Again, with no fanfare or comment, Bush issued a new executive order on Tuesday which gives the Feds the authority bypass all your legal rights and protections and seize you and your property by simply accusing you, or someone you know, of “threatening the peace or stability of Iraq or the Government of Iraq or…undermining efforts to promote economic reconstruction and political reform in Iraq or to provide humanitarian assistance to the Iraqi people.”
Now quite obviously, first in line would be the administration itself, for sheparding the Iraqi Federal Oil and Gas Council which essentially hands Iraqi oil reserves over to Exxon et. al. Doesn’t THAT threaten Iraqi economic reconstruction?
And second in line of course would be me since I pay for this site and support the opinions expressed herein which advocate for US troop withdraw which the administration claims “undermine Iraqi…”
Particularly scary is the second paragraph of the Executive Order which reminds us that we ARE CURRENTLY NOW under a state of National Emergency, which if you recall from this post gives Bush dictatorial power. This section also reminds us of the other EOs which taken together mean things like we are now under martial law and Bush can suspend the 2008 election.
…it is in the interests of the United States to take additional steps with respect to the national emergency declared in Executive Order 13303 of May 22, 2003, and expanded in Executive Order 13315 of August 28, 2003, and relied upon for additional steps taken in Executive Order 13350 of July 29, 2004, and Executive Order 13364 of November 29, 2004. I hereby order:
Sec. 6. The Secretary of the Treasury, in consultation with the Secretary of State and the Secretary of Defense, is hereby authorized to take such actions, including the promulgation of rules and regulations, and to employ all powers granted to the President by IEEPA 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, consistent with applicable law. All agencies of the United States Government are hereby directed to take all appropriate measures within their authority to carry out the provisions of this order and, where appropriate, to advise the Secretary of the Treasury in a timely manner of the measures taken.
If anyone can find any reporting of this in the MSM, please link us to it in a comment.
The following comment on that post parallels what I have been hearing being quietly discussed by people much smarter and richer than I.Â
is that the Patriot Act(s) reinstated a lot of asset confiscation powers, accompanied by a lot of arm-twisting of foreign govts everywhere to sign on agreements… meaning that US people who fled could have their bank accounts sucked clean from afar, in a nutshell.
Of course most Democrats, sadly, don’t usually have assets enough to provoke deep concern about these issues. But! But! The rich are leaving the US and expatriating (i.e. sending in the official notice to the Treasury, paying a sort of severance tax which now is prohibitive) in record numbers:
According to the US Census Bureau, as reported in the 2000 Statistical Yearbook of the Immigration and Naturalization Service (6.2 MB download), by the Bureau of Citizenship and Immigration Services (BCIS), formerly the Immigration and Naturalization Service (INS), the wealthy are leaving the United States in record numbers. According to that report, last year, roughly 363,000 US citizens and permanent residents quietly left the United States permanently. Now granted, not all of those 363,000 expatriates were rich. But, think about it. How many do you think were poor? How many do you think were even middle class?[repub biased source] [gumnt statistics]
And that’s only counting those who have made it official and surrendered their US passports. People of any wealth are fleeing the US in droves.
We’re in Mexico and the flood of (mostly retirement age, but increasingly more younger people) US expats down here has gone from a reliable stream to a torrent. The real estate market is white hot, people tossing 300K+ at houses which could be built for 1/4 the price.
It’s sad that the people on the bottom are the bag-holders of what is coming… the inevitable economic crash from all the deficit spending and the spiking national debt.
Because the rich know money (which is how they got that way much of the time) they see what is happening, whereas the poor, the Katrina-d, the sick and the indebted are bogged down in personal details beyond the lifting of the collective head.
I think this is why this directive was signed, because you see the dollar tanking. Many financial writers say the credit bubble has finally popped. And yes there will be floods of property seizures, mortgage failures etc. which is, I have learned through the financial media, the ostensible purpose of the Halliburton camps (that and stifling “sedition”).
What has happened to our economy is hideous. I wish the US people knew what was going on. I’m an artist, not an economist, but I’ve been frantically reading financial media for some time trying to get the debt picture into my head, and a lot is finally kicking in. In a nutshell, all this debt doesn’t simply sit by on paper. It’s been fueling the stock market (please read comment).
It can be argued that a system is in place not entirely unlike counterfeiting. If you would get excited and worried if you found out they were paying for the war with a counterfeiting operation, then it’s time to get excited.
Since the dollar is not backed by gold, and since there has been an international economic tyranny due to the dollar’s role as international reserve currency, the administration has been able to abuse that privilege through the “debt” industry. US money, briefly, is no longer backed by gold… but by debt instruments. Debt on top of debt on top of debt. Do they realize the instability of it all? You bet. Because once the international economy folds, there will be economic tyranny at home beyond that now seen abroad for decades. Tyranny is what they love. This is no accident.
Which is why the rich are fleeing the US en masse. They too see it coming.
Just a head’s up, I’ve been working on a diary about this (dozens of rewrites) targeted for those who don’t read economics, drained of parlance wherever possible. I hope to have it up soon, after floating it by a few people more knowledgable than I on the subject. The fact that most US people wouldn’t know the credit bubble from soap is going to dearly cost us as a people. The credit bubble is the other head on that two-headed monster known as the Iraq war. The situation is so unstable that I am convinced it factors into Congress’ unwillingness to act against the war. The world economy is a vast ocean of red ink, barely sustained by the activity of the US “consumer” and that is swiftly coming to an end.