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GOLD TO BE CONFISCATED IN U.S ----HR 2417?

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  • drw1 / pro
    Caveat Lector Subject: GOLD TO BE CONFISCATED IN U.S.--FIRST STEP ? Source: The Lamb Report http://www.lambreport.com/ GOLD TO BE CONFISCATED IN U.S.--FIRST
    Message 1 of 1 , Dec 30, 2003
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      Caveat Lector


      Subject: GOLD TO BE CONFISCATED IN U.S.--FIRST STEP ?



      Source:
      The Lamb Report
      http://www.lambreport.com/

      GOLD TO BE CONFISCATED IN U.S.--FIRST STEP
      http://www.lambreport.com/archive2.tpl?sku=3281325269728483

      12/25/2003

      Congress authorizes Ashcroft to track gold in the U.S.
      Posted by: Admin on Tuesday, December 23, 2003 - 03:46 AM GMT

      According to HR 2417 (Section 374), which became Public Law 108-177
      on Dec. 13, 2003:

      http://thomas.loc.gov/cgi-bin/query/F?c108:6:./temp/~c108CDAxx0:e94557:

      (a) MODIFICATION OF DEFINITION- Section 1114 of the Right to
      Financial Privacy Act of 1978 (12 U.S.C. 3414) is amended by adding at
      the
      end the following:

      '(d) For purposes of this section, and sections 1115 and 1117 insofar
      as they relate to the operation of this section, the term 'financial
      institution' has
      the same meaning as in subsections (a)(2) and (c)(1) of section 5312
      of title 31, United States Code [...]'

      where the Financial Privacy Act was one of the victims of the USA
      PATRIOT Act (Section 358). Now HR 2417 redefines "financial institution"
      to
      match U.S. Code Title 31 Section 5312:

      (2) ''financial institution'' means -
      [...]
      (N) a dealer in precious metals, stones, or jewels;

      This could be a prelude to an FDR-style outlawing of gold possession.
      For more on the future of gold vs. paper money, see the Dec. 28, 2002
      UnderReported.com story China deregulates gold; country's demand to
      double, affecting world market.

      H.R.2417
      Intelligence Authorization Act for Fiscal Year 2004 (Enrolled as
      Agreed to or Passed by Both House and Senate)
      http://thomas.loc.gov/cgi-bin/query/D?c108:6:./temp/~c108CDAxx0::

      NARA | Federal Register | Public Laws: Current Session of Congress

      http://www.archives.gov/federal_register/public_laws/current_session.html

      Public Law 108-177

      http://www.archives.gov/federal_register/public_laws/108th_congress/177.txt
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