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Author Topic: Is USD being used for illegal activities?  (Read 19639 times)
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October 26, 2017, 03:37:45 PM
 #441

It's possible and it's true I saw many news and article that usd is being used by many terrorists groups and also usd is being used in other illegal activities

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October 26, 2017, 04:11:15 PM
 #442

Fiat was present way before cryptos came and crime was here since the 1st second of the existence so of course fiat was used to illegal purposes , but with the cryptos arrival it became much easier to criminals ti conclude their deals as it is way easier for criminals to deal with untraceable currencies that goes through securised wallets and with massive amounts then get laundred then to deal with cash or bank transactions that could be traced or used in court .
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October 26, 2017, 06:07:32 PM
 #443

Hm....I don't think there's a currency out there being dealt into illegal activities. Anything worth a great deal of value is likely to fall into that category.

Any currency that has a value can be use for illegal activities so it's not with the money but with the users who are thinking
of using USD as a tool to run their illegal transactions. Cryptocurrencies can also be use for illegal transactions so there is no difference.
Even gold or diamond or any valuable asset can be used as long as it is a form of payment. USD is a valuable tool so as any other form of currency and it is not exempted from being use for illegal activities.
These dudes involved in such activities obviously know how they cover their tracks and if caught, apparently will face the law in whatever country they may be.

From OP's point of view, I do not see how it is particular only to US since every other country as well always end up having some set of crooks. The only difference is that US being a generally used currency for international transactions makes it more common for payment.
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October 26, 2017, 08:30:35 PM
 #444

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
Well, for me, all currencies are being used for illegal activities, and not only USD or Bitcoin as some would say. The only thing I would say makes Bitcoin seem like the worst is because the people behind such activities can hardly be traced, and it also makes things easy for them.
Good and bad people are present in every society, and they may be using their local currency for their illegal activities, So the American may be using Dollar easily and Indialn may be use Ruppee for their activities therefore we can say that almost all kind of currencies may be using for illegal activities and not a single currency can be assumptive from that.
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October 26, 2017, 08:56:50 PM
 #445

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
Well, for me, all currencies are being used for illegal activities, and not only USD or Bitcoin as some would say. The only thing I would say makes Bitcoin seem like the worst is because the people behind such activities can hardly be traced, and it also makes things easy for them.
Good and bad people are present in every society, and they may be using their local currency for their illegal activities, So the American may be using Dollar easily and Indialn may be use Ruppee for their activities therefore we can say that almost all kind of currencies may be using for illegal activities and not a single currency can be assumptive from that.
I agree, all about money is being used in all of the illegal activities. No on cares about that. If the illegal activities will always be there and we will always see the money will be used for the illegal activities. Even the digital currency like bitcoin in which some of the illegal transactions can be happened.

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October 28, 2017, 05:52:35 AM
 #446

It's possible and it's true I saw many news and article that usd is being used by many terrorists groups and also usd is being used in other illegal activities
The big terrorists among all belongs to this dollar society. You can’t say them terrorist even you know it better that they are terrorist. Dollars are being used in all terrorist activities around the world. US Dollar have many perks but it has more demerits now.

Like you said, I am sure about it. They are being used in all crimes and terrorist activities where we assure any terrorist activity.

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November 08, 2017, 10:36:25 PM
 #447

Yes, USD has been employed for illegal activities and that's not new for us simply because even this discussion board isn't produced however, we currently knew that USD or any other fiat is what is important that they used in performing illegal activities like buying unlawful things or make payment on criminals. I know that even the bitcoin is already accustomed to this kind of actions.
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November 08, 2017, 11:52:28 PM
 #448

Every currency in the world is used in illegal trading and criminal frauds and that is why anti money laundering act was created for such dirty acts.
The problem is not the money itself but rather the way people think how they use it.

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November 09, 2017, 01:45:33 AM
 #449

Firstly the subject collection I would not agree with. Secondly it is not only USD any currency in the world can be used for any unlawful activities. In specific nation no matter which currency they will use individuals use that currency to do illegal activities since it occurs everywhere in world. And not just in one country where one can say USD has been used.Well its oneself to appear and see that they do not get involved with breakdown or malpractices that brought lower them personal in their own eyes and in planet's eyes.
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November 09, 2017, 07:15:59 PM
 #450

For me it has a possibility that USD can be used up for illegal activities. Because such as terrorist create and use this money on anything they wanted. Unless, someone can detect and stop this bad activity.

