Obama Already Placed ‘Soviet-Style’ Capital Controls on Americans Two Years Ago
April 17, 2012
By Patrick Henningsen
The latest bill empowering the IRS to revoke American citizens’ passports is currently in motion. But revoking American citizens’ natural travel rights is only the beginning of this federal government’s latest drive towards a fully-fledged, collectivist totalitarian society.
Senate Bill 1813, was originally introduced by Senator Barbara Boxer (D-CA) and already passed the Senate on March 14 – all the while disguised as legislation “to reauthorize Federal-aid highway and highway safety construction programs, and for other purposes.”
Those “other purposes” are contained in Senate Leader Harry Reid (D-Nev) latest addition to this legislation, that allows the State Department to “revoke, deny or limit passports” for any person deemed by the Internal Revenue Service as having “a seriously delinquent tax debt in an amount in excess of $50,000.”
The real purpose here, of course, is Federal Capital Controls. In other words, during the impending economic collapse, the US federal government does not want to allow any amounts of private holdings to leave the United States.
Few payed any serious attention to Obama’s Capital Controls bill two years ago, a bill which put the legal measures in place to enforce ‘Soviet-Style’ capital controls in America.
The capital controls wording was hidden, deep within a $17.5 billion “H.I.R.E.” Hiring Incentives to Restore Employment Act (H.R. 2487). This established control over Americans’ ability to move their money across international borders may become restricted thanks to new legislation passed two years ago.