The IRS Seizes Accounts of Innocent US Citizens Written by Damon Geller The government continues its alarming pattern of confiscating private citizens money. First, the Washington Post uncovers how the Justice Department and local police seize money from innocent U.S. citizens. Now comes a new bombshell from the New York Times: the IRS seizes accounts from innocent U.S. citizens without even a shred of due process. Shockingly, the IRS has taken millions of dollars from U.S. citizens despite the fact that, in 80% of the cases, no criminal charges were ever filed. And even more alarming -- in a matter of just a few years -- these cases of unconstitutional IRS seizures have risen over 500%! Why? Because our state & federal governments are broke, bankrupt and in desperate need of capital. Just like this administration, law enforcement is shredding the Constitution and rule of law. The Police State is now being expanded to unlawfully gain access to citizens money. Experts advise that you have only ONE choice if you want to protect your savings and retirement from the eventual overreach of government confiscations and seizures. Government on the Brink of Disaster The U.S. government and the Fed pumped trillions of dollars of YOUR money into the banks and stock market over the last several years, catapulting the U.S. debt to $28 trillion by 2018. But now, the U.S. government and the Fed are completely out of ammo, with the Fed no longer able to buy U.S. treasuries. They desperately need money to maintain their own power, and taxes are not enough. So government officials are doing everything they can to keep the Ponzi scheme going, such as seizing the public’s money through inflation, deficits, and outright confiscation. The 4th Amendment under Siege The 4th Amendment of the Constitution reads clearly: “The right of the people to be secure in their persons, houses, papers, and effects against unreasonable searches and seizures, shall not be violated.” But according to this shocking New York Times report, the 4th Amendment is under siege. Unknown to most citizens, the IRS is using a law designed to catch drug traffickers, racketeers and terrorists to seize the bank accounts of innocent U.S. citizens. What reason does the IRS give for stealing money from innocent citizens? Those citizens merely made cash deposits into their bank accounts, so the IRS claims those cash deposits came from criminal activity, despite the fact there is no such evidence of a crime. By law, cash deposits over $10,000 must be reported by a bank to the IRS. But recently, banks have regularly reported cash deposits under $10,000, which the IRS can then claim is suspicious and seize your accounts. As the New York Times reported, over 100 multi agency task forces comb through bank reports on a daily basis, looking for accounts to seize. Under the Bank Secrecy Act, banks filed more than 700,000 suspicious activity reports in 2013 alone! So do you really think you can trust your local bank? The number of IRS seizures has increased over 500% in just a few years, and in 80% of the cases the IRS never files a criminal complaint against the individual being seized. The median amount seized by the IRS is $34,000, while legal costs can easily mount to $20,000 or more. Individuals who are the victims of seizure often cannot afford to fight. How big are the accounts the IRS seizes? The following are just a few of the horrifying cases exposed by the New York Times: The IRS confiscated $447,000 from a family business in New York The IRS confiscated $33,000 from a small restaurant owner in Iowa The IRS confiscated $66,000 from an army sergeant in Virginia who was saving the money for his daughters college education This giant asset forfeiture program gives the executive branch of government the authority to confiscate your money without due process, even if you have committed no crime! The government has gone after run-of-the-mill business owners and wage earners without so much as an allegation that they have committed serious crimes. The IRS can take the money without ever filing a criminal complaint, and the owners are left to prove they are innocent. Many give up and never get their money back. Gov’t Confiscation Goes Much Further Government confiscation of citizen wealth does not stop with seizures by the IRS, Justice Department and local police. As was recently reported, the U.S. government has made several highly controversial moves to nationalize retirement accounts like IRAs, 401Ks, pensions, 403Bs, as well as savings accounts worldwide: FATCA requires foreign financial institutions such as banks, stock brokers, hedge funds, pension funds, insurance companies, and trusts to report all U.S. citizens’ accounts directly to the IRS. FATCA even requires reporting to the IRS by foreign private companies on any income made by a citizen of the U.S. whether they live here or not. Obama announced the creation of the MyRA – your retirement money will now be used to pay for U.S. debt. MyRA is nothing more than an investment scam being sold to the American people as a you-can’t-lose, zero-risk investment by the pitchman-in-chief himself. The Financial Industry Regulatory Authority, which oversees how investments are sold, proposed what it calls CARDS – Comprehensive Automated Risk Data System – which is an electronic system that will regularly collect data on balances and transactions in all 4100 brokerage accounts nationwide. So for the first time ever, the U.S. government is directing you where to invest your savings & retirement and has gained full access to the activity in every single citizen’s bank accounts, retirement accounts, brokerage accounts and trading accounts. The IRS will also have full visibility on any oversees accounts, income, equity or other earnings, effectively giving them access to all the wealth of every American citizen no matter where they reside on earth. Protect Yourself from Govt Confiscation Now With our desperate government gaining unprecedented access to your money everywhere in the world, you need to take action NOW to protect your savings & retirement. But if the government has its hands in your bank accounts, retirement accounts, brokerage accounts – and even the cash in your pocket – is any place safe? Absolutely. There’s ONE asset class this sits outside the financial system and is completely secure from government confiscation and global economic collapse: Gold & Silver. Gold & Silver have been the best wealth protectors for over 5,000 years and have survived every government & currency collapse in history. So with the government spending way beyond its limits and seizing control of your financial accounts, the time is now. Protect your savings & retirement with physical gold & silver before you have nothing left to protect. (Call 800-226-8106 to receive your free copy of Damon Gellers popular book, Rescue Your Money from the National Debt Disaster, or see below)
Posted on: Sat, 08 Nov 2014 23:58:00 +0000
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