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re: Going off the financial grid - hypothetical scenario

Posted on 6/25/25 at 5:49 am to
Posted by MyRockstarComplex
The airport
Member since Nov 2009
4851 posts
Posted on 6/25/25 at 5:49 am to
A) congrats on your divorce
B) the first step would probably be getting out of the US
Posted by Hangit
The Green Swamp
Member since Aug 2014
45054 posts
Posted on 6/25/25 at 6:22 am to
quote:

I’m not sure they take krugerrands at Winn Dixie


Louisiana will see what FL did, then pass new taxes for studies, to study until even more taxes are needed, to study some more.

Gov. Ron DeSantis signed a bill Tuesday that starts the process of making gold and silver legal tender in the state.

Or, you could just stay in Hammond and be a studious, taxpaying mofo.
Posted by tigerstripedjacket
This side of the wall
Member since Sep 2011
3124 posts
Posted on 6/25/25 at 6:39 am to
quote:

transfer your funds to a bank, walk in, withdraw $2,000,000 in cash, and leave with a suitcase full of money.


Yes you can. If you call on Monday, they will have it there by Wednesday.

You will have to answer a series of questions, but assuming your answers aren’t suspicious, you get your money and leave.

Yes, you can pay cash for anything you would need to live. Rent a house from someone who doesn’t need to know you, work for cash, and pay cash for a vehicle with a temp tag you never get rid of.
Posted by soccerfüt
Location: A Series of Tubes
Member since May 2013
72512 posts
Posted on 6/25/25 at 6:50 am to
quote:

$2mil would be nothing more than some gold coins and prepaid visas.
VISA cards can be “stopped payment” on.

Get 500 ea. Certified MS65 $20 St Gaudens Gold Coins.

They’re each presently valued at ~$4k, well under the single transaction reporting level.

Posted by jizzle6609
Houston
Member since Jul 2009
17090 posts
Posted on 6/25/25 at 7:09 am to
quote:

Higher amounts would be a fine art that you liquidate piece by piece as needed.


This is the way. Very unique rare pieces that can only be verified by art dealers across the world.

Would be an easy way to sink some money and reemerge somewhere at a later date to sell the work. I’d wait a long time before i liquidated it.
Posted by cgrand
HAMMOND
Member since Oct 2009
46064 posts
Posted on 6/25/25 at 7:13 am to
quote:

Very unique rare pieces that can only be verified by art dealers across the world
$2MM isn’t going to buy a whole lot of “rare unique art”
Posted by UptownJoeBrown
Baton Rouge
Member since Jul 2024
5837 posts
Posted on 6/25/25 at 7:23 am to
Where’s the OP?

Asked this question, got a ton of follow up, asked clarification questions, and he ghosts after the initial post. fricking a-hole.
Posted by idlewatcher
Planet Arium
Member since Jan 2012
91727 posts
Posted on 6/25/25 at 7:31 am to
quote:

Otherwise as another poster stated a friend you trust is the only sure fire way and hold cash.


If the Feds/other were looking for you and you’re a high profile target, there is a 100% chance the Feds would look into the friends as well to see who is helping him.

Plus, you’d be dependent on that friend not to rat you out.

I would surmise you would need enough degrees of separation to avoid the dragnet.
Posted by cgrand
HAMMOND
Member since Oct 2009
46064 posts
Posted on 6/25/25 at 7:31 am to
quote:

he ghosts after the initial post
I guess he took some of the advice
Posted by Pecos Pedro
Member since Nov 2024
745 posts
Posted on 6/25/25 at 7:38 am to
Who are you hiding from? That will determine your course of action.

Hiding from the government is pretty complicated and if you are asking the OT for help then you will be found within 24 hours of them deciding they want to find you.

Hiding from a greedy/psychotic ex is a bit more feasible if you educate yourself and are extremely disciplined.

If this is a serious thread and not just a shower thought entertainment thread then I would start with reading Michael Bazzell’s book Extreme Privacy: What it Takes to Disappear

LINK

Posted by AwgustaDawg
CSRA
Member since Jan 2023
13095 posts
Posted on 6/25/25 at 7:43 am to
quote:


Let’s say you have $2,000,000 in accounts and you decide you want to live off of the financial grid, not to be found, but still have access to your funds. What do you do? You can’t just transfer your funds to a bank, walk in, withdraw $2,000,000 in cash, and leave with a suitcase full of money.

Is the only option crypto? I feel like this would still be traceable.

What other options are there?

This is a hypothetical scenario.


Historically jewelry. It is highly possible to fly out of the US with $2 million worth of jewelry hanging on your body, not advisable obviously but it could be done with some planning and a back story. Try to sneak $10K out in cash and you are liable to be $10K lighter by the time you clear security. If you are wanted by someone who is serious about locating you though you are fricked. The problem with $2 million worth of jewelry is obvious, you are going to have to accept pennies on the dollar for it if you need the cash quickly. There is a reason though that so many holocaust stories involve jewelry up someone's arse....it has been done since time out of mind.
Posted by terriblegreen
Souf Badden Rewage
Member since Aug 2011
11802 posts
Posted on 6/25/25 at 7:46 am to
quote:

This is extemporaneous bullshite. It's completely superfluous.


