Now They’ve Crossed the Line

How Can the Feds Get Away With This? Were you forwarded this email? [Sign-up to The Daily Reckoning here.]( [Unsubscribe]( [Daily Reckoning] Now They’ve Crossed the Line - The feds seize $860 million of private wealth on dubious grounds — and maybe more… - Innocent until proven guilty becomes guilty until proven innocent… - “No person is safe. No property is safe”… Recommended Link [A rare occurrence is happening right now in the gold market]( [Read more here...]( There is something happening in the gold market right now that you need to be aware of… I urge you NOT to invest in anything before viewing this briefing. Because this information could be a true game-changer for millions of Americans. [See This Rare Opportunity Now]( Somewhere in the Lower 48 States September 24, 2021 Editor’s note: How would you feel if the FBI confiscated your assets on the mere allegation that you earned them illegally and that you had to prove your innocence to get them back? This is now a reality, as Jeffrey Tucker shows you today. Nothing is safe anymore, he argues. [Jeffrey Tucker]Dear Reader, There are so many examples of depredations in American public life that it’s impossible to keep up. Things happen daily now that would have caused national outrage a few years ago. But our sense of outrage has become dulled after nearly 20 months of the most irresponsible public policies in many generations. These days, news of terribleness just washes over us, and we hardly have time to think about it before the next shock comes along. This one, however, should seriously give us pause because it impacts fundamental issues of security and privacy. It’s a demonstration of a reality we have to face today. It is this: Your property is no longer safe from confiscation in the U.S. To be sure, you can say that this has been true since the income tax was passed in 1913. There is truth to that. Still, we’ve generally been able to count on the rule of law. So long as you comply, you can generally assume that your stuff is safe. That is no longer true. One way to think about lockdowns is as a test. What can the government get away with? How outrageous does the intervention have to be before people rise up and resist? How much of an advantage does the government have over the rest of us, and how can that power be deployed? No More Safety In Beverly Hills, California, there is a private service that provides lockboxes for people’s valuables. It is called U.S. Private Vaults. It seems more promising, to some degree, than a box at a bank, where the government has a long history of breaking in. There was never any particular reason to think that the company could not keep its promises. Many people did trust this company with vast amounts of personal wealth. However, being a private company provides no real protection when the government has an agenda. After all, we learned over the last 20 months that there is nothing that limits governments’ rights to have their way with private business. They can break in, shut them down, keep them closed, bankrupt them, and there is very little that can be done to stop it. Six months ago, the FBI raided this company, broke into 800 different boxes by force and took all the contents. They claimed this was justified because they had probable cause that the box contents were gained from illicit activity. They have yet to prove that, however. Recommended Link [IMMINENT: Major Power Grid Disruption]( [Read more here...]( If you pay a utility bill... Then please drop what you’re doing and watch this short video clip immediately. It reveals a STUNNNING collection of facts that could impact your personal financial situation very soon. In short… It exposes how some of the most important energy companies in the United States, like… - PG&E… - Duke Energy… and… - Southern California Edison… Are preparing for a major disruption of the U.S. energy sector by teaming up with none other than… Tesla Inc. What do they know that everyday Americans don’t? [Click Here To Find Out]( Here Today, Gone Tomorrow The company’s website has posted a notice. It now has a notice: “PLEASE BE ADVISED THAT LEGAL COUNSEL JUST RECEIVED THE FOLLOWING NOTICE OF FORFEITURE. THE U.S. GOVERNMENT IS SEEKING TO FORFEIT AND ASSUME OWNERSHIP OF THE CONTENTS OF ALL PRIVATELY HELD VAULTS ON THE PREMISES OF U.S. PRIVATE VAULTS, WHICH IS NOW CLOSED.” You would think this would be national news, but instead the event got no attention. The total loot: $86 million. It included cash, coins, and jewelry. The Feds want to keep it all. But here is another fascinating thing. That $86 million figure is what the Feds said, but look at the actual items listed in the boxes. It seems like the agents became lazy at some point and started marking everything as having the value of one dollar. Here is just one example from one box. It had a Cartier bracelet with diamond, a Cartier bracelet “nail shape,” a diamond tennis bracelet, an 18” gold necklace, a two-tone Rolex men’s watch, another Rolex with gold and diamonds and a platinum Rolex. Each item was valued at $1. It was