Is USD being used for illegal activities? - page 11.

Sled

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Quote from: ronafurw on October 19, 2017, 02:02:18 AM

Quote from: Gozie51 on October 14, 2017, 08:47:56 AM

Quote from: awesome31312 on September 18, 2016, 05:18:13 AM

I see more and more articles of the USD being used for illegal activities, such as funding of terrorists and unconstitutional, illegal wars, funding of wars that cause severe infringement of civil liberties like the war on drugs, among other things. I am pretty sure that when goons smash into convenience stores and steal stuff, then the money they probably steal is USD, which makes it criminal currency. Also, I am pretty sure that the baseball bats that majority of the goons have bought were paid for by the USD.

Also, most people collect rain water, drink raw milk, and throw cannabis seeds in soil, all three acts which are considered serious illegal felonies punishable by seriously expensive fines and extensive jail time, possibly life in prison.

Some people also walk, drive, fish, or hunt without a permit that can easily be bought for in USD.

Will this hurt USD in the long run? Will governments ban this just like they started to do with paying in cash for some services to harden the use of illegal activities, and money laundering?

The simple fact is that all the illegal items you enumerated has no negative effect or impact on USD.

The explanation as to why USD is used or preferred in these illegal or even legitimate transactions is that it has high value and when local fiat I'd converted to USD to be used for transactions, it makes it compacted and comfortable to be carried about without suspicion.

On the contrary, this role played by USD is currently being taken over by bitcoin because of its high value also. Fiat are these days converted to bitcoin to be carried on just a mobile gadget like a mere phone. Shaking my head. Grin

It totally depend on the user how he uses his money and if USD is being used in illegal activities there is no fault of dollar in it, people will do illegal things until proper check and balanced system will implemented by cyber security and once a safe system is implemented then there will be no chance to misuse any currency so wait till that time.

I agree to that. We cannot do things about it because it is just the people who uses USD or other currency in transacting in illegal things and they should not do it because it is not a good thing but if they will keep continue doing it then we should stay away from them so we will prevent the possible influence from them and we should always remember that we should do things in legal and good way.

ronafurw

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Quote from: Gozie51 on October 14, 2017, 08:47:56 AM

Quote from: awesome31312 on September 18, 2016, 05:18:13 AM

I see more and more articles of the USD being used for illegal activities, such as funding of terrorists and unconstitutional, illegal wars, funding of wars that cause severe infringement of civil liberties like the war on drugs, among other things. I am pretty sure that when goons smash into convenience stores and steal stuff, then the money they probably steal is USD, which makes it criminal currency. Also, I am pretty sure that the baseball bats that majority of the goons have bought were paid for by the USD.

Also, most people collect rain water, drink raw milk, and throw cannabis seeds in soil, all three acts which are considered serious illegal felonies punishable by seriously expensive fines and extensive jail time, possibly life in prison.

Some people also walk, drive, fish, or hunt without a permit that can easily be bought for in USD.

Will this hurt USD in the long run? Will governments ban this just like they started to do with paying in cash for some services to harden the use of illegal activities, and money laundering?

The simple fact is that all the illegal items you enumerated has no negative effect or impact on USD.

The explanation as to why USD is used or preferred in these illegal or even legitimate transactions is that it has high value and when local fiat I'd converted to USD to be used for transactions, it makes it compacted and comfortable to be carried about without suspicion.

On the contrary, this role played by USD is currently being taken over by bitcoin because of its high value also. Fiat are these days converted to bitcoin to be carried on just a mobile gadget like a mere phone. Shaking my head. Grin

It totally depend on the user how he uses his money and if USD is being used in illegal activities there is no fault of dollar in it, people will do illegal things until proper check and balanced system will implemented by cyber security and once a safe system is implemented then there will be no chance to misuse any currency so wait till that time.

Koro-Sensei

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To be in fact all currency or all money can be used in all illegal acts and cases well money is not traceable because it does not have a tracker every piece of it well its only paper so it depends on the person on how he/she will manage it . Possibility is high and obvious example government they use the money well on their self though but not on the citizens example of that that it is not only used in illegal activities it can also be earned illegally . Well it happens on other countries

hangar18

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Quote from: palle11 on October 14, 2017, 05:26:21 PM

Quote from: awesome31312 on September 18, 2016, 05:18:13 AM

I see more and more articles of the USD being used for illegal activities, such as funding of terrorists and unconstitutional, illegal wars, funding of wars that cause severe infringement of civil liberties like the war on drugs, among other things. I am pretty sure that when goons smash into convenience stores and steal stuff, then the money they probably steal is USD, which makes it criminal currency. Also, I am pretty sure that the baseball bats that majority of the goons have bought were paid for by the USD.

Also, most people collect rain water, drink raw milk, and throw cannabis seeds in soil, all three acts which are considered serious illegal felonies punishable by seriously expensive fines and extensive jail time, possibly life in prison.

Some people also walk, drive, fish, or hunt without a permit that can easily be bought for in USD.

Will this hurt USD in the long run? Will governments ban this just like they started to do with paying in cash for some services to harden the use of illegal activities, and money laundering?

