Written by Damon Geller
Times continue to be terrifyingly desperate for fiscally insolvent
federal and state governments. Following recent news that the U.S.
government made savings & retirement accounts a prime target for
confiscation, we now have this bombshell from the Washington Post: The executive branch of government has seized money from thousands of
innocent U.S. citizens with absolutely no due process. Police
departments around the country, at the command of the Justice Department &
Homeland Security, have confiscated money from over 200,000 citizens – in some
cases tens of thousands of dollars – even though many of them committed no
crime! Why? Because our state & federal governments are broke,
bankrupt and in desperate need of capital. Just like this administration,
law enforcement is shredding the Constitution and rule of law. The Police
State is now being expanded to unlawfully gain access to citizens' money.
Experts advise that you have only ONE choice if you want to protect your
savings and retirement from the eventual overreach of government confiscations
and seizures.
Government on the Brink of
Disaster
The U.S. government and the Fed
pumped trillions of dollars of YOUR money into the banks and stock market over
the last several years, catapulting the U.S. debt to $28 trillion by 2018. But
now, the U.S. government and the Fed are completely out of ammo, with the Fed
no longer able to buy U.S. treasuries. They desperately need money to
maintain their own power, and taxes are not enough. So government
officials are doing everything they can to keep the Ponzi scheme going, such as
seizing the public’s money through inflation, deficits, and outright
confiscation.
The 4th
Amendment under Siege
The 4th Amendment of the
Constitution reads clearly: “The right of the people to be secure in
their persons, houses, papers, and effects against unreasonable searches and
seizures, shall not be violated.” But according to the shocking
Washington Post report, the 4th Amendment is under siege.
Unknown to most citizens, police
officers around the country received training and financial support from the
departments of Homeland Security and Justice to engage in the practice of
“highway interdiction” – which involves the police using minor infractions as
an excuse to stop citizens, request warrantless searches, and seize cash.
In most cases, no crime has been committed and the police never make an
arrest.
As part of highway interdiction, the
enforcers within the Executive Branch of the U.S. Government – the police –
have seized an enormous amount of money from innocent U.S. citizens through a
Justice Department program known as “Equitable Sharing.” Equitable
sharing, the federal government’s largest asset forfeiture program, gives the executive branch of government the
authority to confiscate your money without due process, even if you’ve
committed no crime!
The Washington Post obtained a
database from the Justice Department containing details about 212,000 seizures
through the Equitable Sharing Program, likely
totaling in the hundreds of millions of dollars or more. The following
are just a few of the horrifying cases exposed by the Washington Post:
- Police confiscated $32,000 from a New York man after stopping him because he had a cracked windshield
- Police confiscated $17,550 from a Virginia man after stopping him because his car windows were tinted
- Police confiscated $13,000 from a North Carolina man after stopping him for no offense whatsoever
- Police confiscated $2,400 from a Nevada man after stopping him for no offense whatsoever
Gov’t
Confiscation Goes Much Further
Government confiscation of citizen
wealth doesn’t stop with Equitable Sharing. As was recently reported, the
U.S. government has made several highly controversial moves to nationalize
retirement accounts like IRAs, 401Ks, pensions, 403Bs, as well as savings
accounts worldwide:
- FATCA requires foreign financial institutions such as banks, stock brokers, hedge funds, pension funds, insurance companies, and trusts to report all U.S. citizens’ accounts directly to the IRS. FATCA even requires reporting to the IRS by foreign private companies on any income made by a citizen of the U.S. whether they live here or not.
- Obama announced the creation of the MyRA – your retirement money will now be used to pay for U.S. debt. MyRA is nothing more than an investment scam being sold to the American people as a you-can’t-lose, zero-risk investment by the pitchman-in-chief himself.
- The Financial Industry Regulatory Authority, which oversees how investments are sold, proposed what it calls CARDS – Comprehensive Automated Risk Data System – which is an electronic system that will regularly collect data on balances and transactions in all 4100 brokerage accounts nationwide.
So for the first time ever, the U.S.
government is directing you where to invest your savings & retirement and
has gained full access to the activity in every single citizen’s bank accounts,
retirement accounts, brokerage accounts and trading accounts. The IRS
will also have full visibility on any oversees accounts, income, equity or
other earnings, effectively giving them access to all the wealth of every
American citizen no matter where they reside on earth.
Source:http://www.wholesaledirectmetals.com/index.php/gold-blog/627-executive-branch-seizes-money-from-us-citizens
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