Trading with the Enemy
October 6, 1917 with the passage of the Trading With the Enemy Act. This act gave the President the power to regulate, during time of war, all financial transactions involving any “individual, partnership, or body of individuals residing within any nation with which the U.S. is at war.”
Declaration of Emergency
On March 9, 1933, five days after Roosevelt’s inauguration and four days after he had declared a national emergency, Congress passed the Emergency Banking Act, which amended the Trading With the Enemy Act to include regulation of transactions not only with the enemy but also between Americans during time of war or national emergency.
Still in Effect
This state of National Emergency has never been lifted by a U.S. President or by Congress …. or has it ever expired. The U.S. Government has since been acting under this “National Emergency” allowing it the power to do whatever the U.S. Government wants. Many government officials such as Congressmen and Senators admit this. However this state is never talked about in public or in the media.
12 USC section 95(b) states:
‘The actions, regulations, rules, licenses, orders andproclamations heretofore or hereafter taken, promulgated, made, or issued bythe President of the United States or the Secretary of the Treasury since March4, 1933, pursuant to the authority conferred by subsection (b) of section 5 ofthe Act of October 6, 1917 [Trading With the Enemy Act], as amended, are herebyapproved and confirmed.’
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