Obama's Operation Choke Point Is "Unbridled Abuse Of Executive Power, Completely Outside The Rule Of Law"

Tyler Durden's picture

Submitted by Jeremiah Johnson (nom de plume of retired Green Beret of the US Army Special Forces) via SHTFPlan.com,

In an earlier article I touched on the withering attack on the 2nd Amendment that has subsided to a “dull throb” for the moment.  A large portion of that is “Operation Choke Point,” the regulatory “assault” instituted by the Federal Government to force the banking industry to deny services to industries, not on the basis of illegality, but incorrectness as judged by the administration.

This cabal is represented by the Office of the Comptroller of Currency, the Federal Reserve, and the FDIC under the “ringmaster” of the Department of Justice.  The aforementioned agencies have regulated the banking industry by using their positions as directed by the administration to sever businesses from their connections with the banks.  Specifically, the firearms industry, to include (in order) first firearms manufacturers, and the complementary industries that are synergistic with those manufacturers, namely ammunition manufacturers and accessory products for firearms.

The regulators mentioned have used their authority to browbeat the banks into submission and deny businesses in the firearms industry such things as lines of credit, as well as forcing the closure of business and purchasing accounts.  Any banks that refused to institute any of these measures against their clients then opened themselves up to inspections, scrutiny, examinations, and harassment from a regulatory perspective.  The “cover” phrase for the regulatory agencies: “To promote bank safety and soundness.”

“Reputation risk” is the term used by the regulating industries, in essence, to blackball the banks by stating their clients (in this case businesses involved in the firearms industry) were increasing risk for the banks and that the banks themselves were absorbing “negative publicity.”  The regulators insisted they had an obligation to “protect” the banking industry overall by eliminating the potential for the absorption of bad publicity by one of its members due to negativity associated with that third party.  In essence, guilt by association, and in this case guilt not by a court of law as a verdict for a crime, but a bureaucratic regulator operating at the behest of the Obama administration, making its own restrictive “laws” to inhibit legal businesses.

These procedures completely subvert rule of law.  The reputation risk concept enables these regulators to force financial institutions to close any account and cease business with any business they deem to be either “improper” or “unsavory.”  This is a method to deny the businesses the financial support structure they are dependent upon to conduct their affairs and eventually to force the businesses to close.  If the bank refuses to turn on the client, then the bureaucracies will attack the bank and punish it.

Some of the largest targeted sectors are pawn shops, tobacco outlets, gun dealers, and check-cashing services.  There are reasons these businesses are listed as “unsavory.”

The pawn shops do not allow for complete accountability on what is sold and what is purchased for the government to track.

 

Tobacco outlets are along lines of the recent “politically correct” attacks on smokers and the attempt to stamp out smoking in general.

 

Check cashing services usually enable people to cash their paychecks at a usurious rate regarding the fee; however, it allows for the circulation of cash in the hands of those who do not possess a bank account.

 

Gun dealers: the reason is self-explanatory.

All of this is about control and dominion, the erosion of personal freedoms, and the move toward totalitarian suppression of all liberties and complete monitoring over any and all activities of the average citizen.

All of these agencies have exceeded the authority granted to them under normal banking rules and regulations.  Rather than taking care of the individual depositor and the business, they are forcing the paradigm of the administration’s platform and squelching individual liberties.  It is an unbridled, unchecked abuse of Executive power, operating completely outside of the rule of law and answering only to the President.

One of the biggest problems underlying all of this is precedent.  Once precedent is established, it is a great deal harder to enforce the law on the lawbreakers, and additionally they can use their modus operandi in other areas and expand their power and control.  The American Revolution was a dream that happened once.  In Egypt they ousted Morsi, arrested or killed the Muslim Brotherhood, and took their Constitution and their country back.  Won’t happen here until people realize exactly how far down the road we are and what we have lost.  We’ve broken faith with God and with one another, and the country is in such shambles that it may not ever rise again.

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thecondor's picture

Like i have said before, Obama is the biggest false flag attack on any nation in the history of mankind.

bamawatson's picture

if you like you chicken choker, you can keep your chicken choker

thecondor's picture

That's funny you say that, cause I thought Obama and choking chicken too. 

TeamDepends's picture

The halfrican-american is in his final devastating phase of destroying this country. Beware!https://m.youtube.com/watch?v=HWMIwziGrAQ

tmosley's picture

The tighter they squeeze, the more the sands slip through their hands. These actions force those industries into cash, and eventually could cause them to move to trade in gold and silver, or crypto. Crypto seems likely as it offers the same convenience as the banking system, but now without the hassle. It's also cheaper, and, used properly, untraceable, allowing smaller businesses to hide their incomes and hence pay less or no taxes.

Contempt for the law, once unleashed, spreads like wildfire.

nmewn's picture

This...

