Obama Already Placed ‘Soviet-Style’ Capital Controls on Americans Two Years Ago

Tuesday, April 17, 2012
By Paul Martin

Patrick Henningsen
April 16, 2012

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.

The Rest…HERE

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