the same with a tremendous amount of the gold and platinum coins that were taken. Again, each was valued at $1. I’ve not added it all up, but we are certainly talking about a lot more than $86 million. It seems safe to add a zero to this figure. We are looking at the property of many serious people who trusted this company could keep their stuff protected and safe. Now it is all in government hands. The owners have to beg to get it back and must prove that it is all licit. Among those pillaged was Joseph Ruiz, an unemployed chef. He had $57,000 in cash inside his box. He had to sue to get it back. The government claimed that he made that money by running an unlicensed pot business. They further claimed that dogs had sniffed out drugs on his cash. Ruiz produced evidence that this was not true. The FBI returned his money, without apologizing or admitting error. He told the Los Angeles Times that this was “a bank heist in broad daylight.” They have kept everyone else’s money. Six months have gone by. Some 300 of the victims are fighting for their rights in court. The rest of the 500 or so clients have probably just given up doing anything about it. Recommended Link [$10 billion bet... this is a real winner]( [Read more here...]( The world’s second-richest man is ALL IN on his biggest bet yet. He’s already committed $10 billion to it. The way I see it... this is 1997 and the dawn of Amazon all over again. Back then, the retail industry was completely disrupted. This time around it’s another major $2 trillion industry that’s in the line of fire. Missed taking Advantage of Amazon? Don’t miss again. The stakes are huge. The Government has approved it. The timing is right. It’s a Win Win Win situation. [Click Here Now]( Where Is Your Stuff Safe? The usual assumption in the past is that bank boxes are not as safe as private boxes. That might not be true anymore. That said, does it appear that there are no real safe places remaining? In the early 1930s, when government confiscated gold, many people found workarounds in private estates around the country. They quietly stored their gold in basements and in holes in the ground, where it stayed for decades. World War II came and went. It wasn’t until 1974 when gold was demonetized that it became legal to own again. Members of family estates then contacted the private estates and quietly got their money back. By this time, so many presidents had come and gone, and so much had changed in the country, that no one particularly cared. Good strategy, but it’s a long game and rather risky. There is no safe way out for anyone or anything when civilization is headed to destruction. No person is safe. No property is safe. You are better off knowing that than not. It pays to be alert and careful, knowing full well that we are living with a system of government that has become highly dangerous to everything and everyone we hold dear. Regards, Jeffrey Tucker for The Daily Reckoning Editor’s note: Do you want to own gold or silver but are afraid that what described above could happen to you? Unfortunately, it’s a valid concern these days. The good news is our business partners at the [Hard Assets Alliance]( can help. They not only offer you the choice of taking personal possession of your gold and silver… or storing it domestically… [They also give you the option of storing it in overseas vaults, away from the feds’ sticky fingers.]( That’s right, you can safely and confidently store your gold and silver in overseas vaults if you choose. It’s an option you might want to seriously consider given current trends. [Go here now]( to learn more about the Hard Assets Alliance and all the options they offer you, including overseas storage. --------------------------------------------------------------- Thank you for reading The Daily Reckoning! We greatly value your questions and comments. Please send all feedback to [feedback@dailyreckoning.com.](mailto:dr@dailyreckoning.com) [Jeffrey Tucker]( is an independent editorial consultant who served as Editorial Director for the American Institute for Economic Research. He is the author of many thousands of articles in the scholarly and popular press and eight books in 5 languages, most recently Liberty or Lockdown. He speaks widely on topics of economics, technology, social philosophy, and culture. Add feedback@dailyreckoning.com to your address book: [Whitelist us]( Additional Articles & Commentary: [Daily Reckoning Website]( Join the conversation! Follow us on social media: [Facebook]( [LinkedIn]( [Twitter]( [RSS Feed]( [YouTube]( The Daily Reckoning is committed to protecting and respecting your privacy. We do not rent or share your email address. By submitting your email address, you consent to Paradigm Press delivering daily email issues and advertisements. To end your Daily Reckoning e-mail subscription and associated external offers sent from The Daily Reckoning, feel free to [unsubscribe here.]( Please read our [Privacy Statement](. For any further comments or concerns please email us at feedback@dailyreckoning.com. 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