"Contempt for the law, once unleashed, spreads like wildfire."

...+1

erkme73's picture

If this is really true (and I'm not saying it isn't), wouldn't you think the massive legal departments at the firearms manufacturers would go on the offense?  Sure seems like banks are discriminating (whether at the behest of big .gov or not).

El Vaquero's picture

Do you know why this isn't going to work?  Look at gun manufacturer stocks.  There's just too damned much money to be made by selling arms to the general populace.  Regulators will get told to fuck off and their bosses will get bought.  

Richard Chesler's picture

Obongo the corrupt homosexual muslim does not adhere to the rule of law.

Gee, I'm shocked!

Manthong's picture

Dumbo Ears just celebrated his 300th golf game….

You can’t manage a hot dog cart much less the world’s largest fake economy if you play games that much.

 

gargoylian's picture
gargoylian (not verified) Manthong Aug 13, 2016 10:53 PM

This is what OBAMA will be REMEMBERED for: https://goo.gl/7vUdsL

Manthong's picture

Maybe it sounds racist.. so F you and your politically incorrect speech suppression.

300 golf games F you, white privilege wannabe.. Beauty and blackness is only skin deep but Marxism goes straight to the bone, like with Hillary and yo daddy Frank Marshal Davis.

Take a toke with the daughter, hacker 13 handicap Barry Choomster.

I wish you would take your hook to my golf course... the ball would land in my yard.

 

https://www.youtube.com/watch?v=W7I92r9GqUw

 

https://www.youtube.com/watch?v=QTbkbH3x7LQ

 

Oh, and Hillary,… how is Web’s daughter working out for you?

 

Manthong's picture

"Choke on this Obama. I hear you like fire-snakes"

https://commons.wikimedia.org/wiki/File:FX-05_Xiuhcoatl.png

You know, it’s interesting to us gun nuts how classic actions endure.

Like the Browning, Winchester, Armalite and Kalash designs

..and the 1911, under-the-bed surprise gun.

 

..idiot liberals will never understand the elegance of efficient machine design.

..except when it comes to programming students/drones for their cause.

 

Manthong's picture

Oh, Oh Oh… 13 handicap ????

Take your crippled hacking back to Chicago.

Like, 100 shot and only twelve killed last week.

How bad at hitting the ball in the hole or putting a round on target are you negroes anyway?

Are you taking lessons from  the Israeli plant, Rahm?

 

F'n Democ-Rat golfers,

You know like Little Willie Clinton Gimme' Mulligan fake outs.

..and year 2000 destruction of financial dicipline and propriety with the "Commodities and Futures Modernization Act".

F, I am on a roll.. send the Wookie back to Chicago... there is nothing wrong with her that a few 55 gallon drums of Agent Orange can't cure.

After defoliation, we will bleach her up real good and she will look almost as good as one of Tiger Wood's wives or best GF's.

 

..and we can put the stringy daughter into re-hab, too.


 

BigJim's picture

I suspect half of all new regulation is designed to force the affected companies to bribe the regulators.

The other half is just to make it look like they're keeping busy.

Withdrawn Sanction's picture

By the way, from whom do the military, the various alphabet agencies, and other assorted enforcers get their small arms and ammunition?  Where will they get same if these firms are unable to transact business?  

hxc's picture

Oh, you mean the two publicly traded gun manufacturers? Love your posgs but you know they ain't shit compared to anything bigger than a small local bank to the regulators and their abiloty to extort businesses.

JRobby's picture

The banks are fuckers and a large faction in the organized crime syndicate. They break the law every millisecond, 24/7. So they will do what they are told by Justice (organized crime king pin) or they may be charged with crimes.

This is how an oligarchy operates. Fascism is the proper definition. Coercion is the tactic, every millisecond, 24/7.

Obama should be impeached tomorrow. But the whores of Congress deem it "bad for business"

boattrash's picture

Maybe they should open banks themselves.

I'd love to walk into my local "Smith & Wesson Bank & Trust".

greenskeeper carl's picture

Who controls who? Do the banks control the government, or does the government control the banks? Doing business with the gun makers seems like a no brainer right now, a sure money maker. The TBTF banks clearly don't need the business right now, as the gov/fed has pretty much made sure they make money since the last few years have pretty much been one giant, continuous bank bailout, but surely there are smaller local banks that would be glad for the business.

boattrash's picture

G. Carl,

  It would seem that way, but my dear late friend (and VP of a small chain of local banks) prior to putting a .45 JHP through his head, discussed how the Fin-Reg AKA Franken-Dodd shit was set up to destroy banks like his. It was all for the take-over by the TBTF cocksuckers. He was not a typical banker. I miss him.

