Sunday, January 30, 2005

Unintended consequences? Does it matter?

Money laundering is generally understood to
be the practice of taking ill gotten gains and
moving them through a sequence of bank accounts
so they ultimately look like the profits from
legitimate activity. Institutions, individuals,
and even governments who are believed to be
aiding and abetting the practice of money
laundering can be indicted and convicted, even
though they may be completely unaware that the
money being transferred with their help was of
criminal origin. This makes as much sense as
convicting an automobile manufacturer or dealer
because someone who has purchased a car uses it
in a criminal act, or charging the telephone
company with a crime when someone uses a
telephone to facilitate a criminal
act.

And what is the "legitimate activity" he talks of
above?

Whatever your governors decide at any given
moment.

Does that make you happy?

I'm convinced that these proceedures mandated by
these governors will greatly hasten the coming
Dark Age (we're already in an intellectual Dark
Age) because all of a sudden it becomes much more
difficult to trade unless you're a state
"approved" entity like a corporation or someone
that has all his paper ducks in a row.

Makes me wanna stand on their desks and piss on
their heads, including the asshole institutions
that go along to get along by complying with that
crap.

But there are - and will be more - ways to
bypass these rules to move and store "unapproved"
money.

Read it all.