Treasury Department Claims Power to Seize Gold, Silver--and Everything Else, GATA Says

BUSINESS WIRE ^ | Aug. 22, 2005 | Gold Anti-Trust Action Committee

[thinking4me]

If this is not currency debasement, what it it???

http://www.moneyfiles.org/usapower.jpg (pro Founding Fathers' economics)

Now that the US dollar is gobbling 80% of the world earnings to stay afloat daily and that the savings rate in america is zero, let's face it once and for all: got gold/silver?

[steenkeenbadges]

This is beyond draconian! So much for trying to protect ourselves against the cashless society. Resident evil.

[jb6]

What's the big deal? It's not like we live in a free country. Roosevelt confiscated all gold coins during the Great Depression and now we don't have the right to private real estate property so why should anyone be surprised by this? Instead of a direct authoritarian take over which would cause a general rebellion and civil war, its the slowly turning up the heat on the frog method that works so much easier if you have the patience.

[aQ_code_initiate]

While the Trading With the Enemy Act authorizes the government to interfere with the ownership of gold and silver particularly, it also applies to all forms of currency and all securities. So the Treasury official stressed in his letter to GATA that the act could be applied not just to shares of gold and silver mining companies but to the shares of all companies in which there is a foreign ownership interest.

Further, there is no requirement in the law that the targets of the government's interference must have some connection to the declared enemies of the United States, nor even some connection to foreign ownership. Anything that can be construed as a financial instrument, no matter how innocently it has been used, is subject to seizure under the Trading With the Enemy Act and the International Emergency Economic Powers Act.

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Gotta love this law! Well, it'll be interesting to see how many of the "I've got nothing to hide" herd line up voluntarily to turn in their gold and silver when the order goes out.

[Moral Hazard]

Yet another reason to not invest in gold!

[varyouga]

I'm a gold fiend and they can pry the bricks from my cold, dead hands.

[thinking4me]

Yet another reason to not invest in gold! prohibition nevers works out... look at the drug war to have an idea... sound economics requires lots of patience

[Maceman]

I'm a gold fiend and they can pry the bricks from my cold, dead hands.

No problem at all.

[zeugma]

Bump.

See also my national debt page.

[Alberta's Child]

I wouldn't worry too much about this. A government that can't/won't stop the flow of illegal aliens across our southern border isn't capable of confiscating sh!t.

[thinking4me]

The sad and ugly truth: The New Slavery, Millions of Americans Chained By Debt

Empire of Debt : The Rise Of An Epic Financial Crisis

also check out on amazon.com: Greenspan's Fraud : How Two Decades of His Policies Have Undermined the Global Economy

more

[hubbubhubbub]

I'm beginning to think that the government can do whatever it pleases, constitution be damned.

[msnimje]

I wouldn't worry too much about this. A government that can't/won't stop the flow of illegal aliens across our southern border isn't capable of confiscating sh!t.

You could hire some illegals to guard your gold, the Feds would never find it then.

[varyouga]

Holy sh**, thanks for making me lose my dinner.

[metalurgist]

According to the government "All your treasure are belong to us!"

So what else is new.

[Lucy Lake]

Can Our Government Really Tell Us How Much Food and Supplies We Can Keep?

Executive Orders in place dating back to 1939 which Clinton has grouped together under one order, EO #12919 released on June 6, 1994. The following EOs all fall under EO#12919:

10995--Federal seizure of all communications media in the US;

10997--Federal seizure of all electric power, fuels, minerals, public and private;

10998--Federal seizure of all food supplies and resources, public and private and all farms and equipment;

10999--Federal seizure of all means of transportation, including cars, trucks, or vehicles of any kind and total control over all highways, seaports and water ways;

11000--Federal seizure of American people for work forces under federal supervision, including the splitting up of families if the government so desires;

11001--Federal seizure of all health, education and welfare facilities, both public and private;

11002--Empowers the Postmaster General to register every single person in the US

11003--Federal seizure of all airports and aircraft;

11004--Federal seizure of all housing and finances and authority to establish forced relocation. Authority to designate areas to be abandoned as "unsafe," establish new locations for populations, relocate communities, build new housing with public funds;

11005--Seizure of all railroads, inland waterways and storage facilities, both public and private;

11051--Provides FEMA complete authorization to put above orders into effect in times of increased international tension of economic or financial crisis (FEMA will be in control incase of "National Emergency").

For more, Click on:

http://standeyo.com/News_Files/Hollys.html

On the left, click on: "Miscellaneous"

Then under "Executive Orders"

click on : What Do EOs Say About Storing?

[KarlInOhio]

That mattered more when our money was based on gold and silver. Can they now confiscate paper, faith in the money supply and Alan Greenspan's health because that's what the money supply is currently based on?

[RicocheT]

What's the big deal? When the state can rob you of your life like Terri Schiavio, why cry over its power to take your gold & silver?

[PAR35]

Press Release

[thinking4me]

GATA's correspondence with the Treasury Department is posted on the Internet here:

http://groups.yahoo.com/group/gata/message/3276