the regulation permitted the officers to confiscate the gold. “So he can’t give it back to them and let them go on down the road, it’s not theirs,” the DA defined, saying that charging the boys with a civil case could be simpler to show than an precise prison investigation.

CivilAssetForfeiture

“Even if I can’t say exactly what [crime] it was, why should they be able to profit off of it? Why should it not go back into fighting crime in our communities?” Curry mentioned.

Civil asset forfeiture is blatant authorized theft. The attorneys for the boys acquired 24 oz of the stolen gold, and the county confiscated the remaining that was price an estimated $195,000.

“For a small county like ours, it’s a big, big relief for the taxpayers,” she mentioned. “Even if I can’t say exactly what [crime]  it was, why should they be able to profit off of it? Why should it not go back into to fighting crime in our communities?”

All the premise of civil forfeiture is that the federal government can seize your belongings with out even charging you with against the law, not to mention convicting you in a court docket of regulation. The federal government deploys regulation enforcement to behave as their mob collectors, and once more, no crime must be dedicated. This occurs usually, and the one that occurs to be within the incorrect place on the incorrect time is instantly GUILTY till confirmed harmless. They’ve taken folks off trains, planes, visitors stops– you identify it–and accused them of prison exercise. If the federal government finds you with a tangible asset they need, they will take it from you, and it’s then your accountability and obligation to show that you just didn’t commit against the law.

The federal government has overtly taken gold, money, properties, automobiles, and even companies within the identify of cash laundering, or on this case, an unnamed crime that they didn’t have to show as a result of the boys occurred to be Chinese language nationals. In order that they stole a quarter-million from them and deported them again to China, then cheered that the funds would assist the native authorities.

Regulation enforcement companies now not act as protectors of the general public however as income collectors, seizing property from individuals who, in lots of circumstances, have carried out nothing incorrect.

TAGGED:ArmstrongdangerEconomicsGoldtraveling
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