obamaOk, so this seems like a very big deal and a may represent a serious escalation in the soft conflict happening between the U.S. and Russia. As of today, the U.S. seems to be using financial warfare in its response. Not only does this Executive Order issued today appear to block certain Russian assets, it also imposes travel restrictions. The question on my mind now is, does Russia hold some of its treasuries in the custody of the Federal Reserve? If so, are these now frozen?


Submitted by Michael Krieger, Liberty Blitzkrieg:

Here’s the text of the Executive Order (emphasis mine):

Executive Order — Blocking Property of Certain Persons Contributing to the Situation in Ukraine

EXECUTIVE ORDER

- – – – – – -

BLOCKING PROPERTY OF CERTAIN PERSONS CONTRIBUTING TO THE SITUATION IN UKRAINE

By the authority vested in me as President by the Constitution and the laws of the United States of America, including the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) (IEEPA), the National Emergencies Act (50 U.S.C. 1601 et seq.) (NEA), section 212(f) of the Immigration and Nationality Act of 1952 (8 U.S.C. 1182(f)), and section 301 of title 3, United States Code,

I, BARACK OBAMA, President of the United States of America, find that the actions and policies of persons — including persons who have asserted governmental authority in the Crimean region without the authorization of the Government of Ukraine — that undermine democratic processes and institutions in Ukraine; threaten its peace, security, stability, sovereignty, and territorial integrity; and contribute to the misappropriation of its assets, constitute an unusual and extraordinary threat to the national security and foreign policy of the United States, and I hereby declare a national emergency to deal with that threat. I hereby order:

Section 1. (a) All property and interests in property that are in the United States, that hereafter come within the United States, or that are or hereafter come within the possession or control of any United States person (including any foreign branch) of the following persons are blocked and may not be transferred, paid, exported, withdrawn, or otherwise dealt in: any person determined by the Secretary of the Treasury, in consultation with the Secretary of State: 

(i) to be responsible for or complicit in, or to have engaged in, directly or indirectly, any of the following:

(A) actions or policies that undermine democratic processes or institutions in Ukraine;

(B) actions or policies that threaten the peace, security, stability, sovereignty, or territorial integrity of Ukraine; or

(C) misappropriation of state assets of Ukraine or of an economically significant entity in Ukraine;

(ii) to have asserted governmental authority over any part or region of Ukraine without the authorization of the Government of Ukraine;

(iii) to be a leader of an entity that has, or whose members have, engaged in any activity described in subsection (a)(i) or (a)(ii) of this section or of an entity whose property and interests in property are blocked pursuant to this order;

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(iv) to have materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of, any activity described in subsection (a)(i) or (a)(ii) of this section or any person whose property and interests in property are blocked pursuant to this order; or

(v) to be owned or controlled by, or to have acted or purported to act for or on behalf of, directly or indirectly, any person whose property and interests in property are blocked pursuant to this order.

(b) The prohibitions in subsection (a) of this section apply except to the extent provided by statutes, or in regulations, orders, directives, or licenses that may be issued pursuant to this order, and notwithstanding any contract entered into or any license or permit granted prior to the effective date of this order.

Sec. 2. I hereby find that the unrestricted immigrant and nonimmigrant entry into the United States of aliens determined to meet one or more of the criteria in subsection 1(a) of this order would be detrimental to the interests of the United States, and I hereby suspend entry into the United States, as immigrants or nonimmigrants, of such persons. Such persons shall be treated as persons covered by section 1 of Proclamation 8693 of July 24, 2011 (Suspension of Entry of Aliens Subject to United Nations Security Council Travel Bans and International Emergency Economic Powers Act Sanctions).

Sec. 3. I hereby determine that the making of donations of the type of articles specified in section 203(b)(2) of IEEPA (50 U.S.C. 1702(b)(2)) by, to, or for the benefit of any person whose property and interests in property are blocked pursuant to section 1 of this order would seriously impair my ability to deal with the national emergency declared in this order, and I hereby prohibit such donations as provided by section 1 of this order.

Sec. 4. The prohibitions in section 1 of this order include but are not limited to:

(a) the making of any contribution or provision of funds, goods, or services by, to, or for the benefit of any person whose property and interests in property are blocked pursuant to this order; and

(b) the receipt of any contribution or provision of funds, goods, or services from any such person.

Sec. 5. (a) Any transaction that evades or avoids, has the purpose of evading or avoiding, causes a violation of, or attempts to violate any of the prohibitions set forth in this order is prohibited.

