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 |  Subject: Obama Executive Order allows seizure of Americans’ bank accounts  Sun 14 Oct 2012, 10:40 | |
| Obama Executive Order allows seizure of Americans’ bank accountsSat Oct 13, 2012 1:10PM 
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. The New
AmericanHIGHLIGHTSCongressman Ron
Paul (R-Texas) called EOs patently unconstitutional. When asked about them by
Fox News’ Megan Kelly, Paul said: “The
Constitution says that only Congress passes laws. The executive branch is not
allowed to pass laws, nor should the judicial system pass laws. So it is clearly
unconstitutional to issue these executive orders,” Paul said.
“They’ve been
done for a long time, both parties have done it, but the Congress is careless.
They allow and encourage and do these deals … to get the president to circumvent
the Congress. If something’s unpopular and he can’t get it passed, well, let’s
just sign an executive order. So I think that is blatantly wrong. I think this
defies everything the founders intended. I think it’s a shame that Congress does
it, and I think it’s a shame that the American people put up with it,” he added.
The most
outrageous executive order of all time was that issued by President Roosevelt
that allowed the enforced internment of 120,000 Japanese-Americans. Prison
PlanetFACTS & FIGURESThe United
States has long barred U.S. firms from doing business with Iran, but last
December adopted measures that forced international buyers of Iranian oil to cut
their purchases. Economic Times In August, a
second package of sanctions added further restrictions for international banks,
insurance companies and oil traders. The U.S., Israel
and their allies say Tehran may intend to use its nuclear capability to produce
nuclear weapons, a claim Iran rejects. Tehran insists its program is completely
peaceful.
Source:-http://www.presstv.ir/usdetail/266456.html | |
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