The Wall Street Journal published a disturbing article earlier this week entitled “Federal Asset Seizures Rise, Netting Innocent With Guilty.”
You can already imagine the crux of the article.
In the United States, there are hundreds of regulations which authorize dozens federal agencies to confiscate private property — homes, cars, bank accounts, gold, company shares, and even personal effects.
Ironically, most Americans still think that they live in a country where you’re innocent until proven guilty. Nothing could be further from the truth, and it’s just another clear example of how the US Constitution has become a worthless piece of toilet paper for the federal government.
The Fifth Amendment states that “No person shall be…deprived of life, liberty, or property, without due process of law.” Tell that James Lieto, a New York businessman who was relieved of $392,000 when the armored car company used by his check-cashing firm was taken down by the FBI.
Lieto was innocent and not implicated in any wrongdoing, but the FBI took his money regardless as it just happened to be in the wrong place at the wrong time.
Last October, another businessman named Raul Stio was suspected of wrongdoing by the Treasury Department. The government seized over $150,000 from his account, yet in the 10-months that followed, Stio has still not been charged with a crime.
According to Justice Department statistics, the total value of confiscated property exceeded $2.5 billion in 2010, more than double from five years ago. The average take per case? $166,000…and the vast majority of cases were non-criminal.
It’s truly staggering to think about how much can be taken away from you in the blink of an eye, all without any judicial oversight or right to a hearing.
The reason could be anything. Maybe you violated some arcane, meaningless regulation among the hundreds of thousands of pages of US Code (ignorance of the law is NOT an excuse!). Maybe you were at the wrong place at the wrong time. Or maybe they had no real reason at all other than mere suspicion.
One minute you have money, the next you’re completely locked out of your wealth and livelihood. They force YOU to prove to them that you aren’t guilty, but they take away any means you had to defend yourself.
Look, this is the new reality in America. The entire country has become a nation of criminals — there isn’t a single man, woman, or child alive who is not in violation of some obscure regulation or cannot be ‘suspected’ of wrongdoing.
This is really just a form of cannibalism — a government feeding on its own citizens in order to keep the party going just a little bit longer. They’ll raise taxes, seize assets, take over pension funds, erode freedoms, start wars and send people to die — whatever it takes to maintain the status quo.
I’ve long advocated for an internationalization strategy: diversifying various assets and interests overseas so that no one single government has total control over your livelihood.
Store your gold in Switzerland. Open a bank account in Hong Kong. Register your company in the BVI. Establish a ‘backup’ residency in Chile. Expand your business in Brazil. Get a better job in Singapore. Obtain a second passport in Malta. Open a brokerage account in the Cayman Islands.
This approach is NOT just for the super rich. In fact, I’ve helped all kinds of people to internationalize, young and old, rich and poor.
Taking some simple steps to protect yourself will give you extraordinary peace of mind. You’ll know that, without doubt, you have some savings socked away that NOBODY can touch. You’ll know that you have a solid emergency backup plan. You’ll know that everything you’ve worked for won’t vanish in an instant.
Simon Black,for The Daily Reckoning
Simon Black is an international investor, entrepreneur, permanent traveler, and free man.
Here in Texas America we call permanent travelers, con men carpet baggers. Long advocate that Zorro.
Believe me, I know all about “asset seizures” by the CRIMINAL United States government, State governments, and their facilitators, the jackbooted nazi pigs. Today’s politicians, the pig’s bosses, are nothing but amoral elected gangsters, out to steal everything they can from anyone they can.
Yes, thuggish, arrogant, jackbooted pigs, that’s exactly what they are – decades ago, I was pulled over for a bad tag or tail light, I don’t recall which. When the pig saw that I had cash on my person, he took my money, arrested me, and threw me in a cell at the police station, stating that I was a “drug dealer” – WITH NO PROOF!
They kept me in a cell for eighteen hours, without food or water mind you; they searched my vehicle, they found NO drugs – not even a goddamn aspirin – they STOLE my tools from my trunk. As the had NO EVIDENCE, they cut me loose on personal recognizance bond, though the pigs did charge me with “Disobeying a lawful order from police officer” – whatever the hell that is!
That contrived charge was thrown out of court by an angry judge months later; it took perhaps five minutes, with the judge actually have to tell one smartmouthed pig to shut up after he adjudicated the case.
It took me over a year to have my funds returned, with NO APOLOGY from the pigs or the state, and it cost me $1000.00 to hire a shyster to get my money returned.
I used to be an average, loyal American citizen who voted, paid my taxes, and so forth. After that debacle, I stopped voting, though I still have to pay capital gains every year, and I refuse to participate in anything to do with Local, State or Federal government. I despise all of them with a white-hot hatred that erupts from the core of my being, and I wish them every ill will.
Further, I hope I live long enough to see the United States utterly destroyed, either from within or from without, and every time I hear the news of a pig of whatever stripe getting himself killed, I laugh like a jackal!
Only a fool sees any future left in the USSA. Welcome to the Third World you white trash morons.
Rees-Mogg and Davidson predicted precisely this, and as the super-wealthy remove their personal wealth and relocate their business interests, the burden of the welfare state, added to Zionists’ wars with Islam, falls most heavily upon the remaining middle class. Unfortunately, the first thing the bankers did was buy our “free press”, even as they were funding our future allies and enemies in the Great War (WWI), and plotting to overthrow our staunch ally, the Czar or Russia. The Czar, you may or may not know, kept Britain and France out of our Civil War that the Rothschilds and Benjamin Disraeli helped to start.
What goes around, comes around, but please keep your head down!
“The Fifth Amendment states that “No person shall be…deprived of life, liberty, or property, without due process of law.” Tell that James Lieto, a New York businessman who was relieved of $392,000 when the…”
Though, I am only a parttime friend of a renowned solicitor, I came to the awareness that the word “reasonableness” encapsulates all laws and orders. Without the word “reason” all laws drafted is as good as null. In other words, technical skills or technology has effectively taken over or superseded the functionalities of laws. That is to say, one must be skillful, adept, cunning enough at the expense of all other values.
Tot cut it short. Are you signaling that there is an urgency calling for a new global order as what was envisage in the WW1 or WW2, at this juncture?
Death to America
America must lose and America must pay for it sins to its people.
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