Got you a new thesaurus huh?
Posted by AwgustaDawg
CSRA
Member since Jan 2023
13095 posts
Posted on 6/25/25 at 7:46 am to
quote:

You need cash or other fungible physical assets. You need to own no real estate or vehicles, have no bank accounts, hold no “real” jobs (jobs that report income or payroll to the IRS), hold no insurance policies, etc.

To be off the grid, you must be both self-reliant AND judgment proof (i.e. a court cannot find you to serve you or seize assets). If you pay property taxes, income taxes, or have a car, they can easily find you. If you own real estate or have a bank account, they can seize it.



If someone is serious about locating you you are fricked. Outside of very isolated locations simply walking down the street in 2025 in most of the developed world means you are on camera and facial recognition is a very real thing. If no one is serious about locating you you can, with some caution, last a long time, but if the ex is serious and has the resources you ain't hiding long....and if it is a state agency your hiding time is far less. Crossing ANY national border is going to be problematic even if no one is seriously looking for you.
Posted by AwgustaDawg
CSRA
Member since Jan 2023
13095 posts
Posted on 6/25/25 at 7:51 am to
quote:

I mean, you can…. Might raise some questions. But ya can.


$10K requires the bank to notify the IRS....$2 million would probably result in an IRS agent showing up at the bank while you wait. Getting $9k from your local branch is problematic in that they probably do not have that much cash on hand that they are willing to hand to one customer because it would severely limit how much cash they could hand to other customers. I'd bet $20-$50K in cash on a tuesday in a local branch would be a LOT....
Posted by cgrand
HAMMOND
Member since Oct 2009
46064 posts
Posted on 6/25/25 at 7:54 am to
that’s why you get cashiers checks and spread out the withdrawals. Have we learned nothing from Andy Dufresne?
Posted by AwgustaDawg
CSRA
Member since Jan 2023
13095 posts
Posted on 6/25/25 at 7:55 am to
quote:

Safe Deposit boxes for security


Interesting option. Live like a homeless person until you need some cash, get clean, walk in a local bank where you have the money and you might last a long time. The problem is obvious, banks do not just lease safe deposit boxes to someone with no ID, there is a record, and if you use a fake ID you are likely to lose the money. If no one is serious about finding you it'd be relatively simple, even renting a place to live with cash and no record is done every day in the US. The problem is no one is likely to pursue such and adventure in the absence of someone trying to locate them.
Posted by AwgustaDawg
CSRA
Member since Jan 2023
13095 posts
Posted on 6/25/25 at 8:08 am to
At times from about 1997-2007 I would have a couple of million dollars in banks for a few days at a time, not cash of course. I was fascinated with the idea of running off with that money LOL. It was a hobby, I was never serious about it, but it was intriguing I read everything I could find on the subject and I concluded it was pretty possible to do IF no one was serious about locating you...that would not have been the case for me as my employees, vendors and the IRS would have certainly became very obsessed with my where abouts in a short period of time. If someone is serious about locating you it is not possible for anyone to survive long. Not today. Way to many agencies around the world and borders to cross. Its an intriguing idea though...

My wife and talked about me falling off a cruise ship LOL. Obviously surving the fall would be problematic but there are cameras everywhere on a cruise ship...it does happen but most of the time they know pretty quick. We also talked about me going offshore, getting off my boat and letting it idle away while I was headed to the Bahamas in another boat. That would work if no one was looking for you but if they were serious about locating you it would be a matter of days before you were arrested.
Posted by cgrand
HAMMOND
Member since Oct 2009
46064 posts
Posted on 6/25/25 at 8:19 am to
quote:

That would work if no one was looking for you but if they were serious about locating you it would be a matter of days before you were arrested.
the idea would be to disappear BEFORE anyone is looking for you. Otherwise yes a life on the run does not mean you disappeared it just means you haven’t been caught yet
Posted by VABuckeye
NOVA
Member since Dec 2007
38283 posts
Posted on 6/25/25 at 8:23 am to
As will a boatload of transactions just under $10k.
Posted by Cheese Grits
Wherever I lay my hat is my home
Member since Apr 2012
60555 posts
Posted on 6/25/25 at 11:32 am to
quote:

Live like a homeless person until you need some cash, get clean, walk in a local bank where you have the money and you might last a long time.


Don't even have to do the homeless routine.

If you are above 30 you may have the gift to haggle and barter

If you are over 50 you should have this skill set

If you are over 70 without this skill, your parents failed you



quote:

The problem is obvious, banks do not just lease safe deposit boxes to someone with no ID,


If you were smart and opened it before Reagan passed 10K law this is not a problem. If you opened it before Bush passed Patriot Act you should be solid as well. Especially if you go to the bank in person and they know you over time. Smaller bank and smaller town is a big plus here. Even if you have just a box and do not other business word of mouth advertising to get them other business works wonders.


quote:

The problem is no one is likely to pursue such and adventure in the absence of someone trying to locate them.


Not necessarily true. If you were raised by the "Greatest Generation" you would have many life skills folks today just do not have. Better to be the lighthouse than the aircraft carrier. Scots are not usually big earners but their thrift allows then calmer lives with less debt than others.
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