Feds Seizing Money from Citizens

Executive Branch Seizes Money from US Citizens

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 4^th Amendment under Siege

The 4^th 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 4^th 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