Stackers's picture

Operation Choke Point list of "high risk" businesses to be denied access to banking..

http://dailysignal.com/2016/04/07/former-top-obama-official-says-operati...

Obama official admits "unintended collateral consequences" not damage ... "consequences" - fucking government a-holes

Ammo Sales

Firearm Sales

Dating Services

Government Grants

Credit Repair Services

Payday Loans

Money Transfer (Western Union?)

Racist Materials (pre crime?)

Telemarketing

Tobacco Sales

Travel Clubs

Coin Dealers

Fireworks Sales

and more

WordSmith2013's picture

BHO irrerversibly tore the social fabric!

The good news is that the USA will start over... without the globalists and only with patriots.

 

http://stateofthenation2012.com/?p=9762

 

The Obamanation: How One President Irreparably Destroyed The USA
espirit's picture

 

Not a Rand fan but...   

Ayn Rand said: “The hallmark of authoritarian systems is the creation of innumerable, indecipherable laws. Such systems make everyone an un-indicted felon and allow for the exercise of arbitrary government power via selective prosecution.

 

 

HRH of Aquitaine's picture
HRH of Aquitaine (not verified) espirit Aug 13, 2016 3:50 PM

I like Rand. Excellent quote which describes the current era in the USSA perfectly.

True Blue's picture

Tacitus said "The more corrupt the State, the more numerous the laws." -"Corruptissima republica plurimae leges."

JRobby's picture

Just watch the movie "Brazil ". You get the same creepy vibe we live with daily.

Archibald Buttle's picture

+1 for the brazil reference!

bh2's picture

"Arbitrary power is most easily established on the ruins of liberty abused to licentiousness."

-- George Washington

Manthong's picture

Here you go.. the inspiration for "Brazil".

https://www.fandor.com/films/the_trial\

Ignatius's picture

The Constitutional Scholar in Chief.

/s

Chupacabra-322's picture

The American People wil eventually run our own "Choke Point" operation & hang these Treasonist Criminals. You can take that to the Bank.

Manthong's picture

I prefer to not deal with banks.

Money is not the root of all evil, banks are.

shamus001's picture

AS A CHILD- ALL OF THE ABOVE LIST WERE CONSIDERED VERY AMERICAN AND IN KEEPING WITH AMERICAN MORALS

Today, the list are in reverse- here is TODAYS acceptable list:

 

Homosexual clothing stores

xenosexual medical prodedures

Pornography web-business

HFT trading platforms designed to game the trading system vs actually investing

Cell phone applications designed to distract from real life

advertising for surgical prodcedures for sexual enhancements

common core education - for a thorough brainwashing of the next generation

demonization of constitutional principals through heckeling and anti-national pride

state sponsered control of household control of ones childrens health and upbringing

acceptable immoral behavior by politicians trusted with infinite money and decisive control over world war

federal favored influence between competing companies through regulation harrassment (just another day in paradise!)

 

just to name a few- this list could go on all day!

Manthong's picture

..damn shame nobody in the secret service has a sense of ethics.

bh2's picture

Adding +1 endorsement

The Saint's picture
The Saint (not verified) tmosley Aug 13, 2016 10:48 AM

This is just the tip of the iceberg of Obama's illegal actions.  If he weren't black (or a slimeball the Democrats love) he would have been impeached before the end of his first term.  As it is, Congress is too chicken to do their job.

 

new game's picture

blow back in the form off record sales and moar cash carrying buyers, lol.

can not think of a better roi right now. ammo and guns! lol, dumb fuks, yes they are.

ever heard of the bank of ruger. hello, banks can be started in the back room, protected by ruger. wow.

 

espirit's picture

Maybe if the Banks don't want to provide cash to these businesses,

The Pot Growing Industries will.

Win/Win

JRobby's picture

Not too chicken. Impeachment is bad for business and Congress is a self enrichment business.

turnoffthewater's picture

"As it is, Congress is too chicken to do their job", or complicit

Mustafa Kemal's picture

When are we going to get a good analysis of Bitcoin on ZH?

Here2Go's picture
Here2Go (not verified) Mustafa Kemal Aug 13, 2016 11:13 AM

Tyler's gonna get to that in 5...4...3...2.. (as soon as he stops laughing).

Payne's picture

retailer have currency risk with bitcoin, not a stable value for trade day to day, or month to month. 

 

gonetogalt's picture

There must be 50 in the ZH archives, with comments.

SwiffFiffteh's picture

Bitcoin, if nothing else, is amazing for providing examples of the potential a decentralized currency provides. I agree I'd like to see a ZH analysis as well.

East Indian's picture

"Contempt for the law, once unleashed, spreads like wildfire."

 

Absolutely. 

Words fit to be etched in any legislature (that truly represents the people's interest). 

+1000 

Cynicles's picture

The US, where freedom from liberty still exists.

-Cynicles