Treasury Department Claims Power to Seize Gold, Silver--and Everything Else, GATA Says

Thanks to Steve Kinsella for the heads up on this one.Most people probably don't know the federal government claims this much power:

The U.S. Government has the authority to prohibit the private possession of gold and silver coin and bullion by U.S. citizens during wartime, and, during wartime and declared emergencies, to freeze their ownership of shares of mining companies, the Treasury Department has told the Gold Anti-Trust Action Committee.

But gold and silver owners aren't alone in such jeopardy. For the U.S. Government claims the authority in declared emergencies to seize or freeze just about everything else that might be considered a financial instrument.

Something to think about.Yahoo.com