(b) Any conspiracy formed to violate any of the prohibitions set forth in this order is prohibited.

Sec. 6. For the purposes of this order:

(a) the term “person” means an individual or entity;

(b) the term “entity” means a partnership, association, trust, joint venture, corporation, group, subgroup, or other organization; and

(c) the term “United States person” means any United States citizen, permanent resident alien, entity organized under the laws of the United States or any jurisdiction within the United States (including foreign branches), or any person in the United States.

Sec. 7. For those persons whose property and interests in property are blocked pursuant to this order who might have a constitutional presence in the United States, I find that because of the ability to transfer funds or other assets instantaneously, prior notice to such persons of measures to be taken pursuant to this order would render those measures ineffectual. I therefore determine that for these measures to be effective in addressing the national emergency declared in this order, there need be no prior notice of a listing or determination made pursuant to section 1 of this order.

Sec. 8. The Secretary of the Treasury, in consultation with the Secretary of State, is hereby authorized to take such actions, including the promulgation of rules and regulations, and to employ all powers granted to the President by IEEPA, as may be necessary to carry out the purposes of this order. The Secretary of the Treasury may redelegate any of these functions to other officers and agencies of the United States Government consistent with applicable law. All agencies of the United States Government are hereby directed to take all appropriate measures within their authority to carry out the provisions of this order.

Sec. 9. The Secretary of the Treasury, in consultation with the Secretary of State, is hereby authorized to submit the recurring and final reports to the Congress on the national emergency declared in this order, consistent with section 401(c) of the NEA (50 U.S.C. 1641(c)) and section 204(c) of IEEPA (50 U.S.C. 1703(c)).

Sec. 10. This order is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person.

BARACK OBAMA

This seems like a very big deal.

Link to Executive Order here.

In Liberty,
Michael Krieger


  1. Good for President Obama!
    People are such gullible preys of propaganda and disinformation that they buy the enemy’s lies and become unpatriotic. While I am no fan of most of Obama’s policies, this is good.
    “Oh, oh, Putin is defending Russian minorities against neo-Nazi Ukrainians,” lol.
    Some people need to spend less time looking at porn and metals charts and more time learning from history: HITLER’S EXCUSE FOR INVADING CZECHOSLOVAKIA’S SUDETENLAND WAS THAT GERMAN MINORITIES WERE BEING DISCRIMINATED AGAINST BY THE CZECHS!!!! Chamberlain appeased Hitler, but it took the “neo-con” Churchill to clean up that mess.

    https://en.wikipedia.org/wiki/German_occupation_of_Czechoslovakia

    Lt. Gen. Pacepa, when he headed Soviet Romania’s intelligence service, was a master of framing opponents as Nazis, along with the KGB.
    History: Repeat.
    People: Still fresh meat of propaganda.
    So good for President Obama. :)

    • It’s propaganda on BOTH sides. It’s all theater to keep the masses preoccupied while the REAL people in charge pick our pockets. Putin is NOTHING like Hitler….and Obama is NOTHING like Chamberlain. Making these unrealistic comparisons does nothing to understand the situation. Ukraine WAS a vassal of the USSR/Russian empire. Now they are “free” and there are two entities pulling on each arm ready to rip that country apart. All for financial/resource purposes.
       
      There will never be another Nazi Germany. There are too many nukes in the world. Not much point ruling over a ruinous heap or cancer stricken population.

    • Good for Obama? Get real. These ultraNationalists/Fascists in Ukraine are western backed puppets, seeking to undermine Gazprom and Russia. You talk about demonization in the same sentence you compare Putin to Hitler.
      All Obama has done with this order is shown how quick the US is to seize assets. Its one more reason to hold gold outside the US

    • Not Sure: I agree. It is only theater. The governments of the world are in collusion against their people. They are hoping for a seat at the Big Table when they give their power to the Beast.

  2. Didn’t Pat Fields state something to the effect about Executive Orders not being applicable to certain classes of people in the US.   Yet we have NDRP which largely states the same thing as the EO directing action against Russians.  Unlimited power over the persons and assets of every American person and their properties.  Unlimited power over the persons and assets of Russians   This  tit for tat will get interesting.  I suspect that if Putin issues his own EO against American interests the furor will escalate
     

  3. FRNs are exactly like the chips used in casinos. And just like a casino the USA always wins. Imagine a ton of people holding onto chips from a particualr casino and then deciding to cash them in at the same time. Do you think the casino would pay out? Of course not! Soon, the USA will tell other countries to go fly a kite and there will be nothing they can do except moan and groan and take it up the…

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