POINTER: The Money Laundromat
J. Orlin Grabbe's essay, "The Money Laundromat", as published in the November 1995 issue of Liberty, was sent to me via e-mail by someone who prefers to remain anonymous. After checking for accuracy against my own hard copy, I have posted it to the following Usenet newsgroups: alt.security.pgp alt.society.sovereign alt.society.anarchy talk.politics.crypto I will be making this article available on my Web page shortly as well. The article covers both the threat and the promise of digicash, with much detail devoted to electronic surveillance and financial tracking via PROMIS software. This single paragraph summarizes rather well: "...the coming battle over financial footprints is inevitable, and perhaps inevitably bloody. But in the end it is the money laundering regulations that will have to go. For one thing, advances in the technology of anonymity are putting financial privacy within the reach of everyone. For another, there is a growing awareness that the existing laundering statutes have little or no effect on terrorism or drug-dealing, but instead are related to an upswing in government-sponsored harassment of targeted political groups." -- http://yakko.cs.wmich.edu/~frogfarm ..for the best in unapproved information S..O).... The statist wields a bad law! -- More -- @.../.".. You quickly protect your money pouch! -- More -- .$*...].. The statist vanishes in a puff of smoke. "Greedy bastard!"
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Damaged Justice