I don't think the use of a currency be it USD, GBP or EUR for an illicit business will affect it. It is because of the currency's value that it is usually used.

Therefore, for the sentence and question you asked -
"Will this hurt USD in the long run?", it won't affect the currency rather it even makes the currency more popular.

We can not make anyone stop its illegal activities, they are the criminal and that is their decision to make money from that work. The police and the government will catch them in someday, of course it is not enough to affect Dollar or any currency, because it is normal.

meanwords

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Ofcourse. Actually in my opinion, every currency is used for illegal activities. It's the hard truth and we can't stop it as long as Big people are involved.

millgates

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Quote from: Firefox07 on October 14, 2017, 07:58:30 PM

Do not single out USD because all curreny in the world can be used to fund terrorist or buying drugs or anything that terrorist needed.

The Majority of illegal goods are bought using usd, this is because most of usd and other fiat transactions are not recorded unlike bitcoin. If all people in the world use bitcoin as the main currency, the number of illegal activity will be reduced because bitcoin isn't really anonymous, hence the guys who didn't spend enough effort to hidding their trails got chought. Even silk road can be shut down.

ethereumhunter

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i think we already know that USD being used by many illegal activities but it is hidden and only few people which know and i think not just USD but the other currency from other country is being used too. with new technology, they can do without any government know but soon after government trying to case them, the government will discovered them and maybe they will be target operation to be caught. we know that drugs and money laundering is the serious problem to be solve by government and i think they are trying their best to search the bad guy.

valentine401

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Quote from: awesome31312 on September 18, 2016, 05:18:13 AM

I see more and more articles of the USD being used for illegal activities, such as funding of terrorists and unconstitutional, illegal wars, funding of wars that cause severe infringement of civil liberties like the war on drugs, among other things. I am pretty sure that when goons smash into convenience stores and steal stuff, then the money they probably steal is USD, which makes it criminal currency. Also, I am pretty sure that the baseball bats that majority of the goons have bought were paid for by the USD.

Also, most people collect rain water, drink raw milk, and throw cannabis seeds in soil, all three acts which are considered serious illegal felonies punishable by seriously expensive fines and extensive jail time, possibly life in prison.

Some people also walk, drive, fish, or hunt without a permit that can easily be bought for in USD.

Will this hurt USD in the long run? Will governments ban this just like they started to do with paying in cash for some services to harden the use of illegal activities, and money laundering?

Money laundering and illegal activities is unavoidable. Even drugs in different country cannot be removed by their government and that leads to the incident in china last month where they banned ico's in suspecting for they thought that bitcoins is being used for illegal transactions.

Firefox07

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Do not single out USD because all curreny in the world can be used to fund terrorist or buying drugs or anything that terrorist needed.

palle11

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Quote from: awesome31312 on September 18, 2016, 05:18:13 AM

I see more and more articles of the USD being used for illegal activities, such as funding of terrorists and unconstitutional, illegal wars, funding of wars that cause severe infringement of civil liberties like the war on drugs, among other things. I am pretty sure that when goons smash into convenience stores and steal stuff, then the money they probably steal is USD, which makes it criminal currency. Also, I am pretty sure that the baseball bats that majority of the goons have bought were paid for by the USD.

Also, most people collect rain water, drink raw milk, and throw cannabis seeds in soil, all three acts which are considered serious illegal felonies punishable by seriously expensive fines and extensive jail time, possibly life in prison.

Some people also walk, drive, fish, or hunt without a permit that can easily be bought for in USD.

Will this hurt USD in the long run? Will governments ban this just like they started to do with paying in cash for some services to harden the use of illegal activities, and money laundering?

I don't think the use of a currency be it USD, GBP or EUR for an illicit business will affect it. It is because of the currency's value that it is usually used.

Therefore, for the sentence and question you asked -
"Will this hurt USD in the long run?", it won't affect the currency rather it even makes the currency more popular.

Gozie51

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Quote from: awesome31312 on September 18, 2016, 05:18:13 AM

I see more and more articles of the USD being used for illegal activities, such as funding of terrorists and unconstitutional, illegal wars, funding of wars that cause severe infringement of civil liberties like the war on drugs, among other things. I am pretty sure that when goons smash into convenience stores and steal stuff, then the money they probably steal is USD, which makes it criminal currency. Also, I am pretty sure that the baseball bats that majority of the goons have bought were paid for by the USD.

Also, most people collect rain water, drink raw milk, and throw cannabis seeds in soil, all three acts which are considered serious illegal felonies punishable by seriously expensive fines and extensive jail time, possibly life in prison.

Some people also walk, drive, fish, or hunt without a permit that can easily be bought for in USD.

Will this hurt USD in the long run? Will governments ban this just like they started to do with paying in cash for some services to harden the use of illegal activities, and money laundering?

The simple fact is that all the illegal items you enumerated has no negative effect or impact on USD.

The explanation as to why USD is used or preferred in these illegal or even legitimate transactions is that it has high value and when local fiat I'd converted to USD to be used for transactions, it makes it compacted and comfortable to be carried about without suspicion.

