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Another Obama Executive Order Allows Seizure of Americans’ Bank Accounts

 
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10/17/2012 05:33 AM
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Another Obama Executive Order Allows Seizure of Americans’ Bank Accounts
The latest executive order (EO) emanating from the White House October 9 now claims the power to freeze all bank accounts and stop any related financial transactions that a “sanctioned person” may own or try to perform — all in the name of “Iran Sanctions.”

Titled an “Executive Order from the President regarding Authorizing the Implementation of Certain Sanctions…” the order says that if an individual is declared by the president, the secretary of state, or the secretary of the treasury to be a “sanctioned person,” he (or she) will be unable to obtain access to his accounts, will be unable to process any loans (or make them), or move them to any other financial institution inside or outside the United States. In other words, his financial resources will have successfully been completely frozen. The EO expands its authority by making him unable to use any third party such as “a partnership, association, trust, joint venture, corporation, subgroup or other organization” that might wish to help him or allow him to obtain access to his funds.

And if the individual so “sanctioned” decides that the ruling is unfair, he isn't allowed to sue. In two words, the individual has successfully been robbed blind.

But it’s all very legal. The EO says the president has his “vested authority” to issue it, and then references endless previous EOs, including one dating back to 1995 which declared a “state of emergency” (which hasn’t been lifted): Executive Order 12957.

EO 12957 was issued by President Bill Clinton on March 15, 1995, which was also obliquely related to the Iran “problem”:

I, William J. Clinton, President of the United States of America, find that the actions and policies of the Government of Iran to constitute an unusual and extraordinary threat to the national security, foreign policy, and economy of the United States, and hereby declare a national emergency to deal with that threat.

Clinton’s EO further delegated such powers as were necessary to enforce the EO to the secretaries of the treasury and state “to employ all powers … as may be necessary to carry out the purposes of this order. The Secretary of the Treasury may redelegate any of these functions to other officers and agencies of the United States Government.”

Such EOs are the perfect embodiment of what the Founders feared the most: the combining of the legislative, executive, and judicial functions into one body. Article I, Section 1 of the Constitution says: “All legislative powers herein shall be vested in a Congress of the United States.” As Thomas Eddlem, writing for The New American, expressed it, “then it stands to reason [that] none is left for the president.”

But Joe Wolverton, also in The New American, pointed out the particular piece of language the Founders used to limit the powers of the president which totalitarians have twisted to allow such powers to expand: the “take care” clause, to wit: Article II, Section 3: he [the president] shall take care that the laws be faithfully executed…

With every EO, the president avoids the cumbersome constitutional safeguards spelled out by the Constitution, and uses them to implement policies he "knows" are right. Says Wolverton: "With every one of these … executive orders, then, the president elevates his mind and will above that of the people, Congress and the courts."

READ MORE AT - [link to thenewamerican.com]
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<<TIMEWATCHER>> (OP)

User ID: 25151023
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10/17/2012 06:53 AM
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Re: Another Obama Executive Order Allows Seizure of Americans’ Bank Accounts
bump
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Not all posts on this website are intended as truthful or factual assertion by their authors. Some users of this website are participating in internet role playing, with or without the use of an avatar. NO post on this website should be considered factual information on face value alone.

"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your counsel nor your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."- Samuel Adams

"...It does not require a majority to prevail, but rather an irate, tireless minority keen to set brush fires in people's minds.."
--Samuel Adams

A man may die, nations may rise and fall, but an idea lives on.
--John F. Kennedy

The cost of freedom is always high, but Americans have always paid it. And one path we shall never choose, and that is the path of surrender, or submission.
--John F. Kennedy

Mankind must put an end to war before war puts an end to mankind.
--John F. Kennedy

All religions, arts and sciences are branches of the same tree.
--Albert Einstein
Anonymous Coward
User ID: 11409207
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10/20/2012 09:53 PM
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Re: Another Obama Executive Order Allows Seizure of Americans’ Bank Accounts
why is no one looking at this all our freedoms are getting taken away

bump
Anonymous Coward
User ID: 11409207
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10/20/2012 09:55 PM
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Re: Another Obama Executive Order Allows Seizure of Americans’ Bank Accounts
someone pin this
Anonymous Coward
User ID: 11409207
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10/20/2012 10:06 PM
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Re: Another Obama Executive Order Allows Seizure of Americans’ Bank Accounts
whats next ban cash or do they want chip us

bump
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User ID: 25843015
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10/21/2012 01:59 AM
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Re: Another Obama Executive Order Allows Seizure of Americans’ Bank Accounts
bump
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The reader is responsible for discerning the validity, factuality or implications of information posted here, be it fictional or based on real events. Moderators on this forum make every effort to review the material posted on this site however, it is not realistically possible for our small staff to manually review each and every one of the more than 20,000 posts GodlikeProductions gets on a daily basis.

The content of posts on this site, including but not limited to links to other web sites, are the expressed opinion of the original poster and are in no way representative of or endorsed by the owners or administration of this website. The posts on this website are the opinion of the specific author and are not statements of advice, opinion, or factual information on behalf of the owner or administration of GodlikeProductions. This site may contain adult language, if you feel you might be offended by such content, you should log off immediately.

Not all posts on this website are intended as truthful or factual assertion by their authors. Some users of this website are participating in internet role playing, with or without the use of an avatar. NO post on this website should be considered factual information on face value alone.

"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your counsel nor your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."- Samuel Adams

"...It does not require a majority to prevail, but rather an irate, tireless minority keen to set brush fires in people's minds.."
--Samuel Adams

A man may die, nations may rise and fall, but an idea lives on.
--John F. Kennedy

The cost of freedom is always high, but Americans have always paid it. And one path we shall never choose, and that is the path of surrender, or submission.
--John F. Kennedy

Mankind must put an end to war before war puts an end to mankind.
--John F. Kennedy

All religions, arts and sciences are branches of the same tree.
--Albert Einstein

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