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November 10, 2017, 11:22:58 AM
 #451

For me it has a possibility that USD can be used up for illegal activities. Because such as terrorist create and use this money on anything they wanted. Unless, someone can detect and stop this bad activity.
In fact all currency in the world was used in different criminal activities, maybe USD is included in this some illegal transactions. Even bitcoin have a risks and there's a possibility that in the future, bitcoin value was used by the terrorist to buy some items that they used in war. Because if we analyze all terrorist are a lot of connection in different part of the world.
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November 10, 2017, 11:29:21 AM
 #452

For me it has a possibility that USD can be used up for illegal activities. Because such as terrorist create and use this money on anything they wanted. Unless, someone can detect and stop this bad activity.
In fact all currency in the world was used in different criminal activities, maybe USD is included in this some illegal transactions. Even bitcoin have a risks and there's a possibility that in the future, bitcoin value was used by the terrorist to buy some items that they used in war. Because if we analyze all terrorist are a lot of connection in different part of the world.
It was possible to used in the illegal transactions, but it easy to track it by the USD citizen. Also in my thinking even bitcoin have a possibility to used in illegality, since bitcoin are decentralize and hard to find out.
I'm just bothering especially if this coin was totally abused, more of that people are rich they used bitcoin for their own self only.

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November 10, 2017, 11:31:45 AM
 #453

Yes if the payment is offline the holders of USD paper money buy drugs. But if they buy some illegal drugs or some illegal services online, they need to convert their money to bitcoin to be safe from the police. Also all currencies are accepted when the payment method on those illegal activities are offline.

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November 10, 2017, 11:37:17 AM
 #454

For me it has a possibility that USD can be used up for illegal activities. Because such as terrorist create and use this money on anything they wanted. Unless, someone can detect and stop this bad activity.
In fact all currency in the world was used in different criminal activities, maybe USD is included in this some illegal transactions. Even bitcoin have a risks and there's a possibility that in the future, bitcoin value was used by the terrorist to buy some items that they used in war. Because if we analyze all terrorist are a lot of connection in different part of the world.


Every thing is possible in this World.I agree this blindly.Because with the fact I had seen,I had come to this conclusion.So,it's possible to make use of dollar in Illegal activity.Why not dollars? Even a Bitcoin is possible.

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November 10, 2017, 12:36:34 PM
 #455

Bitcoin is one of the first crypto currencies and it is far from the most perfect technology, but it is used for transactions in the shadow market. A vivid example of the SilkRoad, the turnover of the bitcoins was huge! Founder Robert Ullbricht eventually caught and gave 5 life imprisonments!
https://en.wikipedia.org/wiki/Silk_Road
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November 10, 2017, 12:41:22 PM
 #456

For me it has a possibility that USD can be used up for illegal activities. Because such as terrorist create and use this money on anything they wanted. Unless, someone can detect and stop this bad activity.
In fact all currency in the world was used in different criminal activities, maybe USD is included in this some illegal transactions. Even bitcoin have a risks and there's a possibility that in the future, bitcoin value was used by the terrorist to buy some items that they used in war. Because if we analyze all terrorist are a lot of connection in different part of the world.


Every thing is possible in this World.I agree this blindly.Because with the fact I had seen,I had come to this conclusion.So,it's possible to make use of dollar in Illegal activity.Why not dollars? Even a Bitcoin is possible.
When something has got good in it, surely it will have its negative part. Even if something is developed for good deed, surely people try to find the loop hole and tries to hinder and use upon necessity. Same is the fact with bitcoin, it gives the ease in access for illegal transactions,though usd is the one that's been used for illegal activities.

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November 10, 2017, 12:58:02 PM
 #457

All possibilities are there, as we have witnessed recent terror attack in USA, USD might be using illegally.
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November 10, 2017, 01:37:10 PM
 #458

It is and will always be. Any currency has been used to buy goods and to buy services and at the same time, use for illegal activities. It will not be removed as when we want a certain thing, we will buy it using money including USD. All currency has been used to illegal activities like buying drugs, paying certain persons etc. and now bitcoin has been used too in illegal activities but we can't do anything with it.

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November 10, 2017, 03:59:19 PM
 #459

For me it has a possibility that USD can be used up for illegal activities. Because such as terrorist create and use this money on anything they wanted. Unless, someone can detect and stop this bad activity.
In fact all currency in the world was used in different criminal activities, maybe USD is included in this some illegal transactions. Even bitcoin have a risks and there's a possibility that in the future, bitcoin value was used by the terrorist to buy some items that they used in war. Because if we analyze all terrorist are a lot of connection in different part of the world.


Every thing is possible in this World.I agree this blindly.Because with the fact I had seen,I had come to this conclusion.So,it's possible to make use of dollar in Illegal activity.Why not dollars? Even a Bitcoin is possible.
When something has got good in it, surely it will have its negative part. Even if something is developed for good deed, surely people try to find the loop hole and tries to hinder and use upon necessity. Same is the fact with bitcoin, it gives the ease in access for illegal transactions,though usd is the one that's been used for illegal activities.
Depend on the demand of user, if they really want to use Dollar or Bitcoin or even Gold for illegal activities, nothing can stop them. Tool is just tool, it depends on the way to using of user. There is nothing bad at first, but by the user, all things can become the evil.

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November 10, 2017, 04:03:02 PM
 #460

USD is of course being used for many many illegal activities, it would probably be the currency of choice for many, for example drug smugglers from the south of america will all stockpile USD as it is the world currency.

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