In an effort to curb middle class flight capital, the Secret Service has been given the authority to check safe deposit boxes not only for gold and silver but liquid assets like diamonds etc. using the Patriot Acts I and II. "The machinations of the Bush Cheney Regime are becoming ever more confiscatory towards citizens' assets," writes Martin, author of "The Conspirators: Secrets of an Iran Contra Insider."
"The intent of the Regime's policies is to deny citizens the ability to hold assets discreetly -- or to move assets outside of the United States and hold them with any sovereign immunity," he continues. Martin reminds readers "that in September 2003, the Regime dusted off the shelf, as it were, United States Treasury Directive 416-F (March 24, 1933), more commonly referred to as the Gold Confiscation Act. Then in November 2003, the regime allowed "the U.S. Treasury and the Federal Reserve to effectively expand the Gold Confiscation Act to include a variety of gold bullion coins (including U.S. Gold Bullion Eagles) by effectively changing their 'nominal monetary status.'"
What is even more ominous is "in July 2004, the Regime had depleted the national silver stockpiles, and then outgoing Treasury Secretary Paul O'Neill confirmed that the Regime was 'actively considering' adding silver bullion and bullion coins to a potentially reconstituted gold confiscation act." "We would also remind our readers that the Bush Cheney regime has unlawfully depleted the national gold stockpile by some 2900 metric tons since coming to power," writes Martin to the subscribers of his website Al Martin Raw.com (www.almartinraw.com) "This, combined with the unlawful exhaustion of the national silver stockpile, would seem to indicate that the regime is looking to a forced redemption policy, which was the effective product of the 1933 act, so that citizens would simply be compelled to turn in gold and/or silver bullion and/or bullion coins in exchange for Federal Reserve banknotes," Martin continues. "This would be done not at the prevailing market prices of these metals, but at whatever the nominal face value of the metals are in accordance with U.S. Treasury Directive 6139-B.
"In other words, the U.S. Treasury says that officially the price of one ounce of gold is $50 and the price of one ounce of silver is $1. Holders of U.S. gold and silver bullion coins are obviously aware of this, since the one-ounce American Gold Bullion Eagle coin is stamped with a $50 face value, the one-ounce Silver Bullion Eagle coin is stamped with a $1 face value." "This is the official U.S. Treasury value, at which all bullion coins would be forcibly redeemed in exchange for Federal Reserve banknotes. It would take place when the Regime decides to fully re-institute the 1933 act and to include silver bullion and/or silver bullion coins. We feel this is highly probable." "In essence the nation's money would go from fiat currency to fiat metals. This would be the fiat-ization of U.S. currency..."