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    Author Topic: Is "money laundering" really that big of a deal?  (Read 5200 times)
    Elwar (OP)
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    June 01, 2013, 09:50:55 PM
     #1

    There are all of these rules and laws about "money laundering" to make it sound so scary and evil like Scarface moving his dirty money.

    But what is money laundering anyway? Someone commits a crime involving money and does not want that money traced back to them for that crime, so they launder the money.

    So essentially, these are monetary crimes. And since the law enforcement cannot solve the crime or catch the "bad guys" they have to lock down the whole monetary system just in case "bad" money makes it through.

    So because some people may use money for bad things and they are too incompetent to catch them, the government must know every transaction that anyone ever makes with money?

    Why stop there? Why not have ID checks at every corner of every city of every country so that if a crime happens on one street they can trace the crime by knowing who was on that street at that time? Oh, but those of us who would be against that would be "supporting terrorists" or drug dealers and criminals.

    Sure, if someone steals money from someone else it would be nice to track that money down. But is it worth locking down a whole currency because of it?

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