On the contrary, this role played by USD is currently being taken over by bitcoin because of its high value also. Fiat are these days converted to bitcoin to be carried on just a mobile gadget like a mere phone. Shaking my head. Grin

portotoi

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maybe not for my own opinion. It is the duty of the authority to deal with those bad elements who uses USD for their illegal activities not the USD itself. USD is just a currency, it has nothing to do with the illegal activities.

PrinceCaspian

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All of the kinds of money are already used in illegal activities and in fact, the illegal activities are mostly happening inside the government because of the corrupt people who are hungry for money and they are just keep on stealing the money of the people and covering themselves in lies.

brascopck

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Obviously, almost all currencies being used for illegal activities too, even bitcoin too and illegal activities is not always all people know because its illegal and broke the law. Drugs, illegal weapon, money laundry and other illegal activites.

Dodoymabs

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Quote from: Cazkys on September 15, 2017, 07:43:48 AM

If the USD is being used for illegal activities is a yes and no doubt about it, its already in the news since long ago that people are also using USD to do illegal activities. Since the USD is one of the most powerful currency that you can use for any trade be it local or international its not a surprise that individuals or groups who do illegal things will have their eyes focus on the USD since it's much easier to use and exchange.

You can do anything with the usd.Bad or good its up to you.Anything is possible with the usd.Its an international currency so its not that hard to do some illegal activities.People do illegal activities because they get bigger profit.

Cazkys

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If the USD is being used for illegal activities is a yes and no doubt about it, its already in the news since long ago that people are also using USD to do illegal activities. Since the USD is one of the most powerful currency that you can use for any trade be it local or international its not a surprise that individuals or groups who do illegal things will have their eyes focus on the USD since it's much easier to use and exchange.

pearlmen

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If there is any other currency that is used more than anything for illegal activities its no other one than dollars and its due to its universal acceptance across the world in that there is no country that one will get to that someone is not asking to use the dollars either for trade or for travels and this reason makes it available in the hands of wrong individuals and they use it at will.

Ghostrich

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It sure is. USD as the "main" global currency is being laundered across border day in and day out. This doesn't mean that other currencies don't get laundered. But US dollars is definitely getting laundered the most.. maybe soon Bitcoin will surpass it? Nah..

pugman

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Quote from: awesome31312 on September 18, 2016, 05:18:13 AM

I see more and more articles of the USD being used for illegal activities, such as funding of terrorists and unconstitutional, illegal wars, funding of wars that cause severe infringement of civil liberties like the war on drugs, among other things. I am pretty sure that when goons smash into convenience stores and steal stuff, then the money they probably steal is USD, which makes it criminal currency. Also, I am pretty sure that the baseball bats that majority of the goons have bought were paid for by the USD.

Also, most people collect rain water, drink raw milk, and throw cannabis seeds in soil, all three acts which are considered serious illegal felonies punishable by seriously expensive fines and extensive jail time, possibly life in prison.

Some people also walk, drive, fish, or hunt without a permit that can easily be bought for in USD.

Will this hurt USD in the long run? Will governments ban this just like they started to do with paying in cash for some services to harden the use of illegal activities, and money laundering?

The thing is that US is considered to be a super power of economies and all countries will have to accept USD and terrorist groups are located in different areas, so usd will be easier for them to use as a common currency and not using currencies of the countries they reside in. USD is used as a common platform of currencies,but all currencies including bitcoin is used for illegal things. And compliance department of every bank will find it difficult for finding out who is doing illegal things and who is not doing, even though they have all these Anti-Money laundering (AML) and KYC regulations, Enhanced Customer Due Diligence (ECDD) schemes don't help them out.

Schuyler

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Quote from: MinMan on September 06, 2017, 04:30:25 AM

Quote from: awesome31312 on September 18, 2016, 05:18:13 AM

I see more and more articles of the USD being used for illegal activities, such as funding of terrorists and unconstitutional, illegal wars, funding of wars that cause severe infringement of civil liberties like /2012/12/06/opinion/branson-end-war-on-drugs/]the war on drugs, among other things. I am pretty sure that when goons smash into convenience stores and steal stuff, then the money they probably steal is USD, which makes it criminal currency. Also, I am pretty sure that the baseball bats that majority of the goons have bought were paid for by the USD.

Also, most people collect rain water, drink raw milk, and throw cannabis seeds in soil, all three acts which are considered serious illegal felonies punishable by seriously expensive fines and extensive jail time, possibly life in prison.

Some people also walk, drive, fish, or hunt without a permit that can easily be bought for in USD.

Will this hurt USD in the long run? Will governments ban this just like they started to do with paying in cash for some services to harden the use of illegal activities, and money laundering?

Sure, it is being used for a lot of illegal activities since it is money people base on that and use it to pay for illegal goods and services both offline and online

Fiat or any digital currency is born as can be done as illegal activities,depending on the person whether it is good or bad it will be used. Bitcoin has often been associated with illegal activities such as money laundering and the trade in illegal goods, mainly because its transactions can be carried out anonymously.

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